Tuesday, April 24, 2012

IGARASHI MOTORS INDIA LTD -BACK TO BETTER DAYS ?

CG Igarshi Motors is originally promoted as a joint venture between Crompton Greaves Ltd., Igarashi Electric Works Ltd., Japan and International Components Corporation, USA.But now all these original promoters are out of the court and this company is presently owned by the promoters  of another BSE listed company HBL Power Systems through Agile Electric. Old promoters – Igarshi electric Works – holding just  17 % and re categorized as non promoters.This company is in the production of Permanent Magnet Micromotors and allied components.These type micro motors are used in automobiles, power tools,toys and other household appliances.Company is supplying its products to major customers like Bosch, Delphi, Visteon, Mikuni..etc. Company’s 45% sales is coming from USA,27% from Europe and 28% from Asia region.CGIM also having a joint venture with Bosch India to produce electric motors.With revival in US auto market ,company posted good performance in latest quarter .A favorable change in Rupee value is also helping to earn better margins  through exports.For the quarter ended March ,Company posted a turnover of Rs.74 Cr v/s Rs.52 Cr and a net profit of Rs.6.6 Cr v/s Rs.1 Cr . Chances of re-rating is there  from CMP of Rs. 50/-
Posted by VALUEPICK at 9:41 PM
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25 comments :

  1. AnonymousApril 24, 2012 at 9:48 PM

    hi Valuepick,

    Iam looking for a website (free or paid) where i can set 52 week low alerts for the stocks present in my portfolio. I searched a lot in the google but many sites are giving our custom price triggers but that is not iam looking for. If a stock in my portfolio goes 52 week low, it should alert me via email.


    Please reply if you know any website.

    Thanks,
    Mohan.

    ReplyDelete
  2. Praveen KavoorApril 25, 2012 at 10:29 AM

    stock up 10% ....! is it because your followers?
    sir whts your call on websol energy ?? can we still buy for long term and wait?

    ReplyDelete
  3. VALUEPICKApril 25, 2012 at 11:32 AM

    Not because of my followers,but because of company's better performance in latest quarter.:)

    Regarding Websol,let us wait till some clarity emerges on the CDR program

    ReplyDelete
  4. RishabApril 26, 2012 at 10:02 AM

    bro i have invested good amount of money ..in Haldyn glass ...its a divivend paying co. Cmp 15 ..

    U may not be tracking it bro ..but plz jus take 5 mins ...and have a look and tell me wat should i do ..urgent

    ReplyDelete
  5. VALUEPICKApril 26, 2012 at 1:29 PM

    I have no idea about the quality of the promoters of Haldyn Glass.Is there any special reason to get higher profit margin for this company compared with other peers.?

    ReplyDelete
  6. jitendraApril 26, 2012 at 3:40 PM

    can we buy sah petrolium

    ReplyDelete
    Replies
    1. VALUEPICKApril 26, 2012 at 6:19 PM

      Increasing raw material cost is a real concern

      Delete
  7. KarthickApril 26, 2012 at 3:46 PM

    Hello , 2 years back i bought @ 12 1000 shares of Western India Shipyard.Is it advisable to hold for long term ?

    ReplyDelete
    Replies
    1. VALUEPICKApril 26, 2012 at 6:20 PM

      Not much positive on this sector in short to medium term

      Delete
  8. sathishApril 26, 2012 at 6:29 PM

    sir how about going medium term on voltas, timken india ?...i have invested a good part on voltas at 126 rupees. Please advice

    ReplyDelete
  9. AnonymousApril 26, 2012 at 6:38 PM

    Hello Value Pick. Great report.

    What is your medium-long term(6-15 months) target for IGARASHI MOTORS.?

    Thanks.

    ReplyDelete
  10. VALUEPICKApril 26, 2012 at 7:45 PM

    I am not an expert in Technicals for predicting the target.My views are purely based on fundamentals and in next 15 months there will be 5 quarters to go to assess company's performance .So it is not easy to fix any target, which depends on company's growth going forward.

    ReplyDelete
  11. AnonymousApril 26, 2012 at 10:44 PM

    Hello sir,

    what is ur view on shivam auto - munjal group company at
    5 PE?

    Thanks

    ReplyDelete
    Replies
    1. VALUEPICKApril 28, 2012 at 9:08 PM

      Generally not positive on small companies supplying products to big company belongs to same management.

      Delete
  12. aditya MApril 26, 2012 at 11:35 PM

    superb finding sir
    I missed it due to low cash

    When can we expect ur next gem ?

    Please teach us too

    ReplyDelete
  13. AnonymousApril 27, 2012 at 6:45 AM

    Hi Valuepick

    Any views on Alstom T&D is it good for long term.

    Thanks.
    AJ

    ReplyDelete
  14. kuheliApril 27, 2012 at 8:28 AM

    do you like acropetal tech ltd as an investment bet?

    ReplyDelete
  15. KumarApril 27, 2012 at 2:01 PM

    How about Madhucon projects at CMP sir ?

    ReplyDelete
    Replies
    1. VALUEPICKApril 28, 2012 at 9:10 PM

      Not bad , but the entire sector may under perform in near future.

      Delete
  16. AnonymousApril 27, 2012 at 5:33 PM

    Hi Valuepick,

    can you please share your thoughts about educomp and orchid chem please. Also, is it a good time to invest in opto circuit?

    Thanks!

    ReplyDelete
    Replies
    1. VALUEPICKApril 28, 2012 at 9:11 PM

      Positive on Orchid Chem and opto circuit for long term ,neutral on Educomp

      Delete
  17. Mahender Reddy PulakandlaMarch 14, 2013 at 7:49 AM

    Hello Valuepicker,

    Whats your view on Crompton Greaves? (i searched but didn't find anthing on it). please share your thoughts?

    Thanks
    Mahender

    ReplyDelete

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