Talbros Automotive Components Limited · NSE:TALBROAUTO
Talbros Automotive Components — Q2 FY27 Earnings Presentation
40 slides from Talbros Automotive Components's earnings presentation, November 2026
Slide 1: Q2 & H1 FY27 Investor Presentation
Driving Future Leadership Q2 & H1 FY27 INVESTOR PRESENTATION NOVEMBER 2026
Slide 2: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of Talbros Automotive Components Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or in
Slide 3: Q2 & H1 FY27 Financial Highlights
Q2 & H1 FY27 Financial Highlights
Slide 4: TACL Standalone and Group Divisions
Talbros Automotive Components Limited (TACL) - Group Group Turnover: ₹ 823 Crs. in H1FY27 | ₹ 646 Crs. in H1FY26 27% Sealing Division Marelli Division (50% JV) Marelli Talbros Chassis Total Income Total Income Systems Pvt Ltd ₹ 340 Crs. ₹ 278 Crs. 22% ₹ 226 Crs. ₹ 152 Crs. 49% H1FY27 H1FY26 H1FY27 H
Slide 5: Q2 FY27 Consolidated Financial Highlights
Q2 FY27 Consolidated Financial Highlights Q2 FY27 vs Q2 FY26 Total Income from Operations ^ EBITDA^ / EBITDA Margin (%) Profit After Tax / PAT Margin (%) ₹ 267 Crs. ₹ 47 Crs. / 17.6% ₹ 33 Crs. / 12.3% + 23% YoY +33% YoY / +120 bps YoY + 43% YoY / +160 bps YoY Gasket & Heat Shield Forgings MTCS TMR (
Slide 6: H1 FY27 Consolidated Financial Highlights
H1 FY27 Consolidated Financial Highlights H1 FY27 vs H1 FY26 Total Income from Operations ^ EBITDA^ / EBITDA Margin (%) Profit After Tax / PAT Margin (%) ₹ 510 Crs. ₹ 90 Crs. / 17.6% ₹ 63 Crs. / 12.4% + 19% YoY +28% YoY / +110 bps YoY + 39% YoY / +180 bps YoY Gasket & Heat Shield Forgings MTCS TMR (
Slide 7: New Order Update
New Order Update TACL along with its JV’s has received orders worth over ₹ 1,000 crores ₹ 250 Crs. ₹ 500 Crs. ₹ 90 Crs. ₹ 170 Crs. Includes export orders through Secured orders in the forgings Order includes ~ ₹. 110 crores of the MTCS JV, for BIW business. A significant portion Secured orders throu
Slide 8: Q2 & H1 FY27 Consolidated P&L Statement
Q2 & H1 FY27 Consolidated P&L Statement Particulars (Rs. In crores) Q2 FY27 Q2 FY26 Y-o-Y H1 FY27 H1 FY26 YoY Revenue from Operations 263.2 213.1 23% 501.6 419.9 19% Other Income 4.3 3.8 8.0 7.5 Total revenue from Operation 267.5 216.9 23% 509.7 427.4 19% Raw Material 135.1 111.2 256.5 219.3 Employe
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Cr.) Sep-26 Mar-26 EQUITY AND LIABILITIES (Rs. Crs.) Sep-26 Mar-26 Non-current assets Equity Property, plant and equipment 243.2 224.9 Equity Share capital 12.3 12.3 Capital work in progress 14.7 21.7 Other equity 861.7 730.6 Shareholders’ Funds 874.0 742.9 Inv
Slide 10: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. Crores) Sep-26 Sep-25 Profit Before Tax (PBT) 79.3 57.0 Adjustments 4.6 7.9 Operating profit before working capital changes 83.9 64.9 Changes in working capital -35.7 -29.8 Cash generated from operations 48.2 35.1 Direct taxes paid (net of refund) -1
Slide 11: Diversified Revenue Mix
Diversified Revenue Mix Breakup (Type of Market)* Domestic Breakup (By Market Type) H1 FY26 H1 FY27 8% 8% 3% 3% 16% 15% 2 & 3 Wheelers 26% 26% 34% 34% H1 FY26 H1 FY27 Passenger Vehicles 63% 63% 22% 23% HCV & LCV OEMS Exports Aftermarket Others 14% 13% Agri & Off Loaders Proportion of EV sales to Tot
Slide 12: Diversified Customer Base
Diversified Customer Base H1 FY27 Hedged Customer Base Top 10 customers Maruti Suzuki India 19.0% 2 Wheeler Tata Motors incl. FIAT India 9.0% Jaguar Land Rover 8.0% Passenger Bajaj Auto 7.0% Tata Cummins 6.0% HCV/LCV JCB 4.0% BMW 3.0% VE Commercial 3.0% Agri & Off Loader Dana Italia Srl 2.0% Cummins
Slide 13: Export Profile
Export Profile Well-Positioned to Capitalise on Global OEM Sourcing Shifts ✓ Diversified exports with Europe & UK comprising UK: 53% of ~82% Europe: 29% ✓ Structural challenges in Europe’s auto industry— America: 11% weak OEM and Tier-1 balance sheets—are driving supplier consolidation and sourcing
Slide 14: Business Verticals
talbf{Os Business Verticals
Slide 15: Talbros At a Glance
Talbros At a Glance 60+ 5 Diversified PRODUCT VERTICALS YEARS OF EXPERIENCE AUTO COMPONENT PLAYER One of the Most Gaskets, Heat Shields, Forgings, Deep expertise in auto Two Wheelers, PVs, CVs, Off- Suspension, Anti-vibration & component manufacturing Highway & Farm Equipment Hoses Hedged Auto Compo
Slide 16: Gasket & Heat Shields Business
Gasket & Heat Shields Business Market Leader Total Income ✓ ~50% Market share in Gaskets 3x the nearest competitor +12% 556 595 ✓ Market Leader in – Two-Wheeler, Agri & Off Loaders, HCV & LCV 515 382 433 segment 340 ✓ Single Source Supplier for 5 of our customers FY22 FY23 FY24 FY25 FY26 H1 FY27 Seg
Slide 17: Forgings Business
Forgings Business One Stop Solution Provider ✓ One stop solution for Hot Forging (750 to 2,500 Ton Press) Total Income ✓ Strong presence in Overseas Market & Supplier to Top Tier I +10% companies 277 288 295 7% ✓ One Stop Solution for Die Design, Machine parts and Heat 204 220 from EV treatment (Nor
Slide 18: Joint Ventures (MTCS)
Strong Global Partnerships – Joint Ventures (MTCS) Total Income 8% Marelli Talbros Chassis Systems Pvt. Ltd. (MTC) +20% from 343 260 285 EV ✓ Marelli Corporation - A global automotive supplier with annual revenue of over € 6 Bn 210 165 226 ✓ 50:50 partnership commenced production in April 2012 ✓ 100
Slide 19: Joint Ventures (TMR)
Strong Global Partnerships – Joint Ventures (TMR) Total Income Talbros Marugo Rubber Pvt. Ltd. (TMR) +28% 147 ✓ Marugo Rubber Industries Ltd (Japan) - Global leader in supply of Anti-Vibration Product and 123 130 Hoses 85 ✓ 50:50 partnership commenced production in February 2013 86 55 ✓ 100% Sales t
Slide 20: Lohum Talbros Carbon Pvt. Limited – Joint Venture
Lohum Talbros Carbon Pvt. Limited – Joint Venture LOHUM TALBROS CARBON PVT. LTD Talbros Automotive Components Ltd Lohum Cleantech Private Ltd 49% 51% Product Overview Industry Overview Scope of Business Funding Plans ✓ Recovered Carbon Black (rCB): ✓ Virgin carbon black is a ~$27 B ✓ The JV is a tec
Slide 21: Capex Plans
Capex Plans Capacity Utilization (H1 FY27) Additional Capex to reach revenues in FY27e In INR Crs. 90% Gasket & Heat Shields 17 16 33 To be funded by Internal Accruals & some borrowings 90 % Forgings 10 60 70 Marelli Talbros Chassis Systems* (MTCS) 19 20 39 80 % These amounts will be funded by respe
Slide 22: Product Profile
talbf{Os Product Profile
Slide 23: Product Profile – Gasket Division (1/4)
Product Profile – Gasket Division (1/4) Cylinder Head Gasket Exhaust Gasket Gasket in 2 Wheelers Clutch Cover Gasket Stator Cover Gasket Stator Cover Gasket Oil Pan Gasket 23 Talbros Automotive Components Limited
Slide 24: Product Profile – Gasket Division (2/4)
Product Profile – Gasket Division (2/4) Rubber Muffler Gasket Gasket Gasket & Heat shield in Passenger Car Heat Shield Electric Drive Unit Exhaust Gasket (Electric Vehicle) Cylinder Head Gasket Shroud, Main housing Gasket Front Cover 24 Talbros Automotive Components Limited
Slide 25: Product Profile – Gasket Division (3/4)
Product Profile – Gasket Division (3/4) Gasket in Tractor Engine 25 Talbros Automotive Components Limited
Slide 26: Product Profile – Gasket Division (4/4)
Product Profile – Gasket Division (4/4) Integrated Wire Harness Gasket Cylinder Head Gasket Heat Shield Intake manifold gasket Gasket & Heatshield in Truck EGR Gasket Exhaust manifold gasket Oil Pan Gasket 26 Talbros Automotive Components Limited
Slide 27: Product Profile - Forging Division
Product Profile - Forging Division End Eye Dump End Forged and machined Forged and machined Off Highway – Components Bucket Link Tipping Link 27 Talbros Automotive Components Limited
Slide 28: Product Profile - Forging Division
Product Profile - Forging Division Commercial Vehicles – Components End Yokes Brake Piston Tube Yoke Input Flange Companion Flange 28 Talbros Automotive Components Limited
Slide 29: Product Profile - Forging Division
Product Profile - Forging Division Adapter Field Module Spring Support Recovery Eyes Towing Hook Passenger Vehicles – Components Blank Ring Gear and Bushes Adapter Spring Field Module Support Recovery Eyes Tie Bar Intermediate Gear shaft Differential Housing 29 Talbros Automotive Components Limited
Slide 30: Product Profile – MTCS (1/2)
Product Profile – MTCS (1/2) Passenger Vehicles – Chassis & BIW Components Rear Dirt shield Rear Toe Link R/L Arm Assy Front Suspension R/L Front Dirt shield 30 Talbros Automotive Components Limited
Slide 31: Product Profile – MTCS (2/2)
Product Profile – MTCS (2/2) Passenger Vehicles – Chassis & BIW Components Front Cradle for EV 31 Talbros Automotive Components Limited
Slide 32: Product Profile – TMR
Product Profile – TMR Variation control parts in Passenger Car Parts for Truck Dust Covers Bearing Cushion Muffler Hangers Bushings Arm shaft UR and LWR Bushings Bump Rubbers Other Parts Radiator Hose Bump Rubbers Engine Mount Muffler Hangers Air Duct Stopper Muffler Hungers Mount Stabibar Intercool
Slide 33: Annexures
talbf{Os Annexures
Slide 34: Strong Board of Directors
Strong Board of Directors Visionary Promoter team with Decades of Industry Experience Mr. Naresh Talwar Mr. Umesh Talwar Mr. Varun Talwar Mr. Anuj Talwar Mr. Navin Juneja Mr. Vidur Talwar Non Executive Director Chairman Vice Chairman & Managing Director Director & Group CFO Non-Executive Director Ma
Slide 35: Executive Management Team
Executive Management Team Mr. Ashish Gupta Mr. Manish Khanna Mr. Suresh Sharma Mr. Jai Prakash Chauhan CEO Chief Financial Officer President – Gaskets Division Associate Vice President – Forging Division • He holds a BE degree and has • A Qualified CA and MBA • He is an engineer and MBA • He holds S
Slide 36: Awards & Recognition
Awards & Recognition Appreciation for Zero defect performance Implementation of ACMA Excellence Award JCB – Export Excellence sustaining 4 star rating award 2023-24 occupational health & Safety Management System Kirloskar New Product Recognition for CCQC - 2025 Development Award Kaizen Award by CII
Slide 37: Historical Consolidated Profit & Loss Statement
Historical Consolidated Profit & Loss Statement Particulars (Rs. Crores) FY26 FY25 FY24 Revenue from Operations 870.0 827.1 778.3 Other Income 18.5 17.7 12.6 Total revenue from Operation 888.5 844.7 790.9 Raw Material 451.0 429.4 422.5 Employee Cost 99.5 92.3 81.1 Other Expenses 183.0 175.9 160.0 EB
Slide 38: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet ASSETS (Rs. Cr.) Mar-26 Mar-25 Mar-24 EQUITY AND LIABILITIES (Rs. Crs.) Mar-26 Mar-25 Mar-24 Non-current assets Equity Property, plant and equipment 224.9 217.7 209.0 Equity Share capital 12.3 12.3 12.3 Capital work in progress 21.7 22.7 7.3 Other equity 730.5 6
Slide 39: Historical Consolidated Cash Flow Statement
Historical Consolidated Cash Flow Statement Particulars (Rs. Crores) FY26 FY25 FY24 Profit Before Tax (PBT) 130.9 119.4 146.7 Adjustments 13.7 16.7 -23.5 Operating profit before working capital changes 144.6 136.2 123.2 Changes in working capital -32.8 -32.3 -33.7 Cash generated from operations 111.
Slide 40: Thank You
Driving Future Leadership THANK YOU ! For further information, please contact: Company: Talbros Automotive Components Limited CIN: L29199HR1956PLC033107 Ms. Seema Narang seema_narang@talbros.com www.talbros.com Investor Relations Advisors: Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC2042
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