1:5 Stock Split!!! This High Quality Small Cap Automotive component manufacturer rises to New Heights !! (Talbros Automotive Components share)

Established in 1956, Talbros is a global company with a strong presence worldwide. From the very beginning, the company has prioritized understanding and meeting its clients’ needs, consistently adding value and focusing on delivering excellent quality and cutting-edge technology.

Together with its joint venture companies, Talbros offers an extensive range of products including gaskets, heat shields, forgings, chassis and suspension systems, anti-vibration components, and hoses. With such a diversified product portfolio, the company serves various segments of the automobile industry such as passenger vehicles, commercial vehicles, two-wheelers, three-wheelers, agricultural machinery, off-loaders, and industrial vehicles, among others.

Talbros has strategically partnered with renowned global players and established world-class manufacturing facilities. These collaborations have not only enhanced the company’s capabilities but also enabled it to consistently deliver best-in-class auto components to its customers over the years.

~50% Market share in Gaskets 3x the nearest competitor
Market Leader in — Two-Wheeler, Agri & Off Loaders, HCV & LCV segment
Single Source Supplier for 5 of the customers
New Multi year orders worth over Rs. 400 crores received in July-23
Signed up exclusive contract with SANWA for Light Weight Aluminium Heat Shields which is used for automotive applications specially in PV segment and is a futuristic product technology
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.

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The company has recently announced 10-for-1 stock split i.e., for every one old share you held, you would receive five new shares with the adjusted lower face value. Here,

Old face value: Rs. 10
New face value: Rs. 2

In a stock split, the company increases the number of shares outstanding while simultaneously decreasing the stock’s price per share. This is usually done to make the stock more affordable to a wider range of investors and to improve liquidity.

The stock split will be effective on October 27, 2023.

The company’s market capitalization is about ₹1,298 Crores.
The current stock price stands at ₹1050, with a high/low range of ₹1164 to ₹370.
The stock’s P/E ratio is at 21.2, while the book value is ₹298, and the dividend yield is 0.29%.
The company exhibits a robust financial performance with an ROCE of 19.2% and an ROE of 16.5%.
With a face value of current ₹10 and a debt-to-equity ratio of 0.24, it maintains a healthy financial structure. Additionally, there is no pledged percentage of shares, highlighting a low level of risk.

RSI (Relative Strength Index): 60.4
MACD (Moving Average Convergence Divergence): 13.2
MFI (Money Flow Index): 69.9
MACD Signal Line: 4.9
ADX (Average Directional Index): 24.1
ATR (Average True Range): 40.5
Commodity Channel Index: 102
ROC125 (Rate of Change – 125 periods): 147.6
ROC21 (Rate of Change – 21 periods): -1.6
Williams %R: -13.3

Here are the resistance and support levels for Talbros Automotive Components share:

Here is the content for the block:

Resistance Levels

First Resistance: 1062.5
Second Resistance: 1074.7
Third Resistance: 1085.9

Support Levels

First Support: 1039.0
Second Support: 1027.8
Third Support: 1015.6

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