Igarashi Motors India Limited (IN:IGARASHI)
:IGARASHI
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Igarashi Motors India Limited
(IGARASHI)
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Rating:52Neutral
Price Target:
₹398.00
▼(-14.00% Downside)
Action:ReiteratedDate:04/16/26
The score is held up by solid financial progress (strong revenue growth and stable leverage) but weighed down by weak valuation (very high P/E and low yield) and mixed technicals (negative MACD and below longer-term moving averages).
Positive Factors
Sustained Revenue Growth
Revenue growth of ~19% in 2025 versus 2024 demonstrates durable demand and successful execution on OEM programs. Sustained top-line expansion supports capacity utilization, spreads fixed costs, and provides a foundation for continued investment in product lines and manufacturing scale over coming quarters.
Negative Factors
Thin Net Margins
A net margin of just 2.87% leaves limited buffer against input cost inflation, pricing pressure, or volume softness. Even with revenue growth, low absolute profitability constrains the company's ability to internally fund growth, absorb shocks, and generate meaningful shareholder returns over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Revenue growth of ~19% in 2025 versus 2024 demonstrates durable demand and successful execution on OEM programs. Sustained top-line expansion supports capacity utilization, spreads fixed costs, and provides a foundation for continued investment in product lines and manufacturing scale over coming quarters.
Read all positive factors
Igarashi Motors India Limited (IGARASHI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹12.07B
Dividend Yield0.57%
Average Volume (3M)6.04K
Price to Earnings (P/E)98.2
Beta (1Y)1.44
Revenue Growth-2.83%
EPS Growth-48.13%
CountryIN
Employees675
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)1.11
Shares Outstanding31,475,048
10 Day Avg. Volume5,433
30 Day Avg. Volume6,038
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)3.30
Price to Sales (P/S)1.83
P/FCF Ratio152.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Igarashi Motors India Limited Business Overview & Revenue Model
Company Description
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, st...
How the Company Makes Money
IGARASHI makes money primarily by manufacturing and selling electric motors and motor sub-assemblies to business customers (B2B), including automotive and other industrial OEMs and component manufacturers. Revenue is generated from (1) sale of fin...
Igarashi Motors India Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
65
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.24B | 8.41B | 7.25B | 6.56B | 5.57B | 5.33B |
| Gross Profit | 2.97B | 2.99B | 2.26B | 2.20B | 1.59B | 1.89B |
| EBITDA | 843.61M | 974.32M | 731.79M | 659.12M | 534.62M | 846.90M |
| Net Income | 152.65M | 241.68M | 95.73M | 52.38M | 11.90M | 256.20M |
Balance Sheet | ||||||
| Total Assets | 8.02B | 7.75B | 7.74B | 7.26B | 6.77B | 7.00B |
| Cash, Cash Equivalents and Short-Term Investments | 77.95M | 198.53M | 196.79M | 219.46M | 263.08M | 147.75M |
| Total Debt | 1.43B | 1.51B | 1.38B | 1.21B | 1.00B | 951.23M |
| Total Liabilities | 3.37B | 3.09B | 3.27B | 2.87B | 2.38B | 2.60B |
| Stockholders Equity | 4.65B | 4.66B | 4.47B | 4.40B | 4.38B | 4.39B |
Cash Flow | ||||||
| Free Cash Flow | 112.89M | 100.93M | -33.75M | -20.07M | 365.87M | 267.31M |
| Operating Cash Flow | 461.47M | 938.19M | 503.43M | 340.34M | 727.67M | 406.49M |
| Investing Cash Flow | -196.46M | -900.55M | -511.91M | -316.10M | -545.76M | 59.51M |
| Financing Cash Flow | -231.59M | -50.65M | 1.12M | -35.60M | -237.06M | -378.37M |
Igarashi Motors India Limited Technical Analysis
Positive
462.80
Price Trends
342.79
Positive
385.55
Negative
453.26
Negative
Market Momentum
1.20
Negative
60.22
Neutral
63.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IGARASHI, the sentiment is Positive. The current price of 462.8 is above the 20-day moving average (MA) of 312.54, above the 50-day MA of 342.79, and above the 200-day MA of 453.26, indicating a neutral trend. The MACD of 1.20 indicates Negative momentum. The RSI at 60.22 is Neutral, neither overbought nor oversold. The STOCH value of 63.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:IGARASHI.
Igarashi Motors India Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹18.34B | 10.02 | ― | 0.95% | -5.76% | 13.41% | |
72 Outperform | ₹19.77B | 15.60 | ― | 0.32% | 1.88% | -15.78% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ₹11.81B | 378.45 | ― | 0.74% | -10.44% | -53.46% | |
60 Neutral | ₹15.82B | -9.62 | ― | 2.97% | 46.40% | -85.32% | |
58 Neutral | ₹18.06B | 18.47 | ― | 1.57% | 24.30% | 29.97% | |
52 Neutral | ₹12.07B | 98.19 | ― | 0.57% | -2.83% | -48.13% |
* Consumer Cyclical Sector Average
IN:IGARASHI
Igarashi Motors India Limited
387.45
-70.55
-15.40%
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Igarashi Motors India Limited Corporate Events
Igarashi Motors Alerts Shareholders on KYC Drive, Special Demat Window and Imminent IEPF Transfers
Apr 27, 2026
Igarashi Motors India Limited has announced that it has published shareholder notices in leading English and Tamil newspapers in compliance with SEBI listing regulations, detailing initiatives around investor communication, KYC updates, and regula...
Igarashi Motors Promoter Confirms No Share Encumbrance for FY 2026
Apr 2, 2026
Agile Electric Sub Assembly Private Limited, part of the promoter group of Igarashi Motors India Limited and holder of 54.46% of its equity shares, has notified the stock exchanges about its shareholding status for the financial year ended 31 Marc...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.