BSE: 517168 | NSE: SUBROS | Auto Ancillary | Small Cap
1. Is Subros Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Subros Ltd is a below average quality company.
2. Is Subros Ltd undervalued or overvalued?
The key valuation ratios of Subros Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is Subros Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Subros Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||6.2%||6.9%||6.5%||7.1%||8.6%||11.4%||12.2%||8.4%||6.5%||4.9%||-|
|Value Creation Index ⓘ||-0.6||-0.5||-0.5||-0.5||-0.4||-0.2||-0.1||-0.4||-0.5||-0.7||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||-7.9%||2.2%||9.2%||17.5%||24.6%||11.1%||-6.2%||-9.9%||24.7%||-|
|Adj EPS ⓘ||2.3||3.5||3.4||3.8||5||9.8||11.6||7.9||6.9||5.2||7.1|
|YoY Gr. Rt. %||-||50.7%||-2%||13.3%||30.3%||97%||17.5%||-32%||-12.6%||-24.3%||-|
|BVPS (₹) ⓘ||47.8||50.3||52.9||55.9||58||67.5||104.3||115.3||121.8||126.2||130.1|
|Adj Net Profit ⓘ||13.7||20.7||20.3||23||29.9||59||75.4||51.3||44.8||33.9||46|
|Cash Flow from Ops. ⓘ||177||95.3||143||149||111||316||100||239||155||151||-|
|Debt/CF from Ops. ⓘ||2||4.3||2.9||2.6||3.7||1.2||2.4||0.6||0.3||0.2||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||9.5%||0.8%||-23.4%||-24.3%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||4.9||7||6.6||7.1||8.8||15.7||13.9||7.2||5.8||4.2||5.6|
|Op. Profit Mgn % ⓘ||9.6||11.3||11.4||11.7||10.9||11||10.8||9.7||8.6||6.7||6|
|Net Profit Mgn % ⓘ||1.1||1.8||1.7||1.8||2||3.1||3.6||2.6||2.5||1.5||1.7|
|Debt to Equity ⓘ||1.2||1.4||1.3||1.2||1.2||1||0.4||0.2||0.1||0||-|
|Working Cap Days ⓘ||85||89||91||88||89||94||95||102||117||106||0|
|Cash Conv. Cycle ⓘ||19||23||31||29||17||1||-5||0||2||3||0|
Sales growth is good in last 4 quarters at 25.37%
Return on Equity has declined versus last 3 years average to 5.50%
Sales growth has been subdued in last 3 years 1.76%
Net Profit has been subdued in last 3 years -23.36%
|TTM EPS (₹)||7.1||7.1|
|TTM Sales (₹ Cr.)||2,739||2,739|
|BVPS (₹.) ⓘ||130.1||130.1|
|Reserves (₹ Cr.) ⓘ||835||836|
|From the Market|
|52 Week Low / High (₹)||269.15 / 410.00|
|All Time Low / High (₹)||1.38 / 442.00|
|Market Cap (₹ Cr.)||1,955|
|Equity (₹ Cr.)||13.1|
|Face Value (₹)||2|
|Industry PE ⓘ||31.6|
Subros was established in 1985 as a joint venture between the Suri Brothers, Denso Corporation, Japan and Suzuki Motor Corporation, Japan.
The company 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.
Subros has three plants in Noida, one in Manesar and one in Pune. It also has a R&D centre and Tool room in Noida. The manufacturing capacity has grown to a level of 7,50,000 AC units per annum and there is a plan to go to a level of 1,000,000 per annum by 2008.
Subros has production facility in Noida, Manesar and Noida plant produces state-of-the-art, Brazed Multi Flow (MF) Condensors, Serpentine (SP) Condensors and SP Evaporators. The facilities also include injection moulding shop for manufacture of final assemblies and cooling units.
In 2010 The Company and Denso Corporation Japan agreed to form a Joint Venture Company in India for designing automobile air conditioning systems and other devices.
2011-12 Inauguration of Chennai Plant.
2012-13 Subros Launched Transport Refrigeration Systems
Product range of the company includes:
Subros products are known for their reliability, energy efficiency and low noise levels, making them the OE customerâ€™s preferred choice. The company manufactures new generation energy efficient swash plate compressors from 83cc ~ 138cc to meet all the customer needs in India. HVACs, Condersors and pipings are designed to suit vehicle configurations.