NSE: IGARASHI · BSE: 517380 · ISIN INE188B01013
Igarashi Motors India Limited stock analysis
Igarashi Motors India Limited ranks #1401 in the TickerSutra evidence-ranked universe with a score of 53/100 and 95% data confidence. The latest captured fundamentals show ROCE of 4.6%, quarterly sales growth of 22.6% and quarterly profit growth of 169.7%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Strong CFO/EBITDA of 1.13×
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹556cr | ₹47cr | ₹1cr | 8.0% |
| 2023 | ₹656cr | ₹61cr | ₹5cr | 9.0% |
| 2024 | ₹725cr | ₹75cr | ₹10cr | 10.0% |
| 2025 | ₹838cr | ₹96cr | ₹24cr | 11.0% |
| 2026 | ₹866cr | ₹83cr | ₹12cr | 10.0% |
| TTM | ₹912cr | ₹88cr | ₹16cr | 10.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
We built on our strengths in automotive DC motors and sub-assemblies, diversified into new product categories and enhanced operational efficiency, reinforcing our localization approach and building a supply chain that efficiently meets customer requirements. At the same time, we continued to scale our infrastructure and product portfolio and deepen customer relationships, enabling us to sustain our market leadership
Annual Report 2025-26 | 15 Corporate Overview Statutory Reports Financial Statements 01-29 30-147 148-217 In Engine Air Management, Our Company maintained an estimated market share of approximately 13% globally and 42% in the domestic market, reflecting its strong presence across engine, exhaust and turbo actuation systems. On the operational front, we started commercial production for several new programs. We also e
The Company responds by channelling resources into research and development to strengthen its Brushless DC (BLDC) motor technologies, develop innovative motor solutions for next-generation mobility, and expand its product portfolio across Engine. Market Dynamics & Competitive Edge The Company encounters increasing global competition, pricing pressure, localization requirements and evolving customer sourcing strategie
Throughout the year, our operational fundamentals remained strong, with manufacturing performance, quality, customer engagement and execution continuing to perform in line with expectations. The moderation in growth and profitability was primarily driven by external macroeconomic factors, including geopolitical uncertainties, evolving tariff policies, changes in the USMCA framework, commodity & currency price volatil
Additionally, successive repo rate cuts by the RBI led to lower financing costs, making vehicle ownership more accessible to a broader segment of the population. The sector also achieved a record-breaking performance in the international market, with exports touching ~1 million units, which is a 17.5% increase over the previous financial year. This surge was supported by stable demand and strengthening market share i
During the year, multiple programs transitioned to production, strengthening execution visibility and growth momentum. With a diversified portfolio, regulatory tailwinds, and a robust pipeline across global and domestic markets, the Company remains well positioned to capitalize on emerging opportunities and sustain long-term value creation. Strategic Focus During the year, Our Company continued to strengthen its lead
Throughout the year, our operational fundamentals remained strong, with manufacturing performance, quality, customer engagement and execution continuing to perform in line with expectations. The moderation in growth and profitability was primarily driven by external macroeconomic factors, including geopolitical uncertainties, evolving tariff policies, changes in the USMCA framework, commodity & currency price volatil
(Yes / No) Yes Yes Yes Yes Yes Yes Yes Yes Yes b. Has the policy been approved by the Board? (Yes/No) Yes Yes Yes Yes Yes Yes Yes Yes Yes c.
No claim shall lie against the Company for such taxes deducted. In case of Foreign Institutional Investors / Foreign Portfolio Investors tax will be deducted under Section 393(2) of the Income T ax Act at 20% plus applicable Surcharge and Cess. Shareh olders can also check their tax credit in Form 168 from the e-filing account at https://www .incometax.gov.in/iec/foportal or “View Your T ax Credit” on https://www.tds
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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