India Motor Parts and Accessories Limited (NSE: IMPAL) has announced a final dividend of ₹23 per equity share for FY26, as recommended by its Board of Directors at a meeting held on May 8, 2026. Combined with the interim dividend of ₹10 per equity share declared on January 22, 2026, the total dividend payout for FY26 stands at ₹33 per share, marking a 10% increase over the ₹30 per share distributed in FY25.

Dividend Details

The final dividend of ₹23 per share follows the company's established pattern of a mid-year interim payout and an end-of-year final dividend. The interim dividend of ₹10 per share was declared in January 2026, consistent with prior years. The company also reported its financial results for the quarter ended June 30, 2026, on July 30, 2026, as per the NSE announcement.

Dividend Growth Trend

IMPAL has demonstrated a consistent and accelerating dividend growth trajectory over the past four fiscal years. Total per-share payouts have grown from ₹13 in FY22 to ₹33 in FY26, reflecting a compound annual growth rate of approximately 26% over four years. The year-on-year increments have been steady: ₹13 (FY22), ₹24 (FY23), ₹27 (FY24), ₹30 (FY25), and ₹33 (FY26). Notably, the final dividend component has grown from ₹15 in FY23 to ₹23 in FY26, a 53% rise over three years, signaling improving profitability and strong cash generation at the company level.

Company Background

India Motor Parts and Accessories Limited is a Chennai-based automotive parts distribution company with ISIN INE547E01014. The company operates in the automotive aftermarket segment, distributing spare parts and accessories for passenger and commercial vehicles across India. It is listed on the National Stock Exchange and falls within the auto ancillary and distribution sector.

What This Means for Investors

The consistent year-on-year increase in total dividends underscores IMPAL's commitment to returning capital to shareholders. The company has now increased its total annual dividend payout for four consecutive years since FY22, providing income-seeking investors with a reliable and growing dividend stream. The shift in the final dividend from ₹20 in FY25 to ₹23 in FY26 represents a 15% increase in the final component alone, which typically reflects the board's confidence in full-year earnings performance.

Investors tracking the stock should note that the quarterly results for the period ended June 30, 2026, were also submitted to the exchange on July 30, 2026, and may offer additional clarity on revenue trends, margins, and the sustainability of the dividend policy going into FY27. With no quote data currently available, dividend yield calculations will need to be assessed against the prevailing market price at the time of investment decisions.