Subros
Subros Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Subros Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Subros Ltd trades at a P/E of 28.39× and P/B of 3.78×.
Valuation
Profitability
Growth
Financial Health
Subros Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Subros Ltd, switchable between annual and quarterly views, consolidated or standalone.
Subros Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹4,736.12 Cr and reported EPS of ₹25.42.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,970 | 2,124 | 1,993 | 1,796 | 2,239 | 2,806 | 3,071 | 3,368 | 3,756 |
| Other Income | 7 | 10 | 20 | 10 | 10 | 20 | 15 | 21 | 38 |
| Total Income | 1,977 | 2,135 | 2,013 | 1,806 | 2,248 | 2,827 | 3,085 | 3,388 | 3,794 |
| Cost of Goods Sold (COGS) | 1,335 | 1,484 | 1,408 | 1,290 | 1,661 | 2,150 | 2,267 | 2,432 | 2,736 |
| Gross Profit | 635 | 640 | 585 | 506 | 578 | 656 | 803 | 935 | 1,019 |
| +Operating Expenses | 425 | 412 | 396 | 352 | 429 | 488 | 549 | 613 | 695 |
| EBITDA | 210 | 228 | 189 | 154 | 149 | 168 | 254 | 322 | 324 |
| +Non-Operating Expenses | 131 | 118 | 168 | 108 | 113 | 117 | 128 | 140 | 126 |
| Profit Before Tax (PBT) | 82 | 114 | 124 | 56 | 45 | 71 | 141 | 203 | 220 |
| +Tax Expense | 22 | 38 | 39 | 9 | 13 | 23 | 43 | 53 | 55 |
| Profit After Tax (PAT) | 61 | 76 | 85 | 47 | 33 | 48 | 98 | 151 | 166 |
| Earnings Per Share (EPS) | 10.10 | 11.69 | 13.01 | 7.26 | 4.98 | 7.35 | 14.96 | 23.07 | 25.39 |
| Diluted Shares Outstanding (Nos.) | 6 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| +Additional Disclosures | 3,228 | 3,499 | 3,336 | 3,042 | 3,865 | 4,906 | 5,209 | 5,617 | 6,303 |
| Sales Growth % | — | 7.87 | -6.20 | -9.89 | 24.67 | 25.36 | 9.42 | 9.67 | 11.52 |
| YoY Sales Growth % | — | 7.87 | -6.20 | -9.89 | 24.67 | 25.36 | 9.42 | 9.67 | 11.52 |
| Material Cost % | 68 | 70 | 71 | 73 | 75 | 76 | 74 | 72 | 73 |
| Employee Cost % | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 10 | 10 |
| Other Cost % | 12 | 10 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| OPM % | 11 | 11 | 9 | 9 | 7 | 6 | 8 | 10 | 9 |
| Tax % | 26 | 33 | 32 | 16 | 28 | 32 | 31 | 26 | 25 |
| Profit Growth % | — | 25.89 | 11.29 | -44.16 | -31.41 | 47.45 | 103.69 | 54.22 | 10.04 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 118 | 149 | 99 | 62 | 46 | 57 | 138 | 194 | 199 |
Subros segment analysis: revenue and profit mix.
Disclosed business segments at Subros with their share of revenue and profit, switchable between consolidated and standalone reporting.
Subros discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Subros Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Subros Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Subros Ltd's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Robust profitability with ROE 14.50% and ROCE 20.00% indicates efficient capital utilization.
Healthy quarterly growth. sales up 8.45%, net profit up 16.70%, showing positive momentum.
Exceptionally low debt-to-equity ratio of 0.04 signifies a very strong financial position.
Significant FII stake increase to 33.14% signals strong institutional confidence.
Diversified product portfolio and clientele establish strong market position in automotive components.
What can break it.
High P/E ratio of 46.20 suggests potential overvaluation compared to sector peers.
Relatively low promoter holding at 36.8% may raise governance and commitment concerns.
Significant 52-week price volatility (₹502-₹1214) indicates considerable market risk.
High P/B ratio of 6.61 implies premium valuation, risking correction if growth falters.
Recent stock underperformance with -2.61% daily and -18.71% MTD returns.
What would change my mind.
Trim if P/E re-rates above 37. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 6.51. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 10%. The operating engine is no longer compounding capital efficiently.
Subros Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Subros Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Subros Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Subros Ltd — derived from the live tape, not yesterday's close.
Subros Ltd last traded at ₹721.55 with an intraday range of ₹705.55–₹726 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹721.55| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 770.75 | +49.20 | +6.82% |
| R3 | 750.30 | +28.75 | +3.98% |
| R2 | 738.15 | +16.60 | +2.30% |
| R1 | 729.85 | +8.30 | +1.15% |
| PIVOT | 717.70 | -3.85 | -0.53% |
| CURRENT | 721.55 | — | — |
| S1 | 668.50 | -53.05 | -7.35% |
| S2 | 688.95 | -32.60 | -4.52% |
| S3 | 697.25 | -24.30 | -3.37% |
| S4 | 709.40 | -12.15 | -1.68% |
SUBROS is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 710.7 ~ 720.1
Trading Above opening range, showing Bullishness
Subros Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Subros Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Subros Ltd stood at 62.4% of traded volume, against a 20-day average of 52.1%.
Subros announcements: results, concalls, ratings, M&A.
Filings Subros sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Subros files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 102 documents below.
Analysts/Institutional Investor Meet/Con. Call Updates
Subros Limited has informed the Exchange about Transcript
Analysts/Institutional Investor Meet/Con. Call Updates
Subros Limited has informed the Exchange about Schedule of meet
Analysts/Institutional Investor Meet/Con. Call Updates
Subros Limited has informed the Exchange about Link of Recording
Copy of Newspaper Publication
Subros Limited has informed the Exchange about Copy of Newspaper Publication
Disclosure under SEBI Takeover Regulations
Subros Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial…
Investor decks & rating reports.
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Subros dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Subros has declared, sequenced by announce and record date.
Subros corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Subros Ltd: business, sector, key facts.
What Subros Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Subros Ltd operates in the Consumer Cyclical, listed as NSE: SUBROS, BSE: 517168.
Subros Limited is a prominent Indian manufacturer and seller of thermal products specifically designed for the automotive industry. Their core business revolves around providing a comprehensive range of components and systems crucial for maintaining comfortable and functional vehicle interiors, as well as efficient temperature control for specialized applications.
A significant portion of Subros's product portfolio focuses on air conditioning and heating systems. This includes the production of compressors, a vital component in refrigeration cycles; condensers, responsible for heat dissipation; and complete HVAC (Heating, Ventilating, and Air Conditioning) systems encompassing heaters, evaporators, and blower units. These components are integrated into various vehicle types, indicating Subros's broad market reach.
Beyond core HVAC components, Subros also manufactures and supplies essential ancillary products such as tubes and hoses, critical for fluid transfer within the HVAC systems. Their product range extends beyond standard passenger vehicles to encompass specialized segments. This includes bus AC systems, driver cabin AC units for railway engines, and AC solutions for trucks and off-road vehicles. This diversification demonstrates their adaptability to meet the specific needs of different transportation sectors.
Subros's market presence extends beyond the automotive industry. They also produce commercial and residential air conditioning units, reflecting a broader approach to the thermal management market. In addition to their domestic market dominance, Subros actively engages in exporting their products, signifying their international competitiveness and global reach. Their extensive product line and diversified clientele establish them as a key player in India's automotive components sector and beyond.
Established in 1985 and headquartered in New Delhi, Subros Limited's long history and strategic location within India's automotive hub have contributed to its sustained growth and market leadership. The company's commitment to innovation and its ability to cater to a wide array of customer needs continue to shape its success in the competitive thermal management market.
Questions investors ask about Subros Ltd (SUBROS).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Subros Ltd (SUBROS)?
The current share price of Subros Ltd (SUBROS) is ₹721.55. Today, the stock has gained by ₹19.40 (2.76%), trading in a range of ₹705.55 to ₹726. The stock opened at ₹720.1 with a trading volume of 44,713 shares.
02Is Subros Ltd stock a good investment for long-term?
Subros Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹4,736.12 crores, P/E ratio of 28.39, ROE of 14.86%, and ROCE of 20.00%. The dividend yield stands at 0.43%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Subros Ltd stock?
The 52-week high price of Subros Ltd (SUBROS) is ₹0, while the 52-week low is ₹0. Currently trading at ₹721.55, the stock is Infinity% away from its 52-week low and -Infinity% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Subros Ltd stock at the current price?
Whether to buy Subros Ltd stock at ₹721.55 depends on multiple factors. The stock is currently trading with a P/E ratio of 28.39 and P/B ratio of 3.78. Today's performance shows a gain of 2.76%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Subros Ltd and when is the next dividend?
Subros Ltd offers a dividend yield of 0.43%, which means for every ₹100 invested at the current price of ₹721.55, you can expect to receive approximately ₹0.43 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Subros Ltd?
Subros Ltd's key financial metrics include: P/E Ratio: 28.39, P/B Ratio: 3.78, ROE: 14.86%, ROCE: 20.00%, Dividend Yield: 0.43%, EPS: ₹25.42, Book Value: ₹190.66, and Debt-to-Equity: 6.01. The company's market cap stands at ₹4,736.12 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Subros Ltd stock performing today in the market?
Subros Ltd stock opened at ₹720.1 and is currently trading at ₹721.55, showing a gain of ₹19.40 (2.76%). The intraday high is ₹726 and low is ₹705.55. The trading volume stands at 44,713 shares, indicating moderate market participation today.
08What is the P/E ratio of Subros Ltd and what does it indicate?
Subros Ltd has a Price-to-Earnings (P/E) ratio of 28.39, which means investors are willing to pay ₹28.39 for every ₹1 of earnings. With an EPS of ₹25.42, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Subros Ltd (SUBROS) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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