NSEI:IMPAL

Stock Analysis Report

India Motor Parts and Accessories

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet with proven track record.

Risks

  • India Motor Parts and Accessories is not covered by any analysts.

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

0.006%

NSEI:IMPAL

-6.3%

IN Retail Distributors

0.4%

IN Market


1 Year Return

-14.3%

NSEI:IMPAL

-14.7%

IN Retail Distributors

-13.4%

IN Market

IMPAL matched the Retail Distributors industry (-15.1%) over the past year.

IMPAL underperformed the Market in India which returned -12.8% over the past year.


Share holder returns

IMPALIndustryMarket
7 Day0.006%-6.3%0.4%
30 Day-2.8%-11.4%-3.7%
90 Day-3.6%-10.5%-7.4%
1 Year-13.3%-14.3%-14.3%-14.7%-11.7%-13.4%
3 Year-0.9%-4.5%-34.9%-35.5%18.7%12.4%
5 Year36.4%27.2%-40.5%-40.9%37.5%24.5%

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?

15.97x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

India Motor Parts and Accessories's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

India Motor Parts and Accessories's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

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

India Motor Parts and Accessories is good value based on assets compared to the IN Retail Distributors industry average.


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?

-11.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if India Motor Parts and Accessories is high growth as no revenue estimate data is available.

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 compare India Motor Parts and Accessories's revenue growth to the India market average as no estimate data is available.

India Motor Parts and Accessories's earnings are expected to decrease over the next 1-3 years, this is below the India market average.

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%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if India Motor Parts and Accessories will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

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 (26.4% vs 6.7%)

India Motor Parts and Accessories's earnings growth has exceeded the IN Retail Distributors industry average in the past year (26.4% vs 10.3%).


Return on Equity

India Motor Parts and Accessories has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

India Motor Parts and Accessories used its assets more efficiently than the IN Retail Distributors industry average last year based on Return on Assets.


Return on Capital Employed

India Motor Parts and Accessories's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

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


Financial Position Analysis

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.


Debt to Equity History and Analysis

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 (7.4% vs 1.3% today).

Debt is well covered by operating cash flow (115.6%, 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.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 27.1x debt.


Next Steps

Dividend

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

1.94%

Current Dividend Yield


Upcoming Dividend Payment

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


Dividend Yield and Payments Analysis

India Motor Parts and Accessories's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.63%).

India Motor Parts and Accessories's dividend is below the markets top 25% of dividend payers in India (2.51%).

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

Dividends paid are well covered by earnings (2.9x 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.


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?

4.1yrs

Average management tenure


CEO

Narayanan Krishnan (66yo)

20.1yrs

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

Narayanan's remuneration is higher than average for companies of similar size in India.

Narayanan's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.1yrs

Average Tenure

57yo

Average Age

The tenure for the India Motor Parts and Accessories management team is about average.


Board Age and Tenure

5.0yrs

Average Tenure

63yo

Average Age

The tenure for the India Motor Parts and Accessories board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • S. Kalyanaraman (57yo)

    Compliance Officer & Company Secretary

    • Tenure: 5.5yrs
    • Compensation: ₹1.52m
  • Narayanan Krishnan (66yo)

    MD & Executive Director

    • Tenure: 20.1yrs
    • Compensation: ₹18.99m
  • L. Srinivasan

    Senior Vice President of Marketing

    • Tenure: 0.0yrs
  • S. Ramasubramanian

    Chief Financial Officer

    • Tenure: 0.0yrs
    • Compensation: ₹5.09m
  • M. Parameswaran

    General Manager of Accounts & Information Systems

    • Tenure: 0.0yrs
  • Mukund Raghavan (53yo)

    President of Marketing & Business Development and Executive Director

    • Tenure: 0.5yrs
    • Compensation: ₹1.34m
  • M. Sriram

    Senior Deputy General Manager of Accounts

    • Tenure: 2.8yrs

Board Members

  • Srinivasan Venkatesan (70yo)

    Independent Non-Executive Director

    • Tenure: 5.0yrs
    • Compensation: ₹160.00k
  • Sreenivasan Prasad (71yo)

    Independent Non Executive Director

    • Tenure: 12.3yrs
    • Compensation: ₹178.00k
  • Santhanam Ram (79yo)

    Non-Executive Chairman

    • Tenure: 4.6yrs
    • Compensation: ₹110.00k
  • Ananth Ramanujam (54yo)

    Non Executive Director

    • Tenure: 13.9yrs
    • Compensation: ₹74.00k
  • Narayanan Krishnan (66yo)

    MD & Executive Director

    • Tenure: 20.1yrs
    • Compensation: ₹18.99m
  • Rasesh Doshi (56yo)

    Independent Non Executive Director

    • Tenure: 11.1yrs
    • Compensation: ₹160.00k
  • Mukund Raghavan (53yo)

    President of Marketing & Business Development and Executive Director

    • Tenure: 0.5yrs
    • Compensation: ₹1.34m
  • Tandalam Narasimhachari Durai (63yo)

    Independent Non-Executive Director

    • Tenure: 5.0yrs
    • Compensation: ₹98.00k
  • Sriya Chari (45yo)

    Independent Women Director

    • Tenure: 0.5yrs
    • 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: ₹6.732b
  • 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, distributes automobile spare parts and accessories in India. It primarily offers engine group components, brake systems, fasteners,  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 12:47
End of Day Share Price2019/08/20 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.