Igarashi Motors India Ltd.

BSE: IGARASHI517380ISIN INE188B01013

Consumer Discretionary
Auto Components & Equipments
BSE Consumer Discretionary

Share price

₹385.75+16.90 (+4.58%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹538.60
52W low: ₹272.00
Off 52W high: -28.38%
1M return: -0.85%
3M return: -16.28%
6M return: -1.94%
1Y return: -21.90%
20D avg volume: 2,045
50 DMA: ₹403.80
200 DMA: ₹396.28

Key ratios Standalone

Market cap: ₹1,214 Cr
Current price: ₹385.75
52W high / low: ₹538.60 / ₹272.00
Face value: ₹10.00
P/E: 74.04
P/B: 2.64
EPS (TTM): ₹5.21
Book value / share: ₹146.12
ROE: 3.57%
ROCE: 5.40%
Operating margin: 10.16%
Net margin: 2.70%
Debt / equity: 0.28
Net debt: ₹125.89 Cr
Interest cover: 2.50
Dividend yield: 0.34%
Dividend / share (TTM): ₹1.30
Payout: 24.95%
Cash conversion cycle: 71.4 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	250.87	225.97	216.09	219.14	204.71	189.47	210.80	216.07	222.07	204.60	173.75	178.44
	0.97	0.75	0.08	0.14	0.80	0.31	0.37	0.33	1.37	0.34	0.73	0.46
	251.84	226.72	216.18	219.29	205.51	189.78	211.18	216.40	223.44	204.94	174.49	178.90
	244.68	223.97	211.96	213.11	202.15	185.78	204.02	205.98	212.52	197.07	172.39	176.91
	164.78	158.08	137.95	141.17	130.98	119.34	136.53	143.78	145.13	140.46	113.22	116.05
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	23.43	22.24	22.02	22.09	20.66	19.93	19.20	18.16	17.95	16.76	16.60	16.11
	2.63	2.48	2.09	3.26	3.17	2.63	3.83	3.55	3.38	2.78	3.51	3.38
	15.70	14.78	14.17	14.18	13.87	13.39	13.12	12.64	12.39	12.13	12.41	12.41
	34.26	34.31	30.99	33.88	30.69	31.54	32.79	31.41	30.97	29.26	25.69	25.30
	7.16	2.75	4.22	6.18	3.36	4.00	7.16	10.43	10.92	7.86	2.10	2.00
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	7.16	2.75	4.22	6.18	3.36	4.00	7.16	10.43	10.92	7.86	2.10	2.00
	0.39	1.16	0.72	1.64	0.85	0.94	2.00	2.63	2.76	2.73	0.54	0.54
	6.77	1.59	3.50	4.54	2.51	3.06	5.16	7.79	8.16	5.13	1.56	1.46
	2.15	0.51	1.11	1.44	0.80	0.97	1.64	2.48	2.59	1.63	0.49	0.46
Key metrics
	25.49	20.01	20.48	23.62	20.40	20.02	24.11	26.62	26.69	22.77	18.02	17.79
	10.20%	8.90%	9.50%	10.80%	10.00%	10.60%	11.40%	12.30%	12.00%	11.10%	10.40%	10.00%
	2.70%	0.70%	1.60%	2.10%	1.20%	1.60%	2.40%	3.60%	3.70%	2.50%	0.90%	0.80%
	—	1.00%	—	1.90%	—	1.30%	—	—	—	—	—	—
	22.50%	19.30%	2.50%	1.40%	-7.80%	-7.40%	21.30%	21.10%	—	—	—	—
	169.70%	-48.00%	-32.20%	-41.70%	-69.20%	-40.40%	230.80%	433.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	912.07	865.92	838.42	725.04	656.25	556.40
	1.94	1.78	2.39	1.62	8.02	6.93
	914.03	867.70	840.81	726.67	664.26	563.34
	893.72	851.19	808.30	712.79	655.16	561.02
	601.98	568.18	544.79	484.62	445.82	362.55
	0.00	0.00	0.00	—	—	—
	89.78	87.00	75.23	64.22	58.53	49.44
	10.46	11.00	13.39	12.75	12.14	6.55
	58.83	57.00	51.54	49.08	47.16	44.47
	133.44	129.87	126.70	103.80	101.16	92.38
	20.31	16.51	32.51	13.88	9.10	2.31
	0.00	0.00	0.00	—	—	—
	20.31	16.51	32.51	13.88	9.10	2.31
	3.91	4.37	8.34	4.31	3.86	1.12
	16.40	12.15	24.17	9.57	5.24	1.19
	5.21	3.86	7.68	3.04	1.66	0.38
Key metrics
	89.60	84.51	97.44	75.71	68.40	53.33
	9.82%	9.80%	11.60%	10.40%	10.40%	9.60%
	1.80%	1.40%	2.90%	1.30%	0.80%	0.20%
	—	5.40%	9.00%	—	—	—
	11.09%	3.30%	15.60%	10.50%	17.90%	—
	-11.45%	-49.70%	152.60%	82.60%	340.30%	—
	—	13.98	3.92	—	—	—
	—	7.72	3.88	—	—	—
	—	0.28	0.28	—	—	—
	—	125.89	126.39	—	—	—
	—	71.4	75.9	—	—	—
Balance sheet
	—	834.29	775.01	—	—	—
	—	357.84	327.24	—	—	—
	—	3.11	2.90	—	—	—
	—	216.23	173.49	—	—	—
	—	116.90	110.87	—	—	—
	—	19.99	21.46	—	—	—
	—	394.90	368.58	—	—	—
	—	163.72	109.94	—	—	—
	—	325.55	264.78	—	—	—
	—	129.00	129.29	—	—	—
	—	111.76	119.29	—	—	—
	—	17.24	10.00	—	—	—
	—	466.63	465.55	—	—	—
Cash flow
	—	93.80	93.82	—	—	—
	—	-63.47	-90.05	—	—	—
	—	-30.12	-5.06	—	—	—
	—	79.82	89.90	—	—	—

Compounded growth

Sales CAGR 3Y: +9.68%
Sales CAGR 5Y: —
Profit CAGR 3Y: +32.36%
Profit CAGR 5Y: —
Sales YoY (TTM): +11.09%
Profit YoY (TTM): -11.45%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 74.99%

Quarter	September 2026	June 2026
Promoter %	74.99%	74.99%

Holder	Type	Holding	Previous	Change
AGILE ELECTRIC SUB ASSEMBLY PVT LTD	Promoter Group	54.46%	54.46%	0.00%
IGARASHI ELECTRIC WORKS LIMITED	Promoter	12.59%	12.59%	0.00%
M S IGARASHI ELECTRIC WORKS H.K. LTD	Promoter Group	7.94%	7.94%	0.00%
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK TRANSPORTATION & LOGISTICS FUND	Public	3.06%	3.06%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Samvardhana Motherson International Limited	1,69,717	159.25	36.90	10.90%	+14.02% TTM	+24.64% TTM	+52.47%
Bosch Ltd	1,49,840	50,800.00	63.41	24.30%	+13.63% TTM	-11.32% TTM	+34.19%
Bharat Forge Ltd	88,694	1,815.00	123.94	15.80%	+17.54% TTM	-30.02% TTM	+37.06%
UNO Minda Limited	69,117	1,196.90	53.56	17.90%	+18.80% TTM	+15.35% TTM	-4.40%
Sona BLW Precision Forgings Limited	55,766	892.00	75.38	13.30%	+43.07% TTM	+21.75% TTM	+84.45%
Schaeffler India Limited	54,886	3,511.50	41.79	—	—	—	-15.20%
Tube Investments of India Ltd	43,747	2,260.00	39.45	12.80%	+17.62% TTM	+6.56% TTM	-24.44%
Endurance Technologies Limited	35,086	2,494.30	34.50	16.30%	+31.99% TTM	+15.15% TTM	-14.03%
Dhoot Transmission Limited	33,444	1,635.00	—	—	—	—	—
Exide Industries Ltd.	31,131	366.25	29.64	8.90%	+13.46% TTM	+32.16% TTM	-3.52%
Craftsman Automation Limited	27,927	10,677.90	52.97	14.20%	+35.85% TTM	+119.55% TTM	+56.36%
Sansera Engineering Limited	27,648	4,429.55	78.72	13.60%	+23.49% TTM	+52.89% TTM	+189.79%
Motherson Sumi Wiring India Limited S	26,009	39.22	38.08	35.50%	+35.93% TTM	+11.75% TTM	-16.50%
Asahi India Glass Ltd.	25,070	983.40	45.71	10.80%	+19.75% TTM	+46.40% TTM	+2.72%
Gabriel India Ltd.	24,678	1,392.40	75.53	22.80%	+24.12% TTM	+38.28% TTM	+10.16%
ZF Commercial Vehicle Control Systems India Limited	24,345	2,139.15	48.76	18.50%	+9.03% TTM	+3.22% TTM	+0.07%
Sundram Fasteners Ltd.	22,794	1,084.75	35.98	18.20%	+17.24% TTM	+13.95% TTM	+12.64%
BELRISE INDUSTRIES LIMITED	21,253	219.75	41.93	14.70%	—	—	+51.19%
SPR Auto Technologies Limited	19,750	4,257.65	33.20	18.00%	+46.79% TTM	+8.24% TTM	+57.73%
Tenneco Clean Air India Limited	18,753	464.65	31.18	64.30%	—	—	—
Minda Corporation Limited	16,202	677.70	29.06	15.10%	+32.84% TTM	+108.97% TTM	+14.51%
Lumax Auto Technologies Ltd.	14,306	2,099.00	33.99	24.70%	+32.82% TTM	+57.49% TTM	+75.07%
SEDEMAC MECHATRONICS LIMITED S	13,737	3,106.75	—	31.00%	—	—	—
Amara Raja Energy & Mobility Limited	13,341	728.90	16.72	14.40%	+15.67% TTM	-11.47% TTM	-26.41%
CIE Automotive India Limited	13,295	350.45	14.25	—	+12.44% TTM	+15.35% TTM	-18.90%
Igarashi Motors India Ltd. S	1,214	385.75	74.04	5.40%	+11.09% TTM	-11.45% TTM	-21.90%

Filings & corporate actions

Recent announcements

Igarashi Motors India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve With reference to the ....27 Oct 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended September 30, 2026.8 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of closure of Trading Window-Un-Audited Financial Results for the second quarter ending September 30, 2026.17 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Submission of Voting Results as per regulation 44 of SEBI (LODR) Regulations, 2015 and Scrutinizer Report.8 Aug 2026 · AGM/EGM / AGM
Gist of proceedings of the 34th AGM7 Aug 2026 · AGM/EGM / AGM
Outcome of 34th AGM7 Aug 2026 · AGM/EGM / AGM
Newspaper publication pertaining to un-audited financial results for the first quarter ended June 30, 20267 Aug 2026 · Company Update / Newspaper Publication
Submission of Un-audited financial results for first quarter ended June 30, 20266 Aug 2026 · Board Meeting / Outcome of Board Meeting
Un-audited Financial Results for the first quarter ended June 30, 20266 Aug 2026 · Result / Financial Results
Igarashi Motors India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/08/2026 ,inter alia, to consider and approve This has reference to ....27 Jul 2026 · Board Meeting / Board Meeting
Newspaper publication regarding the notice of 34th AGM14 Jul 2026 · Company Update / Newspaper Publication
Submission of Business Responsibility and Sustainability Report FY2025-26.13 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Record date is fixed on July 31, 2026 for the purpose of final dividend for the FY 2025-26 and AGM13 Jul 2026 · Corp. Action / Record Date
Pursuant to Regulation 30 and 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Notice convening 34th Annual General Meeting and ....13 Jul 2026 · Others / Reg. 34 (1) Annual Report
34th AGM Notice13 Jul 2026 · AGM/EGM / AGM
Certificate under Regulation 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended June 30, 20267 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of closure of Trading Window27 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Significant Movement in the price of Security - Clarification24 Jun 2026 · Company Update / General
The Exchange has sought clarification from Igarashi Motors India Ltd on June 24, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant ....24 Jun 2026 · Company Update / Clarification
KYC Reminder20 Jun 2026 · Company Update / General
TDS Communication20 Jun 2026 · Company Update / General
Shareholders Communication20 Jun 2026 · Company Update / General
Annual Secretarial Compliance Report for the year ended March 31, 202627 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Newspaper Publication22 May 2026 · Company Update / Newspaper Publication
Audited Financial Results21 May 2026 · Result / Financial Results
Audited Financial Results for the quarter and year ended March 31, 2026 and Board recommended Dividend for the year 2025-2621 May 2026 · Board Meeting / Outcome of Board Meeting
Audited Financial Results and Dividend21 May 2026 · Result / Financial Results
Igarashi Motors India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/05/2026 ,inter alia, to consider and approve This has reference to ....12 May 2026 · Board Meeting / Board Meeting
Intimation of Newspaper Publication27 Apr 2026 · Company Update / Newspaper Publication
Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended March 31, 20267 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Credit Rating for bank facilities31 Mar 2026 · Company Update / Credit Rating
Closure of Trading Window for considering the Audited Financial Results for the FY ending on 31st March 202620 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publication - Unaudited Financial Results for the third quarter ended December 31, 202512 Feb 2026 · Company Update / Newspaper Publication
Pursuant to Regulation 33 read with Regulation 30, Schedule III, Part A (4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find enclosed a statement ....11 Feb 2026 · Board Meeting / Outcome of Board Meeting
Submission of Un-Audited Financial Results for the quarter ended December 31, 202511 Feb 2026 · Result / Financial Results
Newspaper Publication- Intimation of Special Window for Transfer and Dematerialisation of Physical securities5 Feb 2026 · Company Update / Newspaper Publication
Igarashi Motors India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/02/2026 ,inter alia, to consider and approve This has reference to ....30 Jan 2026 · Board Meeting / Board Meeting
Special Window for Re-lodgment of Physical Share Transfer14 Jan 2026 · Company Update / General
Certificate under Regulation 74 (5) of SEBI (DP) Regulation for the quarter ended December 31, 20257 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Trading Window Closure20 Dec 2025 · Insider Trading / SAST / Closure of Trading Window

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.3000	31 Jul 2026	31 Jul 2026	—
Final Dividend - Rs. - 2.5000	31 Jul 2025	31 Jul 2025	—
Final Dividend - Rs. - 1.0000	31 Jul 2024	—	—

Board meetings

5 Nov 2026 Board Meeting - Financial Results
6 Aug 2026 Board Meeting - Financial Results