Imp points Talbros Q1FY23 Con call:
- Have entered Agri construction & off-road segment for overseas market
- Out of new orders, 18% account for Electric Vehicle (EVs) segment for leading established domestic OEM for PV segment
- Received multi-year orders worth Rs. 400+ crores from domestic and overseas customers across all the divisions and varied segments. The order spans across newly invested technologies such as heat shields for which we have secured new customers in the Domestic PV space. 30% of this is export order book
- RM price increase can be passed on, recovery takes 1 qtr
- Have been added by Hyundai, Maruti, TATA Motors strong relationship with Marreli entity, similar for JLR. 2w & OEM looking strong too
- Across divisions utilisation is from 70-90%
- For this qtr order book from Maruti & tata is healthy
- In QTR1 heat shield business 8cr, for Hyundai commercial production should start in 1 month, in discussion with Maruti. In next 3-4 years this business can touch 60-70CR
- Export should be higher this year compared to last year
- Globally see a huge potential for Gaskets & heat shields
- On export 30-40% currency hedging is done, on imports nothing
- CAPEX Gasket -18-20 CR (including heat shield), Forging -12-15CR, others 10-12 CR
- 30th JUNE 92 CR is total debt (o.31 debt equity)