TALBROS ENGINEERING LIMITED

Manufactures automotive components, including rear axle shafts and related drivetrain parts, supplying automotive OEMs. A new wholly-owned subsidiary, Talbros Nextgen Private Limited (incorporated May 12, 2026), is being set up to broaden the product range into gaskets, rear axle shafts and king pins. FY26 revenue was Rs 535.76 crore, up 20.1% from FY25, with materials forming the biggest cost line at 50.4% of revenue, employees at 7.4%, and other operating expenses at 31.0%. The company is actively expanding physical capacity: it is purchasing a 40,000 sq mtr industrial premises in Pithampur, Madhya Pradesh from an unrelated seller for Rs 25 crore, and has signed a 5-year lease for 6,500 sq ft at Sector-4, Faridabad, Haryana, effective May 10, 2026 to May 9, 2031. It has also taken 26% equity stakes in two solar power SPVs — HEXA Energy MH1 Private Limited (Rs 1.80 crore) and Clean Max Lapland Private Limited (Rs 1.34 crore) — to support renewable power sourcing. CARE Ratings reaffirmed a long-term rating of CARE A- (Stable) and short-term CARE A2+ on aggregate bank facilities of Rs 95 crore, citing comfortable financials and strong OEM ties. Capex was Rs 52.64 crore in FY26, equal to 9.8% of revenue.