Case study

IMPAL

India Motor Parts & Accessories Limited

Mixed signals1y model +6.0%

Each stock's 10,000-path forecast, rendered as light.

53Score

India Motor Parts & Accessories Limited (IMPAL) Stock Analysis & Case Study

Is IMPAL a good buy? The data-driven verdict.

India Motor Parts & Accessories Limited (IMPAL) trades at ₹1,098,on the numbers it mixed signals, a Downstox Snapshot Score of 53/100.

On the numbers, India Motor Parts & Accessories Limited (IMPAL) mixed signals, a Downstox Snapshot Score of 53/100, weighing fairly valued at 17.5× earnings, ROE of 3.7%, a 58% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

IMPAL fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹1,370 Cr
Current price
₹1,098
P/E ratio
17.5×
P/B ratio
0.54×
Book value
₹2,023
Dividend yield
3.01%
ROCE
4.6%
ROE
3.7%
Piotroski F-Score
6/8

How IMPAL ranks against the 2,373 companies in our screener

We do not hold a debt-to-equity ratio figure for IMPAL, as of 9 Aug 2026, so it is not ranked here.

Is IMPAL overvalued? IMPAL P/E vs peers

IMPAL trades at 17.5× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

IMPAL share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of IMPAL history (7%/yr drift, 28%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
IMPAL 2027₹806₹1,163₹1,680+6%
IMPAL 2028₹728₹1,233₹2,090+12%
IMPAL 2029₹690₹1,307₹2,476+19%
IMPAL 2030₹667₹1,385₹2,877+26%
IMPAL 2031₹647₹1,468₹3,332+34%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability IMPAL goes up, or doubles?

58%
Higher in 1 year
Modelled chance the price is above today in 12 months
67%
Higher in 5 years
Modelled chance the price is above today in 5 years
27%
Doubles in 5 years
Modelled chance of reaching ₹2,195 within 5 years

The bull case for IMPAL

  • IMPAL's P/E of 17.5x is lower than 68% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Low price-to-book of 0.54×, the market is paying little over the company's net assets.
  • IMPAL's dividend yield of 3.0% ranks in the 94th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹2,476.

The bear case & risks

  • IMPAL's return on equity of 3.7% ranks in the 25th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹690.

IMPAL volatility & expected range, how bumpy is the ride?

Over the last 9.8 years IMPAL compounded at 7%/year with annualized volatility of 28%. That volatility implies a 1-year 80% range of ₹806-₹1,680, the honest backbone behind any single price target.

IMPAL price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
6.0%
80% range₹806-₹1,680
P(price ↑)58%
P(price 2×)2%
3-Year Forecast
2029
₹0
Median (P50)
19.0%
80% range₹690-₹2,476
P(price ↑)64%
P(price 2×)15%
5-Year Forecast
2031
₹0
Median (P50)
33.7%
80% range₹647-₹3,332
P(price ↑)67%
P(price 2×)27%

IMPAL price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
IMPAL simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds IMPAL hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the IMPAL price target & forecast page.

IMPAL Piotroski F-Score: 6/8, how financially strong is it?

6/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. IMPAL scores 6/8, mixed financial health.

IMPAL MTF margin & leverage across 4 brokers

Margin Trading Facility lets you buy IMPAL with part of the capital. Lower margin % = higher leverage. Rates compared across 4 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Dhan50.00%2.0×
Pocketful50.00%2.0×
Anand RathiCHEAPEST28.92%3.5×
Share India29.00%3.4×

Compare every broker on the IMPAL MTF page.

About India Motor Parts & Accessories Limited: sector, index & market-cap context

India Motor Parts & Accessories Limited (IMPAL) is a small-cap NSE-listed company, with a market capitalisation of ₹1,370 Cr. See more stocks on our screener.

How the IMPAL Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of India Motor Parts & Accessories Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

IMPAL analysis, FAQs

Is India Motor Parts & Accessories Limited (IMPAL) a good buy?

On the numbers, India Motor Parts & Accessories Limited (IMPAL) mixed signals, a Downstox Snapshot Score of 53/100, weighing fairly valued at 17.5× earnings, ROE of 3.7%, a 58% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is IMPAL overvalued or undervalued?

IMPAL trades at 17.5× earnings, fairly valued versus the ~22× long-run Nifty average.

What is the IMPAL share price target for 2031?

IMPAL's probability-weighted 2031 median target is ₹1,468, with an 80% range of ₹647-₹3,332 (10,000-path Monte-Carlo).

What is the probability IMPAL doubles in 5 years?

The modelled probability of IMPAL reaching ₹2,195 (2×) within 5 years is 27%.

What is the bull case for IMPAL?

IMPAL's P/E of 17.5x is lower than 68% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. Low price-to-book of 0.54×, the market is paying little over the company's net assets. IMPAL's dividend yield of 3.0% ranks in the 94th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

What are the risks in IMPAL?

IMPAL's return on equity of 3.7% ranks in the 25th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

More on IMPAL