IGARASHI MOTORS INDIA LTD (IGARASHI) financials

IGARASHI MOTORS INDIA LTD (IGARASHI) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Igarashi Motors India Ltd is engaged in the production and export of Permanent Magnet DC Motors for the Automotive Sector especially for the passenger vehicle sector[1]It was incorporated as CG Igarashi Motors Limited in 1992 as a JV between Crompton Greaves Ltd(India), Igarashi Electric Works Ltd, Japan, and International Components Corporation, USA.Over a period, IEWL consolidated its stake in…

Market Cap: ₹1,269Cr.
Current Price: ₹403
Stock P/E: 77.4
ROE: 2.61%
ROCE: 4.58%
Book Value: ₹148
Dividend Yield: 0.32%
52W High / Low: ₹539/271

In Jun 2026, IGARASHI MOTORS INDIA LTD (IGARASHI) reported sales ₹250.87 Cr and net profit ₹6.77 Cr.

Annual TTM: sales ₹912 Cr, net profit ₹16 Cr.

Shareholding: Promoters 75.00% (Sep 2026), FIIs 0.03% (Sep 2026), DIIs 3.64% (Sep 2026), Public 21.32% (Sep 2026), No. of Shareholders 28,642% (Sep 2026).

IGARASHI quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	216.07	210.80	189.47	204.71	219.14	216.09	225.97	250.87
Expenses	189.79	187.06	169.76	185.10	195.67	195.69	206.70	226.35
Operating Profit	26.28	23.74	19.71	19.61	23.47	20.40	19.27	24.52
OPM %	12.16%	11.26%	10.40%	9.58%	10.71%	9.44%	8.53%	9.77%
Other Income	0.33	0.37	0.31	0.80	0.14	0.08	0.75	0.97
Interest	3.55	3.83	2.63	3.17	3.26	2.09	2.48	2.63
Depreciation	12.64	13.12	13.39	13.87	14.18	14.17	14.78	15.70
Profit before tax	10.42	7.16	4.00	3.37	6.17	4.22	2.76	7.16
Tax %	25.34%	28.07%	23.50%	25.22%	26.58%	17.06%	42.03%	5.45%
Net Profit	7.79	5.16	3.06	2.51	4.54	3.50	1.59	6.77
EPS in Rs	2.47	1.64	0.97	0.80	1.44	1.11	0.51	2.15
Raw PDF	—	—	—	—	—	—	—	—

IGARASHI profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	534	533	556	656	725	838	866	912
Expenses	456	458	509	595	650	743	783	824
Operating Profit	78	74	47	61	75	96	83	88
OPM %	15%	14%	8%	9%	10%	11%	10%	10%
Other Income	12	10	7	8	2	2	2	2
Interest	15	7	7	13	13	14	12	10
Depreciation	43	45	44	47	49	52	57	59
Profit before tax	32	32	2	9	14	33	17	20
Tax %	8%	21%	48%	42%	31%	26%	26%	—
Net Profit	30	26	1	5	10	24	12	16
EPS in Rs	9.50	8.14	0.38	1.66	3.04	7.68	3.86	5.21
Dividend Payout %	13%	18%	0%	60%	33%	33%	34%	—

IGARASHI balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	31	31	31	31	31	31	31	31
Reserves	398	391	408	407	408	416	434	435
Borrowings	118	124	95	100	121	138	151	145
Other Liabilities	122	126	165	138	166	189	158	223
Total Liabilities	670	673	700	677	726	774	775	834
Fixed Assets	383	394	370	378	379	366	391	413
CWIP	23	11	10	11	13	35	43	53
Investments	34	28	1	21	17	16	17	1
Other Assets	231	240	320	267	318	357	323	367
Total Assets	670	673	700	677	726	774	775	834

IGARASHI cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	164	90	41	73	34	50	94	94
Cash from Investing Activity	-104	-41	6	-55	-32	-51	-90	-63
Cash from Financing Activity	-59	-49	-38	-24	-4	0	-5	-30
Net Cash Flow	0	0	9	-6	-1	-1	-1	0
Free Cash Flow	84	56	27	37	-2	-3	4	14
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	162%	130%	54%	169%	53%	73%	109%	119%

IGARASHI shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
FIIs	1.30%	1.15%	0.94%	0.12%	0.10%	0.13%	0.50%	0.03%
DIIs	1.79%	2.28%	2.08%	2.21%	2.13%	2.12%	3.65%	3.64%
Public	21.90%	21.57%	21.98%	22.66%	22.77%	22.75%	20.86%	21.32%
No. of Shareholders	26,293	25,238	25,263	26,598	27,129	26,971	27,607	28,642

IGARASHI key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	85	94	114	88	98	104	76	91
Inventory Days	67	89	115	81	91	86	75	75
Days Payable	87	113	139	92	95	103	74	106
Cash Conversion Cycle	66	69	91	77	94	87	76	61
Working Capital Days	23	20	53	43	41	40	19	12
ROCE %	19%	9%	7%	2%	4%	5%	8%	5%

IGARASHIUpdated 18 Oct 2026, 9:12

Igarashi Motors India Ltd

IGARASHIUpdated 18 Oct 2026, 9:12

Market Cap

₹1,269Cr.

Current Price

₹403

High / Low

₹539/271

Stock P/E

77.4

ROE2.61%

ROCE4.58%

Book Value₹148

Face Value₹10.0

Dividend Yield0.32%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	168.25	3.07	152.04	0.9	12.12	1.92	26.04	1.43	0.45
Sep 2023	178.44	3.38	161.11	0.46	12.41	2	27	1.46	0.46
Dec 2023	173.75	3.51	156.46	0.73	12.41	2.1	25.71	1.56	0.5
Mar 2024	204.6	2.78	182.16	0.34	12.13	7.87	34.69	5.14	1.63
Jun 2024	222.07	3.38	196.75	1.37	12.39	10.92	25.27	8.16	2.59
Sep 2024	216.07	3.55	189.79	0.33	12.64	10.42	25.34	7.79	2.47
Dec 2024	210.8	3.83	187.06	0.37	13.12	7.16	28.07	5.16	1.64
Mar 2025	189.47	2.63	169.76	0.31	13.39	4	23.5	3.06	0.97
Jun 2025	204.71	3.17	185.1	0.8	13.87	3.37	25.22	2.51	0.8
Sep 2025	219.14	3.26	195.67	0.14	14.18	6.17	26.58	4.54	1.44
Dec 2025	216.09	2.09	195.69	0.08	14.17	4.22	17.06	3.5	1.11
Mar 2026	225.97	2.48	206.7	0.75	14.78	2.76	42.03	1.59	0.51
Jun 2026	250.87	2.63	226.35	0.97	15.7	7.16	5.45	6.77	2.15

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	385	7	305	17	19	72	32	49	14.23
Mar 2016	445	6	337	14	19	97	35	64	18.5
Mar 2017	516	4	394	17	22	114	34	75	21.9
Mar 2018	671	13	513	34	38	141	32	95	27.69
Mar 2019	606	16	490	25	40	86	33	57	18.24
Mar 2020	534	15	456	12	43	32	8	30	9.5
Mar 2021	533	7	458	10	45	32	21	26	8.14
Mar 2022	556	7	509	7	44	2	48	1	0.38
Mar 2023	656	13	595	8	47	9	42	5	1.66
Mar 2024	725	13	650	2	49	14	31	10	3.04
Mar 2025	838	14	743	2	52	33	26	24	7.68
Mar 2026	866	12	783	2	57	17	26	12	3.86
TTM	912	10	824	2	59	20	—	16	5.21

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	75%
FIIs	0.03%
DIIs	3.64%
Public	21.32%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	75%	0.86%	1.9%	22.23%
Mar 2024	75%	0.89%	1.87%	22.25%
Jun 2024	75%	0.82%	2.05%	22.13%
Sep 2024	75%	0.9%	1.73%	22.35%
Dec 2024	75%	1.3%	1.79%	21.9%
Mar 2025	75%	1.15%	2.28%	21.57%
Jun 2025	75%	0.94%	2.08%	21.98%
Sep 2025	75%	0.12%	2.21%	22.66%
Dec 2025	75%	0.1%	2.13%	22.77%
Mar 2026	75%	0.13%	2.12%	22.75%
Jun 2026	75%	0.5%	3.65%	20.86%
Sep 2026	75%	0.03%	3.64%	21.32%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	31	220	58	132	440	121	1	26	292	440
Mar 2016	31	264	44	133	471	138	12	34	288	471
Mar 2017	31	335	22	117	504	158	3	174	169	504
Mar 2018	31	368	140	266	805	320	44	50	391	805
Mar 2019	31	398	118	122	670	383	23	34	231	670
Mar 2020	31	391	124	126	673	394	11	28	240	673
Mar 2021	31	408	95	165	700	370	10	1	320	700
Mar 2022	31	407	100	138	677	378	11	21	267	677
Mar 2023	31	408	121	166	726	379	13	17	318	726
Mar 2024	31	416	138	189	774	366	35	16	357	774
Mar 2025	31	434	151	158	775	391	43	17	323	775
Mar 2026	31	435	145	223	834	413	53	1	367	834

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	59	-14	-6	39
Mar 2016	64	20	-49	34
Mar 2017	82	-159	-29	-106
Mar 2018	94	-69	-27	-1
Mar 2019	164	-104	-59	0
Mar 2020	90	-41	-49	0
Mar 2021	41	6	-38	9
Mar 2022	73	-55	-24	-6
Mar 2023	34	-32	-4	-1
Mar 2024	50	-51	0	-1
Mar 2025	94	-90	-5	-1
Mar 2026	94	-63	-30	0

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	74	70	73	92	85	94	114	88	98	104	76	91
Inventory Days	51	47	54	62	67	89	115	81	91	86	75	75
Days Payable	105	94	110	92	87	113	139	92	95	103	74	106
Cash Conversion Cycle	20	24	17	61	66	69	91	77	94	87	76	61
Working Capital Days	56	12	26	-40	23	20	53	43	41	40	19	12
ROCE %	27%	32%	32%	33%	19%	9%	7%	2%	4%	5%	8%	5%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of IGARASHI MOTORS INDIA LTD (IGARASHI)?

The reported market capitalisation for IGARASHI MOTORS INDIA LTD (IGARASHI) is ₹1,269Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of IGARASHI?

The current price shown for IGARASHI MOTORS INDIA LTD (IGARASHI) on Fincrux is ₹403 with a 52-week high/low of ₹539/271.

What is the P/E ratio of IGARASHI MOTORS INDIA LTD (IGARASHI)?

The stock P/E for IGARASHI MOTORS INDIA LTD (IGARASHI) is 77.4 on Fincrux, with ROE at 2.61% and ROCE at 4.58%.

What were IGARASHI latest quarterly results?

For Jun 2026, IGARASHI MOTORS INDIA LTD (IGARASHI) reported sales ₹250.87 Cr and net profit ₹6.77 Cr (figures in ₹ crore unless noted).

What are IGARASHI annual sales and net profit?

For TTM, IGARASHI MOTORS INDIA LTD (IGARASHI) shows sales of ₹912 Cr and net profit of ₹16 Cr on the Fincrux profit & loss statement.

Who owns IGARASHI MOTORS INDIA LTD (IGARASHI)?

Latest shareholding for IGARASHI MOTORS INDIA LTD (IGARASHI) on Fincrux: Promoters 75.00% (Sep 2026), FIIs 0.03% (Sep 2026), DIIs 3.64% (Sep 2026), Public 21.32% (Sep 2026), No. of Shareholders 28,642% (Sep 2026).

Where can I find IGARASHI MOTORS INDIA LTD (IGARASHI) financials?

IGARASHI MOTORS INDIA LTD (IGARASHI) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show IGARASHI balance sheet and cash flow?

Yes. The IGARASHI MOTORS INDIA LTD (IGARASHI) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 9:12