WEBSITE BSE:590065 NSE : INDIA MOTOR 18 May, 12:50
Market Cap ₹1279 Cr.
Stock P/E 17.3
P/B 0.6
Current Price ₹1024.6
Book Value ₹ 1658.8
Face Value 10
52W High ₹1210
Dividend Yield 2.64%
52W Low ₹ 644
India Motor Parts & Accessories Ltd is engaged within the commercial enterprise of sale and distribution of automotive spare elements. The Company is a distributor of motor elements and offers in engine institution components, brake systems, fasteners, radiators, suspensions, axles, vehicle electricals, wheels, steering linkages and tool clusters, amongst others. The Company's merchandise include oil seals for diverse applications; gaskets for automotive, business and tractor applications; hydraulic brake components and brake fluid; clutch cover meeting and clutch driven plate; vehicle fuel system components; fuel injection elements; crown wheel pinion, differential gears, transmission gears; fan belts and oil seals; radiators; brake drums for various applications; clutch plates and cover assemblies; rod ends and guidance joints, and valves and valve guides, among others. It has a network of approximately 50 branches representing over 50 producers. The Company caters to over 35,000 sellers in the country.
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| #(Fig in Cr.) | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 183 | 177 | 189 | 176 | 191 | 170 | 195 | 182 | 186 | 179 |
| Other Income | 2 | 6 | 1 | 11 | 4 | 15 | 7 | 12 | 7 | 10 |
| Total Income | 185 | 183 | 190 | 187 | 194 | 184 | 201 | 194 | 193 | 189 |
| Total Expenditure | 168 | 157 | 173 | 162 | 176 | 151 | 180 | 168 | 173 | 164 |
| Operating Profit | 17 | 26 | 17 | 25 | 19 | 34 | 21 | 26 | 20 | 25 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 17 | 26 | 17 | 25 | 18 | 33 | 21 | 25 | 20 | 25 |
| Provision for Tax | 5 | 5 | 2 | 5 | 5 | 7 | 3 | 4 | 5 | 5 |
| Profit After Tax | 12 | 21 | 15 | 21 | 13 | 27 | 18 | 21 | 15 | 20 |
| Adjustments | 1 | 2 | 1 | 1 | -1 | -1 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 13 | 22 | 16 | 21 | 13 | 25 | 18 | 21 | 15 | 20 |
| Adjusted Earnings Per Share | 10.6 | 17.8 | 12.4 | 17.1 | 10.2 | 20.4 | 14.3 | 16.9 | 12.2 | 15.9 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 502 | 519 | 479 | 524 | 532 | 532 | 646 | 726 | 742 |
| Other Income | 7 | 11 | 9 | 16 | 26 | 22 | 15 | 31 | 36 |
| Total Income | 509 | 530 | 488 | 540 | 559 | 554 | 661 | 756 | 777 |
| Total Expenditure | 471 | 484 | 444 | 481 | 497 | 486 | 588 | 662 | 685 |
| Operating Profit | 39 | 47 | 45 | 59 | 62 | 68 | 73 | 95 | 92 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 38 | 46 | 44 | 58 | 61 | 67 | 76 | 94 | 91 |
| Provision for Tax | 11 | 14 | 13 | 17 | 11 | 16 | 15 | 19 | 17 |
| Profit After Tax | 27 | 32 | 31 | 41 | 50 | 51 | 61 | 75 | 74 |
| Adjustments | 0 | 0 | 0 | 0 | -0 | 2 | -0 | 0 | 0 |
| Profit After Adjustments | 27 | 32 | 31 | 41 | 50 | 53 | 61 | 75 | 74 |
| Adjusted Earnings Per Share | 21.4 | 25.8 | 25.1 | 33.1 | 39.7 | 42.4 | 48.7 | 60.2 | 59.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 12% | 11% | 9% | 0% |
| Operating Profit CAGR | 30% | 15% | 16% | 0% |
| PAT CAGR | 23% | 14% | 19% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 38% | 14% | 13% | 13% |
| ROE Average | 6% | 5% | 5% | 6% |
| ROCE Average | 7% | 6% | 6% | 8% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 233 | 749 | 880 | 1012 | 938 | 1441 | 1234 | 1368 |
| Minority's Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1 | 7 | 7 | 57 | 60 | 107 | 54 | 64 |
| Total Current Liabilities | 58 | 63 | 68 | 65 | 57 | 83 | 80 | 70 |
| Total Liabilities | 292 | 819 | 955 | 1135 | 1057 | 1631 | 1369 | 1502 |
| Fixed Assets | 11 | 14 | 16 | 17 | 17 | 17 | 17 | 19 |
| Other Non-Current Assets | 56 | 547 | 684 | 751 | 692 | 1228 | 1044 | 1206 |
| Total Current Assets | 225 | 258 | 255 | 367 | 348 | 387 | 307 | 276 |
| Total Assets | 292 | 819 | 955 | 1135 | 1057 | 1631 | 1369 | 1502 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 58 | 42 | 13 | 22 | 16 | 25 | 29 | 13 |
| Cash Flow from Operating Activities | 32 | 23 | 11 | 16 | 3 | 91 | -2 | 32 |
| Cash Flow from Investing Activities | -14 | -57 | -4 | -5 | 40 | -73 | -7 | 3 |
| Cash Flow from Financing Activities | -21 | -5 | 2 | -17 | -33 | -14 | -8 | -33 |
| Net Cash Inflow / Outflow | -3 | -40 | 9 | -6 | 9 | 5 | -17 | 2 |
| Closing Cash & Cash Equivalent | 56 | 2 | 22 | 16 | 25 | 29 | 13 | 15 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 21.42 | 25.82 | 25.13 | 33.11 | 39.7 | 42.38 | 48.68 | 60.21 |
| CEPS(Rs) | 21.92 | 26.35 | 25.65 | 33.83 | 40.58 | 41.73 | 49.42 | 60.95 |
| DPS(Rs) | 9 | 11 | 11 | 18 | 10 | 10 | 13 | 24 |
| Book NAV/Share(Rs) | 186.48 | 599.93 | 705.31 | 811.23 | 751.92 | 1154.63 | 988.81 | 1096.25 |
| Core EBITDA Margin(%) | 6.21 | 6.79 | 7.38 | 8.34 | 6.72 | 8.54 | 9.06 | 8.83 |
| EBIT Margin(%) | 7.53 | 8.83 | 9.13 | 11.13 | 11.48 | 12.59 | 11.76 | 12.91 |
| Pre Tax Margin(%) | 7.53 | 8.83 | 9.13 | 11.11 | 11.45 | 12.55 | 11.73 | 12.91 |
| PAT Margin (%) | 5.3 | 6.18 | 6.49 | 7.87 | 9.31 | 9.63 | 9.42 | 10.35 |
| Cash Profit Margin (%) | 5.45 | 6.34 | 6.68 | 8.05 | 9.51 | 9.8 | 9.55 | 10.48 |
| ROA(%) | 9.12 | 5.77 | 3.51 | 3.95 | 4.52 | 3.81 | 4.06 | 5.24 |
| ROE(%) | 11.43 | 6.54 | 3.82 | 4.36 | 5.08 | 4.3 | 4.55 | 5.78 |
| ROCE(%) | 15.34 | 9.1 | 5.27 | 6.06 | 6.18 | 5.59 | 5.67 | 7.19 |
| Receivable days | 40.47 | 39.96 | 47.72 | 49.46 | 52.74 | 53.62 | 47.56 | 45.76 |
| Inventory Days | 35.39 | 32.98 | 37.18 | 37.91 | 40.88 | 39.04 | 33.97 | 37.99 |
| Payable days | 29.7 | 31.73 | 37.93 | 35.83 | 32.25 | 45.32 | 46.06 | 36.3 |
| PER(x) | 20.87 | 21.27 | 27.59 | 18.4 | 12.6 | 16.14 | 15.47 | 9.88 |
| Price/Book(x) | 2.4 | 0.92 | 0.98 | 0.75 | 0.66 | 0.59 | 0.76 | 0.54 |
| Dividend Yield(%) | 1.34 | 1.33 | 1.06 | 1.97 | 2 | 1.46 | 1.73 | 4.03 |
| EV/Net Sales(x) | 1.03 | 1.32 | 1.8 | 1.44 | 1.15 | 1.48 | 1.44 | 1 |
| EV/Core EBITDA(x) | 13.39 | 14.66 | 19.3 | 12.77 | 9.83 | 11.59 | 12.67 | 7.67 |
| Net Sales Growth(%) | 0 | 3.4 | -7.67 | 9.42 | 1.57 | -0.17 | 21.55 | 12.36 |
| EBIT Growth(%) | 0 | 21.28 | -4.5 | 33.33 | 4.77 | 9.54 | 13.49 | 23.39 |
| PAT Growth(%) | 0 | 20.54 | -2.98 | 32.53 | 20.23 | 3.25 | 18.91 | 23.44 |
| EPS Growth(%) | 0 | 20.54 | -2.68 | 31.75 | 19.9 | 6.76 | 14.86 | 23.69 |
| Debt/Equity(x) | 0.06 | 0.02 | 0.02 | 0.01 | 0.01 | 0 | 0 | 0 |
| Current Ratio(x) | 3.9 | 4.09 | 3.78 | 5.68 | 6.07 | 4.66 | 3.84 | 3.95 |
| Quick Ratio(x) | 3.06 | 3.38 | 3 | 4.81 | 4.97 | 4.05 | 2.97 | 2.78 |
| Interest Cover(x) | 0 | 0 | 0 | 711.2 | 555.45 | 291 | 474.75 | 9373 |
| Total Debt/Mcap(x) | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0 | 0.01 | 0 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 30.71 | 30.71 | 30.71 | 30.71 | 30.71 | 30.71 | 30.71 | 30.71 | 30.71 | 30.71 |
| FII | 7.51 | 7.51 | 7.51 | 7.53 | 7.59 | 7.86 | 7.96 | 7.96 | 7.96 | 8.04 |
| DII | 2.49 | 2.49 | 2.49 | 2.49 | 2.49 | 2.49 | 2.49 | 2.49 | 2.49 | 2.49 |
| Public | 59.28 | 59.28 | 59.28 | 59.26 | 59.2 | 58.93 | 58.83 | 58.83 | 58.83 | 58.75 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 |
| FII | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| DII | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Public | 0.74 | 0.74 | 0.74 | 0.74 | 0.74 | 0.74 | 0.73 | 0.73 | 0.73 | 0.73 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.25 | 1.25 | 1.25 | 1.25 | 1.25 | 1.25 | 1.25 | 1.25 | 1.25 | 1.25 |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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