Igarashi Motors India Limited (IGARASHI) AI Stock Analysis

• Market Cap: ₹10.11B
• Dividend Yield: 0.57%
• Average Volume (3M): 6.04K
• Price to Earnings (P/E): 98.2
• Beta (1Y): 1.50
• Revenue Growth: 0.94%
• EPS Growth: -32.59%
• Country: IN
• Employees: 675
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 1.11
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: ₹280.00 ▼(-39.50% Downside)
• Action: Reiterated Date: 03/10/26
• Date: Action: Reiterated 03/10/26

The score is held up by decent financial performance (growth, improving operating margins, and manageable leverage), but is pressured by weak technicals (price below key moving averages and negative momentum indicators) and an expensive valuation (very high P/E with low yield).

Positive Factors

Revenue Growth

A ~19% revenue uplift in 2025 indicates expanding end-market demand or greater share in OEM/industrial programs. Sustained top-line growth supports scale, steadier production runs, and the ability to spread fixed costs over larger volumes, benefiting long-term margins and program stability.

Negative Factors

Low Net Profit Margin

A sub-3% net margin leaves little cushion for cost shocks, cyclical demand drops, or pricing pressures typical in auto-parts supply chains. Persistently low net margins constrain retained earnings, limit reinvestment capacity, and weaken the buffer for long-term strategic initiatives.

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...

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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...

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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

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

• Technical Analysis Sentiment: Neutral
• Last Price: 462.80
• 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 462.8 is above the 20-day moving average (MA) of 306.75, above the 50-day MA of 348.37, and above the 200-day MA of 457.24, indicating a neutral trend. The MACD of -13.06 indicates Negative momentum. The RSI at 50.47 is Neutral, neither overbought nor oversold. The STOCH value of 74.76 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	72 Outperform	₹17.62B	10.02	―	0.95%	-4.65%	9.95%
TALBROAUTO	65 Neutral	₹15.68B	15.60	―	0.32%	0.74%	-17.90%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
HITECHGEAR	60 Neutral	₹10.71B	378.45	―	0.74%	-17.86%	-49.46%
RANEHOLDIN	60 Neutral	₹14.45B	-9.62	―	2.97%	54.99%	-66.73%
INDNIPPON	58 Neutral	₹17.33B	18.47	―	1.57%	22.67%	24.50%
IGARASHI	55 Neutral	₹10.11B	98.19	―	0.57%	0.94%	-32.59%

Igarashi Motors India Limited Corporate Events