Stock P/E, Current Price, and Intrinsic Value Over Time
Competitors of India Motor Parts & Accessories Ltd
Stock Name
Market Cap
Current Price
High / Low
Stock P/E
Book Value
Dividend Yield
ROCE
ROE
Face Value
Industry Average
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Quarterly Result
Month
Mar 2021
Jun 2021
Sep 2021
Dec 2021
Mar 2022
Jun 2022
Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Dec 2023
Sales
161
116
163
177
172
184
171
186
166
190
177
182
Expenses
141
107
149
162
152
168
158
171
148
176
164
169
Operating Profit
19
8
14
15
20
16
14
15
18
15
13
13
OPM %
12%
7%
9%
8%
11%
9%
8%
8%
11%
8%
8%
7%
Other Income
6
3
5
2
6
1
11
3
14
6
12
7
Interest
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
Profit before tax
25
11
19
16
25
17
25
18
33
21
25
19
Tax %
26%
10%
21%
27%
20%
14%
18%
27%
20%
15%
17%
23%
Net Profit
19
10
15
12
20
14
20
13
26
18
21
15
EPS in Rs
14.94
7.80
11.88
9.61
16.24
11.46
16.16
10.56
20.85
14.06
16.61
11.94
Last Updated: August 9, 2024, 6:45 pm
Quarterly Chart
Profit & Loss - Annual Report
Last Updated: August 9, 2024, 6:45 pm
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
TTM
Sales
501
495
512
512
502
519
476
512
519
518
628
708
720
Expenses
460
459
474
477
471
484
440
469
484
474
571
645
659
Operating Profit
42
36
37
35
31
35
35
42
35
44
57
62
61
OPM %
8%
7%
7%
7%
6%
7%
7%
8%
7%
9%
9%
9%
8%
Other Income
5
6
6
10
7
11
9
16
26
22
15
30
36
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
1
1
1
1
1
1
1
1
1
1
1
1
1
Profit before tax
46
42
43
44
38
46
44
57
60
65
71
92
96
Tax %
29%
34%
31%
29%
29%
30%
29%
29%
19%
23%
20%
20%
Net Profit
32
27
30
31
27
32
31
40
49
50
57
74
77
EPS in Rs
26.01
21.76
23.64
24.80
21.37
25.72
24.86
32.33
39.18
40.29
45.52
59.03
62.08
Dividend Payout %
25%
28%
25%
38%
28%
28%
29%
37%
26%
25%
29%
41%
Profit & Loss Yearly Chart
YoY Net Profit Growth
Year
2012-2013
2013-2014
2014-2015
2015-2016
2016-2017
2017-2018
2018-2019
2019-2020
2020-2021
2021-2022
2022-2023
YoY Net Profit Growth (%)
-15.62%
11.11%
3.33%
-12.90%
18.52%
-3.12%
29.03%
22.50%
2.04%
14.00%
29.82%
Change in YoY Net Profit Growth (%)
0.00%
26.74%
-7.78%
-16.24%
31.42%
-21.64%
32.16%
-6.53%
-20.46%
11.96%
15.82%
Growth
Compounded Sales Growth
10 Years:
4%
5 Years:
7%
3 Years:
12%
TTM:
2%
Compounded Profit Growth
10 Years:
8%
5 Years:
12%
3 Years:
16%
TTM:
-2%
Stock Price CAGR
10 Years:
12%
5 Years:
19%
3 Years:
20%
1 Year:
63%
Return on Equity
10 Years:
4%
5 Years:
4%
3 Years:
4%
Last Year:
4%
Last Updated: August 30, 2024, 6:07 pm
Balance Sheet
Last Updated: August 9, 2024, 6:45 pm
Month
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Equity Capital
8
8
8
8
8
8
8
12
12
12
12
12
Reserves
168
189
206
223
739
870
1,002
923
1,420
1,210
1,351
2,052
Borrowings
27
15
16
13
12
19
14
14
0
5
0
0
Other Liabilities
33
40
46
46
58
54
107
102
188
126
132
239
Total Liabilities
236
252
276
291
818
952
1,130
1,051
1,621
1,354
1,496
2,303
Fixed Assets
9
9
11
11
14
13
15
15
14
14
17
17
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
61
75
94
114
673
794
964
860
1,409
1,162
1,288
2,066
Other Assets
166
168
171
165
131
145
152
177
197
178
192
220
Total Assets
236
252
276
291
818
952
1,130
1,051
1,621
1,354
1,496
2,303
Reserves and Borrowings Chart
Cash Flow
Month
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Cash from Operating ActivityÂ
22
22
20
32
23
13
15
2
90
-3
31
26
Cash from Investing ActivityÂ
-2
-9
-12
-14
-57
-5
-5
40
-71
-6
4
13
Cash from Financing ActivityÂ
-4
-15
-11
-21
-5
1
-17
-33
-14
-7
-33
-30
Net Cash Flow
15
-2
-3
-3
-40
8
-6
9
5
-17
2
9
Free Cash Flow
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Free Cash Flow
42.00
9.00
22.00
19.00
18.00
23.00
16.00
28.00
21.00
44.00
52.00
62.00
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Free Cash Flow Chart
Financial Efficiency Indicators
Month
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Debtor Days
40
39
37
40
41
50
52
54
53
52
46
48
Inventory Days
37
38
40
40
37
46
47
51
42
48
50
46
Days Payable
19
19
22
30
34
37
37
28
62
42
35
36
Cash Conversion Cycle
58
58
55
51
43
60
62
77
34
57
60
58
Working Capital Days
51
47
48
47
45
57
60
77
36
54
55
54
ROCE %
22%
20%
19%
16%
7%
5%
5%
5%
4%
5%
6%
4%
Financial Efficiency Indicators Chart
Share Holding Pattern
Month
Sep 2021
Dec 2021
Mar 2022
Jun 2022
Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Promoters
30.72%
30.72%
30.72%
30.72%
30.71%
30.71%
30.71%
30.71%
30.71%
30.71%
30.71%
30.71%
FIIs
0.00%
0.00%
0.00%
0.00%
7.53%
7.59%
7.86%
7.96%
7.96%
7.96%
8.04%
8.08%
DIIs
10.00%
10.00%
10.00%
10.00%
2.49%
2.49%
2.49%
2.49%
2.49%
2.49%
2.49%
2.49%
Public
59.28%
59.28%
59.28%
59.28%
59.26%
59.20%
58.93%
58.83%
58.83%
58.83%
58.75%
58.71%
No. of Shareholders
9,451
8,984
8,733
8,606
8,721
8,564
8,595
8,862
9,200
9,845
9,703
9,937
Shareholding Pattern Chart
No. of Shareholders
This stock is not held by any mutual fund
ROCE Trend
EPS Trend
Key Financial Ratios
Month
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
FaceValue
10.00
10.00
10.00
10.00
10.00
Basic EPS (Rs.)
59.23
60.21
48.68
42.44
39.76
Diluted EPS (Rs.)
59.23
60.21
48.68
42.44
39.76
Cash EPS (Rs.)
60.18
60.95
46.71
41.73
40.59
Book Value[Excl.RevalReserv]/Share (Rs.)
1658.79
1096.25
989.47
1155.25
752.46
Book Value[Incl.RevalReserv]/Share (Rs.)
1658.79
1096.25
989.47
1155.25
752.46
Revenue From Operations / Share (Rs.)
593.88
581.67
517.70
425.90
426.64
PBDIT / Share (Rs.)
73.89
75.84
58.74
54.18
49.73
PBIT / Share (Rs.)
72.95
75.10
58.09
53.47
48.87
PBT / Share (Rs.)
72.93
75.10
58.03
53.45
48.87
Net Profit / Share (Rs.)
59.23
60.21
46.06
41.02
39.73
NP After MI And SOA / Share (Rs.)
59.23
60.21
48.68
42.38
39.69
PBDIT Margin (%)
12.44
13.03
11.34
12.72
11.65
PBIT Margin (%)
12.28
12.91
11.22
12.55
11.45
PBT Margin (%)
12.28
12.91
11.20
12.54
11.45
Net Profit Margin (%)
9.97
10.35
8.89
9.63
9.31
NP After MI And SOA Margin (%)
9.97
10.35
9.40
9.95
9.30
Return on Networth / Equity (%)
3.57
5.49
4.92
3.67
5.27
Return on Capital Employeed (%)
4.06
6.54
5.62
4.30
6.10
Return On Assets (%)
3.19
5.00
4.43
3.24
4.68
Total Debt / Equity (X)
0.00
0.00
0.00
0.00
0.01
Asset Turnover Ratio (%)
0.38
0.50
0.42
0.38
0.47
Current Ratio (X)
3.81
3.95
3.84
4.66
6.08
Quick Ratio (X)
2.75
2.78
2.97
4.05
4.98
Dividend Payout Ratio (NP) (%)
0.00
36.54
20.54
0.00
55.42
Dividend Payout Ratio (CP) (%)
0.00
36.10
20.27
0.00
54.25
Earning Retention Ratio (%)
0.00
63.46
79.46
0.00
44.58
Cash Earning Retention Ratio (%)
0.00
63.90
79.73
0.00
45.75
Interest Coverage Ratio (X)
4611.00
9465.00
916.38
2254.00
0.00
Interest Coverage Ratio (Post Tax) (X)
3697.00
7515.00
719.63
1707.33
0.00
Enterprise Value (Cr.)
1156.82
725.89
930.46
786.56
611.87
EV / Net Operating Revenue (X)
1.56
0.99
1.44
1.48
1.15
EV / EBITDA (X)
12.54
7.67
12.69
11.63
9.86
MarketCap / Net Operating Revenue (X)
1.62
1.02
1.45
1.61
1.17
Retention Ratios (%)
0.00
63.45
79.45
0.00
44.57
Price / BV (X)
0.57
0.54
0.76
0.59
0.66
Price / Net Operating Revenue (X)
1.62
1.02
1.45
1.61
1.17
EarningsYield
0.06
0.10
0.06
0.06
0.07
Profitability Ratios (%)
Liquidity Ratios
Liquidity Ratios (%)
Interest Coverage Ratios (%)
Valuation Ratios
Fair Value
Fair Value: ₹1,473.88
Calculation basis:
Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.
Undervalued: 2.00% compared to the current price ₹1,445.00
Intrinsic Value: 1,615.99
Calculation basis:
Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.
This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.
Undervalued: 11.83% compared to the current price ₹1,445.00
Last 5 Year EPS CAGR: 9.64%
*Investments are subject to market risks
Strength and Weakness
Strength
Weakness
The company has higher reserves (862.75 cr) compared to borrowings (11.25 cr), indicating strong financial stability.
The company has shown consistent growth in sales (547.85 cr) and profit (57.23 cr) over the years.
The stock has a low average ROCE of 9.83%, which may not be favorable.
The stock has a high average Working Capital Days of 52.58, which may not be favorable.
The stock has a high average Cash Conversion Cycle of 56.08, which may not be favorable.
Stock Analysis
Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in India Motor Parts & Accessories Ltd:
Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
ROE%: 3.57% (Industry Average ROE: 0%)
ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
Stock P/E: 23.9 (Industry average Stock P/E: 0)
Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
Total Debt / Equity: 0
Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions. Stock Rating:
About the Company - Qualitative Analysis
India Motor Parts & Accessories Ltd. is a Public Limited Listed company incorporated on 12/07/1954 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L65991TN1954PLC000958 and registration number is 000958. Currently Company is involved in the business activities of Sale of motor vehicle parts and accessories. Company’s Total Operating Revenue is Rs. 627.80 Cr. and Equity Capital is Rs. 12.48 Cr. for the Year ended 31/03/2022.
INDUSTRY
ADDRESS
CONTACT
Trading & Distributors
Sundaram Towers, III Floor, # 46, Whites Road, Chennai (Madras) Tamil Nadu 600014
Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in India Motor Parts & Accessories Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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