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 ₹ 937 Cr.
- Current Price ₹ 751
- High / Low ₹ 824 / 514
- Stock P/E 12.7
- Book Value ₹ 1,093
- Dividend Yield 3.20 %
- ROCE 7.08 %
- ROE 5.70 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.69 times its book value
- Stock is providing a good dividend yield of 3.20%.
- Company has delivered good profit growth of 22.4% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 26.3%
Cons
- The company has delivered a poor sales growth of 8.27% over past five years.
- Promoter holding is low: 30.7%
- Company has a low return on equity of 4.37% over last 3 years.
- Earnings include an other income of Rs.30.4 Cr.
- Working capital days have increased from 61.4 days to 95.1 days
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
501 | 495 | 512 | 512 | 502 | 519 | 476 | 512 | 519 | 518 | 628 | 708 | |
460 | 459 | 474 | 477 | 471 | 484 | 440 | 469 | 484 | 474 | 571 | 645 | |
Operating Profit | 42 | 36 | 37 | 35 | 31 | 35 | 35 | 42 | 35 | 44 | 57 | 62 |
OPM % | 8% | 7% | 7% | 7% | 6% | 7% | 7% | 8% | 7% | 9% | 9% | 9% |
5 | 6 | 6 | 10 | 7 | 11 | 9 | 16 | 26 | 22 | 15 | 30 | |
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 | 46 | 42 | 43 | 44 | 38 | 46 | 44 | 57 | 60 | 65 | 71 | 92 |
Tax % | 29% | 34% | 31% | 29% | 29% | 30% | 29% | 29% | 19% | 23% | 20% | 20% |
Net Profit | 32 | 27 | 30 | 31 | 27 | 32 | 31 | 40 | 49 | 50 | 57 | 74 |
EPS in Rs | 26.01 | 21.76 | 23.64 | 24.80 | 21.37 | 25.72 | 24.86 | 32.33 | 39.18 | 40.29 | 45.52 | 59.03 |
Dividend Payout % | 25% | 28% | 25% | 38% | 28% | 28% | 29% | 37% | 26% | 25% | 29% | 25% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 8% |
3 Years: | 11% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 22% |
3 Years: | 26% |
TTM: | 40% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 3% |
3 Years: | 15% |
1 Year: | -5% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 4% |
3 Years: | 4% |
Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 12 | 12 | 12 | 12 | |
Reserves | 153 | 168 | 189 | 206 | 223 | 739 | 870 | 1,002 | 923 | 1,420 | 1,210 | 1,351 |
16 | 27 | 15 | 16 | 13 | 12 | 19 | 14 | 14 | 0 | 5 | 0 | |
41 | 33 | 40 | 46 | 46 | 58 | 54 | 107 | 102 | 188 | 126 | 132 | |
Total Liabilities | 215 | 236 | 252 | 276 | 291 | 818 | 952 | 1,130 | 1,051 | 1,621 | 1,354 | 1,496 |
10 | 9 | 9 | 11 | 11 | 14 | 13 | 15 | 15 | 14 | 14 | 17 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 53 | 61 | 75 | 94 | 114 | 673 | 794 | 964 | 860 | 1,409 | 1,162 | 1,288 |
152 | 166 | 168 | 171 | 165 | 131 | 145 | 152 | 177 | 197 | 178 | 192 | |
Total Assets | 215 | 236 | 252 | 276 | 291 | 818 | 952 | 1,130 | 1,051 | 1,621 | 1,354 | 1,496 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
22 | 22 | 22 | 20 | 32 | 23 | 13 | 15 | 2 | 90 | -3 | 31 | |
7 | -2 | -9 | -12 | -14 | -57 | -5 | -5 | 40 | -71 | -6 | 4 | |
7 | -4 | -15 | -11 | -21 | -5 | 1 | -17 | -33 | -14 | -7 | -33 | |
Net Cash Flow | 36 | 15 | -2 | -3 | -3 | -40 | 8 | -6 | 9 | 5 | -17 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 38 | 40 | 39 | 37 | 40 | 41 | 50 | 52 | 54 | 53 | 52 | 46 |
Inventory Days | 38 | 37 | 38 | 40 | 40 | 37 | 46 | 47 | 51 | 42 | 48 | 50 |
Days Payable | 24 | 19 | 19 | 22 | 30 | 34 | 37 | 37 | 28 | 62 | 42 | 35 |
Cash Conversion Cycle | 52 | 58 | 58 | 55 | 51 | 43 | 60 | 62 | 77 | 34 | 57 | 60 |
Working Capital Days | 46 | 51 | 47 | 48 | 47 | 45 | 57 | 60 | 77 | 36 | 54 | 95 |
ROCE % | 29% | 22% | 20% | 19% | 16% | 7% | 5% | 5% | 5% | 4% | 5% | 7% |
Documents
Announcements
-
Disclosure under Req. 23(9)
22 May - India Motor Parts & Accessories Ltd has submitted to BSE a copy of statement of Related Party Transactions for the half year ended March 31, …
-
Newspaper Advertisement - Regulation 47
22 May - India Motor Parts & Accessories Ltd has submitted to BSE a copy of Newspaper Advertisement - Regulation 47 of the SEBI (LODR) Regulations, 2015 (SEBI …
- Board recommends Dividend 19 May
- Standalone & Consolidated Financial Results, Auditors Report for March 31, 2023 19 May
- Board to consider Dividend 15 May
Annual reports
-
Financial Year 2022
from bse
-
Financial Year 2020
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2013
from nse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2011
from nse
-
Financial Year 2010
from bse
-
Financial Year 2010
from nse
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]