NSEI:IMPAL

Stock Analysis Report

India Motor Parts and Accessories

Executive Summary

India Motor Parts and Accessories Limited, together with its subsidiary, sells and distributes automobile spare parts and accessories in India.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.

Share Price & News

How has India Motor Parts and Accessories's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.6%

IMPAL

-0.5%

IN Retail Distributors

0.5%

IN Market


1 Year Return

15.7%

IMPAL

-12.6%

IN Retail Distributors

0.9%

IN Market

Return vs Industry: IMPAL exceeded the Indian Retail Distributors industry which returned -12.6% over the past year.

Return vs Market: IMPAL exceeded the Indian Market which returned 0.9% over the past year.


Share holder returns

IMPALIndustryMarket
7 Day4.6%-0.5%0.5%
30 Day3.9%-2.1%1.0%
90 Day17.8%-18.0%-3.2%
1 Year18.1%15.7%-12.1%-12.6%2.8%0.9%
3 Year25.9%20.3%-35.4%-36.0%20.3%14.3%
5 Year76.6%63.2%-57.6%-57.9%43.1%29.8%

Price Volatility Vs. Market

How volatile is India Motor Parts and Accessories's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is India Motor Parts and Accessories undervalued based on future cash flows and its price relative to the stock market?

19.2x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: IMPAL (₹985.8) is trading above our estimate of fair value (₹204.14)

Significantly Undervalued: IMPAL is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: IMPAL is good value based on its PE Ratio (19.2x) compared to the Retail Distributors industry average (51.7x).

PE vs Market: IMPAL is poor value based on its PE Ratio (19.2x) compared to the Indian market (13.1x).


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate IMPAL's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: IMPAL is good value based on its PB Ratio (0.8x) compared to the IN Retail Distributors industry average (0.9x).


Next Steps

Future Growth

How is India Motor Parts and Accessories expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

-6.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: IMPAL's earnings are forecast to decline over the next 3 years (-6.8% per year).

Earnings vs Market: IMPAL's earnings are forecast to decline over the next 3 years (-6.8% per year).

High Growth Earnings: IMPAL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if IMPAL's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if IMPAL's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if IMPAL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has India Motor Parts and Accessories performed over the past 5 years?

6.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: IMPAL's earnings have grown by 6.7% per year over the past 5 years.

Accelerating Growth: IMPAL's earnings growth over the past year (26.4%) exceeds its 5-year average (6.7% per year).

Earnings vs Industry: IMPAL earnings growth over the past year (26.4%) exceeded the Retail Distributors industry 11.6%.


Return on Equity

High ROE: IMPAL's Return on Equity (4.2%) is considered low.


Return on Assets

ROA vs Industry: IMPAL has a higher Return on Assets than the Retail Distributors industry average last year.


Return on Capital Employed

ROCE Improving: IMPAL's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is India Motor Parts and Accessories's financial position?


Financial Position Analysis

Short Term Liabilities: IMPAL's short term assets (₹3.7B) exceeds its short term liabilities (₹645.6M)

Long Term Liabilities: IMPAL's short term assets (3.7B) exceeds its long term liabilities (573.5M)


Debt to Equity History and Analysis

Debt Level: IMPAL's debt to equity ratio (1.3%) is considered satisfactory

Reducing Debt: IMPAL's debt to equity ratio has reduced from 7.4% to 1.3% over the past 5 years.

Debt Coverage: IMPAL's debt is well covered by operating cash flow (115.6%).

Interest Coverage: IMPAL earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: IMPAL has a low level of unsold assets or inventory.

Debt Coverage by Assets: IMPAL's debt is covered by short term assets (assets are 27.114080x debt).


Next Steps

Dividend

What is India Motor Parts and Accessories's current dividend yield, its reliability and sustainability?

1.62%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%0.6%markettop25%2.5%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: IMPAL's dividend (1.62%) is higher than the bottom 25% of dividend payers in the Indian market (0.61%).

High Dividend: IMPAL's dividend (1.62%) is low compared to the top 25% of dividend payers in the Indian market (2.46%).

Stable Dividend: IMPAL's dividend payments have been volatile in the past 10 years.

Growing Dividend: IMPAL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.9%), IMPAL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of India Motor Parts and Accessories's salary, the management and board of directors tenure and is there insider trading?

4.3yrs

Average management tenure


CEO

Narayanan Krishnan (66yo)

20.3yrs

Tenure

₹18,993,000

Compensation

Mr. Narayanan Krishnan has been Managing Director of India Motor Parts and Accessories Limited since July 1, 1999. Mr. Krishnan served as General Manager of Sales at Axles India Limited, he joined IMPAL in ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Narayanan's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Narayanan's compensation has been consistent with company performance over the past year.


Management Age and Tenure

4.3yrs

Average Tenure

57yo

Average Age

Experienced Management: IMPAL's management team is considered experienced (4.3 years average tenure).


Board Age and Tenure

5.2yrs

Average Tenure

63yo

Average Age

Experienced Board: IMPAL's board of directors are considered experienced (5.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • S. Kalyanaraman (57yo)

    Compliance Officer & Company Secretary

    • Tenure: 5.7yrs
    • Compensation: ₹1.52m
  • Narayanan Krishnan (66yo)

    MD & Executive Director

    • Tenure: 20.3yrs
    • Compensation: ₹18.99m
  • L. Srinivasan

    Senior Vice President of Marketing

    • Tenure: 0yrs
  • S. Ramasubramanian

    CFO & Executive VP of Finance and Accounts

    • Tenure: 0yrs
    • Compensation: ₹5.09m
  • M. Parameswaran

    General Manager of Accounts & Information Systems

    • Tenure: 0yrs
  • Mukund Raghavan (53yo)

    Executive Director

    • Tenure: 0.7yrs
    • Compensation: ₹1.34m
  • M. Sriram

    Senior Deputy General Manager of Accounts

    • Tenure: 2.9yrs

Board Members

  • Srinivasan Venkatesan (70yo)

    Independent Non-Executive Director

    • Tenure: 5.2yrs
    • Compensation: ₹160.00k
  • Sreenivasan Prasad (71yo)

    Independent Non Executive Director

    • Tenure: 12.5yrs
    • Compensation: ₹178.00k
  • Santhanam Ram (79yo)

    Non-Executive Chairman

    • Tenure: 4.8yrs
    • Compensation: ₹110.00k
  • Ananth Ramanujam (54yo)

    Non Executive Director

    • Tenure: 14.1yrs
    • Compensation: ₹74.00k
  • Narayanan Krishnan (66yo)

    MD & Executive Director

    • Tenure: 20.3yrs
    • Compensation: ₹18.99m
  • Rasesh Doshi (56yo)

    Independent Non Executive Director

    • Tenure: 11.3yrs
    • Compensation: ₹160.00k
  • Mukund Raghavan (53yo)

    Executive Director

    • Tenure: 0.7yrs
    • Compensation: ₹1.34m
  • Tandalam Narasimhachari Durai (63yo)

    Independent Non-Executive Director

    • Tenure: 5.2yrs
    • Compensation: ₹98.00k
  • Sriya Chari (45yo)

    Independent Women Director

    • Tenure: 0.7yrs
    • Compensation: ₹62.00k

Company Information

India Motor Parts and Accessories Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: India Motor Parts and Accessories Limited
  • Ticker: IMPAL
  • Exchange: NSEI
  • Founded: 1954
  • Industry: Distributors
  • Sector: Retail
  • Market Cap: ₹8.228b
  • Shares outstanding: 8.32m
  • Website: https://www.impal.net

Number of Employees


Location

  • India Motor Parts and Accessories Limited
  • Sundaram Towers
  • III Floor
  • Chennai
  • Tamil Nadu
  • 600014
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
590065BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2007
IMPALNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2007

Biography

India Motor Parts and Accessories Limited, together with its subsidiary, sells and distributes automobile spare parts and accessories in India. It primarily offers engine group components, brake systems, f ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 13:05
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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