Talbros Automotive Components shines on receiving multi-year orders worth Rs 400 crore
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Talbros Automotive Components is currently trading at Rs. 773.95, up by 49.05 points or 6.77% from its previous closing of Rs. 724.90 on the BSE.
The scrip opened at Rs. 730.00 and has touched a high and low of Rs. 758.00 and Rs. 730.00 respectively. So far 9590 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 785.75 on 0074-Jul-2023 and a 52 week low of Rs. 380.10 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 785.75 and Rs. 720.00 respectively. The current market cap of the company is Rs. 894.93 crore.
The promoters holding in the company stood at 58.42%, while Institutions and Non-Institutions held 0.02% and 41.57% respectively.
Talbros Automotive Components has received new multi years orders worth Rs 400 crore from both, domestic and overseas customers across its business divisions, product segments and JVs. The company has orders received from a leading established export OEM for the Electric Vehicles (EV) for Body in White - Stamped Metal Part for over Rs. 165 crore over 5 years (Expected SOP for these products is FY25). This order is through the Joint Venture - Marelli Talbros Chassis Systems. It has also received orders for Forgings products like Ring Gear, Gear Planet, Spacer, Brake Pistone, Cover King Pin, Planetary Gear and many more from export customers for over 50 crore over 5 years.
The company has received orders worth Rs 65 crore for over 5 years for the heat shield products from multiple domestic OEMs. These order span across new technologies in the heat shield space. It has also received orders worth Rs 120 crore for over 5 years for the gasket products from both domestic and export OEM customers. This includes an order worth Rs 40 crore for EVs from a leading overseas OEM.
These orders are to be executed over a period of next 5-7 years covering the company's product lines – gaskets, heat shields, forgings and chassis. These orders will help the company increase its share with existing customers and new customers across geographies which will help the company grow and gain market share in the coming years.
Talbros Automotive Components, the flagship manufacturing company of the Talbros Group was established in the year 1956 to manufacture Automotive & Industrial Gaskets in collaboration with Coopers Payen of UK.
