NDRAUTO

Ndr Auto Components share price & financials

Price
₹855.35
Market cap
₹1.9k Cr
Sector
Automobile and Auto Components
Calls analysed
6
Latest concall · Q1 FY27 · call held 11 Aug 2026

Ndr Auto Components Limited Q1 FY27

Revenue ₹221.45 cr EBITDA ₹26.44 cr EBITDA Margin 11.88% PAT ₹16.4 cr

What went well

  • Revenue of ₹221.45 crores for Q1 FY27, driven by strong order book execution.
  • Healthy EBITDA margins maintained at 11.88% despite sector challenges, reflecting operational efficiency.
  • Commenced operations at NDR Hayashi facility in Bangalore in June 2026, diversifying product portfolio with sunshades.

What to watch

  • Consolidated loss from joint ventures of ₹0.58 crores (₹58 lakh) in Q1 FY27, primarily from NDR Hayashi JV.
  • Other expenses increased sequentially and YoY due to continued investments in marketing, R&D, and hiring for growth.
Read the full call →

What Ndr Auto Components Limited does

NDR Auto Components manufactures and assembles seat frames, seat trims and related interior components — including sun shades, ambient lighting and Body-in-White (BIW) parts — for two-wheeler and four-wheeler OEMs in India. It runs an integrated manufacturing setup combining in-house sheet-metal fabrication (press shop, welding, pipe bending) with trim manufacturing (cutting, stitching) and a fully equipped in-house testing lab. The company is a long-standing supplier to Maruti Suzuki, estimated to cater to around 30% of its seating requirements, and holds equity stakes in joint ventures with global seating majors such as Suzuki Motor Corporation, Toyota Boshoku and Hayashi Telempu Corporation. It earns by supplying components under long-term OEM contracts rather than through any retail brand of its own.

Segments

  • Auto Components
Manufacturing plants
4 plants across Haryana (Pathredi, Gurugram Sector 37), Karnataka (Harohalli/Bengaluru) and Gujarat (Surendranagar)
Share of Maruti Suzuki's seating requirements
~30%
Joint ventures with global seating majors
4 JVs — Bharat Seats Ltd (28.66% stake, BSE-listed, JV with Suzuki Motor Corp. Japan since 1988), Toyota Boshoku Relan India (50% stake), Toyo Sharda India, NDR Hayashi Automotive India
Vehicle models supplied
13 Maruti Suzuki models — 11 four-wheeler (incl. Grand Vitara, Brezza, Dzire, Wagon R, Alto, Jimny, Fronx, e Vitara, Syros, Hyryder, Urban Cruiser) + 2 two-wheeler (Access, Gixxer); also supplies BIW to Jimny
In-house safety/quality tests conducted per product
34
Operating heritage in auto seating (via group/JV relationships)
35+ years
Founded 2019Headquarters New Delhi, India Company website

Guidance record · Q1 FY27

what the last two calls moved 19 tracked 4 delivered 3 missed 12 open
  • EBITDA Margin delivered said Q4 FY25 Promised: 10% to 12% sustainable Q1 FY27: Reported 11.88% for Q1 FY27. Management reiterated guidance of 11-12% going forward.
  • Annual Capex went quiet said Q4 FY25 Promised: ₹20 crore next year (FY26) Q1 FY27: FY26 promise, not discussed in the current quarter.
  • Production Start delayed said Q1 FY26 Promised: FY28 (implied original) Q1 FY27: Land acquired, but plant setup is now contingent on winning business from Toyota, whose own plant start is delayed to CY'29.

All 19 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 21.1%, net profit up 36.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue174 175 192 185 200 +15%208 +19%229 +19%224 +21%
EBITDA17 19 21 20 22 +29%22 +16%26 +24%25 +25%
Net profit11 11 13 11 14 +27%12 +9%16 +23%15 +36%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −38.4% 1Y

₹0.6k₹0.8k₹1.0k₹1.2kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 5 Feb 2026Q4 FY26 — 18 May 2026Q1 FY27 — 11 Aug 2026

1Y: ₹1,124.7 on 10 Sept 2025 → ₹692.85. High ₹1,164.9 (18 Sept 2025), low ₹610.8 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−2.3%
11 Aug
Q4 FY26
+1.1%
18 May
Q3 FY26
−1.1%
5 Feb
Q2 FY26
−2.8%
7 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 27.9% a year over 3 years, FY23 to FY26. Operating margin widened to 10.9%.

Year endingFY23FY24FY25FY26
Revenue₹393 Cr₹602 Cr₹712 Cr₹822 Cr
Operating profit₹32 Cr₹56 Cr₹74 Cr₹90 Cr
Operating margin8.1%9.3%10.4%10.9%
Interest₹2 Cr₹4 Cr₹4 Cr₹4 Cr
Depreciation₹9 Cr₹15 Cr₹16 Cr₹22 Cr
Net profit₹26 Cr₹34 Cr₹45 Cr₹53 Cr
Net margin6.6%5.6%6.3%6.4%
Cash from operations₹48 Cr₹27 Cr₹84 Cr₹38 Cr
Free cash flow₹2 Cr₹-7 Cr₹36 Cr₹-24 Cr
ROCE17.0%21.0%25.0%25.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹6 Cr₹6 Cr₹6 Cr₹12 Cr₹33 Cr₹24 Cr
Reserves₹134 Cr₹144 Cr₹164 Cr₹188 Cr₹300 Cr₹263 Cr
Borrowings₹4 Cr₹13 Cr₹34 Cr₹31 Cr₹52 Cr₹33 Cr
Other liabilities₹40 Cr₹46 Cr₹92 Cr₹112 Cr₹146 Cr₹142 Cr
Total liabilities₹184 Cr₹209 Cr₹296 Cr₹343 Cr₹532 Cr₹462 Cr
Fixed assets₹41 Cr₹47 Cr₹133 Cr₹147 Cr₹245 Cr₹241 Cr
Capital work in progress₹3 Cr₹32 Cr₹13 Cr₹12 Cr₹13 Cr₹8 Cr
Investments₹2 Cr₹2 Cr₹3 Cr₹3 Cr₹76 Cr₹25 Cr
Other assets₹138 Cr₹128 Cr₹146 Cr₹181 Cr₹198 Cr₹189 Cr
Total assets₹184 Cr₹209 Cr₹296 Cr₹343 Cr₹532 Cr₹462 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs trimmed −0.16 pp while the public added +0.15 pp. The shareholder count grew 1% to 25,680.

Promoters
73.1%
FIIs
0.1%
DIIs
0.0%
Public
26.8%

Since Jun 2025

  • DIIs −0.16 pp
  • Public +0.15 pp
  • FIIs +0.01 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 73.1%, FIIs 0.0%, Public 26.9%.Dec '23: Promoters 73.1%, FIIs 0.0%, Public 26.9%.Mar '24: Promoters 73.1%, Public 26.9%.Jun '24: Promoters 73.1%, Public 26.9%.Sep '24: Promoters 73.1%, FIIs 0.1%, Public 26.8%.Dec '24: Promoters 73.1%, Public 26.9%.Mar '25: Promoters 73.1%, FIIs 0.1%, Public 26.8%.Jun '25: Promoters 73.1%, FIIs 0.1%, DIIs 0.2%, Public 26.6%.Sep '25: Promoters 73.1%, FIIs 0.2%, Public 26.7%.Dec '25: Promoters 73.1%, FIIs 0.1%, Public 26.8%.Mar '26: Promoters 73.1%, FIIs 0.1%, Public 26.8%.Jun '26: Promoters 73.1%, FIIs 0.1%, DIIs 0.0%, Public 26.8%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Ndr Auto Components Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Rohit Relan Family Trust (Mr. Rohit Relan, Ms. Ritu Relan, Mr. Rishabh Relan, Mr. Pranav Relan and Mr. Ayush Relan are Trustees) 73.13%unchanged
Rohit Relan 0.00%unchanged
Ritu Relan 0.00%unchanged
Ayush Relan 0.00%unchanged
Rishabh Relan 0.00%unchanged
Pranav Relan 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹693, this stock must grow earnings at 20% every year for 7 years. Our analysis caps realistic growth at ~27%. At that growth it is worth ₹996 — upside of 44%.

Growth the price implies
20.3% a year
for 7 years, fading to 4%
It has actually compounded at
26.8% a year
net profit, FY23–FY26 · EPS 27.5%
The gap
-0.1 pp
44% downside if it only repeats history
Price today ₹692.85 Value at the reference growth ₹996.08

Change the assumptions yourself →

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Ndr Auto Components Limited

Guides on how to read this kind of business and the numbers that matter.