Talbros Auto. Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 15 Jul 2026 | Auto Components | Market Cap: ₹2.6K Cr
Targeting minimum 25% growth over the next two years across various divisions. - Expect around 12-15% growth in the gasket business. - Heat shield segment projected to grow ~25% in the next 1-2 years, with revenues estimated at Rs. Talbros Automotive expects overall revenue growth of around 20%+ over the next couple of years, driven by multiple business segments including Gasket (12-15%), Heat Shield (25%), Forging (25%), Marelli JV (30-35%), and Marugo (around 25%).
From Talbros Auto.'s Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹413
Market Cap
₹2.6K Cr
P/E Ratio
23.1
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Talbros Auto. — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹237 Cr, net profit ₹32 Cr.
Full financials →📊 Revenue & Sales Performance
- →Targeting minimum 25% growth over the next two years across various divisions.
- →Expect around 12-15% growth in the gasket business.
- →Heat shield segment projected to grow ~25% in the next 1-2 years, with revenues estimated at Rs. 65-70 Cr in FY '26.
- →Forging segment aiming for 25% growth, targeting Rs. 500 Cr by FY '27 (~27% YoY growth).
- →Marelli JV expected to reach about Rs. 500 Cr revenue by FY '27 with ~15% EBITDA margins.
- →Talbros Marugo Rubber (TMR) segment remains very positive, targeting ~25% growth.
- →Overall company growth guidance maintained at a 20%+ CAGR over the next few years.
- →EV component revenue expected to cross 12% of total revenues, though project launches are delayed.
- →New orders worth Rs. 1,478 Cr in FY '25 to gradually convert into revenues in upcoming quarters.
📈 Profitability & Margins
🏗️ Capital Expenditure Plans
- →Talbros plans an ₹80 crore CAPEX by FY '27, focused on capacity expansion; details to be clearer by May with annual results after fresh OE customer orders are finalized.
- →Marelli JV's shed is ready; total CAPEX approx. ₹45-50 crore. Production to start Aug-Sep 2025, targeting ₹500 crore revenue by FY '27 with ~15% EBITDA margin.
- →New plant for Stellantis order commissioning in next six months, increasing capacity to ~₹500 crore.
- →Capacity utilization: Gasket/Shield approx. ₹530-540 crore potential (85% utilized), Forging ₹350 crore potential (70-75% utilized), Machining 90% utilized, Marugo plant producing ~₹130-135 crore of ₹180 crore capacity.
- →Localization efforts ongoing to reduce imports with target savings of ₹8-10 crore.
- →CAPEX focus will be on divisions with order inflow and capacity needs across segments without prioritizing any single division.
💰 Fundraising & Capital Structure
📋 Order Book & Pipeline
- →In FY '24, Talbros secured new orders worth ₹980 crore.
- →In the first 9 months of FY '25, additional new contracts worth ₹1,478 crore were secured.
- →The company has pending orders for EV components from top OEMs, with the project experiencing some launch delays.
- →For Marelli JV, the orderbook includes significant deals, but production commercializations were delayed by 6-9 months; however, orders remain intact.
- →Heat Shield segment has new orders of ₹245 crore secured.
- →Export orders from European and U.S. customers have faced schedule delays but are expected to commercialize by Q2 or Q3 of FY '26.
- →The company anticipates ramping up with these orders and expects the orderbook to grow, particularly driven by EV and export segments.
Key Metrics
Frequently Asked Questions
What were Talbros Auto. Q3 FY25 results?
Targeting minimum 25% growth over the next two years across various divisions. - Expect around 12-15% growth in the gasket business. - Heat shield segment projected to grow ~25% in the next 1-2 years, with revenues estimated at Rs. Talbros Automotive expects overall revenue growth of around 20%+ over the next couple of years, driven by multiple business segments including Gasket (12-15%), Heat Shield (25%), Forging (25%), Marelli JV (30-35%), and Marugo (around 25%).
What is Talbros Auto. share price analysis?
Talbros Auto. currently shows a neutral. The stock trades at a P/E of 23.1 with a market cap of ₹2,590 Cr. Investors should review the full earnings analysis for detailed insights.
Is Talbros Auto. planning capital expenditure?
Talbros plans an ₹80 crore CAPEX by FY '27, focused on capacity expansion; details to be clearer by May with annual results after fresh OE customer orders are finalized. - Marelli JV's shed is ready; total CAPEX approx.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.