Talbros Automotive Components zooms on receiving multi years orders worth Rs 580 crore
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Talbros Automotive Components is currently trading at Rs. 276.30, up by 41.40 points or 17.62% from its previous closing of Rs. 234.90 on the BSE.
The scrip opened at Rs. 251.05 and has touched a high and low of Rs. 279.95 and Rs. 251.05 respectively. So far 154472 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 279.95 on 20-Nov-2023 and a 52 week low of Rs. 76.02 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 279.95 and Rs. 232.45 respectively. The current market cap of the company is Rs. 1449.99 crore.
The promoters holding in the company stood at 58.42%, while Institutions and Non-Institutions held 0.11% and 41.48% respectively.
Talbros Automotive Components has received new multi years orders worth Rs 580 crore from both, domestic and overseas customers across its business divisions, product segments and JVs. These orders are to be executed over a period of next 5 years commencing from FY25 onwards covering the company's product lines – gaskets, heat shields, forgings, chassis and rubber hoses.
The company has received orders from a leading export OEM for Electric Vehicles (EV) for products such as EDS Brackets, Transcradle Bracket, Mid-Metal Shield, S3 Pack and Battery Stampings for Rs 270 crore over 5 years. This order is through the Joint Venture -Marelli Talbros Chassis Systems. It received orders for Forgings products for applications such as transmission, engines, driveline and off-highway for Rs 120 crore over 5 years. It received orders worth Rs 75 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. Besides, it received orders worth Rs 40 crore for over 5 years for the gasket products from both domestic and export OEM customers. It received order of Rs 75 crore over 5 years for a leading domestic OEM for products such as Muffler Hanger, Damper Front and Hose Canister Air Suction. This is through its Joint Venture - Talbros Marugo Rubber.
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 domestically and in the export market in the coming years. This is also leads to improving margins.
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.
