NDR Auto Components Ltd

- There is no mention of any current or planned fundraising through debt or equity in the transcript. - The company discusses capital expenditure (CAPEX) plans primarily funded for growth initiatives such as KIA business, shade business, and seating business. - CAPEX investments mentioned total around Rs. 24-25 crore, aimed at supporting new orders and revenue expansion. - The focus appears to be on organic growth funded through operational cash flows rather than external fundraising. - No specific references to new debt issuance or equity fundraising were made during the call or in the transcript.

- NDR Auto Components has ongoing and planned capital expenditure primarily for new business segments: KIA new model and shade business. - Capital work in progress stands at Rs. 24.27 crore as of the latest quarter. - CAPEX breakdown: Rs. 7-8 crore for KIA business, Rs. 7-8 crore for shade business, and Rs. 20-25 crore for seating business. - These investments are expected to support revenue growth of Rs. 250-300 crore in the next year. - The company has acquired approximately 25 acres of land at MITL AURIC Bidkin, Chhatrapati Sambhajinagar, Maharashtra, costing around Rs. 37.63 crore. - Additional land acquired earlier: 10 acres at Kharkhoda; exploring land acquisition near KIA’s manufacturing facility in Anantapur. - These strategic land acquisitions are aimed at enhancing operational efficiency and catering to OEM customer requirements. - Revenue impact from these investments is expected to materialize from FY26 onwards.

- Current order book is around Rs. 400-450 crore, expected to be executed over 1.5 to 2 years. - New orders include Rs. 50 crore BIW business and Rs. 100 crore seating program, mainly with Maruti Suzuki. - Revenue growth driven by addition of Rs. 250-300 crore top line from new capacity and businesses expected next year, subject to market conditions. - Capacity utilization currently at 80-85%, with expected ramp-up in orders related to KIA (January 2025), sun shade (January 2025), and Maruti EV (March 2025). - Expansion of business footprint and operational efficiencies targeted to improve margins from current 10.6% to 12% EBITDA margin over 1.5-2 years. - Anticipate a slight industry slowdown in near term (next 1-2 quarters), but medium to long-term outlook remains strong. - Capex investments in land and facilities to support growth and new OEM partnerships underway.

- NDR Auto targets EBITDA margin expansion from the current 10.6% to 12% over the next 1.5 to 2 years. - Revenue growth driven by new order book of Rs.400-450 crore to be executed over 1.5 to 2 years. - New business with KIA and shade orders expected to ramp up starting January 2025, with EV program pickup by March 2025. - Expected revenue addition of Rs.250-300 crore from new seating, KIA, and shade businesses, largely in FY26. - Capacity utilization currently strong at 80-85%, supporting margin and volume growth. - Management remains optimistic on opportunities and long-term growth despite near-term auto sector slowdown. - Operational efficiencies and better utilization of existing footprint to drive margin and profit expansion. - Earnings and PAT have grown approximately 15-26% year-on-year in current quarters, with expectations of continued growth aligned with order ramp-up.

- Current order book is around Rs. 400 crore to Rs. 450 crore. - This includes an increment from Rs. 250-300 crore last quarter. - Incremental orders include Rs. 50 crore for BIW (Body-in-White) business and Rs. 100 crore for a new seating program. - Both BIW and seating orders are with Maruti Suzuki. - BIW order expected to be executed within 1 to 1.5 years. - Seating order expected to be executed within 2 years. - Overall order book expected to be executed over 1.5 to 2 years. - New orders and ramp-ups (including KIA and shade programs) expected to ramp up mostly by Q4 FY25 and Q1 FY26.