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Commentary (9 May 2024 @ 03:52):

Igarashi Motors India Limited manufactures and sells electric micro motors and its accessories for the automotive sector in India, the United States, Japan, Germany, Hong Kong, and internationally...

Stats
Today's Volume	24 835.00
Average Volume	94 322.00
Market Cap	15.54B
EPS	INR0 ( 2024-02-08 )
Next earnings date	( INR0 ) 2024-05-22
Last Dividend	INR1.000 ( 2023-07-31 )
Next Dividend	INR0 ( N/A )
P/E	129.62
ATR14	INR0.601 (0.12%)

Volume Correlation

Long: 0.04 (neutral)

Short: -0.52 (weak negative)

Signal:(31.6) Neutral

Igarashi Motors India Correlation

10 Most Positive Correlations
LUPIN.NS	0.908
MATRIMONY.NS	0.893
MAHLOG.NS	0.882
ESTER.NS	0.882
DELPHIFX.NS	0.878
INDTERRAIN.NS	0.873
JBFIND.NS	0.872
GATI.NS	0.871
SHAILY.NS	0.869
HONAUT.NS	0.869

10 Most Negative Correlations
4THDIM.NS	-0.862
PGEL.NS	-0.855
JINDALSAW.NS	-0.853
CIGNITITEC.NS	-0.851
BLUESTARCO.NS	-0.842
CLSEL.NS	-0.84
KIRLFER.NS	-0.836
ISMTLTD.NS	-0.836
SIEMENS.NS	-0.831
CUMMINSIND.NS	-0.827

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Igarashi Motors India Correlation - Currency/Commodity

0.55
( weak )

0.02
( neutral )

0.69
( moderate )

-0.61
( weak negative )

-0.74
( moderate negative )

-0.05
( neutral )

Igarashi Motors India Financials

Annual	2022
Revenue:	INR6.56B
Gross Profit:	INR2.20B (33.53 %)
EPS:	INR1.660

FY	2022
Revenue:	INR6.56B
Gross Profit:	INR2.20B (33.53 %)
EPS:	INR1.660

FY	2022
Revenue:	INR5.40B
Gross Profit:	INR1.59B (29.51 %)
EPS:	INR0.380

FY	2021
Revenue:	INR5.20B
Gross Profit:	INR1.89B (36.27 %)
EPS:	INR8.14

Financial Reports:

No articles found.

Igarashi Motors India Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR1.000 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Igarashi Motors India Dividend Information - Dividend Junior

Dividend Sustainability Score: 1.845 - low (50.00%) | Divividend Growth Potential Score: 3.54 - Decrease likely (29.23%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR1.068	2004-07-15
Last Dividend	INR1.000	2023-07-31
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	17	--
Total Paid Out	INR42.64	--
Avg. Dividend % Per Year	0.14%	--
Score	1.54	--
Div. Sustainability Score	1.845
Div.Growth Potential Score	3.54
Div. Directional Score	2.69	--

Next Divdend (Est)
(2024-10-17)

INR0.581 Estimate 2.99 %

Dividend Stability

0.24 Very Poor

Dividend Score

1.54

Pay Frequency

Annually

Yearly Payout

Year	Amount	Yield
2004	INR0	0.00%
2005	INR0	0.00%
2006	INR0	0.00%
2007	INR0	0.00%
2008	INR0	0.00%
2009	INR0	0.00%
2010	INR0	0.00%
2011	INR0	0.00%
2012	INR0	0.00%
2013	INR0	0.00%
2014	INR0	0.00%
2015	INR0	0.00%
2016	INR0	0.00%
2017	INR0	0.00%
2018	INR5.34	0.72%
2019	INR9.80	1.73%
2020	INR1.200	0.32%
2021	INR1.500	0.44%
2022	INR0	0.00%
2023	INR1.000	0.24%
2024	INR0	0.00%

Dividend Commentary

The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

Top 10 dividend Companies for NSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
SSWL.NS	Dividend Junior	2023-08-14	Annually	20	0.30%
MRF.NS	Dividend Knight	2023-07-20	Semi-Annually	23	0.11%
HGINFRA.NS	Dividend Junior	2023-08-14	Sporadic	7	0.13%
BLISSGVS.NS	Dividend Junior	2023-07-12	Annually	15	0.46%
RECLTD.NS	Dividend King	2023-08-14	Quarterly	17	6.82%
KOVAI.NS	Dividend Junior	2023-08-10	Annually	4	0.17%
EXIDEIND.NS	Dividend Junior	2023-08-01	Annually	22	0.76%
AMIORG.NS	Dividend Junior	2023-09-18	Annually	3	0.15%
TASTYBITE.NS	Dividend Junior	2023-07-14	Annually	8	0.01%
NGIL.NS	No Dividend Player	2023-09-21	Annually	4	0.08%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0174	1.500	9.65	10.00	[0 - 0.5]
returnOnAssetsTTM	0	1.200	0	0	[0 - 0.3]
returnOnEquityTTM	0.0274	1.500	-0.806	-1.209	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	0	0.800	-5.00	-4.00	[1 - 3]
quickRatioTTM	0	0.800	-4.71	-3.76	[0.8 - 2.5]
cashRatioTTM	0	1.500	-1.111	-1.667	[0.2 - 2]
debtRatioTTM	0	-1.500	0	0	[0 - 0.6]
interestCoverageTTM	2.10	1.000	-0.333	-0.333	[3 - 30]
operatingCashFlowPerShareTTM	31.07	2.00	10.00	10.00	[0 - 30]
freeCashFlowPerShareTTM	31.07	2.00	10.00	10.00	[0 - 20]
debtEquityRatioTTM	0	-1.500	0	0	[0 - 2.5]
grossProfitMarginTTM	0.296	1.000	8.41	8.41	[0.2 - 0.8]
operatingProfitMarginTTM	0.0398	1.000	-1.204	-1.204	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0	1.000	-1.111	-1.111	[0.2 - 2]
assetTurnoverTTM	0	0.800	-3.33	-2.67	[0.5 - 2]
Total Score				1.845

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	134.07	1.000	10.00	0	[1 - 100]
returnOnEquityTTM	0.0274	2.50	-0.518	-1.209	[0.1 - 1.5]
freeCashFlowPerShareTTM	31.07	2.00	10.00	10.00	[0 - 30]
dividendYielPercentageTTM	0.195	1.500	5.14	0	[0 - 0.4]
operatingCashFlowPerShareTTM	31.07	2.00	10.00	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	-1.406	1.500	-10.00	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.141	1.000	8.97	0	[0.1 - 0.5]
Total Score				3.54

Igarashi Motors India

Igarashi Motors India Limited manufactures and sells electric micro motors and its accessories for the automotive sector in India, the United States, Japan, Germany, Hong Kong, and internationally. Its products include electric DC micro motors, stamping and motor components, and printed circuit boards. The company was formerly known as CG Igarashi Motors Limited and changed its name to Igarashi Motors India Limited in July 2003. The company was incorporated in 1992 and is based in Chennai, India. Igarashi Motors India Limited operates as a subsidiary of Agile Electric Sub Assembly Private Limited.