India Motor Parts & Accessories Ltd
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]
- Market Cap ₹ 1,359 Cr.
- Current Price ₹ 1,089
- High / Low ₹ 1,503 / 836
- Stock P/E 15.8
- Book Value ₹ 1,800
- Dividend Yield 2.49 %
- ROCE 4.99 %
- ROE 3.98 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.61 times its book value
- Company has been maintaining a healthy dividend payout of 44.0%
Cons
- The company has delivered a poor sales growth of 8.75% over past five years.
- Promoter holding is low: 30.7%
- Company has a low return on equity of 4.11% over last 3 years.
- Earnings include an other income of Rs.44.5 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
512 | 512 | 502 | 519 | 476 | 512 | 519 | 518 | 628 | 708 | 725 | 789 | |
474 | 477 | 471 | 484 | 440 | 469 | 484 | 474 | 571 | 645 | 669 | 727 | |
Operating Profit | 37 | 35 | 31 | 35 | 35 | 42 | 35 | 44 | 57 | 62 | 56 | 62 |
OPM % | 7% | 7% | 6% | 7% | 7% | 8% | 7% | 9% | 9% | 9% | 8% | 8% |
6 | 10 | 7 | 11 | 9 | 16 | 26 | 22 | 15 | 30 | 35 | 44 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Profit before tax | 43 | 44 | 38 | 46 | 44 | 57 | 60 | 65 | 71 | 92 | 89 | 105 |
Tax % | 31% | 29% | 29% | 30% | 29% | 29% | 19% | 23% | 20% | 20% | 19% | 20% |
30 | 31 | 27 | 32 | 31 | 40 | 49 | 50 | 57 | 74 | 73 | 84 | |
EPS in Rs | 23.64 | 24.80 | 21.37 | 25.72 | 24.86 | 32.33 | 39.18 | 40.29 | 45.52 | 59.03 | 58.11 | 67.04 |
Dividend Payout % | 25% | 38% | 28% | 28% | 29% | 37% | 26% | 25% | 29% | 41% | 46% | 45% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 9% |
3 Years: | 8% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 18% |
3 Years: | 18% |
TTM: | 37% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 16% |
3 Years: | 11% |
1 Year: | 8% |
Return on Equity | |
---|---|
10 Years: | 4% |
5 Years: | 4% |
3 Years: | 4% |
Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 12 | 12 | 12 | 12 | 12 | 12 |
Reserves | 189 | 206 | 223 | 739 | 870 | 1,002 | 923 | 1,420 | 1,210 | 1,351 | 2,052 | 2,234 |
15 | 16 | 13 | 12 | 19 | 14 | 14 | 0 | 5 | 0 | 0 | 0 | |
40 | 46 | 46 | 58 | 54 | 107 | 102 | 188 | 126 | 132 | 239 | 259 | |
Total Liabilities | 252 | 276 | 291 | 818 | 952 | 1,130 | 1,051 | 1,621 | 1,354 | 1,496 | 2,303 | 2,505 |
9 | 11 | 11 | 14 | 13 | 15 | 15 | 14 | 14 | 17 | 17 | 18 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 75 | 94 | 114 | 673 | 794 | 964 | 860 | 1,409 | 1,162 | 1,288 | 2,066 | 2,056 |
168 | 171 | 165 | 131 | 145 | 152 | 177 | 197 | 178 | 192 | 220 | 432 | |
Total Assets | 252 | 276 | 291 | 818 | 952 | 1,130 | 1,051 | 1,621 | 1,354 | 1,496 | 2,303 | 2,505 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
22 | 20 | 32 | 23 | 13 | 15 | 2 | 90 | -3 | 31 | 26 | 18 | |
-9 | -12 | -14 | -57 | -5 | -5 | 40 | -71 | -6 | 4 | 13 | 13 | |
-15 | -11 | -21 | -5 | 1 | -17 | -33 | -14 | -7 | -33 | -30 | -35 | |
Net Cash Flow | -2 | -3 | -3 | -40 | 8 | -6 | 9 | 5 | -17 | 2 | 9 | -4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 39 | 37 | 40 | 41 | 50 | 52 | 54 | 53 | 52 | 46 | 48 | 50 |
Inventory Days | 38 | 40 | 40 | 37 | 46 | 47 | 51 | 42 | 48 | 50 | 46 | 46 |
Days Payable | 19 | 22 | 30 | 34 | 37 | 37 | 28 | 62 | 42 | 35 | 36 | 29 |
Cash Conversion Cycle | 58 | 55 | 51 | 43 | 60 | 62 | 77 | 34 | 57 | 60 | 58 | 67 |
Working Capital Days | 47 | 48 | 47 | 45 | 57 | 60 | 77 | 36 | 54 | 55 | 54 | 90 |
ROCE % | 20% | 19% | 16% | 7% | 5% | 5% | 5% | 4% | 5% | 6% | 4% | 5% |
Documents
Announcements
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Intimation of publication of postal ballot notice
24 May - Postal Ballot Notice for appointment of directors via e-voting from May 20 to June 25, 2025.
- Notice of Postal Ballot 23 May
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Newspaper Advertisement - Regulation 47
19 May - Audited Q4 and FY25 results; net profit Rs.83.67 Cr; final dividend Rs.20/share recommended.
- Board recommends Dividend 16 May
- Standalone Financial Results, Auditors Report for March 31, 2025 16 May
Annual reports
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Financial Year 2024
from web
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2020
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2011
from nse
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Financial Year 2010
from bse
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]