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Subros gains on resuming full supply to Maruti Suzuki India

20 Jun 2016 Evaluate

Subros is currently trading at Rs. 93.20, up by 2.55 points or 2.81% from its previous closing of Rs. 90.65 on the BSE.

The scrip opened at Rs. 92.60 and has touched a high and low of Rs. 94.20 and Rs. 92.60 respectively. So far 7,816 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 118.40 on 28-Dec-2015 and a 52 week low of Rs. 55.00 on 19-Jun-2015.

Last one week high and low of the scrip stood at Rs. 95.50 and Rs. 90.10 respectively. The current market cap of the company is Rs. 559.09 crore.

The promoters holding in the company stood at 40.01%, while Institutions and Non-Institutions held 2.17% and 57.82% respectively.

Subros has reinstated full supplies to its customer Maruti Suzuki India from the company's other plants at Noida, Pune and Chennai. Further, the company is working on fast-track basis to re-build the Manesar facilities so as to commence production in phased manner. Earlier, on May 29, 2016, a fire accident happened at the company’s plant Manesar, which impacted the building, stocks and plant & machinery.

Subros has grown from a capacity of 15,000 AC units in 1985 comprising of largely an assembly operation, into the largest and only integrated manufacturing unit in India for Auto Air Conditioning systems. The company has the capability to manufacture compressors, condensers, heat exchangers and all the connecting elements that are required to complete the AC Loop.


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