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NDR Auto Components Ltd. receives reaffirmed ratings from ICRA, including notes on MSIL partnership

(26-Oct-26   16:39)

NDR Auto Components Ltd announced that ICRA Limited has reaffirmed its ratings on various instruments, including the Long-term - fund based - Dropline overdraft of 20.00, the Long term/short-term- Fund based/ non fund based – working capital of 30.00, and the Long term/Short term–Unallocated of 50.00, all carrying the rating of [ICRA]A+ (Stable) and [ICRA]A1+; ICRA has also reaffirmed the Long-term -fund based - Dropline overdraft of 20.00 with an A+ (Stable) rating, the Long term/short -term - Fund based/ non fund based – working capital of 15.00 with a rating of A+ (Stable) / A1+, and the Long term/Short term– Unallocated of 65.00 with a rating of A+ (Stable) / A1+, all with notes indicating RBI involvement, alongside reaffirming a Total Debt / OPBITDA ratio of 0.5-0.6 times with a Stable Outlook expected in FY2027, and noting a healthy SOB with MSIL (OEM); additionally, ICRA has noted initial ratings for the Long-term -fund based - Dropline overdraft of 20.00, the Long term/short - term - Fund based/ non fund based – working capital of 30.00, and the Long Term/Short Term– Unallocated of 50.00, all assigned on July 07, 2025, and further disclosed a Total Debt/OPBITDA of 0.7 times as on March 31, 2026, a gearing of 0.2 times as of March 31, 2026, and debt comprised of lease liabilities of Rs. 62 crore as of March 31, 2026, and Rs. 32 crore as of March 31, 2025.