NDR auto components Ltd - The next OEM beneficiary for the EV revolution ?
A thread
#auto #ndr #investing #relangroup
A thread
#auto #ndr #investing #relangroup
NDR Auto Components Limited(NACL) is a part of the Rohit Relan Group
.
NDR was listed post-demerger of the automobile seating business from Sharda Motor Industries Ltd…
.
NDR was listed post-demerger of the automobile seating business from Sharda Motor Industries Ltd…
NDR operates in the auto components industry and manufactures seat frames and trims for four-wheelers and two-wheeler vehicles and other accessories relating to car seats .
Clients
They mainly are depending on Maruthi suzuki.
They mainly are depending on Maruthi suzuki.
Promoters:
Mr. Rohit Relan, Chairman & Managing Director who was also awarded “Order of the Rising Sun, Gold Rays with Rosette” by the Emperor of Japan for his significant contribution to promoting economic exchanges between Japan and India.
I haven't read anything negative.
Mr. Rohit Relan, Chairman & Managing Director who was also awarded “Order of the Rising Sun, Gold Rays with Rosette” by the Emperor of Japan for his significant contribution to promoting economic exchanges between Japan and India.
I haven't read anything negative.
Mr. Pranav Relan – Whole Time Director of NDR Auto
Components is also quite professional.
The management and the senior leadership team of the group have more than three decades of hands-on experience and expertise in this domain.
Components is also quite professional.
The management and the senior leadership team of the group have more than three decades of hands-on experience and expertise in this domain.
Latest results
9 months FY23 PAT doubled to ₹18.35 crore
Consolidated Total Income for Q3 FY23 at ₹ 107.05 crore; a 83.5% YoY
growth
Consolidated EBITDA for Q3 FY23 at ₹ 8.78 crore; a 71.8% YoY growth
Consolidated PAT for Q3FY23 at ₹5.75 crore; a 78.6% YoY growth
9 months FY23 PAT doubled to ₹18.35 crore
Consolidated Total Income for Q3 FY23 at ₹ 107.05 crore; a 83.5% YoY
growth
Consolidated EBITDA for Q3 FY23 at ₹ 8.78 crore; a 71.8% YoY growth
Consolidated PAT for Q3FY23 at ₹5.75 crore; a 78.6% YoY growth
Demand upbeat for automobiles will keep the growth momentum very high.
Quality products which is clearly reflected in the top line. Capacity addition will further add to revenues in Q4FY23.
Quality products which is clearly reflected in the top line. Capacity addition will further add to revenues in Q4FY23.
They have Joint Ventures with global leaders like Suzuki Motor Corporation, Japan; Maruti Suzuki
India; Toyo Seats, Japan, and Toyota Boshoku
Business association with Bharat Seats Ltd a
joint venture with MSIL and SMC Japan, over
three decades.
India; Toyo Seats, Japan, and Toyota Boshoku
Business association with Bharat Seats Ltd a
joint venture with MSIL and SMC Japan, over
three decades.
Their manufacturing facilities are world class
Its a a preferred and reliable source of four-wheeler
seating, two-wheeler seating, and railway
seating. State-of-the-art two-wheeler frame
manufacturing facility with Robotic welding,
Special Purpose Welding.
Its a a preferred and reliable source of four-wheeler
seating, two-wheeler seating, and railway
seating. State-of-the-art two-wheeler frame
manufacturing facility with Robotic welding,
Special Purpose Welding.
The management is looking for opportunities in railway seating, which can be huge.
Healthy increase in sales and profit
CAPEX for both Bengaluru and Gujrat plants is around 30 cr. The Bengaluru plant started around August 22.
The bengaluru plant is mainly for Toyota.
Gujrat plant will commence from march 2023
The bengaluru plant is mainly for Toyota.
Gujrat plant will commence from march 2023
Next quarter there will be better capacity utilization. Following quarter Revenue will improve due to Maruthi's new launches.( Jimmy and Fronx Models)
Hoping for great results in the coming quarters as well!
Hope you liked the business analysis, like and retweet for max outreach
Hope you liked the business analysis, like and retweet for max outreach
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