Any current/future new fundraising through debt or equity?

There is no explicit mention of any current or planned fundraising through debt or equity in the transcript. Management discussed ongoing and planned capex (INR30-50 crore for new projects and INR40 crore+ for existing order book expansion) funded from internal accruals. No indication of raising external funds for these expansions; investments and JV spend appear to be phased and funded progressively. Focus remains on executing existing order books and capacity expansions without external fundraising announcements. Any specific fundraising plans have not been shared during the call; management

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

Current year capex planned is an additional INR 30-40 crore beyond ongoing projects. Total capex spent recently includes INR 102 crore in seat trims, frames, ambient light, seat latches, and seat belt reminder systems. Additional capex of INR 40-50 crore planned to execute the new order book, over and above the previous capex. Capex for NDR Auto includes project expansion and new product-related infrastructure like seat inserts, ambient lighting, shades, seat latches, and seat belt reminder systems. Hayashi JV has an approved project cost of INR 80 crore; currently invested about INR 3

Future growth expectations in sales/revenue/volumes?

Revenue for FY26 stood at approx. INR830 crore, with an order book of INR650 crore providing strong medium-term visibility. The order book includes multiple programs spanning 3 to 8 years, underscoring sustained revenue streams. Management expects similar growth trajectory for FY27, supported by new projects including eVitara and three more starting next year. Expansion into non-seating product lines like ambient lighting and seat belt reminder systems is underway, with initial revenues expected around INR10-20 crore, scaling up in future. Capex of INR30-50 crore planned for FY27 to ex

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

Revenue growth is expected to continue, with FY26 revenue around INR830 crore and an order book of INR650 crore providing medium-term visibility. New projects including eVitara and three additional projects starting next year are likely to sustain similar revenue growth momentum. NDR Auto anticipates scaling up revenue towards INR3,000 crore by FY30, with INR500 crore from existing products and customers, and additional orders expected in the coming 2-3 years. EBITDA margins are expected to be sustainable around the current level (~11.5% to 11.9%) despite startup costs for new products.

Current/ Expected Orderbook/ Pending Orders?

As of 31st March 2026, NDR Auto Components' order book stood at INR 650 crore, the highest in company history, providing strong medium-term revenue visibility. This order book includes new models primarily from Maruti Suzuki, with the eVitara model removed from the existing order book after production commenced. The INR 650 crore order book is expected to be executed over the next 7 to 8 years, covering multiple programs. Of the recent increase, INR 200 crore in order additions are entirely from Maruti Suzuki, contributing to increased market share. The order book is additive to the cu

NDR Auto Components LtdQ1 FY27

NDR Auto Components Ltd Q1 FY27 Earnings Call Analysis

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

Price: ₹817P/E: 31.4Market Cap: ₹2.0K Cr

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

→Revenue for FY26 stood at approx. INR830 crore, with an order book of INR650 crore providing strong medium-term visibility.
→The order book includes multiple programs spanning 3 to 8 years, underscoring sustained revenue streams.
→Management expects similar growth trajectory for FY27, supported by new projects including eVitara and three more starting next year.
→Expansion into non-seating product lines like ambient lighting and seat belt reminder systems is underway, with initial revenues expected around INR10-20 crore, scaling up in future.
→Capex of INR30-50 crore planned for FY27 to execute new orders and support capacity expansion.
→Long-term target for NDR Auto revenue is INR3,000 crore by FY30, with confidence in winning additional orders to reach this goal.
→Premiumization of the seat business is expected to increase content per vehicle by 40-50% over the next five years, supporting value growth.
→Increasing market share in marquee clients like Maruti Suzuki is driving incremental growth.

Margin guidance

Category 3

→Revenue growth is expected to continue, with FY26 revenue around INR830 crore and an order book of INR650 crore providing medium-term visibility.
→New projects including eVitara and three additional projects starting next year are likely to sustain similar revenue growth momentum.
→NDR Auto anticipates scaling up revenue towards INR3,000 crore by FY30, with INR500 crore from existing products and customers, and additional orders expected in the coming 2-3 years.
→EBITDA margins are expected to be sustainable around the current level (~11.5% to 11.9%) despite startup costs for new products.
→Capex of INR30-50 crore planned annually for expansion, supporting new product lines like seat inserts, ambient lighting, and seat latches, which contributes to revenue diversification and growth.
→Premiumization in seating products (e.g. artificial leather, power seats) likely to increase content per vehicle by 40-50% over 5 years, potentially improving profitability.
→Management maintains optimism about growth opportunities and operational performance.

3 more insights locked — sign up free to unlock

Fundraise plans

→There is no explicit mention of any current or planned fundraising through debt or equity in the transcript.
→Management discussed ongoing and planned capex (INR30-50 crore for new projects and INR40 crore+ for existing order book expansion) funded from internal accruals.
→No indication of raising external funds for these expansions; investments and JV spend appear to be phased and funded progressively.
→Focus remains on executing existing order books and capacity expansions without external fundraising announcements.
→Any specific fundraising plans have not been shared during the call; management prefers to provide updates as and when decisions are made.

Order book

Yes

→As of 31st March 2026, NDR Auto Components' order book stood at INR 650 crore, the highest in company history, providing strong medium-term revenue visibility.
→This order book includes new models primarily from Maruti Suzuki, with the eVitara model removed from the existing order book after production commenced.
→The INR 650 crore order book is expected to be executed over the next 7 to 8 years, covering multiple programs.
→Of the recent increase, INR 200 crore in order additions are entirely from Maruti Suzuki, contributing to increased market share.
→The order book is additive to the current revenue of approximately INR 830 crore.
→The company aims to add another INR 500 crore revenue from existing customers/products and is targeting INR 3,000 crore revenue by FY 30 based on the current and future order pipeline.
→New product orders such as seat belt reminder systems, seat latches, seat inserts, and ambient lighting are also part of the growth plan.

Capex plans

Yes

→Current year capex planned is an additional INR 30-40 crore beyond ongoing projects.
→Total capex spent recently includes INR 102 crore in seat trims, frames, ambient light, seat latches, and seat belt reminder systems.
→Additional capex of INR 40-50 crore planned to execute the new order book, over and above the previous capex.
→Capex for NDR Auto includes project expansion and new product-related infrastructure like seat inserts, ambient lighting, shades, seat latches, and seat belt reminder systems.
→Hayashi JV has an approved project cost of INR 80 crore; currently invested about INR 30 crore, with phased further investments planned as new orders come.
→Land acquired for expansion: 26 acres in Aurangabad and 9 acres in Kharkhoda to reduce setup costs for capacity expansion.
→Future capex contingent on bidding outcomes, especially for the Toyota expansion in Aurangabad.

How does NDR Auto Components Ltd rank vs peers in ?

Pro feature

1NDR Auto Components Ltd

Rev 3Mar 3

See full sector rankings

Want more stocks like NDR Auto Components Ltd?

Build an AI portfolio filtered by sector, market cap, and growth rank. Takes 2 minutes.

Build my portfolio