Igarashi Motors India Limited (IGARASHI) - Net Assets
Based on the latest financial reports, Igarashi Motors India Limited (IGARASHI) has net assets worth Rs4.65 Billion INR (≈ $50.26 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs8.02 Billion ≈ $86.72 Million USD) and total liabilities (Rs3.37 Billion ≈ $36.46 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Igarashi Motors India Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs4.65 Billion |
| % of Total Assets | 57.96% |
| Annual Growth Rate | 10.2% |
| 5-Year Change | 5.97% |
| 10-Year Change | 58.13% |
| Growth Volatility | 28.51 |
Igarashi Motors India Limited - Net Assets Trend (2006–2025)
This chart illustrates how Igarashi Motors India Limited's net assets have evolved over time, based on quarterly financial data. Also explore IGARASHI current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Igarashi Motors India Limited (2006–2025)
The table below shows the annual net assets of Igarashi Motors India Limited from 2006 to 2025. For live valuation and market cap data, see Igarashi Motors India Limited stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs4.66 Billion ≈ $50.35 Million |
+4.15% |
| 2024-03-31 | Rs4.47 Billion ≈ $48.34 Million |
+1.70% |
| 2023-03-31 | Rs4.40 Billion ≈ $47.53 Million |
+0.29% |
| 2022-03-31 | Rs4.38 Billion ≈ $47.40 Million |
-0.24% |
| 2021-03-31 | Rs4.39 Billion ≈ $47.51 Million |
+3.89% |
| 2020-03-31 | Rs4.23 Billion ≈ $45.73 Million |
-1.57% |
| 2019-03-31 | Rs4.30 Billion ≈ $46.46 Million |
+4.50% |
| 2018-03-31 | Rs4.11 Billion ≈ $44.46 Million |
+10.99% |
| 2017-03-31 | Rs3.70 Billion ≈ $40.05 Million |
+25.79% |
| 2016-03-31 | Rs2.94 Billion ≈ $31.84 Million |
+17.32% |
| 2015-03-31 | Rs2.51 Billion ≈ $27.14 Million |
+14.45% |
| 2014-03-31 | Rs2.19 Billion ≈ $23.71 Million |
+78.65% |
| 2013-03-31 | Rs1.23 Billion ≈ $13.27 Million |
+21.26% |
| 2012-03-31 | Rs1.01 Billion ≈ $10.95 Million |
-1.38% |
| 2011-03-31 | Rs1.03 Billion ≈ $11.10 Million |
+96.55% |
| 2010-03-31 | Rs522.14 Million ≈ $5.65 Million |
0.00% |
| 2009-03-31 | Rs522.14 Million ≈ $5.65 Million |
-37.05% |
| 2008-03-31 | Rs829.42 Million ≈ $8.97 Million |
+9.49% |
| 2007-03-31 | Rs757.50 Million ≈ $8.19 Million |
+3.07% |
| 2006-03-31 | Rs734.93 Million ≈ $7.95 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Igarashi Motors India Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 295208200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs2.95 Billion | 63.41% |
| Common Stock | Rs314.75 Million | 6.76% |
| Other Comprehensive Income | Rs45.45 Million | 0.98% |
| Other Components | Rs1.34 Billion | 28.85% |
| Total Equity | Rs4.66 Billion | 100.00% |
Igarashi Motors India Limited Competitors by Market Cap
The table below lists competitors of Igarashi Motors India Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bisi International Tbk
JK:BISI
|
$131.84 Million |
|
Graphene Manufacturing Group Ltd
V:GMG
|
$131.90 Million |
|
SHL Consolidated Bhd
KLSE:6017
|
$131.91 Million |
|
OBI Pharma
TWO:4174
|
$131.94 Million |
|
Ambra SA
WAR:AMB
|
$131.81 Million |
|
Wise plc
LSE:WISE
|
$131.78 Million |
|
HMA AGRO INDUSTRIES ORD (BSE)
NSE:HMAAGRO
|
$131.76 Million |
|
Red Star Macalline Group Corporation Ltd
F:3S5
|
$131.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Igarashi Motors India Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,469,874,000 to 4,655,512,000, a change of 185,638,000 (4.2%).
- Net income of 241,683,000 contributed positively to equity growth.
- Dividend payments of 31,475,000 reduced retained earnings.
- Other comprehensive income decreased equity by 3,015,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs241.68 Million | +5.19% |
| Dividends Paid | Rs31.48 Million | -0.68% |
| Other Comprehensive Income | Rs-3.02 Million | -0.06% |
| Other Changes | Rs-21.55 Million | -0.46% |
| Total Change | Rs- | 4.15% |
Book Value vs Market Value Analysis
This analysis compares Igarashi Motors India Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.62x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 8.23x to 2.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | Rs47.04 | Rs387.30 | x |
| 2007-03-31 | Rs48.58 | Rs387.30 | x |
| 2008-03-31 | Rs53.20 | Rs387.30 | x |
| 2009-03-31 | Rs33.49 | Rs387.30 | x |
| 2010-03-31 | Rs33.49 | Rs387.30 | x |
| 2011-03-31 | Rs44.82 | Rs387.30 | x |
| 2012-03-31 | Rs44.11 | Rs387.30 | x |
| 2013-03-31 | Rs52.42 | Rs387.30 | x |
| 2014-03-31 | Rs85.16 | Rs387.30 | x |
| 2015-03-31 | Rs73.02 | Rs387.30 | x |
| 2016-03-31 | Rs85.59 | Rs387.30 | x |
| 2017-03-31 | Rs107.67 | Rs387.30 | x |
| 2018-03-31 | Rs130.60 | Rs387.30 | x |
| 2019-03-31 | Rs136.48 | Rs387.30 | x |
| 2020-03-31 | Rs134.34 | Rs387.30 | x |
| 2021-03-31 | Rs139.58 | Rs387.30 | x |
| 2022-03-31 | Rs139.25 | Rs387.30 | x |
| 2023-03-31 | Rs139.64 | Rs387.30 | x |
| 2024-03-31 | Rs142.01 | Rs387.30 | x |
| 2025-03-31 | Rs147.94 | Rs387.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Igarashi Motors India Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.19%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.87%
- • Asset Turnover: 1.08x
- • Equity Multiplier: 1.66x
- Recent ROE (5.19%) is above the historical average (4.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 1.64% | 0.68% | 0.94x | 2.57x | Rs-60.88 Million |
| 2007 | 8.02% | 2.47% | 1.13x | 2.88x | Rs-15.00 Million |
| 2008 | 11.61% | 3.51% | 0.92x | 3.61x | Rs13.33 Million |
| 2009 | -115.46% | -23.38% | 1.22x | 4.03x | Rs-655.09 Million |
| 2010 | 5.22% | 1.72% | 0.87x | 3.51x | Rs-24.94 Million |
| 2011 | 7.39% | 3.85% | 0.88x | 2.18x | Rs-26.79 Million |
| 2012 | 16.34% | 6.16% | 1.08x | 2.45x | Rs64.20 Million |
| 2013 | 17.40% | 7.34% | 1.08x | 2.20x | Rs90.82 Million |
| 2014 | 21.04% | 12.77% | 1.00x | 1.64x | Rs242.17 Million |
| 2015 | 19.51% | 12.71% | 0.87x | 1.75x | Rs238.56 Million |
| 2016 | 21.62% | 14.30% | 0.94x | 1.60x | Rs342.00 Million |
| 2017 | 19.92% | 14.52% | 0.94x | 1.46x | Rs367.35 Million |
| 2018 | 16.12% | 14.80% | 0.83x | 1.32x | Rs251.67 Million |
| 2019 | 13.37% | 9.68% | 0.88x | 1.56x | Rs144.56 Million |
| 2020 | 7.07% | 5.71% | 0.78x | 1.59x | Rs-123.77 Million |
| 2021 | 5.83% | 4.81% | 0.76x | 1.59x | Rs-183.11 Million |
| 2022 | 0.27% | 0.21% | 0.82x | 1.54x | Rs-426.38 Million |
| 2023 | 1.19% | 0.80% | 0.90x | 1.65x | Rs-387.16 Million |
| 2024 | 2.14% | 1.32% | 0.94x | 1.73x | Rs-351.26 Million |
| 2025 | 5.19% | 2.87% | 1.08x | 1.66x | Rs-223.87 Million |
Industry Comparison
This section compares Igarashi Motors India Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $20,558,196,000
- Average return on equity (ROE) among peers: 17.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Igarashi Motors India Limited (IGARASHI) | Rs4.65 Billion | 1.64% | 0.73x | $131.83 Million |
| Asahi India Glass Limited (ASAHIINDIA) | $12.88 Billion | 11.93% | 2.00x | $2.31 Billion |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $10.43 Billion | 23.74% | 0.84x | $937.98 Million |
| Balkrishna Industries Limited (BALKRISIND) | $50.08 Billion | 19.16% | 0.36x | $4.52 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $9.82 Billion | 15.53% | 0.56x | $956.83 Million |
| Bharat Gears Limited (BHARATGEAR) | $393.44 Million | 22.33% | 3.35x | $17.81 Million |
| Bosch Limited (BOSCHLTD) | $47.28 Billion | 23.74% | 0.51x | $11.48 Billion |
| CEAT Limited (CEATLTD) | $5.13 Billion | 28.95% | 2.06x | $1.50 Billion |
| CIE Automotive India Limited (CIEINDIA) | $49.08 Billion | 2.17% | 0.94x | $1.94 Billion |
| Craftsman Automation Limited (CRAFTSMAN) | $17.52 Billion | 17.38% | 1.69x | $1.98 Billion |
| Divgi Torqtransfer Systems Limited (DIVGIITTS) | $2.96 Billion | 12.86% | 0.23x | $238.35 Million |
About Igarashi Motors India Limited
Igarashi Motors India Limited manufactures and sells electric micro motors and motor components in India, the United States, Japan, Germany, Hong Kong, and internationally. The company operates through two segments, Automotive and Non-automotive. Its products include ceiling fans; and electrical, general purpose, and special purpose machinery and equipment. The company was formerly known as CG Ig… Read more