Igarashi Motors India Adjusts Evaluation Amid Declining Profits and Sales Challenges

Igarashi Motors India, a player in the Auto Components & Equipment industry, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in technical trends, moving from a mildly bearish to a mildly bullish stance.
Key financial metrics indicate that the company has faced challenges, particularly in its most recent quarter, with a notable decline in profit after tax (PAT) and net sales. The PAT for the quarter stood at Rs 3.06 crore, marking a significant drop compared to previous averages, while net sales reached a low of Rs 189.47 crore. Despite these hurdles, Igarashi Motors has demonstrated a strong capacity to manage its debt, evidenced by a low Debt to EBITDA ratio of 1.14 times.

Over the past year, the stock has generated a return of 7.28%, outperforming the BSE500 index in various time frames. However, the company's long-term growth has been modest, with net sales and operating profit growing at annual rates of 9.43% and 4.53%, respectively, over the last five years.

For more insights on Igarashi Motors India and its financial performance, you can Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.