Igarashi Motors Share Price

Igarashi Motors India Limited (IMIL) is a leading manufacturer of micro motors and automotive actuators, serving as a key Tier-2 supplier to the global automotive industry. The company designs and produces a range of Permanent Magnet DC motors for powertrain and seat applications, electric parking brakes (EPB), trunk opening and closing devices (TOCD), park lock actuators (PLA), and BLDC motors for EV traction platforms and consumer appliances. The Igarashi Motors share price today on the NSE and BSE is a reflection of how market participants respond to a company’s performance and broader business developments within its industry. It captures the sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries.

Market sentiment around the Igarashi Motors stock price often mirrors shifts in passenger vehicle production, EV adoption rates, and investor views on the auto ancillary sector’s growth prospects. Factors such as the pace of new product development, competitive intensity from domestic and international players, raw material cost inflation (including copper, steel, and magnets), and government policies on EV adoption influence near-term market valuation and medium-term earnings forecasts. All these factors must be closely monitored to have an idea about the Igarashi Motors stock price movements.

Igarashi Motors live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant monitoring of Igarashi Motors live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market.

Furthermore, monitoring the Igarashi Motors share price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook.

Igarashi Motors India Limited Company Fundamentals

a. Company Background

Igarashi Motors India Limited was incorporated in 1992. The company’s registered office is located in Chennai, Tamil Nadu, India. The company was originally incorporated as CG Igarashi Motors Limited on January 10, 1992, as a joint venture between Crompton Greaves Ltd. and Igarashi Electric Works Ltd. of Japan. It changed its name to Igarashi Motors India Limited in July 2003. IMIL’s primary activity involves the manufacture and export of Permanent Magnet DC motors for powertrain and seat applications and motor accessories for the automotive sector. The company commenced its journey as a contract manufacturer in 1996 and has since populated over 500 million DC motors for usage in actuator applications in passenger cars. It ventured into the design and development of critical automotive applications in 2000 and has developed actuator motors for Electronic Throttle Control (ETC) applications. The company is a subsidiary of Agile Electric Sub Assembly Private Limited and has a presence in Tier-2 automotive component supply. Over the years, IMIL has significantly expanded its product portfolio to include electric parking brakes, trunk opening and closing devices, park lock actuators, BLDC motors, and EV traction motor platforms. The company has a strong 43% market share in the domestic passenger car market for its products and has a presence in the United States, Japan, Germany, Hong Kong, and internationally.

b. Product Lines

• Electric parking brake (EPB) actuators for passenger vehicle braking systems

• Trunk opening and closing device (TOCD) for automated boot operation

• Park lock actuators (PLA) for automatic transmission systems

• Electric vacuum pump (EVP) for braking assistance in EVs and conventional vehicles

• Head rest actuators for adjustable automotive seating

• BLDC motors for EV traction motor platforms and consumer appliance applications (including ceiling fans)

• Electronic System Design and Manufacturing (ESDM) for electronic components and assemblies

• Energy-efficient BLDC motors for consumer appliance segment including ceiling fans

• Electronic Throttle Control (ETC) actuator motors for engine management systems

• Printed circuit boards (PCBs) for various electronic applications

c. Company Revenue Model

• Primary revenue from the sale of micro motors and actuators to automotive OEMs and Tier-1 suppliers

• Volume-driven revenue based on the quantity of motors supplied for passenger vehicle production

• Revenue from exports to international markets, with the company having a presence in the US, Japan, Germany, and Hong Kong

• Revenue from non-automotive segments including BLDC motors for energy-efficient consumer appliances (ceiling fans)

• Revenue from Electronic System Design and Manufacturing (ESDM) services

• Long-term contracts and supply agreements with major automotive OEMs providing revenue stability

• Seasonal variations in demand for automotive components affecting revenue patterns throughout the year

• Government policy changes on EV adoption and automotive production influencing revenue stability

d. Geographic Presence

• Strong presence across India with manufacturing facilities located in Chennai at the MEPZ-SEZ (Special Economic Zone)

• Registered office and manufacturing operations concentrated in Chennai, Tamil Nadu

• Presence in international markets including the United States, Japan, Germany, Hong Kong, and internationally

• Export-oriented business model with significant revenues derived from overseas markets

• Serves a global customer base including major automotive OEMs and Tier-1 suppliers

• Digital platform enabling customer acquisition across domestic and international markets

• Operations primarily concentrated in India with a strong export focus to developed markets

e. Key Milestones

• 1992: Incorporated as CG Igarashi Motors Limited on January 10 as a joint venture between Crompton Greaves Ltd. and Igarashi Electric Works Ltd., Japan

• 1996: Commenced operations as a contract manufacturer

• 2000: Ventured into design and development of critical automotive applications

• 2000: Developed actuator motor for Electronic Throttle Control (ETC) application

• 2003: Changed name to Igarashi Motors India Limited in July

• Stock exchange listing: Listed on NSE and BSE

• Achieved population of over 500 million DC motors for usage in actuator applications in passenger cars

• Holds a strong 43% market share in the domestic passenger car market

f. Industry Perspective

Igarashi Motors India Limited operates in the automotive components industry, specifically within the micro motors and actuators segment. Globally, the automotive micro motor market was valued at approximately USD 15-18 billion in 2025 and is projected to grow at a compound annual growth rate (CAGR) of 6-8% from 2025 to 2030, driven by increasing vehicle electrification, automation of comfort features (EPB, TOCD), and demand for energy-efficient components. In India, the auto component industry is poised for substantial growth. According to ACMA, the Indian auto component industry is expected to reach USD 200 billion by 2026 from approximately USD 57 billion in 2023. The domestic automobile segment reported sales growth of 12.5% in the fiscal year according to SIAM. The electric vehicle (EV) components market in India is projected to grow at a CAGR of 18-20% over the next five years, driven by government incentives (FAME-II, PLI schemes) and increasing EV penetration. The actuator motor segment is expected to see a CAGR growth of 16% in the next four years. Igarashi Motors has a 43% market share in the domestic passenger car market for its products and a 22% market share in the BLDC ceiling fan market. Key challenges include raw material price volatility, intense competition from domestic and international players, and dependence on passenger vehicle production volumes.

Igarashi Motors India Limited Stock Market Presence: Listings & Index Representation

Igarashi Motors India is actively traded on India’s principal equity markets, with its shares listed on the National Stock Exchange of India (NSE) under the symbol IGARASHI and on the Bombay Stock Exchange (BSE) with the scrip code 517380. The company’s ISIN number is INE188B01013. Its listing on both exchanges ensures that the Igarashi Motors price is accessible to a wide investor base, encompassing both retail and institutional market participants. The company has been listed on stock exchanges since its IPO. The company forms part of several benchmark indices that represent broad market segments. Igarashi Motors India is included in indices such as S&P BSE 500, S&P BSE AllCap, and S&P BSE SmallCap on the BSE, and is a constituent of Nifty 500 on the NSE. Being represented in multiple indices enhances the visibility and liquidity of the Igarashi Motors stock price, as index tracking funds and exchange traded strategies often adjust allocations in line with constituent revisions. It also allows investors to benchmark the company’s stock performance relative to broader market trends and peer groups, facilitating cross sectional comparisons within India’s auto components landscape. The inclusion of Igarashi Motors in these indices reflects its market capitalisation and trading depth, which are key factors market participants consider when evaluating long term investment prospects and the responsiveness of the stock price to corporate and industry developments.

Igarashi Motors India Limited Stock Performance and Share Price History

The Igarashi Motors price has exhibited significant volatility over the past decade, shaped by the company’s position in the micro motors sector and broader automotive cycles. The Igarashi Motors share price recorded a negative total return of approximately 39.67% over the last 1 year and a negative return of 9.11% over the last 3 years, underperforming the Indian Auto Components industry which returned 29.7% over the past year. The Igarashi Motors share price delivered a 5-year CAGR return of approximately 13.41%, demonstrating moderate long-term wealth creation despite recent underperformance. The Igarashi Motors share price reached a 52-week high of ₹665.00 and a 52-week low of ₹271.05, indicating a wide trading range and substantial price fluctuations of approximately ₹394 from peak to trough. The Igarashi Motors price recorded a strong rally in earlier years, while the subsequent period has seen the Igarashi Motors stock price correct significantly from its peak levels. The Igarashi Motors share price has shown a 1-month return of approximately -16.89% and a 3-month return of -26.34% as of April 2026, indicating recent consolidation.

The Igarashi Motors price has been particularly responsive to quarterly earnings releases and corporate announcements. When the company reported a 41.7% year-on-year decline in profit to ₹4.54 crore in Q2 FY26 and a 32% decline in PAT to ₹3.50 crore in Q3 FY26, the Igarashi Motors stock price showed a negative reaction. The Igarashi Motors price has shown a pattern of positive momentum in years when the company’s earnings exceeded expectations, while periods of earnings moderation or concerns over raw material costs have contributed to consolidation in the Igarashi Motors stock price. Corporate developments, including strategic announcements such as the development of new products for EV platforms, the expansion of BLDC motor capabilities for consumer appliances, and the company’s focus on the growing electric vehicle market, have also influenced short-term fluctuations in the Igarashi Motors share price. The Igarashi Motors share price has shown a 5-year total return of 13.93% CAGR according to some sources, while others indicate a 5-year return of 13.41%. The Igarashi Motors share price reached its 52-week high of ₹665.00 before declining to its 52-week low of ₹271.05, reflecting the volatility inherent in the auto components space. The Igarashi Motors share price has shown a year-to-date return of approximately -16.89% as of April 2026, indicating continued pressure in the current fiscal year. Comprehending these patterns in the Igarashi Motors share price is instrumental for investors seeking to contextualise long term performance trends vis à vis short term price dynamics, as the Igarashi Motors stock price movements illustrate how industry fundamentals, raw material cycles, and investor expectations converge in market pricing.

The Igarashi Motors share price has shown distinct seasonal patterns over the past decade. In terms of annual performance, the Igarashi Motors share price delivered its strongest returns in earlier years when the automotive sector was experiencing robust growth. The Igarashi Motors share price has demonstrated that the stock tends to perform better in periods of strong passenger vehicle production and positive sentiment toward the auto ancillary sector, while underperforming during phases of raw material cost inflation and intense competition from domestic and international players.

Igarashi Motors India Limited Investor Relevance and Role in Portfolio

Igarashi Motors holds a significant position for portfolio investors who seek exposure to India’s auto components sector with a focus on niche micro motor manufacturing. The company’s position as a leading supplier of actuator motors to the domestic passenger car market (43% market share) and its presence in the growing BLDC motor segment for consumer appliances aligns it with investment strategies that value manufacturing scale, product innovation, and export growth. The Igarashi Motors share price often mirrors how these themes resonate with investor portfolios, whereby both thematic and sector specific funds monitor passenger vehicle production volumes, EV adoption rates, and raw material price trends when evaluating allocation decisions.

Institutional stakeholders play a significant role in Igarashi Motors’ ownership profile, with notable long term investment entities such as Life Insurance Corporation of India, Nippon Life India Asset Management Limited, and other institutional investors among key shareholders identified in institutional holdings data. Mutual fund holders of Igarashi Motors encompass those that seek auto ancillary and manufacturing exposure. As of December 2025, promoters hold 75.00% of the company, Mutual Funds hold 0.74%, Foreign Institutional Investors (FIIs) hold 0.10%, Domestic Institutional Investors (DIIs) hold 1.39%, and Retail holds approximately 22.76% of Igarashi Motors. Institutional investors have decreased holdings from 2.33% to 2.23% in December 2025 quarter, while mutual funds stake remained unchanged at 0.74%. These investors represent a blend of domestic and institutional perspectives that contribute to the stock’s market liquidity and visibility within broader investment frameworks.

The beta analysis of Igarashi Motors across multiple time periods highlights its changing volatility in relation to the overall market. Based on data, the long-term beta stands at approximately 0.47 to 0.75, indicating that the stock is generally less volatile than the broader market over an extended period. In short-term analysis, beta values over the one-month range of 1.73 show higher sensitivity to recent market fluctuations. Weekly data reveals that Igarashi Motors’ weekly volatility (6-7%) has been stable over the past year. The average weekly movement of Igarashi Motors stock is approximately 7%, compared to the auto components industry average of 5-6% and the market average of 5-6%, indicating slightly higher volatility than its industry and the broader market. The stock’s price volatility is approximately 3.87% to 7% according to recent data. The Igarashi Motors share price has shown periods of heightened responsiveness to sector-specific news and quarterly earnings releases. The Igarashi Motors stock price’s beta reflects that the company’s established market position and long-term customer relationships may provide some stability, though the auto components sector remains sensitive to raw material cost fluctuations and automotive production cycles.

Igarashi Motors India Limited Sectoral Relevance and Peer Positioning

The sector relevance of Igarashi Motors is anchored in its role within the broader Indian auto components industry, where it competes with other diversified manufacturing companies. As part of this industry, the company’s strategic positioning connects micro motors and actuators to downstream industries including passenger vehicles, electric vehicles, and consumer appliances. Competitors in the auto components and electrical equipment segment include companies such as CG Power and Industrial Solutions Limited, ABB India Limited, Siemens Limited, Bharat Heavy Electricals Limited (BHEL), Samvardhana Motherson International, Schaeffler India, Endurance Technologies, Tube Investment of India, GE Vernova T&D India Limited, and other specialized players. Firms with parallels in either product portfolio scale or technical capabilities are often referenced when evaluating relative performance and operational positioning within the sector.

In valuation terms, factors like the Igarashi Motors P/E ratio have shown variations over different periods. The mean historical P/E ratio over the last five years has shown extreme fluctuations, with the ratio at 950x in 2023, 210x in 2022, and 135x in 2024. The current P/E ratio of Igarashi Motors stands at approximately 64.34 to 73.47 times, representing a premium to its peers’ median range of 31.90 times. The Igarashi Motors P/E ratio has shown significant fluctuations, with the ratio at 72.91 in recent data, 64.36 in other periods, and 134.97, 209.13, and 949.94 in earlier years, reflecting changing investor perceptions of the company’s earnings potential.

Similarly, the Igarashi Motors EPS narrative has shown variation according to how operational performance aligns with industry demand cycles and cost structures. Structural gains from capacity expansion and product mix improvement supported directional improvement in earnings per share during favourable conditions, while cyclical headwinds from raw material inflation and softer demand phases have moderated EPS momentum. Igarashi Motors earnings have shown a trajectory that responded to both revenue growth and margin pressures over the analysed period. Igarashi Motors market cap has fluctuated in line with investor perceptions of the company’s growth potential in a competitive and evolving auto components market.

Igarashi Motors India Limited Market Cap History

Over the last five years (FY2021 to FY2026), the market capitalisation of Igarashi Motors has followed a pattern of growth followed by significant moderation. The company’s market cap showed an increasing trend from 2020 to 2022, reflecting strong investor confidence during the automotive recovery cycle. The market cap increased from ₹1,033.39 crore in 2020 to ₹1,474.96 crore in 2021, and reached a peak of approximately ₹1,500-1,600 crore in 2022. Subsequently, from fiscal year 2023 through the most recent period, the market cap has shown a declining trend, contracting from its peak levels to approximately ₹874.38 crore to ₹1,248 crore as of April 2026. According to data, market cap growth rates have shown significant variation: -41.75% in some periods, followed by 20.38%, 17.96%, -3.10%, 29.49%, and 49.19% in different years. The current market cap stands at approximately ₹1,024 crore to ₹1,248 crore as of April 2026. This decrease mirrors the correction in the Igarashi Motors share price and the broader underperformance of the auto components sector relative to broader market indices.

The earnings history of Igarashi Motors over the past five years has been characterised by a period of volatility followed by recent recovery. Net income showed a generally increasing trend from 2022 to 2025, with reported net profit rising from ₹1.19 crore in 2022 to ₹5.24 crore in 2023, ₹9.57 crore in 2024, and ₹24.17 crore in 2025. Profit before tax surged to ₹32.51 crore in March 2025, up from ₹2.31 crore in March 2022, while profit after tax reached ₹24.17 crore, a significant increase from ₹1.19 crore in March 2022. The 10-year aggregate net profit stands at approximately ₹24 crore to ₹25 crore. Quarterly performance showed a 41.7% year-on-year decline in profit to ₹4.54 crore in Q2 FY26 and a 32% decline to ₹3.50 crore in Q3 FY26. This recent earnings moderation reflects the impact of demand normalization, increased competitive intensity, and raw material cost pressures on the company’s profitability.

The Earnings Per Share (EPS) history for Igarashi Motors has shown significant variation over the past decade. The diluted EPS growth rate has shown variation, with EPS at ₹1.19 in 2022, ₹5.24 in 2023, ₹9.57 in 2024, and ₹24.17 in 2025. Over a five-year period, the company demonstrated strong EPS growth in recent years, with average earnings per share growth of approximately 100% per year from 2022 to 2025. In recent years, EPS showed a pattern of strong growth followed by moderation, with TTM EPS standing at approximately ₹7.68 to ₹10.85. The highest EPS growth was recorded in 2024-2025 when the company saw exceptional profitability, while recent quarters have shown moderation in per-share earnings.

The Price-to-Earnings (P/E) ratio history of Igarashi Motors has shown extreme fluctuations over the five-year period due to volatile earnings. At the end of recent fiscal years, the P/E ratio varied, with 2022 at 210x, 2023 at 950x, 2024 at 135x, and recent data at 64.34x to 73.47x. The mean historical P/E ratio over the last five years has been significantly elevated due to periods of low earnings. The current P/E ratio stands at a premium to the industry peer median of 31.90 times, reflecting that investor expectations remain anchored to the company’s growth potential in the EV and actuator segments despite near-term earnings headwinds. The Igarashi Motors share price has been influenced by these valuation metrics. The Igarashi Motors stock price continues to be evaluated in the context of its earnings potential and market position.

Summary

Igarashi Motors is a leading micro motor manufacturer in India listed on both the NSE and BSE, where the Igarashi Motors share price reflects automotive production cycles, EV adoption rates, and raw material cost dynamics within the auto components sector. Its representation in multiple stock indices supports market visibility, while investor interest is shaped by earnings trends, valuation narratives, and broader automotive electrification themes. Within the sector, the company’s competitive context and earnings dynamics provide key perspectives on its role in India’s auto components market.