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Revenue
₹229 Cr
verified against source
Revenue YoY
19%
reported change
EBITDA
₹27.36 Cr
latest reported figure
Source
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record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Ndr Auto Components delivered a strong Q4 FY26 with total income of ₹229.89 crore (+19% YoY) and EBITDA of ₹27.36 crore (+25% YoY), achieving record EBITDA margins of 11.90%. The order book surged to ₹650 crore (highest ever), driven entirely by new Maruti Suzuki model wins, providing revenue visibility through 2030. Management highlighted premiumization trends (ventilated/power seats) and expansion into non-seating products like ambient lighting and sunshades via the Hayashi JV. Capex of ₹150 crore is underway for new product lines, with an additional ₹40-50 crore for existing order book execution. The company raised its FY30 revenue target to ₹3,500 crore. Risks include potential margin pressure from commodity inflation and execution delays in new product ramp-ups.
Colored figures show movement against the previous available record.
Guidance to track
- Management raised the long-term revenue target from ₹3,000 crore to ₹3,500 crore by FY30, driven by order book and premiumization.
- Management confirmed that current EBITDA margins of ~12% are sustainable, supported by indexed commodity contracts and productivity improvements.
- Planned capex for seat inserts, ambient lighting, sunshades, and seat belt reminder systems, with ₹40-50 crore additional for existing order book.
- Seat belt reminder, seat latch, and seat insert production to start January 2027, with gradual ramp-up.
Risks flagged
- Rising raw material costs could pressure gross margins, though management noted indexed contracts provide some protection.
- The Hayashi JV sunshade plant startup was delayed by two months due to operational issues, highlighting execution risk.
- The entire ₹200 crore order book increase came from Maruti Suzuki, increasing dependence on a single OEM.
- The ₹150 crore capex for new products may see low utilization initially, with ambient lighting revenue only ₹10-20 crore in early stages.
Key quotes
- We've got some new models from Maruti Suzuki which has led to an increase in our order book.
- So you can add that to our current revenue that is what's going to be our revenue by the end of the decade by the end of till 2030.
- So bhi maybe you can take a three and a half thousand guidance financial okay.
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