Any current/future new fundraising through debt or equity?

No specific mention of any current or planned fundraising through debt or equity was made during the call. Capital expenditure is being funded internally, with an approved capex of approximately INR 20 crore for new programs with Maruti Suzuki. The company indicated having sufficient land and facilities for current and near-future growth, with no immediate need for new land acquisition or major fund raising. Cash on books is reported at INR 30-35 crore, suggesting a comfortable liquidity position to support ongoing operations and capex. Overall, the focus appears to be on organic growth withou

Any current/future capex/capital investment/strategic investment?

Board approved capex of approximately INR 20 crore towards new programs of Maruti Suzuki India Limited (Page 3). Capital work in progress amounting to INR 15 crore relates to new product development and new model advancements; advances made, with claims to be made once the SOP starts (Page 8). Major capex focus is on the Kharkoda facility, planned from existing footprint; new setups may follow post volume rationalization (Page 7). Gujarat facility investment is approximately INR 30 crore with capacity expansion planned; land available for further enhancement (Page 5). No immediate plans for ne

Future growth expectations in sales/revenue/volumes?

Order book of INR 150 to 200 crore expected to materialize over the next two years, driving top-line growth. Expansion focus on increasing market share, product portfolio diversification, and adding new customers, especially in four-wheeler segment. Bangalore plant, a key growth driver, operating at 85-90% capacity with plans for further scaling. Gujarat facility ramp-up expected to improve capacity utilization from 50% currently, with full utilization projected next year. No immediate plan for new land or buildings; existing capacity targets production of 250,000 to 300,000 units per annum wi

Future growth expectations in earnings/operating earnings/profits/EPS?

The company expects to maintain EBITDA margins at about 10%. Top-line growth is expected to be supported by an order book of INR 150-200 crore over the next two years. Profit after tax showed a 48.91% increase in H1 FY24, indicating strong profitability growth momentum. Earnings Per Share (EPS) for Q2 FY24 stood at 8.67, reflecting robust earnings performance. Growth drivers include deepening relationships with major OEMs like Maruti Suzuki and Toyota, expanding product portfolios beyond seats and BIW, and adding new customers. New product developments and order inflows are expected to contrib

Current/ Expected Orderbook/ Pending Orders?

Current order book is approximately INR 150 crore to INR 200 crore. This order book represents new orders expected to come into effect over the next two years. The order book is annual and consists of long-term orders. There are also shorter-term orders executed using existing capacity. Order book excludes existing running orders. New orders include expansion into new product lines beyond seats and BIW, plus new customers. Management will announce updates once formal LOIs or new orders are confirmed. The INR 150-200 crore order book does not include shorter-term deliverables or o

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NDR Auto Components LtdQ3 FY23Auto Components

NDR Auto Components Ltd Q3 FY23 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹840P/E: 30.9Market Cap: ₹1.9K CrSector: Auto Components

Management growth scorecard

Revenue

Category 2

Margin

Category 3

Fundraise

N/A

Order

Yes

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 2

→Order book of INR 150 to 200 crore expected to materialize over the next two years, driving top-line growth.
→Expansion focus on increasing market share, product portfolio diversification, and adding new customers, especially in four-wheeler segment.
→Bangalore plant, a key growth driver, operating at 85-90% capacity with plans for further scaling.
→Gujarat facility ramp-up expected to improve capacity utilization from 50% currently, with full utilization projected next year.
→No immediate plan for new land or buildings; existing capacity targets production of 250,000 to 300,000 units per annum within a year.
→New product introductions beyond seats and BIW under development, with updates to be shared in due course.
→Expected consistent EBITDA margin of around 10%.
→Regulatory changes (three-point seat belts, airbags) may increase content per vehicle by 15-20% in lower vehicle segments.

Margin guidance

Category 3

→The company expects to maintain EBITDA margins at about 10%.
→Top-line growth is expected to be supported by an order book of INR 150-200 crore over the next two years.
→Profit after tax showed a 48.91% increase in H1 FY24, indicating strong profitability growth momentum.
→Earnings Per Share (EPS) for Q2 FY24 stood at 8.67, reflecting robust earnings performance.
→Growth drivers include deepening relationships with major OEMs like Maruti Suzuki and Toyota, expanding product portfolios beyond seats and BIW, and adding new customers.
→New product developments and order inflows are expected to contribute to sustained earnings growth.
→The Bangalore plant and other facilities are ramping up, supporting operational scalability and margin expansion.

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Fundraise plans

→No specific mention of any current or planned fundraising through debt or equity was made during the call.
→Capital expenditure is being funded internally, with an approved capex of approximately INR 20 crore for new programs with Maruti Suzuki.
→The company indicated having sufficient land and facilities for current and near-future growth, with no immediate need for new land acquisition or major fund raising.
→Cash on books is reported at INR 30-35 crore, suggesting a comfortable liquidity position to support ongoing operations and capex.
→Overall, the focus appears to be on organic growth without external fundraising in the immediate term.

Order book

Yes

→Current order book is approximately INR 150 crore to INR 200 crore.
→This order book represents new orders expected to come into effect over the next two years.
→The order book is annual and consists of long-term orders.
→There are also shorter-term orders executed using existing capacity.
→Order book excludes existing running orders.
→New orders include expansion into new product lines beyond seats and BIW, plus new customers.
→Management will announce updates once formal LOIs or new orders are confirmed.
→The INR 150-200 crore order book does not include shorter-term deliverables or ongoing orders.

Capex plans

Yes

→Board approved capex of approximately INR 20 crore towards new programs of Maruti Suzuki India Limited (Page 3).
→Capital work in progress amounting to INR 15 crore relates to new product development and new model advancements; advances made, with claims to be made once the SOP starts (Page 8).
→Major capex focus is on the Kharkoda facility, planned from existing footprint; new setups may follow post volume rationalization (Page 7).
→Gujarat facility investment is approximately INR 30 crore with capacity expansion planned; land available for further enhancement (Page 5).
→No immediate plans for new land acquisition; existing land and buildings sufficient unless significant new business or growth occurs (Page 5).
→Emphasis on expanding market share, product portfolio, and customer base, which could drive future capex requirements (Page 8-9).

How does NDR Auto Components Ltd rank vs peers in Auto Components?

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