Best and Worst both are same for NDR Auto:
Customer Concentration: Maruti and Toyota
As any expansion for Maruti and Few for Toyota, Seat Frame order is coming directly to NDR Auto so revenue visibility is good. New Vehicles are getting added at Maruti or Toyota of Higher cost which need higher Margin seat Frame we can see the same in current quarter.
Now Auto being cyclic sector if Passenger Vehicle Sales go down so will NDR. Any Factory Mishap and Supply stops need to explore contract agreement for such situation.
Mahindra and TATA eating Marking share of Maruti but as long as Volumes keep on increasing there is no issue.
Recent Collaboration among Suzuki+Toyota can work well for NDR also.
Invested: position can be tracked here