NDR Auto Components Ltd

NSE: NDRAUTO BSE: 543214

Incorporated in 2019, NDR Auto Components manufacturing seat frames and seat trims for passenger cars and utility vehicles[1]

₹818

52W: ₹605 — ₹1220

PE 36.6 · Book ₹121 · +576% vs book

Market Cap₹1,946 Cr

Stock P/E36.6Price to Earnings

ROCE24.9%Return on Capital

ROE20.1%Return on Equity

Div. Yield0.34%Face Value ₹10

Strengths

Promoters73.13%

FIIs0.08%

DIIs0%

Public26.8%

Category	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	73.06%	73.06%	73.06%	73.13%▲0.1	73.13%	73.13%	73.13%	73.13%
FIIs	0%	0.12%▲0.1	0%▼0.1	0.06%▲0.1	0.07%▲0.0	0.18%▲0.1	0.05%▼0.1	0.08%▲0.0
DIIs	0%	0%	0%	0%	0.17%▲0.2	0%▼0.2	0%	0%
Public	26.95%	26.82%▼0.1	26.93%▲0.1	26.8%▼0.1	26.63%▼0.2	26.68%▲0.1	26.82%▲0.1	26.8%▼0.0

Metric	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	140	176	171	174	175	192	185	200	208	229
Expenses	127	160	155	157	157	171	165	178	186	203
Operating Profit	13	16	17	17	19	21	20	22	22	26
OPM %	9%	9%	10%	10%	11%	11%	11%	11%	11%	12%
Net Profit	7	10	10	11	11	13	11	14	12	16
EPS ₹	2.86	4.02	4.02	4.77	4.75	5.42	4.7	5.84	5.22	6.54

Revenue Trend

Mar 2026 revenue at ₹823Cr, up 15.4% YoY. OPM at 11%.

Debt Position

Borrowings at ₹33Cr. Debt-to-equity ratio: 0.13x. Healthy balance sheet.

Capex Cycle

CWIP at ₹8Cr (3% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0.08% (+0.08pp change). Promoters hold 73.13%.

Margin & Efficiency

ROCE improving from 0% (Mar 2020) to 25% (Mar 2026). Working capital days: 7.

Valuation

PE 36.6x with 24.9% ROCE. Price is 576% above book value of ₹121. Dividend yield: 0.34%.