Talbros Engineering share price & results
- Jun 2026
- Sept 2026
Faridabad (Haryana)-based manufacturer of automotive axle shafts, produced using cold-extrusion technology across eight plants in Faridabad and Palwal.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 130 | +6.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 10.7 | +0.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 6.3 | +12.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 17.78 | +3.5 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -1.49 | −3.1 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 17.09 | +11.4 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −5.1% 1Y
1Y: ₹616.1 on 24 Oct 2025 → ₹584.9. High ₹742.6 (10 Feb 2026), low ₹571.95 (23 Oct 2026).
- Previous close
- ₹588.7
- Market cap
- ₹321 Cr
- 52-week range
- ₹571.95 – ₹742.6
- One year
- −6.02%
- Price to earnings (TTM to Jun 2026)
- 10.75×
- Return on equity (TTM to Jun 2026)
- 17.78%
Overview
- Symbol
- NSE:TALBROSENG
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What TALBROS ENGINEERING LIMITED does
Based on the company's own presentations, annual report and earnings calls.
Talbros Engineering Limited manufactures axle shafts, its sole reported product line, for the automotive components industry. The company uses cold-extrusion technology to strengthen the shafts and improve production efficiency. Manufacturing is spread across eight unit locations in Faridabad and Palwal district, Haryana, and output is sold to both domestic customers and export markets. It operates as a standalone entity with no subsidiaries, joint ventures or associate companies.
Segments
- Axle shafts
- Manufacturing units
- 8 (across Faridabad & Palwal district, Haryana)
- Employees
- 238 (FY25)
- Captive rooftop solar power
- 500 kW (installed at IMT plant)
- Reported business segments
- 1 (Axle shafts only)
- Subsidiaries / joint ventures / associates
- 0 (standalone company)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +13% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 103 | 115 | 125 | 122 | 131 | 139 | 144 | 130 |
| Expenses | 90 | 102 | 111 | 109 | 116 | 124 | 126 | 116 |
| Operating profit | 12 | 13 | 14 | 13 | 15 | 15 | 18 | 14 |
| Operating margin | 11.9% | 11.1% | 11.2% | 10.5% | 11.1% | 11.1% | 12.3% | 10.7% |
| Other income | 0 | 0 | -0 | 1 | 1 | 1 | 1 | 1 |
| Interest | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 6 | 7 | 8 | 8 | 8 | 10 | 13 | 8 |
| Tax rate | 25.6% | 21.4% | 29.8% | 27.3% | 22.1% | 26.8% | 26.4% | 23.6% |
| Net profit | 5 | 5 | 5 | 6 | 7 | 7 | 10 | 6 |
| EPS (₹ per share) | 9.44 | 10.52 | 10.48 | 10.99 | 12.88 | 14.75 | 18.81 | 12.39 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 444 | 410 | 446 | 536 |
| Expenses | 391 | 367 | 396 | 475 |
| Operating profit | 53 | 43 | 50 | 60 |
| Other income | 3 | 1 | 0 | 3 |
| Interest | 9 | 10 | 12 | 12 |
| Depreciation | 9 | 10 | 11 | 12 |
| Profit before tax | 37 | 24 | 27 | 39 |
| Net profit | 28 | 18 | 20 | 29 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 88 | 114 | 130 | 149 | 160 | 177 |
| Borrowings | 98 | 101 | 113 | 132 | 130 | 148 |
| Other liabilities | 56 | 54 | 41 | 50 | 53 | 52 |
| Total liabilities | 246 | 275 | 289 | 337 | 348 | 382 |
| Fixed assets | 86 | 110 | 120 | 171 | 180 | 197 |
| Capital work in progress | 9 | 22 | 39 | 4 | 18 | 18 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 151 | 143 | 130 | 162 | 150 | 166 |
| Total assets | 246 | 275 | 289 | 337 | 348 | 382 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 14 | 9 | 31 | 31 | 34 | 45 |
| Cash from investing | -6 | -19 | -45 | -38 | -27 | -53 |
| Cash from financing | -4 | 6 | 14 | 7 | -8 | 8 |
| Net cash flow | 4 | -4 | 0 | 0 | 0 | 0 |
| Free cash flow | 8 | -9 | -14 | -7 | 8 | -8 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 62 | 74 | 52 | 45 | 66 | 54 |
| Inventory days | 130 | 106 | 100 | 112 | 103 | 103 |
| Days payable | 88 | 75 | 52 | 30 | 34 | 36 |
| Cash conversion cycle | 104 | 104 | 100 | 126 | 135 | 121 |
| Working capital days | 10 | 29 | 28 | 27 | 23 | 18 |
| Return on capital employed | 15.0% | 22.0% | 23.0% | 14.0% | 15.0% | 17.0% |
| Dividend payout | 7.0% | 5.0% | 4.0% | 11.0% | 6.0% | 5.0% |
What the price assumes
FairTo justify its price of ₹585, this stock must grow earnings at 0% every year for 7 years. Our analysis caps realistic growth at ~1%. At that growth it is worth ₹606 — upside of 4%.
- Growth the price implies
- 0.4% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 1.1% a year
- net profit, FY23–FY26 · EPS 1.1%
- The gap
- -0.0 pp
- 4% downside if it only repeats history
Ownership
Who owns it
Promoters hold 72.59% as of Sept 2026; institutions cut 0.01 pts since Jun 2026.
- Promoters 72.59%
- Domestic institutions 0.01%
- Public 27.40%
Who is on the register
Named in the Sep 2026 filing
Every holder of TALBROS ENGINEERING LIMITED above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 19.93% | unchanged | |
| 19.91% | unchanged | |
| 7.78% | unchanged | |
| 7.61% | −0.72 pp | |
| 7.47% | unchanged | |
| 6.51% | unchanged | |
| 5.60% | unchanged | |
| 5.34% | unchanged | |
| 1.80% | −0.05 pp | |
| 0.05% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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