Fundamental Analysis

TALBROS AUTOMOTIVE COMPONENTS LTD.

Ticker : 505160
BUY: ₹ 482.20
Target: ₹ 550

Talbros Automotive boasts of an extensive product portfolio that includes gaskets, heat shields, forgings, chassis & suspension systems, anti-vibration components, and hoses. On the consolidated quarterly front, the company recorded net sales of Rs 148.36 crore for Q3FY22, increased by 14.55 per cent from its net sales of Rs 129.2 crore reported for Q3FY21. The operating profit declined 1.31 per cent to Rs 20.85 crore in Q3FY22 from Rs 21.13 crore posted in Q3FY21. The net profit was recorded at Rs 9.50 crore in Q3FY22 from Rs 7.85 crore in Q3FY21, showing a stunning increase of 21.09 per cent. Talbros Automotive extended penetration in the global market as original equipment manufacturers (OEMs) in the premium car segments. It also expanded the business with two-wheeler OEMs by successfully developing gaskets for BS-VI engines. New orders were added from an existing customer for the next-generation vehicles. Hence, we recommend BUY.