Order Book
₹650 crore
+44% QoQ
Highest ever order book, entirely from new Maruti Suzuki models, providing revenue visibility through 2030.
NDRAUTOCOMPONENTS
Manufacturing
15 May 2026
Ndr Auto Components Ltd — Q4 FY26
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%.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
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.
Key Numbers
ROCE
36.22%
flat
Strong return on capital employed, excluding surplus cash earmarked for expansion.
Revenue Target FY30
₹3,500 crore
+307% vs FY26
Revised upward from ₹3,000 crore, driven by order book and premiumization.
Ambient Lighting Revenue
₹10-20 crore
new
Initial revenue from two small orders; expected to scale with further OEM wins.
Management Guidance
FY30 revenue target of ₹3,500 crore
Management raised the long-term revenue target from ₹3,000 crore to ₹3,500 crore by FY30, driven by order book and premiumization.
Management guidance revenueEBITDA margin sustainability at ~12%
Management confirmed that current EBITDA margins of ~12% are sustainable, supported by indexed commodity contracts and productivity improvements.
Management guidance marginsCapex of ₹150 crore for new product lines
Planned capex for seat inserts, ambient lighting, sunshades, and seat belt reminder systems, with ₹40-50 crore additional for existing order book.
Management guidance capexNew product revenue ramp-up from Jan 2027
Seat belt reminder, seat latch, and seat insert production to start January 2027, with gradual ramp-up.
Management guidance growthKey Risks
Commodity price inflation
Rising raw material costs could pressure gross margins, though management noted indexed contracts provide some protection.
medium · analyst_questionExecution delays in new product lines
The Hayashi JV sunshade plant startup was delayed by two months due to operational issues, highlighting execution risk.
medium · management_commentaryCustomer concentration on Maruti Suzuki
The entire ₹200 crore order book increase came from Maruti Suzuki, increasing dependence on a single OEM.
high · data_observationLow utilization of new capex initially
The ₹150 crore capex for new products may see low utilization initially, with ambient lighting revenue only ₹10-20 crore in early stages.
medium · analyst_questionNotable 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.
Frequently Asked Questions
What was Ndr Auto Components's revenue in Q4 FY26?
Ndr Auto Components reported revenue of ₹229 Cr in Q4 FY26, representing a +19% change compared to the same quarter last year.
What guidance did Ndr Auto Components management give for FY27?
FY30 revenue target of ₹3,500 crore: Management raised the long-term revenue target from ₹3,000 crore to ₹3,500 crore by FY30, driven by order book and premiumization. EBITDA margin sustainability at ~12%: Management confirmed that current EBITDA margins of ~12% are sustainable, supported by indexed commodity contracts and productivity improvements. Capex of ₹150 crore for new product lines: Planned capex for seat inserts, ambient lighting, sunshades, and seat belt reminder systems, with ₹40-50 crore additional for existing order book. New product revenue ramp-up from Jan 2027: Seat belt reminder, seat latch, and seat insert production to start January 2027, with gradual ramp-up.
What are the key risks for Ndr Auto Components in FY27?
Key risks include Commodity price inflation — Rising raw material costs could pressure gross margins, though management noted indexed contracts provide some protection.; Execution delays in new product lines — The Hayashi JV sunshade plant startup was delayed by two months due to operational issues, highlighting execution risk.; Customer concentration on Maruti Suzuki — The entire ₹200 crore order book increase came from Maruti Suzuki, increasing dependence on a single OEM.; Low utilization of new capex initially — The ₹150 crore capex for new products may see low utilization initially, with ambient lighting revenue only ₹10-20 crore in early stages..
Did Ndr Auto Components meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Ndr Auto Components Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.