Talbros Automotive Share Price Today and Targets for 2026 to 2030

Talbros Automotive share price today

Most people who look up the Talbros Automotive share price are looking at a 1956-vintage Faridabad component maker whose profit has grown several times over while the company itself stayed small. The stock trades under the NSE symbol TALBROAUTO, and the business behind it sells gaskets, forgings, chassis parts and anti-vibration components into almost every vehicle category on Indian roads.

At the 10 September 2026 close, Yahoo Finance showed a price of about ₹416.95, a market capitalisation of roughly ₹2,573 crore and trailing EPS of ₹18. That is about 23.2 times trailing earnings and 3.47 times a book value of ₹120.31 per share. The quote widget above updates after publication; every ratio and scenario input below stays fixed to the stated cut-off.

The 52-week range runs from ₹224.05 to ₹439.35. At ₹416.95 the stock sits about 5.1% below its 52-week high and roughly 86% above its 52-week low, which tells you the re-rating has already happened rather than that it is still waiting. The interesting question is therefore not whether Talbros is a better company than it was three years ago. It plainly is. The question is what a buyer at 23 times earnings is assuming about the next five years.

One limitation should be stated in plain words before anything else. No Screener financial tables were available for Talbros when these figures were captured, so the multi-year revenue and profit numbers in this article come from Yahoo Finance’s annual rows and from a set of Screener-derived ratios dated 5 August 2026. There is no usable recent quarter-by-quarter series to work from, so this article does not contain one and does not estimate one.

What Talbros Automotive actually makes

Talbros Automotive Components Limited manufactures and sells auto components in India and exports them. It employs about 618 people. The product range is unusually broad for a company of this size, and it spans four distinct manufacturing disciplines rather than one.

Product family	What it covers	Where it goes on the vehicle
Gaskets	Multi-layer steel, coated and selective-area coated, exhaust and hot, rubber and edge-moulded, fibre, heat-shield gaskets, plastic mouldings, gaskets with electrical control	Engine, exhaust and sealing interfaces
Forgings	Companion flanges, hydraulic end caps and rod eyes, tube and flange yokes, intermediate shafts and differential housings, blank ring gears, king pins, linear cylinders, towing solutions	Drivetrain, hydraulics and towing
Chassis components	Control arms, suspension links, front cross members, rear twist-beam axles, cradles, wheel groups, semi corner module assemblies	Underbody and suspension
Anti-vibration and hoses	Muffler hangers, suspension bushings, body and cab mounts, leading and trailing arm bushes, moulded air-cleaner hoses, extrusion hoses for air, fuel and water	Noise, vibration and fluid handling

Those parts go into passenger vehicles, commercial vehicles, two-wheelers, three-wheelers, agricultural machinery, off-loaders and industrial vehicles. Part of the chassis and forging activity sits inside joint ventures with international partners, Marelli and Marugo among them, and the captured figures do not break out the joint-venture contribution separately from the standalone operations. That is a real gap in what can be measured here, and it matters because the joint ventures are precisely where the higher-value chassis content sits.

The strategic logic is straightforward. A gasket is a low-ticket consumable with a long replacement tail; a forged differential housing or a twist-beam axle is a heavier, more capital-intensive part with much larger content per vehicle. Moving from the first to the second raises revenue per platform won, but it also raises the working capital and the fixed-asset base required to serve it. Whether that trade has been worth making shows up in the return ratios rather than in the product catalogue.

Nine years of reported growth, with a gap in the middle

The captured annual rows do not form a continuous series. Yahoo’s yearly data covers the March years ending 2017, 2018 and 2019, then jumps to the March year ending 2026. The intervening years were not captured, so what follows is a before-and-after picture, not a smooth trend line.

Financial year (March end)	Revenue	Net profit
FY17	₹428 Cr	₹16 Cr
FY18	₹393 Cr	₹23 Cr
FY19	₹483 Cr	₹26 Cr
FY26	Not captured	₹104 Cr
Trailing twelve months to 10 Sep 2026	₹902 Cr	Not captured separately

Two things stand out. Profit rose from ₹16 crore in FY17 to ₹104 crore in FY26, six and a half times exactly. Revenue on a trailing basis is about ₹902 crore against ₹483 crore in FY19, so sales roughly doubled while profit did considerably more than that. The Screener-derived figures dated 5 August 2026 put the five-year sales CAGR at 14.39% and the five-year profit CAGR at 33.2%.

That gap between 14% sales growth and 33% profit growth is the whole story of the last five years. Most of the extra came from margin expansion and operating leverage rather than from volume alone. It is arithmetically impossible for that gap to persist indefinitely: margins cannot keep doubling. Any honest forward view has to assume profit growth converges toward sales growth over time, which is exactly what the scenario table further down does.

The most recent year-on-year readings from Yahoo are consistent with the business still growing: revenue up 15.3% and earnings up 35% on the comparable prior period. Between 5 August and 10 September 2026 the trailing EPS base moved from ₹16.82 to ₹18, and the trailing P/E fell from 24.69 to 23.16 even though the price is near its high. The earnings base, in other words, has been catching up with the price rather than the other way round.

Margins and returns: the case for the re-rating

Measure	Reading	What it is measuring
Operating profit margin	15.7%	Screener-derived operating margin, 5 August 2026
EBITDA on trailing revenue	About 16%	₹145 Cr EBITDA on ₹902 Cr revenue
Yahoo operating margin	12.84%	Struck after depreciation, hence the lower number
Net profit margin	12.41%	Trailing basis
Return on equity	15.14%	Profit against shareholders’ funds
Return on capital employed	18.56%	Current-year return on all capital in the business
Five-year average ROCE	19.32%	The through-cycle figure, slightly above the current one

The two operating-margin figures differ by definition, not by error. For a component supplier carrying forging presses and chassis lines, that roughly three-point depreciation load is a permanent feature of the cost base rather than a one-off, and it is why the EV/EBITDA multiple flatters this company relative to its P/E: the depreciation a forging shop cannot avoid is exactly what an EBITDA multiple ignores.

The more interesting number is the pair of ROCE readings. Current ROCE of 18.56% sits marginally below the five-year average of 19.32%. That is a mild but real signal: the capital added over the recent expansion has not yet earned quite what the older capital base was earning. It is not a warning in itself, because new lines take time to fill, but it is the number to watch. A supplier that keeps adding chassis and forging capacity while ROCE drifts down is buying revenue rather than creating value. If you want the mechanics of why that ratio carries more weight here than the headline profit figure, the return on equity guide sets out how these return measures are built and where they mislead.

ROE of 15.14% against ROCE of 18.56% is the normal pattern for a lightly geared company: with almost no debt in the structure, there is very little leverage lifting the equity return above the operating return.

A balance sheet that removes the usual small-cap worry

Balance-sheet signal	Reading	Why it matters
Total debt	₹84 Cr	Small against a ₹2,573 Cr market capitalisation
Total cash	₹114 Cr	Exceeds borrowings
Net cash position	About ₹30 Cr	Cash minus debt, so the company is net cash
Debt to equity	11.27%	Gearing is nominal
Promoter holding	61.98%	A controlling family-style holding
Promoter shares pledged	0%	No encumbrance disclosed
Book value per share	₹120.31	Against a ₹416.95 price, so 3.47 times book
Dividend yield	0.18%	The case rests on reinvestment, not income

This is the most reassuring part of the picture. Component suppliers are cyclical by construction: a two-quarter fall in OEM build rates hits their revenue immediately, and a geared supplier can find its interest cover breaking exactly when volumes fall. Talbros is on the right side of that test, and the practical consequence is that a bad year would cost it earnings rather than control of its own timetable: no covenant to renegotiate, no lender whose patience sets the capital-expenditure plan, and no pledged promoter stake that a falling price could push into the market at the worst possible moment. The debt-to-equity ratio guide explains why an 11% reading behaves so differently from a 60% one through a downturn.

The cost of that safety is that there is no financial leverage flattering the returns. Everything the shareholder earns has to be earned operationally.

Talbros Automotive share price against its own valuation history

Valuation measure	10 September 2026 reading	Interpretation
Close	₹416.95	Fixed research input, not a live figure
Market capitalisation	₹2,573 Cr	Small enough for liquidity and single-customer risk to matter
Trailing EPS	₹18	Yahoo trailing basis
Price to earnings	23.16	Down from 24.69 on 5 August as EPS rose
Price to book	3.47	Against book value of ₹120.31
EV to EBITDA	14.37	The enterprise-level multiple, less distorted by the tax line
PEG	0.74	P/E divided by a historic growth rate
Price to trailing sales	About 2.9	₹2,573 Cr against ₹902 Cr of revenue
Dividend yield	0.18%	Effectively immaterial to total return

The PEG of 0.74 is the number that gets quoted most often about this stock, and it is the one that most needs qualifying. PEG divides the current multiple by a growth rate, and the growth rate embedded here is the historic one that included a large, one-time margin expansion. Use a forward growth rate closer to the 14% sales CAGR and the same P/E produces a PEG well above 1. That is not an argument that the stock is expensive; it is an argument that PEG is a shorthand and not a valuation. The P/E ratio guide covers why a multiple only means something once you have decided what earnings it is being applied to.

At 23 times trailing earnings and 14.4 times EBITDA, Talbros is not priced as a commodity forging shop. It is priced as a supplier expected to keep winning content per vehicle. That is a defensible view, but it is a view, and it is already in the price.

What moves the Talbros Automotive share price

Four things do most of the work. The first is Indian OEM production volumes, because a component supplier’s revenue is derived demand: it rises and falls with what its customers build. The second is content per vehicle, which is where the chassis and forging push matters, since a supplier can grow faster than the industry only by selling more per vehicle or winning more platforms.

The third is input costs, principally steel, where a supplier’s ability to pass through price changes with a lag decides whether a raw-material spike compresses the 15.7% operating margin or merely delays it. The fourth is the multiple itself. At 23 times earnings, a de-rating toward the mid-teens would offset several years of respectable earnings growth on its own. Investors tracking the same demand cycle from the customer side may find the Maruti Suzuki research and the Bajaj Auto research useful context, since two-wheeler and passenger-vehicle build rates feed straight into the order books of suppliers like this one.

Valuation framework

The scenario model starts with TTM EPS of ₹18. For each year it applies EPS_TTM × (1 + growth)^(year − 2026 + 112/365) × exit P/E, then rounds the result to the nearest ₹5. The 112/365 factor represents the fraction of the first forecast year remaining from 10 September to 31 December. Dividends are excluded, which at a 0.18% yield changes nothing material.

Scenario	Annual EPS growth	Exit P/E	Business interpretation
Bear	9%	15×	OEM volumes flatten, steel costs bite, and the market re-rates a cyclical supplier back toward a cyclical multiple
Base	15%	22×	Content per vehicle keeps rising roughly in line with the historic sales CAGR while margins hold near current levels
Bull	20%	28×	Chassis and forging content compounds faster than the industry, ROCE climbs back above 20%, and the market pays for consistency

The multiple range is deliberately anchored at or below the present 23.16 in the bear and base cases, and only modestly above it in the bull case. The growth rates are set well below the 33.2% five-year profit CAGR on purpose: a company that grew profit at 33% for five years by expanding margins cannot repeat the exercise from a 15.7% operating margin. Base-case growth of 15% is close to the historic sales CAGR of 14.39%, which is the rate profit growth should converge toward once the margin story is finished. These are scenarios, not probability-weighted forecasts.

If you want the full reasoning behind this method rather than just its output, the how to value a stock guide walks through the same arithmetic step by step.

Talbros Automotive share price target 2026 to 2030

The grid above is generated purely from the disclosed EPS base, the three growth rates and the three exit multiples. It models nothing else. It does not account for an equity issue, an acquisition, a change in the joint-venture structure, an exceptional item, a currency movement on exports, or a shift in the capital structure. It also assumes the trailing EPS of ₹18 is a fair starting point rather than a cyclical peak or trough, which is an assumption worth re-testing after every annual result. Because no recent quarterly series was captured for this name, the base itself should be refreshed against the next reported numbers before the framework is used again.

Risks that can break the thesis

The first risk is cyclicality. Component suppliers sit downstream of OEM production schedules and have almost no ability to smooth them. A slowdown in Indian passenger-vehicle or two-wheeler build rates would hit revenue within a quarter, and the operating leverage that produced 33% profit growth on 14% sales growth works just as efficiently in reverse.

The second is customer concentration. The captured figures do not disclose the customer mix, but a supplier with ₹902 crore of revenue serving a small number of large OEMs has limited pricing power in an annual negotiation. The third is input cost. Steel is the dominant raw material across gaskets, forgings and chassis parts, and pass-through is typically lagged by a quarter or more.

The fourth is the ROCE drift already noted: current ROCE of 18.56% below the five-year average of 19.32% means the newest capital has not yet earned its keep. The fifth is powertrain transition, which changes what an engine-adjacent gasket business sells even as it leaves the chassis and forging content largely intact.

What would change the picture

Most of what would change this picture is in the scorecard below. The one thing it cannot capture is disclosure itself: until the chassis and forging revenue earned inside the Marelli and Marugo joint ventures is broken out, an outside investor cannot tell whether the higher-value content is outgrowing the base business or merely riding it. Failing on these points together would mean the last five years were a margin event rather than a structural improvement.

Monitoring scorecard

Question	Constructive evidence	Warning sign
Is new capital earning?	ROCE climbs back above the 19.32% five-year average	ROCE keeps drifting below it as assets grow
Are margins durable?	Operating margin holds near 15.7% through a steel cycle	Margin compresses while revenue still grows
Is the balance sheet intact?	Net cash maintained, gearing stays near 11%	Borrowings rise to fund capacity
Is growth broadening?	Chassis and forging content grows faster than gaskets	Growth depends on one product family
Is promoter alignment stable?	Holding near 62% with zero pledge	Pledging appears or holding falls materially
Is the multiple supported?	EPS keeps rising faster than the price, as it did from 5 August to 10 September	Price rises while the earnings base stalls

What the current price already assumes

Talbros has done the hard part. It turned ₹16 crore of profit in FY17 into ₹104 crore in FY26, built a genuinely diversified product range across four manufacturing disciplines, and did it while ending up net cash with no promoter pledging. Return on capital in the high teens for a supplier at this scale is a real achievement rather than an accounting artefact.

What the ₹416.95 price does is capitalise most of that. Twenty-three times trailing earnings for a cyclical supplier assumes the margin structure holds, the content-per-vehicle story continues and the OEM cycle stays supportive. The evidence that would justify the multiple is not another product announcement. It is ROCE recovering above its own five-year average while the capital base keeps growing, which is the single measurement that separates a supplier compounding value from one merely compounding revenue.

FAQ

What is Talbros Automotive’s share price target for 2026?

The 2026 figures in the grid come from applying trailing EPS of ₹18 to three growth rates and three exit multiples, adjusted for the 112 days remaining in the year from 10 September. Because only about four months of the year remain, the 2026 numbers sit close to the current price in the base case and differ mainly through the assumed multiple. They are a range of outcomes, not a prediction.

What is Talbros Automotive’s share price target for 2030?

The 2030 column compounds the same EPS base forward by roughly 4.3 years at each scenario’s growth rate before applying that scenario’s exit P/E. The spread between bear and bull is wide because both the growth rate and the multiple differ across scenarios, and the two effects multiply. Treat it as a sensitivity exercise on two assumptions rather than a forecast.

What does Talbros Automotive do?

Talbros Automotive Components Limited manufactures auto components in India and exports them. Its four product families are gaskets, forgings, chassis components, and anti-vibration parts and hoses, which go into passenger and commercial vehicles, two- and three-wheelers, agricultural machinery, off-loaders and industrial vehicles. It was incorporated in 1956, is based in Faridabad, and employs about 618 people.

Who are the promoters of Talbros Automotive?

The promoter group holds 61.98% of the company, and none of those shares are pledged. The captured figures record the size of the holding rather than naming individual promoters, so the exchange filings on NSE are the place to check the current shareholding pattern. A holding near 62% with zero encumbrance is a structurally strong ownership position for a company of this size.

What is the NSE symbol for Talbros Automotive?

The stock trades on the NSE under the symbol TALBROAUTO, which is why data services list it as TALBROAUTO.NS. The company’s full legal name is Talbros Automotive Components Limited, and it should not be confused with other Talbros group entities.

What drives Talbros Automotive’s share price?

Four factors dominate: Indian OEM production volumes, content won per vehicle in chassis and forging parts, steel input costs and the lag in passing them through, and the earnings multiple the market is willing to pay for a cyclical supplier. At 23.16 times trailing earnings, the multiple is doing as much work in the valuation as the earnings themselves.

Related research

• Uno Minda share price target — a larger auto-components peer serving the same OEM customer base
• Force Motors share price target — the OEM side of the same commercial-vehicle demand cycle
• Maruti Suzuki share price target — passenger-vehicle build rates that feed supplier order books
• Bajaj Auto share price target — two-wheeler volumes, a large end market for gaskets
• How to value a stock — the method behind the scenario framework used above
• P/E ratio formula — why the multiple matters as much as the earnings
• Return on equity explained — reading ROE against ROCE in a lightly geared company
• Debt-to-equity ratio — what an 11% gearing reading actually protects against

Sources and methodology

• Talbros Automotive on Screener.in
• Talbros Automotive quote and filings on NSE
• Talbros Automotive company website

Price, 52-week range, market capitalisation, trailing EPS, book value, debt, cash, revenue, EBITDA, margins, promoter holding and the annual revenue and profit rows were captured from Yahoo Finance after the completed session of 10 September 2026. The ratio set covering operating margin, ROE, ROCE, the five-year average ROCE, PEG, EV/EBITDA and the five-year sales and profit CAGRs is Screener-derived and dated 5 August 2026; where the two dates disagree, such as the P/E of 24.69 on 5 August against 23.16 on 10 September, both are shown rather than reconciled. No Screener financial statement tables were available for this company, so there is no quarterly series here and none has been estimated.

The company description, product families, end markets, incorporation year, location and headcount come from the company profile carried by Yahoo Finance and can be checked against the company website and NSE filings. Analytical judgment begins with the interpretation of the ROCE gap, the treatment of PEG, the reading of the margin-versus-volume split in the five-year record, and the choice of the three growth rates and exit multiples in the scenario table. Those are opinions built on the disclosed figures, not disclosures themselves.

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This article is research and education, not personalised investment advice or a recommendation to transact. Gale is not a SEBI-registered investment adviser. The scenarios are illustrations, not guarantees. Verify current exchange filings, liquidity, corporate actions and suitability, and consult a registered adviser before acting.