Vijay Kedia's and Dolly Khanna's portfolio multibagger stock hits 52-week high as the company is likely to announce a stock split!
The stock gave 75 per cent returns in just 6 months and gave multibagger returns of over 700 per cent in 3 years.
On Friday, one of the Top Gainers on BSE, Talbros Automotive Components Ltd jumped 8.83 per cent to a new 52-week high of Rs 863 per share from its previous closing of Rs 793. At the closing bell, shares were trading at Rs 849.30 per share, up 7.10 per cent.
Talbros Automotive Components informed that a meeting of the Board of Directors of the company will be held on Tuesday, August 08, 2023 inter-alia, to consider and approve the following:
1. Unaudited Financial Results (Standalone and Consolidated) of the company for the quarter ended June 30, 2023.
2. Alteration of the equity share capital of the company by way of sub-division/ split of its existing equity shares having a face value of Rs 10 each, fully paid up in such manner as may be determined by the Board of Directors.
Additionally, the company received significant orders across various product lines, including Electric Vehicles (EV) Body in White - Stamped Metal Parts worth over Rs 165 crore, expected to begin production in FY25 through their Joint Venture - Marelli Talbros Chassis Systems Pvt. Ltd. Additionally, they secured orders for Forgings products from export customers, amounting to over Rs 50 crore over 5 years.
Moreover, orders worth Rs 65 crore for heat shield products were obtained from domestic OEMs, showcasing new heat shield technologies. Lastly, gasket products received orders worth Rs 120 crore from both domestic and export OEM customers, with a substantial Rs 40 crore order specifically for EVs from a leading overseas OEM. These orders reflect a significant boost for the company's growth and future prospects.
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.
Want more insightful stories along with recommendations?
Get a 3-month subscription to experience the power of our flagship DSIJ Magazine (online edition) for just Rs 800/- Click here to subscribe now
Talbros Automotive Components Ltd is a company based in India with a market cap of over Rs 1,000 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 of 1.22 per cent and 1.50 per cent respectively.
The company has a PE of 17.80x, while the sectoral PE of is 30.30x. The company's ROE is 18 per cent and its ROCE is 21 per cent. The stock gave 75 per cent returns in just 6 months and gave multibagger returns of over 700 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.