India Motor Parts & Accessories Limited (IMPAL) is a prominent entity in the distribution of automobile spare parts and accessories. Incorporated on July 12, 1954, the company is an integral part of the TVS Group and has solidified its position as India's largest distributor for automotive spare parts. It operates as a public limited company, registered with the Registrar of Companies, Chennai.
IMPAL stands as one of the largest all-India distributors for automobile spares, representing approximately 50 manufacturers and serving a vast network of over 35,000 dealers nationwide. The company efficiently distributes automobile spare parts and accessories through its extensive branch and dealer network across the country. Its registered address is No.46 Whites Road, Chennai, Tamil Nadu.
The company's diverse product portfolio includes critical automotive components such as brake systems, steering linkages, powertrain components, engine parts, wheel rims, engine group components, fasteners, radiators, suspensions, axles, auto electricals, wheels, and instrument clusters. IMPAL caters to more than 40 auto component manufacturers, including renowned names like Brakes India, Rane (Madras) Limited, Sundram Fasteners, and ZF Commercial Vehicle Control Systems India.
Operating through its network of over 50 branches, the company represents more than 60 manufacturers, positioning it as a significant player in the automotive aftermarket distribution sector. This wide product range coupled with an extensive dealer network firmly establishes IMPAL as a crucial intermediary between manufacturers and retailers within the automotive spare parts ecosystem.
The company's financial performance demonstrates consistent growth and stability.
For the full year ended March 2025, India Motor Parts & Accessories Ltd reported a net profit increase of 13.19% to ₹83.67 crore, compared to ₹73.92 crore in the previous year. Sales for the same period rose by 6.43% to ₹788.81 crore, up from ₹741.16 crore in FY24.
Looking at the quarterly performance:
- Q4 FY25: Net profit surged by 20.74% to ₹23.93 crore (compared to ₹19.82 crore in Q4 FY24), with sales growing 5.76% to ₹188.85 crore (from ₹178.56 crore).
- Q3 FY25 (December 2024): Net profit increased by 7.31% to ₹16.30 crore (compared to ₹15.19 crore in Q3 FY24), while sales climbed 13.57% to ₹211.67 crore (from ₹186.38 crore).
- Q2 FY25 (September 2024): Net profit rose by 7.31% to ₹22.60 crore (compared to ₹21.06 crore in Q2 FY24), with sales up 4.79% to ₹190.40 crore (from ₹181.69 crore).
• Market Capitalization: ₹1,326 crore (as reported by Business Standard)
• Revenue FY25: ₹788.81 crore
• Net Profit FY25: ₹83.67 crore
• Paid-up Capital: ₹124.8 crore (as of March 2025)
IMPAL has a consistent track record of providing returns to its shareholders. The Board of Directors has recommended a final dividend of ₹20 per equity share of ₹10 each (200%) for the financial year 2024-25, based on a paid-up capital of ₹12.48 crores. This dividend is subject to shareholder approval at the 71st Annual General Meeting and, if approved, will be paid on or before August 21, 2025.
In January 2025, the company also declared an interim dividend of ₹10 per share (100%). This demonstrates IMPAL's commitment to consistent shareholder returns. The 71st AGM is scheduled for July 25, 2025, where a total dividend of ₹30 per share for FY25 will be approved.
The promoter holding in India Motor Parts & Accessories Ltd has seen a slight increase, reaching 30.72% as of March 2025, up from 30.71% in June 2024. The present promoters include prominent entities such as TV Sundaram Iyengar & Sons Ltd, Sundaram Finance Ltd, Lakshmi General Finance Ltd, and Sri T.S. Santhanam, along with persons acting in concert.
A notable strength of the company is its almost debt-free status, which provides significant financial stability and flexibility for future operational endeavors. However, the company has recorded a low return on equity (ROE) of 4.11% over the last three years, indicating potential areas for improvement in profitability metrics.
India Motor Parts & Accessories Ltd maintains its position as a major distributor of automobile spare parts, representing over fifty manufacturers through its extensive branch network across India. While the company faces competition from players like Kernex Microsystems, Automobile Corp. Goa, Munjal Auto Industries, Jay Bharat Maruti, Kinetic Engineering, Rajratan Global Wire, and Autoline Industries, its established network and deep industry relationships provide a strong competitive edge.
With over seven decades of experience, IMPAL has developed a robust business model that effectively bridges the gap between automotive component manufacturers and the vast retail market across India. Its extensive distribution capabilities and long-standing industry presence position it well to capitalize on the sustained growth of India's automotive aftermarket.
