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Igarashi Motors India Ltd. Stock Analysis

Small Cap
Evaluated by 684 users | BSE: 517380 | NSE: IGARASHI |
Electric Equipment
The history of Igarashi Motors started in 1946 by Eiji Igarashi who established a private company in Kawasaki, for the production and sales of D.C. motors for toys and model ships. Since then, it has been developing and manufacturing small D.C. motors, for more than fifty years. In India the...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 13.26%16.5%15.87%20.92%17.79%21.02%20.62%21.8%12.8%7.35%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 197269291361385445516671606534
Y-o-Y Gr. Rt.-36.5%8.3%24.2%6.6%15.6%16.1%30%-9.7%-11.8%
Adjusted EPS (Rs.) 3.758.0110.2813.2315.2120.7823.6229.9618.589.29
Y-o-Y Gr. Rt.-113.6%28.3%28.7%15%36.6%13.7%26.8%-38%-50%
Book Value per Share (Rs.) 40.5248.6659.1471.8781.9996.19119.3130.28134.04130.81
Adjusted Net Profit 7.616.32140.346.663.672.391.758.529.2
Net Op. Cash Flow (Rs. Cr.) -1.123.859.445.159.163.782.194.416490.6
Debt to Cash Flow from Ops -53.253.521.311.140.970.690.271.480.721.22
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Igarashi Motors India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 11.7%6.8%1.2%-11.8%
Adjusted EPS 10.6%-9.4%-26.7%-50%
Book Value per Share 13.99.83.1-2.4
Share Price 22.3% -14.1% -34% 35.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 14.0417.718.7423.5519.8123.3321.9324.0114.126.86
Operating Profit Margin (%) 14.7816.1618.619.120.8924.3523.6423.5619.4814.66
Net Profit Margin (%) 3.886.097.2211.1512.0914.291413.669.655.47
Debt to Equity 0.730.850.640.240.230.150.060.350.280.27
Working Capital Days 128127133143178149114121154159
Cash Conversion Cycle -11183035322122396875
Entity Percentage Holding
Promoters 75.00%
Institutions 9.71%
Non-Institutions 15.29%
Pledged *29.000.0028.2028.2028.2028.200.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Igarashi Motors's performance infers:

Igarashi Motors earnings have declined by -9.4%, whereas share price has depreciated -14.1% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Igarashi Motors share prices over the last 10 years. Here is what we found out:

Igarashi Motors share price has depreciated 12% annually over the past ten years.

The history of Igarashi Motors started in 1946 by Eiji Igarashi who established a private company in Kawasaki, for the production and sales of D.C. motors for toys and model ships. Since then, it has been developing and manufacturing small D.C. motors, for more than fifty years. In India the company was established in 1993 in a joint venture with Crompton Greaves for development, production and sales of DC motors, DC motors with accessory, and assembly service like end

The history of Igarashi Motors started in 1946 by Eiji Igarashi who established a private company in Kawasaki, for the production and sales of D.C. motors for toys and model ships. Since then, it has been developing and manufacturing small D.C. motors, for more than fifty years. In India the company was established in 1993 in a joint venture with Crompton Greaves for development, production and sales of DC motors, DC motors with accessory, and assembly service like end cap/case/armature.

To meet market needs, a holistic approach to the small DC motor is necessary. This requires a close involvement in everything from design and development of the parts to the production process.

They have been developing and manufacturing small DC motors for more than fifty years and have done pioneering work in product development, improvement and testing for the creation of new manufacturing technologies.

Their design/development/technical departments in Japan, China, and India will continue to dedicate to providing better technology and realizing the creation of highly efficient small DC motors.

Motors produced by Igarashi Motor Sales are designed in accordance with ISO 9002 regulations to ensure quality products with optimal functionality. Before, during, and after production, our motors are subject to intense quality controls and testing methods to ensure reliability. Design FMEA and Process FMEA are extensively used to secure efficiency and dependability.

Product range of the company includes:

  • DC Motors
  • Gear Motors
  • High Voltage Motors
  • Armatures

Achievements/ recognition:

  • Certification of ISO9001/TS16949.
  • Certification of ISO14001
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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