Igarashi Motors India Limited (IN:IGARASHI)
:IGARASHI
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Igarashi Motors India Limited
(IGARASHI)
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Rating:52Neutral
Price Target:
₹388.00
▼(-16.16% Downside)
Action:Reiterated
Date:05/23/26
The score is primarily constrained by weakened profitability and inconsistent free-cash-flow conversion despite solid revenue growth and manageable leverage. Technical indicators are mixed/neutral, while valuation (high P/E and low yield) is a notable headwind.
Positive Factors
Recurring OEM supply model
Igarashi's core model centers on designing and supplying small motors under recurring OEM program arrangements. That creates contract-driven, repeatable revenue streams, engineering-led customer ties and higher switching costs, supporting durable demand across vehicle cycles.
Negative Factors
Very low profitability
Net margin near 1.4% and ROE around 2.6% mean the business generates very limited profits on sales and equity. Such thin profitability offers little buffer against cost inflation or demand shocks, constraining retained earnings and the firm's ability to fund growth internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring OEM supply model
Igarashi's core model centers on designing and supplying small motors under recurring OEM program arrangements. That creates contract-driven, repeatable revenue streams, engineering-led customer ties and higher switching costs, supporting durable demand across vehicle cycles.
Read all positive factors
Igarashi Motors India Limited (IGARASHI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹12.11B
Dividend Yield0.57%
Average Volume (3M)6.04K
Price to Earnings (P/E)134.0
Beta (1Y)1.49
Revenue Growth3.28%
EPS Growth-49.70%
CountryIN
Employees675
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)4.85
Shares Outstanding31,475,048
10 Day Avg. Volume5,433
30 Day Avg. Volume6,038
Financial Highlights & Ratios
PEG Ratio-1.42
Price to Book (P/B)1.84
Price to Sales (P/S)0.99
P/FCF Ratio157.77
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 by designing, manufacturing, and selling small electric motors and motor sub-assemblies to customers—primarily automotive OEMs and component manufacturers—under recurring supply arrangements tied to vehicle production and ongo...
Igarashi Motors India Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
68
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.24B | 8.66B | 8.41B | 7.25B | 6.56B | 5.57B |
| Gross Profit | 2.97B | 1.56B | 2.99B | 2.26B | 2.20B | 1.59B |
| EBITDA | 843.61M | 827.32M | 974.32M | 731.79M | 659.12M | 534.62M |
| Net Income | 152.65M | 121.47M | 241.68M | 95.73M | 52.38M | 11.90M |
Balance Sheet | ||||||
| Total Assets | 8.02B | 8.34B | 7.75B | 7.74B | 7.26B | 6.77B |
| Cash, Cash Equivalents and Short-Term Investments | 77.95M | 32.76M | 198.53M | 196.79M | 219.46M | 263.08M |
| Total Debt | 1.43B | 1.45B | 1.51B | 1.38B | 1.21B | 1.00B |
| Total Liabilities | 3.37B | 3.68B | 3.09B | 3.27B | 2.87B | 2.38B |
| Stockholders Equity | 4.65B | 4.67B | 4.66B | 4.47B | 4.40B | 4.38B |
Cash Flow | ||||||
| Free Cash Flow | 112.89M | 54.54M | 100.93M | -33.75M | -20.07M | 365.87M |
| Operating Cash Flow | 461.47M | 829.63M | 938.19M | 503.43M | 340.34M | 727.67M |
| Investing Cash Flow | -196.46M | -634.71M | -900.55M | -511.91M | -316.10M | -545.76M |
| Financing Cash Flow | -231.59M | -192.79M | -50.65M | 1.12M | -35.60M | -237.06M |
Igarashi Motors India Limited Technical Analysis
Neutral
462.80
Price Trends
349.24
Positive
372.60
Positive
433.87
Negative
Market Momentum
10.82
Positive
51.24
Neutral
23.81
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 395.87, above the 50-day MA of 349.24, and above the 200-day MA of 433.87, indicating a neutral trend. The MACD of 10.82 indicates Positive momentum. The RSI at 51.24 is Neutral, neither overbought nor oversold. The STOCH value of 23.81 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹22.26B | 15.60 | ― | 0.32% | 1.88% | -15.78% | |
64 Neutral | ₹16.06B | 13.09 | ― | 0.95% | -3.98% | 9.21% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ₹10.95B | 378.45 | ― | 0.74% | -10.44% | -53.46% | |
59 Neutral | ₹19.93B | 14.47 | ― | 2.97% | 34.89% | -51.90% | |
58 Neutral | ₹18.07B | 18.47 | ― | 1.57% | 24.30% | 29.97% | |
52 Neutral | ₹12.11B | 134.05 | ― | 0.57% | 3.28% | -49.70% |
* Consumer Cyclical Sector Average
IN:IGARASHI
Igarashi Motors India Limited
384.85
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-18.64%
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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.