As of 6 Nov 2026, Talbros Engineering trades at 10.5× trailing earnings, below the industry P/E of 25.6×, and the shares are 19% below their 52-week high. Sales and net profit grew 6.6% and 1.5% a year over 3 years, with ROCE of 19% and ROE of 17%. Debt is 0.81× equity, and its dividend yield is 0.5%. It is a small-cap company with a market cap of ₹314 Cr, ranked 95th of 140 Auto Parts companies by market cap; the shares fell 2.4% over the past year.
- ₹608.10
- ₹625.00
- ₹591.00
- ₹608.10
- 2.3K
Health check
- ReturnsBehind
−2.4% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 10.5 vs industry 25.6.
- GrowthSlow
Sales +6.6%, profit +1.5% a year over 3 years.
- ProfitabilityAverage
ROCE 19.1% vs peer median 15.6%.
- Balance sheetFair
Debt 0.81× equity, interest covered 5.6×, Piotroski 7 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹314 Cr
- Small cap
- P/E
- 10.5
- Industry 25.6
- Price to book
- 1.72
- Peers 8.75
- Dividend yield
- 0.48%
- ROE
- 17.3%
- Peers 12.3%
- ROCE
- 19.1%
- Peers 15.6%
- Debt to equity
- 0.81
- Debt ₹148 Cr
- EPS (TTM)
- ₹58.71
- OPM (TTM)
- 11.3%
- Net margin 5.5%
- Sales growth
- +6.8%
- Latest quarter vs a year ago
- Profit growth
- +12.5%
- Latest quarter vs a year ago
- Price to sales
- 0.58
- EV/EBITDA 7.3
Strengths and risks
Strengths
- P/E of 10.5 against an industry P/E of 25.6.
- Positive operating cash flow in each of the last 4 years.
About Talbros Engineering
Talbros Engineering Limited manufactures and sells rear axle shafts for automobile companies in India and internationally. The company provides spindle shafts; light, medium, and heavy-duty axle shafts; and off-highway, tandem, straight, front, and assembled axle shafts. It also provides engineering services for new product development, manufacturing outsourcing, 3rd party inspection, quality certification, and drawing preparation. The company was…
- Headquarters
- Faridabad
- Employees
- 336
- Sector
- Consumer Cyclical
- ISIN
- INE717E01013
- Website
- talbrosaxles.com
Price range
- Avg volume (3M)
- 1.9K
- 1-year return
- minus 2.4%
- From 52-week high
- minus 19.4%
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.32% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 54.2 | 19.50 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.53% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.40% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.99% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.1% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| TALBROSENGTalbros Engineering | 617.65 | plus 1.57% | 314 | 10.5 | 1.72 | 19.1% | 17.3% | 11.3% | 6.6% | 1.5% | 0.48% | minus 2.4% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 15.6% | 12.3% | 15.1% | 12.3% | 22.3% | 0.40% | 6.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 122 | 131 | 139 | 144 | 130 | |
| 109 | 116 | 124 | 126 | 116 | |
| 12.8 | 14.5 | 15.4 | 17.7 | 13.9 | |
| 10.5% | 11.1% | 11.1% | 12.3% | 10.7% | |
| 0.8 | 0.6 | 0.8 | 1.3 | 0.7 | |
| 2.9 | 3.7 | 2.9 | 2.9 | 3.2 | |
| 3 | 3 | 3.1 | 3 | 3.3 | |
| 7.7 | 8.4 | 10.2 | 13 | 8.2 | |
| 27.3% | 22.2% | 26.8% | 26.4% | 23.6% | |
| 5.6 | 6.5 | 7.5 | 9.5 | 6.3 | |
| 11.00 | 12.89 | 14.75 | 18.70 | 12.37 |
Profit & loss
- Sales CAGR 3Y
- +6.6%
- Profit CAGR 3Y
- +1.5%
- EPS CAGR 3Y
- +1.5%
- ROE
- 17.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 427 | 393 | 430 | 517 | |
| – | minus 7.9% | +9.5% | +20.3% | |
| 374 | 350 | 381 | 457 | |
| 53.4 | 42.9 | 49.6 | 60.4 | |
| 12.5% | 10.9% | 11.5% | 11.7% | |
| −1.1 | −2.8 | −2.7 | −0.5 | |
| 5.6 | 6.2 | 8.6 | 8.5 | |
| 9.2 | 10 | 11.2 | 12.1 | |
| 0 | 0.1 | 0.2 | 0.1 | |
| 37.5 | 24.1 | 27.2 | 39.3 | |
| 25.5% | 26.0% | 25.9% | 25.8% | |
| 27.9 | 17.8 | 20.2 | 29.2 | |
| – | minus 36.1% | +13.1% | +44.6% | |
| 55.01 | 35.13 | 39.73 | 57.44 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.1 | 5.1 | 5.1 | 5.1 | |
| 114 | 130 | 149 | 177 | |
| 101 | 113 | 132 | 148 | |
| 54.2 | 40.9 | 50.3 | 51.5 | |
| 275 | 289 | 337 | 382 | |
| 135 | 162 | 181 | 217 | |
| 25.2 | 42.1 | 10.9 | 20.5 | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.1 | 0.1 | 0.2 | 0.2 | |
| 115 | 84.8 | 144 | 144 | |
| 275 | 289 | 337 | 382 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 31 | 31.1 | 34.4 | 44.6 | |
| −44.9 | −38 | −26.5 | −52.6 | |
| 13.9 | 6.8 | −7.8 | 8 | |
| 0.1 | 0 | 0.1 | −0 | |
| −45 | −38.2 | −26.9 | −52.6 | |
| −14 | −7 | 7.5 | −8.1 | |
| −1 | −1.8 | −1.3 | −1.3 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.