Igarashi Motors India Ltd.

NSE: IGARASHI  SECTOR: Electric Equipment

327.8
+1.7 (0.52%)

Price Summary

Today's High

₹ 332.4

Today's Low

₹ 323

52 Week High

₹ 415.7

52 Week Low

₹ 150.65

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

1031.75207344 Cr.

Enterprise Value

1138.60447344 Cr.

No. of Shares

3.1475048 Cr.

P/E

60.67

P/B

2.44

Face Value

₹ 10

Div. Yield

0.37%

Book Value (TTM)

₹  134.1698

CASH

3.4153 Cr.

DEBT

110.2677 Cr.

Promoter Holding

75%

EPS (TTM)

₹  5.4033

Sales Growth

-11.8393308962434%

ROE

7.17564724200889 %

ROCE

8.78334444780237 %

Profit Growth

5.59672362081368 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

Sales Growth (in Cr.)

1 Year-11.84%
3 Year1.15%
5 Year6.77%

Profit Growth (in Cr.)

1 Year-47.91%
3 Year-26.5%
5 Year-9.38%

ROE%

1 Year7.18%
3 Year15.37%
5 Year18.46%

ROCE %

1 Year8.78%
3 Year20.26%
5 Year25.02%

Debt/Equity

0.2678

Price to Cash Flow

11.39

Interest Cover Ratio

3.160953978907

CFO/PAT (5 Yr. Avg.)

1.79300658024102

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2019 75 0
Sep 2019 75 0
Jun 2019 75 28.2
Mar 2019 75 28.2
Dec 2018 75 28.2
* Figures given above are % of equity capital

 Strengths

  • Company has been maintaining healthy ROCE of 20.2557005551621% over the past 3 years.
  • The Company has been maintaining an effective average operating margins of 21.0517805108922% in the last 5 years.
  • The company has an efficient Cash Conversion Cycle of 75.3722833226456 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.79300658024102.
  • The company has a high promoter holding of 75%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 3.01930376739578.

 Limitations

  • The company has shown a poor profit growth of -26.4978466084877% for the Past 3 years.
  • The company has shown a poor revenue growth of 1.14552978688012% for the Past 3 years.
  • Tax rate is low at 7.84821202989913.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
Net Sales 138.2 146.62 118.12 45.51 150.35
Total Expenditure 114.23 125.6 104.86 48.36 128.3
Operating Profit 23.96 21.03 13.26 -2.84 22.06
Other Income 2.47 3.47 2.5 1.33 3.52
Interest 3.35 2.93 5.19 1.98 0.48
Depreciation 10.73 10.89 10.48 10.7 11.24
Exceptional Items 0 0 0 0 0
Profit Before Tax 12.36 10.68 0.09 -14.19 13.85
Tax 4.28 -2.87 -2.08 -3.66 2.04
Profit After Tax 8.08 13.55 2.17 -10.52 11.81
Adjusted EPS (Rs) 0.26 0.43 0.07 -0.33 0.38

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 444.98 516.44 671.2 606.16 534.39
Total Expenditure 336.7 394.36 513.17 489.62 456.06
Operating Profit 108.28 122.08 158.04 116.54 78.34
Other Income 14.3 17.08 33.85 25.04 11.67
Interest 6.26 3.55 13.11 15.73 15.02
Depreciation 18.96 22.03 37.91 39.93 42.54
Exceptional Items 0 0 0 0 0
Profit Before Tax 97.36 113.58 140.86 85.93 32.46
Tax 33.72 38.27 45.6 28.51 2.55
Net Profit 63.64 75.32 95.26 57.41 29.91
Adjusted EPS (Rs.) 20.79 24.61 31.12 18.24 9.5

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 30.61 30.61 30.61 31.48 31.48
Total Reserves 263.81 334.56 368.16 398.11 391.38
Borrowings 22.36 8.52 43.22 40.51 28.29
Other N/C liabilities 9.15 15.15 16.42 20.45 24.4
Current liabilities 145.22 115.2 346.29 179.76 197.47
Total Liabilities 471.15 504.03 804.71 670.3 673.02
Assets
Net Block 137.79 157.94 319.83 382.51 393.77
Capital WIP 11.07 2.57 41.64 19.03 5.18
Investments 33.7 30.19 35.07 21.59 7.3
Loans & Advances 2.01 5.93 9.59 6.02 10.49
Other N/C Assets 0.65 2.01 3.92 7.17 6.3
Current Assets 285.93 305.38 394.65 233.97 249.98
Total Assets 471.15 504.03 804.71 670.3 673.02
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 97.36 113.58 140.86 85.93 32.46
Adjustment 9.51 14.18 41 59.06 61.02
Working Capital Changes -10.12 -10.4 -46.12 43.69 8.83
Tax Paid -33.1 -35.28 -41.38 -24.73 -11.72
Operating Cash Flow 63.65 82.08 94.36 163.95 90.6
Investing Cash Flow 20.24 -158.58 -68.81 -104.1 -40.63
Financing Cash Flow -49.46 -29 -26.97 -59.47 -49.69
Net Cash Flow 34.44 -105.5 -1.41 0.37 0.27

Corporate Actions

Ratings & Research Reports

Company Presentations

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Company News

Igarashi Motors Stock Price Analysis and Quick Research Report. Is Igarashi Motors an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Igarashi Motors has a PE ratio of 60.6666296522496 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Igarashi Motors has ROA of 4.45295340959441 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Igarashi Motors has a Current ratio of 1.2658957137265 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Igarashi Motors has a ROE of 7.17564724200889 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Igarashi Motors has a D/E ratio of 0.2678 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Igarashi Motors has an Inventory turnover ratio of 7.7348193285521 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Igarashi Motors has reported revenue growth of -11.8393308962434 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Igarashi Motors for the current financial year is 14.658656858188 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Igarashi Motors is Rs 1.2 and the yield is 0.3666 %.

 

Brief about Igarashi Motors

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