Talbros Automotive Components Ltd | Value Embedded Stock | Investing | Finance | Share Market | Share Guru Weekly

30/06/2018 20:01:49
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BSE Code: 505160

Face Value: Rs 10.00

Market Price: Rs 274.40/-

(As on 29 Jun 18 | 16:00)

 

If continuously paying Dividends for 50 years of the 60 years since inception is a virtue, getting technologies from five most reputed companies in the world without offering any stake in the company is another virtue of Talbros.  The company has been manufacturing gaskets, control arm, front axles, rear axles, suspension bushes, rubber vibration systems and hose pipes. It is supplying these parts to the manufacturers of 2-3 wheelers, passenger cars, commercial vehicles, tractors, and agriculture machines. It secured fresh orders from Volvo Mexico, Volvo America, Kubota of Thailand, Basak Traktor of Turkey,  Iran Khodro of Iran, Zetor Tractors of Czech Republic, and  GE Austria of Austria. It leads the gaskets market with 40% share. The company got a Rs 35 cr order from an American company for supplying forgings and Rs 24 cr orders from Maruti for supplying control systems. Other significant fresh contracts bagged include Tata Motors's chassis-supply order and rubber products order from Honda Cars. Its Faridabad new plant for heat shields started commercial production. Its sales income comprises 55% turnover from gaskets and 25% from forgings segments.

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https://youtu.be/Zs2BOtlzvyA

In the fourth quarter ended on March 31, 2018, the company on a standalone basis earned Rs 6.6 cr net profit, up 200%, compared to Rs 2.2 cr in the year-ago period. The comprehensive net profit rose to 22.35 cr from Rs 16.69 cr in the earlier year. It translates into an earning of Rs 15.46 per share (EPS). The company is paying a dividend of Rs 1.50 per share or 15% for the financial year 2017-18.

In the minuscule equity of Rs 12.35 cr of the company, the promoters are controlling 56.63% stake. The stock of Talbros Automotive is now trading at around Rs 272, that is in between the yearly high/Lows of  Rs 354/Rs175.  

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