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Coming Back To Your Question on Talbro’s Automative
Outlook
Industry seeing a Tailwind in coming years due to demand Pick up Domestically and Internationally ,Although Lbit impacted due to Europe ,uk slowdown
Global gaskets and seals market was valued at $61.8 billion in 2020 and is expected to reach $78.6 billion by 2025, growing at a CAGR of 4.9 %.
The global forging industry was valued at approximately $85 billion and was expected to grow at CAGR of around 4% from 2021 to 2026.
The gaskets and seals market in India was valued at approximately $1.5 billion and was expected to grow at a CAGR of around 5.5% from 2021 to 2026.
Indian forging industry was valued at approximately $3.6 billion and is expected to grow at a (CAGR) of around 7.5% from 2021 to 2026.
Talbro’s Outlook
INR 1,000 crores is for a period of 5 years, number 1. It’s not 1 year – it’s around INR 200 crores per annum
Value added features like Noise Reduction, Emission Control, Heat Insulation at challenging temperatures and is a widely used on new generation engines including Hybrid and EVs
The company is in the process of closing more price increases to further improve margins & also the company is positive about the industry’s growth in the next year due to work on biofuels, capex policy, and pent-up demand for passenger vehicles
The company is aiming for capex of about INR 18 crores in the gasket business, including heat shield. It should be close to 20 crores INR in the Forgings. Marelli should cost between 30 and 35 crores rupees, and Marugo should cost 8 crores rupees.
Recent Product
EV : In EV product called cradle, this is the product, this is for the OEM based in Pune and cradle is a structure on which the motor sits, and that is a – I think the revenue of that 1 piece is INR 4,100, INR 4,200 per piece and the supply will start from August, September I think some initial supply will start. I think the major supply will start from the third quarter or maybe October, November.
Forging : it’s purely an Agri, off highway, off-construction product. So that will give a lot of buoyancy in the Forgings division starting next year, and that will only continue to grow because here, it’s a very interesting story. Here the customer is moving from castings to forgings
As per Con Calls
Sales Growth Likely To be 13-15%
EBITDA will be 14%
PAT growth Will be 13-15%
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