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India Motor Parts and Accessories Limited (NSE:IMPAL) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the case of IMPAL, it is a company with great financial health as well as a an impressive track record of performance. Below, I’ve touched on some key aspects you should know on a high level. For those interested in digger a bit deeper into my commentary, read the full report on India Motor Parts and Accessories here.
Flawless balance sheet with proven track record
IMPAL delivered a bottom-line expansion of 32% in the prior year, with its most recent earnings level surpassing its average level over the last five years. In addition to beating its historical values, IMPAL also outperformed its industry, which delivered a growth of 2.7%. This is an notable feat for the company. IMPAL’s strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. This implies that IMPAL manages its cash and cost levels well, which is an important determinant of the company’s health. IMPAL appears to have made good use of debt, producing operating cash levels of 0.8x total debt in the prior year. This is a strong indication that debt is reasonably met with cash generated.
Next Steps:
For India Motor Parts and Accessories, there are three fundamental factors you should further research:
- Future Outlook: What are well-informed industry analysts predicting for IMPAL’s future growth? Take a look at our free research report of analyst consensus for IMPAL’s outlook.
- Valuation: What is IMPAL worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether IMPAL is currently mispriced by the market.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of IMPAL? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
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