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India Motor Parts and Accessories

NSEI:IMPAL
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IMPAL
NSEI
₹7B
Market Cap
  1. Home
  2. IN
  3. Retail
Company description

India Motor Parts and Accessories Limited, together with its subsidiary, distributes automobile spare parts and accessories in India. The last earnings update was 49 days ago. More info.


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IMPAL Share Price and Events
7 Day Returns
-0.2%
NSEI:IMPAL
-5.1%
IN Retail Distributors
-0.5%
IN Market
1 Year Returns
-8.5%
NSEI:IMPAL
-2.3%
IN Retail Distributors
-1.8%
IN Market
IMPAL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
India Motor Parts and Accessories (IMPAL) -0.2% -2.2% -4.3% -8.5% 12.8% 66.8%
IN Retail Distributors -5.1% -0.4% -1.4% -2.3% -39.4% -11.1%
IN Market -0.5% -2.7% -4.7% -1.8% 22.9% 34.2%
1 Year Return vs Industry and Market
  • IMPAL underperformed the Retail Distributors industry which returned -2.3% over the past year.
  • IMPAL underperformed the Market in India which returned -1.8% over the past year.
Price Volatility
IMPAL
Industry
5yr Volatility vs Market

IMPAL Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of India Motor Parts and Accessories to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for India Motor Parts and Accessories.

NSEI:IMPAL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 15.1%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:IMPAL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Retail Distributors Unlevered Beta Simply Wall St/ S&P Global 0.8
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.801 (1 + (1- 35%) (1.94%))
0.873
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.873 * 8.6%)
15.06%

Discounted Cash Flow Calculation for NSEI:IMPAL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for India Motor Parts and Accessories is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:IMPAL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 15.06%)
2020 85.65 Est @ 5.71% 74.44
2021 91.02 Est @ 6.26% 68.75
2022 97.07 Est @ 6.65% 63.72
2023 103.78 Est @ 6.92% 59.21
2024 111.16 Est @ 7.11% 55.12
2025 119.21 Est @ 7.24% 51.37
2026 127.95 Est @ 7.33% 47.92
2027 137.42 Est @ 7.4% 44.73
2028 147.65 Est @ 7.44% 41.77
2029 158.69 Est @ 7.48% 39.02
Present value of next 10 years cash flows ₹546.07
NSEI:IMPAL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹158.69 × (1 + 7.55%) ÷ (15.06% – 7.55%)
₹2,272.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹2,272.32 ÷ (1 + 15.06%)10
₹558.73
NSEI:IMPAL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹546.07 + ₹558.73
₹1,104.80
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹1,104.80 / 8.32
₹132.8
NSEI:IMPAL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:IMPAL represents 0.99838x of BSE:590065
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99838x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 132.80 x 0.99838
₹132.58
Value per share (INR) From above. ₹132.58
Current discount Discount to share price of ₹835.05
= -1 x (₹835.05 - ₹132.58) / ₹132.58
-529.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of India Motor Parts and Accessories is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for India Motor Parts and Accessories's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are India Motor Parts and Accessories's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:IMPAL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹49.77
BSE:590065 Share Price ** BSE (2019-07-16) in INR ₹836.4
India Retail Distributors Industry PE Ratio Median Figure of 75 Publicly-Listed Retail Distributors Companies 74.29x
India Market PE Ratio Median Figure of 2,834 Publicly-Listed Companies 14.78x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of India Motor Parts and Accessories.

NSEI:IMPAL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:590065 Share Price ÷ EPS (both in INR)

= 836.4 ÷ 49.77

16.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • India Motor Parts and Accessories is good value based on earnings compared to the IN Retail Distributors industry average.
  • India Motor Parts and Accessories is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does India Motor Parts and Accessories's expected growth come at a high price?
Raw Data
NSEI:IMPAL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-21.6%per year
Global Retail Distributors Industry PEG Ratio Median Figure of 19 Publicly-Listed Retail Distributors Companies 1.22x
India Market PEG Ratio Median Figure of 536 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for India Motor Parts and Accessories, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on India Motor Parts and Accessories's assets?
Raw Data
NSEI:IMPAL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹1,219.49
BSE:590065 Share Price * BSE (2019-07-16) in INR ₹836.4
India Retail Distributors Industry PB Ratio Median Figure of 104 Publicly-Listed Retail Distributors Companies 1x
India Market PB Ratio Median Figure of 3,668 Publicly-Listed Companies 0.95x
NSEI:IMPAL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:590065 Share Price ÷ Book Value per Share (both in INR)

= 836.4 ÷ 1,219.49

0.69x

* Primary Listing of India Motor Parts and Accessories.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • India Motor Parts and Accessories is good value based on assets compared to the IN Retail Distributors industry average.
X
Value checks
We assess India Motor Parts and Accessories's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Retail Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Retail Distributors industry average (and greater than 0)? (1 check)
  5. India Motor Parts and Accessories has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

IMPAL Future Performance

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

  • No analysts cover India Motor Parts and Accessories, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-21.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is India Motor Parts and Accessories expected to grow at an attractive rate?
  • India Motor Parts and Accessories's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • India Motor Parts and Accessories's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare India Motor Parts and Accessories's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:IMPAL Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:IMPAL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -21.6%
India Retail Distributors Industry Earnings Growth Rate Market Cap Weighted Average -7%
Global Retail Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:IMPAL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:IMPAL Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSEI:IMPAL Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 5,242 413
2018-03-31 4,791 109 314
2017-03-31 5,189 230 322

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • India Motor Parts and Accessories's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if India Motor Parts and Accessories is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:IMPAL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from India Motor Parts and Accessories Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:IMPAL Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSEI:IMPAL Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 49.77
2018-03-31 37.69
2017-03-31 38.73

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if India Motor Parts and Accessories will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess India Motor Parts and Accessories's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
India Motor Parts and Accessories has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

IMPAL Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare India Motor Parts and Accessories's growth in the last year to its industry (Retail Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • India Motor Parts and Accessories's year on year earnings growth rate has been positive over the past 5 years.
  • India Motor Parts and Accessories's 1-year earnings growth exceeds its 5-year average (31.8% vs 4.5%)
  • India Motor Parts and Accessories's earnings growth has exceeded the IN Retail Distributors industry average in the past year (31.8% vs 20.8%).
Earnings and Revenue History
India Motor Parts and Accessories's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from India Motor Parts and Accessories Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:IMPAL Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 5,242.01 413.19 231.27
2018-03-31 4,790.88 313.60 365.14
2017-03-31 5,189.01 322.23 337.10
2016-03-31 5,018.28 267.32 180.33
2015-12-31 4,976.24 240.21 289.99
2015-09-30 5,011.41 259.02 286.82
2015-06-30 5,057.05 299.51 284.91
2015-03-31 5,119.68 310.05 282.70
2014-12-31 5,194.73 318.41 267.76
2014-09-30 5,222.87 338.18 265.98
2014-06-30 5,237.45 303.27 262.14
2014-03-31 5,115.15 295.47 258.68
2013-12-31 5,086.82 274.88 253.54
2013-09-30 5,000.09 262.27 249.41
2013-06-30 4,923.73 265.42 246.21
2013-03-31 4,954.18 272.02 243.08
2012-12-31 4,926.11 306.23 226.57
2012-09-30 4,960.59 316.92 224.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • India Motor Parts and Accessories has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • India Motor Parts and Accessories used its assets more efficiently than the IN Retail Distributors industry average last year based on Return on Assets.
  • India Motor Parts and Accessories's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess India Motor Parts and Accessories's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Retail Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
India Motor Parts and Accessories has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

IMPAL Health

 How is India Motor Parts and Accessories's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up India Motor Parts and Accessories's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • India Motor Parts and Accessories is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • India Motor Parts and Accessories's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of India Motor Parts and Accessories's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 27.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from India Motor Parts and Accessories Company Filings, last reported 3 months ago.

NSEI:IMPAL Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 10,130.17 135.28 2,286.86
2018-03-31 8,807.02 192.65 1,312.90
2017-03-31 7,486.82 120.58 1,427.61
2016-03-31 2,327.13 134.91 1,156.23
2015-12-31 2,261.87 131.63 1,089.42
2015-09-30 2,261.87 131.63 1,089.42
2015-06-30 2,138.37 160.12 983.32
2015-03-31 2,138.37 160.12 983.32
2014-12-31 2,142.88 111.91 974.30
2014-09-30 2,142.88 111.91 974.30
2014-06-30 1,968.35 147.00 865.77
2014-03-31 1,968.35 147.00 865.77
2013-12-31 1,892.31 229.85 898.23
2013-09-30 1,892.31 229.85 898.23
2013-06-30 1,760.49 269.37 758.97
2013-03-31 1,760.49 269.37 758.97
2012-12-31 1,717.22 176.08 644.26
2012-09-30 1,717.22 176.08 644.26
  • India Motor Parts and Accessories's level of debt (1.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (7.5% vs 1.3% today).
  • Debt is well covered by operating cash flow (80.3%, greater than 20% of total debt).
  • India Motor Parts and Accessories earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess India Motor Parts and Accessories's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. India Motor Parts and Accessories has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

IMPAL Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.91%
Current annual income from India Motor Parts and Accessories dividends.
If you bought ₹2,000 of India Motor Parts and Accessories shares you are expected to receive ₹38 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • India Motor Parts and Accessories's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • India Motor Parts and Accessories's dividend is below the markets top 25% of dividend payers in India (2.18%).
Upcoming dividend payment

Purchase India Motor Parts and Accessories before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:IMPAL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Retail Distributors Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1447 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:IMPAL Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
NSEI:IMPAL Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-28 16.000 1.863
2018-06-07 11.000 1.219
2017-05-29 11.000 1.164
2017-01-27 11.500 1.448
2016-07-27 13.000 1.612
2016-05-30 13.000 1.757
2016-03-08 13.000 1.930
2015-11-03 5.000 0.731
2015-05-28 10.000 1.442
2014-08-07 9.000 1.321
2014-05-28 9.000 1.758
2014-02-04 9.000 2.094
2013-07-03 9.000 2.260
2013-05-28 9.000 2.125
2013-02-12 13.000 3.034
2012-10-19 13.000 3.104
2012-07-27 9.500 2.364
2012-05-30 9.500 2.820
2012-02-10 9.500 2.870
2011-09-09 8.500 2.700
2011-05-03 8.500 2.555
2011-02-07 8.500 2.475
2010-10-28 8.500 2.616
2010-07-12 7.750 2.341
2010-04-29 7.750 3.025
2010-02-08 14.000 6.150
2009-07-31 6.000 3.593
2009-07-09 6.000 5.060

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of India Motor Parts and Accessories's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess India Motor Parts and Accessories's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can India Motor Parts and Accessories afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. India Motor Parts and Accessories has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

IMPAL 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?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
N. Krishnan
COMPENSATION ₹16,223,000
AGE 66
TENURE AS CEO 20 years
CEO Bio

Mr. N. 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 December 1993 as General Manager. Sri. N Krishnan was inducted into the Board as Deputy Managing Director from 24.07.1997. Sri. Krishnan serves as Executive Director of India Motor Parts and Accessories Limited. Sri. Krishnan holds B.E. in Mechanical Engineering, MBA and MS from the University of Southern California at Los Angeles.

CEO Compensation
  • N.'s compensation has been consistent with company performance over the past year, both up more than 20%.
  • N.'s remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the India Motor Parts and Accessories management team in years:

4
Average Tenure
56
Average Age
  • The tenure for the India Motor Parts and Accessories management team is about average.
Management Team

N. Krishnan

TITLE
MD & Executive Director
COMPENSATION
₹16M
AGE
66
TENURE
20 yrs

S. Ramasubramanian

TITLE
Chief Financial Officer
COMPENSATION
₹4M

S. Kalyanaraman

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹1M
AGE
56
TENURE
5.4 yrs

M. Sriram

TITLE
Senior Deputy General Manager of Accounts
TENURE
2.7 yrs

M. Parameswaran

TITLE
General Manager of Accounts & Information Systems

Mukund Raghavan

TITLE
President of Marketing & Business Development and Executive Director
AGE
53
TENURE
2.7 yrs

L. Srinivasan

TITLE
Senior Vice President of Marketing
Board of Directors Tenure

Average tenure and age of the India Motor Parts and Accessories board of directors in years:

4.9
Average Tenure
63
Average Age
  • The tenure for the India Motor Parts and Accessories board of directors is about average.
Board of Directors

S. Ram

TITLE
Non-Executive Chairman
COMPENSATION
₹86K
AGE
79
TENURE
4.5 yrs

N. Krishnan

TITLE
MD & Executive Director
COMPENSATION
₹16M
AGE
66

Mukund Raghavan

TITLE
President of Marketing & Business Development and Executive Director
AGE
53
TENURE
0.4 yrs

Sreenivasan Prasad

TITLE
Independent Non Executive Director
COMPENSATION
₹166K
AGE
71
TENURE
12.3 yrs

S. Venkatesan

TITLE
Independent Non-Executive Director
COMPENSATION
₹86K
AGE
70
TENURE
4.9 yrs

Ananth Ramanujam

TITLE
Non Executive Director
COMPENSATION
₹74K
AGE
54
TENURE
13.8 yrs

Rasesh Doshi

TITLE
Independent Non Executive Director
COMPENSATION
₹154K
AGE
56
TENURE
11 yrs

T. Durai

TITLE
Independent Non-Executive Director
COMPENSATION
₹86K
AGE
63
TENURE
4.9 yrs

Sriya Chari

TITLE
Independent Women Director
AGE
45
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess India Motor Parts and Accessories's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. India Motor Parts and Accessories has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

IMPAL News

Simply Wall St News

Should You Be Pleased About The CEO Pay At India Motor Parts and Accessories Limited's (NSE:IMPAL)

Our data indicates that India Motor Parts and Accessories Limited is worth ₹7.0b, and total annual CEO compensation is ₹16m. … India Motor Parts and Accessories Limited has served shareholders reasonably well, with a total return of 16% over three years. … We compared the total CEO remuneration paid by India Motor Parts and Accessories Limited, and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

Here's How We Evaluate India Motor Parts and Accessories Limited's (NSE:IMPAL) Dividend

Dividend paying stocks like India Motor Parts and Accessories Limited (NSE:IMPAL) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. … While India Motor Parts and Accessories's 1.8% dividend yield is not the highest, we think its lengthy payment history is quite interesting. … For the purpose of this article, we only scrutinise the last decade of India Motor Parts and Accessories's dividend payments.

Simply Wall St -

What Type Of Shareholder Owns India Motor Parts and Accessories Limited's (NSE:IMPAL)?

A look at the shareholders of India Motor Parts and Accessories Limited (NSE:IMPAL) can tell us which group is most powerful. … View our latest analysis for India Motor Parts and Accessories NSEI:IMPAL Ownership Summary, June 25th 2019 What Does The Institutional Ownership Tell Us About India Motor Parts and Accessories? … Insider Ownership Of India Motor Parts and Accessories While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Does India Motor Parts and Accessories Limited (NSE:IMPAL) Have A Good P/E Ratio?

The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for India Motor Parts and Accessories: P/E of 17.09 = ₹850.5 ÷ ₹49.77 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … NSEI:IMPAL Price Estimation Relative to Market, June 12th 2019 Its relatively low P/E ratio indicates that India Motor Parts and Accessories shareholders think it will struggle to do as well as other companies in its industry classification. … The Verdict On India Motor Parts and Accessories's P/E Ratio India Motor Parts and Accessories trades on a P/E ratio of 17.1, which is fairly close to the IN market average of 16.

Simply Wall St -

India Motor Parts and Accessories Limited (NSE:IMPAL) Has Attractive Fundamentals

For those interested in digger a bit deeper into my commentary, read the full report on India Motor Parts and Accessories here. … NSEI:IMPAL Income Statement, June 1st 2019 Next Steps: For India Motor Parts and Accessories, there are three fundamental factors you should further research: Future Outlook: What are well-informed industry analysts predicting for IMPAL’s future growth? … The intrinsic value infographic in our free research report helps visualize whether IMPAL is currently mispriced by the market.

Simply Wall St -

If You Had Bought India Motor Parts and Accessories (NSE:IMPAL) Stock Five Years Ago, You Could Pocket A 100% Gain Today

To wit, the India Motor Parts and Accessories share price has climbed 100% in five years, easily topping the market return of 58% (ignoring dividends). … Over half a decade, India Motor Parts and Accessories managed to grow its earnings per share at 2.9% a year. … This EPS growth is slower than the share price growth of 15% per year, over the same period.

Simply Wall St -

India Motor Parts and Accessories Limited (NSE:IMPAL) Is Employing Capital Very Effectively

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Should You Worry About India Motor Parts and Accessories Limited's (NSE:IMPAL) CEO Salary Level?

Krishnan has been the CEO of India Motor Parts and Accessories Limited (NSE:IMPAL) since 1999N … View our latest analysis for India Motor Parts and Accessories. … At the time of writing our data says that India Motor Parts and Accessories Limited has a market cap of ₹7.4b, and is paying total annual CEO compensation of ₹16m?

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand India Motor Parts and Accessories Limited (NSE:IMPAL)

To keep it practical, we'll show how India Motor Parts and Accessories Limited's (NSE:IMPAL) P/E ratio could help you assess the value on offer. … India Motor Parts and Accessories has a price to earnings ratio of 22.81, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Could The India Motor Parts and Accessories Limited (NSE:IMPAL) Ownership Structure Tell Us Something Useful?

A look at the shareholders of India Motor Parts and Accessories Limited (NSE:IMPAL) can tell us which group is most powerful. … India Motor Parts and Accessories is a smaller company with a market capitalization of ₹7.5b, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for India Motor Parts and Accessories

Simply Wall St -

IMPAL Company Info

Description

India Motor Parts and Accessories Limited, together with its subsidiary, distributes automobile spare parts and accessories in India. It primarily offers engine group components, brake systems, fasteners, radiators, suspensions, axles, auto electricals, wheels, steering linkages, instrument clusters, etc. The company was incorporated in 1954 and is based in Chennai, India.

Details
Name: India Motor Parts and Accessories Limited
IMPAL
Exchange: NSEI
Founded: 1954
₹6,955,580,678
8,319,575
Website: http://www.impal.net
Address: India Motor Parts and Accessories Limited
Sundaram Towers,
III Floor,
Chennai,
Tamil Nadu, 600014,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 590065 Equity Shares Mumbai Stock Exchange IN INR 02. Jan 2007
NSEI IMPAL Equity Shares National Stock Exchange of India IN INR 02. Jan 2007
Number of employees
Current staff
Staff numbers
0
India Motor Parts and Accessories employees.
Industry
Distributors
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 12:56
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2017/05/26
Last earnings filing: 2019/05/28
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.