India Motor Parts & Accessories Ltd Growth Catalysts - SOIC x StockScans Report
as of Jul 2026
- Branch network expansion - Ten new branches were added in FY26, bringing the total to 99 across 23 states, with a stated focus on smaller towns and rural areas. A wider physical footprint shortens delivery lead times to dealers and mechanics in under-served markets, directly supporting revenue growth in the company's distribution-only model.
- Amalgamation of CAPL Motor Parts - The NCLT sanctioned the merger of the wholly owned subsidiary with an appointed date of 1 April 2023, and the company confirms no remaining subsidiaries as of FY26. The simplified structure eliminates a layer of administrative cost and consolidates all earnings into the listed entity.
- ERP system implementation - A new ERP system was implemented during the later part of FY25 and again in FY26 and is expected to improve operational efficiency, data protection, and manpower optimisation. Better inventory visibility and order processing can lift working-capital turns in a business where stock management is central to profitability.
- Rising vehicle parc and pre-owned market - Management points to an increasing vehicle parc across passenger and commercial segments and an expanding pre-owned vehicle market as structural demand drivers for aftermarket parts. A larger, ageing vehicle fleet on Indian roads steadily expands the addressable market for replacement parts distribution.