Igarashi Motors India Limited (IGARASHI) AI Stock Analysis

• Market Cap: ₹15.55B
• Dividend Yield: 0.52%
• Average Volume (3M): 6.04K
• Price to Earnings (P/E): 83.9
• Beta (1Y): 1.32
• Revenue Growth: 0.94%
• EPS Growth: -32.59%
• Country: IN
• Employees: 675
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 1.44
• Shares Outstanding: 31,475,048
• 10 Day Avg. Volume: 5,433
• 30 Day Avg. Volume: 6,038
• PEG Ratio: 0.42
• Price to Book (P/B): 3.30
• Price to Sales (P/S): 1.83
• P/FCF Ratio: 152.40
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: ₹472.00 ▼(-0.76% Downside)

Igarashi Motors India Limited's stock score is primarily influenced by its strong financial foundation and revenue growth. However, the technical indicators suggest bearish momentum, and the high P/E ratio indicates overvaluation. The lack of earnings call data and corporate events further limits the score.

Positive Factors

Revenue Growth

The company's significant revenue growth indicates a strong market position and demand for its products, supporting long-term business expansion.

Operational Efficiency

Improved operational efficiency suggests better cost management and productivity, enhancing the company's ability to sustain profitability.

Financial Stability

A moderate debt-to-equity ratio indicates financial stability, providing the company with flexibility to invest in growth opportunities.

Negative Factors

Profitability Challenges

Decreased net profit margins highlight potential issues in managing costs or pricing, which could affect long-term profitability.

Cash Flow Sustainability

Low free cash flow to net income ratio may limit the company's ability to fund operations and growth without external financing.

Return on Equity

Low return on equity indicates inefficiencies in using shareholders' funds to generate profits, potentially impacting investor confidence.

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, stamping and motor components, and printed circuit boards. The company was formerly known as CG Igarashi Motors Limited and changed its name to Igarashi Motors India Limited in July 2003. The company was incorporated in 1992 and is based in Chennai, India. Igarashi Motors India Limited operates as a subsidiary of Agile Electric Sub Assembly Private Limited.

How the Company Makes Money

IGARASHI generates revenue primarily through the manufacturing and sale of electric motors and related components to various sectors, including the automotive industry, home appliances, and industrial applications. The company's revenue model is based on direct sales to original equipment manufacturers (OEMs) and suppliers, often involving long-term contracts and partnerships that ensure consistent demand for their products. Key revenue streams include the sale of standard and customized motor solutions, as well as after-sales services and support. Additionally, IGARASHI may benefit from economies of scale and cost efficiencies in production, further enhancing its profitability. Strategic partnerships with major automotive and industrial players also contribute to its earnings, allowing the company to secure a stable market position and expand its reach.

Igarashi Motors India Limited Financial Statement Overview

Summary

Igarashi Motors India Limited shows strong revenue growth and improving operational margins. However, challenges in profitability and cash flow generation persist, with a moderate debt-to-equity ratio indicating financial stability.

Income Statement

Igarashi Motors India Limited has shown strong revenue growth over the years, with nearly a 19% increase in 2025 compared to 2024. The company maintains a solid gross profit margin but faced a drop in net profit margin to 2.87% in 2025, indicating some challenges in cost management or pricing pressure. EBIT and EBITDA margins have slightly improved, reflecting operational efficiency gains.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 0.33, suggesting a balanced approach to leverage. The equity ratio remains robust, indicating financial stability. However, the return on equity is relatively low at 5.19%, suggesting room for improvement in generating returns from shareholders’ equity.

Cash Flow

Cash flow analysis shows a strong recovery in free cash flow in 2025, which is a positive indicator. The operating cash flow to net income ratio is healthy, demonstrating effective conversion of net income into cash flow. However, the free cash flow to net income ratio is low, indicating potential challenges in sustaining free cash flow levels.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.21B	8.41B	7.25B	6.56B	5.57B	5.33B
Gross Profit	2.94B	2.99B	2.26B	2.20B	1.59B	1.89B
EBITDA	873.67M	974.32M	731.79M	659.12M	534.62M	846.90M
Net Income	185.18M	241.68M	95.73M	52.38M	11.90M	256.20M
Balance Sheet
Total Assets	0.00	7.75B	7.74B	7.26B	6.77B	7.00B
Cash, Cash Equivalents and Short-Term Investments	195.81M	198.53M	196.79M	219.46M	263.08M	147.75M
Total Debt	0.00	1.51B	1.38B	1.21B	1.00B	951.23M
Total Liabilities	-4.66B	3.09B	3.27B	2.87B	2.38B	2.60B
Stockholders Equity	4.66B	4.66B	4.47B	4.40B	4.38B	4.39B
Cash Flow
Free Cash Flow	0.00	100.93M	-33.75M	-20.07M	365.87M	267.31M
Operating Cash Flow	0.00	938.19M	503.43M	340.34M	727.67M	406.49M
Investing Cash Flow	0.00	-900.55M	-511.91M	-316.10M	-545.76M	59.51M
Financing Cash Flow	0.00	-50.65M	1.12M	-35.60M	-237.06M	-378.37M

Igarashi Motors India Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 475.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IGARASHI, the sentiment is Neutral. The current price of 475.6 is above the 20-day moving average (MA) of 473.46, below the 50-day MA of 498.95, and below the 200-day MA of 509.66, indicating a neutral trend. The MACD of -11.91 indicates Negative momentum. The RSI at 49.28 is Neutral, neither overbought nor oversold. The STOCH value of 52.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:IGARASHI.

Igarashi Motors India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GNA	76 Outperform	₹13.75B	13.10	―	0.95%	-4.65%	9.95%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
TALBROAUTO	61 Neutral	₹17.95B	18.69	―	0.32%	0.74%	-17.90%
HITECHGEAR	60 Neutral	₹14.53B	45.18	―	0.74%	-17.86%	-49.46%
RANEHOLDIN	60 Neutral	₹22.36B	9.28	―	2.70%	54.99%	-66.73%
INDNIPPON	58 Neutral	₹19.38B	21.68	―	1.46%	22.67%	24.50%
IGARASHI	54 Neutral	₹15.55B	83.95	―	0.52%	0.94%	-32.59%