Subros Limited (IN:SUBROS)
:SUBROS
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Subros Limited
(SUBROS)
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Rating:60Neutral
Price Target:
₹684.00
▼(-22.93% Downside)
Action:ReiteratedDate:11/12/25
Subros Limited's overall stock score is primarily driven by its strong financial performance, characterized by robust revenue and profit growth, efficient cost management, and a stable financial structure. However, the technical analysis indicates bearish momentum, with the stock trading below key moving averages and showing weak momentum indicators. Additionally, the high P/E ratio suggests potential overvaluation, and the low dividend yield offers limited income potential. These factors collectively result in a moderate overall stock score.
Positive Factors
Strong profitability margins
Subros shows durable operational profitability with improved gross and strong EBIT/EBITDA margins, reflecting efficient cost control and product mix. These margins provide a sustainable earnings base that supports reinvestment in tooling and R&D and cushions earnings over the next several quarters.
Negative Factors
High dependence on OEM volumes
Subros's revenue model is structurally tied to OEM production cycles and platform wins, creating persistent demand cyclicality and concentrated counterparty risk. Over a multi-month horizon this limits revenue visibility and exposes outcomes to OEM program timing and mix shifts.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability margins
Subros shows durable operational profitability with improved gross and strong EBIT/EBITDA margins, reflecting efficient cost control and product mix. These margins provide a sustainable earnings base that supports reinvestment in tooling and R&D and cushions earnings over the next several quarters.
Read all positive factors
Subros Limited (SUBROS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹42.48B
Dividend Yield0.3%
Average Volume (3M)35.60K
Price to Earnings (P/E)40.6
Beta (1Y)1.34
Revenue Growth8.91%
EPS Growth24.72%
CountryIN
Employees3,688
SectorConsumer Defensive
Sector Strength42
IndustryAuto - Parts
Share Statistics
EPS (TTM)6.60
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)24.45
Revenue Forecast (FY)₹37.44B
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 mainly by selling automotive thermal management systems and components to vehicle manufacturers (OEMs). Its core revenue stream is the supply of complete or partial vehicle air-conditioning solutions (including key AC components...
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
Negative
887.50
Price Trends
760.46
Negative
824.27
Negative
888.01
Negative
Market Momentum
-32.20
Negative
37.12
Neutral
51.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SUBROS, the sentiment is Negative. The current price of 887.5 is above the 20-day moving average (MA) of 700.66, above the 50-day MA of 760.46, and below the 200-day MA of 888.01, indicating a bearish trend. The MACD of -32.20 indicates Negative momentum. The RSI at 37.12 is Neutral, neither overbought nor oversold. The STOCH value of 51.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ₹64.08B | 31.66 | ― | 0.32% | 35.16% | 14.52% | |
66 Neutral | ₹64.37B | 34.81 | ― | 0.77% | 24.93% | 20.57% | |
63 Neutral | ₹21.50B | 25.56 | ― | 0.45% | 13.88% | -0.56% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ₹62.27B | 16.39 | ― | 0.60% | 7.29% | 14.72% | |
60 Neutral | ₹42.48B | 40.65 | ― | 0.30% | 8.91% | 24.72% | |
54 Neutral | ₹8.22B | 31.63 | ― | ― | 8.69% | 51.66% |
* Consumer Defensive Sector Average
IN:SUBROS
Subros Limited
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Subros Limited Corporate Events
Subros Board Clears Gujarat Capacity Expansion and DENSO Nominee Director Changes
Jan 30, 2026
Subros Limited’s board has approved unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025 and ratified several board-level changes, including the resignation of DENSO Corporation’...
Subros Releases Investor Presentation on Q3 and Nine-Month FY 2025-26 Results
Jan 30, 2026
Subros Limited has submitted an investor presentation to the stock exchanges detailing its unaudited financial results for the third quarter and nine-month period ended 31 December 2025 for FY 2025-26. The disclosure, made under SEBI’s Listi...
Subros Responds to Exchange After Surge in Trading Volumes
Jan 3, 2026
A sharp rise in trading volumes of Subros Limited shares has prompted the stock exchange to seek clarification from the company to ensure investors have up-to-date and relevant information. The company has submitted its response, a routine step ai...
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.