Talbros Automotive Components Limited (TALBROAUTO)
₹368.70 +0.14% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Talbros Automotive's revenue was ₹238 Cr (+15.3% year on year, +0.6% on the previous quarter), and net profit ₹30.0 Cr (+35.2% year on year); the operating margin was 16.4%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹238 | +15.3% | +0.6% |
| Operating profit | ₹39.0 | +25.5% | -4.9% |
| Net profit | ₹30.0 | +35.2% | -6.2% |
| EPS (₹) | 4.86 | +35.0% | -5.1% |
| Operating margin | 16.4% | — | — |
TALBROAUTO delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 45.9% of the TALBROAUTO shares traded on NSE were taken to delivery, against the stock's own 20-session average of 44.32%. That is close to its usual level. Volume was 0.3 times its average, well below normal.
Delivery in the last 5 sessions: 50.4% · 53.6% · 60.2% · 50.1% · 45.9%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Talbros Automotive Components Limited announced the voting results of its 69th Annual General Meeting held on September 25, 2026. Shareholders approved all seven resolutions with requisite majority, including the adoption of FY26 financial statements, confirmation of a 10% interim dividend (Rs 0.20 per share), and declaration of a 27.5% final dividend (Rs 0.55 per share). Other passed resolutions included director re-appointments, appointment of Rahul Bhutoria as Independent Director, and ratification of cost auditor remuneration. Total voter turnout stood at 62.34% of outstanding shares.
- Final dividend of Rs 0.55 per share (27.5% on face value Rs 2) approved with 99.9977% votes in favour
- Interim dividend of Rs 0.20 per share (10%) confirmed by shareholders
- All 7 resolutions passed with requisite majorities, with overall voter turnout of 62.34% (38,481,675 votes polled)
- Appointment of Mr. Rahul Bhutoria as Independent Director for a 5-year term approved via special resolution
Talbros Automotive Components Limited has issued an addendum to the notice of its 69th Annual General Meeting scheduled for September 25, 2026. The Board approved the appointment of Mr. Rahul Bhutoria as an Additional Non-Executive, Independent Director for a 5-year term from September 16, 2026, to September 15, 2031, subject to shareholder approval. Mr. Bhutoria brings over 17 years of experience in investment banking, private equity, and asset management, and currently holds no shares in the company. The special resolution will be voted on via remote e-voting from September 22 to September 24, 2026.
- Rahul Bhutoria appointed as Independent Director for a 5-year term from September 16, 2026, to September 15, 2031
- Appointee has over 17 years of experience across investment management and private equity
- AGM scheduled for September 25, 2026, with remote e-voting active from September 22 to September 24, 2026
- Rahul Bhutoria holds NIL shares in Talbros Automotive Components
Talbros Automotive Components Limited has appointed Mr. Rahul Bhutoria as an Additional Non-Executive Independent Director for a term of 5 consecutive years, effective September 16, 2026. The appointment is subject to shareholder approval at the ensuing 69th Annual General Meeting, with an addendum issued to the AGM notice. Mr. Bhutoria brings over 17 years of experience in investment banking, private equity, and portfolio management. The board meeting approving the decision was held on September 16, 2026, lasting 45 minutes from 3:30 p.m. to 4:15 p.m.
- Appointed Mr. Rahul Bhutoria as Additional Independent Director effective September 16, 2026
- Appointment tenure approved for 5 consecutive years, subject to shareholder approval
- Addendum issued to the Notice of the 69th Annual General Meeting for this appointment
- Mr. Bhutoria brings over 17 years of professional experience across asset management and investment banking
Talbros Automotive Components Limited has issued an addendum to the notice of its 69th Annual General Meeting scheduled for September 25, 2026. The Board approved the appointment of Mr. Rahul Bhutoria as an Additional Non-Executive Independent Director for a 5-year term from September 16, 2026, to September 15, 2031. Shareholders will vote on this appointment via a Special Resolution through e-voting open between September 22 and September 24, 2026. Mr. Bhutoria brings over 17 years of experience in private equity, investment banking, and capital allocation.
- Rahul Bhutoria appointed as Independent Director for a 5-year tenure effective September 16, 2026, up to September 15, 2031
- 69th Annual General Meeting scheduled for Friday, September 25, 2026, at 12:30 PM IST via VC/OAVM
- Remote e-voting window runs from September 22, 2026 (9:00 AM IST) to September 24, 2026 (5:00 PM IST)
- Appointee holds NIL equity shares in the company and brings over 17 years of professional finance and investment experience
Talbros Automotive Components Limited announced the appointment of Mr. Rahul Bhutoria as an Additional Non-Executive Independent Director for a 5-year term starting September 16, 2026. Mr. Bhutoria brings over 17 years of experience across investment banking, private equity, and asset management, and currently co-founds Valtrust. The appointment is subject to shareholder approval, for which an addendum to the 69th Annual General Meeting notice has been approved. The company operates at an annual revenue base of ₹870 Cr with market cap of ₹2,596 Cr, and this appointment represents routine board reconstitution.
- Appointment of Mr. Rahul Bhutoria as Additional Independent Director effective September 16, 2026
- Appointed for a tenure of 5 consecutive years, subject to shareholder approval
- Candidate brings over 17 years of experience in investment banking, asset management, and private equity
- Board approved an addendum to the notice of the 69th AGM to table the appointment
Talbros Automotive Components Limited has informed stock exchanges about an upcoming analyst and institutional investor meeting. Company officials are scheduled to participate in a virtual group meeting organized by Arihant Conference on September 28, 2026, from 14:00 to 15:00 PM. The company noted that only publicly available information will be discussed and no unpublished price sensitive information will be shared.
- Virtual group investor meeting scheduled for September 28, 2026
- Meeting duration set from 14:00 to 15:00 PM
- Conference organized by Arihant Conference
- Discussions strictly limited to publicly available information
Talbros Automotive Components Limited has submitted its response to an exchange query regarding a significant spurt in trading volume observed on September 9, 2026. The exchange sought clarification to ensure that investors have access to all material price-sensitive information. The submission was signed by Company Secretary Seema Narang at 12:26 IST. The specific details of the company's reply were not fully disclosed in the brief extract.
- Exchange issued a clarification letter to Talbros Automotive regarding a significant increase in trading volume
- Company submitted its formal response on September 9, 2026
- Digital signature recorded at 12:26:32 IST on September 9, 2026
- Further operational or financial details were not disclosed in the filing extract
Talbros Automotive Components has issued notice for its 69th Annual General Meeting scheduled for September 25, 2026, via video conferencing. Key resolutions include the adoption of FY26 financial statements, confirmation of a ₹0.20 per share interim dividend, and declaration of a final dividend of ₹0.55 per equity share (27.5% on face value ₹2) with a record date of September 11, 2026. Shareholders will also vote on approving material related-party transactions with QH Talbros Private Limited up to ₹125.00 Cr for FY27, which equals ~13.9% of TTM revenue of ₹902 Cr. Additionally, the re-appointment of Director & Group CFO Mr. Navin Juneja is tabled for approval.
- 69th AGM scheduled for Friday, September 25, 2026, at 12:30 PM IST via VC/OAVM
- Final dividend of ₹0.55 per equity share (27.5% on ₹2 FV) proposed; Record date set as September 11, 2026
- Confirmation of ₹0.20 per share (10%) interim dividend already paid for FY26
- Approval sought for related-party transactions with QH Talbros Pvt Ltd up to ₹125.00 Cr for FY 2026-27
- Ratification of cost auditor remuneration of ₹1.75 Lacs for FY 2026-27
Talbros Automotive Components Limited has notified the stock exchanges regarding an upcoming meeting with analysts and institutional investors. The interactions are scheduled for August 31, 2026, from 11:00 AM onwards in Mumbai in a 1x1 and group meeting format. The company stated that discussions will strictly be based on publicly available information without sharing any unpublished price sensitive information (UPSI).
- Analyst / institutional investor meetings scheduled for August 31, 2026
- Meeting timing set from 11:00 AM onwards in Mumbai
- Format includes 1x1 and group meetings
- Company confirmed discussions will be restricted to publicly available information
Talbros Automotive Components Limited has informed the exchanges that its officials will attend 1x1 and group meetings with analysts and institutional investors on August 31, 2026, starting at 11:00 AM in Mumbai. The company clarified that interactions will rely solely on publicly available information without discussing any unpublished price-sensitive information (UPSI). As a standard investor engagement notification, this filing involves no direct financial or operational changes.
- Meeting date: August 31, 2026, from 11:00 AM onwards
- Format: 1x1 / Group Meeting held physically in Mumbai
- Discussions strictly limited to publicly available information with no UPSI
Talbros Automotive Components delivered a record Q1 FY27 with total income rising 15% YoY to Rs 242 Cr and PAT increasing 35% to Rs 30 Cr. The company announced a significant capex plan of Rs 103 Cr for FY27 (representing ~11.4% of TTM revenue) to expand its gasket, forging, and heat shield divisions. Management has set a revenue growth target of 18-20% for FY27 with an EBITDA margin guidance of ~17.5%. A new growth vertical in data centers is expected to contribute Rs 30-40 Cr annually through engine gaskets for backup generators.
- Q1 FY27 PAT grew by 35% YoY to Rs 30 Cr, supported by strong performance in JVs.
- Planned capex of Rs 103 Cr for FY27 to meet growing OEM demand across multiple divisions.
- Marelli Chassis JV revenue increased by 43% YoY to Rs 105 Cr during the quarter.
- Targeting an export revenue share of 35% by FY28, up from the current level of approximately 25%.
- Identified a new revenue stream from data centers with an annual potential of Rs 30-40 Cr.
Talbros Automotive Components Limited has released the audio recording of its Q1 FY27 earnings conference call held on August 11, 2026. The call addressed the company's financial and operational performance for the quarter ended June 30, 2026. This follows a fiscal year (FY26) where the company reported a revenue of Rs 870.5 Cr and a PAT of Rs 98.3 Cr. The recording provides insights into management's strategy for its 17% expected growth rate and high-margin export focus.
- Audio recording of Q1 FY27 earnings call made available on August 11, 2026
- Discussion covers the operational performance for the quarter ended June 30, 2026
- Company operates with a TTM revenue of Rs 870 Cr and a low Debt/Equity ratio of 0.12
- Management previously guided for a 17% growth rate driven by exports and capacity expansion
Talbros Automotive Components (TACL) reported its strongest-ever quarterly performance in Q1 FY27, with consolidated revenue rising 15% YoY to Rs 242 crore. Net profit surged 35% YoY to Rs 30 crore, supported by a 110 bps expansion in EBITDA margins to 17.6%. Growth was led by the Gasket & Heat Shield division (+21% YoY) and robust performance in Joint Ventures, specifically Marelli Talbros Chassis Systems (+43% YoY). Management has issued a positive outlook, guiding for 18-20% group revenue growth for FY27.
- Total revenue from operations grew 15% YoY to Rs 242 crore in Q1 FY27.
- Profit After Tax (PAT) increased by 35% YoY to Rs 30 crore, surpassing the previous high of Q4 FY26.
- EBITDA margins expanded to 17.6% from 16.5% YoY, despite higher employee and freight costs.
- Marelli Talbros Chassis Systems (MTCS) JV revenue grew 43% YoY to Rs 52.4 crore on a proportionate basis.
- Management guided for 18-20% revenue growth for FY27 while maintaining current EBITDA margins.
Talbros Automotive Components reported a strong Q1 FY27 with consolidated revenue rising 15% YoY to ₹238.4 cr and PAT increasing 35% to ₹30.0 cr. The company announced a massive new order book of over ₹1,000 cr to be executed over the next 5 years, which represents approximately 115% of its TTM revenue. EBITDA margins expanded by 110 bps to 17.6%, supported by a high-margin export mix and growth in Joint Venture (JV) operations. Notably, ₹700 cr of the new orders are for exports, and ₹100 cr are specifically for the EV segment.
- Consolidated PAT increased by 35% YoY to ₹30.0 cr in Q1 FY27
- Secured new orders worth over ₹1,000 cr to be executed over a 5-year period
- EBITDA margins improved to 17.6%, a 110 bps increase over Q1 FY26
- Export orders constitute ₹700 cr (70%) of the total new order wins
- Marelli JV (50% stake) saw total income growth of 43% YoY to ₹105 cr
Talbros Automotive Components reported a strong start to FY27, with consolidated revenue growing 15.3% YoY to ₹238.41 Cr. Net profit increased significantly by 35.2% YoY to ₹30.02 Cr, supported by a robust performance from its joint ventures, which contributed ₹6.09 Cr to the bottom line. While raw material costs rose 21% YoY, the company maintained healthy operational margins. A substantial other comprehensive income of ₹66.60 Cr (net of tax) further boosted the total comprehensive income for the quarter.
- Consolidated Revenue from operations grew 15.3% YoY to ₹238.41 Cr from ₹206.76 Cr.
- Consolidated Net Profit rose 35.2% YoY to ₹30.02 Cr compared to ₹22.20 Cr in Q1 FY26.
- Share of profit from Joint Ventures increased to ₹6.09 Cr, up from ₹4.00 Cr in the year-ago period.
- Earnings Per Share (EPS) for the quarter improved to ₹4.86 from ₹3.60 YoY.
- Total Comprehensive Income reached ₹96.62 Cr, significantly aided by ₹66.60 Cr in other comprehensive income items.
Financial Performance
Revenue Growth by Segment
Consolidated revenue grew 6.23% to INR 830.32 Cr in FY25. The Gasket segment grew 7.96% to INR 556 Cr, while the Forging segment grew 4.69% to INR 290 Cr, driven by healthy share of business with OEMs.
Geographic Revenue Split
Domestic sales contribute 74% of total revenue. Exports account for 26%, with the UK representing 54% of export mix, followed by Europe (excluding UK) at 26% and the US at 14%.
Profitability Margins
Operating profit margin improved to 17.95% in FY25 from 16.50% in FY24. Net profit margin (excluding exceptional items) improved to 9.42% from 8.73% YoY, reflecting enhanced operational leverage and cost structures.
EBITDA Margin
Consolidated PBILDT margin stood at 16.07% in FY25, up from 15.15% in FY24. Core profitability is supported by economies of scale and a favorable product mix, reaching 16.5% in Q2 FY26.
Capital Expenditure
The company is planning a consolidated capex of INR 25-32 Cr (approximately 6% of tangible net worth) for capacity expansion in the gasket (heat shield) and forging divisions, funded through internal accruals.
Credit Rating & Borrowing
The company maintains a comfortable financial risk profile with a 'Stable' outlook. Interest coverage ratio improved to 9.74x in FY25 from 8.93x in FY24, indicating strong ability to service debt.
Operational Drivers
Raw Materials
Key raw materials include rubber, rubber compounds, chemicals, and steel for forgings. Specific cost percentages for each material are not disclosed in available documents.
Capacity Expansion
Planned expansion of the gasket division (specifically heat shields) and forging division capacity is underway with a budget of INR 25-32 Cr to meet growing OEM demand.
Raw Material Costs
Raw material price volatility is a key threat to profitability. The company uses proactive risk management, including hedging and localization, to mitigate cost fluctuations.
Manufacturing Efficiency
PBILDT margins improved by 142 bps in FY24 due to economies of scale. Operational excellence and cost-saving measures contributed to a robust 16.5% EBITDA in recent quarters.
Strategic Growth
Expected Growth Rate
17%
Growth Strategy
Growth is targeted through a focus on high-margin exports (26% of revenue), capacity expansion in heat shields and forgings (INR 25-32 Cr), and leveraging technical JVs with Marelli and Marugo Rubber to supply advanced chassis and anti-vibration components to top OEMs.
Products & Services
Automotive and industrial gaskets, forgings, heat shields, anti-vibration rubber products, front cross members, control arms, and rear twist beam axles.
Brand Portfolio
Talbros
New Products/Services
Focus on high-performance anti-vibration components and rubber products through the Marugo Rubber JV and advanced chassis systems through the Marelli JV.
Market Expansion
Expanding global presence in the UK, Europe, and US markets, which currently account for 54%, 26%, and 14% of the export mix respectively.
Strategic Alliances
Key JVs include Marelli Talbros Chassis Systems Pvt Ltd (50:50 with Marelli SPA) and Talbros Marugo Rubber Pvt Ltd (50:50 with Marugo Rubber Industries, Japan).
External Factors
Industry Trends
The industry is shifting toward BS-VI Phase II norms and EV-ready components. The company is positioning itself through JVs for anti-vibration and chassis components for evolving mobility needs.
Competitive Landscape
Talbros is a flagship player in the Indian auto ancillary sector, competing through technological superiority and a diversified product portfolio across gaskets and forgings.
Competitive Moat
Durable advantages include a 50-year track record of dividend payouts, long-standing relationships with top global OEMs, and technical mastery through Japanese and European JVs.
Macro Economic Sensitivity
Highly sensitive to automotive industry volumes, which reached 8.8 million units in the analyzed period. 2-wheeler industry growth of 10.3% directly impacts segment demand.
Consumer Behavior
Demand is highly seasonal, with sharp rebounds noted during Navratri and the festive season following muted periods like the pre-GST 2.0 rollout.
Geopolitical Risks
Global headwinds and geopolitical volatilities are cited as threats that could impact the 26% export revenue stream.
Regulatory & Governance
Industry Regulations
Operations are influenced by BS-VI Phase II emission norms, PLI schemes, and FAME-II initiatives which support R&D and localization.
Environmental Compliance
The company adheres to IATF 16949, ISO-14001, and ISO 45001 certifications for environmental and occupational health standards.
Taxation Policy Impact
Net profit margin (excluding exceptional items) was 9.42% in FY25. The company navigated the GST 2.0 rollout which caused temporary demand postponement.
Legal Contingencies
Secretarial audits confirm compliance with the Companies Act 2013 and SCRA; no specific pending court case values in INR were disclosed.
Risk Analysis
Key Uncertainties
Raw material price volatility and global macroeconomic headwinds are the primary uncertainties impacting the 16.07% PBILDT margin.
Geographic Concentration Risk
74% of revenue is domestic. Within the 26% export segment, there is a high concentration in the UK (54%).
Third Party Dependencies
High dependency on key European clients, as evidenced by the INR 10 Cr loss following a client-side cyber-attack.
Technology Obsolescence Risk
Mitigated by strategic JVs with global leaders like Marelli and Marugo Rubber to stay ahead of EV and software integration trends.
Credit & Counterparty Risk
Receivables quality is reflected in a debtors turnover ratio of 3.63 times; liquidity is comfortable with a current ratio of 1.72.
