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India Motor Parts & Accessories Ltd. Stock Analysis

Small Cap
Evaluated by 227 users | BSE: 590065 | NSE: IMPAL |
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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...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 22.91%20.69%14.13%13.84%13.44%11.15%5.1%3.24%3.67%3.91%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 429501495512512502519476512519
Y-o-Y Gr. Rt.-16.8%-1.2%3.3%0.1%-2%3.4%-8.4%7.6%1.4%
Adjusted EPS (Rs.) 22.9225.6321.3322.9823.7721.2120.5121.528.1930.86
Y-o-Y Gr. Rt.-11.8%-16.8%7.7%3.4%-10.8%-3.3%4.8%31.1%9.5%
Book Value per Share (Rs.) 107.78126.26141.07157.73171.35185.53598.86704.01809.19749.36
Adjusted Net Profit 28.63226.628.729.726.525.626.835.238.5
Net Op. Cash Flow (Rs. Cr.) 7.722.221.921.720.131.92312.615.32.1
Debt to Cash Flow from Ops 0.120.731.230.680.80.420.531.530.886.48
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
India Motor Parts & Accessories Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 2.1%0.3%-01.4%
Adjusted EPS 3.4%5.4%14.6%9.5%
Book Value per Share 2434.37.8-7.4
Share Price 11.5% 4.3% 1.3% -9.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 23.0121.915.9615.3814.4511.895.233.33.733.96
Operating Profit Margin (%) 9.098.357.337.36.796.216.797.48.36.71
Net Profit Margin (%) 6.666.385.375.615.795.274.935.646.887.43
Debt to Equity 0.010.10.150.070.070.060.020.020.010.01
Working Capital Days 697176747881809292101
Cash Conversion Cycle 45495353524943495464
Entity Percentage Holding
Promoters 30.72%
Institutions 9.76%
Non-Institutions 59.52%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of India Motor Parts's performance infers:

India Motor Parts earnings have grown by 5.4%, whereas share price has appreciated 4.3% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of India Motor Parts share prices over the last 10 years. Here is what we found out:

India Motor Parts share price has appreciated 9.2% annually over the past ten years.

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

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:

  • Automotive Industrial Seals P Limited -Oil seals for various applications
  • Banco Products (I) Limited, Baroda -Gaskets for automotive, industrial & tractor applications.
  • Brakes India Limited, Chennai -Hydraulic Brake Parts and Brake Fluid
  • Ceekay Daikin Limited, Mumbai -Clutch Cover Assembly & Clutch Driven Plate
  • Delhpi TVS Diesel Systems, Chennai -Car fuel system components
  • Devendra Exports P Ltd, Chennai -Fuel injection parts
  • Eicher Demm, Mumbai -Crown Wheel Pinion, Differential Gears, Transmission Gears
  • Finolex Cables Limited, Pune -Auto cables
  • Fenner India Limited, Madurai -Fan belts and oil seals
  • G S Radiators, Ludhiana -Radiators
  • Anand Automotive Systems Limited, Delhi -Gabriel Shock Absorbers, Struts, Anand Engine Bearings, Purolator filters and PCVL rings
  • General Motors Overseas Distribution Corporation, Gurgaon - AC Delco range of products
  • GMP Brake drums, Coimbatore - Brake drums for various applications
  • India Japan Lighting Limited, Chennai - Head lamps & Tail lamps etc.
  • KAP Axles Private Limited, Mumbai -Axles shafts
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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