Past 10 year's financial track record analysis by Moneyworks4me indicates that India Motor Parts & Accessories Ltd is a average quality company.
The key valuation ratios of India Motor Parts & Accessories Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of India Motor Parts & Accessories Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 19.7% | 16% | 9.1% | 5.3% | 6% | 6.1% | 5.5% | 5.4% | 7.1% | 5.2% | - |
| Value Creation Index ⓘ | 0.4 | 0.1 | -0.4 | -0.6 | -0.6 | -0.6 | -0.6 | -0.6 | -0.5 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 512 | 502 | 519 | 476 | 512 | 519 | 518 | 628 | 708 | 725 | 737 |
| Sales YoY Gr. | - | -2% | 3.4% | -8.4% | 7.6% | 1.4% | -0.2% | 21.2% | 12.7% | 2.4% | - |
| Adj EPS ⓘ | 23.8 | 21.2 | 20.5 | 21.5 | 28.2 | 30.9 | 32.9 | 45.5 | 55.3 | 57.2 | 61.8 |
| YoY Gr. | - | -10.8% | -3.3% | 4.8% | 31.1% | 9.5% | 6.6% | 38.4% | 21.5% | 3.3% | - |
| BVPS (₹) ⓘ | 171.4 | 185.5 | 598.9 | 704 | 809.2 | 749.4 | 1,147.9 | 979.6 | 1,092.9 | 1,654.3 | 2,018 |
| Adj Net Profit ⓘ | 29.7 | 26.5 | 25.6 | 26.8 | 35.2 | 38.5 | 41.1 | 56.8 | 69.1 | 71.3 | 77 |
| Cash Flow from Ops. ⓘ | 20.1 | 31.9 | 23 | 12.6 | 15.3 | 2.1 | 89.8 | -3.3 | 31.3 | 25.7 | - |
| Debt/CF from Ops. ⓘ | 0.8 | 0.4 | 0.5 | 1.5 | 0.9 | 6.5 | 0 | -1.6 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 3.9% | 7.2% | 11.9% | 2.4% | ||||
| Adj EPS ⓘ | 10.2% | 15.2% | 20.2% | 3.3% | ||||
| BVPSⓘ | 28.7% | 15.4% | 13% | 51.4% | ||||
| Share Price | 8.3% | 13.1% | 12.8% | 26.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 14.5 | 11.9 | 5.2 | 3.3 | 3.7 | 4 | 3.5 | 4.3 | 5.3 | 4.2 | 3.4 |
| Op. Profit Mgn % ⓘ | 6.8 | 6.2 | 6.8 | 7.4 | 8.3 | 6.7 | 8.6 | 9.1 | 8.8 | 7.7 | 7.6 |
| Net Profit Mgn % ⓘ | 5.8 | 5.3 | 4.9 | 5.6 | 6.9 | 7.4 | 7.9 | 9.1 | 9.8 | 9.8 | 10.5 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 78 | 81 | 80 | 92 | 92 | 101 | 100 | 86 | 88 | 89 | 70 |
| Cash Conv. Cycle ⓘ | 52 | 49 | 43 | 49 | 54 | 64 | 49 | 40 | 50 | 52 | 52 |
Sales growth is growing at healthy rate in last 3 years 11.86%
Net Profit is growing at healthy rate in last 3 years 20.20%
Return on Equity has declined versus last 3 years average to 3.40%
Sales growth is not so good in last 4 quarters at 2.49%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 61.8 | 62.9 |
| TTM Sales (₹ Cr.) | 737 | 753 |
| BVPS (₹.) ⓘ | 2,018 | 2,023 |
| Reserves (₹ Cr.) ⓘ | 2,506 | 2,512 |
| P/BV ⓘ | 0.56 | 0.56 |
| PE ⓘ | 18.31 | 18.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 810.85 / 1503.00 |
| All Time Low / High (₹) | 40.07 / 1503.00 |
| Market Cap (₹ Cr.) | 1,412 |
| Equity (₹ Cr.) | 12.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 69 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 512 | 502 | 519 | 476 | 512 | 519 | 518 | 628 | 708 | 725 |
| Operating Expenses ⓘ | 477 | 471 | 484 | 440 | 469 | 484 | 474 | 571 | 645 | 669 |
| Manufacturing Costs | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 |
| Material Costs | 448 | 439 | 449 | 404 | 429 | 441 | 430 | 522 | 589 | 610 |
| Employee Cost | 15 | 16 | 18 | 20 | 23 | 25 | 26 | 29 | 32 | 35 |
| Other Costs ⓘ | 14 | 14 | 15 | 15 | 16 | 17 | 16 | 18 | 22 | 24 |
| Operating Profit ⓘ | 35 | 31 | 35 | 35 | 42 | 35 | 44 | 57 | 62 | 55 |
| Operating Profit Margin (%) | 6.8% | 6.2% | 6.8% | 7.4% | 8.3% | 6.7% | 8.5% | 9.1% | 8.8% | 7.6% |
| Other Income ⓘ | 10 | 7 | 11 | 9 | 16 | 26 | 22 | 15 | 30 | 35 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 44 | 38 | 46 | 44 | 57 | 60 | 65 | 71 | 92 | 89 |
| Tax ⓘ | 13 | 11 | 14 | 13 | 17 | 11 | 15 | 15 | 18 | 17 |
| Profit After Tax | 31 | 27 | 32 | 31 | 40 | 49 | 50 | 57 | 74 | 73 |
| PAT Margin (%) | 6.1% | 5.3% | 6.2% | 6.5% | 7.9% | 9.4% | 9.7% | 9.0% | 10.4% | 10.0% |
| Adjusted EPS (₹) | 24.8 | 21.4 | 25.8 | 24.9 | 32.4 | 39.2 | 40.3 | 45.5 | 59.0 | 58.1 |
| Dividend Payout Ratio (%) | 27% | 28% | 28% | 29% | 37% | 26% | 25% | 29% | 41% | 46% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 214 | 232 | 747 | 879 | 1,010 | 935 | 1,433 | 1,223 | 1,364 | 2,065 |
| Share Capital ⓘ | 8 | 8 | 8 | 8 | 8 | 12 | 12 | 12 | 12 | 12 |
| Reserves ⓘ | 206 | 223 | 739 | 870 | 1,002 | 923 | 1,420 | 1,210 | 1,351 | 2,052 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 16 | 13 | 12 | 19 | 14 | 14 | 0 | 5 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 16 | 13 | 12 | 19 | 14 | 14 | 0 | 5 | 0 | 0 |
| Trade Payables | 27 | 36 | 42 | 41 | 43 | 34 | 73 | 60 | 57 | 60 |
| Others Liabilities ⓘ | 19 | 10 | 16 | 13 | 64 | 68 | 115 | 67 | 75 | 179 |
| Total Liabilities ⓘ | 276 | 291 | 818 | 952 | 1,130 | 1,051 | 1,621 | 1,354 | 1,496 | 2,303 |
Fixed Assets | ||||||||||
| Gross Block | 20 | 21 | 14 | 15 | 17 | 17 | 18 | 18 | 22 | 22 |
| Accumulated Depreciation | 10 | 10 | 1 | 1 | 2 | 3 | 4 | 4 | 5 | 5 |
| Net Fixed Assetsⓘ | 11 | 11 | 14 | 13 | 15 | 15 | 14 | 14 | 17 | 17 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 94 | 114 | 673 | 794 | 964 | 860 | 1,409 | 1,162 | 1,288 | 2,066 |
| Inventories | 50 | 49 | 45 | 51 | 55 | 62 | 50 | 68 | 80 | 76 |
| Trade Receivables | 52 | 56 | 58 | 66 | 73 | 76 | 75 | 89 | 88 | 96 |
| Cash Equivalents | 58 | 56 | 14 | 23 | 16 | 26 | 65 | 14 | 16 | 40 |
| Others Assetsⓘ | 11 | 5 | 13 | 5 | 8 | 13 | 7 | 8 | 7 | 8 |
| Total Assets ⓘ | 276 | 291 | 818 | 952 | 1,130 | 1,051 | 1,621 | 1,354 | 1,496 | 2,303 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 20 | 32 | 23 | 13 | 15 | 2 | 90 | -3 | 31 | 26 |
| PBT ⓘ | 44 | 38 | 46 | 44 | 57 | 60 | 65 | 71 | 92 | 89 |
| Adjustment ⓘ | -9 | -7 | -10 | -8 | -15 | -25 | -21 | -14 | -29 | -34 |
| Changes in Working Capital ⓘ | -2 | 11 | 2 | -10 | -9 | -23 | 57 | -42 | -12 | -15 |
| Tax Paid ⓘ | -13 | -10 | -15 | -12 | -19 | -10 | -11 | -18 | -19 | -15 |
| Cash Flow From Investing Activity ⓘ | -12 | -14 | -57 | -5 | -5 | 40 | -71 | -6 | 4 | 13 |
| Capex | -2 | -1 | -4 | -1 | -2 | -1 | 0 | -1 | -4 | -2 |
| Net Investments | -17 | -20 | -56 | -8 | -11 | 31 | -80 | -18 | -10 | -8 |
| Others ⓘ | 8 | 7 | 2 | 3 | 8 | 10 | 9 | 13 | 18 | 23 |
| Cash Flow From Financing Activityⓘ | -11 | -21 | -5 | 1 | -17 | -33 | -14 | -7 | -33 | -30 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | -13 | -18 | -5 | -6 | -11 | -33 | 0 | -12 | -27 | -30 |
| Others ⓘ | 1 | -3 | 0 | 7 | -6 | 0 | -14 | 5 | -5 | 0 |
| Net Cash Flow ⓘ | -3 | -3 | -40 | 8 | -6 | 9 | 5 | -17 | 2 | 9 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 15.1 | 11.99 | 6.57 | 3.82 | 4.28 | 5.03 | 4.25 | 4.28 | 5.7 | 4.23 |
| ROCE (%) | 19.72 | 15.95 | 9.14 | 5.27 | 5.95 | 6.1 | 5.52 | 5.37 | 7.08 | 5.2 |
| Asset Turnover Ratio | 1.94 | 1.77 | 0.94 | 0.54 | 0.49 | 0.48 | 0.39 | 0.42 | 0.5 | 0.38 |
| PAT to CFO Conversion(x) | 0.65 | 1.19 | 0.72 | 0.42 | 0.38 | 0.04 | 1.8 | -0.05 | 0.42 | 0.36 | Working Capital Days |
| Receivable Days | 38 | 39 | 40 | 47 | 49 | 52 | 53 | 48 | 46 | 46 |
| Inventory Days | 34 | 36 | 33 | 37 | 38 | 41 | 39 | 34 | 38 | 39 |
| Payable Days | 21 | 26 | 32 | 38 | 36 | 32 | 45 | 46 | 36 | 35 |
India Motor Parts & Accessories (IMPAL), a TVS Group company was established on July 12, 1954. under the Companies Act, 1913. It has its Registered Office at '21, Patullos Road, Chennai 600002 and Administrative Office at no.46, Whites Road, Chennai. Its present promoters are TV Sundram Iyengar & Sons Limited, Sundaram Finance Limited, Lakshmi General Finance Limited, T.S.Santhanam and persons acting in concert with him.
The company is engaged in the distribution of automobile spare parts and accessories through its 50+ branch network representing over 50 manufacturers. IMPAL is one of the few all India distributors of motor parts and deals in engine group components, brake systems, fasteners, radiators, suspensions, axles, auto electricals, wheels, steering linkages, instrument clusters etc.
Business area of the company
The company is one of the largest all India distributors for automobile spare representing around 50 manufacturers. IMPAL caters to more than 35000 dealers countrywide.
The company provides main product lines for:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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