Any current/future new fundraising through debt or equity?

The company plans a capex of around INR150 crores mainly for Forging and stand-alone business, partly funded through internal accruals and borrowings. Specifically, required debt for this capex is estimated at INR25-30 crores to cover short-term requirements. For FY '27, there is a planned capex of approximately INR165 crores funded through internal accruals and borrowings, implying some level of debt raise. No mention of any equity fundraising during the call or in the provided transcript. The company's focus is on managing growth and capacity expansion with a mix of internal funds an

Any current/future capex/capital investment/strategic investment?

Talbros plans a capex of around INR155 crores for FY '27 to support growth and new orders, especially in Forging, Marelli, and setting up a new Gujarat facility. INR115 crores of this capex is earmarked for forging and standalone business; balance is for other divisions. Capex will be completed by December 2026 with major investments in plant & machinery and some building infrastructure. An additional INR25-30 crores debt will be taken for short-term capex funding. Investment in new presses (including a INR2,500 lakh press) and CNC machines for Forging. Ongoing Marelli capex of INR23

Future growth expectations in sales/revenue/volumes?

Targeting double-digit revenue growth for FY '27, exact guidance to be provided with audited results in May 2026. Q4 FY '26 expected to be stronger than Q3 with improved exports growth, especially in Forging and Gasket segments. Gasket business to grow ~15% YoY in Q4 FY '26; Forging business expected to grow ~5%. Marelli business anticipated to grow 20%, Marugo business 10%+ in Q4 FY '26 vs. last year. INR1,100 crores revenue target by FY '27, INR1,400 crores top line possible by FY '28 for Gasket and Forging divisions, and INR2,000 crores at company level. Order book includes INR250 crores Ga

Future growth expectations in earnings/operating earnings/profits/EPS?

Talbros Automotive targets double-digit revenue growth for FY '27 and FY '28, with exact guidance to be provided after May audited results. Q4 FY '26 is expected to be stronger than Q3, with improved demand momentum and export recovery. Gasket business expected to grow ~15% YoY in Q4 FY '26; Forging business growth around 5%; Marugo business 10%+ and Marelli ~20%. EBITDA margins for the company are among the highest in the industry (~18% in Q3 FY '26) with operational efficiencies likely to sustain margin expansion. New business growth in chassis, rubber, forging, and heat shield divisions ant

Current/ Expected Orderbook/ Pending Orders?

Talbros Automotive has secured new orders worth INR 1,000 crores to be executed over the next five years. Of these, nearly INR 700 crores are export orders. Approximately INR 100 crores of the orders are for electric vehicle cars. The INR 1,000 crores order translates to about INR 200 crores per annum. The INR 250 crores order in Gasket and Heat Shields is over 5 years, averaging INR 50 crores per annum, with phased commercialization starting July, October, and January; full impact by FY '27-'28. The current order book supports continued double-digit revenue growth. Capex of INR 155 crores pla

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Talbros Automotive Components LtdQ4 FY27Auto Components

Talbros Automotive Components Ltd Q4 FY27 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹406P/E: 20.1Market Cap: ₹2.0K CrSector: Auto Components

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

Yes

Order

Yes

Capex

Yes

3 of 5 growth signals are positive.

Full analysis

Revenue guidance

Category 3

→Targeting double-digit revenue growth for FY '27, exact guidance to be provided with audited results in May 2026.
→Q4 FY '26 expected to be stronger than Q3 with improved exports growth, especially in Forging and Gasket segments.
→Gasket business to grow ~15% YoY in Q4 FY '26; Forging business expected to grow ~5%.
→Marelli business anticipated to grow 20%, Marugo business 10%+ in Q4 FY '26 vs. last year.
→INR1,100 crores revenue target by FY '27, INR1,400 crores top line possible by FY '28 for Gasket and Forging divisions, and INR2,000 crores at company level.
→Order book includes INR250 crores Gasket/Heat Shield over 5 years, commercializing progressively through FY '27 and FY '28.
→Strong demand domestic PV and CV segments, with significant export orders, especially from Europe.
→Focus on diversified portfolio including chassis rubber, forging, heat shields to offset ICE-related shifts.

Margin guidance

Category 3

→Talbros Automotive targets double-digit revenue growth for FY '27 and FY '28, with exact guidance to be provided after May audited results.
→Q4 FY '26 is expected to be stronger than Q3, with improved demand momentum and export recovery.
→Gasket business expected to grow ~15% YoY in Q4 FY '26; Forging business growth around 5%; Marugo business 10%+ and Marelli ~20%.
→EBITDA margins for the company are among the highest in the industry (~18% in Q3 FY '26) with operational efficiencies likely to sustain margin expansion.
→New business growth in chassis, rubber, forging, and heat shield divisions anticipated to outpace gasket division.
→Ongoing capacity expansion capex (~INR155-165 crores for FY '27) to support order execution and incremental earnings.
→Export segment constituting 25-35% of revenues is expected to contribute stronger growth going forward.
→Continued focus on innovation and expanding footprint in EV components.

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Fundraise plans

Yes

→The company plans a capex of around INR150 crores mainly for Forging and stand-alone business, partly funded through internal accruals and borrowings.
→Specifically, required debt for this capex is estimated at INR25-30 crores to cover short-term requirements.
→For FY '27, there is a planned capex of approximately INR165 crores funded through internal accruals and borrowings, implying some level of debt raise.
→No mention of any equity fundraising during the call or in the provided transcript.
→The company's focus is on managing growth and capacity expansion with a mix of internal funds and limited debt.

Order book

Yes

→Talbros Automotive has secured new orders worth INR 1,000 crores to be executed over the next five years.
→Of these, nearly INR 700 crores are export orders.
→Approximately INR 100 crores of the orders are for electric vehicle cars.
→The INR 1,000 crores order translates to about INR 200 crores per annum.
→The INR 250 crores order in Gasket and Heat Shields is over 5 years, averaging INR 50 crores per annum, with phased commercialization starting July, October, and January; full impact by FY '27-'28.
→The current order book supports continued double-digit revenue growth.
→Capex of INR 155 crores planned for FY '27 to support order execution, including expansions in Forging, Marelli Talbros, and a new plant in Gujarat.
→Order execution is moving from acquisition phase to higher growth with on-time delivery focus.

Capex plans

Yes

→Talbros plans a capex of around INR155 crores for FY '27 to support growth and new orders, especially in Forging, Marelli, and setting up a new Gujarat facility.
→INR115 crores of this capex is earmarked for forging and standalone business; balance is for other divisions.
→Capex will be completed by December 2026 with major investments in plant & machinery and some building infrastructure.
→An additional INR25-30 crores debt will be taken for short-term capex funding.
→Investment in new presses (including a INR2,500 lakh press) and CNC machines for Forging.
→Ongoing Marelli capex of INR23 crores to enhance existing plants' capacity.
→New facility setup planned in Gujarat by FY '27-28 end to cater to customers based in that region.
→The capex supports orders valued at approx. INR1,000 crores over 5 years.
→Capex ensures readiness for growth amid utilization levels already at 80-85%.

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