Board approved entering into a Joint Venture Agreement with Hayashi Telempu (Hayashi) by formation of a Joint Venture Company (JV Company) in India
NDRAUTO · price
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On the reaction day the stock moved 7.9 pts more than Nifty Microcap 250 and 8.2 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NDR Auto Components' Board met on May 9, 2025 and approved audited FY25 results along with a dividend of Rs. 2.75 per share (27.50%), with a record date of July 3, 2025. Standalone revenue grew to Rs. 71,277.91 lakhs from Rs. 60,157.01 lakhs, while standalone profit after tax rose to Rs. 4,508.38 lakhs (vs Rs. 3,298.47 lakhs); consolidated PAT jumped to Rs. 5,325.79 lakhs (vs Rs. 3,871.27 lakhs). Standalone EPS stood at Rs. 18.95 and consolidated EPS at Rs. 22.39. Most importantly, the Board approved a 50:50 Joint Venture with Japan's Hayashi Telempu to manufacture auto components like ambient lights, carpets, dash inners, rear shades, and tonneau covers in India, with pre-incorporation expenses of up to Rs. 1 crore sanctioned. The Board also appointed S.R. Batliboi & Co. LLP as new statutory auditors for 5 years and reappointed three Independent Directors for a second term.
The Hayashi Telempu JV expands NDR's product portfolio into new interior auto component categories and brings in a reputable Japanese partner, which is likely positive for long-term growth. Combined with strong double-digit revenue and profit growth in FY25 plus a healthy dividend, the stock may see a constructive reaction, though the JV's eventual contribution will depend on execution and capital outlay.