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

₹ 1,024 1.25%
25 Apr 4:01 p.m.
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 ₹ 1,271 Cr.
  • Current Price ₹ 1,024
  • High / Low ₹ 1,210 / 644
  • Stock P/E 16.0
  • Book Value ₹ 1,392
  • Dividend Yield 2.35 %
  • ROCE 6.23 %
  • ROE 5.02 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.74 times its book value
  • Company has delivered good profit growth of 19.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 30.0%

Cons

  • The company has delivered a poor sales growth of 8.67% over past five years.
  • Promoter holding is low: 30.7%
  • Company has a low return on equity of 4.31% over last 3 years.
  • Earnings include an other income of Rs.39.7 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
164 119 167 183 177 189 176 191 170 195 182 186
145 111 153 168 157 173 162 176 151 180 168 173
Operating Profit 20 9 14 15 20 16 14 15 19 15 14 14
OPM % 12% 7% 9% 8% 11% 8% 8% 8% 11% 8% 8% 7%
8 3 4 3 7 1 11 4 15 7 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 27 11 18 18 27 17 25 18 33 21 25 20
Tax % 25% 11% 22% 26% 19% 14% 18% 27% 20% 15% 17% 24%
20 10 15 13 22 16 21 13 25 18 21 15
EPS in Rs 16.35 7.95 12.33 10.58 17.82 12.47 17.12 10.21 20.38 14.29 16.88 12.17
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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 TTM
502 519 479 524 532 532 646 726 732
471 484 444 480 497 486 588 662 671
Operating Profit 31 35 35 44 36 45 59 64 61
OPM % 6% 7% 7% 8% 7% 9% 9% 9% 8%
7 11 9 16 26 24 18 30 40
Interest 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1
Profit before tax 38 46 44 58 61 68 76 94 100
Tax % 30% 30% 29% 29% 19% 23% 20% 20%
27 32 31 41 50 53 61 75 80
EPS in Rs 21.38 25.78 25.09 33.06 39.70 42.38 48.68 60.21 63.72
Dividend Payout % 28% 28% 29% 36% 25% 24% 27% 40%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 11%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: 19%
3 Years: 20%
TTM: 11%
Stock Price CAGR
10 Years: 13%
5 Years: 12%
3 Years: 16%
1 Year: 42%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 4%
Last Year: 5%

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 Sep 2023
Equity Capital 8 8 8 8 12 12 12 12 12
Reserves 224 740 872 1,004 926 1,428 1,222 1,356 1,724
13 12 19 14 14 0 5 0 0
46 59 56 109 105 190 129 134 194
Total Liabilities 292 819 955 1,135 1,057 1,631 1,369 1,502 1,930
11 14 16 17 17 17 17 19 19
CWIP 0 0 0 0 0 0 0 0 0
Investments 116 675 791 962 858 1,412 1,168 1,286 1,669
165 131 148 156 182 203 184 196 242
Total Assets 292 819 955 1,135 1,057 1,631 1,369 1,502 1,930

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
32 23 11 16 3 91 -2 32
-14 -58 -4 -5 40 -73 -7 3
-21 -5 2 -17 -33 -14 -8 -33
Net Cash Flow -3 -40 9 -6 9 5 -17 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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