India Motor Parts & Accessories Ltd

India Motor Parts & Accessories Ltd

₹ 1,123 2.44%
21 Jun - close price
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]

  • Market Cap 1,402 Cr.
  • Current Price 1,123
  • High / Low 1,210 / 644
  • Stock P/E 19.3
  • Book Value 1,654
  • Dividend Yield 2.14 %
  • ROCE 5.20 %
  • ROE 4.23 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.68 times its book value
  • Company has been maintaining a healthy dividend payout of 38.6%

Cons

  • The company has delivered a poor sales growth of 7.22% over past five years.
  • Promoter holding is low: 30.7%
  • Company has a low return on equity of 4.36% over last 3 years.
  • Earnings include an other income of Rs.35.0 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

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
116 163 177 172 184 171 186 166 190 177 182 175
107 149 162 152 168 158 171 148 176 164 169 161
Operating Profit 8 14 15 20 16 14 15 18 15 13 13 14
OPM % 7% 9% 8% 11% 9% 8% 8% 11% 8% 8% 7% 8%
3 5 2 6 1 11 3 14 6 12 7 10
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 11 19 16 25 17 25 18 33 21 25 19 24
Tax % 10% 21% 27% 20% 14% 18% 27% 20% 15% 17% 23% 20%
10 15 12 20 14 20 13 26 18 21 15 19
EPS in Rs 7.80 11.88 9.61 16.24 11.46 16.16 10.56 20.85 14.06 16.61 11.94 15.49
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
495 512 512 502 519 476 512 519 518 628 708 725
459 474 477 471 484 440 469 484 474 571 645 669
Operating Profit 36 37 35 31 35 35 42 35 44 57 62 55
OPM % 7% 7% 7% 6% 7% 7% 8% 7% 9% 9% 9% 8%
6 6 10 7 11 9 16 26 22 15 30 35
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 42 43 44 38 46 44 57 60 65 71 92 89
Tax % 34% 31% 29% 29% 30% 29% 29% 19% 23% 20% 20% 19%
27 30 31 27 32 31 40 49 50 57 74 73
EPS in Rs 21.76 23.64 24.80 21.37 25.72 24.86 32.33 39.18 40.29 45.52 59.03 58.11
Dividend Payout % 28% 25% 38% 28% 28% 29% 37% 26% 25% 29% 41% 46%
Compounded Sales Growth
10 Years: 4%
5 Years: 7%
3 Years: 12%
TTM: 2%
Compounded Profit Growth
10 Years: 10%
5 Years: 16%
3 Years: 22%
TTM: 14%
Stock Price CAGR
10 Years: 13%
5 Years: 15%
3 Years: 12%
1 Year: 38%
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 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 8 8 8 8 8 8 8 12 12 12 12 12
Reserves 168 189 206 223 739 870 1,002 923 1,420 1,210 1,351 2,052
27 15 16 13 12 19 14 14 0 5 0 0
33 40 46 46 58 54 107 102 188 126 132 239
Total Liabilities 236 252 276 291 818 952 1,130 1,051 1,621 1,354 1,496 2,303
9 9 11 11 14 13 15 15 14 14 17 17
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 61 75 94 114 673 794 964 860 1,409 1,162 1,288 2,066
166 168 171 165 131 145 152 177 197 178 192 220
Total Assets 236 252 276 291 818 952 1,130 1,051 1,621 1,354 1,496 2,303

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
22 22 20 32 23 13 15 2 90 -3 31 26
-2 -9 -12 -14 -57 -5 -5 40 -71 -6 4 13
-4 -15 -11 -21 -5 1 -17 -33 -14 -7 -33 -30
Net Cash Flow 15 -2 -3 -3 -40 8 -6 9 5 -17 2 9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 40 39 37 40 41 50 52 54 53 52 46 48
Inventory Days 37 38 40 40 37 46 47 51 42 48 50 46
Days Payable 19 19 22 30 34 37 37 28 62 42 35 36
Cash Conversion Cycle 58 58 55 51 43 60 62 77 34 57 60 58
Working Capital Days 51 47 48 47 45 57 60 77 36 54 55 80
ROCE % 22% 20% 19% 16% 7% 5% 5% 5% 4% 5% 6%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
30.72% 30.72% 30.72% 30.72% 30.72% 30.71% 30.71% 30.71% 30.71% 30.71% 30.71% 30.71%
0.00% 0.00% 0.00% 0.00% 0.00% 7.53% 7.59% 7.86% 7.96% 7.96% 7.96% 8.04%
10.00% 10.00% 10.00% 10.00% 10.00% 2.49% 2.49% 2.49% 2.49% 2.49% 2.49% 2.49%
59.28% 59.28% 59.28% 59.28% 59.28% 59.26% 59.20% 58.93% 58.83% 58.83% 58.83% 58.75%
No. of Shareholders 9,0279,4518,9848,7338,6068,7218,5648,5958,8629,2009,8459,703

* 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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