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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Talbros Automotive Components Ltd

About the Company - Talbros Automotive Components Ltd

Talbros Automotive Components Ltd. is a Public Limited Listed company incorporated on 08/09/1956 and has its registered office in the State of Haryana, India. Company’s Corporate Identification Number(CIN) is L29199HR1956PLC033107 and registration number is 033107. Currently Company is involved in the business activities of Manufacture of other general purpose machinery ( fans intended for industrial applications, exhaust hoods for commercial, laboratory or industrial use; calendering or other rolling machines other than for metals or glass; gaskets and similar joints made of a combination of materials or layers of the same material and other general purpose machinery including manufacture of parts and accessories for general purpose machinery and equipment.). Company’s Total Operating Revenue is Rs. 577.24 Cr. and Equity Capital is Rs. 12.35 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - Engine PartsGasket Plant- I, 14/1, Delhi Mathura Road, Faridabad Haryana 121003seema_narang@talbros.com
http://www.talbros.com
Management
NamePosition Held
Mr. Naresh TalwarChairman
Mr. Umesh TalwarVice Chairman & Mng.Director
Mr. Varun TalwarJoint Managing Director
Mr. Anuj TalwarJoint Managing Director
Mr. Vidur TalwarDirector
Mr. Anil Kumar MehraDirector
Mr. Amit BurmanDirector
Mr. Navin JunejaDirector
Mr. Ajay Kumar VijDirector
Ms. Priyanka GulatiDirector
Mr. Tarun SinghalDirector
Mr. Deepak JainDirector

Talbros Automotive Components Ltd. Share Price Update

Share PriceValue
Today₹289.00
Previous Day₹298.80

Basic Stock Data of Talbros Automotive Components Ltd

Market Cap 1,875 Cr.
Current Price 304
High / Low348/76.0
Stock P/E24.3
Book Value 72.9
Dividend Yield0.21 %
ROCE19.2 %
ROE16.5 %
Face Value 2.00

Data Source: screener.in

Competitors of Talbros Automotive Components Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Rane Engine Valve Ltd 271 Cr. 375506/19519.6 1560.00 %7.48 %7.20 % 10.0
Sintercom India Ltd 356 Cr. 130140/95.2364 36.30.00 %3.65 %0.07 % 10.0
Autoline Industries Ltd 594 Cr. 152165/60.169.6 20.60.00 %6.83 %1.96 % 10.0
Sundram Fasteners Ltd 23,322 Cr. 1,1101,341/95245.3 1530.60 %19.3 %17.4 % 1.00
Shriram Pistons & Rings Ltd 7,405 Cr. 1,6811,867/49117.9 3940.29 %24.7 %20.8 % 10.0
Industry Average250.2 Cr131.8103.28151.980.18%12.39%9.49%8.2

Talbros Automotive Components Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales130158137144148148153161159175183194199
Expenses111136120125130127134140136150157166168
Operating Profit19221719192119212325252830
OPM %14%14%13%13%13%14%12%13%14%14%14%15%15%
Other Income52434444446677
Interest3333332333334
Depreciation6666566666666
Profit before tax15361114141715161721222528
Tax %27%24%13%19%22%25%21%21%20%21%21%21%19%
Net Profit11271011111312131417172023
EPS in Rs1.714.451.611.801.822.041.932.122.232.742.823.253.69

Talbros Automotive Components Ltd Quarterly Chart

Talbros Automotive Components Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales371341362384388325393483385444577647710
Expenses327300322345344293354433349389504562609
Operating Profit444140394331395037567385101
OPM %12%12%11%10%11%10%10%10%9%13%13%13%14%
Other Income2512941118181233182022
Interest20211919181614161613121113
Depreciation11101010151214181923232424
Profit before tax16142219141428341452567086
Tax %7%4%12%26%32%15%18%23%10%24%20%21%
Net Profit14141914101223261239455668
EPS in Rs2.332.253.132.291.571.983.714.281.986.347.289.0111.04
Dividend Payout %53%64%56%74%19%15%8%8%5%6%7%7%

Talbros Automotive Components Ltd Profit & Loss Yearly Chart

Talbros Automotive Components Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:10%
3 Years:19%
TTM:21%
Compounded Profit Growth
10 Years:15%
5 Years:22%
3 Years:59%
TTM:50%
Stock Price CAGR
10 Years:43%
5 Years:49%
3 Years:97%
1 Year:188%
Return on Equity
10 Years:12%
5 Years:13%
3 Years:15%
Last Year:17%

Talbros Automotive Components Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital12121212121212121212121212
Reserves8594107115119143167186186235290355438
Borrowings116119124133125121124155153103898785
Other Liabilities109105102124139116161144128179178201220
Total Liabilities322330346384396393465498480529570656756
Fixed Assets107105108114117119128144153150157171182
CWIP14109123713358
Investments23467546361537398127195
Other Assets211218224254270219271286273303311353371
Total Assets322330346384396393465498480529570656756

Talbros Automotive Components Ltd Reserves and Borrowings Chart

Talbros Automotive Components Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 272925333338341637665257
Cash from Investing Activity -7-13-9-14-4-13-19-36-15-2-25-37
Cash from Financing Activity -18-14-16-20-28-23-1518-21-65-27-16
Net Cash Flow22-1-112-0-11-1-13

Talbros Automotive Components Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days70697070751011151021191279695
Inventory Days173201187213236200180148192156136138
Days Payable144142131154178188226157188229182176
Cash Conversion Cycle991281261291321126993123554957
Working Capital Days809296951021029289117968486
ROCE %18%16%14%16%13%11%13%15%9%13%18%19%

Talbros Automotive Components Ltd Financial Efficiency Indicators Chart

Talbros Automotive Components Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters58.16%58.20%58.20%58.24%58.24%58.24%58.32%58.32%58.42%58.42%58.42%58.42%
FIIs0.01%0.01%0.02%0.21%0.05%0.03%0.00%0.09%0.00%0.00%0.02%0.01%
DIIs1.31%0.42%0.42%1.12%1.20%1.27%0.02%0.02%0.02%0.02%0.09%0.05%
Public40.52%41.37%41.36%40.43%40.51%40.46%41.66%41.59%41.56%41.57%41.46%41.51%
No. of Shareholders19,47920,89321,12023,69834,51535,83535,69135,91437,03336,88843,58259,441

Talbros Automotive Components Ltd Shareholding Pattern Chart

No. of Talbros Automotive Components Ltd Shareholders

This stock is not held by any mutual fund

Talbros Automotive Components Ltd ROCE Trend

Talbros Automotive Components Ltd EPS Trend

Talbros Automotive Components Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)45.0236.3631.709.8821.37
Diluted EPS (Rs.)45.0236.3631.709.8821.37
Cash EPS (Rs.)54.6248.5545.8419.0328.17
Book Value[Excl.RevalReserv]/Share (Rs.)297.69244.53200.50160.32161.00
Book Value[Incl.RevalReserv]/Share (Rs.)297.69244.53200.50160.32161.00
Revenue From Operations / Share (Rs.)524.22467.57359.80312.09391.11
PBDIT / Share (Rs.)75.7367.3852.3534.8747.03
PBIT / Share (Rs.)56.5248.8433.7419.3432.53
PBT / Share (Rs.)47.3139.3137.494.5719.95
Net Profit / Share (Rs.)35.4030.0127.223.5013.67
NP After MI And SOA / Share (Rs.)45.0236.3631.709.8821.37
PBDIT Margin (%)14.4414.4014.5511.1712.02
PBIT Margin (%)10.7810.449.376.198.31
PBT Margin (%)9.028.4010.411.465.10
Net Profit Margin (%)6.756.417.561.123.49
NP After MI And SOA Margin (%)8.587.778.803.165.46
Return on Networth / Equity (%)15.1214.8615.806.1613.27
Return on Capital Employeed (%)17.8318.6615.4010.6117.35
Return On Assets (%)8.477.887.392.545.30
Long Term Debt / Equity (X)0.010.020.050.100.12
Total Debt / Equity (X)0.230.290.340.710.69
Asset Turnover Ratio (%)1.061.080.900.801.02
Current Ratio (X)1.301.231.161.041.05
Quick Ratio (X)0.790.760.760.610.63
Inventory Turnover Ratio (X)2.862.892.131.902.42
Dividend Payout Ratio (NP) (%)5.558.251.5718.217.02
Dividend Payout Ratio (CP) (%)3.895.460.997.084.18
Earning Retention Ratio (%)94.4591.7598.4381.7992.98
Cash Earning Retention Ratio (%)96.1194.5499.0192.9295.82
Interest Coverage Ratio (X)8.237.074.792.673.74
Interest Coverage Ratio (Post Tax) (X)4.854.152.151.402.09
Enterprise Value (Cr.)584.90645.28324.44221.38387.71
EV / Net Operating Revenue (X)0.901.120.730.570.80
EV / EBITDA (X)6.267.765.025.146.68
MarketCap / Net Operating Revenue (X)0.780.970.560.220.53
Retention Ratios (%)94.4491.7498.4281.7892.97
Price / BV (X)1.381.861.020.441.30
Price / Net Operating Revenue (X)0.780.970.560.220.53
EarningsYield0.100.070.150.130.10

Talbros Automotive Components Ltd Profitability Ratios (%)

Talbros Automotive Components Ltd Liquidity Ratios

Talbros Automotive Components Ltd Liquidity Ratios (%)

Talbros Automotive Components Ltd Interest Coverage Ratios (X)

Talbros Automotive Components Ltd Valuation Ratios

Fair Value / Intrinsic Value of Talbros Automotive Components Ltd

Fair Value: ₹292.91

The stock is overvalued by 3.65% compared to the current price ₹304

*Investments are subject to market risks

Strength and Weakness of Talbros Automotive Components Ltd

StrengthWeakness
  1. The company has higher reserves (193.85 cr) compared to borrowings (118.00 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (446.92 cr) and profit (33.77 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 38.19 and average Dividend Yield of 9.02%.
  2. The stock has a low average ROCE of 14.58%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 94.25, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 97.67, which may not be favorable.

Should I Buy Talbros Automotive Components Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Talbros Automotive Components Ltd:
    1. Net Profit Margin: 6.75%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 17.83% (Industry Average ROCE: 12.39%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 4.85
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.79
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 24.3 (Industry average Stock P/E: 103.28)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.23
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Talbros Automotive Components Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE