Thursday, June 3, 2010

IGARASHI MOTORS - TURN AROUND PERFOMANCE.


 
 
Igarashi Motors is originally promoted jointly by Crompton
Greaves and Igarashi Electric work of Japan as CG Igarashi
Motors .Later the foreign company bought the entire stake
from CG and changed name to the present one(Igarashi Motors).
Company manufactures DC micro motors that find application in
industries like  automobile, power tools, toys , domestic
appliances and office equipments. Most of its income
coming from automobile sector.Company’s plant is located in
Chennai.In automobile sector its products are used for engine
management, exhaust and braking systems.Due to huge foreign
exchange loss and bad shape of automobile industry ,company
posted dismal performance in last year. After that ,now the
company take various steps like loan restructuring ,selling
of some low margin business , re negotiation of product price
with customers ..etc. As a result of all these efforts
company back to profitability in
last qtr of the previous FY with a sale of 45 Cr and a NP of
4 Cr in that qtr.Since the company streamline its products and
customers to avoid loss making business ,its turnover was low
in last qtr. Company’s efforts seems to be paying off especially
at a time of global recovery in auto sector. Historically company
enjoying very high P/E since its listing.Considering
all these points it is a scrip to watch.
Currently it is trading around Rs.60/-

5 comments :

  1. Presently overvalued and run up lot, wait for correction to enter @ 48

    ReplyDelete
  2. SRI ADHIKARI BROTHER SHOWED MOVEMENT...ONCE AGAIN VALUE PICK SHOWED HIS ABILITY TO PICK GOOD SCRIPTS

    ReplyDelete
  3. ANOTHER SE INVESTMENT IN MAKING:

    ARMAN FINANCIAL bse code 531179 seems better choice than Capital Trust.Atleast Arman Financial they have never gone into loss since past many years.I feel recent foray into MFI will bring the company into greater dimension and forthcomming higher NP, thereby, entering into different league like SE Investment.One can steal the opportunity at lower prices and have patience.Management is good and proven.It will go miles after miles.

    ReplyDelete
  4. SHIRPUR GOLD 512289 CODE
    FOR LATEST UPDATE:
    KIRTISCRIPSCAN.NET

    Words nahi hai Thareef karne ke liye, hamara great guru sharma ji, kya bole ga Sacchi Niklega. great. great. great..

    he told only one thing. 100 shares of shirpur in comming years is equivalent to one Mercedes Benz.

    It is true. Shirpur is going to Rock.. Hold it. dont sell it. Its goldmine....

    ReplyDelete
  5. KOPRAN bse code 524280@42/= is a great turnaround story of 2010.Exactly the same happend with LUPIN when it was quoting at 62/= way back in 2002 and looking at the low price I bought the stock in huge quantity.Lupin is now trades at 1900+ ex 1:1 bonus.I feel same thing is happening here with KOPRAN and looks super multibagger from hereon.In fact,it is another LUPIN in making.Good opportunity to grab such stocks and held on for super duper profits.Cheers.

    ReplyDelete

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