Igarashi Motors India (IGARASHI)₹370.60−0.96%Auto Components & Equipments
In the Jun 2026 quarter (standalone), Igarashi Motors India reported sales of ₹250 Cr, up 22.5% from Jun 2025, and net profit of ₹6.76 Cr, up 170.4% year on year. For the year to Mar 2026, sales were ₹864 Cr and net profit ₹11.98 Cr.
Company filings, standalone accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 178 | 173 | 204 | 221 | 215 | 210 | 189 | 204 | 218 | 215 | 225 | 250 |
| Expenses | 161 | 156 | 182 | 196 | 189 | 187 | 169 | 185 | 195 | 195 | 206 | 226 |
| Operating Profit | 17.29 | 17.26 | 22.38 | 25.26 | 26.22 | 23.68 | 19.66 | 19.58 | 23.41 | 20.34 | 19.24 | 24.48 |
| OPM % | 9.7% | 10.0% | 11.0% | 11.4% | 12.2% | 11.3% | 10.4% | 9.6% | 10.7% | 9.5% | 8.5% | 9.8% |
| Other Income | 0.47 | 0.74 | 0.35 | 1.38 | 0.34 | 0.38 | 0.32 | 0.81 | 0.15 | 0.09 | 0.76 | 0.98 |
| Interest | 3.39 | 3.52 | 2.79 | 3.39 | 3.56 | 3.84 | 2.64 | 3.18 | 3.27 | 2.10 | 2.49 | 2.64 |
| Depreciation | 12.44 | 12.45 | 12.18 | 12.43 | 12.68 | 13.17 | 13.43 | 13.91 | 14.22 | 14.21 | 14.83 | 15.75 |
| Profit before tax | 1.99 | 2.09 | 7.85 | 10.89 | 10.40 | 7.14 | 3.99 | 3.36 | 6.16 | 4.21 | 2.75 | 7.14 |
| Tax % | 27.1% | 25.8% | 34.7% | 25.4% | 25.4% | 28.2% | 23.6% | 25.3% | 26.6% | 17.1% | 42.1% | 5.5% |
| Net Profit | 1.45 | 1.55 | 5.13 | 8.15 | 7.78 | 5.15 | 3.05 | 2.50 | 4.53 | 3.49 | 1.58 | 6.76 |
| EPS (Rs) | 0.47 | 0.51 | 1.64 | 2.60 | 2.48 | 1.65 | 0.98 | 0.81 | 1.45 | 1.12 | 0.52 | 2.16 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 444 | 514 | 669 | 604 | 532 | 532 | 554 | 654 | 723 | 835 | 864 | 909 |
| Expenses | 336 | 393 | 512 | 488 | 455 | 457 | 508 | 593 | 648 | 741 | 781 | 822 |
| Operating Profit | 108 | 122 | 158 | 117 | 77.79 | 73.91 | 46.93 | 60.92 | 74.80 | 95.76 | 82.89 | 87.47 |
| OPM % | 24.0% | 24.0% | 24.0% | 19.0% | 15.0% | 14.0% | 8.0% | 9.0% | 10.0% | 11.0% | 10.0% | 9.6% |
| Other Income | 14.03 | 17.02 | 34.05 | 25.03 | 12.02 | 10.02 | 7.01 | 8.01 | 2.01 | 2.01 | 2.01 | 1.98 |
| Interest | 6.01 | 4.01 | 13.01 | 16.04 | 15.03 | 7.01 | 7.02 | 13.02 | 13.03 | 14.03 | 12.02 | 10.50 |
| Depreciation | 19.05 | 22.07 | 38.14 | 40.14 | 43.17 | 45.14 | 44.16 | 47.11 | 49.19 | 52.15 | 57.20 | 59.01 |
| Profit before tax | 96.76 | 114 | 141 | 85.74 | 31.92 | 31.93 | 1.99 | 8.99 | 13.96 | 32.91 | 16.97 | 20.26 |
| Tax % | 35.1% | 34.1% | 32.1% | 33.1% | 8.0% | 21.1% | 48.1% | 42.1% | 31.1% | 26.1% | 26.1% | — |
| Exceptional items | −0.03 | 0.00 | −0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 63.94 | 74.95 | 94.84 | 56.92 | 29.96 | 25.95 | 0.99 | 4.99 | 9.99 | 23.98 | 11.98 | 16.36 |
| EPS (Rs) | 18.52 | 21.93 | 27.74 | 18.26 | 9.51 | 8.16 | 0.39 | 1.67 | 3.05 | 7.69 | 3.87 | 5.25 |
| Dividend payout % | 26.0% | 27.0% | 19.0% | 27.0% | 12.9% | 18.0% | 0.0% | 59.9% | 33.0% | 33.0% | 33.9% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 31.07 | 31.03 | 31.05 | 31.06 | 31.07 | 31.04 | 31.04 | 31.05 | 31.07 | 31.08 | 31.06 | 31.06 |
| Reserves | 220 | 264 | 334 | 368 | 398 | 391 | 408 | 407 | 408 | 416 | 434 | 435 |
| Borrowings | 58.12 | 44.06 | 22.02 | 140 | 118 | 124 | 95.10 | 100 | 121 | 138 | 151 | 145 |
| Other Liabilities | 133 | 134 | 118 | 267 | 123 | 127 | 166 | 139 | 167 | 190 | 159 | 224 |
| Total Liabilities | 441 | 472 | 504 | 806 | 671 | 674 | 701 | 678 | 727 | 775 | 776 | 835 |
| Fixed Assets | 121 | 138 | 158 | 320 | 383 | 394 | 370 | 378 | 379 | 366 | 391 | 413 |
| CWIP | 1.01 | 12.01 | 3.01 | 44.08 | 23.01 | 11.02 | 10.01 | 11.02 | 13.01 | 35.06 | 43.08 | 53.03 |
| Investments | 25.91 | 33.86 | 174 | 49.80 | 33.89 | 27.89 | 0.99 | 20.93 | 16.93 | 15.96 | 16.94 | 0.99 |
| Other Assets | 293 | 289 | 170 | 393 | 232 | 241 | 321 | 268 | 319 | 358 | 324 | 368 |
| Inventories | 33.08 | 34.04 | 44.07 | 61.09 | 62.13 | 76.09 | 101 | 82.15 | 109 | 113 | 111 | 117 |
| Trade receivables | 78.87 | 85.83 | 103 | 169 | 142 | 137 | 167 | 135 | 176 | 207 | 173 | 216 |
| Cash & equivalents | 91.15 | 126 | 10.02 | 106 | 3.01 | 3.01 | 13.01 | 7.01 | 5.01 | 5.01 | 3.01 | 3.01 |
| Total Assets | 441 | 472 | 504 | 806 | 671 | 674 | 701 | 678 | 727 | 775 | 776 | 835 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 59.14 | 64.24 | 82.28 | 94.36 | 165 | 90.25 | 41.15 | 73.22 | 34.08 | 50.12 | 94.24 | 94.22 |
| Cash from investing activity | −13.99 | 20.01 | −159 | −69.06 | −104 | −40.98 | 6.01 | −55.02 | −31.99 | −51.05 | −90.08 | −63.02 |
| Cash from financing activity | −5.98 | −48.78 | −28.87 | −26.89 | −58.81 | −48.85 | −37.88 | −23.92 | −3.98 | 0.00 | −4.98 | −29.91 |
| Net cash flow | 39.05 | 34.05 | −106 | −1.01 | 0.00 | 0.00 | 9.01 | −6.01 | −1.01 | −1.01 | −1.01 | 0.00 |
| Capex | 21.07 | 42.16 | 34.13 | 108 | 81.29 | 34.13 | 14.05 | 36.14 | 36.11 | 54.19 | 90.35 | 80.31 |
| Free cash flow | 38.99 | 21.99 | 47.99 | −13.99 | 83.97 | 55.99 | 26.98 | 37.02 | −2.01 | −2.99 | 3.99 | 14.01 |
| CFO / OP % | 102.0% | 89.0% | 96.0% | 86.0% | 162.0% | 130.0% | 54.0% | 169.0% | 53.0% | 73.0% | 109.0% | 119.0% |
| 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 | 21 | 25 | 18 | 62 | 67 | 70 | 92 | 78 | 95 | 88 | 77 | 62 |
| Working capital days | 55 | 11 | 25 | −41 | 22 | 19 | 52 | 42 | 40 | 39 | 18 | 11 |
| ROCE % | 27.1% | 32.1% | 32.1% | 33.1% | 19.1% | 9.1% | 7.1% | 2.0% | 4.0% | 5.0% | 8.1% | 5.1% |
For the Jun 2026 quarter, Igarashi Motors India reported sales of ₹250 Cr, up 22.5% year on year and net profit of ₹6.76 Cr, up 170.4% year on year. The operating margin was 9.8%.
Igarashi Motors India's sales for the year to Mar 2026 were ₹864 Cr; over the last twelve months they were ₹909 Cr.
Net profit for the year to Mar 2026 was ₹11.98 Cr, and ₹16.36 Cr over the last twelve months. Earnings per share over the same trailing period were ₹5.25.
Igarashi Motors India reported borrowings of ₹145 Cr at Mar 2026, against cash and equivalents of ₹3.01 Cr.
Cash from operations was ₹94.22 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹14.01 Cr.