India Motor Parts & Accessories Limited (IN:IMPAL)
:IMPAL
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India Motor Parts & Accessories Limited
(IMPAL)
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Rating:77Outperform
Price Target:
₹1,172.00
▲(12.34% Upside)
Action:Reiterated
Date:05/12/26
The score is driven primarily by strong financial resilience from a near debt-free balance sheet and generally solid profitability, tempered by recent operating-margin volatility and uneven cash conversion. Technicals are neutral-to-mildly constructive rather than strongly bullish, while valuation is supportive with a reasonable P/E and a ~2.9% dividend yield.
Positive Factors
Conservative balance sheet
A near-zero debt profile gives durable financial resilience and flexibility. It lowers refinancing and interest-rate risk, supports sustaining distribution operations through cycles, permits opportunistic inventory or network investment, and cushions cashflow volatility without needing external financing.
Negative Factors
Operating-margin volatility
Material swings in gross and EBITDA margins point to weaker pricing power or rising cost pressure in core distribution. Persistent margin erosion would compress free cash and limit the firm's ability to fund branch expansion, invest in logistics, or improve returns without structural margin restoration.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A near-zero debt profile gives durable financial resilience and flexibility. It lowers refinancing and interest-rate risk, supports sustaining distribution operations through cycles, permits opportunistic inventory or network investment, and cushions cashflow volatility without needing external financing.
Read all positive factors
India Motor Parts & Accessories Limited (IMPAL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹12.82B
Dividend Yield2.86%
Average Volume (3M)210.00
Price to Earnings (P/E)12.3
Beta (1Y)0.74
Revenue Growth6.12%
EPS Growth15.39%
CountryIN
Employees872
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)69.01
Shares Outstanding12,480,000
10 Day Avg. Volume238
30 Day Avg. Volume210
Financial Highlights & Ratios
PEG Ratio0.80
Price to Book (P/B)0.51
Price to Sales (P/S)1.42
P/FCF Ratio31.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
India Motor Parts & Accessories Limited Business Overview & Revenue Model
Company Description
India Motor Parts & Accessories Limited sells and distributes automobile spare parts and accessories in India. The company primarily offers oil seals; gaskets; hydraulic brake parts and brake fluid products; clutch cover assembly and clutch driven...
How the Company Makes Money
IMPAL primarily makes money by procuring automotive spare parts and accessories from OE/OES component manufacturers and selling them onward through its distribution network, earning a gross margin on the difference between purchase cost and sellin...
India Motor Parts & Accessories Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.96B | 8.37B | 7.89B | 7.41B | 7.26B | 6.46B |
| Gross Profit | 1.07B | 918.90M | 888.70M | 801.40M | 1.21B | 1.08B |
| EBITDA | 1.03B | 635.50M | 1.06B | 922.00M | 946.50M | 733.10M |
| Net Income | 861.40M | 965.50M | 836.70M | 739.20M | 751.40M | 607.50M |
Balance Sheet | ||||||
| Total Assets | 28.65B | 25.40B | 25.05B | 23.11B | 15.02B | 13.69B |
| Cash, Cash Equivalents and Short-Term Investments | 1.35B | 1.22B | 1.13B | 1.01B | 954.30M | 1.37B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 53.30M |
| Total Liabilities | 3.08B | 0.00 | 2.59B | 2.40B | 1.34B | 1.34B |
| Stockholders Equity | 25.57B | 23.08B | 22.46B | 20.70B | 13.68B | 12.34B |
Cash Flow | ||||||
| Free Cash Flow | 128.20M | 376.10M | 492.50M | 248.20M | 277.80M | -32.60M |
| Operating Cash Flow | 137.60M | 438.70M | 509.40M | 268.30M | 319.40M | -23.70M |
| Investing Cash Flow | 55.00M | -45.10M | -202.90M | 150.70M | 32.10M | -66.70M |
| Financing Cash Flow | -249.60M | -374.40M | -349.40M | -299.50M | -327.90M | -77.50M |
India Motor Parts & Accessories Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹12.82B | 12.30 | ― | 2.86% | 6.12% | 15.39% | |
68 Neutral | ₹49.32B | 16.40 | ― | 1.07% | 19.29% | 5.17% | |
64 Neutral | ₹15.62B | 13.09 | ― | 0.95% | -3.98% | 9.21% | |
62 Neutral | ₹14.22B | 42.91 | ― | 0.61% | -18.13% | 379.84% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | ₹24.38B | 15.94 | ― | 1.07% | 56.14% | 600.44% |
* Consumer Cyclical Sector Average
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India Motor Parts & Accessories Limited Corporate Events
India Motor Parts & Accessories lifts FY26 payout on higher income and profit
May 9, 2026
India Motor Parts Accessories Limited reported audited standalone financial results for the quarter and year ended 31 March 2026, showing total income from operations of ₹210.72 crore for the quarter and ₹837.11 crore for the year, up...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.