BSE: 538987
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. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Automotive components. Auto-component manufacturer with capex-heavy, multi-location expansion
Exhibit 1: Financial summary, – (all audited; no estimate years)
| ₹ crore · consolidated |
|---|
| Revenue |
| EBITDA (ex other income) |
| margin % |
| Owners' profit |
| EPS, as reported (₹) |
| ROE % · ROCE % |
| Debt / equity (x) |
| Cash from operations |
| Capex |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q1 FY27 |
|---|---|
| Revenue | 130 |
| Profit before tax | 8 |
| Net profit | 6 |
| EPS (₹) | 12.37 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,69,176 | 38.6 | 3.87 | 15.1 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,39,756 | 59.1 | 9.41 | 34.3 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 83,937 | 118.9 | 8.78 | 30.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 63,520 | 52.8 | 8.75 | 29.1 | 17.7 | 15.7 | 25.3 | 10.4 |
| SCHAEFFLER INDIA LIMITED | 56,735 | 45.3 | 9.23 | — | 10.4 | 14.1 | — | 19.4 |
| SONA BLW PRECISION FRGS L | 54,705 | 78.5 | 8.92 | 47.5 | 10.3 | 12.9 | — | 25.1 |
| TUBE INVEST OF INDIA LTD | 41,237 | 67.9 | 2.90 | 15.9 | 7.9 | 12.4 | 30.3 | 10.6 |
| ENDURANCE TECHNO. LTD. | 32,484 | 33.5 | 4.75 | 15.9 | 13.9 | 15.6 | 17.4 | 13.2 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 48.0 | 25.3 | 95 of 119 | 20% |
| EBITDA margin | 11.2 | 12.2 | 70 of 118 | 41% |
| Market cap | 301 | 1460 | 87 of 126 | 31% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Board meeting set for November 3, 2026 results | results | low | — | — |
| 7 Oct 2026 · Quarterly compliance certificate for share dematerialization | compliance | minimal | — | — |
| 30 Sept 2026 · Talbros Engineering 40th AGM: All 7 resolutions passed; Rs 3 dividend declared | board shareholder meetings | medium | — | — |
| 30 Sept 2026 · Final dividend of Rs 3 per share approved for FY 2025-26 | corporate actions | high | — | — |
| 30 Sept 2026 · Chairman outlines 20% revenue growth, 44% profit jump at 40th AGM | investor communications | medium | — | — |
| 30 Sept 2026 · Talbros Engineering 40th AGM: All 7 resolutions approved, Rs 3 dividend declared | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Re-appointment of Independent Director Mrs Shashi Khurana approved | management changes | medium | — | — |
| 26 Sept 2026 · Trading window closed ahead of Q2/H1 FY26 results | compliance | minimal | — | — |
| 7 Sept 2026 · Talbros Engineering 40th AGM notice and FY26 annual report dispatched | compliance | minimal | — | — |
| 5 Sept 2026 · Talbros sends AGM web links to shareholders without registered email | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| 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 |
Sources, method and disclosures
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.