NDR Auto Components Ltd – Investor Presentation Summary

Key Operational Highlights

  • Standalone order book as on September 30, 2026 stands at Rs. 1,150 crore
  • Includes Rs. 500 crore orders won in Q2 FY27 towards seating and other varied auto components
  • Order inflow of Rs. 540 crore across Seating Solutions, Ambient Lightning, Sunshades and other auto components
  • NDR Hayashi order book stands at Rs. 40 crore as of September 30, 2026
  • 5 manufacturing facilities with ~5,000+ strong workforce
  • Manufacturing footprint includes Pathredi (Haryana), Naviyani (Gujarat), Bengaluru (Karnataka), Ananthpur (Andhra Pradesh), and Gurugram (Haryana)

Key drivers of operational performance: New programmes, premiumisation and OEM diversification supporting growth

Financial Highlights

Q2 FY27 Performance:

Revenue: Rs. 244.02 crore (22.0% YoY growth)

EBITDA: Rs. 27.47 crore (21.7% YoY growth)

PAT: Rs. 19.78 crore (33.2% YoY growth)

EBITDA Margin: 11.1%

PAT Margin: 8.0%

PBT: Rs. 24.95 crore (27.3% YoY growth)

PBT Margin: 10.1%

H1 FY27 Performance:

Revenue: Rs. 465.47 crore (20.8% YoY growth)

EBITDA: Rs. 53.92 crore (25.3% YoY growth)

PAT: Rs. 36.18 crore (27.2% YoY growth)

EBITDA Margin: 11.5%

PAT Margin: 7.7%

PBT: Rs. 46.05 crore (24.3% YoY growth)

PBT Margin: 9.8%

Drivers of financial performance: Efficiencies help sustain operating margins with EBITDA increase by 25.29% and PAT increase by 27.22% YoY

Capacity Expansion & Capex

Approved Expansion Projects:

  • Expansion at NDR Gujarat approved: Investment 13.31 Cr, Expected payback: 2.96 years
  • Capacity expansion in Kharkhoda, Haryana: Investment 7.19 Cr, Expected payback: 2.87 years

Execution Pipeline - Expansion Projects (Total Project Cost: Rs. 62.96 Cr):

  • Seat Insert Support Fabric at NDR Auto Safety/Manesar: Rs. 21.89 Cr, Capacity: 6 Mn pcs p.a., Expected SOP: Jan-27
  • Seat Latch at NDR Auto/Pathredi: Rs. 17.43 Cr, Capacity: 3 Mn pcs p.a., Expected SOP: Jan-27
  • Seat Belt Reminder System at NDR Auto/Gujarat: Rs. 7.43 Cr, Capacity: 1.5 Mn pcs p.a., Expected SOP: Jan-27
  • Seat Trims and Seat Frames at NDR Naviyani, Gujarat: Rs. 13.31 Cr, Capacity: 0.35 Mn pcs p.a., Expected SOP: Dec-27
  • Varied Auto Components at NDR Kharkhoda: Rs. 7.19 Cr, Capacity: 1.5 Mn pcs p.a., Expected SOP: Oct-27

Joint Ventures & Strategic Partnerships

NDR Hayashi Automotive India Private Limited (NHI):

  • 50:50 joint venture between NDR Auto Components Limited and Japan's Hayashi Telempu Corporation
  • Incorporated in October 2025
  • Rs 32 cr investment towards the JV till date in equal proportion by both parties
  • Bengaluru facility commenced operations in June 2026, initially manufacturing sunshades
  • Product scope includes ambient lighting, floor carpets, dash inner components, rear shades, tonneau covers and other NVH components
  • Target OEM customers: Suzuki, Toyota and Honda

JV with DYA, Korea:

  • NDR has 51% stake in the NDR–DYA JV with investment of Rs. 62.96 crore
  • South Korean automotive seating manufacturer, formerly known as Dayou A-Tech
  • Headquartered in Gwangju, Korea with seating manufacturing operations in Gwangju and Hwaseong
  • Product portfolio includes complete seat assemblies, foam products and headrests
  • Key customers include Hyundai Motor, Kia and KG Mobility
  • Supplies seating for models including Kia Seltos, Sportage and K9; Hyundai Casper; and KGM Rexton and Rexton Sports

Balance Sheet Snapshot (H1 FY27)

Net Fixed Assets: Rs. 193.44 crore

Capital Work-in-Progress: Rs. 38.97 crore

Total Non-Current Assets: Rs. 401.18 crore

Inventories: Rs. 52.39 crore

Trade Receivables: Rs. 136.27 crore

Cash & Bank Balance: Rs. 6.28 crore

Total Current Assets: Rs. 206.18 crore

Total Assets: Rs. 607.36 crore

Equity Share Capital: Rs. 23.79 crore

Other Equity: Rs. 360.71 crore

Total Equity: Rs. 384.49 crore

Total Borrowings: Rs. 0.00 crore

Other Liabilities: Rs. 222.9 crore

Total Liabilities: Rs. 607.36 crore

Manufacturing Capabilities

  • Fully integrated processes for high-quality seating and interior solutions
  • Manufacturing for wide range of seat and structural components
  • Pipe bending and notching for seat and interior components
  • Welding of seat frames and related components (including MAG and spot welding)
  • Poka Yoke systems for quality control
  • Automated cutting for leather, artificial leather, PVC, fabric and carpets
  • Stitching for seat covers and interior trims
  • End-to-end assembly of automobile seats for 2-wheelers and 4-wheelers
  • Complete product subjected to 34 critical & safety tests
  • In-house testing facilities for metal and trim components

Leadership Team

Board of Directors:

  • Mr. Sanjiv Kapur - Chairman
  • Mr. Rishabh Relan - Co-Chairman
  • Mr. Rajat Bhandari - Executive Director and Company Secretary
  • Ms. Deepa Gopalan Wadhwa - Independent Director
  • Ms. Shyamla Khera - Independent Director
  • Ms. Vanita Chhabra - Independent Director

Key Senior Management:

  • Rajiv Arora - Group CEO (Over 30 years experience)
  • Vikram Krishna Rathi - Group CFO (Chartered Accountant and MBA)
  • Kathirvel Mani - Operations Head (Over 29 years experience)
  • Akira Furukawa - Group CTO (Over 34 years experience, worked at Suzuki Japan)

Strategic Outlook

Industry Trends:

  • Utility vehicles continue to lead PV growth, supporting demand for feature-rich vehicle content
  • FY27 two-wheeler industry volume expected to grow 7—9%, with exports expected to outpace domestic growth
  • Auto-component exports reached US$24 bn in FY26
  • Increasing localisation and India's manufacturing scale support the component ecosystem

Strategic Priorities:

  • Premiumisation & UV Mix
  • Strong Two-Wheeler Outlook
  • Localisation & Export Opportunity