India Motor Parts & Accessories Ltd.

•

impal.netBSE: 590065NSE: IMPAL

Market Cap₹ 1,392 Cr.

Current Price

High / Low₹ 1,239 / 928

Stock P/E14.2

Book Value₹ 1,867

Price to Book0.51

Dividend Yield2.96 %

ROCE5.0 %

ROE4.2 %

Face Value₹ 10

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ABOUT

AI Sector View

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Oil Gas & Consumable Fuels

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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.

Confidence

78%

View full sector analysis →

PROS

Company is almost debt free
Promoters have been increasing their shareholding - up 4.5pp over 2 years
Company has been maintaining a healthy dividend payout of 42.7%
Company has a consistent dividend-paying track record
Company generates healthy free cash flow
Offers a healthy dividend yield of 3.0%

CONS

A large part of profit comes from other income (45.8% of PBT)
Company has a low return on capital employed of 5.1%
Company has a low return on equity of 4.1% over last 3 years
Interest coverage is weak at 0.0x - earnings barely cover interest
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.20x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Oil Gas & Consumable FuelsTradingTrading

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ADANIENT	2894.80	52.64	391875.62	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	PREMIERENE	999.50	27.25	45372.45	0.10	471.92	53.32	2462.59	35.25	33.72	29.03
3.	CPPLUS	3715.75	92.10	43957.48	0.04	142.20	332.51	1402.42	89.51	29.48	14.52
4.	AEGISLOG	1242.80	34.86	43622.28	0.70	544.84	210.70	2356.86	37.07	19.76	30.28
5.	REDINGTON	363.00	16.68	28378.41	1.65	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	470.45	61.63	15337.81	0.64	90.45	118.87	755.95	27.00	8.99	14.58
7.	LLOYDSENT	70.95	96.45	10830.89	0.21	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	825.65	83.70	10406.10	0.00	455.80	1310.71	13085.70	1044.08	10.43	4.49
9.	MMTC	62.14	20.84	9321.00	0.00	104.24	135.52	0.68	-50.00	33.46	-1423.53
10.	ENTERO	1799.70	62.46	7832.85	0.00	52.05	72.17	1940.50	38.23	10.93	5.00
11.	CELLO	346.70	24.48	7658.08	0.43	734.02	810.12	5267.16	895.66	17.15	18.80
12.	IMPAL	1115.00	17.74	1391.52	2.96	22.60	7.31	190.40	4.79	5.03	7.56

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	190	177	186	179	198	190	212	189	197	199	231	211	234
	176	164	173	164	183	176	195	173	183	184	213	194	217
Operating Profit	15	13	14	15	15	14	16	11	14	15	18	17	18
OPM %	7.65%	7.54%	7.25%	8.29%	7.44%	7.56%	7.76%	5.66%	7.15%	7.34%	7.69%	8.13%	7.76%
Other Income	6	12	7	10	10	15	5	16	12	17	6	18	10
Interest	0	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	0
	21	25	20	25	25	29	22	29	26	31	23	34	27
Tax %	15.26%	16.98%	23.55%	19.53%	16.17%	22.47%	24.43%	18.27%	20.49%	17.50%	26.61%	2.90%	20.92%
Net Profit	18	21	15	20	21	23	16	24	20	26	17	33	22
	14	17	12	16	17	18	13	19	16	20	14	27	2
Equity Capital	12	12	12	12	12	12	12	12	12	12	12	12	12
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	519	476	512	519	518	628	708	741	789	837	875
	484	440	469	484	474	571	645	684	727	774	807
Operating Profit	47	45	58	61	67	72	93	92	109	116	—
OPM %	9	9	11	12	13	12	13	12	14	14	—
Other Income	11	9	16	26	22	15	30	35	47	52	50
Interest	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	1	1	1	2	2
	46	44	57	60	65	71	92	91	105	114	116
Tax %	30	29	29	19	23	20	20	19	20	16	16
Net Profit	32	31	40	49	50	57	74	74	84	97	98
EPS	0	0	0	0	40	46	59	59	67	77	—
Dividend Payout %	28	29	37	26	25	29	41	46	45	43	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	26	25	32	39	40	46	59	59	67	77	—

COMPOUNDED SALES GROWTH

10 Years:: 5%
5 Years:: 10%
3 Years:: 6%

COMPOUNDED PROFIT GROWTH

10 Years:: 14%
5 Years:: 14%
3 Years:: 9%

STOCK PRICE CAGR

10 Years:: 7%
5 Years:: 7%
3 Years:: 10%
1 Year:: 9%

RETURN ON EQUITY

10 Years:: 5%
5 Years:: 4%
3 Years:: 4%
Last Year:: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	8	8	8	12	12	12	12	12	12	12
	739	870	1,002	923	1,420	1,210	1,351	2,058	2,234	2,296
	12	19	14	14	0	5	0	0	0	0
Trade Payables	42	41	43	34	73	60	57	61	52	26
	16	13	64	68	115	67	75	179	207	205
Total Liabilities	818	952	1,130	1,051	1,621	1,354	1,496	2,311	2,505	2,540
ASSETS	-	-	-	-	-	-	-	-	-	-
	14	13	15	15	14	14	17	20	18	22
	673	794	964	860	1,409	1,162	1,288	2,063	2,232	2,258
	45	51	55	62	50	68	80	78	83	97
	0	0	0	0	0	0	0	98	109	106
Cash & Bank	14	23	16	26	65	14	16	44	55	47
	71	71	80	89	82	96	95	8	10	9
Total Assets	818	952	1,130	1,051	1,621	1,354	1,496	2,311	2,505	2,540
Total Debt	12	19	14	14	0	5	0	0	0	0
Net Working Capital	195	186	299	286	299	223	201	206	249	297
Contingent Liabilities	0	0	0	0	0	0	0	0	1	1
Book Value per Share	898.30	1056.01	1213.79	749.37	1147.93	979.58	1092.90	1658.79	1799.66	1849.50
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	23	13	15	2	90	-3	31	27	18	5
Cash from Investing	-57	-5	-5	40	-71	-6	4	15	13	34
Cash from Financing	-5	1	-17	-33	-14	-7	-33	-30	-35	-37
	-40	8	-6	9	5	-17	2	12	-4	2
Free Cash Flow	23	12	14	1	90	-4	28	24	18	-1
OCF / Net Profit	0.71	0.40	0.38	0.04	1.79	-0.06	0.42	0.36	0.21	0.05
Cumulative 5-Year FCF	0	0	0	0	139	112	128	139	155	65

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	38.64	37.34	48.57	39.18	40.29	45.52	59.03	59.23	67.04	77.36
Book Value (₹)	898.30	1056.01	1213.79	749.37	1147.93	979.58	1092.90	1658.79	1799.66	1849.50
Dividend per Share (₹)	11.00	11.00	18.00	10.00	10.00	13.00	24.00	27.00	30.00	33.00
Cash EPS (₹)	26.41	25.59	33.12	40.00	40.97	46.15	59.76	60.18	68.02	78.59
PROFITABILITY
Operating Margin %	9.00%	9.36%	11.36%	11.79%	12.85%	11.51%	13.10%	7.68%	7.81%	7.59%
Net Margin %	6.20%	6.53%	7.90%	9.43%	9.71%	9.05%	10.41%	9.97%	10.61%	11.53%
ROE %	6.57%	3.82%	4.28%	5.03%	4.25%	4.28%	5.70%	4.30%	3.88%	4.24%
ROCE %	9.14%	5.27%	5.95%	6.10%	5.52%	5.37%	7.08%	5.30%	4.86%	5.03%
	5.80%	3.51%	3.88%	4.48%	3.76%	3.82%	5.17%	3.88%	3.47%	3.83%
EFFICIENCY
Debtor Days	40	47	49	52	53	48	46	46	48	47
Inventory Days	33	37	38	41	39	34	38	39	37	39
Payable Days	32	38	36	32	45	46	36	35	31	20
	41	47	51	61	47	36	48	50	54	66
FINANCIAL HEALTH
Debt to Equity (x)	0.02x	0.02x	0.01x	0.01x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Interest Coverage (x)	0.00x	0.00x	697.21x	546.64x	298.68x	446.69x	9179.00x	4552.00x	0.00x	0.00x
	4.09x	3.79x	5.73x	6.16x	4.67x	3.87x	3.94x	3.81x	4.70x	9.10x
GROWTH
Revenue Growth %	3.40%	-8.36%	7.58%	1.37%	-0.15%	21.24%	12.71%	4.74%	6.43%	6.12%
Operating Profit Growth %	20.90%	-4.65%	30.49%	5.25%	8.85%	8.55%	28.30%	-0.52%	17.92%	6.65%
Net Profit Growth %	20.37%	-3.36%	30.07%	21.01%	2.82%	12.99%	29.68%	0.34%	13.19%	15.39%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.34%	13.19%	15.39%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	16.24x	14.55x	12.29x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.58x	0.54x	0.51x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.81%	3.08%	3.47%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	12.54x	10.68x	9.83x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	30.71	30.71	30.71	30.71	33.81	33.81	33.81	33.81	35.21
	8.08	7.88	7.89	7.89	3.77	3.60	3.60	3.60	0.76
	2.49	2.49	2.49	2.49	1.38	1.34	1.34	1.34	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	58.71	58.92	58.90	58.91	61.04	61.25	61.25	61.25	64.03

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-07-31

Copy of Newspaper Publication

2026-07-31 - India Motor Parts and Accessories Limited has informed the Exchange about Copy of Newspaper Publication

2026-07-30

Outcome of Board Meeting

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

Shareholders meeting

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

Shareholders meeting

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

Certificate under SEBI (Depositories and Participants) Regulations, 2018

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

Copy of Newspaper Publication

2026-06-29 - India Motor Parts and Accessories Limited has informed the Exchange about Copy of Newspaper Publication

2026-06-27

Shareholders meeting

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

Trading Window

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

Copy of Newspaper Publication

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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Name

ADANIENT

2894.80

52.64

391875.62

0.04

-1461.54

-249.67

32923.98

49.92

13.30

15.57

PREMIERENE

999.50

27.25

45372.45

0.10

471.92

53.32

2462.59

35.25

33.72

29.03

CPPLUS

3715.75

92.10

43957.48

0.04

142.20

332.51

1402.42

89.51

29.48

14.52

AEGISLOG

1242.80

34.86

43622.28

0.70

544.84

210.70

2356.86

37.07

19.76

30.28

REDINGTON

363.00

16.68

28378.41

1.65

453.49

94.65

34922.47

34.57

18.96

2.03

HONASA

470.45

61.63

15337.81

0.64

90.45

118.87

755.95

27.00

8.99

14.58

LLOYDSENT

70.95

96.45

10830.89

0.21

109.98

-55.77

563.03

70.15

12.84

18.07

SGMART

825.65

83.70

10406.10

0.00

455.80

1310.71

13085.70

1044.08

10.43

4.49

MMTC

62.14

20.84

9321.00

0.00

104.24

135.52

0.68

-50.00

33.46

-1423.53

ENTERO

1799.70

62.46

7832.85

0.00

52.05

72.17

1940.50

38.23

10.93

5.00

CELLO

346.70

24.48

7658.08

0.43

734.02

810.12

5267.16

895.66

17.15

18.80

IMPAL

1115.00

17.74

1391.52

2.96

22.60

7.31

190.40

4.79

5.03

7.56

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

190

177

186

179

198

190

212

189

197

199

231

211

234

176

164

173

164

183

176

195

173

183

184

213

194

217

Operating Profit

OPM %

7.65%

7.54%

7.25%

8.29%

7.44%

7.56%

7.76%

5.66%

7.15%

7.34%

7.69%

8.13%

7.76%

Other Income

Interest

Depreciation

Tax %

15.26%

16.98%

23.55%

19.53%

16.17%

22.47%

24.43%

18.27%

20.49%

17.50%

26.61%

2.90%

20.92%

Net Profit

Equity Capital

Reserves

Promoter Pledge %

0.00%

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

519

476

512

519

518

628

708

741

789

837

875

484

440

469

484

474

571

645

684

727

774

807

Operating Profit

109

116

—

OPM %

—

Other Income

Interest

Depreciation

105

114

116

Tax %

Net Profit

EPS

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

Equity Capital

739

870

1,002

923

1,420

1,210

1,351

2,058

2,234

2,296

Trade Payables

115

179

207

205

Total Liabilities

818

952

1,130

1,051

1,621

1,354

1,496

2,311

2,505

2,540

ASSETS

673

794

964

860

1,409

1,162

1,288

2,063

2,232

2,258

109

106

Cash & Bank

Total Assets

818

952

1,130

1,051

1,621

1,354

1,496

2,311

2,505

2,540

Total Debt

Net Working Capital

195

186

299

286

299

223

201

206

249

297

Contingent Liabilities

Book Value per Share

898.30

1056.01

1213.79

749.37

1147.93

979.58

1092.90

1658.79

1799.66

1849.50

Face Value

10.00

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-3

Cash from Investing

-57

-5

-71

-6

Cash from Financing

-5

-17

-33

-14

-7

-33

-30

-35

-37

-40

-6

-17

-4

Free Cash Flow

-4

-1

OCF / Net Profit

0.71

0.40

0.38

0.04

1.79

-0.06

0.42

0.36

0.21

0.05

Cumulative 5-Year FCF

139

112

128

139

155

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

38.64

37.34

48.57

39.18

40.29

45.52

59.03

59.23

67.04

77.36

Book Value (₹)

898.30

1056.01

1213.79

749.37

1147.93

979.58

1092.90

1658.79

1799.66

1849.50

Dividend per Share (₹)

11.00

18.00

10.00

13.00

24.00

27.00

30.00

33.00

Cash EPS (₹)

26.41

25.59

33.12

40.00

40.97

46.15

59.76

60.18

68.02

78.59

PROFITABILITY

Operating Margin %

9.00%

9.36%

11.36%

11.79%

12.85%

11.51%

13.10%

7.68%

7.81%

7.59%

Net Margin %

6.20%

6.53%

7.90%

9.43%

9.71%

9.05%

10.41%

9.97%

10.61%

11.53%

ROE %

6.57%

3.82%

4.28%

5.03%

4.25%

4.28%

5.70%

4.30%

3.88%

4.24%

ROCE %

9.14%

5.27%

5.95%

6.10%

5.52%

5.37%

7.08%

5.30%

4.86%

5.03%

5.80%

3.51%

3.88%

4.48%

3.76%

3.82%

5.17%

3.88%

3.47%

3.83%

EFFICIENCY

Debtor Days

Inventory Days

Payable Days

FINANCIAL HEALTH

Debt to Equity (x)

0.02x

0.01x

0.00x

Interest Coverage (x)

0.00x

697.21x

546.64x

298.68x

446.69x

9179.00x

4552.00x

0.00x

4.09x

3.79x

5.73x

6.16x

4.67x

3.87x

3.94x

3.81x

4.70x

9.10x

GROWTH

Revenue Growth %

3.40%

-8.36%

7.58%

1.37%

-0.15%

21.24%

12.71%

4.74%

6.43%

6.12%

Operating Profit Growth %

20.90%

-4.65%

30.49%

5.25%

8.85%

8.55%

28.30%

-0.52%

17.92%

6.65%

Net Profit Growth %

20.37%

-3.36%

30.07%

21.01%

2.82%

12.99%

29.68%

0.34%

13.19%

15.39%

0.00%

0.34%

13.19%

15.39%

VALUATION

P/E (x)

0.00x

16.24x

14.55x

12.29x

P/B (x)

0.00x

0.58x

0.54x

0.51x

Dividend Yield %

0.00%

2.81%

3.08%

3.47%

0.00x

12.54x

10.68x

9.83x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

30.71

33.81

35.21

8.08

7.88

7.89

3.77

3.60

0.76

2.49

1.38

1.34

0.00

Government

0.00

58.71

58.92

58.90

58.91

61.04

61.25

64.03

India Motor Parts & Accessories Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

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India Motor Parts & Accessories Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI