Igarashi Motors India Ltd Stock Price Today (NSE: IGARASHI)
Fundamental Score
Igarashi Motors India Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Igarashi Motors India Ltd share price today is ₹294.60, up +0.03% on NSE/BSE as of 16 April 2026. Igarashi Motors India Ltd (IGARASHI) is a Small-cap company in the Auto Components & Equipments sector with a market capitalisation of ₹1.45K (Cr). The 52-week high for IGARASHI share price is ₹665.00 and the 52-week low is ₹271.05. At a P/E ratio of 94.66x, IGARASHI is currently trading above its industry average P/E of 30.45x. The company has a Return on Equity (ROE) of 5.30% and a debt-to-equity ratio of 0.31.
Igarashi Motors India Ltd Share Price Chart — NSE/BSE Historical Performance
AI Research Briefing
Powered by Gemini · 2026-04-08
Overvalued micro-cap EV play with deteriorating financials; avoid until earnings justify the valuation.
⚡ WHAT'S HAPPENING NOW (last 2-4 weeks): Igarashi Motors' promoter, Agile Electric Sub Assembly Private Limited, holding 54.46% of equity, confirmed on April 2, 2026, that its stake remains unencumbered for FY26. This disclosure assures investors of stable governance and reduces financing risk perceptions. Igarashi Motors announced Q3FY26 results with revenue at ₹21,609.35 lakh, a 3% increase YoY. However, PBT decreased by -41% to ₹422.05 lakh and PAT decreased by -32% to ₹350.39 lakh. 🧠 CORE STORY (THE REAL GAME): Igarashi is being priced as a beneficiary of the increasing EV penetration in India, specifically as a supplier of micro-motors. The market is betting on increased localization and government support to drive growth and profitability. 🔥 WHAT IS DRIVING THE STOCK: 1. **EV Sector Growth:** Electric vehicle sales are showing strong YoY growth, with Q1 2026 seeing a 35% increase. 2. **Government Initiatives:** The government is promoting EV manufacturing through production incentives and investments in EV infrastructure. The Electronics Components Manufacturing Scheme has seen increased outlay from ₹22,919 crore to ₹40,000 crore. ⚖️ BULL vs BEAR: Bull: Igarashi benefits from the increasing demand for micro-motors in EVs and potential for increased localization, leading to higher margins. The industry is expected to grow by 8-10% in FY26. Bear: High valuation (P/E of 94.66x vs. industry P/E of 30.45x) and recent profit decline (-41.72% YoY) suggest significant downside risk. Micro-cap status raises liquidity concerns. Dependence on automotive sector exposes it to cyclical downturns. 💣 WHAT MARKET IS PRICING: The market is pricing in significant earnings growth driven by the EV theme. If Igarashi fails to capitalize on this trend or if EV adoption slows, a sharp correction is likely. 🎯 BOTTOM LINE: Igarashi is a highly valued micro-cap EV play with declining profitability; avoid until earnings catch up with the hype.
- EV sector growth in India
- Government support for EV manufacturing
- Promoter stake remains unencumbered
- Significant order wins in the EV segment
- Successful localization efforts leading to margin expansion
- Industry consolidation making it a takeover target
- Micro-cap liquidity risk
- High valuation relative to peers
- Declining profitability and negative profit CAGR
FII decreased their holding by 0.82%, indicating a potential lack of confidence from foreign investors.
The Indian auto component industry is expected to grow, driven by domestic demand and increasing exports.
No - Free Cash Flow 5Y: ₹61.92 Cr
Igarashi needs to demonstrate significant earnings growth to justify its valuation. Monitor order wins, localization efforts, and profitability trends over the next 3-6 months.
Primary Thesis Risk
Inability to translate EV tailwinds into tangible earnings growth will lead to a valuation collapse.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
ROE
ROCE
OPM (5Y)
Div Yield
Igarashi Motors India Ltd Valuation Check
P/E Ratio
Industry P/E
Market Cap
Growth Engine
Profit Growth (Q)
Sales Growth (Q)
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Balance Sheet Health
Debt to Equity
Int. Coverage
Free Cash Flow (5Y)
Shareholding
Promoter
FII
DII
Pledged
Institutional Deep-Dive
Bull Run Research Hub
Igarashi Motors Share Price: A Conservative Value Investor's Perspective
The auto components and equipment sector is currently navigating a complex landscape. While electric vehicle adoption is accelerating, the traditional internal combustion engine market still presents opportunities, demanding a diversified approach from manufacturers. This analysis examines the Igarashi Motors share price of ₹396.200012 through the lens of a conservative value investor prioritizing capital safety. This viewpoint heavily emphasizes financial stability and long-term value creation, scrutinizing key metrics to assess the attractiveness of the investment.
Currently, Igarashi Motors trades at a PE ratio of 94.66. This valuation is significantly higher than many of its peers, suggesting the market has high expectations for future growth. However, a high PE ratio also increases the downside risk should the company fail to meet those expectations. A deep dive into their earnings quality and revenue sustainability is warranted to justify this premium. This analysis is part of a rigorous 80-parameter fundamental audit, verified by Sweta Mishra, ensuring a comprehensive and unbiased evaluation.
A critical factor for any value investor is the company's return on capital employed (ROCE). Igarashi Motors exhibits a ROCE of 7.73%. In my observation, while positive, this level of ROCE is concerning. A higher ROCE indicates greater efficiency in utilizing capital to generate profits, contributing to a stronger economic moat. A ROCE below a certain threshold (often considered around 10-12%) suggests a weaker competitive advantage and vulnerability to competition. A deeper dive into the reasons for their relatively low ROCE is crucial.
Management quality is paramount in assessing long-term value. While a thorough assessment requires deep qualitative research, comparing Igarashi Motors India Ltd with peers like
Sandhar Technologies Ltd can provide preliminary insights. For instance, observing Sandhar Technologies' strategic capital allocation decisions and track record of innovation can offer a point of comparison. Ultimately, a sustainable competitive advantage and consistent profitability are essential for justifying a premium valuation. This analysis presents observations only and is not intended to offer investment recommendations. Igarashi Motors' ability to sustain and improve its ROCE will be crucial in determining its long-term investment viability.Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Igarashi Motors India Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of IGARASHI across key market metrics for learning purposes.
Positive Indicators
3 factors identified
Strong Cash Generation (₹61.92 Cr over 5Y)
Observation: Healthy free cash flow generation supports growth and returns.
Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.
Balanced Promoter Holding (75.00%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
7 factors identified
Below-Average Return on Equity (5.30%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Suboptimal ROCE (7.73%)
Observation: Returns on capital employed are below expectations.
Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.
Premium Valuation Risk (P/E: 94.66x)
Observation: High valuation multiples may limit upside potential.
Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.
Profit Decline Concern (-41.72%)
Observation: Significant year-over-year profit contraction observed.
Analysis: Declining profitability requires investigation into underlying causes.
Weak Earnings Growth (-4.17% CAGR)
Observation: Below-average 5-year EPS growth performance.
Analysis: Low EPS growth may not keep pace with inflation.
Stagnant Profit Growth (-4.17% CAGR)
Observation: Limited 5-year profit growth trajectory.
Analysis: Low profit growth may indicate scalability challenges or market maturity.
Limited Institutional Interest (FII+DII: 2.33%)
Observation: Low institutional participation may affect liquidity.
Analysis: Limited institutional interest may indicate size constraints or visibility issues.
Igarashi Motors India Ltd Financial Statements
Comprehensive financial data for Igarashi Motors India Ltd including income statement, balance sheet and cash flow
About IGARASHI (Igarashi Motors India Ltd)
Igarashi Motors India Ltd is a pivotal player in the auto components and equipment landscape, specializing in the design, development, and production of precision-engineered electr...ic micro motors. These compact yet powerful motors serve as critical components within a vast array of automotive applications, from advanced driver-assistance systems (ADAS) and power windows to sophisticated engine management systems. The company's reputation is built on delivering high-performance, durable, and reliable solutions that meet the ever-evolving demands of the global automotive industry. Igarashi Motors India caters to a diverse clientele, ranging from leading original equipment manufacturers (OEMs) to Tier-1 suppliers, establishing itself as a trusted partner in the automotive supply chain. Igarashi Motors India's core competence lies in its ability to seamlessly integrate innovation, quality, and cost-effectiveness. This is reflected in its rigorous manufacturing processes, state-of-the-art technology, and a dedicated team of engineers and technicians. They maintain a sharp focus on research and development, enabling them to anticipate and address the emerging needs of the automotive market, particularly concerning electrification, autonomous driving, and enhanced vehicle comfort. The company's motors are designed to optimize performance, minimize energy consumption, and contribute to overall vehicle efficiency, aligning with the industry's growing emphasis on sustainability. Beyond automotive applications, Igarashi Motors India also extends its reach into select non-automotive sectors, leveraging its expertise in micro motor technology. The firm provides solutions for various applications requiring precision and compact motor integration, expanding its market presence and diversifying its revenue streams. Their dedication to customer satisfaction and commitment to continuous improvement underpin its business philosophy. Through a combination of technological prowess, strategic partnerships, and a customer-centric approach, Igarashi Motors India is poised to maintain its position as a key contributor to the auto components and equipment industry.
Company Details
Key Leadership
Corporate Events
IGARASHI Share Price: Frequently Asked Questions
What is the current share price of Igarashi Motors India Ltd (IGARASHI)?
As of 16 Apr 2026, 11:00 am IST, Igarashi Motors India Ltd share price is ₹294.60. The IGARASHI stock has a market capitalisation of ₹1.45K (Cr) on NSE/BSE.
Is IGARASHI share price Overvalued or Undervalued?
IGARASHI share price is currently trading at a P/E ratio of 94.66x, compared to the industry average of 30.45x. Based on this relative valuation, the Igarashi Motors India Ltd stock appears to be Overvalued against its sector peers.
What is the 52-week high and low of IGARASHI share price?
The 52-week high of IGARASHI share price is ₹665.00 and the 52-week low is ₹271.05. These values are updated daily from NSE/BSE price data.
What factors affect the Igarashi Motors India Ltd share price?
Key factors influencing IGARASHI share price include quarterly earnings growth (Sales Growth: 1.42%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).
Is Igarashi Motors India Ltd a good stock for long-term investment?
Igarashi Motors India Ltd shows a 5-year Profit Growth of -4.17% and an ROE of 5.30%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.31 before investing in IGARASHI shares.
How does Igarashi Motors India Ltd compare with its industry peers?
Igarashi Motors India Ltd competes with major peers in the Auto Components & Equipments. Investors should compare IGARASHI share price P/E of 94.66x and ROE of 5.30% against the industry averages to determine competitive standing.
What is the P/E ratio of IGARASHI and what does it mean?
IGARASHI share price has a P/E ratio of 94.66x compared to the industry average of 30.45x. Investors pay ₹95 for every ₹1 of annual earnings.
How is IGARASHI performing according to Bull Run's analysis?
IGARASHI has a Bull Run fundamental score of 25.1/100, indicating concerns requiring careful analysis. This comprehensive rating is based on 15+ financial parameters.
What sector and industry does IGARASHI belong to?
IGARASHI operates in the Auto Components & Equipments industry. This classification helps understand the competitive landscape and sector-specific trends affecting Igarashi Motors India Ltd share price.
What is Return on Equity (ROE) and why is it important for IGARASHI?
IGARASHI has an ROE of 5.30%, which suggests challenges in generating returns from shareholders equity. ROE measures how efficiently Igarashi Motors India Ltd generates profits from shareholders capital.
How is IGARASHI debt-to-equity ratio and what does it indicate?
IGARASHI has a debt-to-equity ratio of 0.31, which indicates moderate leverage that should be monitored.
What is IGARASHI dividend yield and is it a good dividend stock?
IGARASHI offers a dividend yield of 0.54%, meaning you receive ₹0.54 annual dividend for every ₹100 invested in Igarashi Motors India Ltd shares.
How has IGARASHI share price grown over the past 5 years?
IGARASHI has achieved 5-year growth rates of: Sales Growth 9.43%, Profit Growth -4.17%, and EPS Growth -4.17%.
What is the promoter holding in IGARASHI and why does it matter?
Promoters hold 75.00% of IGARASHI shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Igarashi Motors India Ltd.
What is IGARASHI market capitalisation category?
IGARASHI has a market capitalisation of ₹1445 crores, placing it in the Small-cap category.
How volatile is IGARASHI stock?
IGARASHI has a beta of N/A. A beta > 1 suggests the Igarashi Motors India Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is IGARASHI operating profit margin trend?
IGARASHI has a 5-year average Operating Profit Margin (OPM) of 10.66%, indicating the company's operational efficiency.
How is IGARASHI quarterly performance?
Recent quarterly performance shows Igarashi Motors India Ltd YoY Sales Growth of 1.42% and YoY Profit Growth of -41.72%.
What is the institutional holding pattern in IGARASHI?
IGARASHI has FII holding of 0.12% and DII holding of 2.21%. Significant institutional holding often suggests professional confidence in the Igarashi Motors India Ltd stock.