India Motor Parts and Accessories Ltd | High Income Company | Investing | Finance | Share Guru Weekly
This TVS Motor Group company is the countrywide distributor for about 50 auto-component manufacturers. It operates through 50 branch offices the and a network of 35,000 dealers across the country.
Its product-range include motor parts, engine group components, brake systems, fasteners, radiators, suspensions, axles, auto electricals, wheels, steering linkages, instrument clusters and others.
In the year 2017-18, IMPAL earned a Net Profit of Rs 31.06 crore as against Rs 32.14 crore earned in the earlier year. After taking into account the amount Rs 106.15 crore that it received as its share of profits after tax in its associated companies, the total Net Profit would be Rs 137.22 crore for the said year.
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In the quarter ended June 2018, the company reported a Net Profit of Rs 6.83 crore. The promoters are controlling 30.71% stake and FIIs another 8.51% in the equity of Rs 8.32 crore. As on June 30, 2018, the share of Rs 10 (FV) had a Book Value of Rs 1,068. IMPAL that had rewarded Rs 11 per share as total dividend for the financial year 2016-17 rewarded the shareholders with an interim dividend of Rs 11 per share before closure of the first quarter of the current financial year 2018-19 itself.With a 52-Week High Price of Rs 1443 and Low Price of Rs 796, the share of the company is now trading at an attractive price level of Rs 880 that is less than the Book Value.
BSE Code: 590065
Face Value: Rs 10.00
Market Price: Rs. 864/-
(11 Oct 18 | 16:00 | All Prices in Rs.)