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Igarashi Motors India Limited
(IGARASHI)
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Rating:56Neutral
Price Target:
₹429.00
▼(-5.77% Downside)
Action:Reiterated
Date:06/23/26
The score is primarily constrained by weakened financial quality (margin compression, low ROE, and volatile/low free cash flow), despite steady revenue growth and a manageable balance sheet. Technicals are supportive with an established uptrend, but valuation is a major headwind due to the very high P/E and low dividend yield.
Positive Factors
Steady revenue growth
The sustained increase in revenue indicates expanding business activity and continued demand for the company’s motor products. If maintained, this top-line trajectory can support operating scale, customer retention, and investment in manufacturing capabilities over the next several quarters.
Negative Factors
Material margin compression
Very thin profitability leaves limited protection against cost increases, pricing pressure, or production volatility. The decline from earlier margins suggests that revenue growth is not converting efficiently into earnings, making future results more sensitive to execution and operating-cost control.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
The sustained increase in revenue indicates expanding business activity and continued demand for the company’s motor products. If maintained, this top-line trajectory can support operating scale, customer retention, and investment in manufacturing capabilities over the next several quarters.
Read all positive factors
Igarashi Motors India Limited (IGARASHI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹13.11B
Dividend Yield0.3%
Average Volume (3M)22.87K
Price to Earnings (P/E)83.9
Beta (1Y)1.59
Revenue Growth11.08%
EPS Growth-11.42%
CountryIN
Employees675
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)5.21
Shares Outstanding31,475,048
10 Day Avg. Volume2,397
30 Day Avg. Volume22,870
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 is engaged in the manufacturing and global sales of electric micro motors and related accessories specifically for the automotive sector. The company's extensive market presence spans India, the United States, Japan, ...
How the Company Makes Money
IGARASHI primarily makes money by manufacturing and selling electric motors and motor sub-assemblies to customers (typically automotive OEMs and Tier-1 suppliers), generating revenue from product sales under supply agreements and purchase orders. ...
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 | 9.12B | 8.66B | 8.41B | 7.25B | 6.56B | 5.57B |
| Gross Profit | 2.35B | 1.56B | 2.99B | 2.26B | 2.20B | 1.59B |
| EBITDA | 886.26M | 827.32M | 974.32M | 731.79M | 659.12M | 534.62M |
| Net Income | 164.04M | 121.47M | 241.68M | 95.73M | 52.38M | 11.90M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 8.34B | 7.75B | 7.74B | 7.26B | 6.77B |
| Cash, Cash Equivalents and Short-Term Investments | 31.10M | 31.10M | 198.53M | 196.79M | 219.46M | 263.08M |
| Total Debt | 0.00 | 1.45B | 1.51B | 1.38B | 1.21B | 1.00B |
| Total Liabilities | -4.67B | 3.68B | 3.09B | 3.27B | 2.87B | 2.38B |
| Stockholders Equity | 4.67B | 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
Positive
455.25
Price Trends
445.84
Negative
425.17
Positive
403.29
Positive
Market Momentum
-7.61
Negative
53.97
Neutral
36.91
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 455.25 is above the 20-day moving average (MA) of 425.94, above the 50-day MA of 445.84, and above the 200-day MA of 403.29, indicating a neutral trend. The MACD of -7.61 indicates Negative momentum. The RSI at 53.97 is Neutral, neither overbought nor oversold. The STOCH value of 36.91 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹30.55B | 25.16 | ― | 1.21% | 30.04% | 31.64% | |
72 Outperform | ₹45.96B | 26.78 | ― | 0.44% | 13.78% | 6.49% | |
66 Neutral | ₹92.87B | 33.73 | ― | 0.27% | 43.26% | 56.35% | |
63 Neutral | ₹54.84B | 28.77 | ― | 0.95% | 26.52% | 32.02% | |
62 Neutral | ₹240.73B | 36.91 | ― | 1.66% | 28.68% | -7.21% | |
56 Neutral | ₹13.11B | 83.89 | ― | 0.30% | 11.08% | -11.42% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:IGARASHI
Igarashi Motors India Limited
437.50
-54.86
-11.14%
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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.