Igarashi Motors India Limited (IGARASHI) AI Stock Analysis

• Market Cap: ₹14.86B
• Dividend Yield: 0.5%
• Average Volume (3M): 6.31K
• Price to Earnings (P/E): 81.4
• Beta (1Y): 1.26
• Revenue Growth: 5.42%
• EPS Growth: 13.55%
• Country: IN
• Employees: 675
• Sector: Consumer Cyclical
• Sector Strength: 83
• Industry: Auto - Parts
• EPS (TTM): 0.80
• Shares Outstanding: 31,475,048
• 10 Day Avg. Volume: 1,886
• 30 Day Avg. Volume: 6,307
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹580.00
• Price Target Upside: 22.84% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 57 Neutral
• Price Target: ₹580.00 ▲(22.84% Upside)

Igarashi Motors India Limited has a solid financial foundation with strong revenue growth and improving operational margins. However, the stock's high P/E ratio indicates overvaluation, and technical indicators suggest potential bearish trends. Profitability and cash flow generation are areas needing improvement.

Igarashi Motors India Limited Business Overview & Revenue Model

Company Description

Igarashi Motors India Limited (IGARASHI) is a leading manufacturer specializing in the production of small electric motors and motor components primarily used in the automotive industry. The company operates within the automotive sector and focuses on delivering high-quality brushed DC motors and motor assemblies that are integral to automotive applications such as power windows, power seats, and HVAC systems. With a commitment to innovation and quality, IGARASHI serves a diverse range of automotive manufacturers, providing solutions that contribute to vehicle efficiency and performance.

How the Company Makes Money

Igarashi Motors India Limited makes money through the manufacturing and sale of electric motors and related components primarily for the automotive industry. The company's revenue model is built on the production of brushed DC motors that are used in various automotive applications. Key revenue streams include direct sales to original equipment manufacturers (OEMs) and tier-one suppliers in the automotive sector. The company benefits from long-term contracts and partnerships with major automotive clients, ensuring a steady demand for its products. Additionally, IGARASHI focuses on maintaining competitive pricing and high-quality standards to retain its market position and attract new customers. The company's earnings are also influenced by its ability to innovate and meet the evolving technical specifications required by the automotive industry.

Igarashi Motors India Limited Financial Statement Overview

Summary

Igarashi Motors India Limited shows strong revenue growth and improving operational margins. However, profitability and cash flow generation need improvement. The balance sheet is stable with manageable leverage, providing a solid financial foundation.

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	8.38B	8.41B	7.06B	6.56B	5.40B	5.20B
Gross Profit	2.67B	2.99B	2.07B	2.20B	1.59B	1.89B
EBITDA	936.55M	974.32M	731.79M	659.12M	534.62M	846.90M
Net Income	241.68M	241.68M	95.73M	52.38M	11.90M	256.20M
Balance Sheet
Total Assets	7.75B	7.75B	7.74B	7.26B	6.77B	7.00B
Cash, Cash Equivalents and Short-Term Investments	198.53M	198.53M	196.79M	267.05M	263.08M	131.99M
Total Debt	1.51B	1.51B	1.38B	1.21B	1.00B	951.23M
Total Liabilities	3.09B	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: Negative
• Last Price: 472.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IGARASHI, the sentiment is Negative. The current price of 472.15 is below the 20-day moving average (MA) of 503.41, below the 50-day MA of 536.27, and below the 200-day MA of 571.94, indicating a bearish trend. The MACD of -20.55 indicates Positive momentum. The RSI at 33.27 is Neutral, neither overbought nor oversold. The STOCH value of 15.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
RANEHOLDIN	73 Outperform	₹21.30B	8.97		2.56%	40.54%	94.24%
INDNIPPON	68 Neutral	₹19.46B	21.90		1.46%	17.61%	28.12%
GNA	68 Neutral	₹13.28B	13.28		0.95%	-3.10%	8.21%
TALBROAUTO	64 Neutral	₹16.65B	17.27		0.26%	3.71%	-15.16%
HITECHGEAR	63 Neutral	₹12.22B	38.87		0.76%	-20.12%	-73.06%
Sector *	61 Neutral	$17.96B	13.14	-5.29%	3.00%	1.25%	-13.95%
IGARASHI	57 Neutral	₹14.86B	81.40		0.50%	5.42%	13.55%