Dividend Stock: This Small Cap Multibagger Stock With 236.55% 1-Year Returns Will Trade Ex-Dividend Next Week

Shares of Talbros Automotive Components will remain on investors' radar next week as the stock will trade ex-dividend on November 28. Ex-dividend usually denotes a stock that trades without carrying the value of the next dividend payment. The ex-dividend date is the day the stock begins trading and the value of its next dividend payment.

Usually, the ex-dividend date for a stock is one business day prior to the record date, indicating that an investor who purchases the stock on its ex-dividend date or afterward will not be entitled to receive the declared dividend.

Talbros Automotive ex dividend date:

The company had earlier announced an interim dividend of Rs 0.2 per equity share. The stock will trade ex-dividend on November 28. Talbros Automotive Components shares last closed 2% lower at Rs 306.90 per share. On November 22, the stock traded on a new 52 52-week high value of 347.75.

The stock touched the upper circuit of Rs. 281.85 on November 20. In the last one year, the returns from the stock have gained 236.55%, while its year-to-date (YTD) performance is up 170.61%. The company commands a market capitalization of 1,894.44 crore.

Talbros Automotive Components Share price performance

In the last six months, Talbros Automotive shares have gained 196.55%. Talbros Automotive Components is a small-cap multibagger stock. The stock's last 3-year and 5-year performance is up 905.24% and 571.70% respectively.
Earlier this month in its Q2 results the company announced an interim dividend of 10% which is twenty paise per equity share of face value of Rs. 2/- each for the financial year 2023-24.

Talbros Q2 results:

For the period ending September 30, 2023, the company's net profit increased 53% to Rs 20 crore compared to a net profit of Rs 13.1 crore in the prior corresponding period. Revenue from operations jumped 21% year-on-year (YoY) to Rs 194 crore in the September 2023 quarter against Rs 160.7 crore in the corresponding quarter of the last fiscal.

About Talbros Automotive Components Limited:

Talbros Automotive Components Limited., the flagship manufacturing company of the Talbros Group was established in the year 1956 to manufacture Automotive & industrial in collaboration with Coopers Payen of UK. Today Talbros stands proud and tall as a mother brand of gaskets, chassis, rubber products and forgings in India.

Talbros Group's portfolio also includes Mercedes-Benz dealerships for passenger cars. TACL together with JV alliances has 10 manufacturing facilities at Haryana, Uttarakhand,and Maharashtra and R&D technology center at Faridabad. The facilities are equipped to design, develop and manufacture products as per customer requirements competitively. The company has technical collaborations with Nippon LeaklessCorporation - Japan and Sanwa Packaging - Japan.