Vijay Kedia and Dolly Khanna’s portfolio stock appreciated to the tune of 13 percent to reach a fresh 52-week high of ₹ 816.90 on Friday after it received multi-year orders.
Ace investor Vijay Kedia holds 150,000 shares or a 1.2 percent stake in the company. He recently decreased his stake in the company from 1.3 percent to 1.2 percent. On the other hand, Dolly Khanna holds 185,715 shares of the company or a 1.5 percent stake in it. She recently increased her stake in the company from 1.0 percent to 1.5 percent.
In an exchange filing, Talbros Automotive Components announced that it has received multi-year orders worth ₹ 400 crores from both domestic and overseas customers across its business divisions, product segments and joint ventures. This includes EV orders for ₹ 205 crores from leading OEMs. These orders are to be executed over a period of the next 5-7 years and cover the company’s product lines — gaskets, heat shields, forgings and chassis.
These orders will help the company to increase its share with existing customers and new customers across geographies, which will help it to grow and maintain market share in the company years.
Talbros Automotive Components is the flagship company of the Talbros Group. A few of its marquee customers include Bajaj Auto, Tata Cummins, Volvo Eicher India, Ashok Leyland, Escorts Group, Force Motors, Hero MotoCorp, Honda, Hyundai, Maruti Suzuki, Suzuki,Tata Motors, and so on.
With a market capitalization of ₹ 895 crores, Talbros Automotive Components is a small-cap stock. It has an ideal return on equity of 16.60 percent and an ideal debt-to-equity ratio of 0.24. Its shares were trading at a price-to-earnings ratio of 16.10 which is significantly lower than the industry P/E of 46.57, indicating that the stock might be overvalued as compared to its peers.
The company’s promoters hold a 58.42 percent stake in it, retail investors hold a 41.56 percent stake and domestic institutions hold a 0.02 percent stake in the company.
Written by Simran Bafna
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