Talbros Automotive Components Ltd

About

Talbros Automotive Components is engaged in the business of manufacturing Gaskets and forging.

  • Market Cap 149 Cr.
  • Current Price 121
  • High / Low 162 / 62.0
  • Stock P/E 276
  • Book Value 160
  • Dividend Yield 0.41 %
  • ROCE 8.86 %
  • ROE 6.87 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.75 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor growth of 0.04% over past five years.
  • Company has a low return on equity of 10.87% for last 3 years.
  • Earnings include an other income of Rs.9.59 Cr.
  • Dividend payout has been low at 7.19% of profits over last 3 years
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
100.80 101.99 110.17 123.18 128.29 125.14 106.24 107.48 90.75 95.43 91.64 48.79
90.90 90.90 97.34 109.77 113.59 112.73 95.84 96.77 81.87 85.70 83.61 51.34
Operating Profit 9.90 11.09 12.83 13.41 14.70 12.41 10.40 10.71 8.88 9.73 8.03 -2.55
OPM % 9.82% 10.87% 11.65% 10.89% 11.46% 9.92% 9.79% 9.96% 9.79% 10.20% 8.76% -5.23%
Other Income 5.14 3.48 3.74 2.97 3.81 4.92 4.95 3.55 3.48 4.12 0.30 1.69
Interest 3.52 3.53 3.53 3.81 3.92 3.98 3.82 4.01 4.14 4.22 3.73 3.74
Depreciation 3.48 3.32 4.06 3.92 4.53 4.81 4.64 4.62 4.82 4.65 5.08 4.55
Profit before tax 8.04 7.72 8.98 8.65 10.06 8.54 6.89 5.63 3.40 4.98 -0.48 -9.15
Tax % 13.56% 26.55% 15.92% 28.09% 24.06% 24.82% 11.47% 18.29% 11.76% 13.25% 158.33% 3.28%
Net Profit 6.94 5.67 7.55 6.21 7.64 6.42 6.11 4.60 3.01 4.32 0.27 -8.86
EPS in Rs 5.62 4.59 6.12 5.03 6.19 5.20 4.95 3.73 2.44 3.50 0.22 -7.18
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
207 249 317 371 341 362 384 388 325 393 483 385 327
184 220 280 327 300 322 345 344 293 354 433 349 303
Operating Profit 23 29 36 44 41 40 39 43 31 39 50 36 24
OPM % 11% 12% 11% 12% 12% 11% 10% 11% 10% 10% 10% 9% 7%
Other Income 2 4 5 2 5 12 9 4 11 18 18 13 10
Interest 11 15 17 20 21 19 19 18 16 14 16 16 16
Depreciation 9 10 11 11 10 10 10 15 12 14 18 19 19
Profit before tax 5 10 14 16 14 22 19 14 14 28 34 14 -1
Tax % 86% 9% 10% 7% 4% 12% 26% 32% 15% 18% 23% 10%
Net Profit 1 9 13 14 14 19 14 10 12 23 26 12 -1
EPS in Rs 0.52 7.10 10.20 11.65 11.24 15.64 11.44 7.87 9.90 18.55 21.37 9.88 -1.02
Dividend Payout % 251% 42% 29% 53% 64% 56% 74% 19% 15% 8% 8% 5%
Compounded Sales Growth
10 Years:4%
5 Years:0%
3 Years:6%
TTM:-30%
Compounded Profit Growth
10 Years:5%
5 Years:-2%
3 Years:5%
TTM:-98%
Stock Price CAGR
10 Years:5%
5 Years:0%
3 Years:-16%
1 Year:-3%
Return on Equity
10 Years:11%
5 Years:10%
3 Years:11%
Last Year:7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
12 12 12 12 12 12 12 12 12 12 12 12
Reserves 62 67 75 85 94 107 115 119 143 167 186 186
Borrowings 96 111 93 116 119 124 133 125 121 124 155 153
68 76 119 109 105 102 124 139 116 161 144 128
Total Liabilities 238 267 299 322 330 346 384 396 393 465 498 480
98 105 106 107 105 108 114 117 119 128 144 153
CWIP 6 6 2 1 4 10 9 1 2 3 7 1
Investments 2 1 1 2 3 4 6 7 54 63 61 53
132 155 190 211 218 224 254 270 219 271 286 273
Total Assets 238 267 299 322 330 346 384 396 393 465 498 480

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
12 16 28 27 29 25 33 33 38 34 16 37
-15 -14 -5 -7 -13 -9 -14 -4 -13 -19 -36 -15
2 -3 -25 -18 -14 -16 -20 -28 -23 -15 18 -21
Net Cash Flow -1 -0 -2 2 2 -1 -1 1 2 -0 -1 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 10% 13% 16% 18% 16% 14% 16% 13% 11% 13% 15% 9%
Debtor Days 77 78 76 70 69 70 70 75 101 115 102 119
Inventory Turnover 2.41 2.54 2.51 2.44 2.04 2.12 2.02 1.73 0.14 0.20 0.24 0.13

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
56.63 56.63 56.63 56.63 56.63 56.63 56.63 57.16 57.68 58.16 58.16 58.16
0.07 0.09 0.02 0.13 0.12 0.11 0.02 0.01 0.01 0.01 0.01 0.01
2.00 2.02 1.97 1.96 1.92 1.94 1.57 1.48 1.51 1.48 1.48 1.48
41.30 41.26 41.38 41.28 41.33 41.32 41.78 41.35 40.80 40.35 40.36 40.36

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