Talbros Auto Compont

₹290.7 6.3 | 2.2%

WEBSITE BSE:505160 NSE : TALBROS AUTO 10 May, 16:01

Market Cap ₹1794 Cr.

Stock P/E 29.4

P/B 3.8

Current Price ₹290.7

Book Value ₹ 75.8

Face Value 2

52W High ₹513.8

Dividend Yield 0.21%

52W Low ₹ 94.9

Edit Ratio

Talbros Auto Compont Research see more...

Talbros Automotive Components Limited: This Automotive Stock Should Fuel Your Portfolio As Market Slides

Overview Inc. Year: 1956Industry: Auto Ancillary

Talbros Automotive Components Ltd is an automobile element manufacturer. The Company is engaged within the manufacturing of Gaskets and Forgings. The Company's products encompass Gaskets and Heat Shields; Forgings; Suspension structures; Hoses, and Anti-vibration structures. It caters to various vehicular segments, consisting of Two-wheelers, Passenger cars, Light and heavy industrial vehicles, Agri equipment, and Industrial and Off-street vehicles. It specializes in materials of forgings to tractor manufacturers and automobile makers in Europe. Its merchandise additionally consist of multi-layer metallic, rubber-moulded, exhaust manifold, edge-moulded, cylinder heads, housing and yoke shafts, kingpins and equipment blanks. The Company has production centres located in over 9 locations across about three states in India. Its gaskets manufacturing centres are positioned in Faridabad, Haryana; Pune, Maharashtra, and Sitarganj, Uttarakhand. Its forging manufacturing facilities are located in Bawal, Haryana.

Talbros Auto Compont Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Talbros Auto Compont Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	144	148	148	153	161	159	175	183	194	199
Other Income	2	2	2	2	1	1	2	2	3	3
Total Income	146	150	150	155	162	160	177	185	197	201
Total Expenditure	125	130	127	134	140	136	150	157	166	168
Operating Profit	20	21	23	21	22	24	27	28	31	33
Interest	3	3	3	2	3	3	3	3	3	4
Depreciation	6	5	6	6	6	6	6	6	6	6
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	12	13	14	13	13	14	18	19	21	23
Provision for Tax	3	3	4	3	3	4	5	5	5	5
Profit After Tax	9	10	10	10	10	11	13	14	16	18
Adjustments	2	2	3	2	3	3	4	3	4	5
Profit After Adjustments	11	11	13	12	13	14	17	17	20	23
Adjusted Earnings Per Share	1.8	1.8	2	1.9	2.1	2.2	2.7	2.8	0.6	3.7

Talbros Auto Compont Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	345	366	390	392	325	393	483	385	444	577	647	751
Other Income	8	11	10	6	8	8	8	7	9	10	8	10
Total Income	352	377	400	398	332	401	491	392	453	588	655	760
Total Expenditure	307	335	350	349	295	354	433	349	389	504	562	641
Operating Profit	45	43	50	49	38	47	58	43	65	83	93	119
Interest	21	19	19	18	16	14	16	16	13	12	11	13
Depreciation	10	10	10	15	12	14	18	19	23	23	24	24
Exceptional Income / Expenses	0	9	-2	-2	0	2	0	-2	18	0	0	0
Profit Before Tax	14	22	19	14	10	21	25	6	52	56	70	81
Provision for Tax	1	3	5	4	2	5	8	1	13	11	15	20
Profit After Tax	14	19	14	10	7	16	17	4	39	45	56	61
Adjustments	0	0	0	0	5	7	10	8	0	0	0	16
Profit After Adjustments	14	19	14	10	12	23	26	12	39	45	56	77
Adjusted Earnings Per Share	2.2	3.1	2.3	1.6	2	3.7	4.3	2	6.3	7.3	9	9.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	12%	19%	10%	6%
Operating Profit CAGR	12%	29%	15%	8%
PAT CAGR	24%	141%	28%	15%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	201%	92%	52%	39%
ROE Average	17%	17%	12%	11%
ROCE Average	19%	19%	15%	14%

Talbros Auto Compont Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	106	119	127	132	155	179	199	198	248	302	368
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	26	31	32	23	17	16	25	20	14	8	6
Other Non-Current Liabilities	12	10	9	11	19	17	7	18	9	37	33
Total Current Liabilities	187	186	216	230	215	262	277	255	267	247	265
Total Liabilities	330	346	384	396	407	475	508	491	537	593	671
Fixed Assets	105	108	114	117	116	125	141	153	147	154	169
Other Non-Current Assets	19	26	28	23	75	82	76	72	83	136	158
Total Current Assets	206	212	241	256	216	268	291	265	307	303	344
Total Assets	330	346	384	396	407	475	508	491	537	593	671

Talbros Auto Compont Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	4	5	4	4	1	4	3	2	4	3	2
Cash Flow from Operating Activities	29	25	33	33	38	34	16	37	66	52	57
Cash Flow from Investing Activities	-13	-9	-14	-4	-13	-19	-36	-15	-2	-25	-37
Cash Flow from Financing Activities	-14	-16	-20	-28	-23	-15	18	-21	-65	-27	-16
Net Cash Inflow / Outflow	2	-1	-1	1	2	-0	-1	1	-1	-1	3
Closing Cash & Cash Equivalent	5	4	4	4	4	3	2	4	3	2	5

Talbros Auto Compont Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.25	3.13	2.29	1.57	1.98	3.71	4.27	1.98	6.34	7.27	9
CEPS(Rs)	3.92	4.82	3.91	4.05	3.21	4.89	5.63	3.81	10.06	10.98	12.85
DPS(Rs)	0.24	0.24	0.3	0.3	0.3	0.3	0.36	0.1	0.4	0.5	0.6
Book NAV/Share(Rs)	17.08	19.24	20.52	21.26	25.19	29.06	32.2	32.06	40.1	48.91	59.54
Core EBITDA Margin(%)	10.04	7.92	9.28	10.07	8.58	9.67	10.36	9.49	12.53	12.61	13.21
EBIT Margin(%)	9.33	10.35	8.94	7.45	7.23	8.77	8.32	5.64	14.7	11.8	12.62
Pre Tax Margin(%)	3.84	5.55	4.53	3.32	2.73	5.28	5.1	1.46	11.66	9.76	10.86
PAT Margin (%)	3.7	4.87	3.33	2.27	2.12	3.99	3.5	1.12	8.81	7.78	8.59
Cash Profit Margin (%)	6.46	7.51	5.69	5.85	5.6	7.54	7.2	6.1	13.98	11.74	12.25
ROA(%)	4.26	5.71	3.87	2.49	1.87	3.62	3.43	0.86	7.61	7.94	8.79
ROE(%)	13.74	17.23	11.51	7.53	5.22	9.54	8.92	2.18	17.57	16.34	16.6
ROCE(%)	16.04	17.55	15.07	12.35	9.58	12.08	12.21	6.17	18.61	18.38	19.32
Receivable days	66.14	61.68	61.73	65.47	87.53	97.59	98.07	123.37	115.1	96.88	90.24
Inventory Days	100.01	98.19	100.95	114.6	123.85	94.9	83.07	103.48	86.32	68.42	69.59
Payable days	90.79	83.54	91.31	105.99	160.48	190.72	170.3	198.59	195.33	180.16	167.4
PER(x)	3.22	2.54	12.2	11.39	14.6	15.04	9.83	7.2	6.43	12.51	9.11
Price/Book(x)	0.42	0.41	1.36	0.84	1.15	1.92	1.3	0.44	1.02	1.86	1.38
Dividend Yield(%)	3.32	3.02	1.08	1.68	1.04	0.54	0.86	0.7	0.98	0.55	0.73
EV/Net Sales(x)	0.45	0.45	0.76	0.58	0.9	1.17	0.84	0.61	0.77	1.12	0.9
EV/Core EBITDA(x)	3.41	3.88	5.93	4.64	7.75	9.78	6.98	5.43	5.3	7.76	6.26
Net Sales Growth(%)	-8.19	6.17	6.46	0.57	-17.09	20.96	22.87	-20.2	15.29	29.95	12.12
EBIT Growth(%)	-1.22	17.26	-7.68	-15.83	-19.89	37.33	14.51	-45.86	200.28	4.35	19.84
PAT Growth(%)	-3.48	39.16	-26.88	-31.24	-22.88	113.27	5.66	-74.41	806.03	14.71	23.82
EPS Growth(%)	-3.48	39.16	-26.88	-31.24	25.88	87.3	15.21	-53.75	220.76	14.71	23.82
Debt/Equity(x)	1.13	1.05	1.05	0.96	0.78	0.69	0.78	0.78	0.42	0.29	0.24
Current Ratio(x)	1.1	1.14	1.12	1.11	1	1.02	1.05	1.04	1.15	1.23	1.3
Quick Ratio(x)	0.53	0.56	0.53	0.5	0.54	0.6	0.65	0.62	0.77	0.76	0.8
Interest Cover(x)	1.7	2.16	2.03	1.8	1.61	2.52	2.59	1.35	4.84	5.79	7.19
Total Debt/Mcap(x)	2.66	2.53	0.77	1.13	0.68	0.36	0.6	1.75	0.41	0.16	0.17

Talbros Auto Compont Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	58.24	58.24	58.24	58.32	58.32	58.42	58.42	58.42	58.42	58.43
FII	0.21	0.05	0.03	0	0.09	0	0	0.02	0.01	0.13
DII	1.11	1.2	1.28	0.02	0.02	0.02	0.02	0.09	0.05	0.04
Public	40.43	40.51	40.46	41.65	41.56	41.56	41.56	41.48	41.52	41.4
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.72	0.72	0.72	0.72	0.72	0.72	0.72	0.72	3.61	3.61
FII	0	0	0	0	0	0	0	0	0	0.01
DII	0.01	0.01	0.02	0	0	0	0	0	0	0
Public	0.5	0.5	0.5	0.51	0.51	0.51	0.51	0.51	2.56	2.56
Others	0	0	0	0	0	0	0	0	0	0
Total	1.23	1.23	1.23	1.23	1.23	1.23	1.23	1.23	6.17	6.17

Pros

Company has delivered good profit growth of 28% CAGR over last 5 years
Debtor days have improved from 180.16 to 167.4days.
Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 3.8 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.