Annual reportAug 2026
Aug 2026 · Notice Of 34Th Annual General Meeting And Annual Report For The Financial Year 2025-26 13 Jul - 34th AGM on August 7, 2026; annual report circulated, with e-voting from August 4-6.
Source: Bse
Igarashi Motors India Limited (IGARASHI)
Small CapAuto stocks · Small cap · NSE
Igarashi Motors India Limited operates in Auto Components, within the Auto sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityVerify one data layerQuote updated 21 Oct, 05:57 pm ISTDetails
Quote21 Oct, 05:57 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result06 Aug, 06:16 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage8/14 · 57%
Valuation2026-07-20 · Rf 6.8% · Auto P/E 25.7 (n=127)
Technical timing lens
Trend score and candlestick chart
35BearishSMA20 -4.2% / mo · MACD − · sector -2.2pp vs Nifty 500 (3M)
Stock trend: 29
Sector RS: 44
Sector 3M: -7.8% vs Nifty 500 -5.6%
Auto FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
IGARASHID candles · FIT view-5.2%Latest close ₹371.95 on 2026-10-21
Bar
-4.8%
RSI
33
MACD hist
-1.24
52W pos
38%
2026-10-21O ₹390.60H ₹393.25L ₹370.00C ₹371.95Vol 65,550 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
IGARASHINifty AutoNifty 500
- IGARASHI
- -18.7%
- Nifty 500
- -6.5%
- Nifty Auto
- -7.8%
- Vs Nifty 500
- -12.2 pp
Chart stats
21 Oct 2026- From 52W high
- -32.4%
- 52W range position
- 36%
- ATR (14)
- 4.1%
- Volume vs 20D
- 1.32x
- Avg traded value
- ₹2 Cr
- 20D price channel
- ₹370 - ₹439.7
₹550
₹271.1 - ₹550
₹15.2
Latest completed session
20-session average
34.7% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED8
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent77
Revenue +22.6% · PAT +169.7% YoY
Technical
Bearish35
Price trend and sector-relative-strength timing.
Valuation
Legacy model—
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence56
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 77/100Rev +23% YoY · PAT +170% YoY · +11% QoQ · operating leverage · margin compression
Filed 06 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹250.9 Cr | +22.6% | +11.0% |
| EBITDA | ₹24.5 Cr | +25.0% | +27.2% |
| Operating margin | 9.8% | +19 bps | +124 bps |
| PAT | ₹6.8 Cr | +169.7% | +325.8% |
| PAT margin | 2.7% | +147 bps | +200 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- —
- EV/EBITDA
- 214.67
- Market Cap
- 1226.00Cr
Profitability
- ROE
- -6.68%
- ROCE
- —
- ROA
- 0.53%
- Dividend Y
- 0.33%
Growth (CAGR)
- Revenue 5Y
- -6.00%
- EPS 5Y
- -6.00%
- Revenue 3Y
- -14.00%
- EPS 3Y
- -14.00%
Balance Sheet
- Debt/Equity
- 0.87
- Interest Coverage
- —
- Altman Z
- 7.50
- Book Value
- —
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- -25.00 Cr
- EPS TTM
- —
Shareholding
- Promoter Hold
- 75.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 41%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 251+11.0% vs prev
Net Profit
₹ CrLatest: 6.8+325.8% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 33.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~4.4% over last month) — short-term momentum negative.
- RSI(14) at 33 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 31% off 52W high · 37% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
40
RS percentile
Stage 1 Base / Transition
1M return
-12.3%
3M return
-18.7%
6M return
+1.8%
1Y return
-27.0%
RS 1D
-7
RS 20D
-13
Sector rank
#5
Industry rank
#30
Stage evidence
- Price is 8.3% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +2.4% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 78.31-4.70%
RS vs Nifty 50078
Valuation & peers
U-Score 8 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 8 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation2/30
Growth0/25
Quality0/20
Balance Sheet6/15
Cash Flow0/10
Piotroski
1/9 (+0)
Penalties
0
Raw sum
8
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
8/100 · legacy band OVERVALUED
Positive drivers
- Balance sheet contributes 6/15 to the score.
- Valuation contributes 2/30 to the score.
- Growth contributes 0/25 to the score.
Main drags
- Growth is weaker at 0/25; verify the latest quarterly trend.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Cash flow is weaker at 0/10; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
—
PB
—
EV/EBITDA
214.7
ROE
-6.7%
ROCE
—
FCF Yield
—
Debt/Equity
0.9
MoS
—
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
8
Previous: 8
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
8
8
8
8
8
8
8
8
8
8
8
8
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
4.8
Growth-justified Value
—
— MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MUNJALAU
Small
Munjal Auto Industries Limited
Auto Components
match 170
20
20.6
3.7%
-294%
OVERVALUED
TIRUPATIFL
Small
Tirupati Forge Limited
Auto Components
match 168
34
160.0
5.2%
-271%
WATCHLIST
RICOAUTO
Small
Rico Auto Industries Limited
Auto Components
match 167
31
45.5
7.7%
-33%
OVERVALUED
OMAXAUTO
Small
Omax Autos Limited
Auto Components
match 164
24
—
-3.0%
-3399%
OVERVALUED
KALYANIFRG
Small
Kalyani Forge Limited
Auto Components
match 162
46
27.8
10.1%
+41%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Igarashi Motors India Limited operates in Auto Components, within the Auto sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
56Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 18th percentile of the scored universe and 7th percentile within Auto. Main check: cash conversion is weak at 28/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
8 docs text-extracted · 5 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
18th percentile
overall median 67 · Auto: 7th pctile, median 74 · Small: 20th pctile, median 66
Evidence depth
Financial-only
8 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
73
acceptable · leverage and solvency
Discipline
52
watch · capital discipline
Results
47
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 75%.
- ▸Promoter pledge is zero.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸OPM spread across recent quarters is 3.6%.
Trust risks
- ▸Operating cash flow is negative at ₹-25 Cr.
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸Only 0 years of positive FCF.
- ▸ROE is low at -6.7%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Igarashi Motors India Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportAug 2026
Aug 2026 · Reg. 34 (1) Annual Report. 13 Jul - 34th AGM on August 7, 2026; annual report FY2025-26 circulated, e-voting July 31-August 6.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Jul - Newspaper publication regarding the notice of 34th AGM
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 22 May
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.