Manufactures gaskets, heat shields and forged automotive components for vehicle makers in India and abroad. The Gasket and Heat Shield division, which contributed 52% of consolidated FY26 revenue, holds a 50% share of the Indian gasket market and supplies to two-wheeler, agricultural, off-highway and commercial vehicle OEMs; its heat-shield line for EV and hybrid engines generated INR 48 crores in FY26. The Forging division supplies forged components to OEMs and booked INR 500 crores of new orders from a European car maker, with Q4 FY26 division revenue of INR 76.2 crores. Two joint ventures sit alongside the standalone business: Marelli Talbros Chassis (chassis components, FY26 revenue INR 346 crores, +21% YoY) and Talbros Marugo (rubber/anti-vibration products). A new JV with Lohum Cleantech will trade, manufacture and refine recovered Carbon Black and devulcanized rubber from July–October 2026. Raw materials at 52.7% of revenue are the dominant cost, followed by employee cost at 11.4%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Gasket and Heat Shield division (52%), Forging division, Marelli Talbros Chassis JV, Talbros Marugo JV, Lohum Talbros JV. Diversified auto-components manufacturer across gaskets, heat shields and forgings, with multiple JVs
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 577 | 647 | 778 | 827 | 870 |
| EBITDA (ex other income) | 76 | 87 | 157 | 130 | 137 |
| margin % | 13.1 | 13.5 | 20.2 | 15.7 | 15.7 |
| Owners' profit | 45 | 56 | 0 | 0 | 104 |
| EPS, as reported (₹) | 36.36 | 45.08 | 17.82 | 15.30 | 16.87 |
| ROE % · ROCE % | 14.9 · 18.7 | 15.1 · 17.8 | 20.5 · 24.5 | 14.9 · 16.9 | 14.0 · 15.5 |
| Debt / equity (x) | 0.30 | 0.24 | 0.16 | 0.13 | 0.10 |
| Cash from operations | 52 | 57 | 67 | 80 | 85 |
| Capex | (34) | (42) | (60) | (54) | (41) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 215 | 201 | 206 | 207 | 213 | 214 | 237 | 238 |
| Profit before tax | 26 | 24 | 28 | 24 | 24 | 28 | 33 | 32 |
| Net profit | 23 | 24 | 27 | 22 | 23 | 27 | 32 | 30 |
| EPS (₹) | 3.79 | 3.86 | 4.31 | 3.60 | 3.74 | 4.41 | 5.12 | 4.86 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,73,567 | 39.6 | 3.98 | 15.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,42,736 | 60.4 | 9.61 | 35.1 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 92,992 | 131.7 | 9.73 | 33.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 69,386 | 57.6 | 9.56 | 31.7 | 17.7 | 15.7 | 25.3 | 10.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Talbros Auto to attend Arihant investor conference on Sep 28 | board shareholder meetings | low | — | — |
| 9 Sept 2026 · NSE flags unusual trading volume; company responds to exchange query | regulatory legal | medium | — | — |
| 7 Sept 2026 · NSE seeks clarification after sharp rise in trading volume | regulatory legal | medium | — | — |
| 31 Aug 2026 · Newspaper notice for 69th AGM and Annual Report dispatch for FY 2025-26 | compliance | minimal | — | — |
| 29 Aug 2026 · Talbros 69th AGM on Sept 25, 2026; Rs 0.75/share total dividend, related party deals on agenda | board shareholder meetings | low | — | — |
| 29 Aug 2026 · Talbros Auto submits FY26 Annual Report and 69th AGM notice; AGM on 25 Sep | board shareholder meetings | medium | — | — |
| 27 Aug 2026 · Talbros Auto announces 69th AGM on Sep 25 via VC; Final Dividend Re 0.55 per share | compliance | minimal | — | — |
| 24 Aug 2026 · Analyst/investor meeting scheduled on September 1, 2026 | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Talbros Auto schedules analyst and investor meetings on 31 August | board shareholder meetings | low | — | — |
| 11 Aug 2026 · Audio recording of Q1 FY27 earnings call shared | investor communications | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| SCHAEFFLER INDIA LIMITED |
| 61,739 |
| 49.3 |
| 10.04 |
| — |
| 10.4 |
| 14.1 |
| — |
| 19.4 |
| TUBE INVEST OF INDIA LTD | 50,454 | 83.1 | 3.55 | 19.5 | 7.9 | 12.4 | 30.3 | 10.6 |
| SONA BLW PRECISION FRGS L | 49,016 | 70.4 | 7.99 | 42.6 | 10.3 | 12.9 | — | 25.1 |
| ENDURANCE TECHNO. LTD. | 37,964 | 39.1 | 5.55 | 18.6 | 13.9 | 15.6 | 17.4 | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 23.4 | 26.7 | 55 of 123 | 56% |
| P/B | 3.5 | 3.5 | 59 of 116 | 50% |
| ROCE | 13.8 | 12.6 | 57 of 125 | 55% |
| ROE | 14.0 | 11.6 | 44 of 119 | 64% |
| Debt / Equity | 0.1 | 0.3 | 40 of 119 | 67% |
| EBITDA margin | 17.9 | 12.2 | 27 of 118 | 78% |
| Revenue growth | 15.3 | 20.2 | 77 of 113 | 32% |
| Profit growth | 35.2 | 24.4 | 47 of 115 | 60% |
| Market cap | 2617 | 1542 | 52 of 125 | 59% |
| A rating (BUY / ADD / REDUCE / SELL) |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
