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TALBROAUTO - Talbros Auto.

📊 NSE: TALBROAUTO 🏢 Auto Ancillaries 📅 Last Updated: 12/14/2025 14:06

📢 Recent Corporate Announcements

Talbros Automotive Independent Director Rajat Verma Resigns Effective March 13, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 13 Mar 2026, 03:10 PM

Mr. Rajat Verma has resigned from his position as an Independent Director of Talbros Automotive Components Limited effective March 13, 2026. The resignation is attributed to his other professional commitments, and he has confirmed that there are no other material reasons for his departure. Notably, Mr. Verma held no other directorships or committee positions in other listed entities at the time of his resignation. This change is part of routine board movements and is not expected to impact the company's operational performance.

Mr. Rajat Verma resigned as Independent Director effective March 13, 2026.
The resignation is due to other professional commitments with no material reasons cited.
The outgoing director held NIL other directorships or committee memberships in listed entities.
The company has complied with Regulation 30 of SEBI Listing Regulations for this disclosure.

💡 This is a routine management update and requires no immediate action from investors. Monitor for the appointment of a new independent director to ensure continued board compliance.

Talbros Automotive Proposes 3-Year Leadership Terms for Umesh and Anuj Talwar

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 27 Feb 2026, 04:27 PM

Talbros Automotive Components has initiated a postal ballot to seek shareholder approval for the re-appointment of its top leadership for a three-year term starting April 1, 2026. Mr. Umesh Talwar is proposed as Executive Chairman with a fixed monthly remuneration of ₹22.77 lakh, while Mr. Anuj Talwar is proposed as Managing Director. The company is seeking special resolutions to approve these appointments and to allow promoter remuneration that may exceed standard SEBI regulatory ceilings. Shareholders can cast their votes via e-voting between February 28 and March 29, 2026.

Proposed appointment of Mr. Umesh Talwar as Executive Chairman for 3 years effective April 1, 2026.
Proposed appointment of Mr. Anuj Talwar as Managing Director for a 3-year tenure.
Mr. Umesh Talwar's monthly remuneration set at ₹22.77 lakh, including ₹12.70 lakh basic salary.
Seeking approval for promoter remuneration potentially exceeding SEBI Regulation 17(6)(e) limits.
E-voting period scheduled from February 28, 2026, to March 29, 2026, with results by March 31.

💡 Investors should evaluate the proposed remuneration packages against the company's financial performance and growth trajectory before voting. The continuity of the Talwar family in leadership roles suggests stability in management strategy.

Talbros Automotive Incorporates New JV 'Lohum Talbros CarbonTech' with Lohum CleanTech

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 23 Feb 2026, 04:49 PM

Talbros Automotive Components Limited has received approval from the Ministry of Corporate Affairs for the incorporation of its joint venture company, Lohum Talbros CarbonTech Private Limited. This follows the board's previous approval on November 11, 2025, to partner with Lohum CleanTech Private Limited. The move signifies a strategic expansion into clean technology and carbon-related sectors. Specific financial details and the joint venture agreement terms are expected to be disclosed in the near future.

Incorporation of JV company 'Lohum Talbros CarbonTech Private Limited' approved by MCA on February 22, 2026.
Partnership established with Lohum CleanTech Private Limited, a specialist in battery recycling and energy transition.
Follows the initial board approval for the joint venture granted on November 11, 2025.
Full details of the JV agreement to be submitted to stock exchanges upon formal signing.

💡 Investors should watch for upcoming disclosures regarding the equity split and capital expenditure for this JV. This diversification into clean tech could enhance the company's valuation multiple over the long term.

Talbros Automotive to Attend Arihant Investor Conference on March 9, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 19 Feb 2026, 12:21 PM

Talbros Automotive Components Limited has scheduled a group meeting with analysts and institutional investors on March 9, 2026. The meeting is organized by Arihant Conference and will take place in Mumbai from 2:00 PM to 3:00 PM IST. The company has confirmed that the discussions will be based strictly on publicly available information. This routine disclosure is part of the company's investor relations engagement strategy to maintain transparency with stakeholders.

Group meeting with institutional investors scheduled for March 9, 2026
The event is organized by Arihant Conference and will be held in Mumbai
The interaction is scheduled for a one-hour duration from 2:00 PM to 3:00 PM IST
Management will adhere to SEBI regulations by not discussing any unpublished price sensitive information

💡 Investors should look for any investor presentations uploaded to the exchanges following the conference for updates on business strategy. No immediate trading action is necessitated by this routine announcement.

Talbros Automotive Q3 FY26 Revenue Grows 8% to ₹220 Cr with Strong 18% EBITDA Margins

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 17 Feb 2026, 04:30 PM

Talbros Automotive reported a steady Q3 FY26 with consolidated revenue rising 8% YoY to ₹220 crore, while PAT grew to ₹27 crore. The company achieved a high EBITDA margin of 18%, driven by operational efficiencies and a favorable product mix. While the Forging division remained flat due to temporary export challenges with JLR and BMW, joint ventures in Chassis and Rubber segments saw robust 25% growth. Management highlighted a massive ₹1,000 crore order book to be executed over five years, including ₹100 crore in the EV segment.

Consolidated Revenue for Q3 FY26 increased by 8% YoY to ₹220 crore, while 9M FY26 PAT rose 7% to ₹73 crore.
EBITDA margins expanded by 60 basis points to 18%, positioning the company among the industry leaders in profitability.
Joint ventures Marelli Talbros and Talbros Marugo both recorded strong 25% revenue growth during the quarter.
Secured new orders worth ₹1,000 crore for the next five years, with ₹700 crore coming from export markets.
Planned capital expenditure of ₹165 crore for FY27 to support growth as current capacity utilization reaches 80-85%.

💡 Investors should focus on the strong margin profile and the significant ₹1,000 crore order book which provides long-term revenue visibility. The recovery in the Forging division and execution of EV orders starting 2027 are key triggers to watch.

Talbros Automotive Releases Audio Recording of Q3 & 9M FY26 Earnings Call

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 12 Feb 2026, 05:32 PM

Talbros Automotive Components Limited has officially released the audio recording of its Q3 and 9M FY26 earnings conference call held on February 12, 2026. The call focused on the company's operational and financial performance for the quarter and nine-month period ending December 31, 2025. This disclosure is a routine regulatory requirement under SEBI LODR Regulations to ensure transparency for all shareholders. Investors can access the recording on the company's website to understand management's perspective on recent results.

Audio recording of the Q3 & 9M FY26 earnings call is now available on the company's website.
The conference call was conducted on February 12, 2026, following the release of financial results.
Discussion covered performance metrics for the nine-month period ending December 31, 2025.
Compliance maintained under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 Investors should listen to the recording to gain insights into management's guidance on the gasket and forging business segments. Focus on commentary regarding the order book and raw material price trends which could impact future margins.

Talbros Auto Q3 Net Profit Rises 12.5% to ₹21 Cr; Major Top Management Reshuffle Announced

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 11 Feb 2026, 05:55 PM

Talbros Automotive Components reported a steady Q3 FY26 with standalone revenue growing 6% YoY to ₹213.5 crore and net profit increasing 12.5% to ₹21 crore. A significant leadership transition was announced effective April 1, 2026, including the elevation of Umesh Talwar to Executive Chairman and Anuj Talwar to Managing Director. The company also appointed Ashish Gupta as the new CEO to lead operations. Additionally, an investment of ₹3.37 crore was made for a 26% stake in a solar power project to optimize energy costs.

Standalone Revenue from operations grew 6% YoY to ₹213.50 crore in Q3 FY26
Net Profit for the quarter increased by 12.5% YoY to ₹20.98 crore from ₹18.66 crore
Major management reshuffle: Umesh Talwar elevated to Executive Chairman and Anuj Talwar to MD from April 2026
Ashish Gupta appointed as the new Chief Executive Officer (CEO) effective April 1, 2026
Invested ₹337.49 lacs to acquire a 26% stake in CleanMax Kaziranga for captive solar power consumption

💡 The steady earnings growth combined with a structured leadership succession plan provides long-term clarity for shareholders. Investors should maintain a positive outlook while monitoring the new management's execution of growth strategies.

Talbros Auto Q3 PAT Grows 14% YoY; Secures Massive ₹1,000 Crore New Order Book

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 11 Feb 2026, 05:31 PM

Talbros Automotive Components reported a steady Q3 FY26 with Profit After Tax (PAT) rising 14.2% YoY to ₹27.2 crore and total income increasing 8% to ₹220.4 crore. The company announced a significant milestone, securing new orders worth over ₹1,000 crore to be executed over the next five years, with ₹700 crore specifically from exports. EBITDA margins improved by 60 basis points to 18.0%, reflecting better operational efficiency. The company maintains a robust balance sheet with a very low Debt/Equity ratio of 0.11x.

Q3 FY26 PAT increased by 14.2% YoY to ₹27.2 crore; EBITDA margins expanded to 18.0%.
Secured new orders worth ₹1,000+ crore, including ₹700 crore in exports and ₹100 crore for the EV segment.
Export contribution target set at 35% for FY27, up from 25.2% in 9M FY26.
Formed a new ESG-focused JV, Lohum Talbros Carbon, for recovered carbon black and devulcanized rubber.
Consolidated 9M FY26 revenue stood at ₹647.9 crore with a healthy RoCE of 17.1%.

💡 The massive ₹1,000 crore order win provides high revenue visibility for the next five years and validates the company's export-led growth strategy. Investors should monitor the execution of the new JV and the commencement of these orders in FY27, as the low leverage and margin expansion make it a strong mid-cap auto ancillary play.

Talbros Automotive Q3 PAT Rises 14% to ₹27 Cr; Secures ₹1,000 Cr New Orders

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 11 Feb 2026, 05:24 PM

Talbros Automotive Components reported a steady Q3 FY26 with revenue growing 8% YoY to ₹220.4 crore and PAT increasing 14% to ₹27.2 crore. The company achieved a robust EBITDA margin of 18.0%, among the highest in the industry, driven by operational efficiencies and an improved product mix. A major highlight is the acquisition of new orders worth approximately ₹1,000 crore to be executed over the next five years, including ₹100 crore specifically for EV components. While the Forgings division saw a marginal dip, management expects a recovery starting next quarter backed by a strong export order book.

Q3 FY26 PAT increased by 14% YoY to ₹27.2 crore with EBITDA margins expanding to 18.0%.
Secured new multi-year orders worth ~₹1,000 crore, with ₹700 crore coming from export markets.
Marelli Talbros Chassis Systems (JV) recorded strong 9M growth with revenue up 16% and EBITDA up 36%.
Exports contributed 25% of total revenue for 9M FY26, remaining a primary growth driver.
EV component segment secured new orders worth ₹100 crore, strengthening the future product pipeline.

💡 Investors should view the massive ₹1,000 crore order book and margin expansion as strong indicators of future growth. The company's successful diversification into EV components and high-margin exports makes it a solid watch in the auto-ancillary space.

Talbros Automotive Announces Major Leadership Succession; New Chairman, MD, and CEO Appointed

🟢 POSITIVE ⭐ 7/10

MANAGEMENT 📅 11 Feb 2026, 05:13 PM

Talbros Automotive has announced a comprehensive leadership transition effective April 1, 2026, following Chairman Naresh Talwar's decision to step down. Mr. Umesh Talwar, with over 20 years of experience as VCMD, will be elevated to Executive Chairman for a three-year term. The company is also promoting current Joint Managing Directors Anuj Talwar and Varun Talwar to Managing Director and Vice Chairman & MD roles, respectively. Furthermore, Mr. Ashish Gupta, a seasoned professional with 35 years of experience, has been appointed as the new CEO to drive operational excellence.

Mr. Naresh Talwar to step down as Chairman on March 31, 2026, continuing as a Non-Executive Director.
Mr. Umesh Talwar elevated to Executive Chairman for a 3-year term starting April 1, 2026.
Mr. Anuj Talwar and Mr. Varun Talwar promoted to MD and Vice Chairman & MD roles for 3-year tenures.
Mr. Ashish Gupta appointed as CEO, bringing over 35 years of experience across the automotive and manufacturing sectors.
All appointments are subject to shareholder approval via special resolutions.

💡 The structured succession plan ensures leadership continuity within the promoter family while adding professional depth with a new CEO. Investors should view this as a stable transition that maintains the company's long-term strategic vision.

Talbros Auto Q3 Standalone PAT Up 12.5% YoY to ₹21 Cr; Ashish Gupta Appointed CEO

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 11 Feb 2026, 04:51 PM

Talbros Automotive Components reported a steady Q3 FY26 with standalone net profit rising 12.5% YoY to ₹21 crore. Revenue from operations grew by 6% YoY to ₹213.6 crore, maintaining stable margins. A significant management restructuring was announced, effective April 1, 2026, including the appointment of a professional CEO and a transition in promoter roles to ensure leadership continuity. Additionally, the company is investing in green energy by acquiring a 26% stake in a solar power SPV for ₹3.37 crore.

Standalone Revenue from operations increased 6% YoY to ₹213.6 crore in Q3 FY26.
Net Profit grew 12.5% YoY to ₹21 crore; 9M FY26 PAT stands at ₹58.8 crore.
Major leadership transition: Mr. Ashish Gupta appointed as CEO; Mr. Umesh Talwar elevated to Executive Chairman.
Investment of ₹337.49 lacs for a 26% stake in CleanMax Kaziranga Pvt Ltd for captive solar power consumption.
Basic EPS for the quarter improved to ₹3.40 from ₹3.02 in the corresponding quarter last year.

💡 The results reflect consistent growth and a proactive approach to corporate governance through a clear succession plan. Investors should view the professionalization of management and ESG-focused energy investments as long-term positives for the company's valuation.

Talbros Automotive to Acquire 26% Stake in CleanMax Kaziranga for ₹3.37 Crore

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 10 Feb 2026, 03:31 PM

Talbros Automotive Components Limited has announced an investment of ₹3.37 crore to acquire a 26% equity stake in CleanMax Kaziranga Private Limited. This entity is a Special Purpose Vehicle (SPV) focused on setting up a grid-connected captive solar power project. The acquisition is strategically aimed at securing solar power for captive consumption at the company's manufacturing units in Haryana. This move is expected to reduce long-term energy costs and enhance the company's ESG (Environmental, Social, and Governance) profile.

Acquisition of 26% equity share capital in CleanMax Kaziranga Private Limited for ₹3,37,49,520.
Investment involves 2,600 equity shares at face value and 53,360 shares at a premium of ₹622 per share.
The target entity is an SPV designed to generate and supply solar power under a group captive model.
The project will supply renewable energy to Talbros' manufacturing plants located in Haryana.
The transaction is expected to be completed within February 2026.

💡 Investors should view this as a positive step towards operational efficiency and cost reduction in power expenses. Monitor future earnings reports for improvements in margins resulting from lower energy costs.

Talbros Automotive to Discuss Q3 & 9M FY26 Results in Earnings Call on Feb 12, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 06 Feb 2026, 11:43 AM

Talbros Automotive Components Limited has scheduled its earnings conference call for February 12, 2026, at 3:00 PM IST. The call will focus on the company's operational and financial performance for the third quarter and nine-month period ended December 31, 2025. Senior management, including the Joint Managing Director and Group CFO, will be present to discuss results and provide future outlook. This is a standard post-earnings engagement for institutional and retail investors.

Earnings conference call scheduled for February 12, 2026, at 15:00 IST.
Management representation includes Joint MD Anuj Talwar and Group CFO Navin Juneja.
Discussion to cover performance for the quarter and nine months ended December 31, 2025.
International dial-in numbers provided for USA, UK, Singapore, and Hong Kong investors.

💡 Investors should monitor the call for management commentary on the order book and margin outlook. No immediate portfolio changes are necessary based on this scheduling update.

Talbros Automotive Secures Multi-Year Orders Worth Over Rs. 1,000 Crores

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 06 Feb 2026, 08:41 AM

Talbros Automotive Components Limited, along with its joint ventures, has secured multi-year orders exceeding Rs. 1,000 crores to be executed over the next five years. A significant portion of these orders, approximately Rs. 700 crores, is dedicated to the export market, including a major European global automotive supplier. The orders cover diverse product lines such as gaskets, forgings, and chassis components, with commercialization scheduled to begin in FY27. This development provides strong revenue visibility and highlights the company's growing footprint in the EV and luxury vehicle segments.

Total order win of over Rs. 1,000 crores to be executed over a 5-year period starting FY27
Export orders account for approximately Rs. 700 crores, including a Rs. 500 crore forging order from a major European supplier
Secured Rs. 100 crores in orders specifically targeting the Electric Vehicle (EV) segment
JV Marelli Talbros Chassis Systems secured Rs. 90 crores for luxury vehicle BIW components
Sealing business (gaskets/heat shields) contributed Rs. 250 crores to the total order value

💡 Investors should consider this a strong positive indicator of long-term growth and margin expansion due to high export and EV exposure. Monitor the company's ability to scale production as commercialization begins in FY27.

Talbros Automotive Bags Multi-Year Orders Worth Over ₹1,000 Crores

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 06 Feb 2026, 08:32 AM

Talbros Automotive Components Limited, along with its joint ventures, has secured multi-year orders worth over ₹1,000 crores from leading domestic and international OEMs. These orders cover various product lines including gaskets, forgings, and chassis components, with execution spread over the next five years starting from FY27. A significant portion of the win (~₹700 crores) is focused on exports, while approximately ₹100 crores is dedicated to the EV segment. This development provides strong revenue visibility and reinforces the company's growing footprint in the European automotive market.

Total order win of ₹1,000+ crores to be executed over 5 years starting FY27.
Export orders account for ~₹700 crores, including a major ₹500 crore forging order from a European supplier.
EV segment orders worth ~₹100 crores secured through the Marelli Talbros Chassis Systems JV.
Sealing business and rubber products contributed ₹250 crores and ₹170 crores respectively to the total order book.

💡 The massive order book provides long-term growth visibility and validates the company's export capabilities; investors should maintain a positive outlook while monitoring execution from FY27.

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💰 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.