ICRA reaffirms A+ stable ratings on NDR Auto's Rs 100 crore facilities

Credit & Debt View source PDF Explain this filing

NDRAUTO · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+4.9%Reaction day

₹631.30

prior close

₹640.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.7%+3.1% vs market

Auto Components & Equipments peers, median of 124sector+1.6%+3.2% vs sector

On the reaction day the stock moved 3.1 pts more than Nifty Microcap 250 and 3.2 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.5

10m

+0.6

15m

+1.2

30m

+1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.9+1.7+3.1+1.6+3.2

Next day

+7.5pendingpending+1.9+5.6

—————

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 124Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ICRA reaffirmed A+ long-term ratings with a stable outlook and A1+ short-term ratings for NDR Auto's Rs 100 crore facilities. FY2026 revenue rose 15.4% to Rs 822.5 crore and profit after tax was Rs 50.9 crore. ICRA expects 10-15% revenue growth in FY2027, citing an order book of about Rs 650 crore and low leverage, but flags Maruti Suzuki dependence and auto-sector cyclicality.

Likely market impact

The unchanged rating supports funding confidence, but no upgrade was granted. Maruti Suzuki dependence and auto-sector cycles remain key stock risks.