Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Igarashi Motors India Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 172.93 | 168.25 | 178.44 | 173.75 | 204.60 | 222.07 | 216.07 | 210.80 | 189.47 | 204.71 | 219.14 | 216.09 | 225.97 |
| Expenses + | 151.06 | 152.04 | 161.11 | 156.46 | 182.16 | 196.75 | 189.79 | 187.06 | 169.76 | 185.10 | 195.67 | 195.69 | 206.70 |
| Operating Profit | 21.87 | 16.21 | 17.33 | 17.29 | 22.44 | 25.32 | 26.28 | 23.74 | 19.71 | 19.61 | 23.47 | 20.40 | 19.27 |
| OPM % | 12.65% | 9.63% | 9.71% | 9.95% | 10.97% | 11.40% | 12.16% | 11.26% | 10.40% | 9.58% | 10.71% | 9.44% | 8.53% |
| Other Income + | 3.33 | 0.90 | 0.46 | 0.73 | 0.34 | 1.37 | 0.33 | 0.37 | 0.31 | 0.80 | 0.14 | 0.08 | 0.75 |
| Interest | 3.18 | 3.07 | 3.38 | 3.51 | 2.78 | 3.38 | 3.55 | 3.83 | 2.63 | 3.17 | 3.26 | 2.09 | 2.48 |
| Depreciation | 11.94 | 12.12 | 12.41 | 12.41 | 12.13 | 12.39 | 12.64 | 13.12 | 13.39 | 13.87 | 14.18 | 14.17 | 14.78 |
| Profit before tax | 10.08 | 1.92 | 2.00 | 2.10 | 7.87 | 10.92 | 10.42 | 7.16 | 4.00 | 3.37 | 6.17 | 4.22 | 2.76 |
| Tax % | 24.31% | 26.04% | 27.00% | 25.71% | 34.69% | 25.27% | 25.34% | 28.07% | 23.50% | 25.22% | 26.58% | 17.06% | 42.03% |
| Net Profit + | 7.63 | 1.43 | 1.46 | 1.56 | 5.14 | 8.16 | 7.79 | 5.16 | 3.06 | 2.51 | 4.54 | 3.50 | 1.59 |
| EPS in Rs | 2.42 | 0.45 | 0.46 | 0.50 | 1.63 | 2.59 | 2.47 | 1.64 | 0.97 | 0.80 | 1.44 | 1.11 | 0.51 |
Financials of Igarashi Motors India Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 385 | 445 | 516 | 671 | 606 | 534 | 533 | 556 | 656 | 725 | 838 | 866 |
| Expenses + | 305 | 337 | 394 | 513 | 490 | 456 | 458 | 509 | 595 | 650 | 743 | 783 |
| Operating Profit | 80 | 108 | 122 | 158 | 117 | 78 | 74 | 47 | 61 | 75 | 96 | 83 |
| OPM % | 21% | 24% | 24% | 24% | 19% | 15% | 14% | 8% | 9% | 10% | 11% | 10% |
| Other Income + | 17 | 14 | 17 | 34 | 25 | 12 | 10 | 7 | 8 | 2 | 2 | 2 |
| Interest | 7 | 6 | 4 | 13 | 16 | 15 | 7 | 7 | 13 | 13 | 14 | 11 |
| Depreciation | 19 | 19 | 22 | 38 | 40 | 43 | 45 | 44 | 47 | 49 | 52 | 57 |
| Profit before tax | 72 | 97 | 114 | 141 | 86 | 32 | 32 | 2 | 9 | 14 | 33 | 17 |
| Tax % | 32% | 35% | 34% | 32% | 33% | 8% | 21% | 48% | 42% | 31% | 26% | 26% |
| Net Profit + | 49 | 64 | 75 | 95 | 57 | 30 | 26 | 1 | 5 | 10 | 24 | 12 |
| EPS in Rs | 14.23 | 18.50 | 21.90 | 27.69 | 18.24 | 9.50 | 8.14 | 0.38 | 1.66 | 3.04 | 7.68 | 3.86 |
| Dividend Payout % | 28% | 26% | 27% | 19% | 27% | 13% | 18% | -0% | 60% | 33% | 33% | 34% |
Financials of Igarashi Motors India Ltd
Capital structure and asset base
| 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 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 220 | 264 | 335 | 368 | 398 | 391 | 408 | 407 | 408 | 416 | 434 | 435 |
| Borrowings + | 58 | 44 | 22 | 140 | 118 | 124 | 95 | 100 | 121 | 138 | 151 | 145 |
| Other Liabilities + | 132 | 133 | 117 | 266 | 122 | 126 | 165 | 138 | 166 | 189 | 158 | 223 |
| Total Liabilities | 440 | 471 | 504 | 805 | 670 | 673 | 700 | 677 | 726 | 774 | 775 | 834 |
| Fixed Assets + | 121 | 138 | 158 | 320 | 383 | 394 | 370 | 378 | 379 | 366 | 391 | 415 |
| CWIP | 1 | 12 | 3 | 44 | 23 | 11 | 10 | 11 | 13 | 35 | 43 | 50 |
| Investments | 26 | 34 | 174 | 50 | 34 | 28 | 1 | 21 | 17 | 16 | 17 | 1 |
| Other Assets + | 292 | 288 | 169 | 391 | 231 | 240 | 320 | 267 | 318 | 357 | 323 | 367 |
| Total Assets | 440 | 471 | 504 | 805 | 670 | 673 | 700 | 677 | 726 | 774 | 775 | 834 |
Financials of Igarashi Motors India Ltd
Operating, investing and financing cash movement
| 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 | 64 | 82 | 94 | 164 | 90 | 41 | 73 | 34 | 50 | 94 | 94 |
| Cash from Investing Activity + | -14 | 20 | -159 | -69 | -104 | -41 | 6 | -55 | -32 | -51 | -90 | -63 |
| Cash from Financing Activity + | -6 | -49 | -29 | -27 | -59 | -49 | -38 | -24 | -4 | 0 | -5 | -30 |
| Net Cash Flow | 39 | 34 | -106 | -1 | 0 | 0 | 9 | -6 | -1 | -1 | -1 | 0 |
| Free Cash Flow | 39 | 22 | 48 | -14 | 84 | 56 | 27 | 37 | -2 | -3 | 4 | 14 |
| CFO/OP | 102% | 89% | 96% | 86% | 162% | 130% | 54% | 169% | 53% | 73% | 109% | 113% |
Financials of Igarashi Motors India Ltd
Working capital efficiency and return ratios
| 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 | 20 | 24 | 17 | 61 | 66 | 69 | 91 | 77 | 94 | 87 | 76 | 61 |
| Working Capital Days | 56 | 12 | 26 | -40 | 23 | 20 | 53 | 43 | 41 | 40 | 19 | 12 |
| ROCE % | 27% | 32% | 32% | 33% | 19% | 9% | 7% | 2% | 4% | 5% | 8% | 4% |