Established in 1956, Talbros Automotive Components Limited (TACL) is a prominent manufacturer of automotive and industrial gaskets. Talbros, along with its Joint Ventures/Associates, has grown to become a leading brand for gaskets and heat shields, forgings, chassis systems, suspension systems and modules, anti-vibration components, and hoses. The company offers a wide array of automotive components and parts across these categories.
The company's leadership includes Naresh Talwar as the Chairman and Umesh Talwar as the Managing Director. TACL's gasket manufacturing facilities are strategically located in Faridabad, Haryana; Pune, Maharashtra; and Sitarganj, Uttarakhand, ensuring a robust production footprint.
The TACL Group operates through four main segments, each with specialized offerings:
* Gaskets & Heat Shields: Managed by TACL Standalone and Nippon Leakless Talbros Pvt Ltd. Products include multi-layer steel gaskets, exhaust manifold gaskets, rubber molded gaskets, cylinder head gaskets, gaskets with electrical controls, edge molded gaskets, and heat shields.
* Forgings: Handled by TACL Standalone, offering products such as kingpins, gear blanks, housing and yoke shafts, power transmission parts for hybrid and electric drive, and vehicle structural parts.
* Chassis Components: Through Marelli Talbros Chassis Systems Pvt Ltd.
* Anti Vibration Products & Hoses: Operated by Talbros Marugo Rubber Pvt Ltd.
The company's auto components are supplied across various automobile categories, including two-wheelers, passenger vehicles, commercial vehicles, and farm equipment, underscoring its diverse market penetration.
Talbros Automotive Components Ltd has demonstrated consistent financial growth, reflected in its recent results and key metrics.
The company's market capitalization stands at ₹1,718.51 crore as of May 20, 2025. Its 52-week high is ₹395.80 and the 52-week low is ₹200.20, indicating market volatility within the past year.
* Net Profit: Rose 4.70% to ₹23.82 crore in Q3 FY25, compared to ₹22.75 crore in Q3 FY24.
* Sales: Increased 1.37% to ₹201.47 crore in Q3 FY25, up from ₹198.74 crore in Q3 FY24.
* EBITDA: Stood at ₹35.6 crore, reflecting a 7% year-on-year growth.
* EBITDA Margin: Improved to 17.4% in Q3 FY25, compared to 16.5% in Q3 FY24.
* Consolidated Net Profit: Jumped 12.72% to ₹67.85 crore in 9M FY25, compared to ₹60.19 crore in 9M FY24.
* Revenue from Operations: Grew 7.92% YoY to ₹621.19 crore in 9M FY25.
* Consolidated Net Profit: Jumped 18.31% to ₹20.61 crore in Q1 FY25, as compared to ₹17.42 crore in Q1 FY24.
* Revenue from Operations: Rose 11.77% year on year (YoY) to ₹204.35 crore in Q1 FY25.
* EBITDA: Stood at ₹34.6 crore, registering a growth of 24.46% YoY.
* EBITDA Margin: Improved to 16.5% in Q1 FY25, as against 15% recorded in Q1 FY24.
* Revenue Growth (Last 5 years): 11.17% yearly rate (vs industry avg of 8.27%)
* Net Income Growth (Last 5 years): 33.05% yearly rate (vs industry avg of 10.04%)
* Market Share (Last 5 years): Increased from 0.23% to 0.25%
* P/E (Price-to-Earnings) Ratio: 15.63
* P/B (Price-to-Book) Ratio: 3.20
* Current Dividend Yield: 0.22%
Talbros Automotive Components (TACL), along with its Joint Ventures, has secured significant new orders, demonstrating strong market demand and strategic growth initiatives.
* Total Orders: Received orders worth ₹475 crore for both domestic and export markets from leading OEMs, to be executed over the next five years.
* Sealing Business: Orders worth ₹345 crore (including ₹131 crore in exports, primarily to Europe) for gaskets and heat shield products.
* Chassis Components (Marelli Talbros Chassis Systems JV): Orders worth ₹35 crore.
* Anti-Vibration & Hoses (Talbros Marugo Rubber JV): Orders worth ₹70 crore in the domestic market, from one of India's largest PV OEMs. Commercialization for these products is set to begin from FY26.
* Strategic Orders: Recently secured ₹580 crore in multi-year orders, which includes ₹160 crore for EV components and ₹150 crore in export orders, highlighting its focus on future mobility and international expansion.
Exports play a crucial role in TACL's revenue, with varied contributions across its segments:
* 9M FY2024-25:
* Gaskets Revenue: 14% from exports
* Forging Revenue: 57% from exports
* Marelli Talbros Chassis Systems: 17% from exports
* Talbros Marugo Rubber: 4% from exports
* Q1 FY2024-25:
* Gaskets Revenue: 16% from exports
* Forgings Revenue: 55% from exports
* Marelli Talbros Chassis Systems: 18% from exports
* Talbros Marugo Rubber: 5% from exports
Talbros Automotive Components Ltd's stock has shown mixed performance over different time horizons:
* Last 1 Month: Share price moved up by 5.59% on BSE.
* Last 3 Months: Share price moved up by 21.34% on BSE.
* Last 12 Months: Share price moved down by 5.86% on BSE.
* Last 3 Years: Share price moved up by 198.50% on BSE.
Promoter holding in Talbros Automotive Components Ltd has remained stable at 58.43% as of March 2025, consistent with June 2024 figures.
Talbros Automotive Components Limited continues to strengthen its position in the Indian automotive components market, driven by consistent growth, strategic partnerships, and an expanding order book across both domestic and international markets, including a growing focus on EV components.
