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Industrials · Other Industrial Products

Subros Ltd (SUBROS)

₹576.35

Mkt cap
₹3,760 Cr
P/E ratio
21.90
P/B
3.02
Div yield
0.52%
ROE
14.50%
ROCE
19.20%
EPS (TTM)
₹26.32
Book value
₹191
52W range
572–1,161
Sector
Industrials

Price history

Previous close

Subros Limited was incorporated in 1985 as a joint venture public limited company with Suri family of India (36.79% ownership), Denso Corporation, Japan (20% ownership) & Suzuki Motor Corporation, Japan (11.96% ownership). It is engaged in the business of manufacturing and supplying Auto Air Conditioning products for all major Automakers in Passenger and Commercial Vehicle Space. It has a technical collaboration with Denso Corporation [1]

NSE SUBROSBSE 517168
Health check
Cautious
ValuationFair
ProfitabilityAverage
GrowthModerate
TechnicalsBearish
52-week range
−50.36% from high
₹576
₹572+0.73% from low₹1,161
Current
₹576.35
Prev close
₹586.10
Day
−1.66%
Price performance
1D
−1.89%
1W
−2.23%
1M
−18.11%
3M
−26.59%
6M
−26.17%
1Y
−46.53%
YTD
−36.15%

Financials

Revenue, profit & margin
P/E ratio
21.9×
SUBROS is 11% below the sector median of 24.5×
SUBROS21.9×
Sector median24.5×
 Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Trend
Sales6938137328328108288219088788809481,0501,032
Expenses646743673755733752745816796811866958951
Operating Profit47706077777676938268819281
OPM %7%9%8%9%10%9%9%10%9%8%9%9%8%
Other Income23743656620-286
Interest2344323322323
Depreciation27292832313232343131323129
Profit before tax20423445474946625555456656
Tax %32%36%21%32%26%25%28%25%25%25%22%26%26%
Net Profit14272730353633464141354942
EPS in Rs2.084.104.124.665.365.585.057.086.266.255.337.566.36
Raw PDF

Earnings

Results dates & reactions
Next results
3 Nov '26scheduled

Fresh quarters land in the Financials table above, tagged NSE until screener catches up.

Avg earnings-day move −6.10% · closed higher next day 0 of last 1
 Q1FY27
Broadcast7 Aug '26◦
Earnings day−6.10%
+1 day−7.61%
+5 days−8.02%
+15 days−13.42%
+30 days−13.04%
FilingXBRL

Corporate actions

Last 6 months

No recent corporate actions

Dividends, splits, and bonuses in the last six months show up here.

Results analysis

Shareholding

as of Sep 2026
36.79%Promoter
Promoters36.79%
FIIs32.70%0.02
DIIs10.59%0.11
Public19.90%0.09
Ownership trend

Peers

7 companies
Valuation vs quality
P/E × ROCE · bubble = market cap
NameCMPP/EMkt CapDiv YldNP QtrQtr Profit VarSales QtrQtr Sales VarROCE
HBL Engineering₹799.3527.6422,1580.38%109−25.07%638+6.03%59.30%
Inox India₹1,860.2065.6516,8840.11%58−4.99%371+9.18%33.48%
Esab India₹5,258.5039.108,0941.43%56+37.13%421+19.63%64.68%
KRN Heat Exchan₹1,147.2065.287,5090.00%36+100.39%319+109.86%15.98%
Harsha Engg Intl₹414.1524.383,7710.36%37−1.45%457+25.22%13.00%
Subros₹576.3521.873,7600.52%42+1.69%1,032+17.52%19.16%
Ador Welding₹1,330.9019.172,3161.73%27+4.14%344+22.93%22.71%
Median: 32 Co.₹327.5024.485370.00%6+10.16%74+19.63%16.17%

Filings

Annual reports15
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022Annual Report 2021Annual Report 2020Annual Report 2019Annual Report 2018Annual Report 2017Annual Report 2016Annual Report 2015Annual Report 2014Annual Report 2013Annual Report 2012
Concall transcripts43
TranscriptAug 2026PPTAug 2026RECAug 2026TranscriptMay 2026PPTMay 2026TranscriptFeb 2026PPTFeb 2026TranscriptNov 2025PPTNov 2025RECNov 2025TranscriptAug 2025PPTAug 2025RECAug 2025TranscriptMay 2025PPTMay 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptNov 2024PPTNov 2024RECNov 2024TranscriptAug 2024PPTAug 2024TranscriptAug 2024
Credit ratings6
Rating update 27 MaricraRating update 17 Feb 2025icraRating update 31 Jan 2024icraRating update 31 Jan 2023icraRating update 24 Jan 2022icraRating update 26 Feb 2021icra
Announcements5
Capacity Addition Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 28 Oct - Kharkhoda, Haryana greenfield plant begins production October 28, 2026; adds 4.5 lakh units annually, Rs.150 crore investment.Announcement under Regulation 30 (LODR) - Bagging/receiving of order(s) or contract(s) 27 Oct - Subros won HVAC assembly supply business from MSIL worth about Rs 1,225 crore over seven years.Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Oct - Subros will host an analyst and investor conference call on 4 November 2026 at 10:30 a.m. IST.Board Meeting Intimation for Intimation Of The Board Meeting For The Quarter And Half-Year Ended 30Th September, 2026 23 Oct - Board meets on 3 November 2026 to approve Q2 and half-year FY27 results.Announcement under Regulation 30 (LODR)-Press Release / Media Release 15 Oct - Subros inaugurated SATIC innovation centre at Sector 136, Noida to strengthen R&D and advanced technologies.