Reported Earnings • Aug 11
First quarter 2027 earnings released: EPS: ₹6.90 (vs ₹5.72 in 1Q 2026) First quarter 2027 results: EPS: ₹6.90 (up from ₹5.72 in 1Q 2026). Revenue: ₹2.23b (up 20% from 1Q 2026). Net income: ₹164.0m (up 21% from 1Q 2026). Profit margin: 7.4% (up from 7.3% in 1Q 2026). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Aug 04
NDR Auto Components Limited to Report Q1, 2027 Results on Aug 10, 2026 NDR Auto Components Limited announced that they will report Q1, 2027 results on Aug 10, 2026 Upcoming Dividend • Jul 13
Upcoming dividend of ₹4.00 per share Eligible shareholders must have bought the stock before 20 July 2026. Payment date: 26 August 2026. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.6%). New Risk • Jul 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (34% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Jul 05
Full year 2026 earnings released Full year 2026 results: Revenue: ₹8.23b (up 15% from FY 2025). Net income: ₹619.4m (up 16% from FY 2025). Profit margin: 7.5% (in line with FY 2025). Aankondiging • May 12
NDR Auto Components Limited announces Annual dividend, payable on August 26, 2026 NDR Auto Components Limited announced Annual dividend of INR 4.0000 per share payable on August 26, 2026, ex-date on July 20, 2026 and record date on July 20, 2026. Reported Earnings • May 12
Full year 2026 earnings released: EPS: ₹26.04 (vs ₹22.39 in FY 2025) Full year 2026 results: EPS: ₹26.04 (up from ₹22.39 in FY 2025). Revenue: ₹8.25b (up 16% from FY 2025). Net income: ₹619.4m (up 16% from FY 2025). Profit margin: 7.5% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 11
NDR Auto Components Limited, Annual General Meeting, Jul 27, 2026 NDR Auto Components Limited, Annual General Meeting, Jul 27, 2026. Aankondiging • May 05
NDR Auto Components Limited to Report Q4, 2026 Results on May 11, 2026 NDR Auto Components Limited announced that they will report Q4, 2026 results on May 11, 2026 Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: ₹6.39 (vs ₹5.63 in 3Q 2025) Third quarter 2026 results: EPS: ₹6.39 (up from ₹5.63 in 3Q 2025). Revenue: ₹2.08b (up 19% from 3Q 2025). Net income: ₹151.9m (up 14% from 3Q 2025). Profit margin: 7.3% (down from 7.6% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 32% per year. Aankondiging • Jan 29
NDR Auto Components Limited to Report Q3, 2026 Results on Feb 04, 2026 NDR Auto Components Limited announced that they will report Q3, 2026 results at 9:08 AM, Indian Standard Time on Feb 04, 2026 Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: ₹6.24 (vs ₹5.02 in 2Q 2025) Second quarter 2026 results: EPS: ₹6.24 (up from ₹5.02 in 2Q 2025). Revenue: ₹2.01b (up 15% from 2Q 2025). Net income: ₹148.5m (up 24% from 2Q 2025). Profit margin: 7.4% (up from 6.9% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Oct 31
NDR Auto Components Limited to Report Q2, 2026 Results on Nov 06, 2025 NDR Auto Components Limited announced that they will report Q2, 2026 results on Nov 06, 2025 Reported Earnings • Aug 12
First quarter 2026 earnings released: EPS: ₹5.72 (vs ₹4.85 in 1Q 2025) First quarter 2026 results: EPS: ₹5.72 (up from ₹4.85 in 1Q 2025). Revenue: ₹1.85b (up 8.1% from 1Q 2025). Net income: ₹136.0m (up 18% from 1Q 2025). Profit margin: 7.3% (up from 6.7% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Aug 05
NDR Auto Components Limited to Report Q1, 2026 Results on Aug 11, 2025 NDR Auto Components Limited announced that they will report Q1, 2026 results on Aug 11, 2025 Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹964, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 32x in the Auto Components industry in India. Total returns to shareholders of 403% over the past three years. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹1,154, the stock trades at a trailing P/E ratio of 51.5x. Average trailing P/E is 31x in the Auto Components industry in India. Total returns to shareholders of 500% over the past three years. Upcoming Dividend • Jun 26
Upcoming dividend of ₹2.75 per share Eligible shareholders must have bought the stock before 03 July 2025. Payment date: 09 August 2025. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.7%). Reported Earnings • Jun 15
Full year 2025 earnings released: EPS: ₹22.39 (vs ₹16.28 in FY 2024) Full year 2025 results: EPS: ₹22.39 (up from ₹16.28 in FY 2024). Revenue: ₹7.13b (up 19% from FY 2024). Net income: ₹532.6m (up 38% from FY 2024). Profit margin: 7.5% (up from 6.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jun 15
NDR Auto Components Limited Auditor Raises 'Going Concern' Doubt NDR Auto Components Limited filed its Annual on Jun 13, 2025 for the period ending Mar 31, 2025. In this report its auditor, S.S. Kothari Mehta & Co., gave an unqualified opinion expressing doubt that the company can continue as a going concern. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹996, the stock trades at a trailing P/E ratio of 44.5x. Average trailing P/E is 32x in the Auto Components industry in India. Total returns to shareholders of 421% over the past three years. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹897, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 31x in the Auto Components industry in India. Total returns to shareholders of 335% over the past three years. New Risk • May 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • May 12
Full year 2025 earnings released: EPS: ₹22.39 (vs ₹16.28 in FY 2024) Full year 2025 results: EPS: ₹22.39 (up from ₹16.28 in FY 2024). Revenue: ₹7.17b (up 19% from FY 2024). Net income: ₹532.6m (up 38% from FY 2024). Profit margin: 7.4% (up from 6.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 09
NDR Auto Components Limited, Annual General Meeting, Jul 10, 2025 NDR Auto Components Limited, Annual General Meeting, Jul 10, 2025. Aankondiging • May 01
NDR Auto Components Limited to Report Q4, 2025 Results on May 09, 2025 NDR Auto Components Limited announced that they will report Q4, 2025 results on May 09, 2025 Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹678, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 27x in the Auto Components industry in India. Total returns to shareholders of 236% over the past three years. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹640, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 27x in the Auto Components industry in India. Total returns to shareholders of 240% over the past three years. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹5.63 (vs ₹3.59 in 3Q 2024) Third quarter 2025 results: EPS: ₹5.63 (up from ₹3.59 in 3Q 2024). Revenue: ₹1.75b (up 25% from 3Q 2024). Net income: ₹133.9m (up 57% from 3Q 2024). Profit margin: 7.6% (up from 6.1% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Feb 11
NDR Auto Components Limited Appoints Vikram Krishan Rathi as Chief Financial Officer, with Effect from April 01, 2025 The Board of Directors of the NDR Auto Components Limited at its meeting held on February 11, 2025, Appointed Mr. Vikram Krishan Rathi as Chief Financial Officer designated as Key Managerial Personnel of the Company with effect from April 01, 2025. The said appointment is based on the recommendation of the Nomination and Remuneration Committee and Audit Committee of the Company. Date of appointment: with effect from April 01, 2025. Mr. Vikram Krishan Rathi is a qualified Chartered Accountant and M.B.A. from M.J.P. Rohilkhand University, Bareilly. He carries a rich experience of nearly 23 years with diverse roles in the finance & accounting functions including strategic planning, risk management, compliance. Before joining the Company, he served Uno Minda Limited for around 17 years. Prior to that he was associated with Shirdi Industries Limited, Kumar group of companies and a Group of Export Houses and Investment Companies from year July 1999 to March 2007. Aankondiging • Feb 04
NDR Auto Components Limited to Report Q3, 2025 Results on Feb 11, 2025 NDR Auto Components Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹823, the stock trades at a trailing P/E ratio of 44.9x. Average trailing P/E is 31x in the Auto Components industry in India. Total returns to shareholders of 322% over the past three years. Aankondiging • Dec 19
NDR Auto Components Limited Announces Resignation of Mohit Kumar Jain as Chief Financial Officer, Effective March 31, 2025 NDR Auto Components Limited announced that Mr. Mohit Kumar Jain, Chief Financial Officer & Key Managerial Personnel of the Company has tendered his resignation with effect from close of business hours on March 31, 2025, citing personal reasons. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹652, the stock trades at a trailing P/E ratio of 35.5x. Average trailing P/E is 31x in the Auto Components industry in India. Total returns to shareholders of 265% over the past three years. Reported Earnings • Nov 07
Second quarter 2025 earnings released: EPS: ₹5.02 (vs ₹4.34 in 2Q 2024) Second quarter 2025 results: EPS: ₹5.02 (up from ₹4.34 in 2Q 2024). Revenue: ₹1.76b (up 11% from 2Q 2024). Net income: ₹119.4m (up 16% from 2Q 2024). Profit margin: 6.8% (up from 6.5% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Oct 30
NDR Auto Components Limited to Report Q2, 2025 Results on Nov 06, 2024 NDR Auto Components Limited announced that they will report Q2, 2025 results on Nov 06, 2024 New Risk • Aug 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10.0% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹1,341, the stock trades at a trailing P/E ratio of 38x. Average trailing P/E is 34x in the Auto Components industry in India. Total returns to shareholders of 253% over the past three years. Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: ₹9.70 (vs ₹6.93 in 1Q 2024) First quarter 2025 results: EPS: ₹9.70 (up from ₹6.93 in 1Q 2024). Revenue: ₹1.72b (up 35% from 1Q 2024). Net income: ₹115.3m (up 40% from 1Q 2024). Profit margin: 6.7% (up from 6.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Aug 02
NDR Auto Components Limited to Report Q1, 2025 Results on Aug 08, 2024 NDR Auto Components Limited announced that they will report Q1, 2025 results on Aug 08, 2024 New Risk • Jul 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.1% average weekly change). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹1,107, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 33x in the Auto Components industry in India. Total returns to shareholders of 191% over the past three years. Upcoming Dividend • Jul 08
Upcoming dividend of ₹3.75 per share Eligible shareholders must have bought the stock before 15 July 2024. Payment date: 21 August 2024. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.1%). In line with average of industry peers (0.5%). Declared Dividend • May 23
Dividend of ₹3.75 announced Shareholders will receive a dividend of ₹3.75. Ex-date: 15th July 2024 Payment date: 21st August 2024 Dividend yield will be 0.4%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (11% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 71% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • May 23
NDR Auto Components Limited, Annual General Meeting, Jul 22, 2024 NDR Auto Components Limited, Annual General Meeting, Jul 22, 2024. Reported Earnings • May 22
Full year 2024 earnings released: EPS: ₹32.55 (vs ₹23.63 in FY 2023) Full year 2024 results: EPS: ₹32.55 (up from ₹23.63 in FY 2023). Revenue: ₹6.05b (up 54% from FY 2023). Net income: ₹387.1m (up 38% from FY 2023). Profit margin: 6.4% (down from 7.2% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 16
NDR Auto Components Limited to Report Q4, 2024 Results on May 21, 2024 NDR Auto Components Limited announced that they will report Q4, 2024 results on May 21, 2024 Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹914, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 31x in the Auto Components industry in India. Total returns to shareholders of 301% over the past three years. Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: ₹7.18 (vs ₹4.78 in 3Q 2023) Third quarter 2024 results: EPS: ₹7.18 (up from ₹4.78 in 3Q 2023). Revenue: ₹1.41b (up 33% from 3Q 2023). Net income: ₹85.4m (up 50% from 3Q 2023). Profit margin: 6.1% (up from 5.4% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 48% per year. Aankondiging • Feb 02
NDR Auto Components Limited to Report Q3, 2024 Results on Feb 08, 2024 NDR Auto Components Limited announced that they will report Q3, 2024 results on Feb 08, 2024 Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹858, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 31x in the Auto Components industry in India. Total returns to shareholders of 275% over the past three years. Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: ₹8.67 (vs ₹7.08 in 2Q 2023) Second quarter 2024 results: EPS: ₹8.67 (up from ₹7.08 in 2Q 2023). Revenue: ₹1.58b (up 68% from 2Q 2023). Net income: ₹103.2m (up 23% from 2Q 2023). Profit margin: 6.5% (down from 9.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹671, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 28x in the Auto Components industry in India. Total returns to shareholders of 407% over the past three years. Aankondiging • Oct 31
NDR Auto Components Limited to Report Q2, 2024 Results on Nov 06, 2023 NDR Auto Components Limited announced that they will report Q2, 2024 results on Nov 06, 2023 Reported Earnings • Aug 08
First quarter 2024 earnings released: EPS: ₹13.86 (vs ₹3.41 in 1Q 2023) First quarter 2024 results: EPS: ₹13.86 (up from ₹3.41 in 1Q 2023). Revenue: ₹1.29b (up 105% from 1Q 2023). Net income: ₹82.4m (up 103% from 1Q 2023). Profit margin: 6.4% (in line with 1Q 2023). Aankondiging • Jul 29
NDR Auto Components Limited to Report Q1, 2024 Results on Aug 07, 2023 NDR Auto Components Limited announced that they will report Q1, 2024 results on Aug 07, 2023 Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 131% After last week's 131% share price gain to ₹1,009, the stock trades at a trailing P/E ratio of 42.7x. Average trailing P/E is 27x in the Auto Components industry in India. Total returns to shareholders of 422% over the past year. New Risk • Jul 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (146% cash payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (₹5.18b market cap, or US$63.0m). Upcoming Dividend • Jul 05
Upcoming dividend of ₹5.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 12 July 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.8%). Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹47.27 (vs ₹25.04 in FY 2022) Full year 2023 results: EPS: ₹47.27 (up from ₹25.04 in FY 2022). Revenue: ₹3.99b (up 72% from FY 2022). Net income: ₹281.1m (up 89% from FY 2022). Profit margin: 7.0% (up from 6.4% in FY 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹695, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 23x in the Auto Components industry in India. Total returns to shareholders of 68% over the past year. Aankondiging • May 19
NDR Auto Components Limited to Report Q4, 2023 Results on May 23, 2023 NDR Auto Components Limited announced that they will report Q4, 2023 results on May 23, 2023 Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹676, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 23x in the Auto Components industry in India. Total returns to shareholders of 60% over the past year. Reported Earnings • Jan 30
Third quarter 2023 earnings released: EPS: ₹9.56 (vs ₹5.38 in 3Q 2022) Third quarter 2023 results: EPS: ₹9.56 (up from ₹5.38 in 3Q 2022). Revenue: ₹1.07b (up 93% from 3Q 2022). Net income: ₹56.8m (up 77% from 3Q 2022). Profit margin: 5.3% (down from 5.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Aankondiging • Jan 21
NDR Auto Components Limited to Report Q3, 2023 Results on Jan 27, 2023 NDR Auto Components Limited announced that they will report Q3, 2023 results on Jan 27, 2023 Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 19% share price gain to ₹593, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 24x in the Auto Components industry in India. Total returns to shareholders of 54% over the past year. Board Change • Nov 16
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Non-Executive & Non-Independent Chairman Sanjiv Kapur is the most experienced director on the board, commencing their role in 2020. Independent Director Vanita Chhabra was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 11
Second quarter 2023 earnings released: EPS: ₹14.15 (vs ₹5.48 in 2Q 2022) Second quarter 2023 results: EPS: ₹14.15 (up from ₹5.48 in 2Q 2022). Revenue: ₹949.1m (up 78% from 2Q 2022). Net income: ₹84.1m (up 158% from 2Q 2022). Profit margin: 8.9% (up from 6.1% in 2Q 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 20% share price gain to ₹536, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 24x in the Auto Components industry in India. Total returns to shareholders of 49% over the past year. Reported Earnings • Aug 10
First quarter 2023 earnings released: EPS: ₹6.81 (vs ₹3.97 in 1Q 2022) First quarter 2023 results: EPS: ₹6.81 (up from ₹3.97 in 1Q 2022). Revenue: ₹640.9m (up 45% from 1Q 2022). Net income: ₹40.5m (up 72% from 1Q 2022). Profit margin: 6.3% (up from 5.3% in 1Q 2022). The increase in margin was driven by higher revenue. Upcoming Dividend • Jun 16
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 22 June 2022. Payment date: 30 July 2022. Payout ratio is a comfortable 10.0% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.8%). In line with average of industry peers (0.7%). Reported Earnings • May 16
Full year 2022 earnings released: EPS: ₹25.04 (vs ₹14.35 in FY 2021) Full year 2022 results: EPS: ₹25.04 (up from ₹14.35 in FY 2021). Revenue: ₹2.40b (up 111% from FY 2021). Net income: ₹148.9m (up 75% from FY 2021). Profit margin: 6.2% (down from 7.5% in FY 2021). The decrease in margin was driven by higher expenses.