IGARASHI

Igarashi Motors India share price & financials

Price
₹414.3
Market cap
₹1.3k Cr
Sector
Automobile and Auto Components

What Igarashi Motors India Limited does

Igarashi Motors India designs and manufactures precision Permanent Magnet DC motors and actuators used in automotive Engine Air Management (EGR, WGA, VGT, CCV), Safety applications (Electric Parking Brake, Park Lock Actuator, Electric Vacuum Pump, Gear Box Actuator, ABS) and Body applications (Trunk Opening & Closing Device, seat-adjustment motors), supplying global Tier-1 automotive suppliers and OEMs across India, East Asia, Europe and the US. It also manufactures energy-efficient BLDC motors for ceiling fans and other consumer appliances under its FMEG/non-automotive business, and offers electronic system design and manufacturing (ESDM/PCB) solutions. The company is a subsidiary of Igarashi Electric Works Ltd, Japan, and operates as part of the global Igarashi Group's manufacturing network spanning India, Japan and China.

Segments

  • Automotive
  • Non-Automotive / FMEG
DC motors manufactured, cumulative since 1996
603 million
BLDC motor solutions delivered, cumulative since 2020
5 million
Manufacturing units
9
Global production sites
5, across India, Japan and China
Global sales offices
4, in Hong Kong, Germany, USA and Japan
Logistics warehouses
2
Founded 1996Headquarters Chennai, IndiaEmployees 760 (FY 2024-25 (as of March ) Company website

Quarterly results

Q1 FY27: revenue up 22.5%, net profit up 169.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue216 211 189 205 219 +1%216 +3%226 +19%251 +23%
EBITDA26 24 20 20 23 −11%20 −14%19 −2%25 +25%
Net profit8 5 3 3 5 −42%4 −32%2 −48%7 +170%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −16.3% 1Y

₹300₹400₹500Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹494.8 on 10 Sept 2025 → ₹414.3. High ₹543.25 (19 Sept 2025), low ₹273.45 (30 Mar 2026).

Financials, as filed

Revenue grew 9.7% a year over 3 years, FY23 to FY26. Operating margin held at 9.6%.

Year endingFY23FY24FY25FY26
Revenue₹656 Cr₹725 Cr₹838 Cr₹866 Cr
Operating profit₹60 Cr₹73 Cr₹95 Cr₹83 Cr
Operating margin9.2%10.1%11.3%9.6%
Interest₹12 Cr₹13 Cr₹13 Cr₹11 Cr
Depreciation₹47 Cr₹49 Cr₹52 Cr₹57 Cr
Net profit₹5 Cr₹10 Cr₹24 Cr₹12 Cr
Net margin0.8%1.3%2.9%1.4%
Cash from operations₹34 Cr₹50 Cr₹94 Cr₹94 Cr
Free cash flow₹-2 Cr₹-3 Cr₹4 Cr₹14 Cr
ROCE4.0%5.0%8.0%5.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹31 Cr₹31 Cr₹31 Cr₹31 Cr₹31 Cr₹31 Cr
Reserves₹408 Cr₹407 Cr₹408 Cr₹416 Cr₹433 Cr₹435 Cr
Borrowings₹95 Cr₹100 Cr₹121 Cr₹138 Cr₹143 Cr₹145 Cr
Other liabilities₹165 Cr₹138 Cr₹166 Cr₹189 Cr₹194 Cr₹223 Cr
Total liabilities₹700 Cr₹677 Cr₹726 Cr₹774 Cr₹802 Cr₹834 Cr
Fixed assets₹370 Cr₹378 Cr₹379 Cr₹366 Cr₹391 Cr₹413 Cr
Capital work in progress₹10 Cr₹11 Cr₹13 Cr₹35 Cr₹61 Cr₹53 Cr
Investments₹1 Cr₹21 Cr₹17 Cr₹16 Cr₹1 Cr₹1 Cr
Other assets₹320 Cr₹267 Cr₹318 Cr₹357 Cr₹349 Cr₹367 Cr
Total assets₹700 Cr₹677 Cr₹726 Cr₹774 Cr₹802 Cr₹834 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +1.57 pp while the public trimmed −1.12 pp. The shareholder count grew 9% to 27,607.

Promoters
75.0%
FIIs
0.5%
DIIs
3.6%
Public
20.9%

Since Jun 2025

  • DIIs +1.57 pp
  • Public −1.12 pp
  • FIIs −0.44 pp

How it drifted, 12 quarters

Over this window the public fell from 22.2% to 20.9% — −1.4 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 0.1%, DIIs 2.6%, Public 22.2%.Dec '23: Promoters 75.0%, FIIs 0.9%, DIIs 1.9%, Public 22.2%.Mar '24: Promoters 75.0%, FIIs 0.9%, DIIs 1.9%, Public 22.3%.Jun '24: Promoters 75.0%, FIIs 0.8%, DIIs 2.0%, Public 22.1%.Sep '24: Promoters 75.0%, FIIs 0.9%, DIIs 1.7%, Public 22.4%.Dec '24: Promoters 75.0%, FIIs 1.3%, DIIs 1.8%, Public 21.9%.Mar '25: Promoters 75.0%, FIIs 1.1%, DIIs 2.3%, Public 21.6%.Jun '25: Promoters 75.0%, FIIs 0.9%, DIIs 2.1%, Public 22.0%.Sep '25: Promoters 75.0%, FIIs 0.1%, DIIs 2.2%, Public 22.7%.Dec '25: Promoters 75.0%, FIIs 0.1%, DIIs 2.1%, Public 22.8%.Mar '26: Promoters 75.0%, FIIs 0.1%, DIIs 2.1%, Public 22.8%.Jun '26: Promoters 75.0%, FIIs 0.5%, DIIs 3.6%, Public 20.9%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Igarashi Motors India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Agile Electric Sub Assembly Pvt Ltd 54.46%unchanged
Igarashi Electric Works Limited 12.59%unchanged
M S Igarashi Electric Works H.K. Ltd 7.94%unchanged
Kotak Mahindra Trustee Co Ltd A/C Kotak Transportation & Logistics Fund Mutual fund3.06%newly disclosed
Ginni Finance Private Limited —off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Igarashi Motors India Limited

Guides on how to read this kind of business and the numbers that matter.