NDR Auto Components Ltd: Is This Seat-Maker the Next Driving Force Behind Auto Ancillary Multibaggers?
1. At a Glance
A 5-year-old company born from the mother womb of SMIL (Samvardhana Motherson), NDR Auto is no backseat driver. With seat frames, trims, rapid revenue growth and a new JV with Japan’s Hayashi Telempu, this ₹2,500 Cr smallcap has its foot slammed on the accelerator.
2. Introduction with Hook
You know you’re doing something right when you go from “just assembling car seats” to being one of the fastest-growing listed auto ancillaries in India—with a JV partner from Japan and a CAGR that could give startup bros a complex.
5-Year Sales CAGR: 49%
5-Year PAT CAGR: 52%
ROCE FY25: 22.8% We’re not saying it’s a hidden gem… but your car seat may have been made by them and you had no clue.
3. Business Model (WTF Do They Even Do?)
Core Ops: Seat frames, trims, automotive seating systems for passenger vehicles and utility vehicles.
Clients: Hyundai, Kia, Maruti, Tata, Toyota (NEW via Hayashi JV).
Subsidiary DNA: Originated from Motherson Sumi Systems.
