Magnetic characteristics of a switched reluctance motor (SRM) determine the modeling accuracy, the performance of a position sensorless control, and the torque ripple reduction control. Due to double saliency structure and core saturation, the magnetic characteristics of SRM is dependent on both the rotor position and the winding current amplitude, which makes it difficult to measure the actual incremental inductance or flux linkage. This article presents the magnetic characteristics identification method. A quad current sampling technique is proposed to capture the derivative of the winding current at a specific rotor position and current amplitude. The flux linkage, co-energy, and torque are calculated from the obtained incremental inductance profile. The proposed method can be easily implemented on digital signal processor-based SRM drive without any extra circuit. The LCR meter and torque sensor measurements are provided to validate the proposed incremental inductance measurement method.