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Igarashi Motors Ltd.

BSE: 517380 | NSE: IGARASHI | Series: NA | ISIN: INE188B01013 | SECTOR: Electric Equipment

BSE Live

Oct 16, 16:00
286.30 12.60 (4.60%)
Volume
AVERAGE VOLUME
5-Day
2,800
10-Day
2,248
30-Day
4,090
6,960
  • Prev. Close

    273.70

  • Open Price

    275.30

  • Bid Price (Qty.)

    286.30 (136)

  • Offer Price (Qty.)

    285.00 (10)

NSE Live

Oct 16, 15:56
286.30 12.60 (4.60%)
Volume
AVERAGE VOLUME
5-Day
22,828
10-Day
22,225
30-Day
48,933
34,296
  • Prev. Close

    273.70

  • Open Price

    274.15

  • Bid Price (Qty.)

    286.30 (133)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2016 2011 2010 2009 2008 2007

Chairman's Speech

Dear Shareholders, With immense happiness and pride, I would like to mention that FY16 has been the best ever year for your Company since inception. This has been possible due to growing confidence of customers, focused technology & product development, proactive & energetic people engagement and sound financial management. This is strongly backed by the re-entry of Igarashi, Japan as Promoter during the year, with a significant investment to buy the shareholding from Blackstone in the Holding Company. During the tenure of Blackstone, they have played a vital role in improving all aspects of your Company''s performance along with the team. I express sincere gratitude to the Blackstone team for the strong backing of your Company. Your Company continues to add products and customers in the Automotive Torque Actuator Motor space in Power Train applications, arising out of the growing demand for such products in the Market. Together with Igarashi Global infrastructure, your Company continues to work on electric motors for new applications which is growing at more than twice the rate of vehicle growth. Over the last five years, your Company''s team has endeavored to continuously improve manufacturing engineering and operational performance improvement which is evidenced in the financial performance improvement over the last five years. I would like you to join me in complimenting your Company''s team and Igarashi for creating a business model to drive towards being the lowest cost producer in the world in the chosen niche application. This is well recognized by the Global Tier-1 Customers and with the re-entry of Igarashi, Japan as Promoter Shareholder in the Company, larger opportunities are being addressed by customers. I remain as always, grateful to you our dear shareholders for continued patience and confidence in the Company. I am very happy to announce that this has been well rewarded by the highest dividend paid so far since the beginning. I continue to believe that there is much more value in the business opportunities being prospected in the future. Yours sincerely K K Nohria Chairman