NDR Auto Components Ltd

NDR Auto Components Ltd

₹ 825 -0.47%
18 Apr 4:01 p.m.
About

NDR Auto Component 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 [1]
It was incorporated and listed in 2019 as a part of Rohit Relan Group. It was listed post demerger of the automobile seating business from Sharda Motor Industries Ltd [2]

Key Points

Product Portfolio
Co. manufactures products like Car Seat for passenger vehicles, Seat Frames and Seat Covers for 2-wheelers, Floor Carpets for Passenger vehicles, body sealing products, etc. [1]
The company is supplying seats for 11 Models across 3 OEMS as of Q1FY24.[2]

  • Market Cap 978 Cr.
  • Current Price 825
  • High / Low 988 / 284
  • Stock P/E 31.6
  • Book Value 143
  • Dividend Yield 0.30 %
  • ROCE 17.0 %
  • ROE 13.8 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 58.7 to 28.9 days.

Cons

  • Stock is trading at 5.78 times its book value
  • Company has a low return on equity of 9.12% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
30.59 52.19 44.14 53.38 55.43 79.59 63.04 93.76 105.73 130.26 127.63 157.62 140.27
28.35 49.04 41.47 50.03 53.24 73.87 58.50 84.88 98.26 119.41 116.13 142.27 127.33
Operating Profit 2.24 3.15 2.67 3.35 2.19 5.72 4.54 8.88 7.47 10.85 11.50 15.35 12.94
OPM % 7.32% 6.04% 6.05% 6.28% 3.95% 7.19% 7.20% 9.47% 7.07% 8.33% 9.01% 9.74% 9.23%
2.80 2.29 1.49 2.40 2.92 1.46 1.92 1.15 1.31 2.79 1.59 1.83 0.80
Interest 0.00 0.11 0.10 0.10 0.16 0.37 0.26 0.44 0.53 0.55 0.69 0.69 0.73
Depreciation 1.17 1.62 1.64 1.75 1.87 2.08 1.84 1.21 2.64 2.98 3.49 3.60 3.87
Profit before tax 3.87 3.71 2.42 3.90 3.08 4.73 4.36 8.38 5.61 10.11 8.91 12.89 9.14
Tax % 25.84% 31.27% 20.25% 20.51% 28.25% 25.16% 20.64% 26.85% 23.89% 25.72% 24.80% 23.27% 25.49%
2.86 2.55 1.93 3.10 2.22 3.54 3.46 6.13 4.26 7.50 6.70 9.90 6.81
EPS in Rs 2.40 2.14 1.62 2.61 1.87 2.97 2.91 5.15 3.58 6.30 5.63 8.32 5.73
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
97 114 233 393 556
97 108 218 360 505
Operating Profit -1 6 15 33 51
OPM % -1% 6% 6% 8% 9%
9 8 7 6 7
Interest 0 0 1 2 3
Depreciation 7 5 7 9 14
Profit before tax 1 10 14 28 41
Tax % -68% 27% 24% 25%
2 7 11 21 31
EPS in Rs 1.40 5.83 9.08 17.95 25.98
Dividend Payout % 0% 9% 14% 14%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 60%
TTM: 62%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 137%
TTM: 78%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 104%
1 Year: 173%
Return on Equity
10 Years: %
5 Years: %
3 Years: 9%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 6 6 6 6
Reserves 127 134 144 164
0 4 13 34
19 40 46 92
Total Liabilities 152 184 209 296
33 41 47 133
CWIP 0 3 32 13
Investments 2 2 2 3
117 138 128 146
Total Assets 152 184 209 296

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023
3 -2 1 48
-10 1 -4 -35
-1 -1 0 -5
Net Cash Flow -7 -1 -3 8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 23 99 48 29
Inventory Days 35 53 44 48
Days Payable 80 154 84 91
Cash Conversion Cycle -22 -1 8 -14
Working Capital Days 3 26 43 -12
ROCE % 7% 10% 17%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.93% 73.95% 73.95% 73.95% 73.95% 73.95% 73.95% 73.95% 73.95% 73.06% 73.06% 73.06%
0.14% 0.00% 0.00% 0.00% 0.84% 0.84% 0.24% 0.00% 0.00% 0.01% 0.01% 0.00%
0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25.92% 26.05% 26.05% 26.05% 25.21% 25.21% 25.80% 26.06% 26.05% 26.93% 26.95% 26.95%
No. of Shareholders 7,3486,2065,9985,9656,4506,3846,8858,37811,90112,95313,91715,754

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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