Talbros Engineering

₹619 8.5 | 1.4%

WEBSITE BSE:538987 NSE : TALBROSENG 18 May, 12:50

Market Cap ₹314 Cr.

Stock P/E 15.2

P/B 2.4

Current Price ₹619

Book Value ₹ 261.7

Face Value 10

52W High ₹975

Dividend Yield 0.65%

52W Low ₹ 451.6

Edit Ratio

Talbros Engineering Research see more...

Overview Inc. Year: 1986Industry: Auto Ancillary

Talbros Engineering Ltd is a renowned company that specializes in engineering solutions and manufacturing components for the automotive industry. With a rich history spanning several decades, Talbros Engineering has established itself as a trusted provider of high-quality products and services. The company offers a diverse range of offerings, including chassis components, steering and suspension systems, and sealing solutions. Talbros Engineering boasts advanced manufacturing facilities equipped with state-of-the-art technology and a skilled workforce dedicated to delivering excellence. The company's commitment to innovation and customer satisfaction has earned it a strong reputation in the industry. Talbros Engineering's extensive expertise and global presence have enabled it to forge partnerships with leading automotive manufacturers worldwide. With a focus on quality, reliability, and continuous improvement, Talbros Engineering remains at the forefront of the automotive engineering sector.

Talbros Engineering Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Talbros Engineering Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Net Sales	67	88	87	108	112	117	109	97	102	108
Other Income	0	0	0	0	1	1	1	0	0	0
Total Income	68	89	88	108	113	118	109	97	103	108
Total Expenditure	59	77	76	94	98	103	95	86	92	97
Operating Profit	8	12	12	14	15	15	14	11	11	12
Interest	2	2	2	3	2	2	2	2	2	3
Depreciation	2	2	2	2	2	2	2	3	2	3
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	5	8	8	9	11	10	10	6	6	6
Provision for Tax	1	2	2	3	3	3	2	2	2	2
Profit After Tax	3	6	6	6	8	8	7	5	4	4
Adjustments	-0	0	-0	0	0	0	0	0	0	0
Profit After Adjustments	3	6	6	6	8	8	7	5	4	4
Adjusted Earnings Per Share	6.4	12.2	12.3	12.6	16.3	15.3	14.2	9	8.7	8.7

Talbros Engineering 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	130	117	126	139	161	204	269	216	239	351	444	416
Other Income	3	3	3	2	0	1	1	1	1	1	3	1
Total Income	133	120	129	141	162	205	271	217	239	352	447	417
Total Expenditure	119	108	116	130	145	183	245	197	211	306	391	370
Operating Profit	14	12	13	12	17	21	25	20	28	46	56	48
Interest	4	4	2	3	3	3	7	7	6	8	9	9
Depreciation	2	3	4	4	4	5	7	8	8	9	9	10
Exceptional Income / Expenses	0	0	0	0	0	0	-1	0	0	0	0	0
Profit Before Tax	8	6	7	5	10	13	11	5	14	29	37	28
Provision for Tax	2	2	2	2	3	4	4	1	4	7	10	8
Profit After Tax	5	4	5	3	7	9	7	4	11	22	28	20
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	5	4	5	3	7	9	7	4	11	22	28	20
Adjusted Earnings Per Share	0	0	9	6.6	13.8	17.6	14.2	7.9	21	43.5	55	40.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	26%	27%	17%	13%
Operating Profit CAGR	22%	41%	22%	15%
PAT CAGR	27%	91%	25%	19%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	9%	57%	35%	NA%
ROE Average	26%	23%	18%	17%
ROCE Average	23%	20%	17%	19%

Talbros Engineering 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	22	30	33	36	43	51	58	61	71	93	120
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	9	4	4	5	16	25	33	29	27	48	50
Other Non-Current Liabilities	2	2	2	2	2	2	3	4	4	3	4
Total Current Liabilities	35	30	27	33	40	63	96	68	89	109	111
Total Liabilities	68	67	66	76	100	141	189	161	192	254	284
Fixed Assets	22	22	21	21	41	54	66	79	75	86	110
Other Non-Current Assets	3	3	7	15	12	11	21	12	17	31	29
Total Current Assets	43	41	37	40	48	77	103	70	100	137	145
Total Assets	68	67	66	76	100	141	189	161	192	254	284

Talbros Engineering 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	1	4	6	1	1	1	2	1	0	4	0
Cash Flow from Operating Activities	7	5	1	10	10	9	21	16	14	9	31
Cash Flow from Investing Activities	-5	-3	-5	-6	-28	-15	-26	-14	-6	-19	-45
Cash Flow from Financing Activities	1	-0	-1	-4	19	7	4	-3	-4	6	14
Net Cash Inflow / Outflow	3	2	-5	-0	1	1	-0	-1	4	-4	0
Closing Cash & Cash Equivalent	4	6	1	1	1	2	1	0	4	0	0

Talbros Engineering 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)	0	0	8.96	6.63	13.76	17.64	14.19	7.92	20.99	43.53	55.01
CEPS(Rs)	26.68	13.31	16.03	13.61	21	27.3	27.05	23.35	36.8	60.34	73.14
DPS(Rs)	3	3	6	0	2	1.5	1.5	0	1.5	2	2
Book NAV/Share(Rs)	0	0	63.93	70.56	84.27	100.76	113.14	119.23	140.22	182.25	235.26
Core EBITDA Margin(%)	7.27	7.26	7.26	6.23	9.26	9.95	8.89	8.77	11.66	12.83	12.02
EBIT Margin(%)	7.75	7.34	6.55	5.27	7.3	7.9	6.72	5.66	8.51	10.73	10.54
Pre Tax Margin(%)	5.25	4.55	4.77	3.38	5.69	6.27	4.19	2.33	6.06	8.32	8.44
PAT Margin (%)	3.55	3.01	3.29	2.18	3.95	4.3	2.68	1.86	4.46	6.29	6.29
Cash Profit Margin (%)	5.26	5.22	5.88	4.48	6.03	6.65	5.1	5.48	7.82	8.72	8.36
ROA(%)	8.57	5.77	6.87	4.75	7.92	7.42	4.36	2.29	6.04	9.92	10.38
ROE(%)	25.53	14.92	14.57	9.86	17.78	19.06	13.27	6.81	16.18	27	26.35
ROCE(%)	27.56	19.6	19.06	15.71	19.47	18.42	14.93	9.15	14.72	22.34	22.78
Receivable days	42.45	48.33	40.23	37.75	36.1	41.18	48.64	62.56	54.65	57.96	55.42
Inventory Days	26.73	34.65	33.2	33.46	36.73	49.7	60	71.85	55.96	45.84	45.69
Payable days	40.8	32.32	46.46	48.22	50.5	62.49	71.36	84.8	74.14	67.16	53.67
PER(x)	0	0	3.56	11.92	10.28	16.55	10.93	7.71	7.31	8.68	8.64
Price/Book(x)	0	0	0.5	1.12	1.68	2.9	1.37	0.51	1.09	2.07	2.02
Dividend Yield(%)	0	0	9.41	0	0.71	0.51	0.97	0	0.98	0.53	0.42
EV/Net Sales(x)	0.17	0.14	0.22	0.44	0.63	0.98	0.59	0.46	0.63	0.82	0.77
EV/Core EBITDA(x)	1.64	1.33	2.2	5.29	6.16	9.32	6.23	4.96	5.28	6.26	6.11
Net Sales Growth(%)	21.04	-9.64	7.56	10.39	15.87	26.35	32.01	-19.69	10.47	47	26.49
EBIT Growth(%)	14.94	-14.39	-4.67	-10.36	59.21	27.38	10.02	-32.37	66.03	85.31	24.26
PAT Growth(%)	14.94	-23.46	16.85	-26.01	107.7	28.08	-19.53	-44.22	165.13	107.43	26.37
EPS Growth(%)	0	0	16.85	-26.01	107.55	28.17	-19.53	-44.22	165.13	107.43	26.37
Debt/Equity(x)	1.12	0.66	0.39	0.62	0.74	1.04	1.41	1.14	1.06	1.06	0.85
Current Ratio(x)	1.23	1.36	1.39	1.21	1.19	1.22	1.07	1.03	1.12	1.25	1.3
Quick Ratio(x)	0.88	0.95	0.91	0.75	0.69	0.64	0.53	0.54	0.67	0.81	0.74
Interest Cover(x)	3.1	2.63	3.69	2.79	4.52	4.84	2.66	1.7	3.48	4.46	5.02
Total Debt/Mcap(x)	0	0	0.78	0.56	0.44	0.36	1.03	2.22	0.97	0.51	0.42

Talbros Engineering Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	72.82	72.82	72.82	72.83	72.83	72.83	72.83	72.38	72.38	72.38
FII	0	0	0	0	0	0	0	0	0	0
DII	0.05	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Public	27.13	27.15	27.15	27.15	27.15	27.15	27.15	27.6	27.6	27.6
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	0.37	0.37	0.37	0.37	0.37	0.37	0.37	0.37	0.37	0.37
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14
Others	0	0	0	0	0	0	0	0	0	0
Total	0.51	0.51	0.51	0.51	0.51	0.51	0.51	0.51	0.51	0.51

Pros

Company has delivered good profit growth of 25% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 23%
Debtor days have improved from 67.16 to 53.67days.

Cons

* 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.