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India Motor Parts & Accessories Limited
(IMPAL)
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Rating:75Outperform
Price Target:
₹1,230.00
▲(17.90% Upside)
Action:Reiterated
Date:08/22/26
The score is driven primarily by strong financial stability from a near debt-free balance sheet and generally solid profitability, tempered by volatility in operating margins and cash conversion. Valuation is supportive with a moderate P/E and ~3% dividend yield. Technicals are neutral overall, with mild negative momentum but longer-term moving-average support.
Positive Factors
Near-debt-free balance sheet
A conservative balance sheet reduces interest burden and refinancing risk, preserving flexibility for inventory, branch operations, dividends, or future growth. This strengthens resilience if aftermarket demand or supplier conditions weaken.
Negative Factors
Volatile operating margins
Margin volatility suggests exposure to procurement costs, logistics expenses, or competitive pricing pressure. A sustained decline would limit operating leverage and could prevent revenue growth from translating proportionally into earnings and cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Near-debt-free balance sheet
A conservative balance sheet reduces interest burden and refinancing risk, preserving flexibility for inventory, branch operations, dividends, or future growth. This strengthens resilience if aftermarket demand or supplier conditions weaken.
Read all positive factors
India Motor Parts & Accessories Limited (IMPAL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹14.02B
Dividend Yield2.93%
Average Volume (3M)182.00
Price to Earnings (P/E)14.4
Beta (1Y)0.73
Revenue Growth11.06%
EPS Growth17.54%
CountryIN
Employees906
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)78.40
Shares Outstanding12,480,000
10 Day Avg. Volume115
30 Day Avg. Volume182
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 acting as a distributor of automotive spare parts and accessories, earning revenue from the sale of these products to trade customers through its branch and dealer/retailer network. Its core revenue stream is trading...
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 | 8.75B | 8.37B | 7.89B | 7.41B | 7.26B | 6.46B |
| Gross Profit | 975.70M | 918.90M | 888.70M | 801.40M | 1.21B | 1.08B |
| EBITDA | 1.00B | 635.50M | 1.06B | 922.00M | 946.50M | 733.10M |
| Net Income | 978.40M | 965.50M | 836.70M | 739.20M | 751.40M | 607.50M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 25.40B | 25.05B | 23.11B | 15.02B | 13.69B |
| Cash, Cash Equivalents and Short-Term Investments | 1.19B | 1.19B | 1.13B | 1.01B | 954.30M | 1.37B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 53.30M |
| Total Liabilities | -23.08B | 2.31B | 2.59B | 2.40B | 1.34B | 1.34B |
| Stockholders Equity | 23.08B | 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹14.02B | 14.38 | ― | 2.93% | 11.06% | 17.54% | |
74 Outperform | ₹23.72B | 17.99 | ― | 0.54% | 8.11% | 29.23% | |
69 Neutral | ₹18.56B | 37.33 | ― | 0.10% | 28.21% | 65.76% | |
65 Neutral | ₹54.23B | 16.92 | ― | 1.29% | 20.77% | 4.95% | |
56 Neutral | ₹11.79B | 28.86 | ― | 0.81% | -4.88% | -33.32% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹35.82B | 30.08 | ― | 1.24% | 42.06% | 323.98% |
* General Sector Average
IN:IMPAL
India Motor Parts & Accessories Limited
1,123.35
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11.97%
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India Motor Parts & Accessories Limited Corporate Events
IMPAL sets July 21 virtual AGM, proposes Rs 33 dividend for FY 2025-26
Jun 27, 2026
India Motor Parts Accessories Limited has scheduled its 72nd Annual General Meeting for July 21, 2026, to be conducted via video conferencing and other audio-visual means, with the AGM notice and annual report for FY 2025-26 distributed electroni...
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.