Any current/future new fundraising through debt or equity?

There is no specific mention of any current or future fundraising plans through debt or equity in the provided transcript. The company discusses CAPEX plans of around Rs. 30-40 crores for FY '24, primarily for expanding the Gujarat plant and supporting a new high-value model. No references were made about raising funds via new debt or equity issuances during the Q&A or closing comments. The company focuses on operational growth, capacity expansion, and sustaining margins without indicating external fundraising. Dividend policy is maintained at approximately 10% of profits, indicating retained

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

FY '23 CAPEX: ₹30 crores in Bangalore, ₹20 crores in Gujarat, plus property purchase in Kharkoda near Maruti Suzuki's new facility. FY '24 CAPEX plan: ₹30-40 crores, primarily in Gujarat to support a new high-value model. Gujarat plant expected to add ₹70-80 crores revenue in FY '24. Bangalore plant full capacity potential: ~₹200 crores revenue. Gujarat plant current capacity potential: ~₹70-80 crores revenue. New model coming next year (details to be announced by Maruti Suzuki) expected to significantly enhance revenue. No application for PLI scheme, but the Company is exploring new opportuni

Future growth expectations in sales/revenue/volumes?

Current momentum in sales is expected to sustain provided there is no chip shortage or other extraneous factors. Revenue growth is anticipated around Rs. 130 crore going forward if conditions remain stable. The Gujarat plant is projected to add Rs. 70-80 crore in revenue in the next fiscal year, with Bangalore plant contributing fully. New high-value models like Maruti's Jimny and Fronx are expected to enhance revenue. Capacity utilization ramp-up to 60-70% by the end of FY '24 is considered achievable. Expansion into BIW segment and potential new customers/products are under evaluat

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

The company expects to sustain current revenue momentum, targeting around Rs. 130 crore going forward barring extraneous factors like chip shortages (Page 17). Q4 revenue run rate is considered a base, with anticipated quarter-on-quarter growth due to new models like Jimny and Fronx (Page 16). EBITDA margins are expected to be maintained around 10% going forward (Page 6). Dividend policy aims for about 10% of profits as dividends consistently (Pages 6, 17). With expanded capacities including Bangalore and Gujarat plants, revenue potential at full capacity could reach Rs. 500-600 crore or more

Current/ Expected Orderbook/ Pending Orders?

The company is optimistic about securing new contracts for upcoming launches of key clients, particularly with Maruti Suzuki and Toyota. There are one or two Requests for Quotations (RFQs) from other Original Equipment Manufacturers (OEMs), but these are in early stages and may take one or two quarters to materialize. Management is evaluating opportunities in the off-highway commercial vehicle segment and exports, but nothing has materialized yet. The Gujarat facility recently commenced operations with a new high-value model (FRONX), expected to add Rs. 70-80 crore in revenue for FY '24. Exist

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NDR Auto Components LtdQ1 FY24Auto Components

NDR Auto Components Ltd Q1 FY24 Earnings Call Analysis

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

Price: ₹830P/E: 30.9Market Cap: ₹1.9K CrSector: Auto Components

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

N/A

Order

Yes

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 3

→Current momentum in sales is expected to sustain provided there is no chip shortage or other extraneous factors.
→Revenue growth is anticipated around Rs. 130 crore going forward if conditions remain stable.
→The Gujarat plant is projected to add Rs. 70-80 crore in revenue in the next fiscal year, with Bangalore plant contributing fully.
→New high-value models like Maruti's Jimny and Fronx are expected to enhance revenue.
→Capacity utilization ramp-up to 60-70% by the end of FY '24 is considered achievable.
→Expansion into BIW segment and potential new customers/products are under evaluation for higher wallet share.
→Growth remains directly linked with Maruti Suzuki and Toyota, catering to approximately 33% of Maruti's seating needs.
→Production run rate and Q4 revenue levels are being used as a base for future growth estimates.

Margin guidance

Category 3

→The company expects to sustain current revenue momentum, targeting around Rs. 130 crore going forward barring extraneous factors like chip shortages (Page 17).
→Q4 revenue run rate is considered a base, with anticipated quarter-on-quarter growth due to new models like Jimny and Fronx (Page 16).
→EBITDA margins are expected to be maintained around 10% going forward (Page 6).
→Dividend policy aims for about 10% of profits as dividends consistently (Pages 6, 17).
→With expanded capacities including Bangalore and Gujarat plants, revenue potential at full capacity could reach Rs. 500-600 crore or more (Page 7).
→EBITDA growth in FY '23 was 75.79%, and profit after tax grew 85.89%; these positive trends indicate room for continued profitability improvement (Page 4).
→The company plans adding new models and products to enhance wallet share which could improve earnings (Page 16).

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Fundraise plans

→There is no specific mention of any current or future fundraising plans through debt or equity in the provided transcript.
→The company discusses CAPEX plans of around Rs. 30-40 crores for FY '24, primarily for expanding the Gujarat plant and supporting a new high-value model.
→No references were made about raising funds via new debt or equity issuances during the Q&A or closing comments.
→The company focuses on operational growth, capacity expansion, and sustaining margins without indicating external fundraising.
→Dividend policy is maintained at approximately 10% of profits, indicating retained earnings are likely used for growth investments.
→Overall, no announced or planned fundraising through debt or equity is disclosed in this transcript.

Order book

Yes

→The company is optimistic about securing new contracts for upcoming launches of key clients, particularly with Maruti Suzuki and Toyota.
→There are one or two Requests for Quotations (RFQs) from other Original Equipment Manufacturers (OEMs), but these are in early stages and may take one or two quarters to materialize.
→Management is evaluating opportunities in the off-highway commercial vehicle segment and exports, but nothing has materialized yet.
→The Gujarat facility recently commenced operations with a new high-value model (FRONX), expected to add Rs. 70-80 crore in revenue for FY '24.
→Existing orders include supply for popular vehicle models like Brezza, Ciaz, Wagon R, Swift Dzire, Grand Vitara, Jimny, and Toyota Hyryder.
→Sustained run-rate revenue of around Rs. 130 crore is expected going forward, assuming no chip shortages or extraneous factors.

Capex plans

Yes

→FY '23 CAPEX: ₹30 crores in Bangalore, ₹20 crores in Gujarat, plus property purchase in Kharkoda near Maruti Suzuki's new facility.
→FY '24 CAPEX plan: ₹30-40 crores, primarily in Gujarat to support a new high-value model.
→Gujarat plant expected to add ₹70-80 crores revenue in FY '24.
→Bangalore plant full capacity potential: ~₹200 crores revenue.
→Gujarat plant current capacity potential: ~₹70-80 crores revenue.
→New model coming next year (details to be announced by Maruti Suzuki) expected to significantly enhance revenue.
→No application for PLI scheme, but the Company is exploring new opportunities.
→Production capacity utilization is around 80% for NCR and Bangalore, Gujarat plant just started.

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

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1NDR Auto Components Ltd

Rev 3Mar 3

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