NDR Auto Components Limited operates in the auto components industry, focusing on manufacturing of seat frames, trims, and related accessories for four-wheelers and two-wheelers. The company also manufactures, fabricates, and assembles automotive components, including seats and their spare parts, and is engaged in both manufacturing and trading of these components.
The company was incorporated as a Public Limited Company in India on March 19, 2019. Its primary business involves the production and manufacturing of seat frames and seat trims for four-wheeler and two-wheeler vehicles, along with other accessories relating to car seats.
The company's product portfolio includes:
- Four Wheeler Seat Frames
- Two Wheeler Seat Frames
- Body in White (BIW) parts
- Four Wheeler Seat Trims
- Two Wheeler Seat Trims
NDR Auto has a fully integrated facility for sheet metal fabrication, procuring sheet metal in the form of coils and CTL (Cut to length) strips which are then processed into parts using various press machines. The company operates over 15 Pipe Bending and Notching machines.
The company has four manufacturing facilities:
- Two at Gurugram, Haryana
- One at Ramanagara District near Bengaluru, Karnataka
- A new manufacturing facility at Surendranagar, Gujarat (for seat frames)
These facilities are equipped with robotic welding cells, CNC tube bending machines, power presses to make critical press parts in various steel grades, CNC fabric and leather cutting machines, and stitching machines, all designed to meet the increased quality requirements of its customers.
NDR Auto Components is currently a dedicated supplier to Bharat Seats Limited and is engaged in the production and manufacturing of seat frames and seat trims for passenger and utility vehicles manufactured and sold by Maruti Suzuki India Limited. Recently, the company also started producing stamping and welded BIW (Body in White) parts for a Tier-1 automotive customer, ultimately for use on vehicles produced by Maruti Suzuki India Limited. The company is also in the process of setting up a manufacturing plant at Harohalli, in Bengaluru, for manufacturing seat frames and seat trims for supply to Toyota Boshoku Automotive India Private Limited.
As of the latest available data, NDR Auto Components has a market capitalization of ₹1,665 crores as on April 17, 2025. The company reported revenue of ₹713 crores and a profit of ₹53.3 crores. The promoter holding stands at 73.1%. The company has seen its market cap grow by 143% in one year.
Q3 FY2024-25 Performance:
- Total Income: ₹176.22 crores (24.9% YoY growth from ₹141.06 crores in Q3 FY23-24; 0.4% QoQ increase from ₹175.57 crores in Q2 FY24-25)
- Profit Before Tax: ₹14.83 crores (62.3% YoY growth)
- Profit After Tax: ₹13.39 crores (56.8% YoY growth)
- Earnings Per Share (EPS): ₹5.60 (12.0% QoQ growth)
Q4 FY2024-25 Performance (March 2025):
- Net Sales: ₹192.04 crores (highest in five quarters)
- Operating Profit: ₹20.67 crores (10.76% margin, indicating enhanced efficiency)
- Profit Before Tax: ₹19.18 crores (31.6% growth vs. previous four quarters average)
- Profit After Tax: ₹16.39 crores (35.3% growth)
- EPS: ₹6.89
NDR Auto Components has ambitious growth plans:
- The company plans to launch innovative seat inserts, targeting ₹100 crore in revenue by FY2027-28.
- Anticipated revenue growth of ₹250-300 crore in FY2025-26 from new segments.
- A strong order book of ₹500-550 crore underpins future growth.
- The company is actively expanding its customer base beyond its traditional relationship with Maruti Suzuki.
- Focus on diversifying its product portfolio to tap into new market opportunities.
NDR Auto Components Ltd has demonstrated strong stock performance:
- Last 3 Years Return: 92.07%
- Last 6 Months Increase: 41.36%
- Last 1 Year Increase: 149.27%
Key Valuation Metrics (as of recent data):
- P/E Ratio: 33.42
- Price to Book Ratio: 5.68
- Dividend Yield: 0.28%
- Return on Equity (ROE): 16.01%
- Debt-Equity Ratio: 0.03
The stock is listed on NSE with the symbol NDRAUTO and on BSE with the code 543214, with ISIN INE07OG01012. NDR Auto Components Ltd represents a compelling investment opportunity in the automotive components sector, driven by increasing demand for passenger vehicles and a growing emphasis on vehicle comfort and safety features.
