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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Igarashi Motors India Ltd

About the Company - Igarashi Motors India Ltd

Igarashi Motors India Ltd. is a Public Limited Listed company incorporated on 10/01/1992 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L29142TN1992PLC021997 and registration number is 021997. Currently company belongs to the Industry of Electric Equipment - General. Company’s Total Operating Revenue is Rs. 556.40 Cr. and Equity Capital is Rs. 31.48 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Electric Equipment - GeneralPlots No. B-12 To B-15, Chennai (Madras) Tamil Nadu 600045investorservices@igarashimotors.co.in
http://www.igarashimotors.com
Management
NamePosition Held
Mr. K K NohriaChairman Emeritus
Mr. Hemant M NerurkarChairman, Non Ind & Non Exe Director
Mr. R ChandrasekaranManaging Director
Mr. Thomas Francis McKeoughNon Exe.Non Ind.Director
Mr. Haruo IgarashiNon Exe.Non Ind.Director
Mr. L RamkumarInd. Non-Executive Director
Mrs. S M VinodhiniInd. Non-Executive Woman Director

Basic Stock Data of Igarashi Motors India Ltd

Last Updated: June 17, 2024, 8:30 pm

Market Cap 1,639 Cr.
Current Price 521
High / Low692/402
Stock P/E171
Book Value 142
Dividend Yield0.19 %
ROCE4.65 %
ROE2.16 %
Face Value 10.0
PEG Ratio-10.11

Igarashi Motors India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales168.44168.55148.39158.99111.19137.82142.61173.73166.98172.93168.25178.44173.75
Expenses140.53141.90131.23140.40108.65129.71134.78158.38151.67151.06152.04161.11156.46
Operating Profit27.9126.6517.1618.592.548.117.8315.3515.3121.8716.2117.3317.29
OPM %16.57%15.81%11.56%11.69%2.28%5.88%5.49%8.84%9.17%12.65%9.63%9.71%9.95%
Other Income2.642.040.741.853.880.460.310.593.803.330.900.460.73
Interest1.632.091.831.941.121.662.503.113.353.183.073.383.51
Depreciation11.5011.2411.0111.3111.0411.1111.2612.0711.8811.9412.1212.4112.41
Profit before tax17.4215.365.067.19-5.74-4.20-5.620.763.8810.081.922.002.10
Tax %23.36%28.52%25.89%28.51%23.00%21.90%25.27%38.16%65.46%24.31%26.04%27.00%25.71%
Net Profit13.3510.983.755.14-4.42-3.28-4.200.471.347.631.431.461.56
EPS in Rs4.243.491.191.63-1.40-1.04-1.330.150.432.420.450.460.50

Last Updated: June 7, 2024, 8:53 am

Igarashi Motors India Ltd Quarterly Chart

Igarashi Motors India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales269291361385445516671606534533556656687
Expenses225237292305337394513490456458509595616
Operating Profit435469801081221581177874476171
OPM %16%19%19%21%24%24%24%19%15%14%8%9%10%
Other Income121817141734251210788
Interest151413764131615771313
Depreciation11131619192238404345444748
Profit before tax18295872971141418632322918
Tax %7%27%21%32%35%34%32%33%8%21%48%42%
Net Profit172146496475955730261512
EPS in Rs7.229.3313.4914.2318.5021.9027.6918.249.508.140.381.663.76
Dividend Payout %0%0%20%28%26%27%19%27%13%18%0%60%

Igarashi Motors India Ltd Profit & Loss Yearly Chart

Igarashi Motors India Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:4%
3 Years:11%
TTM:10%
Compounded Profit Growth
10 Years:-13%
5 Years:-30%
3 Years:-28%
TTM:83%
Stock Price CAGR
10 Years:14%
5 Years:23%
3 Years:4%
1 Year:3%
Return on Equity
10 Years:11%
5 Years:3%
3 Years:1%
Last Year:2%

Last Updated: June 17, 2024, 3:00 pm

Igarashi Motors India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital20203031313131313131313131
Reserves81102189220264335368398391408407408408
Borrowings84785158442214011812495100121123
Other Liabilities637089132133117266122126165138166170
Total Liabilities248271360440471504805670673700677726733
Fixed Assets106122126121138158320383394370378379370
CWIP631112344231110111325
Investments2929212634174503428121174
Other Assets107117212292288169391231240320267318333
Total Assets248271360440471504805670673700677726733

Igarashi Motors India Ltd Reserves and Borrowings Chart

Igarashi Motors India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2459455964829416490417334
Cash from Investing Activity -37-42-30-1420-159-69-104-416-55-32
Cash from Financing Activity 13-1820-6-49-29-27-59-49-38-24-4
Net Cash Flow0-1353934-106-1009-6-1

Igarashi Motors India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days7778707470739285941148898
Inventory Days3344385147546267891158191
Days Payable7488671059411092871131399295
Cash Conversion Cycle373342202417616669917794
Working Capital Days444879561226-634561048590
ROCE %20%22%27%27%32%32%33%19%9%7%2%4%

Igarashi Motors India Ltd Financial Efficiency Indicators Chart

Igarashi Motors India Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs1.09%0.05%0.00%0.03%0.14%0.11%0.11%0.10%0.08%0.08%0.24%0.14%
DIIs7.64%2.23%2.56%2.26%2.44%1.31%1.22%1.80%1.68%1.94%2.40%2.62%
Public16.27%22.72%22.44%22.71%22.42%23.58%23.67%23.11%23.23%22.98%22.36%22.24%
No. of Shareholders23,33426,69025,13425,40324,09826,11326,51125,31023,98723,46922,75722,836

Igarashi Motors India Ltd Shareholding Pattern Chart

No. of Igarashi Motors India Ltd Shareholders

Igarashi Motors India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Value Fund170,5911.3110.01125,0002024-06-1636.47%
Kotak Pioneer Fund125,0000.417.34125,0002024-06-160%
Taurus Discovery (Midcap) Fund57,5003.373.38125,0002024-06-16-54%
Taurus Infrastructure Fund2,8002.480.16125,0002024-06-16-97.76%

Igarashi Motors India Ltd ROCE Trend

Igarashi Motors India Ltd EPS Trend

Igarashi Motors India Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)3.041.660.388.149.50
Diluted EPS (Rs.)3.041.660.388.149.50
Cash EPS (Rs.)18.6416.6514.5122.3423.02
Book Value[Excl.RevalReserv]/Share (Rs.)142.01139.65139.25139.58134.35
Book Value[Incl.RevalReserv]/Share (Rs.)142.01139.65139.25139.58134.35
Dividend / Share (Rs.)1.001.000.001.501.20
Revenue From Operations / Share (Rs.)230.35208.50176.78169.30169.78
PBDIT / Share (Rs.)24.0521.7316.9526.4728.30
PBIT / Share (Rs.)8.466.752.8212.2714.79
PBT / Share (Rs.)4.412.890.7310.3110.31
Net Profit / Share (Rs.)3.041.660.378.149.50
PBDIT Margin (%)10.4410.429.5815.6316.66
PBIT Margin (%)3.673.231.597.258.70
PBT Margin (%)1.911.380.416.086.07
Net Profit Margin (%)1.320.790.214.805.59
Return on Networth / Equity (%)2.141.190.275.837.07
Return on Capital Employeed (%)5.244.301.788.069.78
Return On Assets (%)1.230.720.173.664.44
Long Term Debt / Equity (X)0.040.010.040.040.06
Total Debt / Equity (X)0.250.200.180.190.17
Asset Turnover Ratio (%)0.960.930.800.770.79
Current Ratio (X)1.371.411.511.421.27
Quick Ratio (X)0.940.941.060.950.87
Inventory Turnover Ratio (X)4.374.683.963.604.60
Dividend Payout Ratio (NP) (%)0.000.000.0014.7451.56
Dividend Payout Ratio (CP) (%)0.000.000.005.3721.28
Earning Retention Ratio (%)0.000.000.0085.2648.44
Cash Earning Retention Ratio (%)0.000.000.0094.6378.72
Interest Coverage Ratio (X)5.945.638.1413.476.33
Interest Coverage Ratio (Post Tax) (X)1.751.431.185.143.12
Enterprise Value (Cr.)1399.671182.181203.58946.83656.41
EV / Net Operating Revenue (X)1.931.802.161.781.23
EV / EBITDA (X)18.4917.2822.5711.367.37
MarketCap / Net Operating Revenue (X)1.781.672.031.641.09
Retention Ratios (%)0.000.000.0085.2548.43
Price / BV (X)2.892.492.581.991.38
Price / Net Operating Revenue (X)1.781.672.031.641.09
EarningsYield0.010.000.000.020.05

Igarashi Motors India Ltd Profitability Ratios (%)

Igarashi Motors India Ltd Liquidity Ratios

Igarashi Motors India Ltd Liquidity Ratios (%)

Igarashi Motors India Ltd Interest Coverage Ratios (%)

Igarashi Motors India Ltd Valuation Ratios

Fair Value

Fair Value: 525.49

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 0.86% compared to the current price 521

Intrinsic Value: 436.57

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 16.21% compared to the current price ₹521

Last 5 Year EPS CAGR: -16.92%

*Investments are subject to market risks

Strength and Weakness of Igarashi Motors India Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 19.50%, which is a positive sign.
  2. The company has higher reserves (306.08 cr) compared to borrowings (89.08 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (500.77 cr) and profit (54.46 cr) over the years.
  1. The stock has a high average Working Capital Days of 52.33, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 52.58, which may not be favorable.

FAQ

What is the latest fair value of Igarashi Motors India Ltd?

The latest fair value of Igarashi Motors India Ltd is ₹525.49.

What is the Market Cap of Igarashi Motors India Ltd?

The Market Cap of Igarashi Motors India Ltd is 1,639 Cr..

What is the current Stock Price of Igarashi Motors India Ltd as on 21 June 2024?

The current stock price of Igarashi Motors India Ltd as on 21 June 2024 is ₹521.

What is the High / Low of Igarashi Motors India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Igarashi Motors India Ltd stocks is 692/402.

What is the Stock P/E of Igarashi Motors India Ltd?

The Stock P/E of Igarashi Motors India Ltd is 171.

What is the Book Value of Igarashi Motors India Ltd?

The Book Value of Igarashi Motors India Ltd is 142.

What is the Dividend Yield of Igarashi Motors India Ltd?

The Dividend Yield of Igarashi Motors India Ltd is 0.19 %.

What is the ROCE of Igarashi Motors India Ltd?

The ROCE of Igarashi Motors India Ltd is 4.65 %.

What is the ROE of Igarashi Motors India Ltd?

The ROE of Igarashi Motors India Ltd is 2.16 %.

What is the Face Value of Igarashi Motors India Ltd?

The Face Value of Igarashi Motors India Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Igarashi Motors India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE