Talbros Engineering Limited

Talbros Engineering Limited – Company Report


1. Company Overview


Talbros Engineering Limited, established in 1980 and headquartered in Faridabad, Haryana, is a leading Indian manufacturer specializing in rear axle shafts for the automotive industry. Originally a subsidiary of Talbros Automotive Components, Talbros Engineering became a standalone business in 1995, retaining its core DNA in axle shaft manufacturing and evolving as a critical supplier to both Indian and global OEMs. The company serves passenger vehicles, commercial vehicles, off-road, and tractor segments with a light, medium, and heavy-duty product range. With an annual capacity of 3 million axle shafts, Talbros' operations are ISO-certified and rely on modern manufacturing, full in-house integration, and advanced quality control. The company is publicly listed and is a preferred partner to all major domestic OEMs and global Tier 1 suppliers.

  • Incorporated: 1980
  • Headquarters: Faridabad, Haryana, India
  • Key Product: Rear axle shafts (light, medium, heavy-duty)
  • Installed Capacity: 3 million axle shafts per year
  • Manufacturing: 300,000 sq. ft. facilities; fully integrated operations
  • Clients: OEMs in India and abroad, including Mahindra, Dana, Meritor, AAM
  • Employees: 100+ engineers and skilled staff
  • Listed: Indian stock exchanges (BSE: 538987)

2. Products and Services


Talbros Engineering specializes in:

  • Axle Shafts:

    • Full Float and Semi-Float axle shafts for passenger vehicles, commercial vehicles, off-road, and tractors.
    • Range: 3kg–50kg per shaft, flange diameters from 30mm to 260mm, bar diameters 30mm to 70mm.
  • Forged Components:

    • Custom-designed, high-strength forged parts for automotive applications.
  • Services:

    • Engineering services including new product development, manufacturing outsourcing, 3rd-party inspection, and quality certification for international customers.
  • Manufacturing Capabilities:

    • In-house forging, heat treatment, machining, induction hardening, and advanced metallurgical and metrology laboratories with full traceability of all shafts produced.
  • Aftermarket and Exports:

    • Supplies to global aftermarket with a traceability code system.

All production processes are supported by rigorous, multi-stage quality checks and compliance with stringent OEM standards.


3. Recent News and Financial Performance


Business Developments

  • Continued strong relationships with major OEM clients, including the role of single-source supplier for Mahindra Scorpio axle shafts.
  • Upgraded manufacturing capacity and automation, bolstering efficiency and reducing costs.
  • Regular product innovation and process improvements to meet evolving customer requirements.
  • Dividend considered in FY2025, reflecting improved profitability and board confidence.

4. Financial Performance (FY2025)


Metric FY2025 Value
Revenue ₹446.09 crore
Net Profit (PAT) ₹20.17 crore
Operating Profit Margin 11.16%
Net Profit Margin 4.5%
EPS ₹39.73
Dividend Payout % 6%

Financial Summary

FY2025
MetricCompanyIndustry Avg.
Price / Sales0.671.55
EV / EBITDA8.5611.62
Debt / Equity0.860.61
ROE %13.9116.6
ROCE %14.5718.24
P / B1.933.18
Div Yld %0.680.64
P/E14.7722.43
OPM %11.1612.89
Qtr Sales Growth YOY %21.6921.85
Qtr Profit Growth YOY %20.9128.02
ROA LAST 12M %6.457.93
Prom. Hold. %72.5971.15
Sales 3Yrs CAGR %8.312.17
Sales 5Yrs CAGR %15.5813.15
Profit 3Yrs CAGR %-2.9630.96
Profit 5Yrs CAGR %3841.02

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