NDR Auto Components Ltd With a market capitalization of Rs 481 crore, NDR Auto Components Ltd. shares surged 20% on Monday and closed at the 52-week high of ₹ 809.60 apiece from the previous close price of ₹677.
One of the probable reasons for the stock to hit a high price is the company’s recent announcement of strong Q4 FY 22-23 earnings.
In addition, the company’s board recommended a dividend of Rs 5 per equity share with a face value of Rs 10 each, translating to a 50% dividend for the financial year 2023.
While the company also subdivided its shares at a ratio of 1:1.This implies that for every share owned by an investor, one additional share will be credited, for a total of 2000 shares for every 1000 shares held.
In the past year, the company’s share price increased from ₹ 376.50 to ₹ 809.60 giving multibagger returns of 115%. Therefore, if an investor had invested ₹ 1 lakh in the company’s shares in the last year, the value of their holdings would have been ₹2.15 lakhs today!
NDR Auto Components Ltd. is engaged in the manufacturing of automotive components like seats, spare parts, and much more, for two-wheelers and four-wheelers. The company caters to domestic and international markets.
As per the company’s consolidated financials, In Q4FY23, PAT jumped 64% to ₹9.96 crores as against ₹6.06 crores in Q4FY22. Revenue stood at ₹133.05 crore, up by 64 % from ₹ 81.05 crore in Q4FY22.
On a YoY comparison of the metrics, the revenues significantly improved from ₹240.24 crores during FY 21-22 to ₹399.09 crores in FY 22-23. The PAT numbers have shifted upwards within the same timeframe mentioned, from ₹ 14.88 crores to 28.10 crores.
According to the latest data pertaining to the shareholding pattern, promoters of the company hold a 73.95 percent stake, and the public holds a 26.06 percent stake in the company for FY 22-23.
Written by Omkar C
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