NDR Auto Components Ltd

- 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.

- 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).

- 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.

- 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.

- 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.