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

₹ 1,020 -0.58%
19 Apr - 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 ₹ 1,272 Cr.
  • Current Price ₹ 1,020
  • High / Low ₹ 1,210 / 644
  • Stock P/E 16.1
  • Book Value ₹ 1,388
  • Dividend Yield 2.35 %
  • ROCE 6.13 %
  • ROE 4.94 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.73 times its book value
  • Company has delivered good profit growth of 18.9% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 31.4%

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 4.11% over last 3 years.
  • Earnings include an other income of Rs.39.4 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
161 116 163 177 172 184 171 186 166 190 177 182
141 107 149 162 152 168 158 171 148 176 164 169
Operating Profit 19 8 14 15 20 16 14 15 18 15 13 13
OPM % 12% 7% 9% 8% 11% 9% 8% 8% 11% 8% 8% 7%
6 3 5 2 6 1 11 3 14 6 12 7
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 25 11 19 16 25 17 25 18 33 21 25 19
Tax % 26% 10% 21% 27% 20% 14% 18% 27% 20% 15% 17% 23%
19 10 15 12 20 14 20 13 26 18 21 15
EPS in Rs 14.94 7.80 11.88 9.61 16.24 11.46 16.16 10.56 20.85 14.06 16.61 11.94
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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 TTM
501 495 512 512 502 519 476 512 519 518 628 708 716
460 459 474 477 471 484 440 469 484 474 571 645 656
Operating Profit 42 36 37 35 31 35 35 42 35 44 57 62 59
OPM % 8% 7% 7% 7% 6% 7% 7% 8% 7% 9% 9% 9% 8%
5 6 6 10 7 11 9 16 26 22 15 30 39
Interest 0 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 1
Profit before tax 46 42 43 44 38 46 44 57 60 65 71 92 98
Tax % 29% 34% 31% 29% 29% 30% 29% 29% 19% 23% 20% 20%
32 27 30 31 27 32 31 40 49 50 57 74 79
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 63.46
Dividend Payout % 25% 28% 25% 38% 28% 28% 29% 37% 26% 25% 29% 41%
Compounded Sales Growth
10 Years: 4%
5 Years: 8%
3 Years: 11%
TTM: 0%
Compounded Profit Growth
10 Years: 9%
5 Years: 19%
3 Years: 20%
TTM: 17%
Stock Price CAGR
10 Years: 13%
5 Years: 12%
3 Years: 16%
1 Year: 42%
Return on Equity
10 Years: 5%
5 Years: 4%
3 Years: 4%
Last Year: 5%

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 Sep 2023
Equity Capital 4 8 8 8 8 8 8 8 12 12 12 12 12
Reserves 153 168 189 206 223 739 870 1,002 923 1,420 1,210 1,351 1,719
16 27 15 16 13 12 19 14 14 0 5 0 0
41 33 40 46 46 58 54 107 102 188 126 132 191
Total Liabilities 215 236 252 276 291 818 952 1,130 1,051 1,621 1,354 1,496 1,923
10 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 0
Investments 53 61 75 94 114 673 794 964 860 1,409 1,162 1,288 1,673
152 166 168 171 165 131 145 152 177 197 178 192 234
Total Assets 215 236 252 276 291 818 952 1,130 1,051 1,621 1,354 1,496 1,923

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 55
ROCE % 29% 22% 20% 19% 16% 7% 5% 5% 5% 4% 5% 6%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
30.72% 30.72% 30.72% 30.72% 30.72% 30.72% 30.71% 30.71% 30.71% 30.71% 30.71% 30.71%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.53% 7.59% 7.86% 7.96% 7.96% 7.96%
10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 2.49% 2.49% 2.49% 2.49% 2.49% 2.49%
59.29% 59.28% 59.28% 59.28% 59.28% 59.28% 59.26% 59.20% 58.93% 58.83% 58.83% 58.83%
No. of Shareholders 8,3179,0279,4518,9848,7338,6068,7218,5648,5958,8629,2009,845

* 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.

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