India Motor Parts & Accessories Ltd

India Motor Part Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

India Motor Parts & Accessories Ltd

₹ 1,097 0.37%
22 Nov - close price
impal.net BSE: 590065 NSE: IMPAL
About

India Motor Parts & Accessories Ltd is engaged in the distribution of automobile spare parts and accessories through its distribution network representing over 50 manufacturers.[1]

Key Points

Product Portfolio
The products that the company distributes include brake systems, steering linkages, powertrain components, engine parts, wheel rims and various others. [1]
The company caters to more than 40 auto component manufacturers including Brakes India, Rane (Madras) Limit, Sundram Fasteners and ZF Commercial Vehicle Control Systems India [2]

Website BSE NSE
  • Market Cap ₹ 1,369 Cr.
  • Current Price ₹ 1,097
  • High / Low ₹ 1,503 / 895
  • Stock P/E 17.4
  • Book Value ₹ 2,023
  • Dividend Yield 2.46 %
  • ROCE 4.58 %
  • ROE 3.72 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.54 times its book value
  • Company has been maintaining a healthy dividend payout of 37.4%

Cons

  • The company has delivered a poor sales growth of 7.17% over past five years.
  • Promoter holding is low: 30.7%
  • Company has a low return on equity of 4.26% over last 3 years.
  • Earnings include an other income of Rs.42.3 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
183 177 189 176 191 170 195 182 186 179 198 190
168 157 173 162 176 151 180 168 173 164 183 176
Operating Profit 15 20 16 14 15 19 15 14 14 15 15 14
OPM % 8% 11% 8% 8% 8% 11% 8% 8% 7% 8% 7% 8%
3 7 1 11 4 15 7 12 7 10 10 15
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 18 27 17 25 18 33 21 25 20 25 25 29
Tax % 26% 19% 14% 18% 27% 20% 15% 17% 24% 20% 16% 22%
13 22 16 21 13 25 18 21 15 20 21 23
EPS in Rs 10.58 17.82 12.47 17.12 10.21 20.38 14.29 16.88 12.17 15.88 16.70 18.11
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
502 519 479 524 532 532 646 726 741 753
471 484 444 480 497 486 588 662 684 696
Operating Profit 31 35 35 44 36 45 59 64 57 57
OPM % 6% 7% 7% 8% 7% 9% 9% 9% 8% 8%
7 11 9 16 26 24 18 30 35 42
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1
Profit before tax 38 46 44 58 61 68 76 94 91 99
Tax % 30% 30% 29% 29% 19% 23% 20% 20% 19%
27 32 31 41 50 53 61 75 74 78
EPS in Rs 21.38 25.78 25.09 33.06 39.70 42.38 48.68 60.21 59.23 62.86
Dividend Payout % 28% 28% 29% 36% 25% 24% 27% 40% 46%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 12%
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 14%
TTM: 2%
Stock Price CAGR
10 Years: 9%
5 Years: 13%
3 Years: 12%
1 Year: 17%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 4%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 8 8 8 8 12 12 12 12 12 12
Reserves 224 740 872 1,004 926 1,428 1,222 1,356 2,058 2,512
13 12 19 14 14 0 5 0 0 0
46 59 56 109 105 190 129 134 240 316
Total Liabilities 292 819 955 1,135 1,057 1,631 1,369 1,502 2,311 2,841
11 14 16 17 17 17 17 19 20 20
CWIP 0 0 0 0 0 0 0 0 0 0
Investments 116 675 791 962 858 1,412 1,168 1,286 2,063 2,579
165 131 148 156 182 203 184 196 228 242
Total Assets 292 819 955 1,135 1,057 1,631 1,369 1,502 2,311 2,841

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
32 23 11 16 3 91 -2 32 27
-14 -58 -4 -5 40 -73 -7 3 15
-21 -5 2 -17 -33 -14 -8 -33 -30
Net Cash Flow -3 -40 9 -6 9 5 -17 2 12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 40 41 51 52 54 53 52 46 48
Inventory Days 40 37 47 47 51 42 47 49 45
Days Payable 30 34 38 37 29 61 42 35 36
Cash Conversion Cycle 51 43 61 62 76 34 57 60 58
Working Capital Days 47 45 58 61 76 36 53 55 54
ROCE % 7% 5% 5% 5% 5% 5% 6% 5%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
30.72% 30.72% 30.72% 30.71% 30.71% 30.71% 30.71% 30.71% 30.71% 30.71% 30.71% 30.71%
0.00% 0.00% 0.00% 7.53% 7.59% 7.86% 7.96% 7.96% 7.96% 8.04% 8.08% 7.88%
10.00% 10.00% 10.00% 2.49% 2.49% 2.49% 2.49% 2.49% 2.49% 2.49% 2.49% 2.49%
59.28% 59.28% 59.28% 59.26% 59.20% 58.93% 58.83% 58.83% 58.83% 58.75% 58.71% 58.92%
No. of Shareholders 8,9848,7338,6068,7218,5648,5958,8629,2009,8459,7039,93710,737

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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