NDR Auto Components Ltd. (NDRAUTO) AI Stock Analysis

• Market Cap: ₹16.21B
• Dividend Yield: 0.33%
• Average Volume (3M): 3.48K
• Price to Earnings (P/E): 32.6
• Beta (1Y): 1.89
• Revenue Growth: 13.68%
• EPS Growth: 33.44%
• Country: IN
• Employees: 273
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Auto - Parts
• EPS (TTM): 6.39
• Shares Outstanding: 23,785,303
• 10 Day Avg. Volume: 6,064
• 30 Day Avg. Volume: 3,482
• PEG Ratio: 0.81
• Price to Book (P/B): 5.36
• Price to Sales (P/S): 2.27
• P/FCF Ratio: 45.18
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ₹699.00 ▼(-12.29% Downside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is primarily supported by strong financial performance (growth, improving profitability, and stronger cash flows), but is held back by weak technicals with the stock trading below key moving averages and a negative MACD. Valuation is also a moderate headwind due to a relatively high P/E and low dividend yield.

Positive Factors

Sustained Revenue & Margin Improvement

The company has delivered multi-year revenue expansion alongside rising gross and net margins. This combination implies improving unit economics and operational leverage, supporting durable profitability if volumes or pricing power sustain, and enabling reinvestment in growth or margin-defending measures.

Improved Cash Generation & Positive FCF

Material improvement in operating cash flow and positive free cash flow strengthen financial flexibility. Reliable cash generation supports capex funding, debt servicing, and strategic investments without recurring equity raises, improving long-term resilience and options for shareholder returns or M&A.

Healthy Balance Sheet and Improving ROE

A solid equity base and manageable leverage provide buffer against cyclical downturns and lower refinancing risk. Improving ROE signals better capital deployment, enabling growth funding from internal resources and preserving strategic optionality for capital allocation over multiple quarters.

Negative Factors

Margin Sustainability & Liability Risks

Although margins have improved, the company explicitly notes margin sustainability and liabilities as watch items. If cost inflation, pricing pressure, or higher working capital needs re-emerge, margins and cash flow could compress, testing operating resilience and ability to fund growth internally.

Cyclical Exposure and Earnings Volatility

A high beta reflects material sensitivity to economic and auto-cycle swings, implying earnings and cash flows can be volatile across cycles. For an auto-parts business this raises downside risk to operating cash generation and working capital needs during demand slowdowns, affecting multi-quarter stability.

Limited Management Guidance / Visibility

The absence of forward guidance and public highlights reduces investor visibility into near-term strategy and cadence. Limited disclosure complicates forecasting and long-horizon scenario planning, which can hamper confidence in management's roadmap and make it harder to assess execution risk over the next several quarters.

NDR Auto Components Ltd. Business Overview & Revenue Model

Company Description

NDR Auto Components Limited engages in the manufacturing, fabricating, assembling, selling, and trading of automotive components for passenger and utility vehicles in India. It provides seat frames and seat trims for two-wheeler and four-wheeler vehicles, as well as body in white parts. The company was incorporated in 2019 and is headquartered in Gurugram, India.

How the Company Makes Money

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NDR Auto Components Ltd. Financial Statement Overview

Summary

Strong overall fundamentals supported by high Income Statement (85) and Cash Flow (82) scores, reflecting solid revenue growth, improving profitability/margins, and strengthening operating/free cash flow. Balance Sheet strength is good (78) with manageable leverage, though liabilities and margin sustainability remain key watch items.

Income Statement

NDR Auto Components Ltd. has demonstrated strong revenue growth with a consistent upward trajectory over the years, highlighted by a significant increase in total revenue from 2020 to 2025. The gross profit margin and net profit margin have improved, indicating enhanced profitability. The EBIT and EBITDA margins also reflect operational efficiency improvements. However, the company should remain vigilant about maintaining these margins in a competitive industry.

Balance Sheet

The company maintains a healthy balance sheet with a strong equity base and a manageable level of debt, as evidenced by a low debt-to-equity ratio. The return on equity has shown improvement, suggesting effective use of equity capital. The equity ratio indicates a solid financial structure, but the company should continue to monitor its liabilities to ensure long-term financial stability.

Cash Flow

NDR Auto Components Ltd. has shown a robust improvement in operating cash flow, which has grown significantly over the years. The free cash flow has also turned positive, indicating better cash management. The operating cash flow to net income ratio suggests strong cash generation relative to reported earnings. However, the company should continue to focus on optimizing capital expenditures to sustain free cash flow growth.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	7.27B	7.13B	6.02B	3.93B	2.33B	1.14B
Gross Profit	1.80B	1.70B	1.32B	922.79M	522.56M	43.71M
EBITDA	858.01M	733.24M	562.30M	456.56M	262.83M	140.94M
Net Income	553.20M	532.58M	387.13M	281.07M	148.87M	85.32M
Balance Sheet
Total Assets	0.00	4.86B	3.96B	3.44B	2.50B	2.23B
Cash, Cash Equivalents and Short-Term Investments	627.71M	628.68M	345.22M	524.12M	514.42M	854.87M
Total Debt	0.00	324.14M	311.69M	337.23M	129.67M	44.36M
Total Liabilities	-3.02B	1.84B	1.43B	1.26B	589.77M	447.27M
Stockholders Equity	3.02B	3.02B	2.54B	2.18B	1.91B	1.78B
Cash Flow
Free Cash Flow	0.00	358.36M	-68.49M	20.36M	-286.99M	-164.83M
Operating Cash Flow	0.00	838.23M	274.12M	481.83M	5.47M	-17.67M
Investing Cash Flow	0.00	-424.92M	-62.43M	-345.71M	-36.84M	9.93M
Financing Cash Flow	0.00	-124.20M	-83.48M	-54.55M	1.52M	-5.69M

NDR Auto Components Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 796.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NDRAUTO, the sentiment is Negative. The current price of 796.95 is above the 20-day moving average (MA) of 726.44, above the 50-day MA of 731.80, and below the 200-day MA of 918.26, indicating a bearish trend. The MACD of -20.78 indicates Positive momentum. The RSI at 46.80 is Neutral, neither overbought nor oversold. The STOCH value of 37.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NDRAUTO.

NDR Auto Components Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RSWM	66 Neutral	₹6.32B	73.65	―	―	5.54%	―
TVSSRICHAK	66 Neutral	₹27.83B	72.23	―	0.40%	8.03%	-57.44%
NDRAUTO	63 Neutral	₹16.21B	32.60	―	0.33%	13.68%	33.44%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
RICOAUTO	60 Neutral	₹14.37B	42.56	―	0.39%	3.68%	14.13%
VENKEYS	54 Neutral	₹17.51B	11.00	―	0.69%	-1.16%	-78.82%

NDR Auto Components Ltd. Corporate Events

NDR Auto Components Opens Special Window for Transfer and Demat of Physical Shares

NDR Auto Components Limited has notified the stock exchanges that it has published a newspaper notice about the opening of a special window for transfer and dematerialisation of physical securities. The notice, issued pursuant to a recent SEBI circular and listing regulations, has been carried in Financial Express and Jansatta, signaling an administrative step to facilitate compliance by shareholders still holding physical share certificates and to support the broader market move toward full dematerialisation.

While the announcement does not alter the company’s core operations, it underscores adherence to evolving SEBI norms and aims to streamline the share transfer process. The special window is expected to reduce friction for legacy investors, improve record-keeping and transparency in the company’s shareholding structure, and align NDR Auto Components more closely with best practices in India’s capital markets.

NDR Auto Components Clears Q3 FY26 Results, Updates CSR Policy

NDR Auto Components Ltd.’s board has approved the company’s unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, with the auditors’ limited review report raising no qualifications, adverse remarks or modified opinions, signaling clean financial disclosures for the period. The board also cleared a revised Corporate Social Responsibility policy, indicating an updated approach to CSR compliance and governance, while classifying the board’s decisions as price-sensitive information under SEBI’s insider trading framework.

NDR Auto Components Clears Q3 FY26 Results, Updates CSR Policy

NDR Auto Components Ltd. said its board has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, with the statutory auditors issuing limited review reports that carried no qualifications, adverse remarks or modified opinions, underscoring the integrity of the company’s interim financial disclosures. The board also cleared a revised Corporate Social Responsibility policy, signaling an updated framework for the company’s CSR initiatives at a time when governance and compliance standards remain in sharp focus for listed auto-component manufacturers and their stakeholders.

NDR Auto Components Faces Rs 47.5 Lakh Tax Penalty, Says No Material Impact Expected

NDR Auto Components Ltd. has disclosed that it received three orders from the Income Tax Department’s Deputy Commissioner of Income Tax, Central Circle-19, Delhi, relating to the assessment years 2021-22, 2023-24 and 2024-25. The company has been hit with a penalty order of Rs 47.52 lakh for assessment year 2021-22 under Section 271DA read with Section 269ST of the Income Tax Act, while the penalty proceedings for assessment years 2023-24 and 2024-25 have been dropped. Management stated it is in the process of filing an appeal against the 2021-22 penalty and, based on its own assessment and legal advice, does not expect any material impact on its financials, operations or other activities from the tax authority’s order.