Igarashi Motors India Ltd

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IGARASHI •
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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
25.62% Fall from 52W High
18.3
TTM PE Ratio
High in industry
169.3
Price to Book Ratio
Below industry Median
3.6
Dividend yield 1yr %
Low in industry
0.2
TTM PEG Ratio
PEG TTM is much higher than 1
2
RSI
RSI is mid-range
56.5
MFI
MFI is mid-range
53.8

Igarashi Motors India Ltd shareholding Pattern

Promoter
75%
Foreign Institutions
0.9%
Mutual Funds
0.8%
Domestic Institutions
1.9%
Public
22.2%
Promoter
75%
Foreign Institutions
0.9%
Mutual Funds
0.7%
Domestic Institutions
1.9%
Public
22.2%
Promoter
75%
Foreign Institutions
0.1%
Mutual Funds
1.1%
Domestic Institutions
2.6%
Public
22.2%
Promoter
75%
Foreign Institutions
0.2%
Mutual Funds
1%
Domestic Institutions
2.4%
Public
22.4%
Promoter
75%
Foreign Institutions
0.1%
Mutual Funds
0.5%
Domestic Institutions
1.9%
Public
23%
Promoter
75%
Foreign Institutions
0.1%
Mutual Funds
0.5%
Domestic Institutions
1.7%
Public
23.2%

Igarashi Motors India Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
15
Bearish Moving Averages
1
5Day EMA
510.80
10Day EMA
506.90
12Day EMA
506.00
20Day EMA
503.70
26Day EMA
502.50
50Day EMA
499.00
100Day EMA
498.60
200Day EMA
499.90
5Day SMA
509.50
10Day SMA
505.10
20Day SMA
504.30
30Day SMA
499.70
50Day SMA
500.40
100Day SMA
483.90
150Day SMA
498.30
200Day SMA
519.00
Delivery & Volume
Resistance & Support
517.33
Pivot
Resistance
First Resistance
522.17
Second Resistance
529.28
Third Resistance
534.12
Support
First Support
510.22
Second support
505.38
Third Support
498.27
Relative Strength Index
56.46
Money Flow Index
53.83
MACD
3.42
MACD Signal
1.86
Average True Range
19.39
Average Directional Index
14.32
Rate of Change (21)
-1.11
Rate of Change (125)
-7.65
Peer comparison
Compare
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Market Price
Market Cap
52W Low
52W High
Automotive Stampings and Assemblies Ltd.
1536.6
373
1094.55
India Nippon Electricals Ltd.
1761.64
428.1
848.8
Rico Auto Industries Ltd.
1745.64
78.7
157
Rane (Madras) Ltd.
1467.78
603.55
1023
Sterling Tools Ltd.
1420.98
304.35
440.7
Precision Camshafts Ltd.
1759.14
172.65
319

Igarashi Motors India Ltd Company background

Founded in: 1992
Managing director: R Chandrasekaran
Igarashi Motors India Limited incorporated in January, 1992 is primarily engaged in the manufacture of micro motors and its accessories mainly for the automotive sector. The company came out with a Rs 2.77cr public issue in Jan.94 to partfinance a 100% EOU to manufacture permanent magnet DC micro motors. Total project cost was at Rs 10 cr. During 199798, the company has expanded capacity of Rotors by 1.5 million nos there by taking the capacity to 3.5 million nos and then to 6 million nos in 199899. The company was certified QS 9000 in November 1998 and the Quality System has been upgraded to conform to the latest edition of QS 9000 with effect from January 2000. During 200203 Crompton Greaves Limited have divested their holding in favour of Igarashi Electric Works. Since Igarashi Electric Works(HK) ltd have acquired 30,99,993 equity shares of CG Capital Investments Ltd, the Board has decided to change the name of the company and the Registrar have approved Igarashi Motors India Limited as the new name.The company is examining the possibility of spinning off its non motor business into a focused JV with Igarshi Electric Works, Japan.During the year 200708, Company had promoted a Joint Venture viz., Bosch Electrical Drives India Private Limited in India along with Robert Bosch GmbH, Germany for developing, manufacturing and selling DC Motors and Systems for Wiper, HVAC, Engine Cooling and Window lift applications for the fast growing Indian automotive market. It divested investments in Agile Electric Technologies Pvt. Ltd. (Formerly Igarashi Technologies Pvt. Ltd.), Igarashi Electric India Pvt. Ltd. and 26% of investment in Agile Electric Sub Assembly Pvt. Ltd. (Formerly Igarashi Brush Cards Pvt. Ltd.). It invested an additional amount of Rs.5 crores in the Joint Venture with Bosch Electrical Drives India Pvt.Ltd. in 200809. During the year 201314, Agile Electric Sub Assembly Private Limited along with Blackstone Capital Partners (Singapore) VI FDI Three Pte. Limited and BFIP (Cayman) VIESC FDI Three Limited and Mr. P Mukund (Person Acting in Concert) made an open offer to acquire Companys 7,314,694 equity shares in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and acquired 5,834 equity shares at a Price of Rs. 65.80/ per share. On July 30,2015, Igarashi Electric Works Limited, Japan (IEWL) acquired majority stake in Agile Electric Sub Assembly Private Limited AESPL (Holding Company). Consequently, IEWL and Mape Securities Private Limited became New Promoters of the Company from July 30,2015 and also AESPL and Igarashi Electric Works (H.K) Limited, Hong Kong (Wholly owned subsidiary of IEWL) became part of Promoter Group. On December 16, 2015, IEWL along with Persons Acting in Concert viz., AESPL and investors issued Open Offer for acquiring 7,960,538 equity shares (26.01%) at a price of Rs. 324.60/ per share. AESPL acquired 600 equity shares tendered in open offer for a consideration of Rs. 194,760/.During the year 201718, Company acquired additional space of four plots on lease from MEPZSEZ for setting up of manufacturing lines and warehouse logistics operations. On April 28, 2017, Mr. P Mukund and Igarashi Motors Sales Pvt Ltd. (IMSPL) acquired 34.04% stake in Agile Electric Sub Assembly Private Limited AESPL (Holding Company). Consequently, Mr. P Mukund along with Persons Acting in Concert viz., AESPL and IMSPL issued Open Offer for acquiring 7,958,196 equity shares (26%) at a price of Rs 809.96/ per share to the shareholders of the Company. AESPL acquired 649,955 equity shares tendered in open offer for a consideration of Rs 526,437,551.80/ on April 17, 2018. Consequently, the Promoters Promoter Group holding increased to 77.12% from 75%.On May 27, 2017, the Board of Directors of the Company, has approved the Scheme of Arrangement for amalgamation of Agile Electric Sub Assembly Private Limited (AESPL) with the Company. The Board of Directors approved issue of bonus equity shares only to the public shareholders of the Company pursuant to the Scheme in the interest of the public shareholders and to ensure compliance of minimum public shareholding post the merger. On September 20, 2018, Company acquired the export division of Agile Electric Sub Assembly Private Limited (AESPL) (Holding Company) for a consideration of Rs 13562 lakhs as a going concern (Slump Sale) along with all assets, liabilities and employees with effect from 01st October, 2018. Upon acquisition of Export Division of AESPL, the Board of Directors approved cancellation of ongoing process of amalgamation of AESPL with the Company as the majority of desired benefits were already been achieved.On August 28,2019, Igarashi Electric Works Ltd, Japan (Promoter) IGJ along with Agile Electric Sub Assembly Pvt Ltd (Promoter Group Holding Company) AESPL acquired 21.15% stake in the Company held by Mr. P Mukund (Promoter) as interse transfer of shares between Promoters. Despite of this transaction, Promoter Promoter Group continues to hold 75% stake in the Company. Also IGJ increased its stake to 91.35% from 56.84% in AESPL by acquiring stake from Mr. P Mukund and Igarashi Motors Sales Pvt Ltd.During the year 202021, Company disinvested entire 9.20% stake held in Bosch Electrical Drives India Private Limited (BEDPL) in favour of Robert Bosch Investment Netherland B.V, Netherlands. On April 07, 2021, Company had received Sale Consideration of Rs 33.70 Lakhs.
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Igarashi Motors India Ltd FAQs

Igarashi Motors India Ltd shares are currently priced at 515.05 on NSE and 514.35 on BSE as of 7/15/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Igarashi Motors India Ltd [IGARASHI] share was 5.9. The Igarashi Motors India Ltd [IGARASHI] share hit a 1-year low of Rs. 402 and a 1-year high of Rs. 692.5.

The market cap of Igarashi Motors India Ltd is Rs. 1621.12 Cr. as of 7/15/2024 12:00:00 AM.

The PE ratios of Igarashi Motors India Ltd is 169.19 as of 7/15/2024 12:00:00 AM.

The PB ratios of Igarashi Motors India Ltd is 3.62 as of 7/15/2024 12:00:00 AM

The Mutual Fund Shareholding was 0.76% at the end of 7/15/2024 12:00:00 AM.

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