---
title: "Subros Ltd (SUBROS) — Share Price, Financials & Analysis"
symbol: "SUBROS"
company: "Subros Ltd"
canonical: "https://tapetide.com/stocks/SUBROS"
isin: "INE287B01021"
nse_symbol: "SUBROS"
bse_code: "517168"
sector: "Industrials"
industry: "Industrial Products"
market_cap_cr: 4567.48
generated_at: "2026-09-13T19:15:06.620Z"
---

# Subros Ltd (SUBROS)

Canonical page: https://tapetide.com/stocks/SUBROS

## Company

- **NSE Symbol:** SUBROS
- **BSE Code:** 517168
- **ISIN:** INE287B01021
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2005-07-13
- **CEO:** Ms. Shradha Suri Marwah
- **Employees:** 3908
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** subros.com

## About

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]

## Latest Price

- **Price:** ₹703.75
- **Change:** -8.85 (-1.24%)
- **Open:** ₹707.15
- **Day High:** ₹708.85
- **Day Low:** ₹697.1
- **Previous Close:** ₹712.6
- **Volume:** 27663
- **As Of:** 2026-09-11T10:01:38+00:00

## Key Fundamentals

Observed at 2026-09-11T04:43:44.423663Z.

- **Market Cap:** ₹4567.48 Cr
- **Classification:** Microcap
- **P/E (reported):** 27.9
- **P/E (TTM):** 27.6
- **EPS (TTM):** ₹25.5
- **EPS (reported):** ₹18.25
- **Book Value:** ₹190.71
- **Price to Book:** 3.73
- **Dividend Yield:** 0.42%
- **ROE:** 13.31%
- **ROCE:** 16.75%
- **Debt to Equity:** 0.06
- **Revenue (yearly):** ₹3794 Cr
- **Net Income:** ₹165.6 Cr
- **EBITDA:** ₹362.7 Cr
- **52-Week High:** ₹1213.7
- **52-Week Low:** ₹622.1
- **RSI (14):** 38.89

## Tapetide Score

- **Score:** 45 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Fair · Momentum: Falling
- **Percentile:** 28.3 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 71.6 | 9% |
| growth | 44.6 | 9% |
| momentum | 31.35 | 12% |
| ownership | 35.98 | 24% |
| quality | 40.54 | 22% |
| valuation | 52.26 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Company has delivered good profit growth of 28.8% CAGR over last 5 years

### Weaknesses

- Company has a low return on equity of 13.3% over last 3 years.
- Debtor days have increased from 46.2 to 55.9 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -39.76% | -36.36% | -30.17% |
| ebitda margin growth | -12.64% | -5.53% | 9.76% | 35.8% |
| net income growth | -15.82% | 10.03% | 53% | 29% |
| revenue growth | -1.81% | 11.97% | 10% | 16% |
| roce | -14.94% | -9.56% | 12.64% | 12.99% |
| roe | -15.83% | -3.27% | 12.43% | 237.82% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 813 | 732 | 832 | 810 | 828 | 821 | 908 | 878 | 880 | 948 | 1050 | 1032 |
| Expenses | 743 | 673 | 755 | 733 | 752 | 745 | 816 | 796 | 811 | 866 | 958 | 951 |
| Operating Profit | 70 | 60 | 77 | 77 | 76 | 76 | 93 | 82 | 68 | 81 | 92 | 81 |
| OPM % | 9 | 8 | 9 | 10 | 9 | 9 | 10 | 9 | 8 | 9 | 9 | 8 |
| Other Income | 3 | 7 | 4 | 3 | 6 | 5 | 6 | 6 | 20 | -2 | 8 | 6 |
| Interest | 3 | 4 | 4 | 3 | 2 | 3 | 3 | 2 | 2 | 3 | 2 | 3 |
| Depreciation | 29 | 28 | 32 | 31 | 32 | 32 | 34 | 31 | 31 | 32 | 31 | 29 |
| Profit before tax | 42 | 34 | 45 | 47 | 49 | 46 | 62 | 55 | 55 | 45 | 66 | 56 |
| Tax % | 36 | 21 | 32 | 26 | 25 | 28 | 25 | 25 | 25 | 22 | 26 | 26 |
| Net Profit | 27 | 27 | 30 | 35 | 36 | 33 | 46 | 41 | 41 | 35 | 49 | 42 |
| EPS in Rs | 4.1 | 4.12 | 4.66 | 5.36 | 5.58 | 5.05 | 7.08 | 6.26 | 6.25 | 5.33 | 7.56 | 6.36 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1913 | 2124 | 1993 | 1796 | 2239 | 2806 | 3071 | 3368 | 3756 | 3909 |
| Expenses | 1703 | 1896 | 1804 | 1642 | 2089 | 2638 | 2815 | 3045 | 3430 | 3587 |
| Operating Profit | 210 | 229 | 189 | 154 | 149 | 168 | 255 | 323 | 325 | 323 |
| OPM % | 11 | 11 | 9 | 9 | 7 | 6 | 8 | 10 | 9 | 8 |
| Other Income | 6 | 6 | 62 | 11 | 9 | 20 | 14 | 20 | 30 | 31 |
| Interest | 41 | 42 | 36 | 16 | 11 | 7 | 12 | 11 | 10 | 10 |
| Depreciation | 92 | 79 | 90 | 92 | 102 | 110 | 117 | 128 | 125 | 123 |
| Profit before tax | 82 | 114 | 124 | 56 | 45 | 71 | 141 | 204 | 220 | 221 |
| Tax % | 26 | 33 | 32 | 16 | 28 | 32 | 31 | 26 | 25 | — |
| Net Profit | 61 | 76 | 85 | 47 | 32 | 48 | 98 | 151 | 166 | 166 |
| EPS in Rs | 10.1 | 11.69 | 13 | 7.26 | 4.98 | 7.35 | 14.96 | 23.08 | 25.39 | 25.5 |
| Dividend Payout % | 11 | 11 | 6 | 10 | 14 | 14 | 12 | 11 | 12 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 12 | 12 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 335 | 392 | 667 | 739 | 782 | 811 | 854 | 943 | 1081 | 1231 |
| Borrowings | 404 | 385 | 244 | 155 | 52 | 33 | 19 | 35 | 41 | 75 |
| Other Liabilities | 373 | 508 | 456 | 482 | 602 | 648 | 657 | 661 | 724 | 815 |
| Total Liabilities | 1125 | 1297 | 1380 | 1388 | 1449 | 1505 | 1543 | 1651 | 1859 | 2134 |
| Fixed Assets | 497 | 670 | 690 | 765 | 745 | 726 | 723 | 745 | 719 | 730 |
| CWIP | 149 | 90 | 86 | 66 | 54 | 61 | 86 | 80 | 79 | 79 |
| Investments | 1 | 2 | 2 | 1 | 5 | 5 | 25 | 5 | 116 | 143 |
| Other Assets | 477 | 536 | 603 | 555 | 646 | 712 | 709 | 821 | 945 | 1182 |
| Total Assets | 1125 | 1297 | 1380 | 1388 | 1449 | 1505 | 1543 | 1651 | 1859 | 2134 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

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

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 31 | 31 | 29 | 35 | 42 | 37 | 27 | 34 | 49 | 56 |
| Inventory Days | 70 | 66 | 61 | 61 | 80 | 70 | 57 | 60 | 56 | 60 |
| Days Payable | 82 | 112 | 96 | 100 | 130 | 107 | 83 | 81 | 84 | 82 |
| Cash Conversion Cycle | 19 | -16 | -6 | -4 | -9 | -1 | 2 | 13 | 21 | 34 |
| Working Capital Days | -47 | -52 | -29 | -23 | -16 | -9 | -6 | 7 | 17 | 32 |
| ROCE % | 12 | 16 | 19 | 13 | 8 | 7 | 9 | 16 | 20 | 19 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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% |
| FIIs | 32.73% | 31.96% | 32.83% | 33.22% | 33.05% | 32.81% | 32.8% | 32.93% | 33.13% | 32.78% | 32.79% | 32.69% |
| DIIs | 10.96% | 9.46% | 9.96% | 10.4% | 10.67% | 10.72% | 11.18% | 11.32% | 11.3% | 11.05% | 10.77% | 10.7% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 10.79% | 10.98% | 11.07% | 10.47% | 10.25% | 10.41% | 10% | 9.83% | 9.58% | 10.24% | 10.47% | 10.61% |
| Others | 8.72% | 10.82% | 9.35% | 9.12% | 9.24% | 9.27% | 9.23% | 9.14% | 9.2% | 9.14% | 9.18% | 9.21% |
| No. of Shareholders | 38402 | 48337 | 53981 | 46567 | 47760 | 48934 | 47848 | 47450 | 48427 | 52758 | 54708 | 56225 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 6 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 710.43 | Sell |
| EMA (10) | 713.82 | Sell |
| SMA (20) | 723.14 | Sell |
| EMA (20) | 726.54 | Sell |
| SMA (50) | 769.76 | Sell |
| EMA (50) | 750.92 | Sell |
| SMA (100) | 766.15 | Sell |
| EMA (100) | 764.14 | Sell |
| SMA (200) | 779.11 | Sell |
| EMA (200) | 773.34 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 36.02 | Neutral |
| MACD (12,26,9) | -17.69 | Buy |
| Stochastic (14,3,3) | 40.68 | Neutral |
| ADX (14) | 26.11 | Buy |
| Williams %R (14) | -79.86 | Neutral |
| ATR (14) | 18.8 | Neutral |
| ROC (12) | -3.64 | Sell |
| Stoch RSI (14) | 57.69 | Neutral |
| UO (7,14,28) | 43.01 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 3 | 100% |
| Hold | 0 | 0% |
| Sell | 0 | 0% |

Based on 3 analyst ratings, observed at 2026-09-11T04:43:44.580285+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dc5fb9f0-968c-4fcc-aebe-251d8862aee3.pdf) |
| 2026-08-25 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d5a95f9a-0dde-4304-a6d1-c0c50456925e.pdf) |
| 2026-08-25 | [Notice For 41St AGM Scheduled On 18Th September 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b1cd3dc2-9bfc-4482-8100-e51cd8a9a0f1.pdf) |
| 2026-08-25 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b2ff3299-3b94-4b0a-8059-2ce27683b115.pdf) |
| 2026-08-25 | [Letter Providing Web-Link Of Annual Report And AGM Notice Under Regulation 36(1)(B) For F.Y 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1c35cd3d-26dd-4623-98ce-8ba6ab1a5416.pdf) |
| 2026-08-22 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a93b7cb9-0f46-46fb-97d2-3896283572df.pdf) |
| 2026-08-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1c17be9a-bff0-4a5d-b8f4-59a5bbab7495.pdf) |
| 2026-08-07 | [Board Meeting Outcome for Outcome Of Board Meeting For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7636eb29-0d3b-4bd6-9ec0-ffacc7ae3515.pdf) |
| 2026-08-07 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0e7b2768-3c99-4242-bf8b-59b225e957ca.pdf) |
| 2026-08-07 | [Announcement Under Regulation 30](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4ded26d7-ed50-445b-a565-a35d71dd612f.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8341bb7e-abe1-4a3e-bdb3-f7c3c87a40bf.pdf) |
| 2026-05-26 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fa1f1ced-082e-4174-b3e4-e8120fbb9143.pdf) |
| 2026-02-06 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e6a9a75b-36f9-43da-aefa-0924309c11d9.pdf) |
| 2025-11-14 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb9bcd1c-cfa6-4188-b416-c86e46f7b664.pdf) |
| 2025-08-13 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=706643ed-89e5-49ea-828b-6e5528393a9e.pdf) |
| 2025-05-29 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c0d4d86b-fa99-4074-943b-7686a42b8a4b.pdf) |
| 2025-02-05 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5be185c6-0b87-4520-aa09-11b60b9acb38.pdf) |
| 2024-11-14 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=61a0fa9e-c9fe-4345-b20b-38da8222b57f.pdf) |
| 2024-08-20 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ea0544f9-f87b-44c6-beab-3d560da37fce.pdf) |
| 2024-05-30 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=37aca2de-df5f-4219-89ab-870fb4128553.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-08-10 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=af42b5d6-05aa-401e-a555-b200f8ebe6d3.pdf) |
| 2026-05-19 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9a19753e-67b6-4f75-b284-31e0579d6761.pdf) |
| 2026-02-02 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c7f1f24-2564-4c67-a425-2235747de174.pdf) |
| 2025-11-10 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2aaea985-0ef0-48bc-b900-b4e3d0439041.pdf) |
| 2025-08-08 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e3017784-7f89-4726-9ad3-6bf442d8c3d7.pdf) |
| 2025-05-23 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c9f6d0df-f8f1-45ed-a664-880c6e9c0436.pdf) |
| 2025-01-31 | [Audio Recording](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=31a1526d-6185-4010-aab6-9f087cd927f3.pdf) |
| 2024-11-08 | [Audio Recording](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=02524c78-1f8c-4b22-825e-f37ab60ceb68.pdf) |
| 2024-08-13 | [Audio Recording](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1f8b9496-03f5-4c05-89b2-02c7770aa45d.pdf) |
| 2024-05-24 | [Audio Recording](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=99d48e32-3e99-4477-9f12-1ab64382ed89.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-07 | [Unaudited Results For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8202acc4-ab2e-4b98-a498-ab0e53f861f3.pdf) |
| 2026-05-18 | [Results For The Financial Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6eb5488a-7d2e-43f1-920f-0afd53f109d4.pdf) |
| 2026-01-30 | [Unaudited Results For The Quarter And Nine Months Ended 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8c74fbb5-f298-49d4-bffd-55aede68a424.pdf) |
| 2025-11-10 | [Unaudited Results For The Quarter And Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c0148135-dd6c-4cca-bff0-4a481a2b0600.pdf) |
| 2025-08-08 | [Results For The Quarter Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=20da3693-a334-4f61-baed-34fdc9ef96fd.pdf) |
| 2025-05-22 | [Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=41cb3f70-79b2-4c73-b4b9-365f11b0a690.pdf) |
| 2025-01-30 | [Unaudited Financial Results For The Quarter Ended 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bffed466-166b-45cf-818e-27b644cbd26d.pdf) |
| 2024-11-07 | [Financial Results For The Quarter Ended 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d32d8d89-99c9-40c3-9a2c-d1fc2c7554b1.pdf) |
| 2024-08-12 | [Unaudited Financial Results For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7d9691b0-7f7a-4ad1-85d5-26efe5566a46.pdf) |
| 2024-05-23 | [Audited Financial Results For The Year Ended 31St March, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a1548a22-4f49-46d5-9211-badd59da107b.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-08-07 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6a89eae9-bb22-4406-b7d0-dbebcfcd4324.pdf) |
| 2026-05-18 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=51f872b9-37f5-48b9-8594-03f449793787.pdf) |
| 2026-01-30 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fb16467e-d240-49bb-8f16-9529d5f51104.pdf) |
| 2025-11-10 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=74303aa7-bcc5-46c0-adfd-9e7eb04ebb42.pdf) |
| 2025-08-07 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e7dfc676-5b29-4073-906e-86c7c641f5ab.pdf) |
| 2025-05-22 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0d64b49e-a112-4b6e-bd70-aa862bcea3c7.pdf) |
| 2025-01-30 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d8cd6119-1128-4912-8c34-e5b3e6d48a7c.pdf) |
| 2024-11-07 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d6bf1637-6ee7-4f67-8dc7-6b25ba077364.pdf) |
| 2024-08-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4f23067c-ecd3-4037-a162-15366bcc8b50.pdf) |
| 2024-05-23 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d1cff658-c28c-4a14-ab0d-286aaca90a68.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/55c10fc2-55ae-4542-93b0-74df96ff76fc.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/51f872b9-37f5-48b9-8594-03f449793787.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/51f872b9-37f5-48b9-8594-03f449793787.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d1cff658-c28c-4a14-ab0d-286aaca90a68.pdf) |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=51b13c3a-25c6-4c94-9b20-8be6ff2f05cf.pdf) |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/51b13c3a-25c6-4c94-9b20-8be6ff2f05cf.pdf) |
| May 2017 | [Concall - May 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d05d6d33-f7ce-4627-a213-73e41c595bd6.pdf) |
| May 2017 | [Concall - May 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/5/d05d6d33-f7ce-4627-a213-73e41c595bd6.pdf) |
| Jan 2024 | [Concall - Jan 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/166a6f35-0bee-4894-a872-ac55f3865ea9.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4f23067c-ecd3-4037-a162-15366bcc8b50.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 May - For Analyst/Investor Conference Call for the quarter and financial year ended 31st March, 2026 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 May - For Analyst/Investor Conference Call for the quarter and financial year ended 31st March, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/567cf8f2-3167-40f8-b81c-26be7cdee0e5.pdf) |
| 7 May - Board meeting on May 18, 2026 to approve FY26 audited results and consider dividend. | [Board Meeting Intimation for Intimation Of The Board Meeting Under Regulation 29 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015. 7 May - Board meeting on May 18, 2026 to approve FY26 audited results and consider dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7bf4b0e6-1c84-43c4-b15b-71ded7b078cb.pdf) |
| 7 Apr - Regulation 74(5) compliance certificate submitted for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Regulation 74(5) compliance certificate submitted for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a1263ea8-7ecf-4faf-a1a9-b76aa20e6d60.pdf) |
| 31 Jan - Copy of Newspaper Publication for the quarter and nine months ended 31st December,2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 31 Jan - Copy of Newspaper Publication for the quarter and nine months ended 31st December,2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8bb2b49d-1827-459b-823f-a0119204c495.pdf) |
| 30 Apr - Subros confirms it is not a Large Corporate under SEBI debt framework. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Subros confirms it is not a Large Corporate under SEBI debt framework.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e100cf8a-376c-4ab0-8c38-86f96d9520c2.pdf) |
| 30 Apr - Subros confirms it is not a Large Corporate under SEBI debt framework. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Subros confirms it is not a Large Corporate under SEBI debt framework.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e100cf8a-376c-4ab0-8c38-86f96d9520c2.pdf) |
| 2d - Update on Intimation on Analyst/Investor meet submitted vide dated 07-05-2026 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2d - Update on Intimation on Analyst/Investor meet submitted vide dated 07-05-2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f3c79e21-087d-4630-a653-6e079144b811.pdf) |
| 27 Mar - ICRA assigns [ICRA]AA (Stable) to Rs40cr term loan; reaffirms [ICRA]AA/A1+ on Rs305cr facilities (March 27, 2026). | [Announcement under Regulation 30 (LODR)-Credit Rating 27 Mar - ICRA assigns [ICRA]AA (Stable) to Rs40cr term loan; reaffirms [ICRA]AA/A1+ on Rs305cr facilities (March 27, 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/282f5516-1370-427a-9cf0-006e6f3736c2.pdf) |
| 26 Mar - Trading window closed from 1 April 2026 until 48 hours after audited FY2026 results declaration. | [Closure of Trading Window 26 Mar - Trading window closed from 1 April 2026 until 48 hours after audited FY2026 results declaration.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cb4eb0dc-b637-4609-9818-6e071ba4d665.pdf) |
| 2 Feb - Audio recording of Feb 2, 2026 investor call on Q3 and nine-month unaudited results (ended Dec 31, 2025) uploaded. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 2 Feb - Audio recording of Feb 2, 2026 investor call on Q3 and nine-month unaudited results (ended Dec 31, 2025) uploaded.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2c7f1f24-2564-4c67-a425-2235747de174.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_SUBROS_2010_2011_12092011043031.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5569ecf9-0df5-489a-8e94-bc3e15f20dd4.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c5b39d32-9b26-4998-af9f-2f1643dbab55.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7699eea5-67b3-43d8-9008-d43d3cbf4cc8.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/517168/73718517168.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/517168/69592517168.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/517168/64902517168.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/517168/5171680319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/517168/5171680318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/517168/5171680317.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:15:06.620Z.