NDR Auto Components Ltd
Rising C&H Pattern: Weekly Basis
Price BreakOut. Re-Tested Support & Upside Again.
12% Upside Needed to Cross Multi Year Trendline.
Once Done, Further Upside Possible
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Snapshot*
Estab. / listed in ’19 -Part of Rohit Relan Group.
3 Manufacturing units, Supplying Seats For 11 Models Across 3 OEMS
JVs with MSIL , SMC, Toyo Seats & Toyota Boshoku- Japan.
Setting up New Production Facility At Gujarat.
Growing Sales/ Profitability Qtrly/Yrly Basis.
Negligible Debt (only lease liabilities). Growing TNW / Low Equity Base / FV: Rs.10
C&CE of Rs.50 Crs for FY22. Jump in Advances to Supplier by 9x in FY22.
Continued Improvement in RoA/RoCE/ROE since FY19. Excellent WC Cycle.
Promoter stake at 74%. FII entered since Jun’22.
*Concern:*
Limited product portfolio.
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
Price BreakOut. Re-Tested Support & Upside Again.
12% Upside Needed to Cross Multi Year Trendline.
Once Done, Further Upside Possible
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Snapshot*
Estab. / listed in ’19 -Part of Rohit Relan Group.
3 Manufacturing units, Supplying Seats For 11 Models Across 3 OEMS
JVs with MSIL , SMC, Toyo Seats & Toyota Boshoku- Japan.
Setting up New Production Facility At Gujarat.
Growing Sales/ Profitability Qtrly/Yrly Basis.
Negligible Debt (only lease liabilities). Growing TNW / Low Equity Base / FV: Rs.10
C&CE of Rs.50 Crs for FY22. Jump in Advances to Supplier by 9x in FY22.
Continued Improvement in RoA/RoCE/ROE since FY19. Excellent WC Cycle.
Promoter stake at 74%. FII entered since Jun’22.
*Concern:*
Limited product portfolio.
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
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