Subros Limited (IN:SUBROS)
:SUBROS
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Subros Limited
(SUBROS)
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Rating:63Neutral
Price Target:
₹825.00
▼(-7.04% Downside)
Action:ReiteratedDate:04/01/26
The score is supported primarily by strong financial performance (profitability improvements, low leverage, and solid cash generation), but is meaningfully constrained by weak technicals (price below key moving averages with negative MACD) and a high P/E with a low dividend yield.
Positive Factors
Balance-sheet strength
Extremely low leverage and a strong equity base give Subros durable financial flexibility. Low D/E reduces refinancing and interest burden risk, supports funding of capex and localization needs for OEM programs, and helps the company absorb automotive cyclicality without sacrificing strategic investment.
Negative Factors
OEM cyclicality exposure
Subros's revenue mix is structurally linked to OEM production, model mix and supply nominations. As a supplier to automakers, the company faces durable demand cyclicality: production cuts, platform deferrals or loss of a model win can materially depress volumes and revenue for multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
Extremely low leverage and a strong equity base give Subros durable financial flexibility. Low D/E reduces refinancing and interest burden risk, supports funding of capex and localization needs for OEM programs, and helps the company absorb automotive cyclicality without sacrificing strategic investment.
Read all positive factors
Subros Limited (SUBROS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹51.09B
Dividend Yield0.3%
Average Volume (3M)35.60K
Price to Earnings (P/E)40.6
Beta (1Y)1.39
Revenue Growth9.83%
EPS Growth20.47%
CountryIN
Employees3,688
SectorConsumer Defensive
Sector Strength42
IndustryAuto - Parts
Share Statistics
EPS (TTM)24.63
Shares Outstanding65,235,750
10 Day Avg. Volume23,641
30 Day Avg. Volume35,600
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)3.41
Price to Sales (P/S)1.11
P/FCF Ratio65.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)32.03
Revenue Forecast (FY)₹42.49B
Subros Limited Business Overview & Revenue Model
Company Description
Subros Limited engages in the manufacture and sale of thermal products for automotive applications in India. The company offers compressors; automotive condensers; heating, ventilating, and air conditioning (AC) systems, such as heaters, evaporato...
How the Company Makes Money
Subros makes money primarily by manufacturing and selling automotive air-conditioning and thermal-management products to vehicle manufacturers (OEMs). Revenue is largely generated from: (1) OEM supply of complete air-conditioning/thermal systems a...
Subros Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 34.88B | 33.57B | 30.61B | 28.06B | 22.35B | 17.93B |
| Gross Profit | 9.63B | 9.56B | 2.71B | 6.56B | 5.06B | 4.48B |
| EBITDA | 3.39B | 3.43B | 2.66B | 1.85B | 1.55B | 1.61B |
| Net Income | 1.61B | 1.51B | 976.19M | 479.20M | 324.92M | 473.91M |
Balance Sheet | ||||||
| Total Assets | 20.01B | 18.59B | 16.51B | 15.43B | 15.05B | 14.49B |
| Cash, Cash Equivalents and Short-Term Investments | 1.75B | 1.62B | 1.22B | 1.08B | 1.18B | 1.19B |
| Total Debt | 805.60M | 409.30M | 345.77M | 814.20M | 683.78M | 1.06B |
| Total Liabilities | 8.42B | 7.64B | 6.95B | 6.76B | 6.81B | 6.54B |
| Stockholders Equity | 11.58B | 10.94B | 9.56B | 8.67B | 8.24B | 7.95B |
Cash Flow | ||||||
| Free Cash Flow | -587.70M | 569.00M | 452.80M | 82.90M | 448.51M | 1.45B |
| Operating Cash Flow | -110.00M | 1.75B | 1.65B | 1.41B | 1.51B | 2.08B |
| Investing Cash Flow | -259.40M | -1.65B | -914.78M | -1.45B | -996.47M | -583.65M |
| Financing Cash Flow | 182.90M | -130.80M | -650.29M | 37.00M | -526.35M | -1.07B |
Subros Limited Technical Analysis
Positive
887.50
Price Trends
743.44
Positive
794.78
Negative
878.19
Negative
Market Momentum
11.69
Negative
64.74
Neutral
94.48
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SUBROS, the sentiment is Positive. The current price of 887.5 is above the 20-day moving average (MA) of 702.24, above the 50-day MA of 743.44, and above the 200-day MA of 878.19, indicating a neutral trend. The MACD of 11.69 indicates Negative momentum. The RSI at 64.74 is Neutral, neither overbought nor oversold. The STOCH value of 94.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SUBROS.
Subros Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹71.42B | 31.66 | ― | 0.32% | 48.04% | 22.43% | |
66 Neutral | ₹72.23B | 34.81 | ― | 0.77% | 18.91% | 9.96% | |
65 Neutral | ₹13.03B | 31.63 | ― | ― | 43.14% | 99.20% | |
63 Neutral | ₹51.09B | 40.65 | ― | 0.30% | 9.83% | 20.47% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ₹70.18B | 16.39 | ― | 0.60% | 10.81% | 24.98% | |
56 Neutral | ₹26.55B | 16.34 | ― | 0.45% | 13.22% | 159.73% |
* Consumer Defensive Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.