IGARASHI MOTORS IN chart

Last update: 2022-06-03
Key statistics and financials
Revenue per share 179.89
Dividend & Yield1.50₹ (0.52%)
Beta 1.69
Market capitalization 9.37B
Operating cash flow 727.67M
ESG Scores unknown

Company description

Igarashi Motors India Limited manufactures and sells electric micro motors and its accessories for the automotive sector in India, the United States, Japan, Germany, Hong Kong, and internationally. Its products include electric DC micro motors, and stamping and motor components. The company was formerly known as CG Igarashi Motors Limited and changed its name to Igarashi Motors India Limited in July 2003. The company was incorporated in 1992 and is based in Chennai, India. Igarashi Motors India Limited is a subsidiary of Agile Electric Sub Assembly Pvt Ltd.

Sector: Consumer Cyclical - Industry: Auto Parts

Financial Ratios
Quick Ratio1.06
Working Capital0.01
Return On Equity0
Debt To Equity0.05
Fixed Asset Ratio0.02
Fixed Interest Cover1.35

Financial data

Financial Statements

Cashflow Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Change To Liabilities -106.23M 154.12M 234.92M -276.19M
Total Cashflows From Investing Activities -1.04B -406.35M 59.51M -545.76M
Net Borrowings -223.86M -170.17M -275.72M -130.93M
Total Cash From Financing Activities -594.72M -494.18M -378.37M -237.06M
Change To Operating Activities 298.09M -10.12M -95.1M 32.29M
Issuance Of Stock
Net Income 574.15M 299.09M 256.2M 11.9M
Change In Cash 3.7M 2.66M 87.64M -55.16M
Effect Of Exchange Rate
Total Cash From Operating Activities 1.64B 903.19M 406.49M 727.67M
Depreciation 393.18M 413.21M 426.66M 444.72M
Change To Account Receivables 253.3M 91.89M -302.75M 336.13M
Other Cashflows From Financing Activities -150.43M -139.36M -65.12M -58.87M
Change To Netincome 229.17M 90.4M 113.37M -13.19M
Capital Expenditures -809.44M -340.93M -139.18M -361.8M

Income Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Research Development
Income Before Tax 859.28M 324.56M 324.49M 23.14M
Net Income 574.15M 299.09M 256.2M 11.9M
Selling General Administrative 606.77M 520.07M 466.65M 494.37M
Gross Profit 2.79B 2.2B 2.08B 1.95B
Ebit 966.76M 437.61M 353.2M 88.65M
Operating Income 966.76M 437.61M 353.2M 88.65M
Interest Expense -103.69M -83.1M -60.16M -65.5M
Income Tax Expense 285.13M 25.47M 68.29M 11.24M
Total Revenue 6.26B 5.43B 5.39B 5.63B
Cost Of Revenue 3.46B 3.23B 3.31B 3.68B
Total Other Income ExpenseNet -107.49M -113.05M -28.7M -65.5M
Net Income From Continuing Ops 574.15M 299.09M 256.2M 11.9M
Net Income Applicable To Common Shares 574.15M 299.09M 256.2M 11.9M

Balance Sheet Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Total Liabilities 2.41B 2.5B 2.6B 2.38B
Total Stockholder Equity 4.3B 4.23B 4.39B 4.38B
Other Current Liabilities 143.07M 42.29M 137.42M 242.76M
Total Assets 6.7B 6.73B 7B 6.77B
Common Stock 314.75M 314.75M 314.75M 314.75M
Other Current Assets 52.35M 58.39M 240.91M 307.68M
Retained Earnings 2.67B 2.77B 3.01B 2.65B
Treasury Stock -35.8M -201.38M -272.06M 71.84M
Cash 25.55M 28.21M 115.85M 66.3M
Total Current Liabilities 1.8B 1.97B 2.21B 1.81B
Other Stockholder Equity -35.8M -201.38M -272.06M 71.84M
Property, Plant, and Equipment 3.98B 3.94B 3.67B 3.79B
Total Current Assets 2.34B 2.5B 3.12B 2.74B
Net Tangible Assets 4.24B 4.16B 4.35B 4.29B
Net Receivables 1.46B 1.41B 1.71B 1.35B
Accounts Payable 796.72M 973.49M 1.22B 930.05M


Insider Transactions

Here are the insider transactions of stock shares related to IGARASHI MOTORS IN:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Nohria (Kewal Krishan)Sale at price 4.45 per share.D2021-02-22Non-Independent Non-Executive Director5k
Agile Electric Drives Technologies & Holdings Pvt LtdD2019-08-28Promoter3.66M
Igarashi Electric Works Ltd JapanD2019-08-28Promoter3M
Mukund (P)D2019-08-28Managing Director6.66M
Nohria (Kewal Krishan)D2019-02-20Non-Independent Non-Executive Director2k
Nohria (Kewal Krishan)D2019-02-18Non-Independent Non-Executive Director3k
Agile Electric Drives Technologies & Holdings Pvt LtdD2018-04-17Institution- Corporation656.39k
Nohria (Kewal Krishan)D2015-08-14Director (Non-Executive)2.01k
Nohria (Kewal Krishan)D2015-08-13Director (Non-Executive)8.49k
Nohria (Kewal Krishan)D2015-08-12Director (Non-Executive)5k
Nohria (Kewal Krishan)D2015-08-11Director (Non-Executive)4.5k
Nohria (Kewal Krishan)D2015-08-10Director (Non-Executive)7k
Nohria (Kewal Krishan)D2015-08-07Director (Non-Executive)3k
Nohria (Kewal Krishan)D2015-08-04Director (Non-Executive)5k
Nohria (Kewal Krishan)D2015-08-03Director (Non-Executive)5k
Nohria (Kewal Krishan)D2015-07-31Director (Non-Executive)5k
Nohria (Kewal Krishan)D2015-07-28Director (Non-Executive)430k
Chandrasekaran (R)D2014-05-26Divisional Officer25k
Kulasekaran (M C)D2014-05-26UNREPORTED25k
Kumar (Muthu T)D2014-05-26UNREPORTED25k
Nohria (Kewal Krishan)D2014-05-26Non Executive Chairman25k
Raju (Govinda P)D2014-05-26UNREPORTED25k
Arulmani (R S)D2013-08-13UNREPORTED25k
Balasubramanian (C)D2013-08-13UNREPORTED25k
Nohria (Kewal Krishan)D2013-08-13Non Executive Chairman41.66k
Nohria (Kewal Krishan)D2012-09-26Non Executive Chairman1.48k
Nohria (Kewal Krishan)D2012-09-25Non Executive Chairman1.71k
Nohria (Kewal Krishan)D2012-09-24Non Executive Chairman2.94k
Nohria (Kewal Krishan)D2012-09-21Non Executive Chairman797
Nohria (Kewal Krishan)D2012-09-07Non Executive Chairman2.86k
Nohria (Kewal Krishan)D2012-09-07Non Executive Chairman8
Nohria (Kewal Krishan)D2012-09-05Non Executive Chairman802
Nohria (Kewal Krishan)D2012-09-03Non Executive Chairman585
Nohria (Kewal Krishan)D2012-08-24Non Executive Chairman850
Nohria (Kewal Krishan)D2012-08-21Non Executive Chairman2.85k
Nohria (Kewal Krishan)D2012-08-17Non Executive Chairman9.98k
Nohria (Kewal Krishan)D2012-08-14Non Executive Chairman607
Nohria (Kewal Krishan)D2012-08-13Non Executive Chairman6.56k
Nohria (Kewal Krishan)D2012-07-13Non Executive Chairman65
Nohria (Kewal Krishan)D2012-06-27Non Executive Chairman604
Nohria (Kewal Krishan)D2012-06-26Non Executive Chairman1.3k
Nohria (Kewal Krishan)D2012-06-19Non Executive Chairman2k
Nohria (Kewal Krishan)D2012-06-18Non Executive Chairman3.91k
Nohria (Kewal Krishan)D2012-06-15Non Executive Chairman2k
Nohria (Kewal Krishan)D2012-06-07Non Executive Chairman3.19k
Nohria (Kewal Krishan)D2012-05-30Non Executive Chairman13.5k
Nohria (Kewal Krishan)D2012-05-23Non Executive Chairman2.06k
Nohria (Kewal Krishan)D2012-05-21Non Executive Chairman2.06k
Nohria (Kewal Krishan)D2012-05-21Non Executive Chairman60
Nohria (Kewal Krishan)D2012-05-18Non Executive Chairman1.33k
Nohria (Kewal Krishan)D2012-05-17Non Executive Chairman2.39k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to IGARASHI MOTORS IN. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on IGARASHI MOTORS IN

Here is the result of two systematic investment strategies applied to IGARASHI MOTORS IN. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on IGARASHI MOTORS IN

The following chart shows the equity curve of the two systematic investment strategies applied to IGARASHI MOTORS IN:

IGARASHI MOTORS IN automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -20.94% on the backtest period.

Performance at glance

Performance

-20.94 %

Latent gain

-793.28 ₹

Invested capital

3788.28 ₹

Annualized return

-4.96 %
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Momentum strategy results on IGARASHI MOTORS IN

This is the result of two momentum investment strategies applied to IGARASHI MOTORS IN. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on IGARASHI MOTORS IN

The following chart shows all the entries opened by the momentum investment system on IGARASHI MOTORS IN:

IGARASHI MOTORS IN momentum entries
  • The first momentum investment strategy would give -10.3% of return on IGARASHI MOTORS IN. That represents -619.36₹ of latent gain with 6010.36₹ of employed capital.
  • The second momentum investment strategy would give -12.69% of return on IGARASHI MOTORS IN. That represents -696.3₹ of latent gain with 5488.3₹ of employed capital.
Performance at glance (1Q Momentum)

Performance

-10.3 %

Latent gain

-619.36 ₹

Invested capital

6010.36 ₹

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

-12.69 %

Latent gain

-696.3 ₹

Invested capital

5488.3 ₹

Annualized return

-3.39 %

Momentum equity curve on IGARASHI MOTORS IN

The following chart shows the equity curve of the two momentum strategies applied to IGARASHI MOTORS IN:

IGARASHI MOTORS IN momentum equity

Note: the dividends potentially given by IGARASHI MOTORS IN are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on IGARASHI MOTORS IN

The following chart shows the employed capital evolution of the two momentum strategies on IGARASHI MOTORS IN since the beginning:

IGARASHI MOTORS IN

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250₹, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000₹.


Buy the dip strategy result on IGARASHI MOTORS IN

Buy the dip entry openings on IGARASHI MOTORS IN

IGARASHI MOTORS IN

The performance achieved by the robo-advisor on IGARASHI MOTORS IN is 0%. That represents 0.0$ of latent gain with 0.0₹ of employed capital. The following chart shows IGARASHI MOTORS IN stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of IGARASHI MOTORS IN, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 ₹

Invested capital

0.0 ₹

Annualized return

0.0 %

Equity curve of the strategy applied to IGARASHI MOTORS IN

The following chart shows the result of the investment strategy applied to IGARASHI MOTORS IN:

IGARASHI MOTORS IN

Note: the dividends potentially given by IGARASHI MOTORS IN are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on IGARASHI MOTORS IN

The following chart shows the employed capital evolution since the beginning of the investment strategy on IGARASHI MOTORS IN:

IGARASHI MOTORS IN

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on IGARASHI MOTORS IN

In this section, I will compare the three previous investment strategies applied to IGARASHI MOTORS IN.

Equity curve comparison on IGARASHI MOTORS IN

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

IGARASHI MOTORS IN investment strategy comparison

Employed capital comparison on IGARASHI MOTORS IN

IGARASHI MOTORS IN investment comparison

Performance comparison on IGARASHI MOTORS IN

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -20.94% -793.28₹ 3788.28₹ -4.96%
Momentum 1 quarter -10.3% -619.36₹ 6010.36₹ -2.59%
Momentum 2 quarters -12.69% -696.3₹ 5488.3₹ -3.39%
Non-directional 0% 0.0₹ 0.0₹ 0.0%
Annualized return comparison

Automatic investment

-4.96 %

Momentum 1Q

-3.39 %

Momentum 2Q

-3.39 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with IGARASHI MOTORS IN:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between IGARASHI MOTORS IN and the other stocks. There may be false positives or some missing correlated stocks. If the price of IGARASHI MOTORS IN does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name IGARASHI MOTORS IN
Country India
City Chennai
Address Plot No. B-12 to B-15
Phone 91 44 4229 8199
Website www.igarashimotors.com
FullTime employees
Industry Auto Parts
Sector Consumer Cyclical
Exchange XNSE
Ticker IGARASHI.XNSE
Market

IGARASHI MOTORS IN ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown