Igarashi Motors India Ltd

NSE
IGARASHI •
BUY

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1M Return

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6M Return

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1Y Return

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Start SIP in Igarashi Motors India Ltd
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 %
30.27% Fall from 52W High
-11.3
TTM PE Ratio
High in industry
125.9
Price to Book Ratio
Below industry Median
3.5
Dividend yield 1yr %
Low in industry
0.2
TTM PEG Ratio
PEG TTM is less than 1
0.4
RSI
RSI is mid-range
42
MFI
MFI is mid-range
59.6

Igarashi Motors India Ltd shareholding Pattern

Promoter
75%
Foreign Institutions
0.9%
Mutual Funds
0.7%
Domestic Institutions
1.9%
Public
22.2%

Igarashi Motors India Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
2
Bearish Moving Averages
14
5Day EMA
481.20
10Day EMA
487.00
12Day EMA
489.40
20Day EMA
498.00
26Day EMA
503.00
50Day EMA
516.50
100Day EMA
527.90
200Day EMA
516.60
Delivery & Volume
Resistance & Support
482.15
Pivot
Resistance
First Resistance
491.70
Second Resistance
500.55
Third Resistance
510.10
Support
First Support
473.30
Second support
463.75
Third Support
454.90
Relative Strength Index
41.96
Money Flow Index
59.59
MACD
-13.60
MACD Signal
-12.06
Average True Range
24.14
Average Directional Index
14.91
Rate of Change (21)
-12.44
Rate of Change (125)
-16.59

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 482.85 on NSE and 485.45 on BSE as of 2/29/2024 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 33.34. The Igarashi Motors India Ltd [IGARASHI] share hit a 1-year low of Rs. 329.8 and a 1-year high of Rs. 692.5.

The market cap of Igarashi Motors India Ltd is Rs. 1519.77 Cr. as of 2/29/2024 12:00:00 AM.

The PE ratios of Igarashi Motors India Ltd is 126.75 as of 2/29/2024 12:00:00 AM.

The PB ratios of Igarashi Motors India Ltd is 3.47 as of 2/29/2024 12:00:00 AM

The Mutual Fund Shareholding was 0.73% at the end of 2/29/2024 12:00:00 AM.

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