Talbros Automotive Components Witnesses Impressive Surge in Shares, Up 183% in CY23

Talbros Automotive Components experienced a substantial boost in its stock value, with shares surging by 16.7% to ₹328.60 in today’s trading session, following a 20% gain in the previous session. This remarkable upward trend can be attributed to the company’s recent achievement of multiple significant orders.

On Monday, Talbros Automotive Components announced securing new multi-year orders valued at ₹580 crore from both domestic and international clients, spanning various business divisions, product segments, and joint ventures. The execution of these orders is slated over the next 5 years, starting from FY25 onwards. The diverse range of products covered by the orders includes gaskets, heat shields, forgings, chassis, and rubber hoses.

In response to the developments, the company expressed optimism about expanding its market share domestically and in the export market. Talbros believes that these orders will not only strengthen its ties with existing customers but also pave the way for collaborations with new customers globally. The company emphasized that this growth trajectory is expected to contribute to improved margins.

Talbros Automotive Components operates as a diversified player in the auto components sector, serving various automobile categories such as passenger vehicles, commercial vehicles, two-wheelers, three-wheelers, agricultural machinery, off-loaders, and industrial vehicles. Some of its prominent clients include Bajaj Auto, Tata Cummins, Volvo EicherIndia, Ashok Leyland, Escorts Group, Force Motors, Hero MotoCorp, and several others.

The company’s shares have witnessed an impressive performance throughout the year, soaring from ₹114 apiece to the current value of ₹322.80. This translates to a substantial return of 183% for shareholders. Notably, the stock has consistently delivered positive returns, with notable rallies of 20% in CY20, followed by gains of 172.41% and 45.49% in CY21 and CY22, respectively.

In the September quarter, Talbros Automotive Components reported a robust 53% year-on-year increase in its consolidated net profit, reaching ₹20 crore, while the revenue from operations showed a substantial growth of 21% YoY, amounting to ₹196.6 crore.

The company sustained its impressive performance in the first half of FY24, achieving a 50% growth in net profit, totaling ₹37.4 crore. The revenue from operations also experienced a significant uptick, reaching ₹316.9 crore, reflecting a remarkable improvement of 21%.

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