Vijay Kedia’s and Dolly Khanna’s portfolio multibagger stock: This small-cap automobile company receives multi-year orders worth Rs 400 crore!
The stock gave multibagger returns of 170 per cent in just 2 years and over 650 per cent in 3 years.
Talbros Automotive Components Ltd jumped 14.77 per cent to a new 52-week high of Rs 832 per share after receiving multi-year order worth Rs 400 crore. Details below:
1) Orders received from a leading established export OEM for Electric Vehicles (EV) for Body in White - Stamped Metal Parts for over Rs 165 crore over 5 years (Expected SOP for these products is FY25). This order is through the Joint Venture - Marelli Talbros Chassis Systems Pvt. Ltd.
2) Received orders for Forgings products like Ring Gear, Gear Planet, Spacer, Brake Pistone, Cover King Pin, Planetary Gear and many more from export customers for over Rs 50 crore over 5 years.
3) Received orders worth Rs 65 crore for over 5 years for heat shield products from multiple domestic OEMs. These order span across new technologies in the heat shield space.
4) Received orders worth Rs 120 crores for over 5 years for gasket products from both domestic and export OEM customers. This includes an order worth Rs 40 crores for EVs from a leading overseas OEM.
The Indian government has set a target of achieving 20 per cent ethanol blending in gasoline by 2025, which will be known as E20. Including the aforementioned order, the company has successfully added orders worth over Rs 1,000 crores across its various business divisions, product segments, and JVs during the current fiscal year.
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Talbros Automotive Components Ltd is a company based in India with a market cap of Rs 991.60 crore. The company manufactures gaskets, steering components, suspension stamping, rubber components, and forgings. The company reported positive results in its annual and quarterly financial statements. Vijay Kedia and Dolly Khanna, two renowned investors, have stakes in the company, with ownership percentages of 1.22 per cent and 1.50 per cent respectively.
The company has a PE multiple of 17.80, while the sectoral PE multiple is 30. The company's ROE is 18 per cent and its ROCE is 21 per cent. The stock gave multibagger returns of 170 per cent in just 2 years and over 650 per cent in 3 years. Investors should keep an eye on this stock ace investors stock.