India Motor Parts & Accessories Limited (IN:IMPAL)
:IMPAL
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India Motor Parts & Accessories Limited
(IMPAL)
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Rating:81Outperform
Price Target:
₹1,293.00
▲(23.94% Upside)
Action:Reiterated
Date:05/22/26
The score is driven primarily by strong financial resilience (near debt-free balance sheet) despite some recent margin pressure and cash-flow volatility. Technicals are supportive with a clear uptrend and positive momentum, while valuation remains reasonable with an added dividend yield cushion.
Positive Factors
Balance Sheet Strength
A near debt-free balance sheet provides durable financial flexibility: it lowers interest burden, supports working-capital funding for inventory and branch expansion, and allows the company to withstand cyclical downturns or pursue opportunistic investments without stressing liquidity.
Negative Factors
Margin Erosion
Sustained pressure on gross and EBITDA margins signals weaker pricing power or rising input and logistics costs. If structural, margin erosion compresses operating cash flow and return on capital; reversing it requires better procurement, price management, or a shift to higher-margin SKUs to protect long-term profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
A near debt-free balance sheet provides durable financial flexibility: it lowers interest burden, supports working-capital funding for inventory and branch expansion, and allows the company to withstand cyclical downturns or pursue opportunistic investments without stressing liquidity.
Read all positive factors
India Motor Parts & Accessories Limited (IMPAL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹13.59B
Dividend Yield2.86%
Average Volume (3M)210.00
Price to Earnings (P/E)14.1
Beta (1Y)0.81
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 (IMPAL) operates as a prominent Indian distributor, providing a comprehensive range of automotive spare parts and accessories across the country. Its extensive inventory primarily covers vital engine and pow...
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 | 2.31B | 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 |
|---|---|---|---|---|---|---|---|
81 Outperform | ₹13.59B | 14.06 | ― | 2.86% | 6.12% | 15.39% | |
68 Neutral | ₹49.48B | 15.35 | ― | 1.07% | 19.29% | 5.17% | |
65 Neutral | ₹15.54B | 30.92 | ― | ― | 18.04% | 87.68% | |
64 Neutral | ₹16.44B | 14.40 | ― | 0.95% | -3.98% | 9.20% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | ₹27.09B | 25.17 | ― | 1.07% | 56.14% | 600.44% | |
60 Neutral | ₹14.11B | 27.74 | ― | 0.61% | -10.69% | -5.27% |
* 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.