India Motor Parts & Accessories Ltd.
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ABOUT
AI Sector View
AI GENERATEDOil Gas & Consumable Fuels
Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.
PROS
- Company is almost debt free
- Promoters have been increasing their shareholding - up 4.5pp over 2 years
- Company has consistently been profitable over the last 5 years
- Company has been maintaining a healthy dividend payout of 45.6%
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
CONS
- A large part of profit comes from other income (38.8% of PBT)
- Company has a low return on capital employed of 6.1%
- Company has a low return on equity of 4.9% over last 3 years
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.27x)
- Operating margins have contracted to 7.7% from 12.8%
- Company has delivered a poor sales growth of 7.2% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIENT | 3057.10 | 55.59 | 413846.54 | 0.04 | -1461.54 | -249.67 | 32923.98 | 49.92 | 13.30 | 15.57 |
| AEGISLOG | 1353.10 | 37.96 | 47493.81 | 0.64 | 544.84 | 210.70 | 2356.86 | 37.07 | 19.76 | 30.28 |
| CPPLUS | 3830.15 | 94.94 | 45310.84 | 0.04 | 142.20 | 332.51 | 1402.42 | 89.51 | 29.48 | 14.52 |
| PREMIERENE | 974.55 | 26.57 | 44239.84 | 0.10 | 471.92 | 53.32 | 2462.59 | 35.25 | 33.72 | 29.03 |
| REDINGTON | 393.65 | 18.09 | 30774.55 | 1.52 | 453.49 | 94.65 | 34922.47 | 34.57 | 18.96 | 2.03 |
| HONASA | 470.95 | 61.70 | 15354.11 | 0.64 | 90.45 | 118.87 | 755.95 | 27.00 | 20.87 | 14.58 |
| LLOYDSENT | 69.79 | 94.88 | 10653.81 | 0.21 | 109.98 | -55.77 | 563.03 | 70.15 | 12.84 | 18.07 |
| SGMART | 751.25 | 76.16 | 9468.39 | 0.00 | 455.80 | 1310.71 | 13085.70 | 1044.08 | 10.43 | 4.49 |
| MMTC | 61.96 | 20.78 | 9294.00 | 0.00 | 104.24 | 135.52 | 0.68 | -50.00 | 33.46 | -1423.53 |
| ENTERO | 1819.35 | 63.14 | 7918.37 | 0.00 | 52.05 | 72.17 | 1940.50 | 38.23 | 10.93 | 5.00 |
| EBGNG | 683.00 | 54.67 | 7786.99 | 0.00 | 28.93 | 56.21 | 412.46 | 32.08 | 20.58 | 11.97 |
| IMPAL | 1109.45 | 17.65 | 1384.59 | 2.97 | 22.60 | 7.31 | 190.40 | 4.79 | 5.03 | 7.56 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 177 | 189 | 176 | 191 | 170 | 195 | 182 | 186 | 179 | 198 | 190 | |
| 157 | 173 | 162 | 176 | 151 | 180 | 168 | 173 | 164 | 183 | 176 | |
| Operating Profit | 20 | 16 | 14 | 15 | 19 | 15 | 14 | 14 | 15 | 15 | 14 |
| OPM % | 11.44% | 8.50% | 7.91% | 7.92% | 11.17% | 7.64% | 7.56% | 7.25% | 8.29% | 7.44% | 7.56% |
| 6 | 1 | 11 | 4 | 15 | 7 | 12 | 7 | 10 | 10 | 15 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before Tax | 26 | 17 | 25 | 18 | 33 | 21 | 25 | 20 | 25 | 25 | 29 |
| Tax % | 19.87% | 14.10% | 18.23% | 26.80% | 20.08% | 15.45% | 17.12% | 23.55% | 19.53% | 16.17% | 22.47% |
| Net Profit | 0 | 0 | 0 | 13 | 25 | 18 | 21 | 15 | 20 | 21 | 23 |
| 17.82 | 12.44 | 17.12 | 10.21 | 20.37 | 14.30 | 16.87 | 12.17 | 15.88 | 16.70 | 18.11 |
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 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 502 | 519 | 479 | 524 | 532 | 532 | 646 | 726 | 741 | 753 | |
| 471 | 484 | 444 | 481 | 497 | 486 | 588 | 662 | 684 | 696 | |
| Operating Profit | 31 | 35 | 35 | 44 | 36 | 45 | 59 | 64 | 57 | 57 |
| OPM % | 6.21% | 6.79% | 7.38% | 8.34% | 6.72% | 8.54% | 9.06% | 8.83% | 7.68% | 7.62% |
| 7 | 11 | 9 | 16 | 26 | 22 | 15 | 31 | 35 | 42 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before Tax | 38 | 46 | 44 | 58 | 61 | 67 | 76 | 94 | 91 | 99 |
| Tax % | 29.55% | 29.98% | 28.87% | 29.19% | 18.71% | 23.25% | 19.70% | 19.83% | 18.79% | 20.36% |
| Net Profit | 27 | 32 | 31 | 41 | 50 | 51 | 61 | 75 | 74 | 78 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 42.44 | 48.68 | 60.21 | 59.23 | — |
| Dividend Payout % | 28.01% | 28.40% | 29.18% | 36.25% | 25.19% | 23.60% | 26.71% | 39.86% | 45.58% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 7%
- 3 Years:
- 12%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 12%
- 3 Years:
- 12%
STOCK PRICE CAGR
- 10 Years:
- 7%
- 5 Years:
- 8%
- 3 Years:
- 11%
- 1 Year:
- 8%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 5%
- 3 Years:
- 5%
- Last Year:
- 4%
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 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 | 12 | 12 | 12 | 12 | 12 |
| Minority Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| 224 | 740 | 872 | 1,004 | 926 | 1,428 | 1,222 | 1,356 | 2,058 | |
| 13 | 12 | 19 | 14 | 14 | 0 | 5 | 0 | 0 | |
| Trade Payables | 36 | 42 | 42 | 44 | 36 | 74 | 62 | 59 | 61 |
| 10 | 16 | 13 | 64 | 68 | 115 | 67 | 75 | 179 | |
| Total Liabilities | 292 | 819 | 955 | 1,135 | 1,057 | 1,631 | 1,369 | 1,502 | 2,311 |
| 11 | 14 | 16 | 17 | 17 | 17 | 17 | 19 | 20 | |
| 116 | 675 | 791 | 962 | 858 | 1,412 | 1,168 | 1,286 | 2,063 | |
| 49 | 45 | 53 | 56 | 63 | 51 | 69 | 82 | 78 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 98 | |
| Cash & Bank | 56 | 14 | 23 | 17 | 26 | 68 | 16 | 17 | 44 |
| 61 | 71 | 72 | 83 | 92 | 84 | 99 | 98 | 8 | |
| Total Assets | 292 | 819 | 955 | 1,135 | 1,057 | 1,631 | 1,369 | 1,502 | 2,311 |
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 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| 42 | 38 | 23 | 34 | 13 | 103 | 16 | 51 | 27 | |
| Cash from Investing | -14 | -57 | -4 | -5 | 40 | -73 | -7 | 3 | 15 |
| Cash from Financing | -21 | -5 | 2 | -17 | -33 | -14 | -8 | -33 | -30 |
| -3 | -40 | 9 | -6 | 9 | 5 | -17 | 2 | 12 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-07-31 - India Motor Parts and Accessories Limited has informed the Exchange about Copy of Newspaper Publication
2026-07-30 - India Motor Parts and Accessories Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-23 - India Motor Parts and Accessories Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 21, 2026
2026-07-21 - India Motor Parts and Accessories Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 21, 2026
2026-07-09 - India Motor Parts and Accessories Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
2026-06-29 - India Motor Parts and Accessories Limited has informed the Exchange about Copy of Newspaper Publication
2026-06-27 - India Motor Parts and Accessories Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 21, 2026
2026-06-26 - India Motor Parts and Accessories Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
2026-06-13 - India Motor Parts and Accessories Limited has informed the Exchange about Copy of Newspaper Publication
News
Recent coverage and analyst commentary for IMPAL
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