Subros Ltd logo

Subros Ltd

SUBROS NSE

Key Fundamentals

MicrocapAuto ComponentsAutomobiles
Market Cap
₹4,784 Cr
Volatility
Moderate
P/E Ratio
28.64
EBITDA
₹316 Cr
Return on Equity
13.76%
Debt to Equity
0.02
Book Value
₹190.71
EPS
₹18.25
52W High
₹1,213.7
52W Low
₹622.1

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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45 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 29.2% CAGR over last 5 years

Weaknesses

2
  • Company has a low return on equity of 13.4% over last 3 years.
  • Debtor days have increased from 46.2 to 55.9 days.

Growth Rate

Revenue Growth
10.84% ↗
Net Income Growth
4.95% ↗
Cash Flow Change
5.64% ↗
ROE
34.77% ↗
ROCE
24.55% ↗
EBITDA Margin (Avg.)
-17.69% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 51d ago
AI opinion · based on fundamentals
Risk medium

Subros Ltd, a leading automotive thermal products manufacturer with a market cap of ₹5,525 Cr, trades at a PE of 33.4x with improving profitability (ROE at 15% last year) and near-zero debt. The company has delivered 29% compounded profit CAGR over 5 years, though the stock has declined 13% over the past year and debtor days have expanded.

Bull Case 7
  • Strong 5-year compounded profit growth of 29% CAGR demonstrates consistent earnings expansion
  • Company is almost debt-free, significantly reducing financial risk and interest burden
  • TTM sales growth of 12% indicates healthy topline momentum in a cyclical industry
  • ROE has improved from 10% (5-year average) to 15% last year, signaling better capital efficiency
  • 10-year stock CAGR of 24% reflects sustained long-term value creation for shareholders
  • 3-year compounded profit growth of 54% shows accelerating earnings trajectory in recent years
  • 5-year compounded sales CAGR of 16% outpaces the 10-year CAGR of 11%, indicating improving growth rates
Bear Case 7
  • PE ratio of 33.4x is elevated for an auto-component company, leaving limited margin of safety
  • Stock has declined 13% over the past 1 year, underperforming broader markets
  • 3-year average ROE of only 13% is modest relative to the premium valuation commanded
  • Debtor days have increased from 46.2 to 55.9 days, indicating deteriorating working capital efficiency
  • Dividend yield of just 0.31% offers negligible income return to shareholders
  • Price-to-book ratio of 4.45x suggests the stock is priced for perfection with limited downside protection
  • 10-year compounded sales CAGR of only 11% reflects moderate topline growth for such a high valuation multiple

This is AI-generated analysis, not financial advice. Do your own due diligence.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
693
813
732
832
810
828
821
908
878
880
948
1,050
1,032
Expenses
646
743
673
755
733
752
745
816
796
811
866
958
951
Operating Profit
47
70
60
77
77
76
76
93
82
68
81
92
81
OPM %
7%
9%
8%
9%
10%
9%
9%
10%
9%
8%
9%
9%
8%
Other Income
2
3
7
4
3
6
5
6
6
20
-2
8
6
Interest
2
3
4
4
3
2
3
3
2
2
3
2
3
Depreciation
27
29
28
32
31
32
32
34
31
31
32
31
29
PBT
20
42
34
45
47
49
46
62
55
55
45
66
56
Tax %
32%
36%
21%
32%
26%
25%
28%
25%
25%
25%
22%
26%
26%
Net Profit
14
27
27
30
35
36
33
46
41
41
35
49
42
EPS in Rs
2.08
4.1
4.12
4.66
5.36
5.58
5.05
7.08
6.26
6.25
5.33
7.56
6.36
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,192
1,298
1,535
1,913
2,124
1,993
1,796
2,239
2,806
3,071
3,368
3,756
3,909
Expenses
1,055
1,146
1,367
1,703
1,896
1,804
1,642
2,089
2,638
2,815
3,045
3,431
3,587
Operating Profit
137
152
168
210
229
189
154
149
168
255
323
324
323
OPM %
11%
12%
11%
11%
11%
9%
9%
7%
6%
8%
10%
9%
8%
Other Income
1
2
-24
6
6
62
11
9
20
14
20
30
31
Interest
39
42
48
41
42
36
16
11
7
12
11
10
10
Depreciation
79
87
88
92
79
90
92
102
110
117
128
125
123
PBT
20
26
8
82
114
124
56
45
71
141
204
220
221
Tax %
0%
9%
-63%
26%
33%
32%
16%
28%
32%
31%
26%
25%
—
Net Profit
20
24
13
61
76
85
47
32
48
98
151
166
166
EPS in Rs
3.34
3.99
2.2
10.1
11.69
13
7.26
4.98
7.35
14.96
23.08
25.39
25.5
Div. Payout %
21%
20%
23%
11%
11%
6%
10%
14%
14%
12%
11%
12%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
12
12
12
12
13
13
13
13
13
13
13
13
Reserves
305
323
335
392
667
739
782
811
854
943
1,081
1,231
Borrowings
420
390
404
385
244
155
52
33
19
35
41
30
Other Liabilities
236
276
373
508
456
482
602
648
657
661
724
860
Total Liabilities
973
1,001
1,125
1,297
1,380
1,388
1,449
1,505
1,543
1,651
1,859
2,134
Fixed Assets
537
563
497
670
690
765
745
726
723
745
719
756
CWIP
88
54
149
90
86
66
54
61
86
80
79
53
Investments
0
0
1
2
2
1
5
5
25
5
116
143
Other Assets
348
384
477
536
603
555
646
712
709
821
945
1,182
Total Assets
973
1,001
1,125
1,297
1,380
1,388
1,449
1,505
1,543
1,651
1,859
2,134
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
141
151
111
315
100
239
154
151
141
166
175
105
Investing
-94
-69
-75
-231
-126
-93
-58
-100
-145
-92
-165
-137
Financing
-48
-82
-35
-72
17
-148
-68
-53
4
-65
-13
7
Net Cash Flow
-1
0
1
13
-8
-3
28
-1
-1
8
-3
-25
Free Cash Flow
47
82
33
84
-26
141
92
45
31
47
58
-42
CFO/OP
106
103
67
157
54
138
108
107
90
75
72
55
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
24
28
31
31
29
35
42
37
27
34
49
56
Inventory Days
78
73
70
66
61
61
80
70
57
60
56
60
Days Payable
49
54
82
112
96
100
130
107
83
81
84
82
Cash Conversion Cycle
52
47
19
-16
-6
-4
-9
-1
2
13
21
34
Working Capital Days
-36
-33
-47
-52
-29
-23
-16
-9
-6
7
17
42
ROCE %
8%
9%
12%
16%
19%
13%
8%
7%
9%
16%
20%
20%

Shareholding Pattern

As of Jun 2026
Promoters 36.79%
FIIs 32.69%
DIIs 10.70%
Public 10.61%
Others 9.21%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
36.79%
36.79%
36.79%
36.79%
36.79%
36.79%
36.79%
36.79%
36.79%
36.79%
36.79%
36.79%
36.79%
36.79%
36.79%
36.79%
36.79%
36.79%
36.79%
36.79%
36.79%
36.79%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
31.96%
31.96%
32.73%
31.96%
32.83%
33.22%
33.05%
32.81%
32.80%
32.93%
33.13%
32.78%
32.79%
32.69%
DIIs
10.62%
10.86%
11.66%
12.21%
12.39%
12.76%
13.00%
13.15%
13.30%
12.46%
10.96%
9.46%
9.96%
10.40%
10.67%
10.72%
11.18%
11.32%
11.30%
11.05%
10.77%
10.70%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
10.20%
10.33%
9.62%
9.17%
8.93%
8.75%
8.61%
8.71%
8.57%
9.42%
10.79%
10.98%
11.07%
10.47%
10.25%
10.41%
10.00%
9.83%
9.58%
10.24%
10.47%
10.61%
Others
42.39%
42.02%
41.93%
41.83%
41.89%
41.71%
41.60%
41.35%
9.38%
9.38%
8.72%
10.82%
9.35%
9.12%
9.24%
9.27%
9.23%
9.14%
9.20%
9.14%
9.18%
9.21%
No. of Shareholders
28,832
27,718
25,976
24,230
25,487
23,351
22,521
22,577
22,381
32,369
38,402
48,337
53,981
46,567
47,760
48,934
47,848
47,450
48,427
52,758
54,708
56,225

Documents

Frequently Asked Questions about Subros Ltd

What does Subros Ltd do?
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 Cond...
Where is Subros Ltd (SUBROS) listed?
Subros Ltd is listed on the Indian stock exchanges. It is listed on NSE: SUBROS and BSE: 517168. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Subros Ltd belong to?
Subros Ltd operates in the Automobiles sector within the Auto Components industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Subros Ltd?
Subros Ltd has a market capitalisation of approximately ₹4784.06 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Subros Ltd?
The Price-to-Earnings (PE) ratio of Subros Ltd is 28.64. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Subros Ltd?
Over the past 52 weeks, Subros Ltd has traded between a low of ₹622.1 and a high of ₹1,213.7. This range helps investors understand the stock's price volatility and recent trading levels.
Does Subros Ltd pay dividends?
Yes, Subros Ltd has a dividend yield of 0.41%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Subros Ltd?
Subros Ltd has a Return on Equity (ROE) of 13.76%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Subros Ltd on Tapetide?
On Tapetide, you can view Subros Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website subros.com
CEO Ms. Shradha Suri Marwah
Employees 3,908
Listed 2005-07-13
Face Value ₹ 2
Issued Size 6,52,35,750

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