Small Cap Stock With 3-Yrs Return Of 887% Trades Ex-Dividend Today; Check Details

The share price of small-cap multi-bagger stock Talbros Automotive Components Ltd remained in focus on Tuesday as the stock is trading ex-dividend today. Talbros Automotive Components stock belongs to the auto ancillaries sector.

In today's intraday trading session, Talbros Automotive Components shares traded 0.42% lower at Rs 305.60 per share at 11:32 am IST. The stock has a 52 Wk High and 52 Wk low of Rs 347.75 and Rs 76.02 respectively. At today's price, the company has a market capitalization (full) of 1,886.41 crore.

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.

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.

The stock traded at a new 52-week high value of 347.75 on November 22. 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 232.17%, while its year-to-date (YTD) performance is up 169.38%.

Talbros Automotive Components Share price performance

In the last six months, Talbros Automotive shares have gained 195.03. Talbros Automotive Components is a small-cap multibagger stock. The stock's last 3-year and 5-year performance is up 887.08% and 604.08% respectively.
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.

Talbros Automotive Components receives orders worth ~Rs. 580 crores

On November 20, 2023, the company informed via an exchange filing that Talbros Automotive Components Limited has received new multi-year orders worth ~Rs. 580 crores from both, domestic and overseas customers across its business divisions, product segments, and JVs.

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.

Meanwhile, another stock that is trading ex-dividend today is Veeram Securities Ltd. The company had announced an interim dividend of Re 0.05 per equity share with a face value of Rs 2 per share. Shares of Veeram Securities were up 0.68% at Rs 8.92 per share at 11:45 am IST today.