Igarashi Motors India Ltd
Igarashi Motors India Ltd (IGARASHI)

Igarashi Motors India Ltd (IGARASHI)

₹329.651.55%

Key Stats

₹324.15
Day's Price Range
₹330.05
₹249.5
52-Week Price Range
₹613.95
1 Month Return13.75 %
3 Month Return5.06 %
1 Year Return-33.71 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 458
EPS
Rank 463
BVPS
Rank 233
₹49.97
Dividend Yield
Rank 118
0.82%
ROE
Rank 328
5.94%
Price To Book Ratio
6.49
Debt To Asset
Rank 241
0.61

Company Information

CG Igarashi Motors CIM incorporated in Jan.92 was promoted by Crompton Greaves CGL Igarashi Electric Works IEW Japan and International Components Corporation ICC US. CIM manufactures permanent magnet micrometers. The company has technical collaborations with IEW and ICC for technology transfer and sourcing of all critical plant and equipment. CIM also has a marketing arrangement with ICC under which ICC will purchase five mln micrometers pa from CIM. CIM plans to venture into highvolume subcontracting for enduser multinational companies.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 WorksHK ltd have acquired 3099993 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.
OrganisationIgarashi Motors India Ltd
HeadquartersChennai
IndustryAuto Ancillaries