Igarashi Motors India Limited has recommended a final dividend of ₹1.30 per equity share for the financial year ended March 31, 2026, as approved by its Board of Directors on May 21, 2026. The announcement coincides with the company's submission of its June 2026 quarterly financial results to the NSE on August 6, 2026.
Dividend Details
- FY26 Final Dividend: ₹1.30 per share (face value ₹10)
- FY25 Final Dividend: ₹2.50 per share
- Year-on-Year Change: A decline of 48% compared to the previous year's payout
- The dividend will be paid to shareholders whose names appear on the register of members as of the record date, which has not yet been separately announced
Dividend History and Trend Analysis
Igarashi Motors has maintained an annual final dividend practice consistently, but the payout trajectory reveals significant volatility over the past decade. The company reached its highest dividend of ₹6.61 per share in FY17, followed by ₹6.00 in FY18 and ₹4.90 in FY19. Payouts then contracted sharply through the pandemic years, with ₹1.20 in FY20, ₹1.50 in FY21, and ₹1.00 each in FY23 and FY24. FY25 showed a recovery to ₹2.50, but the FY26 figure of ₹1.30 reverses that partial rebound.
- FY17: ₹6.61 per share
- FY18: ₹6.00 per share
- FY19: ₹4.90 per share
- FY20: ₹1.20 per share
- FY21: ₹1.50 per share
- FY23: ₹1.00 per share
- FY24: ₹1.00 per share
- FY25: ₹2.50 per share
- FY26: ₹1.30 per share
The data indicates that Igarashi Motors has not returned to the dividend levels seen in FY17-FY19, and the FY26 payout is among the lowest in its recent history, suggesting ongoing caution in capital distribution.
Market Context
As of the time of this report, the NSE trade data feed for IGARASHI returned no live quote. Based on available historical price references, the stock has traded in a wide band over the past year. Without a confirmed current market price, a precise dividend yield calculation cannot be stated. Investors are advised to compute yield as (₹1.30 divided by the prevailing market price, multiplied by 100) to arrive at the applicable percentage return on dividend income alone. Given the stock's historically wide 52-week trading range typical of mid-and-small-cap auto component counters, the yield will vary materially depending on the entry price.
Company Background
Igarashi Motors India Limited, listed on the NSE under the symbol IGARASHI with ISIN INE188B01013, is a manufacturer of DC motors and motor sub-assemblies primarily catering to the automotive sector. The company is a subsidiary of Igarashi Electric Works of Japan and supplies components to passenger vehicle original equipment manufacturers. Its financials are therefore closely tied to domestic automobile production volumes and export demand.
What This Means for Investors
The 48% reduction in the final dividend from FY25 to FY26 is a material data point for income-focused investors tracking this counter. The June 2026 quarterly results, now submitted to the exchange, will provide further clarity on whether the lower payout reflects pressure on earnings, a strategic decision to retain cash for capital expenditure, or a broader reassessment of the company's distribution policy. Investors should cross-reference the dividend payout ratio against reported net profit for FY26 once full annual financials are disclosed to assess the sustainability of future payouts.