Overview

Detailed Summary

Igarashi Motors India Limited specializes in the manufacture of micro motors, serving predominantly the automotive sector. Established in 1992, the company has expanded its production capacity significantly over the years to meet industry demands.
A noteworthy strategic collaboration was formed with Bosch Electrical Drives in 2007 to advance DC motor and systems development for automotive applications, reflecting growth into significant partnerships.
The company has undergone acquisitions and divestitures over its history, including an impactful transition in promoter stake with Agile Electric and Igarashi Electric Works Japan, aiming to solidify control and streamline operations.
Year 2020-21 marked a notable exit from Bosch Electrical Drives India Private Limited, symbolizing a strategic realignment to focus on core operations and potential expansion opportunities.
Having experienced substantial promoter share sales and open offers, Igarashi Motors has maintained a high level of promoter and group control, demonstrating stability in ownership.

Sector: Capital Goods - Electrical Equipment
Industry: Electric Equipment - General - Large
Market Cap: 1,095 Cr
Volatility: High Risk
P/E Ratio: 80.5
Industry P/E: 53.3
PEG Ratio: 0.5
P/B Ratio: 2.4
52W High: 665.45
52W Low: 338.85

Sales CAGR

1Y: 68.35%
3Y: 14.65%
5Y: 9.43%
10Y: 7.22%

Profit CAGR

1Y: -62.66%
3Y: 172.83%
5Y: -4.17%
10Y: -10.20%

ROE

TTM: 3.28%
3Y: 2.88%
5Y: 2.95%
10Y: 9.35%

ROCE

TTM: 5.52%
3Y: 6.20%
5Y: 5.68%
10Y: 14.26%

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
ALPEXSOLAR	722.15	1,845 Cr	9.88	3.90	0.00	32.49	34.29	16.42
SERVOTECH	70.18	1,585 Cr	55.78	6.12	0.07	8.75	9.11	5.42
EXICOM	92.99	1,271 Cr	-4.45	1.71	0.00	-35.39	-15.54	-15.34
SALZERELEC	634.35	1,118 Cr	20.94	1.96	0.40	9.72	11.73	4.11
IGARASHI	347.75	1,095 Cr	80.50	2.36	0.72	3.28	5.52	1.70
SOLEX	833.50	900 Cr	19.02	4.83	0.07	31.00	20.76	7.24
KECL	85.39	567 Cr	53.37	4.53	0.00	5.69	13.58	1.75

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	178	174	205	222	216	211	189	205	219	216
Expenses	161	156	182	197	190	187	170	185	196	196
Operating Profit	17	17	22	25	26	24	20	20	23	20
OPM %	9.71	9.95	10.97	11.40	12.16	11.26	10.40	9.57	10.71	9.44
Other Income	0.46	0.73	0.34	1.37	0.33	0.37	0.31	0.80	0.14	0.08
Interest	3.38	3.51	2.78	3.38	3.55	3.83	2.63	3.17	3.26	2.09
Depreciation	12	12	12	12	13	13	13	14	14	14
Profit Before Tax	2.00	2.10	7.86	11	10	7.16	4.00	3.36	6.18	4.22
Tax %	27.00	25.71	34.73	25.27	25.22	27.93	23.50	25.30	26.54	17.06
Net Profit	1.46	1.56	5.14	8.16	7.79	5.16	3.06	2.51	4.54	3.50
EPS in Rs	0.46	0.49	1.63	2.59	2.48	1.64	0.97	0.80	1.44	1.11

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	516	671	606	534	533	556	656	725	838	821
Expenses	396	514	491	457	459	510	596	651	743	732
Operating Profit	121	157	116	77	74	46	60	74	95	89
OPM %	23.38	23.39	19.07	14.48	13.85	8.34	9.20	10.22	11.34	10.88
Other Income	17	34	25	12	9.54	6.93	8.02	1.62	2.39	1.81
Interest	2.24	12	15	14	6.18	6.55	12	13	13	13
Depreciation	22	38	40	43	45	44	47	49	52	53
Profit Before Tax	114	141	86	32	32	2.31	9.10	14	33	25
Tax %	33.69	32.38	33.18	7.85	21.05	48.58	42.45	31.03	25.65	25.77
Net Profit	75	95	57	30	26	1.19	5.24	9.57	24	19
EPS in Rs	24.04	24.85	17.97	9.50	8.14	0.38	1.66	3.03	7.68	4.32
Dividend Payout %	26.86	19.83	26.86	12.63	18.43	0.00	60.24	32.89	32.55	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	31	31	31	31	31	31	31	31	31	31
Reserves	264	335	368	398	391	408	407	408	416	434
Borrowings	22	8.52	105	58	88	95	100	121	138	151
Other Liabilities	154	130	301	183	162	165	138	166	189	158
Total Liabilities	471	504	805	670	673	700	677	726	774	775
Fixed Assets	138	158	320	383	394	370	378	379	366	391
CWIP	12	2.57	44	23	11	9.51	11	13	35	43
Investments	34	174	50	34	28	0.90	21	17	16	17
Other Assets	288	169	391	231	240	320	267	318	357	323
Total Assets	471	504	805	670	673	700	677	726	774	775

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	64	82	94	164	90	41	73	34	50	94
Cash from Investing Activity	20	-159	-69	-104	-41	5.95	-55	-32	-51	-90
Cash from Financing Activity	-49	-29	-27	-59	-49	-38	-24	-3.56	0.11	-5.06
Net Cash Flow	34	-106	-1.41	0.37	0.27	8.76	-5.52	-1.14	-0.74	-1.30

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
FIIs	0.08%	0.24%	0.14%	0.86%	0.89%	0.82%	0.90%	1.30%	1.15%	0.95%	0.12%	0.10%
DIIs	1.94%	2.40%	2.62%	1.90%	1.86%	2.05%	1.73%	1.79%	2.28%	2.07%	2.22%	2.14%
Public	22.98%	22.36%	22.24%	22.24%	22.25%	22.14%	22.36%	21.91%	21.57%	21.98%	22.67%	22.77%
Total Shareholders	23,469	22,757	22,836	24,011	24,109	23,730	27,505	26,293	25,238	25,263	26,598	27,129

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Frequently Asked Questions about Igarashi Motors India Ltd

Igarashi Motors India Ltd (IGARASHI) is currently trading at 336.10 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Igarashi Motors India Limited specializes in the manufacture of micro motors, serving predominantly the automotive sector. Established in 1992, the company has expanded its production capacity significantly over the years to meet industry demands. A noteworthy strategic collaboration was formed with Bosch Electrical Drives in 2007 to advance DC motor and systems development for automotive applications, reflecting growth into significant partnerships. The company has undergone acquisitions and divestitures over its history, including an impactful transition in promoter stake with Agile Electric and Igarashi Electric Works Japan, aiming to solidify control and streamline operations. Year 2020-21 marked a notable exit from Bosch Electrical Drives India Private Limited, symbolizing a strategic realignment to focus on core operations and potential expansion opportunities. Having experienced substantial promoter share sales and open offers, Igarashi Motors has maintained a high level of promoter and group control, demonstrating stability in ownership.

Over the past 52 weeks, Igarashi Motors India Ltd has traded between a low of ₹332.30 and a high of ₹665.45. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Igarashi Motors India Ltd has a market capitalization of approximately 1,094.54. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Igarashi Motors India Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 80.50 and operates in the Capital Goods - Electrical Equipment sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 1,094.54 Cr, Igarashi Motors India Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Igarashi Motors India Ltd operates in the Capital Goods - Electrical Equipment sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Igarashi Motors India Ltd is 80.50. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

Igarashi Motors India Ltd

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Standalone Quarterly Results (in ₹ Crores)

Standalone Profit Loss (in ₹ Crores)

Standalone Balance Sheet (in ₹ Crores)

Standalone Cash Flows (in ₹ Crores)

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Frequently Asked Questions about Igarashi Motors India Ltd

What is Igarashi Motors India Ltd share price today?

What does Igarashi Motors India Ltd do?

What is the 52-week high and low of Igarashi Motors India Ltd?

What is the market capitalization of Igarashi Motors India Ltd?

Should I consider investing in Igarashi Motors India Ltd stock?

Is Igarashi Motors India Ltd a large-cap, mid-cap, or small-cap stock?

Which sector does Igarashi Motors India Ltd belong to and why does it matter?

What is the PE ratio of Igarashi Motors India Ltd?

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