Talbros Automotive Components is currently trading at Rs. 110.90, up by 10.70 points or 10.68% from its previous closing of Rs. 100.20 on the BSE.
The scrip opened at Rs. 108.95 and has touched a high and low of Rs. 110.90 and Rs. 107.00 respectively.
The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 161.20 on 20-Jan-2020 and a 52 week low of Rs. 62.05 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 120.00 and Rs. 99.90 respectively. The current market cap of the company is Rs. 123.70 crore.
The promoters holding in the company stood at 58.16%, while Institutions and Non-Institutions held 1.49% and 40.35% respectively.
Talbros Automotive Components has received aggregate orders worth $31 million / Rs 234 crore including orders received in JV and subsidiary companies. These order span over a period of 5 years starting from H2FY21 and are expected to be completed by FY26. The company has enough capacities to cater to this order and will not be requiring any major investments to fulfil this order. This order will therefore provide operating leverage and will enhance the profitability of the company.
A major part of this order has been received from an International OEM based in India and will include domestic as well as exports orders. This order is in the Chassis JV. Other orders are across the Forging and Gaskets and Rubber JV of the company. These orders are catering to Domestic and International markets.
Talbros Automotive Components, the flagship manufacturing company of the Talbros Group was established in the year 1956 to manufacture Automotive & Industrial Gaskets in collaboration with Coopers Payen of UK. Today, Talbros stands proud and tall as a mother brand of gaskets, chassis, rubber products and forgings in India. Talbros Group portfolio also includes Mercedes Benz dealership for passenger cars.
