Approved amendment of the NDR Auto Components Limited Stock Option Plan, 2024 ( NDR ESOP 2024 ) in order to comply with Regulation 9(6) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
NDRAUTO · price
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NDR Auto Components' board approved audited FY25 results showing standalone revenue of Rs. 712.78 cr, up ~18.5% YoY, and standalone PAT of Rs. 45.08 cr, up ~36.7% YoY; consolidated PAT rose to Rs. 53.26 cr with EPS of Rs. 22.39. The board recommended a dividend of Rs. 2.75 per share (27.50%) with record date July 3, 2025, subject to shareholder approval at the AGM on July 10, 2025. A 50:50 joint venture was approved with Japan's Hayashi Telempu to manufacture auto interior products such as ambient lights, carpets, dash ins, and tonneau covers, with up to Rs. 1 crore earmarked for pre-incorporation expenses. S.R. Batliboi & Co. LLP was appointed as new statutory auditor for 5 years, replacing S.S. Kothari Mehta, and three independent directors were re-appointed for second 5-year terms. Separately, the Income Tax Department has raised a Rs. 502.20 lakh demand (plus Rs. 94.68 lakh penalty) for AY 2020-21 to 2024-25, which the company is contesting on appeal.
Strong earnings growth, a healthy dividend recommendation, and the Hayashi JV opening new product categories are positive for shareholders. However, the open income-tax demand and pending ESOP plan amendment are minor overhangs; the stock may see short-term positive momentum on results day, while the JV rationale and dividend record date are key dates to watch.