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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Igarashi Motors India Limited is engaged in the manufacture of micro motors and its accessories for the automotive sector and motors for brushless DC motors (BLDC) for fans. The Company is primarily engaged in the production and export of Permanent Magnet DC Motors for…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, fast-growing business, reasonably priced.
Igarashi Motors India is scored on the commodity / cyclical framework. It keeps a thin 1.4% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 7.72× reported profit. Free cash flow is worth about 2.6% of its market value.
Over the last 3 years revenue compounded at 9%/yr and profit at 32%/yr. Book value has been broadly flat (2.0%/yr). Return on equity is a weak -9.7%. In the latest quarter profit grew 326% versus the prior quarter.
At 95× earnings, the stock sits at the 31st percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~26%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 70.36 | 26.37 | worse |
| P/B | 2.47 | 6.26 | better |
| EV/EBITDA | 14.36 | 18.09 | better |
| ROE | -9.69 | 6.99 | worse |
| ROCE | 0.6 | — | — |
| ROA | 0.8 | — | — |
| Quick Ratio | 0.74 | 1.61 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| BHEL | 50.7 | 5.5 | 10.8% |
| ABB India | 70.7 | 47.9 | 22.4% |
| CG Power | 89.3 | 13.9 | 15.7% |
Revenue has grown every year across all 4 financial years shown. 9% CAGR — growing but slowly. Growth is decelerating — latest year grew slower than the year before.
Profit is on a 2-year growth streak. Profit is growing faster than revenue (32% vs 9%) — margin expansion is at work. The latest year saw a -50% swing — check if it's a one-off or structural.
Operating margins have been stable around 2% — no major structural shift.
ROE at 3% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. 32% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 7.7× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 11% sequentially — momentum is building. Run-rate stepping up — recent quarters average 10% above earlier ones.
Profit jumped 326% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 75.0% — heavily owner-operated with strong skin in the game. MF holding up 2.3pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.