Talbros automotive components ltd

Talbros Automotive Components is engaged in the business of manufacturing Gaskets and forging. The company is a single source supplier to 5 customers including Hero Motocorp and Bajaj Auto. Other clients include Tata Motors, JLR, HMSI, Volvo, Hyundai, KIA and Maruti • Talbros Automotive Components Ltd reported Total revenue for Q4 FY23 of ₹175 Crore, up from ₹148 Crore year on year depicting a growth of 19%. • Total Expenses for Q4 FY23 of ₹159 Crore up, from ₹136 Crore year on year, a growth of 17%. • Consolidated Net Profit of ₹17 Crore, up 31% from ₹13 Crore in the same quarter of the previous year. • The Earnings per Share is ₹13.68, up 34% from ₹10.21 in the same quarter of the previous year.

Fiscal year is February-January. All values INR Millions. 2023 2022 2021 2020 2019 5-year trend Net Income before Extraordinaries - - - - - Cash & Short Term Investments 81 54 118 76 92 Cash Only 81 53 114 69 83 Short-Term Investments - - - - - Cash & Short Term Investments Growth 50.74% -54.53% 55.17% -17.54% - Cash & ST Investments / Total Assets 1.24% 0.94% 2.21% 1.57% 1.82% Total Accounts Receivable 1,724 1,573 1,615 1,323 1,416 Accounts Receivables, Net - 1,515 1,550 1,252 1,353 Accounts Receivables, Gross - 1,555 1,596 1,283 1,354 Bad Debt/Doubtful Accounts - (40) (47) (32) (1) Other Receivables - 59 65 71 64 Accounts Receivable Growth 9.59% -2.58% 22.08% -6.60% - Accounts Receivable Turnover 3.75 3.67 2.75 2.91 3.41 Inventories 1,325 1,186 1,082 1,124 1,153 Finished Goods - 266 182 173 147 Work in Progress - 427 411 500 481 Raw Materials - 449 428 406 435 Progress Payments & Other - 43 60 45 90 Other Current Assets 312 213 174 126 142 Prepaid Expenses - 11 8 6 8 Miscellaneous Current Assets - 202 166 119 134 Total Current Assets 3,442 3,026 2,989 2,649 2,804 Net Property, Plant & Equipment 1,727 1,609 1,508 1,534 1,507 Property, Plant & Equipment - Gross - 3,243 2,948 2,798 2,592 Buildings - 315 301 312 312 Land & Improvements - 69 69 70 70 Machinery & Equipment - 2,458 2,225 2,076 1,821 Construction in Progress - 76 54 41 109 Leases - 48 45 44 41 Computer Software and Equipment - - - - - Leased Property - - - - - Transportation Equipment - 50 42 44 45 Other Propert...

Rs (in Crores) Mar'23 Dec'22 Sep'22 Jun'22 Mar'22 INCOME Net Sales Turnover 174.95 158.53 160.73 152.97 148.05 Other Income 1.92 1.13 1.44 1.71 1.86 Total Income 176.87 159.66 162.17 154.68 149.91 EXPENSES Stock Adjustments 3.17 -1.10 -3.58 -5.52 -3.11 Raw Material Consumed 92.25 86.41 89.45 85.06 79.12 Power and Fuel .00 .00 .00 .00 .00 Employee Expenses 17.53 17.23 18.07 17.86 15.93 Administration and Selling Expenses .00 .00 .00 .00 .00 Research and Development Expenses .00 .00 .00 .00 .00 Expenses Capitalised .00 .00 .00 .00 .00 Other Expenses 37.07 33.35 36.10 36.52 35.13 Provisions Made .00 .00 .00 .00 .00 TOTAL EXPENSES 150.03 135.89 140.04 133.93 127.08 Operating Profit 24.92 22.64 20.69 19.04 20.97 EBITDA 26.84 23.77 22.13 20.75 22.83 Depreciation 5.85 6.28 6.05 5.55 5.76 EBIT 20.99 17.49 16.09 15.20 17.07 Interest 3.16 3.27 2.65 2.28 2.79 EBT 17.83 14.22 13.44 12.93 14.29 Taxes 4.54 3.53 3.41 3.24 4.26 Profit and Loss for the Year 13.29 10.69 10.03 9.69 10.03 Extraordinary Items .00 .00 .00 .00 .00 Prior Year Adjustment .00 .00 .00 .00 .00 Other Adjustment .00 .00 .00 .00 .00 Reported PAT 13.29 10.69 10.03 9.69 10.03 KEY ITEMS Reserves Written Back .00 .00 .00 .00 .00 Equity Capital 12.35 12.35 12.35 12.35 12.35 Reserves and Surplus .00 .00 .00 .00 .00 Equity Dividend Rate .00 .00 .00 .00 .00 Agg. Non-Promoter Share(Lakhs) .00 .00 .00 .00 .00 Agg. Non-Promoter Holding(%) .00 .00 .00 .00 .00 Government Share .00 .00 .00 .00 .00 Capital Adequacy Ratio .00 .00 .00 ....

• The company has shown a good profit growth of 19.564726087998% for the Past 3 years. • The company has an efficient Cash Conversion Cycle of -14.8653319839983 days. • The company has a good cash flow management; CFO/PAT stands at 1.73786980545643. • The company has a high promoter holding of 58.42%. • The company has a strong degree of Operating leverage, Average Operating leverage stands at 3.99099902389658. Quarterly Result (All Figures in Cr.) PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Net Sales 148.05 152.97 160.73 158.53 174.95 Total Expenditure 127.08 133.93 140.04 135.89 150.03 Operating Profit 20.97 19.04 20.69 22.64 24.92 Other Income 1.86 1.71 1.44 1.13 1.92 Interest 2.79 2.28 2.65 3.27 3.16 Depreciation 5.76 5.55 6.05 6.28 5.85 Exceptional Items 0 0 0 0 0 Profit Before Tax 14.29 12.93 13.44 14.22 17.83 Tax 4.26 3.24 3.41 3.53 4.54 Profit After Tax 10.03 9.69 10.03 10.69 13.29 Adjusted EPS (Rs) 8.12 7.85 8.12 8.66 10.77 Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.) PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Net Sales 392.98 482.85 385.29 444.2 577.24 Total Expenditure 354.28 432.82 348.75 388.52 504.46 Operating Profit 38.7 50.03 36.55 55.68 72.78 Other Income 11.53 12.83 8.91 8.95 10.4 Interest 13.94 15.53 16.1 13.49 11.77 Depreciation 14.19 17.9 19.17 22.98 22.89 Exceptional Items 2.16 0 -2.14 18.12 0 Profit Before Tax 24.26 29.44 8.04 46.28 48.53 Tax 5.16 7.76 1.32 12.68 11.48 Net Profit 19.09 21.68 6.72 33.61 37.05 Adjus...