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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of India Motor Parts & Accessories Ltd

About the Company - India Motor Parts & Accessories Ltd

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.
INDUSTRYADDRESSCONTACT
Trading & DistributorsSundaram Towers, III Floor, # 46, Whites Road, Chennai (Madras) Tamil Nadu 600014secy@impal.net
http://www.impal.net
Management
NamePosition Held
Mr. S RamChairman
Mr. N KrishnanManaging Director
Mr. Mukund S RaghavanDeputy Managing Director
Mr. Ananth RamanujamDirector
Mr. S PrasadDirector
Mr. Rasesh R DoshiDirector
Mr. S VenkatesanDirector
Mr. T N P DuraiDirector
Ms. Sriya ChariDirector
Mr. Srivats RamDirector

Basic Stock Data of India Motor Parts & Accessories Ltd

Last Updated: June 15, 2024, 10:09 pm

Market Cap 1,324 Cr.
Current Price 1,061
High / Low1,210/644
Stock P/E18.3
Book Value 1,654
Dividend Yield2.26 %
ROCE5.20 %
ROE4.23 %
Face Value 10.0
PEG Ratio1.90

India Motor Parts & Accessories Ltd Quarterly Results

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales161116163177172184171186166190177182
Expenses141107149162152168158171148176164169
Operating Profit19814152016141518151313
OPM %12%7%9%8%11%9%8%8%11%8%8%7%
Other Income635261113146127
Interest000000000000
Depreciation000000000000
Profit before tax251119162517251833212519
Tax %26%10%21%27%20%14%18%27%20%15%17%23%
Net Profit191015122014201326182115
EPS in Rs14.947.8011.889.6116.2411.4616.1610.5620.8514.0616.6111.94

Last Updated: May 7, 2024, 9:10 am

India Motor Parts & Accessories Ltd Quarterly Chart

India Motor Parts & Accessories Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales501495512512502519476512519518628708720
Expenses460459474477471484440469484474571645659
Operating Profit42363735313535423544576261
OPM %8%7%7%7%6%7%7%8%7%9%9%9%8%
Other Income566107119162622153036
Interest0000000000000
Depreciation1111111111111
Profit before tax46424344384644576065719296
Tax %29%34%31%29%29%30%29%29%19%23%20%20%
Net Profit32273031273231404950577477
EPS in Rs26.0121.7623.6424.8021.3725.7224.8632.3339.1840.2945.5259.0362.08
Dividend Payout %25%28%25%38%28%28%29%37%26%25%29%41%

India Motor Parts & Accessories Ltd Profit & Loss Yearly Chart

India Motor Parts & Accessories Ltd Growth

Compounded Sales Growth
10 Years:4%
5 Years:7%
3 Years:12%
TTM:2%
Compounded Profit Growth
10 Years:10%
5 Years:16%
3 Years:22%
TTM:14%
Stock Price CAGR
10 Years:12%
5 Years:13%
3 Years:15%
1 Year:39%
Return on Equity
10 Years:4%
5 Years:4%
3 Years:4%
Last Year:4%

Last Updated: June 16, 2024, 3:21 pm

India Motor Parts & Accessories Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital488888881212121212
Reserves1531681892062237398701,0029231,4201,2101,3511,719
Borrowings1627151613121914140500
Other Liabilities41334046465854107102188126132191
Total Liabilities2152362522762918189521,1301,0511,6211,3541,4961,923
Fixed Assets109911111413151514141717
CWIP0000000000000
Investments536175941146737949648601,4091,1621,2881,673
Other Assets152166168171165131145152177197178192234
Total Assets2152362522762918189521,1301,0511,6211,3541,4961,923

India Motor Parts & Accessories Ltd Reserves and Borrowings Chart

India Motor Parts & Accessories Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2222222032231315290-331
Cash from Investing Activity 7-2-9-12-14-57-5-540-71-64
Cash from Financing Activity 7-4-15-11-21-51-17-33-14-7-33
Net Cash Flow3615-2-3-3-408-695-172

India Motor Parts & Accessories Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days384039374041505254535246
Inventory Days383738404037464751424850
Days Payable241919223034373728624235
Cash Conversion Cycle525858555143606277345760
Working Capital Days465147484745576077365455
ROCE %29%22%20%19%16%7%5%5%5%4%5%6%

India Motor Parts & Accessories Ltd Financial Efficiency Indicators Chart

India Motor Parts & Accessories Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters30.72%30.72%30.72%30.72%30.72%30.71%30.71%30.71%30.71%30.71%30.71%30.71%
FIIs0.00%0.00%0.00%0.00%0.00%7.53%7.59%7.86%7.96%7.96%7.96%8.04%
DIIs10.00%10.00%10.00%10.00%10.00%2.49%2.49%2.49%2.49%2.49%2.49%2.49%
Public59.28%59.28%59.28%59.28%59.28%59.26%59.20%58.93%58.83%58.83%58.83%58.75%
No. of Shareholders9,0279,4518,9848,7338,6068,7218,5648,5958,8629,2009,8459,703

India Motor Parts & Accessories Ltd Shareholding Pattern Chart

No. of India Motor Parts & Accessories Ltd Shareholders

This stock is not held by any mutual fund

India Motor Parts & Accessories Ltd ROCE Trend

India Motor Parts & Accessories Ltd EPS Trend

India Motor Parts & Accessories Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)60.2148.6842.4439.7649.77
Diluted EPS (Rs.)60.2148.6842.4439.7649.77
Cash EPS (Rs.)60.9546.7141.7340.5950.74
Book Value[Excl.RevalReserv]/Share (Rs.)1096.25989.471155.25752.461217.57
Book Value[Incl.RevalReserv]/Share (Rs.)1096.25989.471155.25752.461217.57
Revenue From Operations / Share (Rs.)581.67517.70425.90426.64630.05
PBDIT / Share (Rs.)75.8458.7454.1849.7371.17
PBIT / Share (Rs.)75.1058.0953.4748.8770.00
PBT / Share (Rs.)75.1058.0353.4548.8770.00
Net Profit / Share (Rs.)60.2146.0641.0239.7349.56
NP After MI And SOA / Share (Rs.)60.2148.6842.3839.6949.66
PBDIT Margin (%)13.0311.3412.7211.6511.29
PBIT Margin (%)12.9111.2212.5511.4511.10
PBT Margin (%)12.9111.2012.5411.4511.10
Net Profit Margin (%)10.358.899.639.317.86
NP After MI And SOA Margin (%)10.359.409.959.307.88
Return on Networth / Equity (%)5.494.923.675.274.08
Return on Capital Employeed (%)6.545.624.306.105.44
Return On Assets (%)5.004.433.244.683.64
Total Debt / Equity (X)0.000.000.000.010.01
Asset Turnover Ratio (%)0.500.420.380.470.49
Current Ratio (X)3.953.844.666.085.68
Quick Ratio (X)2.782.974.054.984.81
Dividend Payout Ratio (NP) (%)36.5420.540.0055.4222.14
Dividend Payout Ratio (CP) (%)36.1020.270.0054.2521.63
Earning Retention Ratio (%)63.4679.460.0044.5877.86
Cash Earning Retention Ratio (%)63.9079.730.0045.7578.37
Interest Coverage Ratio (X)9465.00916.382254.000.000.00
Interest Coverage Ratio (Post Tax) (X)7515.00719.631707.330.000.00
Enterprise Value (Cr.)725.89930.46786.56611.87757.67
EV / Net Operating Revenue (X)0.991.441.481.151.45
EV / EBITDA (X)7.6712.6911.639.8612.80
MarketCap / Net Operating Revenue (X)1.021.451.611.171.45
Retention Ratios (%)63.4579.450.0044.5777.85
Price / BV (X)0.540.760.590.660.75
Price / Net Operating Revenue (X)1.021.451.611.171.45
EarningsYield0.100.060.060.070.05

India Motor Parts & Accessories Ltd Profitability Ratios (%)

India Motor Parts & Accessories Ltd Liquidity Ratios

India Motor Parts & Accessories Ltd Liquidity Ratios (%)

India Motor Parts & Accessories Ltd Interest Coverage Ratios (%)

India Motor Parts & Accessories Ltd Valuation Ratios

Fair Value

Fair Value: 1,309.28

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: 23.40% compared to the current price 1061

Intrinsic Value: 1,435.52

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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 35.30% compared to the current price ₹1061

Last 5 Year EPS CAGR: 9.64%

*Investments are subject to market risks

Strength and Weakness of India Motor Parts & Accessories Ltd Stock

StrengthWeakness
  1. The company has higher reserves (782.54 cr) compared to borrowings (11.62 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (547.85 cr) and profit (57.23 cr) over the years.
  1. The stock has a low average ROCE of 11.92%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 51.92, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 55.58, which may not be favorable.

FAQ

What is the latest fair value of India Motor Parts & Accessories Ltd?

The latest fair value of India Motor Parts & Accessories Ltd is ₹1309.28.

What is the Market Cap of India Motor Parts & Accessories Ltd?

The Market Cap of India Motor Parts & Accessories Ltd is 1,324 Cr..

What is the current Stock Price of India Motor Parts & Accessories Ltd as on 23 June 2024?

The current stock price of India Motor Parts & Accessories Ltd as on 23 June 2024 is ₹1,061.

What is the High / Low of India Motor Parts & Accessories Ltd stocks in FY 2024?

In FY 2024, the High / Low of India Motor Parts & Accessories Ltd stocks is 1,210/644.

What is the Stock P/E of India Motor Parts & Accessories Ltd?

The Stock P/E of India Motor Parts & Accessories Ltd is 18.3.

What is the Book Value of India Motor Parts & Accessories Ltd?

The Book Value of India Motor Parts & Accessories Ltd is 1,654.

What is the Dividend Yield of India Motor Parts & Accessories Ltd?

The Dividend Yield of India Motor Parts & Accessories Ltd is 2.26 %.

What is the ROCE of India Motor Parts & Accessories Ltd?

The ROCE of India Motor Parts & Accessories Ltd is 5.20 %.

What is the ROE of India Motor Parts & Accessories Ltd?

The ROE of India Motor Parts & Accessories Ltd is 4.23 %.

What is the Face Value of India Motor Parts & Accessories Ltd?

The Face Value of India Motor Parts & Accessories Ltd is 10.0.

About the Author

Author Avatar
Getaka

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