Igarashi Motors India (NSE:IGARASHI) Interest Coverage: 1.81 (As of Mar. 2026) — 52% Below Median


NSE:IGARASHI Igarashi Motors India Ltd NSE:IGARASHI
75 GF Score
Price ₹459.30
GF Value ₹643.01
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Igarashi Motors India Interest Coverage?

Igarashi Motors India NSE:IGARASHI +0.09% 75 Interest Coverage is 1.81 as of Mar. 2026, which is 52% below its 10-year median of 3.78. GuruFocus rates NSE:IGARASHI with a GF Score™ of 75/100 and a GF Value™ of ₹643.01 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,067 Vehicles & Parts companies, Igarashi Motors India ranks worse than 79.85% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Igarashi Motors India's Operating Income for the three months ended in Mar. 2026 was ₹45 Mil. Igarashi Motors India's Interest Expense for the three months ended in Mar. 2026 was ₹-25 Mil. Igarashi Motors India's interest coverage for the quarter that ended in Mar. 2026 was 1.81. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Igarashi Motors India's Interest Coverage or its related term are showing as below:

NSE:IGARASHI' s Interest Coverage Range Over the Past 10 Years
Min: 0.86   Med: 3.78   Max: 53.02
Current: 2.34


NSE:IGARASHI's Interest Coverage is ranked worse than
79.85% of 1067 companies
in the Vehicles & Parts industry
Industry Median: 8.31 vs NSE:IGARASHI: 2.34

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Igarashi Motors India  (NSE:IGARASHI) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Igarashi Motors India Interest Coverage Related Terms


Igarashi Motors India Interest Coverage Historical Data

* Premium members only.

The historical data trend for Igarashi Motors India's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Igarashi Motors India Interest Coverage Chart

Igarashi Motors India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.86 2.35 2.56 3.25 2.34

Igarashi Motors India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.40 1.81 2.85 2.98 1.81

NSE:IGARASHI vs ORLY, AZO: Interest Coverage Comparison

For the Auto Parts subindustry, Igarashi Motors India's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Igarashi Motors India Interest Coverage vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Igarashi Motors India's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Igarashi Motors India's Interest Coverage falls into.


NSE:IGARASHI
75GF Score
Igarashi Motors India Ltd NSE:IGARASHI
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Igarashi Motors India Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Igarashi Motors India's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Igarashi Motors India's Interest Expense was ₹-110 Mil. Its Operating Income was ₹257 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹249 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*257.308/-109.971
=2.34

Igarashi Motors India's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Igarashi Motors India's Interest Expense was ₹-25 Mil. Its Operating Income was ₹45 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹249 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*44.854/-24.845
=1.81

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 1.81 mean?
Igarashi Motors India (NSE:IGARASHI) has a Interest Coverage of 1.81 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Igarashi Motors India and its competitors. This is 52% below median its historical median of 3.78. Over the past decade, Igarashi Motors India's Interest Coverage has ranged from 0.86 to 53.02. According to the industry distribution chart, Igarashi Motors India ranks #852 out of 1067 companies in the Vehicles & Parts industry, placing it in the top 79.9%.
Is Igarashi Motors India's Interest Coverage too high?
Igarashi Motors India's current Interest Coverage of 1.81 is 52% below median its 10-year median of 3.78. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 53.02. The Vehicles & Parts industry median Interest Coverage is 8.31. Igarashi Motors India's value of 1.81 is 78.2% below this industry median. Based on the distribution chart, Igarashi Motors India ranks #852 out of 1067 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Igarashi Motors India has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Igarashi Motors India's Interest Coverage compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Igarashi Motors India ranks #852 out of 1067 companies for Interest Coverage. This places Igarashi Motors India in the lower half of its industry. The industry median Interest Coverage is 8.31. Igarashi Motors India's value of 1.81 is 78.2% below this benchmark. Historically, Igarashi Motors India's own Interest Coverage has ranged from 0.86 to 53.02 over the past decade. While the company's 10-year median is 3.78 vs. the industry median of 8.31, Igarashi Motors India has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Vehicles & Parts company?
The median Interest Coverage among Vehicles & Parts companies is 8.31, based on 1,067 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Igarashi Motors India's current Interest Coverage of 1.81 is 78.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Igarashi Motors India and its competitors. For the Vehicles & Parts industry, the median Interest Coverage is 8.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Igarashi Motors India's current Interest Coverage is 1.81, which is 52% below median its own 10-year median of 3.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Igarashi Motors India stock overvalued right now?
Based on GuruFocus' analysis, Igarashi Motors India (NSE:IGARASHI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹643.01, compared to a current price of ₹459.30 — trading 28.6% below its estimated fair value. The current Interest Coverage is 1.81, which is 52% below median its 10-year median of 3.78 and 78.2% below the Vehicles & Parts industry median of 8.31. Igarashi Motors India's overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Igarashi Motors India (NSE:IGARASHI), the current Interest Coverage is 1.81 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Igarashi Motors India (NSE:IGARASHI) Overvalued in 2026?

Based on GuruFocus' analysis, Igarashi Motors India stock appears to be undervalued. The current stock price of ₹459.30 is trading 28.6% below its estimated GF Value™ of ₹643.01. GuruFocus considers Igarashi Motors India to be Modestly Undervalued.

Key valuation signals for NSE:IGARASHI:

  • Interest Coverage: 1.81 (52% below median its 10-year median of 3.78)
  • GF Value™: ₹643.01 vs. price of ₹459.30 (28.6% below fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 78.2% below the Vehicles & Parts median (#852 of 1067)

No single metric tells the full story. See the NSE:IGARASHI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Igarashi Motors India Business Description

Other Exchanges 517380:India
Address Plot No. B-12 to B-15, Phase II, MEPZ - SEZ, Tambaram, Chennai, TN, IND, 600 045
Igarashi Motors India Ltd produces micro motors and their accessories mainly for the automotive sector. It is engaged in designing and manufacturing small, permanent magnet DC motors. It has operations in India, Korea, the USA, Europe, and China, and the rest of the world. The company drives the majority of its sales in India.
75GF Score

Get the complete analysis for NSE:IGARASHI

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹459.30
Price
₹643.01
GF Value