NDRAUTO - NDR Auto Compon.
📢 Recent Corporate Announcements
NDR Auto Components Limited (NDRAUTO) has informed the stock exchanges about a group investor meeting held on March 12, 2026. The meeting was conducted in a physical format at Aerocity, Delhi, starting at 6:00 PM. This disclosure is a routine regulatory requirement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No specific financial data or strategic updates were provided in this specific filing.
- Group Investor Meeting conducted on March 12, 2026, at 6:00 PM.
- The meeting was held in a physical mode at Aerocity, Delhi.
- Compliance filing under Regulation 30 of SEBI (LODR) Regulations, 2015.
- The event involved interactions with various analysts and institutional organizations.
NDR Auto Components Limited has announced a group investor meeting scheduled for March 12, 2026, at 6:00 PM. The meeting will be held in a physical format at Aerocity, Delhi, involving company officials and institutional analysts. This disclosure is a routine part of the company's investor relations activities under SEBI listing regulations. Investors should look for any subsequent filings regarding presentations or transcripts that may provide updates on business strategy.
- Group investor meeting scheduled for March 12, 2026, at 06:00 P.M.
- The meeting will be conducted in physical mode at Aerocity, Delhi.
- Participation includes company officials and various institutional analysts/organizations.
- Compliance filing under Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
NDR Auto Components Limited (NDRAUTO) conducted a virtual meeting with Kitara Capital on February 27, 2026, at 3:00 P.M. The meeting was held in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. While the specific discussion points were not disclosed in the filing, such meetings typically cover business performance and future outlook. This interaction highlights the company's ongoing engagement with institutional investors.
- Virtual meeting held with Kitara Capital on February 27, 2026
- Meeting commenced at 3:00 P.M. as per regulatory filings
- Compliance maintained under Regulation 30 of SEBI (LODR) Regulations, 2015
- Indicates active institutional interest in the company's operations
NDR Auto Components Limited conducted a virtual meeting with Electrum Portfolio Managers Limited on February 26, 2026. The meeting was held at 2:00 P.M. as part of the company's regular institutional engagement. This disclosure is a standard regulatory requirement under SEBI Listing Obligations. While no specific financial details were shared in this filing, it indicates active interest from institutional portfolio managers.
- Meeting held with Electrum Portfolio Managers Limited on February 26, 2026.
- The interaction was conducted via virtual mode at 02:00 P.M.
- Compliance maintained under Regulation 30 of SEBI (LODR) Regulations, 2015.
NDR Auto Components Limited held a virtual meeting with Electrum Portfolio Managers Limited on February 26, 2026. The meeting was conducted at 2:00 P.M. in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This event represents standard institutional engagement and does not disclose specific financial results or material changes. Investors should note the company's ongoing efforts to maintain transparency with institutional stakeholders.
- Meeting held on February 26, 2026, at 02:00 P.M.
- Institutional participant: Electrum Portfolio Managers Limited
- Mode of interaction: Virtual meeting
- Compliance: Filed under Regulation 30 of SEBI LODR Regulations
NDR Auto Components Limited (NDRAUTO) has officially reported a virtual one-on-one meeting with AM Investments held on February 24, 2026. The meeting, which commenced at 3:00 P.M., was part of the company's regular engagement with institutional investors. This disclosure was made in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements. No specific financial projections or material non-public information were detailed in this particular filing.
- One-on-one investor meeting held with AM Investments on February 24, 2026
- The meeting was conducted via virtual mode at 03:00 P.M.
- Compliance filing submitted under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- The notification serves as a routine update on institutional investor engagement
NDR Auto Components Limited has announced a one-on-one physical meeting with Electrum Portfolio Managers Limited. The meeting is scheduled for February 26, 2026, starting at 2:00 P.M. This disclosure is a routine compliance filing under Regulation 30(6) of the SEBI (LODR) Regulations, 2015. Such interactions are standard for listed companies to engage with institutional investors regarding business updates.
- One-on-one physical meeting scheduled with Electrum Portfolio Managers Limited
- Meeting date set for February 26, 2026, at 02:00 P.M.
- The interaction is part of regular investor relations activities under SEBI guidelines
- Note provided that the meeting is subject to cancellation or rescheduling due to exigencies
NDR Auto Components Limited has announced a scheduled interaction with Kitara Capital on February 27, 2026. The meeting is set to begin at 3:00 PM and will be conducted via virtual mode. This disclosure is made under Regulation 30 of the SEBI (LODR) Regulations, 2015, regarding analyst or institutional investor meets. Such meetings are standard practice for listed companies to engage with institutional stakeholders and discuss business updates.
- Virtual meeting scheduled with Kitara Capital for February 27, 2026.
- The session is slated to commence at 03:00 P.M. IST.
- Compliance filing under Regulation 30(6) of SEBI Listing Regulations.
- The meeting is subject to change or cancellation based on exigencies from either party.
NDR Auto Components Limited has announced a virtual meeting with AM Investments scheduled for February 24, 2026, at 3:00 P.M. This interaction is part of the company's routine engagement with institutional investors and analysts. The disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Such meetings typically involve discussions on company performance and industry outlook, though no price-sensitive information is usually shared.
- Meeting scheduled with AM Investments for February 24, 2026
- The interaction will be held virtually starting at 3:00 P.M.
- Compliance with SEBI (LODR) Regulations, 2015, specifically Regulation 30(6)
- Meeting subject to change or cancellation due to exigencies
NDR Auto Components Limited has announced a virtual meeting with AM Investments scheduled for February 24, 2026, at 3:00 PM. This interaction is part of the company's routine engagement with institutional investors and analysts under SEBI (LODR) Regulations. Such meetings typically involve discussions on the company's business outlook and operational performance. Investors should look for any subsequent filings regarding presentation materials or transcripts from this session.
- Virtual meeting scheduled with AM Investments on February 24, 2026.
- The meeting is set to commence at 03:00 P.M. IST.
- Compliance filing made under Regulation 30(6) of SEBI (LODR) Regulations, 2015.
- The schedule is subject to change based on the exigencies of either party.
NDR Auto Components reported a 19% YoY growth in total income for Q3 FY26, reaching INR 208.99 crore with an EBITDA margin of 11.18%. The company maintains a strong order book of INR 450 crore, providing revenue visibility for the next 2-3 years as new projects ramp up. Management has outlined an ambitious long-term revenue target of INR 3,000-3,500 crore within the next 4-5 years, driven by expansion into new product categories like ambient lighting and seat inserts. Despite a slight impact from new labor codes, the company is leveraging its land banks in Aurangabad and Kharkhoda for future capacity expansion.
- Q3 FY26 total income grew 19% YoY to INR 208.99 crore, while 9M FY26 income rose 14% to INR 595.56 crore.
- Current order book stands at INR 450 crore, with production ramp-ups expected towards the end of FY27.
- Management targets a significant revenue scale-up to INR 3,000-3,500 crore over the next 4-5 years.
- Capacity utilization remains high at 80-85%, with expansion plans on track at Aurangabad and Kharkhoda.
- New product offerings include ambient lighting (JV with Hayashi), seat trims, and seat belt reminders to increase content per vehicle.
NDR Auto Components has released the audio recording of its analyst and institutional investor conference call held on February 05, 2026. The call featured senior management, including the Whole-time Director and CFO, discussing the company's performance for the quarter and nine months ended December 31, 2025. This disclosure provides transparency into management's commentary on product categories and operational results. Investors can access the full recording via the company's official website link provided in the filing.
- Audio recording of the investor call held on February 05, 2026, is now publicly available.
- Discussion focused on financial performance for Q3 and the nine-month period ending December 31, 2025.
- Senior leadership including the WTD, CFO, and Executive Director participated in the briefing.
- The recording covers detailed insights into the company's various product categories and market performance.
- Filing is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
NDR Auto Components reported a robust Q3FY26 with total income rising 19% YoY to Rs 208.99 crore, marking its highest-ever quarterly sales. The company's profitability improved with 9-month PBT reaching Rs 56.10 crore and an adjusted ROCE of 31.65%. Management has outlined an ambitious expansion plan involving five new projects with a total outlay of Rs 149.80 crore to diversify into ambient lighting and seat latches. Looking ahead, the company has set a 'Vision 2030' target to reach Rs 3,000 crore in revenue, supported by a current order book of Rs 450 crore.
- Q3FY26 Revenue grew 19% YoY to Rs 208.99 crore, achieving the highest quarterly sales in company history.
- EBITDA margins for 9MFY26 improved to 11.15% compared to 10.65% in the previous year.
- Current sales order book stands at Rs 450 crore with a strong focus on premiumization and volume growth from Maruti and KIA.
- Investing Rs 149.80 crore in five expansion projects across Manesar, Anantapur, Bengaluru, and Gujarat, expected to start operations by 2026-27.
- Adjusted ROCE (excluding non-productive land and surplus cash) reached a high of 31.65% as of December 31, 2025.
NDR Auto Components reported a steady performance for Q3 FY26, with standalone revenue from operations growing 18.89% YoY to ₹208.29 crore. Net profit for the quarter stood at ₹12.42 crore, a 9.9% increase compared to ₹11.30 crore in the same period last year, despite a sequential dip from Q2. For the nine-month period ended December 2025, the company achieved a 16.46% growth in PAT, reaching ₹37.50 crore. The company also recognized a one-time exceptional expense of ₹64.75 lakhs related to the implementation of New Labour Codes.
- Standalone Revenue from operations grew 18.89% YoY to ₹208.29 crore in Q3 FY26.
- Net Profit (PAT) increased by 9.91% YoY to ₹12.42 crore, though it declined 10.6% on a QoQ basis.
- 9M FY26 Revenue reached ₹593.47 crore, marking a 13.97% growth over the previous year.
- Exceptional item of ₹64.75 lakhs recorded due to adjustments for New Labour Codes framework.
- Income Tax department demand of ₹502.20 lakhs is currently under appeal, with management confident of a favorable outcome.
NDR Auto Components reported a steady performance for Q3 FY26, with standalone revenue from operations growing 18.9% YoY to ₹208.29 crore. Net profit for the quarter stood at ₹12.42 crore, a 9.9% increase compared to the same period last year, despite a slight sequential dip from Q2 FY26. The company recognized an exceptional expense of ₹64.75 lakhs due to the implementation of New Labour Codes. Additionally, the company is contesting income tax demands totaling over ₹500 lakhs plus penalties following a previous search.
- Standalone Revenue from operations grew by 18.89% YoY to ₹20,829.39 lakhs.
- Net Profit for Q3 FY26 increased by 9.91% YoY to ₹1,241.75 lakhs.
- Earning Per Share (EPS) improved to ₹5.22 from ₹4.75 in the previous year's corresponding quarter.
- An exceptional item of ₹64.75 lakhs was recorded for provisions related to the New Labour Codes.
- The company is currently appealing income tax demands of ₹502.20 lakhs and associated penalties.
Financial Performance
Revenue Growth by Segment
The company operates in a single business segment (seat frames and trims). Total income grew 18.5% YoY to INR 717.1 Cr in FY25 from INR 605.15 Cr in FY24. H1 FY26 total income reached INR 386.58 Cr, representing an 11.19% growth compared to H1 FY25.
Geographic Revenue Split
Primarily domestic (India), with a high concentration of revenue linked to Maruti Suzuki India Limited (MSIL) operations in the Indian market. Specific regional % splits are not disclosed.
Profitability Margins
Net Profit Margin (NPM) improved from 6.4% in FY24 to 7.43% in FY25. For H1 FY26, NPM stood at 7.36% compared to 6.75% in H1 FY25. Operating Profit Margin (EBIT) increased by 14.02% YoY to 8.83% in FY25.
EBITDA Margin
EBITDA margin expanded from 9.88% in FY24 to 10.83% in FY25. In Q2 FY26, margins further improved to 11.24% (up from 10.64% in Q2 FY25) due to operating leverage and in-sourcing of components.
Capital Expenditure
Planned capex of ~INR 40 Cr in FY2026 for general operations. Additionally, INR 22 Cr is being invested in a wholly-owned subsidiary for seat fabric, and INR 33.3 Cr is committed as an equity component for a 50:50 JV with Hayashi Telempu (Japan).
Credit Rating & Borrowing
Assigned [ICRA]A+ (Stable) and [ICRA]A1+ ratings. The company maintains a negative net debt position with cash/bank balances of INR 60-65 Cr as of March 2025 and a low Debt-Equity ratio of 0.13.
Operational Drivers
Raw Materials
Seat frames, seat trims, and fabric inserts. Cost of materials consumed accounted for 73.93% of total income in H1 FY26, an improvement from 77.01% in H1 FY25.
Import Sources
Not specifically disclosed, though the company is moving toward in-house production of previously bought-out components to improve margins.
Capacity Expansion
Setting up a new subsidiary for seat insert fabric (INR 22 Cr investment) with revenues expected from FY2027. A JV for interior products (dash mirrors, ambient lighting) involves an INR 82 Cr total project cost through FY2028.
Raw Material Costs
Raw material costs were 73.93% of revenue in H1 FY26. The company utilizes a raw material pass-on clause with customers to mitigate price volatility and protect margins.
Manufacturing Efficiency
ROCE improved from 18.38% in FY24 to 21.26% in FY25. Excluding non-productive land and surplus cash, ROCE reached 32.29% in FY25, reflecting high capital efficiency.
Strategic Growth
Expected Growth Rate
11.19%
Growth Strategy
Growth is driven by product diversification (BIW, seat fabric, ambient lighting), in-sourcing components to capture higher value-add, and expanding the share of business with MSIL for new models like eVITARA.
Products & Services
Passenger car seat frames, seat trims, Body in White (BIW) components for Jimny and Victoris, dash mirrors, ambient lighting, NVH floor carpets, and rear shades.
Brand Portfolio
NDR Auto Components Limited.
New Products/Services
BIW for Victoris (INR 40 Cr annual revenue potential) and new products from the Hayashi Telempu JV (dash mirrors, ambient lighting) expected to support medium-term growth.
Market Expansion
Expanding into the EV segment via components for the eVITARA and increasing the product basket per vehicle through the new JV and subsidiary.
Strategic Alliances
50:50 Joint Venture with Hayashi Telempu, Japan, to manufacture interior automotive components.
External Factors
Industry Trends
The industry is shifting toward premiumization and EVs (eVITARA). NDR is positioning itself by adding high-value interior components and BIW parts to its portfolio to capture higher content per vehicle.
Competitive Landscape
Competes with other automotive seating and component manufacturers; maintains advantage through proximity to MSIL and integrated manufacturing.
Competitive Moat
Moat is built on a healthy Share of Business (SOB) with MSIL and long-standing promoter experience. Sustainability is driven by deep integration into the OEM's supply chain and JV partnerships with global players like Hayashi Telempu.
Macro Economic Sensitivity
Directly dependent on the Indian automotive industry growth; sensitive to GST rate changes on automobiles and festive demand cycles.
Consumer Behavior
Shift toward SUVs and Utility Vehicles (UVs) where NDR already provides seat frames and trims, benefiting from the higher value of these segments.
Geopolitical Risks
Potential impact from global supply chain disruptions affecting automotive electronics or raw materials required by primary OEMs like MSIL.
Regulatory & Governance
Industry Regulations
Subject to automotive safety and quality standards; product recalls or warranty costs are identified as key social/operational risks.
Taxation Policy Impact
Effective tax rate not explicitly stated, but financial statements are prepared in accordance with Indian corporate laws.
Legal Contingencies
No specific pending court case values provided; company confirms no GDRs/ADRs or convertible instruments are outstanding.
Risk Analysis
Key Uncertainties
Customer concentration risk (MSIL) and potential for product recalls which could harm reputation and cause financial setbacks.
Geographic Concentration Risk
High concentration in India, specifically near OEM manufacturing hubs like Gurugram/Haryana.
Third Party Dependencies
High dependency on MSIL's market performance and volume growth for revenue stability.
Technology Obsolescence Risk
Risk of shift in seating technology or materials; mitigated by the new JV with Hayashi Telempu for advanced interior products.
Credit & Counterparty Risk
Debtors turnover increased to 46.24 days in FY25 from 35.86 days, suggesting a slight slowdown in collections despite revenue growth.