The auto stock, which is backed by ace investors Mr. Vijay Kedia, Ms. Dolly Khanna, and Mr. Sanjeev Parekh, opened Friday’s trading session on a positive note and hit a 20 percent upper circuit in just a few minutes of the opening bell.
With a market capitalization of Rs. 1,291 cr, the share of Talbros Automotive Components Limited opened positively at Rs. 231 and in just a few minutes of opening bell the share went to hit a 20 percent upper circuit at Rs. 251 apiece.
Thursday, the share closed its trading day at Rs. 1,047.65 apiece on NSE, and after the price adjustment, the stock opened at Rs. 231 in today’s morning session.
The positive move in the stock was observed, the company board had fixed 27th October 2023 as the record date for the stock split in a 1:5 ratio. The adjustment was made in Friday’s opening session.
On 23rd October 2023, this Vijya Kedia portfolio stock in an exchange filing informed about the stock split of existing equity shares of the company from 1 equity share having a face value of Rs. 10/- each fully paid up capital, into 5 equity shares face value of Rs. 2/- each fully paid up capital with effect from 27th October 2023.
Digging into the financials of the company, the revenue of the company for the June quarter was Rs. 182.83 cr, and the consolidated net profit was Rs. 17.42 cr during the same period.
Coming onto the important financial ratios of the company, the return on equity was 16.6 percent during FY22-23 and the return on capital employed was 19.32 percent during the same period.
As per the shareholding pattern of the auto company for the July to September quarter, Ace investor Mr. Vijay Kedia holds 1.50 lakh equity shares equating to 1.22 percent of the company.
According to the latest shareholding pattern of the company, Promoters hold 58.42 percent of the company, Retail Investors have 41.48 percent holdings, FIIs have taken 0.02 percent of the company, and the remaining 0.08 percent shares are with DIIs.
The company has given multi-bagger returns to its investors managing to give 118 percent return in just 6 months and more than 120 percent return in just one year.
For example, if someone had invested Rs. 1 lakh in this company’s share a year ago, the worth of those shares would be Rs. 2.20 lakhs.
Talbro Automotive Ltd is an Indian-based company that is primarily involved in the manufacturing of automotive components. The company offers a range of products, including multilayer steel gaskets, rubber molded gaskets, and other various products.
Written By Vaibhav Patil
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