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Igarashi Motors India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹563.39Undervalued by 45.96%vs CMP ₹386.00

P/E (89.2) × ROE (5.3%) × BV (₹148.00) × DY (0.65%)

₹333.95Overvalued by 13.48%vs CMP ₹386.00
MoS: -15.6% (Negative)Confidence: 58/100 (Moderate)Models: 2 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹916.1124%Under (+137.3%)
Graham NumberEarnings₹119.9417%Over (-68.9%)
DCFCash Flow₹63.7411%Over (-83.5%)
Net Asset ValueAssets₹147.538%Over (-61.8%)
EV/EBITDAEnterprise₹425.1110%Under (+10.1%)
Dividend DiscountDividends₹82.5010%Over (-78.6%)
Earnings YieldEarnings₹43.208%Over (-88.8%)
ROCE CapitalReturns₹129.638%Over (-66.4%)
Revenue MultipleRevenue₹266.456%Over (-31%)
Consensus (9 models)₹333.95100%Overvalued
Key Drivers: EPS CAGR 62.6% lifts DCF — verify sustainability. | Wide model spread (₹43–₹916) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 62.6%

*Investments are subject to market risks

Analyst Summary

Igarashi Motors India Ltd operates in the Electric Equipment - General segment, current market price is ₹386.00, market cap is 1,214 Cr.. At a glance, stock P/E is 89.2, ROE is 5.30 %, ROCE is 7.73 %, book value is 148, dividend yield is 0.65 %. The latest intrinsic value estimate is ₹333.95, around 13.5% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹838 Cr versus the prior period change of 15.6%, while latest net profit is about ₹24 Cr with a prior-period change of 140.0%. The 52-week range shown on this page is 665/271, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisIgarashi Motors India Ltd. is a Public Limited Listed company incorporated on 10/01/1992 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN)…

This summary is generated from the stock page data available for Igarashi Motors India Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

48
Igarashi Motors India Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 7.7% WeakROE 5.3% WeakD/E 0.19 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money30/100 · Weak
FII holding down -1.05% (6mo) SellingPromoter holding at 75.0% Stable
Earnings Quality60/100 · Moderate
OPM stable around 11% SteadyWorking capital: 19 days (improving) Efficient
Quarterly Momentum40/100 · Moderate
Revenue (4Q): -3% YoY FlatProfit (4Q): -48% YoY Declining
Industry Rank30/100 · Weak
P/E 89.2 vs industry 73.5 In-lineROCE 7.7% vs industry 16.5% Below peersROE 5.3% vs industry 16.0% Below peers3Y sales CAGR: 15% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 10:49 pm

Market Cap 1,214 Cr.
Current Price 386
Intrinsic Value₹333.95
High / Low 665/271
Stock P/E89.2
Book Value 148
Dividend Yield0.65 %
ROCE7.73 %
ROE5.30 %
Face Value 10.0
PEG Ratio1.42

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Igarashi Motors India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Igarashi Motors India Ltd 1,214 Cr. 386 665/27189.2 1480.65 %7.73 %5.30 % 10.0
Salzer Electronics Ltd 1,100 Cr. 622 1,127/48921.1 3150.40 %12.8 %10.6 % 10.0
Swelect Energy Systems Ltd 1,003 Cr. 662 979/48018.2 5890.45 %5.06 %0.58 % 10.0
Modern Insulators Ltd 1,567 Cr. 332 338/84.723.4 1060.00 %8.98 %7.36 % 10.0
Kirloskar Electric Company Ltd 850 Cr. 128 152/74.945.9 18.80.00 %8.35 %6.12 % 10.0
Industry Average14,781.87 Cr607.6473.4998.000.28%16.47%16.01%6.47

All Competitor Stocks of Igarashi Motors India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 166.98172.93168.25178.44173.75204.60222.07216.07210.80189.47204.71219.14216.09
Expenses 151.67151.06152.04161.11156.46182.16196.75189.79187.06169.76185.10195.67195.69
Operating Profit 15.3121.8716.2117.3317.2922.4425.3226.2823.7419.7119.6123.4720.40
OPM % 9.17%12.65%9.63%9.71%9.95%10.97%11.40%12.16%11.26%10.40%9.58%10.71%9.44%
Other Income 3.803.330.900.460.730.341.370.330.370.310.800.140.08
Interest 3.353.183.073.383.512.783.383.553.832.633.173.262.09
Depreciation 11.8811.9412.1212.4112.4112.1312.3912.6413.1213.3913.8714.1814.17
Profit before tax 3.8810.081.922.002.107.8710.9210.427.164.003.376.174.22
Tax % 65.46%24.31%26.04%27.00%25.71%34.69%25.27%25.34%28.07%23.50%25.22%26.58%17.06%
Net Profit 1.347.631.431.461.565.148.167.795.163.062.514.543.50
EPS in Rs 0.432.420.450.460.501.632.592.471.640.970.801.441.11

Last Updated: March 4, 2026, 9:09 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 11:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 361385445516671606534533556656725838829
Expenses 292305337394513490456458509595650743746
Operating Profit 698010812215811778744761759683
OPM % 19%21%24%24%24%19%15%14%8%9%10%11%10%
Other Income 181714173425121078221
Interest 137641316157713131411
Depreciation 16191922384043454447495256
Profit before tax 58729711414186323229143318
Tax % 21%32%35%34%32%33%8%21%48%42%31%26%
Net Profit 464964759557302615102414
EPS in Rs 13.4914.2318.5021.9027.6918.249.508.140.381.663.047.684.32
Dividend Payout % 20%28%26%27%19%27%13%18%-0%60%33%33%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)6.52%30.61%17.19%26.67%-40.00%-47.37%-13.33%-96.15%400.00%100.00%140.00%
Change in YoY Net Profit Growth (%)0.00%24.09%-13.42%9.48%-66.67%-7.37%34.04%-82.82%496.15%-300.00%40.00%

Igarashi Motors India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:9%
3 Years:15%
TTM:5%
Compounded Profit Growth
10 Years:-7%
5 Years:-4%
3 Years:173%
TTM:13%
Stock Price CAGR
10 Years:-1%
5 Years:9%
3 Years:9%
1 Year:-34%
Return on Equity
10 Years:10%
5 Years:3%
3 Years:3%
Last Year:5%

Last Updated: September 5, 2025, 6:50 am

Balance Sheet

Last Updated: December 4, 2025, 1:24 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 30313131313131313131313131
Reserves 189220264335368398391408407408416434433
Borrowings 5158442214011812495100121138151143
Other Liabilities 89132133117266122126165138166189158194
Total Liabilities 360440471504805670673700677726774775802
Fixed Assets 126121138158320383394370378379366391391
CWIP 11123442311101113354361
Investments 2126341745034281211716171
Other Assets 212292288169391231240320267318357323349
Total Assets 360440471504805670673700677726774775802

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 4559648294164904173345094
Cash from Investing Activity + -30-1420-159-69-104-416-55-32-51-90
Cash from Financing Activity + 20-6-49-29-27-59-49-38-24-40-5
Net Cash Flow 353934-106-1009-6-1-1-1
Free Cash Flow 31392248-1484562737-2-34
CFO/OP 86%102%89%96%86%162%130%54%169%53%73%109%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow18.0022.0064.00100.0018.00-1.00-46.00-21.00-53.00-60.00-63.00-55.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 70747073928594114889810476
Inventory Days 3851475462678911581918675
Days Payable 67105941109287113139929510374
Cash Conversion Cycle 422024176166699177948776
Working Capital Days 76561226-4023205343414019
ROCE %27%27%32%32%33%19%9%7%2%4%5%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 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%0.94%0.12%0.10%
DIIs 1.94%2.40%2.62%1.90%1.87%2.05%1.73%1.79%2.28%2.08%2.21%2.13%
Public 22.98%22.36%22.24%22.23%22.25%22.13%22.35%21.90%21.57%21.98%22.66%22.77%
No. of Shareholders 23,46922,75722,83624,01124,10923,73027,50526,29325,23825,26326,59827,129

Shareholding Pattern Chart

No. of Shareholders

Igarashi Motors India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Value Fund 170,591 1.31 10.01170,5912025-04-22 17:25:320%
Kotak Pioneer Fund 125,000 0.41 7.34125,0002025-04-22 17:25:320%
Taurus Discovery (Midcap) Fund 57,500 3.37 3.3857,5002025-04-22 17:25:320%
Taurus Infrastructure Fund 2,800 2.48 0.162,8002025-04-22 17:25:320%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 7.683.041.660.388.14
Diluted EPS (Rs.) 7.683.041.660.388.14
Cash EPS (Rs.) 24.0518.6416.6514.5122.34
Book Value[Excl.RevalReserv]/Share (Rs.) 147.91142.01139.65139.25139.58
Book Value[Incl.RevalReserv]/Share (Rs.) 147.91142.01139.65139.25139.58
Dividend / Share (Rs.) 2.501.001.000.001.50
Revenue From Operations / Share (Rs.) 266.38230.35208.50176.78169.30
PBDIT / Share (Rs.) 30.9524.0521.7316.9526.47
PBIT / Share (Rs.) 14.588.466.752.8212.27
PBT / Share (Rs.) 10.334.412.890.7310.31
Net Profit / Share (Rs.) 7.683.041.660.378.14
PBDIT Margin (%) 11.6210.4410.429.5815.63
PBIT Margin (%) 5.473.673.231.597.25
PBT Margin (%) 3.871.911.380.416.08
Net Profit Margin (%) 2.881.320.790.214.80
Return on Networth / Equity (%) 5.192.141.190.275.83
Return on Capital Employeed (%) 8.995.244.301.788.06
Return On Assets (%) 3.111.230.720.173.66
Long Term Debt / Equity (X) 0.020.040.010.040.04
Total Debt / Equity (X) 0.270.250.200.180.19
Asset Turnover Ratio (%) 1.080.960.930.800.77
Current Ratio (X) 1.241.371.411.511.42
Quick Ratio (X) 0.810.940.941.060.95
Inventory Turnover Ratio (X) 7.484.374.683.963.60
Dividend Payout Ratio (NP) (%) 13.0232.870.000.0014.74
Dividend Payout Ratio (CP) (%) 4.155.360.000.005.37
Earning Retention Ratio (%) 86.9867.130.000.0085.26
Cash Earning Retention Ratio (%) 95.8594.640.000.0094.63
Interest Coverage Ratio (X) 7.285.945.638.1413.47
Interest Coverage Ratio (Post Tax) (X) 2.811.751.431.185.14
Enterprise Value (Cr.) 1681.461399.671182.181203.58946.83
EV / Net Operating Revenue (X) 2.011.931.802.161.78
EV / EBITDA (X) 17.2618.4917.2822.5711.36
MarketCap / Net Operating Revenue (X) 1.861.781.672.031.64
Retention Ratios (%) 86.9767.120.000.0085.25
Price / BV (X) 3.342.892.492.581.99
Price / Net Operating Revenue (X) 1.861.781.672.031.64
EarningsYield 0.010.010.000.000.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Igarashi Motors India Ltd. is a Public Limited Listed company incorporated on 10/01/1992 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L29142TN1992PLC021997 and registration number is 021997. Currently company belongs to the Industry of Electric Equipment - General. Company's Total Operating Revenue is Rs. 838.42 Cr. and Equity Capital is Rs. 31.48 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Electric Equipment - GeneralPlots No. B-12 To B-15, Chennai (Madras) Tamil Nadu 600045Contact not found
Management
NamePosition Held
Mr. K K NohriaChairman Emeritus
Mr. Hemant M NerurkarChairman, Non Ind & Non Exe Director
Mr. R ChandrasekaranManaging Director
Mr. Thomas Francis McKeoughNon Exe.Non Ind.Director
Mr. Haruo IgarashiNon Exe.Non Ind.Director
Mr. L RamkumarInd. Non-Executive Director
Mrs. S M VinodhiniInd. Non-Executive Woman Director

FAQ

What is the intrinsic value of Igarashi Motors India Ltd and is it undervalued?

As of 29 April 2026, Igarashi Motors India Ltd's intrinsic value is ₹333.95, which is 13.48% lower than the current market price of ₹386.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (5.30 %), book value (₹148), dividend yield (0.65 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Igarashi Motors India Ltd?

Igarashi Motors India Ltd is trading at ₹386.00 as of 29 April 2026, with a FY2026-2027 high of ₹665 and low of ₹271. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,214 Cr..

How does Igarashi Motors India Ltd's P/E ratio compare to its industry?

Igarashi Motors India Ltd has a P/E ratio of 89.2, which is above the industry average of 73.49. The premium over industry average may reflect growth expectations or speculative interest.

Is Igarashi Motors India Ltd financially healthy?

Key indicators for Igarashi Motors India Ltd: ROCE of 7.73 % is on the lower side compared to the industry average of 16.47%; ROE of 5.30 % is below ideal levels (industry average: 16.01%). Dividend yield is 0.65 %.

Is Igarashi Motors India Ltd profitable and how is the profit trend?

Igarashi Motors India Ltd reported a net profit of ₹24 Cr in Mar 2025 on revenue of ₹838 Cr. Compared to ₹1 Cr in Mar 2022, the net profit shows an improving trend.

Does Igarashi Motors India Ltd pay dividends?

Igarashi Motors India Ltd has a dividend yield of 0.65 % at the current price of ₹386.00. The company pays dividends, though the yield is modest.

Last Updated: April 25, 2026, 10:49 pm
Author: Getaka|Social: XLinkedIn
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Igarashi Motors India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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