What is Subros Ltd (SUBROS) share price return in the past 10 years?

Subros Ltd share price has appreciated 22.9% annually (CAGR) over the past ten years.

What is the share price of Subros Ltd (SUBROS)?

Company share prices are keep on changing according to the market conditions. The current trading price of Subros Ltd (SUBROS) on 04-Jun-2026 16:59:59 at 16:59 is 725.80.

What is the P/E ratio of Subros?

The latest standalone P/E ratio of Subros as of 04-Jun-2026 is 28.56.

What is the P/B ratio of Subros Ltd (SUBROS)?

The latest standalone P/B ratio of Subros Ltd (SUBROS) as of 04-Jun-2026 is 3.81.

What is the 52-week high and low of Subros Ltd (SUBROS)?

The 52-week high of Subros Ltd (SUBROS) is Rs. 1212.40 and the 52-week low is Rs. 621.30.

Subros Ltd (SUBROS) Share Analysis – Cycle Position, Quality & Valuation Zone & DeciZen Rating

Name: Subros Ltd (SUBROS)
Brand: Subros

Key Metrics

Valuation Multiples

Market Cap

₹4,735 Cr.

Current Price

₹725.8

52-Week Low / High

₹621 / 1,212

TTM EPS

₹25.4

TTM Sales

₹3,756 Cr.

Book Value per Share

₹190.7

P/E Ratio

28.56

Lower than its 5-year historical median

Industry PE

42.9

Price to Book (P/B)

3.81

Higher than its 5-year historical median

Price to Sales (P/S)

1.26

Higher than its 5-year historical median

EV/EBITDA

13.02

In line with its 5-year historical median

Dividend Yield

0.46%

Profitability Efficiency

Return on Equity (ROE)

14.68%

Outperforms industry median

Return on Capital Employed (ROCE)

20.28%

Outperforms industry median

Return on Assets (ROA)

7.87%

Operating Profit Margin

9.6%

Net Profit Margin

4.47%

Gross Profit Margin

9.8%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

9.67%

Operating Profit Growth (1 Year)

Slowing versus 3-year growth rate

27.78%

Net Profit Growth (1 Year)

Slowing versus 3-year growth rate

54.01%

Asset Quality

Promoter Holding

36.79%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹1,231 Cr.

Equity

₹13.1 Cr.

Face Value

₹2

All Time Low / High

₹1.38 / 1212.40

Subros stock performance

Key Ratios

Check Before You Invest

Quality

Somewhat Good

Check detailed performance

Valuation

Somewhat Overvalued

Check Valuation charts

Price Trend

Semi Strong

Check Price chart

Q.1 Is Subros Ltd a good quality company?

Subros Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Subros Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Subros Ltd vs industry peers?

Subros Ltd revenue CAGR is 11.06%, compared to the industry median CAGR of 11.89%, indicating slower growth and losing its market share.

Q.1 Promoter shareholding and pledge status of Subros Ltd?

Promoters hold 36.79% of the Subros Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Subros Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 21.5% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	9.3%	7.6%	16%	18.2%	17.6%	8.1%	6.3%	8.5%	15.8%	20.3%	-
Value Creation Index ⓘ	-0.3	-0.5	0.2	0.3	0.3	-0.4	-0.6	-0.4	0.1	0.5	-
Growth Parameters ⓘ
Sales ⓘ	1,307	1,535	1,913	2,124	1,993	1,796	2,239	2,806	3,071	3,368	3,756
Sales YoY Gr.	-	17.5%	24.6%	11.1%	-6.2%	-9.9%	24.7%	25.4%	9.4%	9.7%	-
Adj EPS ⓘ	3.8	5	9.7	11.6	7.9	6.9	5	6	14.7	22.6	25.4
YoY Gr.	-	30.3%	94.4%	19.1%	-32%	-12.6%	-27.7%	20.7%	144.7%	53.8%	-
BVPS (₹) ⓘ	55.9	58	67.5	104.3	115.3	121.8	126.2	132.9	146.5	167.7	190.7
Adj Net Profit ⓘ	23	29.9	58.2	75.4	51.3	44.8	32.4	39.2	95.8	147	166
Cash Flow from Ops. ⓘ	149	111	316	100	239	155	151	141	165	175	-
Debt/CF from Ops. ⓘ	2.6	3.7	1.2	2.4	0.6	0.6	0.4	0.5	0.2	0.2	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	11.1%	11.1%	14.6%	9.7%
Adj EPS ⓘ	21.8%	23.5%	65.6%	53.8%
BVPSⓘ	13%	7.8%	9.9%	14.5%
Share Price	22.9%	16.5%	29.4%	-2.6%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	7.1	8.8	15.5	13.9	7.2	5.8	4	4.6	10.5	14.4	14.2
Op. Profit Mgn % ⓘ	11.7	10.9	11	10.8	9.7	8.6	6.7	6	8.3	9.6	8.6
Net Profit Mgn % ⓘ	1.8	2	3	3.6	2.6	2.5	1.5	1.4	3.1	4.4	4.4
Debt to Equity ⓘ	1.2	1.2	1	0.4	0.2	0.1	0.1	0.1	0	0	0
Working Cap Days ⓘ	88	89	94	95	102	117	106	92	92	102	56
Cash Conv. Cycle ⓘ	29	17	1	-5	0	2	3	5	9	18	21

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	1,307	1,535	1,913	2,124	1,993	1,796	2,239	2,806	3,071	3,368
Operating Expenses ⓘ +	1,155	1,367	1,703	1,896	1,804	1,651	2,090	2,639	2,818	3,045
Manufacturing Costs	77	95	114	121	109	103	126	156	170	190
Material Costs	883	1,067	1,335	1,484	1,408	1,290	1,661	2,150	2,267	2,432
Employee Cost	126	154	188	206	207	188	227	248	284	322
Other Costs ⓘ	68	51	66	85	79	70	76	85	97	101
Operating Profit ⓘ	152	168	210	228	189	144	149	168	252	322
Operating Profit Margin (%)	11.6%	10.9%	11.0%	10.7%	9.5%	8.0%	6.6%	6.0%	8.2%	9.6%
Other Income ⓘ +	2	7	7	10	20	20	10	21	17	21
Exceptional Items ⓘ	0	-31	-2	-3	41	0	0	0	0	0
Interest ⓘ	42	48	41	42	36	16	11	7	12	11
Depreciation ⓘ	86	88	92	79	90	92	102	110	117	128
Profit Before Tax ⓘ	26	8	82	114	124	56	45	71	141	203
Tax ⓘ	2	-5	22	38	39	9	13	23	43	53
Profit After Tax	24	13	61	76	85	47	33	48	98	150
PAT Margin (%)	1.8%	0.9%	3.2%	3.6%	4.2%	2.6%	1.5%	1.7%	3.2%	4.5%
Adjusted EPS (₹)	4.0	2.2	10.1	11.7	13.0	7.2	5.0	7.4	15.0	23.1
Dividend Payout Ratio (%)	20%	22.50%	10.90%	11.10%	6.20%	9.80%	14%	13.60%	12%	11.30%

Valuation of Subros - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	335	348	405	680	752	795	823	867	956	1,094
Share Capital ⓘ	12	12	12	13	13	13	13	13	13	13
Reserves ⓘ	323	336	393	667	739	782	810	854	943	1,081
Debt +	297	327	315	188	113	79	49	67	30	40
Long Term Debt	189	157	153	57	23	25	13	5	0	0
Short Term Debt	108	170	163	130	90	54	35	63	30	40
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	129	240	410	390	385	461	489	489	504	560
Others Liabilities ⓘ	239	217	191	182	218	203	241	226	284	356
Total Liabilities ⓘ	1,001	1,131	1,321	1,440	1,468	1,538	1,601	1,650	1,774	2,050
Fixed Assets
Net Fixed Assets ⓘ +	563	497	670	690	765	745	726	723	745	719
Gross Block	1,208	585	847	934	1,096	1,159	1,230	1,326	1,450	1,531
Accumulated Depreciation	645	88	177	244	331	414	504	602	705	812
CWIP ⓘ	54	149	90	86	66	54	61	86	80	79
Investments ⓘ	3	3	3	2	2	5	5	25	5	116
Inventories	177	205	240	249	234	281	318	339	375	374
Trade Receivables	99	130	161	167	189	204	226	208	283	451
Cash Equivalents	7	4	20	90	91	119	119	88	122	77
Others Assets ⓘ	99	143	138	155	121	130	147	181	163	235
Total Assets ⓘ	1,001	1,131	1,321	1,440	1,468	1,538	1,601	1,650	1,774	2,050

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	149	111	316	100	239	154	151	141	165	175
PBT ⓘ	26	8	82	114	124	56	45	71	141	203
Adjustment ⓘ	128	124	140	109	116	106	110	110	119	124
Changes in Working Capital ⓘ	0	-19	107	-99	21	4	4	-30	-68	-97
Tax Paid ⓘ	-6	-2	-14	-24	-22	-12	-9	-10	-26	-57
Cash Flow From Investing Activity ⓘ +	-68	-75	-231	-126	-93	-58	-100	-145	-92	-165
Capex	-68	-78	-231	-127	-98	-62	-106	-132	-119	-116
Net Investments	0	0	0	0	0	-3	0	-19	22	-64
Others ⓘ	0	3	1	1	5	7	6	5	5	16
Cash Flow From Financing Activity ⓘ +	-82	-35	-72	17	-148	-68	-53	4	-65	-13
Net Proceeds from Shares ⓘ	0	0	0	209	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-19	-46	-12	-112	-60	-11	-17	-12	-13	0
Interest Paid ⓘ	-47	-47	-48	-40	-37	-14	-11	-7	-12	-11
Dividend Paid ⓘ	-5	-5	-3	-7	-8	-5	-5	-5	-7	-12
Others ⓘ	-11	64	-9	-34	-43	-37	-20	27	-33	10
Net Cash Flow ⓘ	-0	1	13	-8	-2	28	-1	-1	8	-3

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	7.36	3.9	16.11	14.03	11.81	6.04	4.03	5.69	10.71	14.68
ROCE (%)	9.32	7.59	16.03	18.22	17.57	8.05	6.34	8.52	15.8	20.28
Asset Turnover Ratio	1.5	1.63	1.61	1.54	1.37	1.2	1.43	1.74	1.8	1.76
PAT to CFO Conversion(x)	6.21	8.54	5.18	1.32	2.81	3.28	4.58	2.94	1.68	1.17
Working Capital Days
Receivable Days	21.70	24	27	28.20	32.70	39.80	34.90	28.10	29.10	39.80
Inventory Days	43.10	40	41.20	42	44.30	52.10	48.60	42.40	42.30	40.60
Payable Days	49.50	63.20	88.80	98.40	100.50	119.70	104.30	83	79.90	79.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Subros Ltd FAQs

The current trading price of Subros on 04-Jun-2026 16:59 is ₹725.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Subros stood at ₹4,734.8 Cr

The latest P/E ratio of Subros as of 03-Jun-2026 is 28.56.

The latest P/B ratio of Subros as of 03-Jun-2026 is 3.81.

The 52-week high of Subros is ₹1,212.4 and the 52-week low is ₹621.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Subros is ₹3,756 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Subros Ltd is a average quality company.

The key valuation ratios of Subros Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

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.

About Subros Ltd

Subros, established in 1985 as a joint venture with Denso Corporation and Suzuki Motor Corporation, is recognised as a leading Thermal solution company in India, delivering cutting-edge solutions in all types of mobility. With decades of expertise, the company specializes in designing and manufacturing a wide range of thermal products, including reciprocating compressors, condensers, Engine Cooling modules, heat exchangers, and the components essential for complete AC systems.

The company’s solutions cater to diverse industries, from passenger vehicles, buses, and trucks to refrigerated transport, off-road vehicles, railways, tractors and residential air conditioning. With state-of-the-art manufacturing units strategically located around the country, supported by fully equipped R&D and application engineering centres in Noida, Subros ensures unmatched quality and innovation in its offerings.

Business area of the company

Subros is engaged primarily in the business of manufacturing and sale of thermal products for automotive and home air-conditioning original equipment manufacturers.

Products

Compressors
HVAC
Radiators
Condensers
Evaporators
Heaters
Tubes & Hoses
Bus AC Kit
Rail AC Kit
Transport Refrigeration System
Residential & Commercial Cooling Solution

Mobility Solutions by Segments

Passenger Vehicle
Bus Application
Rail Application
Transport Refrigeration System
Off Highway Application
Residential & Commercial Cooling Solution
Truck Application

Certifications

Quality Management System: These certifications demonstrate that Subros' quality management system meets the requirements of IATF-16949
EHS & OHSAS Certifications: ISO 14001:2015 focuses on establishing, implementing, maintaining, and continually improving an Environmental Management System (EMS).
ERM Certification: The company has established and implemented a robust Enterprise Risk Management (ERM) framework

Awards & Recognitions

2022-23

Award by Maruti Suzuki in recognition of Overall Excellence
Award by Maruti Suzuki in recognition of Inner Part Localization
Award by Maruti Suzuki in recognition of Localization of Design and Development (D&D) Capability
Award by Maruti Suzuki in recognition of OEM Project Support
CII Awards: Inter-industry Kaizen Competition - Winner of the year 2023 'Par Excellence Team' category
CII Awards: Inter-industry Kaizen Competition - Winner in 'HR Manpower Saving' category
CII Awards: Inter-industry Kaizen Competition - 1st runner-up in 'CRM/Customer Satisfaction' category
CII Awards: Poka Yoke Competition - Platinum and Silver awards in Alarm Category; Silver Award in Shutdown category
Golden Peacock award in GPNQA
International Quality circle award from IQMA
Supplier Quality Circle Award by Tata Motors

2023-24

Award by Maruti Suzuki in recognition of Overall Performance
Award by Maruti Suzuki in recognition of Localization of Design & Development
ACMA Award in Manufacturing and Safety
ACMA Quality Improvement Award
ACMA Atmanirbhar Excellence Awards - 2023-24
CII Award in challenger, Low cost Optimization & 3M Competition
CII - Kaizen and Poka Yoke Competition Award in Kaizen and Poka Yoke & Kaizen
Indian Society of Quality Award in ISQ Tops Convention
Patent granted by GOI in FY 2023-24 for Innovation and Teamwork

2024-25

Golden Peacock Award in health & Safety & HR Excellence Award in Gender & Diversity.
QCFI Award in Quality Circle Competition
ACMA Award in Quality Circle Competition & HR Best Practice
ACMA Award in Kaizen, Quality Circle & Productivity Competition
ACMA Award in Best Presentation in Gender Diversity
CII Award in Technology, Kaizen, Work Skill, Quality Circle, Low Cost
CII Award in Robotic Process Competition
CII Award in Quality, Kaizen Improvement, Cost Reduction & Supervisory Skill
Golden Award in QCFI Competition
QCFI Poster Competition Award in Safety
SMG Award in Quality Circle Competition
Award by Maruti Suzuki for Internal Parts Localization
Award by Maruti Suzuki for Yield Performance
Award by Maruti Suzuki for Spare parts Excellence
Award by Maruti Suzuki for Overall Group Excellence

Milestones

1985: Established the company
1987: Setup of Noida Plant-1
1995: Setup of Noida Plant-2
2000: Setup of Pressure Die Casting Plant at Noida
2001: MF Condenser Plant
2006: Setup of Manesar Plant
2007: Setup of Pune Plant
2010: 1 million AC kits production achieved
2010: Setup of Denso Subros Engineering Centre
2012: Capacity 1.5 million AC kits achieved
2012: Setup of Chennai Plant
2013: Launch of Transport Refrigeration System & Rail AC System
2014: Inauguration of STEC (Subros Tool Engineering Centre)
2015: 10 million HVAC production completed
2015: Radiator entrustment production started
2015: Setup of Chennai Plant
2015: Launch of Home AC Condensor
2019: Setup of Karsanpura Plant
2020: Introduction of Vane Rotary Compressor
2022: Start of Heat Exchanger production at Karsanpura Plant
2022: Launch of new Compressor
2023: Launch of Coach AC
2024: Coach AC for LHB train
2024: E-bus integrated HVAC +BTMS for H2 fuel cell bus
2024: Compact Non serviceable Condenser
2024: Tractor radiators with extended ranges
2024: Inverter AC
2024: Low permeability hoses

Subros Ltd (SUBROS)

Subros Ltd (SUBROS)

Subros stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Subros - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Subros Ltd FAQs

About Subros Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

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Subros Ltd (SUBROS)

Subros Ltd (SUBROS)

Subros stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Subros - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Subros Ltd FAQs

What is the share price of Subros?

What is the market cap of Subros?

What is the P/E ratio of Subros?

What is the P/B ratio of Subros?

What is the 52-week high and low of Subros?

What is the TTM revenue of Subros?

Is Subros Ltd a good quality company?

Is Subros Ltd undervalued or overvalued?

Is Subros Ltd a good buy now?

About Subros Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.