Talbros Automotive Components Limited · NSE:TALBROAUTO
Talbros Automotive Components — Q1 FY26 Earnings Presentation
30 slides from Talbros Automotive Components's earnings presentation, August 2025
Slide 1: Q1 FY26 Investor Presentation
Driving Future Leadership Q1 FY26 INVESTOR PRESENTATION August 2025
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: Talbros Automotive Components Ltd (TACL) - Group
TALBROS AUTOMOTIVE COMPONENTS LTD (TACL) - GROUP Product Portfolio Entities TACL Group Turnover*(Rs. Crs.) Q1 FY25 Q1 FY26 Gaskets & TACL Standalone 133 135 Heat Shields Forgings TACL Standalone 77 75 Q1 FY25 Q1 FY26 310 314 Chassis Marelli Talbros Chassis Systems Pvt Ltd 69 73 Components +1% Anti V
Slide 4: Q1 FY26 Consolidated Performance Highlights
Q1 FY26 CONSOLIDATED PERFORMANCE HIGHLIGHTS Total Income from Operations^ EBITDA^ Profit After Tax 16.5% 16.5% 9.9% 10.5% +1% +1% +8% 209.2 210.5 34.6 34.8 22.2 20.6 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Rs. Crores ^ Includes Other Income 4
Slide 5: Q1 FY26 Consolidated Performance Highlights: Revenues and EBITDA by Segment
Q1 FY26 CONSOLIDATED PERFORMANCE HIGHLIGHTS Gasket & Heat Shield Forgings MTCS TMR +2% -2% +6% -3% 132.7 135.2 76.5 75.3 73.0 31.3 30.3 Revenues 69.1 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 +5% -5% +30% +25% 21.2 22.2 13.4 12.7 12.9 3.5 EBITDA 9.9 2.8 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY
Slide 6: Revenues Spread Across Varied Segments
REVENUES SPREAD ACROSS VARIED SEGMENTS 13% 14% 13% 15% Domestic Breakup* 19% 17% 2 & 3 Wheelers 10% 12% 14% Passenger Vehicle FY24 FY25 Q1 FY26 HCV & LCV Agri & Off Loaders 33% Others 24% 34% 34% 23% 25% 8% 8% 8% 4% 3% 3% Breakup (Type of OEM Market)* Exports 25% FY24 27% FY25 28% Q1 FY26 After Mark
Slide 7: Export Profile
EXPORT PROFILE Region Wise Export Revenue Contribution % ✓ Revenue from USA Region have UK USA remained stable over the last two years (12.9% of export revenue; only 3.3% of 56.8% 55.8% 12.9% overall revenues), and we do not 52.7% 12.4% 11.9% anticipate any material impact from tariffs. This is beca
Slide 8: Strong Balance Sheet
STRONG BALANCE SHEET Return on Capital Employed (RoCE) Return on Equity (RoE) Debt / Equity 20.4% 20.2% 0.24 19.6% 18.8% 16.5% 16.6% 0.16 0.13 FY23 FY24 FY25 FY23 FY24 FY25 Mar-23 Mar-24 Mar-25 RoE = PAT / Avg. Equity ; RoCE = EBIT / Avg. Capital Employed (Equity + Total Debt) (Excl. proceeds from s
Slide 9: New Multi Year Orders Secured in FY25 & FY26
NEW MULTI YEAR ORDERS SECURED IN FY25 & FY26 Execution of Below Order Book to be implemented from FY26 ✓ In FY25, the Company had November 2024 June 2025 secured orders worth Rs. 1,475 crores. In FY26, the Company has further strengthened its order Received new multi years orders Received new multi
Slide 10: Q1 FY26 Consolidated Profit & Loss Statement
Q1 FY26 CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (Rs. In crores) Q1 FY26 Q1 FY25 Y-o-Y Revenue from Operations 206.8 204.3 1% Other Income 3.8 4.9 Total Revenue from Operation 210.5 209.2 1% Raw Material 108.1 111.5 Employee Cost 24.3 23.4 Other Expenses 43.3 39.7 EBITDA 34.8 34.6 1% EBITDA
Slide 11: Hedged Portfolio
HEDGED PORTFOLIO… Q1 FY26 - Revenue Contribution Heatshields Segments Product Portfolio Market Exposure 4% TMR ▪ 2 Wheelers ▪ Gaskets ▪ OEMs 6% ▪ 3Wheelers ▪ Heat Shields ▪ After Market MTCS ▪ Passenger Vehicles ▪ Forgings ▪ Exports 14% ▪ Commercial ▪ Chassis ▪ Others Forgings Vehicles Systems 29% ▪
Slide 12: Having Diversified Customer Base - Top 10 Customers
HAVING DIVERSIFIED CUSTOMER BASE - TOP 10 CUSTOMERS FY25 Q1 FY26 1 Maruti Suzuki India 17% 1 Maruti Suzuki India 17% 2 TATA Motors 9% 2 Jaguar Land Rover 10% 3 Jaguar Land Rover 8% 3 TATA Motors 8% 4 Bajaj Auto 7% 4 Bajaj Auto 7% 5 TATA Cummins 7% 5 TATA Cummins 6% 6 JCB 4% 6 JCB 4% 7 BMW 4% 7 BMW 4
Slide 13: Gasket Business
GASKET BUSINESS ▪ ~50% Market share in Gaskets 3x the nearest competitor Total Income Market ▪ Market Leader in – Two-Wheeler, Agri & Off Loaders, HCV & LCV segment Leader ▪ Single Source Supplier for 5 of our customers 556 515 433 382 ▪ Signed up exclusive contract with SANWA for Light Weight Alumi
Slide 14: Forgings Business
FORGINGS BUSINESS ▪ One stop solution for Hot Forging (750 to 2,500 Ton Press) Total Income One step ▪ Strong presence in Overseas Market & Supplier to Top Tier I companies Solution ▪ One Stop Solution for Die Design, Machine parts and Heat treatment 277 290 Provider (Normalizing and Carbohydrizing)
Slide 15: Strong Global Partnerships - Joint Ventures
STRONG GLOBAL PARTNERSHIPS - JOINT VENTURES Marelli Talbros Chassis Systems Pvt. Ltd. (MTC) Talbros Marugo Rubber Pvt. Ltd. (TMR) ✓ Magneti Marelli S.p.a (Milano) - A Fiat group company with annual ✓ Marugo Rubber Industries Ltd (Japan) - Global leader in supply revenue of over € 6 Bn of Anti-Vibrat
Slide 16: Venturing into EVs
VENTURING INTO EV’s o Marelli Talbros is working on new RFQ’s for several FORGINGS Indian and global OEM’s for supporting Supplying parts for Plug-in hybrid development of future EV’s Electric Vehicles to OEMs globally o Marelli Talbros Supplies Critical Suspension Components to EV’s Increased Focus
Slide 17: Capex Plans
CAPEX PLANS Addl. Capex to reach Utilization Levels (FY25) Revenues of FY27e Gasket & Heat Shield 85% Rs. 50 Crores To be funded by Internal Accruals Capex of Rs. 25-30 Crs. per Forgings 80% Rs. 60 Crores annum Marelli Talbros Chassis Systems* 74% Rs. 80 Crores (MTCS) These amounts will be funded by
Slide 18: Talbros 2.0 – The Way Forward
TALBROS 2.0 – THE WAY FORWARD DRIVING FUTURE LEADERSHIP Criteria In FY23 By FY27 Increase exports by 10% Export Sales* 25% 35% Increase margins by ~16-18% 200-400 basis points EBITDA Margins ~14% Increase RoCE by 4% Higher Returns - ~16% ~20% ROCE Comfortable Debt Total Debt to remain ~Rs. 80 crores
Slide 19: Talbros at a Glance
TALBROS AT A GLANCE Diversified Product Diversified Auto Over 6 Decades of Portfolio – Gasket & Heat Component Player experience in Auto Shields, Forgings, Across Two Wheelers, PVs, Component Suspension Systems, Anti- CVs Off-Highway and manufacturing vibration Products & Hoses Farm Equipments One o
Slide 20: Leadership Team Driving Growth & Profitability
LEADERSHIP TEAM DRIVING GROWTH & PROFITABILITY Mr. Anuj Talwar – Joint Managing Director Is a Bachelor in Business Administration from college of William & Mary, Virgina, USA and Master of Business Administration from Boston University Graduate School of Management. He has been associated with the C
Slide 21: Strong Board of Directors
STRONG BOARD OF DIRECTORS Mr. Naresh Talwar Mr. Umesh Talwar Mr. Varun Talwar Mr. Anuj Talwar Mr. Navin Juneja Mr. Vidur Talwar Chairman Vice Chairman & MD Joint Managing Joint Managing Director & Group CFO Non-Executive Director Director Director Mr. Deepak Jain Mr Rakesh Vohra Mr. Rajat Verma Mr.
Slide 22: Executive Management
EXECUTIVE MANAGEMENT Mr. Manish Khanna Mrs. Seema Narang Chief Financial Officer Company Secretary A Qualified CA and MBA, he has over 18 years of experience with LeeBoy India She has over 30 years of experience in the secretarial department and has Constructions, Doosan Infracore, Escorts Construct
Slide 23: Scope of Joint Ventures
SCOPE OF JOINT VENTURES Rear Twist Beam Axle Fuel Hose Strut Mount Steering Bush Front Cross Members Engine Mount Suspension Arms Bush Wheel Group + Corner Module Air Hose Control Arms Knuckles Exhaust Hanger MMT MMT TMR TMR Existing Business Planned for Future Existing Business Planned for Future 2
Slide 24: Evolving Product Portfolio
EVOLVING PRODUCT PORTFOLIO JV with Marugo Evolution Rubber Continues... Revenue FY07 JV with Magneti Marelli Hoses Hoses TA with SANWA Anti Vibration Anti Vibration Gasket Acquired Sheet Metal, Entry into Products Products 100% Forgings, JV with NLK - Gaskets Chassis Systems Chassis Systems Chassis
Slide 25: Hedged Customer Base
DIVERSIFIED CUSTOMER - OEM 2 Wheeler Passenger Hedged Customer Base HCV/LCV Agri & Off Loader Agri & Off Loader 25
Slide 26: Customer Awards for Best Performances
CUSTOMER AWARDS FOR BEST PERFORMANCES Appreciation Award Response to New ACMA Atmanirbhar Award from Jaguar Land Quality improvement for Overall Product Excellence Awards Rover for Gasket Business contest award – Performance to MTCS Development 2022 2022 Kirloskar Oil Engines - 2023 2023 Ltd 2021 JL
Slide 27: Historical Consolidated Profit & Loss Statement
HISTORICAL CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (Rs. Crores) FY25 FY24 FY23 Revenue from Operations 827.1 778.3 647.2 Other Income 17.7 12.6 6.2 Total revenue from Operation 844.7 790.9 653.4 Raw Material 429.4 422.5 351.1 Employee Cost 92.3 81.1 70.7 Other Expenses 175.9 160.0 138.1 EBI
Slide 28: Historical Consolidated Balance Sheet
HISTORICAL CONSOLIDATED BALANCE SHEET ASSETS (Rs. Cr.) Mar-25 Mar-24 Mar-23 EQUITY AND LIABILITIES (Rs. Crs.) Mar-25 Mar-24 Mar-23 Non-current assets Equity Property, plant and equipment 217.7 209.0 168.0 Equity Share capital 12.3 12.3 12.3 Capital work in progress 22.7 7.3 4.8 Other equity 620.3 52
Slide 29: Historical Consolidated Cash Flow Statement
HISTORICAL CONSOLIDATED CASH FLOW STATEMENT Particulars (Rs. Crores) FY25 FY24 FY23 PBT 119.4 146.7 70.3 Adjustments 16.7 -23.5 22.1 Operating profit before working capital changes 136.2 123.2 92.4 Changes in working capital -32.3 -33.7 -20.5 Cash generated from operations 103.8 89.4 71.9 Direct tax
Slide 30: Thank You
Driving Future Leadership THA NK YO U ! For further information, please contact: Company: Talbros Automotive Components Limited CIN: L29199HR1956PLC033107 Ms. Seema Narang seema_narang@talbros.com Tel: +91 98333 73300 / +91 98192 32889 www.talbros.com Investor Relations Advisors: Strategic Growth Ad
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