Expected EPS Rs 50 - Talbros Engineering Ltd, BSE Code - 538987
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Q: Is it worth to invest in Talbros Engineering Ltd (BSE Code: 538987; Price Rs 380) at the current price?
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A:Talbros Eng. has been manufacturing automotive parts including axle shafts, gasket materials, soft gaskets, moulded products, anti-vibration materials, friction materials since 1981. While the company is exporting 75% of its production, almost 50% of it is goes to the US. The most reputed firm in the market for non-asbestos gaskets is this company only. In the quarter ended March 2017 its Net Profit increased to Rs 2.8 crore, four times the previous year’s Rs 62 lakh. The Net Profit recorded in the full year was up 100% to reach Rs 7 crore as against Rs 3.37 crore in previous year. Thus, it Earned Rs 27.54 Per Share (FV Rs 10). The promoters are controlling 72.61% stake in the minuscule equity of Rs 2.53 crore. As on March 31, 2017, Talbros Eng. Company has a Book Value of Rs 167 per share (FV Rs 10). The dividend declared for 2016-17 was 20% that is Rs 2 per share. In the current financial year 20017-18, the company may earn Rs 12 crore as Net Profit which will be an EPS of Rs 50. The stock may give impressive returns on investment.