Financial Performance Highlights
NDR Auto Components reported strong FY26 results with standalone revenue growing 15.15% to ₹8,274.026 crore and net profit increasing 17.67% to ₹530.494 crore. Basic EPS stood at ₹22.30. The board recommended a final dividend of ₹4 per share (40% payout), significantly higher than the previous year's ₹2.75 per share.
Key financial ratios showed improvement with net profit margin at 6.41% (up from 6.27%) though return on net worth declined to 19.48% from 20.80%. The company maintained a healthy debt-equity ratio of 0.11.
AGM and Corporate Governance
The 7th Annual General Meeting is scheduled for July 27, 2026, via video conference. Key agenda items include adoption of financial statements, dividend declaration, and reappointment of three whole-time directors - Mr. Pranav Relan, Mr. Ayush Relan, and Mr. Rajat Bhandari - with revised remuneration terms including basic salaries ranging from ₹5.84 lakhs to ₹10 lakhs per month with 10% annual increments.
Corporate Developments and Expansion
The company expanded operations through new wholly-owned subsidiaries (NDR Auto Components Safety Systems and NDR Auto Components South) and established a 50:50 joint venture with Hayashi Telempu Corporation, Japan. A significant development involves the planned carve-out of the Sunshade business to the joint venture NDR Hayashi Automotive India, expected to be completed within three months.
Capital expenditure included ₹932.381 lakhs in property, plant and equipment additions with ₹818.54 lakhs in capital work in progress. The company also completed a promoter share transfer of 1,73,95,361 equity shares (73.13%) to Rohit Relan Family Trust with SEBI exemption.
Regulatory and Legal Matters
Auditors highlighted an emphasis of matter regarding an ongoing Income Tax search under Section 132, with demand orders totaling ₹502.20 lakhs (excluding penalties) for AY 2020-21 to 2024-25. The company is also facing GST disputes regarding HSN classification of two-wheeler seats with demands of ₹496.26 lakhs for April 2020-January 2024 and additional ₹155.29 lakhs for November 2024-September 2025. All amounts have been deposited under protest with appeals being filed.
Related Party Transactions and Investments
Significant transactions include sales to associate Bharat Seats Limited of ₹48,657.48 lakhs and dividend income of ₹198 lakhs. The company holds a 28.66% investment in Bharat Seats Limited valued at ₹6,548.78 lakhs, with aggregate market value of quoted investments at ₹25,345.80 lakhs.
Employee Benefits and CSR
Defined benefit plans show gratuity obligation of ₹199.05 lakhs with net liability of ₹150.91 lakhs. CSR expenditure amounted to ₹92 lakhs (2% of average net profit) through the NDR Auto & BSL Foundation.
The company has complied with all statutory requirements including no benami property proceedings, not being declared a wilful defaulter, and proper registration of all charges with ROC.