# Igarashi Motors India share price today (Igarashi Motors India Ltd, NSE: IGARASHI)

> Igarashi Motors India share price today: ₹369.10 at the NSE close on 3 November 2026, down 26.9% in a year. Igarashi Motors India (NSE: IGARASHI) is worth ₹1,163 crore, trades at a P/E of 70.9 and has closed between ₹294.60 and ₹493.75 over the past 52 weeks. > Igarashi Motors India Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. IGARASHI · Capital Goods - Electric General · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/igarashi-motors-india-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹369.10 (−26.9% in a year)
- P/E: 70.9× (higher than 65% of the last 11 years)
- Revenue (Jun 2026): ₹251 Cr (+22.5% on a year ago)
- Profit (Jun 2026): ₹6.8 Cr (+169.7% on a year ago)
- Operating margin: 9.8% (+0.2 points on a year ago)
- ROCE: 5%, FY26
- ROIC: 4.6%, against a 12.0% cost of capital: −7.4 points

Biggest thing to watch: the P/E is higher than 65% of its own history, so the multiple has already done part of the work. ## What is the Igarashi Motors India share price today? Igarashi Motors India Ltd's share price was ₹369.10 at the close on 3 November 2026. It has been falling for 3 weeks. That is 12.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹295 and ₹494, and at that close it sat 37% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 9 weeks running. Over the last 11 years the share price moved −17% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 4 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Igarashi Motors India this quarter? 1. Profit grew again in the June 2026 quarter Profit was ₹7 crore, +169.7% on a year earlier (₹3 crore), after 5 quarters of decline. 3. Revenue up on a year earlier for 4 quarters in a row In the June 2026 quarter revenue was ₹251 crore, +22.5% on a year earlier. ## What are Igarashi Motors India's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Igarashi Motors India reported revenue of ₹251 crore, up 22.5% from ₹205 crore a year earlier, and a profit of ₹6.77 crore, up 169.7% from ₹2.51 crore. ### Igarashi Motors India results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹251 crore | ₹205 crore | +22.5% |
| Profit | ₹6.77 crore | ₹2.51 crore | +169.7% |
| Earnings per share | ₹2.15 | ₹0.80 | +168.7% |
| Operating margin | 9.8% | 9.6% | +0.2 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Igarashi Motors India share price history? Igarashi Motors India closed at ₹369.10 on 3 November 2026, down 26.9% from ₹504.60 a year earlier (31 October 2025) and down 31.2% over five years. Its highest weekly close since March 2016 was ₹975.16 on 16 June 2017. ### Igarashi Motors India share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹355.90 | +3.7% |
| 1 month ago · 1 Oct 2026 | ₹399.25 | −7.6% |
| 6 months ago · 30 Apr 2026 | ₹387.30 | −4.7% |
| 1 year ago · 31 Oct 2025 | ₹504.60 | −26.9% |
| 3 years ago · 3 Nov 2023 | ₹583.80 | −36.8% |
| 5 years ago · 4 Nov 2021 | ₹536.35 | −31.2% |
| 10 years ago · 4 Nov 2016 | ₹685.20 | −46.1% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹445.96 | −17.2% |
| Highest weekly close since March 2016 · 16 Jun 2017 | ₹975.16 | −62.1% |
| Lowest weekly close since March 2016 · 3 Apr 2020 | ₹154.30 | +139.2% |
| 52-week high (weekly close) · 3 Jul 2026 | ₹493.75 | −25.2% |
| 52-week low (weekly close) · 2 Apr 2026 | ₹294.60 | +25.3% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Igarashi Motors India? 3 Nov 2026: Igarashi Motors India closed at ₹369.10, up 3.7% on the week and down 7.6% on the month. 31 Jul 2026: ex-date for a dividend of ₹1.30 a share. ### Earlier

- Results for April to June 2026: Revenue up 22.5% and profit up 169.7% on a year earlier. ## What dividend does Igarashi Motors India pay? Igarashi Motors India paid ₹1.30 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.35% at the ₹369.10 close on 3 November 2026. The last was a dividend of ₹1.30 a share, ex-date 31 July 2026. ### Igarashi Motors India dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 31 Jul 2026 | ₹1.30 | Dividend |
| 31 Jul 2025 | ₹2.50 | Dividend |
| 31 Jul 2024 | ₹1 | Dividend |
| 31 Jul 2023 | ₹1 | Dividend |
| 29 Jul 2021 | ₹1.50 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 4 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Igarashi Motors India Ltd paid out 34% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## Which stock lists is Igarashi Motors India on? Igarashi Motors India is not on any of our India lists this week. ## Is Igarashi Motors India profitable? Igarashi Motors India Ltd earned ₹6.8 Cr of net profit in the Jun 2026 quarter, +169.7% on the same quarter a year earlier. Full-year FY26 profit was ₹12.0 Cr. Over 10 years profit has grown −15.4% a year on average. That is 2.7% of the quarter's revenue. The same quarter a year earlier earned ₹2.5 Cr. For the full year, FY26 profit was ₹12.0 Cr (−50.0% on the year before). Why profit moved: revenue changed +22.5% on a year earlier and the margin moved +0.2 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +11.9% and revenue +11.4%. Profit and revenue are moving at about the same pace. ## How much revenue does Igarashi Motors India make, and is it growing? Igarashi Motors India Ltd reported ₹251 Cr of revenue in the Jun 2026 quarter, +22.5% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 6.9% a year on average. The last full year, FY26, came in at ₹866 Cr. The last four reported quarters add to ₹912 Cr. FY26 revenue was ₹866 Cr, +3.3% on the year before. Recent pace: the last four quarters grew +11.4% on average, against 6.9% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +11.1%, against +8.2% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −11.4%, against +0.2% a year (rolling over). ## How much of every ₹100 of sales does Igarashi Motors India keep? Igarashi Motors India Ltd's operating margin was 9.8% in the Jun 2026 quarter, 0.2 percentage points higher than the same quarter a year ago. Across 13 years it has been between 8.0% and 24.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +0.2 percentage points on the year while gross margin changed −1.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Igarashi Motors India's profit turning into cash? Over the last 3 years, 517% of Igarashi Motors India Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹94.0 Cr of operating cash against ₹12.0 Cr of profit. After ₹89.0 Cr of spending on assets, ₹5.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 517% of profit came in as cash: the cash cycle got 30 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does Igarashi Motors India's cash go? Igarashi Motors India Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 61 days in FY26, down from 91 days in FY21. It spent ₹232 Cr on assets over the last 3 years. Customers take 91 days to pay, and stock sits for 75 days on average. At FY26 sales of ₹866 Cr, each day of that cycle ties up about ₹2.4 Cr, so roughly ₹145 Cr is tied up in the business at any time. FY26: customers took 91 days to pay and stock sat for 75 days, about 2.5 months of sales sitting as stock, for a full cycle of 61 days, shorter than FY21's 91. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 75 days. Customers pay about 91 days after that. Suppliers are paid at 106 days. Together that makes the 61-day cycle. Spending on assets: ₹232 Cr over the last 3 years, against ₹158 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹53.0 Cr (FY26): assets paid for that are not earning yet. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is Igarashi Motors India's P/E ratio, and how does it compare with its own history? Igarashi Motors India Ltd's P/E is 70.9×, in the middle of its own history: higher than 65% of past readings. Its usual P/E (the middle reading) is 49.4×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −49.7% while the price moved −26.9%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved −7.2% a year; about −16.3% a year came from earnings growth and about +9.1 percentage points from the multiple (the market paying more); over 10 years the price moved −6.0% a year; about −13.0% a year came from earnings growth and about +7.0 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Igarashi Motors India business getting better or worse? Igarashi Motors India Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −11.4% in the latest quarter, against +152.0% at its best in 12 quarters, with ROCE steady at 6.0%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Igarashi Motors India earn on its capital? Igarashi Motors India Ltd earned a ROCE of 5% in FY26. That is up from a low of 2% in FY22. Its return on capital used (ROIC) is 7.4 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 1.4% net margin and 1.04× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 1.4% net margin × 1.04× asset turnover × 1.79× leverage (assets divided by equity) ≈ 2.6% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 4.6% − 12.0% = −7.4 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Igarashi Motors India have too much debt? Igarashi Motors India Ltd has total debt of ₹147 Cr against shareholder equity of ₹467 Cr as of Jun 2026, so its debt is 0.31× its equity. Year by year, that ratio went from 0.23 in FY22 to 0.31 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Igarashi Motors India shareholding pattern? Domestic institutions raised their stake in Igarashi Motors India Ltd by 1.9 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 3.6% of the company. Foreign institutions moved −0.9 points over the same period, to 0.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +1.9 points over 8 quarters, to 3.6%; Foreign institutions: −0.9 points over 8 quarters, to 0.0%; Promoters: +0.0 points over 8 quarters, to 75.0%. Why the owners changed: domestic institutions drove it (+1.9 points), with the other side taken by foreign institutions (−0.9 points). They raised their stake step by step. ## How far is Igarashi Motors India from balance-sheet trouble? For Igarashi Motors India Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Igarashi Motors India rank in its industry? 23.4 out of 100, rank 19 of 19 in Capital Goods - Electric General, with 89% of the evidence available. Igarashi Motors India Ltd scores 23.4 out of 100 against the 19 companies it is compared with in Capital Goods - Electric General, ranking 19. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 11.3 + 4.7 + 4 + 3.4 = 23.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Igarashi Motors India compared with? Igarashi Motors India ranks 19 of 19 Capital Goods - Electric General companies on the 4-Factor Sector Score, with 23.4 out of 100. 1. [Modison Ltd](https://www.sectoralpha.in/stocks/modison-ltd) MODISONLTD · leader · Most evidence points up · 100% evidence 78.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 84.9% · Profit 100% · Operating margin change -2 points · 100% evidence Capital efficiency 17.1/25 · ROCE 31% · Operating margin 11% · 100% evidence Valuation 15.1/20 · P/E 9.6× · PEG 0.46 · 100% evidence Relative strength 18.7/20 · Lead over its industry 47.3% · Lead over NIFTY 500 46.8% · 1 year 128.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 27.1 + 17.1 + 15.1 + 18.7 = 78 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Rishabh Instruments Ltd](https://www.sectoralpha.in/stocks/rishabh-instruments-ltd) RISHABH · leader · Most evidence points up · 96% evidence 68.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.8/35 · Revenue 5.8% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 16.9/25 · ROCE 14.5% · Operating margin 17% · 100% evidence Valuation 10.8/20 · P/E 30× · PEG 1.24 · 100% evidence Relative strength 16.3/20 · Lead over its industry 22.8% · Lead over NIFTY 500 25.5% · 1 year 52.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.8 + 16.9 + 10.8 + 16.3 = 68.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Spectrum Electrical Industries Ltd](https://www.sectoralpha.in/stocks/spectrum-electrical-industries-ltd) SPECTRUM · leader · Most evidence points up · 89% evidence 68.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 40.8% · Profit 92.3% · Operating margin change 1 points · 88% evidence Capital efficiency 17.2/25 · ROCE 17.8% · Operating margin 15% · 100% evidence Valuation 6.7/20 · P/E 135× · PEG 1.9 · 65% evidence Relative strength 20.0/20 · Lead over its industry 119.7% · Lead over NIFTY 500 122.5% · 1 year 158.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.3 + 17.2 + 6.7 + 20 = 68.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [Modern Insulators Ltd](https://www.sectoralpha.in/stocks/modern-insulators-ltd) MODINSULAT · turning · Most evidence points up · 78% evidence 68.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.5/35 · Revenue 41.6% · Profit 100% · Operating margin change 8 points · 83% evidence Capital efficiency 18.3/25 · ROCE 19.3% · Operating margin 17% · 76% evidence Valuation 7.7/20 · P/E 22.4× · PEG n/a · 50% evidence Relative strength 12.6/20 · Lead over its industry 35.3% · Lead over NIFTY 500 36.4% · 1 year 195.4% · 100% evidence · 4 of 12 weeks ahead Exact sum: 29.5 + 18.3 + 7.7 + 12.6 = 68.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [V-Guard Industries Ltd](https://www.sectoralpha.in/stocks/v-guard-industries-ltd) VGUARD · quiet · Evidence leans up · 100% evidence 62.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.7/35 · Revenue 21.5% · Profit 41.7% · Operating margin change 1 points · 100% evidence Capital efficiency 16.1/25 · ROCE 18.4% · Operating margin 9% · 100% evidence Valuation 14.7/20 · P/E 28.7× · PEG 1.12 · 100% evidence Relative strength 7.3/20 · Lead over its industry -12.4% · Lead over NIFTY 500 -7.7% · 1 year -22.7% · 100% evidence · 5 of 12 weeks ahead Exact sum: 24.7 + 16.1 + 14.7 + 7.3 = 62.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Insolation Energy Ltd](https://www.sectoralpha.in/stocks/insolation-energy-ltd) INA · quiet · Evidence leans up · 81% evidence 59.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.3/35 · Revenue 81.7% · Profit 45.2% · Operating margin change -6 points · 88% evidence Capital efficiency 16.5/25 · ROCE 22.4% · Operating margin 10% · 100% evidence Valuation 19.5/20 · P/E 7.8× · PEG 0.23 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -36.5% · 1 year -61.5% · 25% evidence · 0 of 12 weeks ahead Exact sum: 16.3 + 16.5 + 19.5 + 7.5 = 59.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Alpex Solar Ltd](https://www.sectoralpha.in/stocks/alpex-solar-ltd) ALPEXSOLAR · quiet · Evidence leans up · 64% evidence 57.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Revenue 100% · Profit 61.3% · Operating margin change -1 points · 88% evidence Capital efficiency 19.7/25 · ROCE 44.8% · Operating margin 15% · 100% evidence Valuation 11.3/20 · P/E 8.4× · PEG n/a · 15% evidence Relative strength 7.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -21.8% · 1 year -45% · 25% evidence · 1 of 12 weeks ahead Exact sum: 18.7 + 19.7 + 11.3 + 7.9 = 57.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Ravindra Energy Ltd](https://www.sectoralpha.in/stocks/ravindra-energy-ltd) RELTD · quiet · Evidence leans up · 79% evidence 54.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.3/35 · Revenue 28.2% · Profit 53% · Operating margin change 14.6 points · 88% evidence Capital efficiency 15.3/25 · ROCE 14.4% · Operating margin 31.8% · 100% evidence Valuation 9.4/20 · P/E 44.7× · PEG n/a · 15% evidence Relative strength 4.1/20 · Lead over its industry -8.7% · Lead over NIFTY 500 -4.4% · 1 year -16.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 25.3 + 15.3 + 9.4 + 4.1 = 54.1 · What this means: Earnings are strong; relative strength in its sector is -8.7% and the one-year return is -16.4%. 9. [IKIO Technologies Ltd](https://www.sectoralpha.in/stocks/ikio-technologies-ltd) IKIO · quiet · Evidence leans up · 78% evidence 53.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.2/35 · Revenue 34.5% · Profit 100% · Operating margin change 4 points · 83% evidence Capital efficiency 9.5/25 · ROCE 9.5% · Operating margin 13% · 76% evidence Valuation 13.1/20 · P/E 26.8× · PEG n/a · 50% evidence Relative strength 5.5/20 · Lead over its industry -5.4% · Lead over NIFTY 500 -1.9% · 1 year -22.8% · 100% evidence · 7 of 12 weeks ahead Exact sum: 25.2 + 9.5 + 13.1 + 5.5 = 53.3 · What this means: Earnings are strong; relative strength in its sector is -5.4% and the one-year return is -22.8%. 10. [Siemens Ltd](https://www.sectoralpha.in/stocks/siemens-ltd) SIEMENS · losing its lead · Evidence leans up · 78% evidence 50.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Revenue 13.2% · Profit 33.7% · Operating margin change -4 points · 83% evidence Capital efficiency 17.2/25 · ROCE 21.4% · Operating margin 9% · 76% evidence Valuation 5.5/20 · P/E 78.2× · PEG n/a · 50% evidence Relative strength 8.8/20 · Lead over its industry -4.2% · Lead over NIFTY 500 -0.3% · 1 year 6.7% · 100% evidence · 7 of 12 weeks ahead Exact sum: 19.3 + 17.2 + 5.5 + 8.8 = 50.8 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 11. [Swelect Energy Systems Ltd](https://www.sectoralpha.in/stocks/swelect-energy-systems-ltd) SWELECTES · turning · Evidence leans down · 89% evidence 48.9 out of 100 Growth Capital Valuation Relative
12. [HPL Electric & Power Ltd](https://www.sectoralpha.in/stocks/hpl-electric-power-ltd) HPL · quiet · Evidence leans down · 81% evidence 48.3 out of 100 Growth Capital Valuation Relative
13. [Kirloskar Electric Company Ltd](https://www.sectoralpha.in/stocks/kirloskar-electric-company-ltd) KECL · quiet · Evidence leans down · 79% evidence 43.3 out of 100 Growth Capital Valuation Relative
14. [Salzer Electronics Ltd](https://www.sectoralpha.in/stocks/salzer-electronics-ltd) SALZERELEC · quiet · Evidence leans down · 81% evidence 41.4 out of 100 Growth Capital Valuation Relative
15. [Servotech Renewable Power System Ltd](https://www.sectoralpha.in/stocks/servotech-renewable-power-system-ltd) SERVOTECH · basing · Evidence leans down · 78% evidence 39.7 out of 100 Growth Capital Valuation Relative
16. [Honda India Power Products Ltd](https://www.sectoralpha.in/stocks/honda-india-power-products-ltd) HONDAPOWER · quiet · Evidence leans down · 81% evidence 39.4 out of 100 Growth Capital Valuation Relative
17. [Exicom Tele-Systems Ltd](https://www.sectoralpha.in/stocks/exicom-tele-systems-ltd) EXICOM · quiet · Evidence leans down · 68% evidence 38.9 out of 100 Growth Capital Valuation Relative
18. [Focus Lighting & Fixtures Ltd](https://www.sectoralpha.in/stocks/focus-lighting-fixtures-ltd) FOCUS · Most evidence points down · 69% evidence 24.4 out of 100 Growth Capital Valuation Relative
19. Igarashi Motors India Ltd this page IGARASHI · quiet · Most evidence points down · 89% evidence 23.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.3/35 · Revenue 11.1% · Profit -11.4% · Operating margin change 0.2 points · 88% evidence Capital efficiency 4.7/25 · ROCE 4.6% · Operating margin 9.8% · 100% evidence Valuation 4.0/20 · P/E 67.8× · PEG 6.4 · 65% evidence Relative strength 3.4/20 · Lead over its industry -12.4% · Lead over NIFTY 500 -8.6% · 1 year -30.1% · 100% evidence · 6 of 12 weeks ahead Exact sum: 11.3 + 4.7 + 4 + 3.4 = 23.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Capital Goods - Electric General](https://www.sectoralpha.in/sectors/capital-goods-electric-general), all 19 compared on one page. ## Which companies are close to Igarashi Motors India in size? Igarashi Motors India is the 15th largest of 19 Capital Goods - Electric General companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: IKIO Technologies, Modern Insulators and Modison. Just below it: Swelect Energy Systems, Salzer Electronics and Kirloskar Electric Company. ### Capital Goods - Electric General companies close in size

1. [IKIO Technologies Ltd](https://www.sectoralpha.in/stocks/ikio-technologies-ltd) ₹1,244 crore
2. [Modern Insulators Ltd](https://www.sectoralpha.in/stocks/modern-insulators-ltd) ₹1,122 crore
3. [Modison Ltd](https://www.sectoralpha.in/stocks/modison-ltd) ₹1,117 crore
4. Igarashi Motors India Ltd ₹1,112 crore
5. [Swelect Energy Systems Ltd](https://www.sectoralpha.in/stocks/swelect-energy-systems-ltd) ₹885 crore
6. [Salzer Electronics Ltd](https://www.sectoralpha.in/stocks/salzer-electronics-ltd) ₹824 crore
7. [Kirloskar Electric Company Ltd](https://www.sectoralpha.in/stocks/kirloskar-electric-company-ltd) ₹724 crore

[All 19 Capital Goods - Electric General companies, largest first](https://www.sectoralpha.in/sectors/capital-goods-electric-general#all-companies)

### Companies close in size in other industries

1. [Matrimony.com Ltd](https://www.sectoralpha.in/stocks/matrimonycom-ltd) ₹1,116 crore · Platform - Matrimony
2. [3B Blackbio DX Ltd](https://www.sectoralpha.in/stocks/3b-blackbio-dx-ltd) ₹1,112 crore · Diagnostics
3. Igarashi Motors India Ltd ₹1,112 crore
4. [Roto Pumps Ltd](https://www.sectoralpha.in/stocks/roto-pumps-ltd) ₹1,108 crore · Pumps
5. [Mangalam Worldwide Ltd](https://www.sectoralpha.in/stocks/mangalam-worldwide-ltd) ₹1,105 crore · Steel

## What else do people ask about Igarashi Motors India? ### What is Igarashi Motors India's share price today? Igarashi Motors India Ltd's share price is ₹369.10, −26.9% over the past year. The whole company is worth ₹1,163 Cr on the market. In the last 52 weeks it traded between ₹295 to ₹494; today it is 37% of the way up from the low, 12.2% below its 200-day average (as of 3 November 2026). ### What were Igarashi Motors India's latest quarterly results? Igarashi Motors India Ltd reported revenue of ₹251 Cr and net profit of ₹6.8 Cr for the Jun 2026 quarter. Revenue rose 22.5% and profit rose 169.7% compared with a year earlier. Earnings per share were ₹2.15. The operating margin was 9.8%, 0.2 percentage points higher than a year earlier (as of 3 November 2026). ### What is Igarashi Motors India's market cap? Igarashi Motors India Ltd's market capitalisation is ₹1,163 Cr at a share price of ₹369.10. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Igarashi Motors India performing? Igarashi Motors India Ltd's share price has been falling for 3 weeks. In its latest quarter, revenue rose 22.5% and profit rose 169.7% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 9 weeks running (as of 3 November 2026). ### Will Igarashi Motors India's share price go up? This page does not forecast Igarashi Motors India Ltd's share price. What it shows instead: the share price is ₹369.10, and it has been falling for 3 weeks. Its P/E of 70.9× is higher than 65% of its own last 11 years (as of 3 November 2026). ### Who owns Igarashi Motors India? Promoters own 75.0% of Igarashi Motors India Ltd, foreign institutions 0.0%, domestic institutions 3.6% and the public 21.3% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 1.9 percentage points over 8 quarters (as of 3 November 2026). ### Does Igarashi Motors India have too much debt? Igarashi Motors India Ltd has a moderate amount of debt: its debt is 0.31× its equity, and its operating profit is 7 times its interest bill. FY26 borrowings were ₹145 Cr against equity of ₹466 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Igarashi Motors India in its business cycle? Igarashi Motors India Ltd's FY26 operating margin was 10.0%, against a 13-year range of 8.0% to 24.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 9.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Igarashi Motors India story? Biggest thing to watch: the P/E is higher than 65% of its own history, so the multiple has already done part of the work. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Igarashi Motors India a stock worth studying right now? What the numbers show: Igarashi Motors India Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.