1,109 per cent Multibagger Returns in 5 Years: Auto Components Company Acquires 26.39 Acres for Expansion
Over the past year. The one-year return is 45.98 per cent, and 1,109 per cent multibagger returns in 5 years.
NDR Auto Components Limited has announced a significant development regarding its expansion strategy. The company has received an offer letter from Maharashtra Industrial Township Limited (MITL) for the acquisition of 26.39 acres of land at MITL, AURIC, Bidkin, Chhatrapati Sambhaji Nagar, Maharashtra. The land is valued at Rs 37.60 crores and is intended for future expansion purposes. This move aligns with the company's growth trajectory, although specific details about the expansion plans will be disclosed at a later date. This acquisition marks a strategic step for NDR Auto Components as it seeks to bolster its operational capabilities and infrastructure.
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NDR Auto Components is a leading player in the automotive components industry, specializing in the design, manufacturing, and assembly of seat frames and trims for both four-wheelers and two-wheelers. Established in 2019, the company has rapidly expanded its operations to meet the growing demand for high-quality seating solutions. With manufacturing facilities strategically located across India, NDR Auto Components serves a diverse clientele, including major automotive brands like Maruti Suzuki, Toyota, and Suzuki. Their commitment to innovation and quality has enabled them to become a trusted partner in the automotive industry.
NDR Auto Components Ltd has a market capitalisation of Rs 1,488 crore and is currently trading at Rs 626 per share. The stock has reached a 52-week high of Rs 1,040 and a low of Rs 358. Over the past year. The one-year return is 45.98 per cent, and 1,109 per cent multibagger returns in 5 years.
In the Quarterly Results of December 2024, the company reported a revenue of Rs 175.20 crore, reflecting a year-on-year growth of 24.90 per cent and a quarter-on-quarter increase of 0.56 per cent from Rs 174.23 crore in September 2024. The net profit stood at Rs 13.39 crore, marking a 56.79 per cent increase compared to Rs 8.54 crore in December 2023 and a 12.14 per cent rise from Rs 11.94 crore in the previous quarter. The net profit margin for the quarter was 7.64 per cent, compared to 6.85 per cent in September 2024 and 6.09 per cent in December 2023.
For the full financial year 2024, the company recorded a revenue of Rs 601.57 crore, growing by 53.16 per cent from Rs 392.78 crore in the previous year. The net profit for FY24 stood at Rs 48.47 crore, reflecting an 84.37 per cent increase from Rs 27.84 crore in FY23. The net profit margin for FY24 was 4.63 per cent, compared to 3.84 per cent in FY23.
With a PE ratio of 30.7x, the company trades at a premium compared to the industry PE of 26.6x. The company has ROCE of 19.4 per cent and ROE of 16.3 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.