Review

TALBROS AUTOMOTIVE COMPONENTS LTD

Ticker : 505160
FV:  ₹10 
52-Week H/L: ₹654.90/193.05



We recommended Talbros Automotive Components in volume no. 38, issue no. 22 (dated March 21, 2022) when the scrip was trading at Rs 482.2. On the consolidated quarterly front, the company recorded net sales of Rs 148.36 crore for Q3FY22, an increase of 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. Currently, the stock is trading at its highest price compared to the last one month's prices. The ongoing Russian invasion of Ukraine and the lockdown in China are hinting at a cautious near-term outlook for the Indian automotive industry. Besides, crude oil prices are also in a bubble. Hence, we recommend our investor-readers to BOOK PROFIT at Rs 532.95 per share with a gain of 10.52 per cent.