About
Subros Limited engages in the manufacture and sale of thermal products for automotive applications in India and internationally. The company offers compressors, HVAC, radiators, condensers, evaporators, heaters, tubes and hoses, bus and rail AC kit, transport and commercial cooling solutions. The company was incorporated in 1985 and is headquartered in New Delhi, India.
Key Metrics
as of Sep 2026Market Cap4,629 Cr
P/E26.90
Div Yield0.42 %
Book Value₹191.00
52w High₹1,214.00
52w Low₹621.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,032.00 | 1,050.00 | 948.00 | 880.00 | 878.00 | 908.00 | 821.00 | 828.00 | 810.00 | 832.00 | 732.00 | 813.00 | 693.00 |
| Expenses | 951.00 | 958.00 | 866.00 | 811.00 | 796.00 | 816.00 | 745.00 | 752.00 | 733.00 | 755.00 | 673.00 | 743.00 | 646.00 |
| Operating Profit | 81.00 | 92.00 | 81.00 | 68.00 | 82.00 | 93.00 | 76.00 | 76.00 | 77.00 | 77.00 | 60.00 | 70.00 | 47.00 |
| OPM % | 8.00 | 9.00 | 9.00 | 8.00 | 9.00 | 10.00 | 9.00 | 9.00 | 10.00 | 9.00 | 8.00 | 9.00 | 7.00 |
| Other Income | 6.00 | 8.00 | -2.00 | 20.00 | 6.00 | 6.00 | 5.00 | 6.00 | 3.00 | 4.00 | 7.00 | 3.00 | 2.00 |
| Depreciation | 29.00 | 31.00 | 32.00 | 31.00 | 31.00 | 34.00 | 32.00 | 32.00 | 31.00 | 32.00 | 28.00 | 29.00 | 27.00 |
| Interest | 3.00 | 2.00 | 3.00 | 2.00 | 2.00 | 3.00 | 3.00 | 2.00 | 3.00 | 4.00 | 4.00 | 3.00 | 2.00 |
| Profit before tax | 56.00 | 66.00 | 45.00 | 55.00 | 55.00 | 62.00 | 46.00 | 49.00 | 47.00 | 45.00 | 34.00 | 42.00 | 20.00 |
| Tax % | 26.00 | 26.00 | 22.00 | 25.00 | 25.00 | 25.00 | 28.00 | 25.00 | 26.00 | 32.00 | 21.00 | 36.00 | 32.00 |
| Net Profit | 42.00 | 49.00 | 35.00 | 41.00 | 41.00 | 46.00 | 33.00 | 36.00 | 35.00 | 30.00 | 27.00 | 27.00 | 14.00 |
| EPS in Rs | 6.36 | 7.56 | 5.33 | 6.25 | 6.26 | 7.08 | 5.05 | 5.58 | 5.36 | 4.66 | 4.12 | 4.10 | 2.08 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,756.00 | 3,368.00 | 3,071.00 | 2,806.00 | 2,239.00 | 1,796.00 | 1,993.00 | 2,124.00 | 1,913.00 | 1,535.00 | 1,298.00 | 1,192.00 |
| Expenses | 3,430.00 | 3,045.00 | 2,815.00 | 2,638.00 | 2,089.00 | 1,642.00 | 1,804.00 | 1,896.00 | 1,703.00 | 1,367.00 | 1,146.00 | 1,055.00 |
| Operating Profit | 325.00 | 323.00 | 255.00 | 168.00 | 149.00 | 154.00 | 189.00 | 229.00 | 210.00 | 168.00 | 152.00 | 137.00 |
| OPM % | 9.00 | 10.00 | 8.00 | 6.00 | 7.00 | 9.00 | 9.00 | 11.00 | 11.00 | 11.00 | 12.00 | 11.00 |
| Other Income | 30.00 | 20.00 | 14.00 | 20.00 | 9.00 | 11.00 | 62.00 | 6.00 | 6.00 | -24.00 | 2.00 | 1.00 |
| Interest | 10.00 | 11.00 | 12.00 | 7.00 | 11.00 | 16.00 | 36.00 | 42.00 | 41.00 | 48.00 | 42.00 | 39.00 |
| Depreciation | 125.00 | 128.00 | 117.00 | 110.00 | 102.00 | 92.00 | 90.00 | 79.00 | 92.00 | 88.00 | 87.00 | 79.00 |
| Profit before tax | 220.00 | 204.00 | 141.00 | 71.00 | 45.00 | 56.00 | 124.00 | 114.00 | 82.00 | 8.00 | 26.00 | 20.00 |
| Tax % | 25.00 | 26.00 | 31.00 | 32.00 | 28.00 | 16.00 | 32.00 | 33.00 | 26.00 | -63.00 | 9.00 | 0.00 |
| Net Profit | 166.00 | 151.00 | 98.00 | 48.00 | 32.00 | 47.00 | 85.00 | 76.00 | 61.00 | 13.00 | 24.00 | 20.00 |
| EPS in Rs | 25.39 | 23.08 | 14.96 | 7.35 | 4.98 | 7.26 | 13.00 | 11.69 | 10.10 | 2.20 | 3.99 | 3.34 |
| Dividend Payout % | 12.00 | 11.00 | 12.00 | 14.00 | 14.00 | 10.00 | 6.00 | 11.00 | 11.00 | 23.00 | 20.00 | 21.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 12.00 | 12.00 | 12.00 | 12.00 |
| Reserves | 1,231.00 | 1,081.00 | 943.00 | 854.00 | 811.00 | 782.00 | 739.00 | 667.00 | 392.00 | 335.00 | 323.00 | 305.00 |
| Borrowings | 75.00 | 41.00 | 35.00 | 19.00 | 33.00 | 52.00 | 155.00 | 244.00 | 385.00 | 404.00 | 390.00 | 420.00 |
| Other Liabilities | 815.00 | 724.00 | 661.00 | 657.00 | 648.00 | 602.00 | 482.00 | 456.00 | 508.00 | 373.00 | 276.00 | 236.00 |
| Total Liabilities | 2,134.00 | 1,859.00 | 1,651.00 | 1,543.00 | 1,505.00 | 1,449.00 | 1,388.00 | 1,380.00 | 1,297.00 | 1,125.00 | 1,001.00 | 973.00 |
| Fixed Assets | 730.00 | 719.00 | 745.00 | 723.00 | 726.00 | 745.00 | 765.00 | 690.00 | 670.00 | 497.00 | 563.00 | 537.00 |
| CWIP | 79.00 | 79.00 | 80.00 | 86.00 | 61.00 | 54.00 | 66.00 | 86.00 | 90.00 | 149.00 | 54.00 | 88.00 |
| Investments | 143.00 | 116.00 | 5.00 | 25.00 | 5.00 | 5.00 | 1.00 | 2.00 | 2.00 | 1.00 | 0.00 | 0.00 |
| Other Assets | 1,182.00 | 945.00 | 821.00 | 709.00 | 712.00 | 646.00 | 555.00 | 603.00 | 536.00 | 477.00 | 384.00 | 348.00 |
| Total Assets | 2,134.00 | 1,859.00 | 1,651.00 | 1,543.00 | 1,505.00 | 1,449.00 | 1,388.00 | 1,380.00 | 1,297.00 | 1,125.00 | 1,001.00 | 973.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 105.00 | 175.00 | 166.00 | 141.00 | 151.00 | 154.00 | 239.00 | 100.00 | 315.00 | 111.00 | 151.00 | 141.00 |
| Cash from Investing Activity | -137.00 | -165.00 | -92.00 | -145.00 | -100.00 | -58.00 | -93.00 | -126.00 | -231.00 | -75.00 | -69.00 | -94.00 |
| Cash from Financing Activity | 7.00 | -13.00 | -65.00 | 4.00 | -53.00 | -68.00 | -148.00 | 17.00 | -72.00 | -35.00 | -82.00 | -48.00 |
| Net Cash Flow | -25.00 | -3.00 | 8.00 | -1.00 | -1.00 | 28.00 | -3.00 | -8.00 | 13.00 | 1.00 | 0.00 | -1.00 |
| Free Cash Flow | -42.00 | 58.00 | 47.00 | 31.00 | 45.00 | 92.00 | 141.00 | -26.00 | 84.00 | 33.00 | 82.00 | 47.00 |
| CFO/OP % | 55.00 | 72.00 | 75.00 | 90.00 | 107.00 | 108.00 | 138.00 | 54.00 | 157.00 | 67.00 | 103.00 | 106.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 56.00 | 49.00 | 34.00 | 27.00 | 37.00 | 42.00 | 35.00 | 29.00 | 31.00 | 31.00 | 28.00 | 24.00 |
| Inventory Days | 60.00 | 56.00 | 60.00 | 57.00 | 70.00 | 80.00 | 61.00 | 61.00 | 66.00 | 70.00 | 73.00 | 78.00 |
| Days Payable | 82.00 | 84.00 | 81.00 | 83.00 | 107.00 | 130.00 | 100.00 | 96.00 | 112.00 | 82.00 | 54.00 | 49.00 |
| Cash Conversion Cycle | 34.00 | 21.00 | 13.00 | 2.00 | -1.00 | -9.00 | -4.00 | -6.00 | -16.00 | 19.00 | 47.00 | 52.00 |
| Working Capital Days | 32.00 | 17.00 | 7.00 | -6.00 | -9.00 | -16.00 | -23.00 | -29.00 | -52.00 | -47.00 | -33.00 | -36.00 |
| ROCE % | 19.00 | 20.00 | 16.00 | 9.00 | 7.00 | 8.00 | 13.00 | 19.00 | 16.00 | 12.00 | 9.00 | 8.00 |
Corporate Actions
25 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 11 Sep 2025 | 11 Sep 2025 | — | 2.60 | |
| Dividend | 11 Sep 2024 | — | — | 1.80 | |
| Dividend | 22 Aug 2023 | — | — | 1.00 | |
| Dividend | 28 Jul 2022 | — | — | 0.70 | |
| Dividend | 06 Sep 2021 | — | — | 0.70 | |
| Dividend | 07 Sep 2020 | — | — | 0.80 | |
| Dividend | 31 Jul 2019 | — | — | 1.30 | |
| Other | 31 Jul 2019 | — | — | — | Dividend Rs - 1.30 Per Share |
| Dividend | 26 Jul 2018 | — | — | 1.10 | |
| Dividend | 07 Sep 2017 | — | — | 0.50 | |
| Dividend | 28 Jul 2016 | — | — | 0.80 | |
| Dividend | 16 Jul 2015 | — | — | 0.70 | |
| Dividend | 17 Jul 2014 | — | — | 0.70 | |
| Dividend | 18 Jul 2013 | — | — | 0.70 | |
| Dividend | 19 Jul 2012 | — | — | 1.10 | |
| Dividend | 08 Sep 2011 | — | — | 0.80 | |
| Dividend | 08 Sep 2010 | — | — | 0.70 | |
| Dividend | 10 Sep 2009 | — | — | 0.50 | |
| Dividend | 04 Sep 2008 | — | — | 0.80 | |
| Split | 20 Nov 2007 | 27 Nov 2007 | 10:2 | — | |
| Dividend | 13 Sep 2007 | — | — | 4.00 | NSE/BSE dividend mismatch: NSE=0.8; BSE=4.0 |
| Dividend | 13 Sep 2007 | — | — | 0.80 | NSE/BSE dividend mismatch: NSE=0.8; BSE=4.0 |
| Dividend | 07 Sep 2006 | — | — | 0.70 | |
| Dividend | 08 Sep 2005 | — | — | 0.60 | |
| Dividend | 30 Aug 2001 | — | — | 1.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update27 Mar from icra
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Rating update17 Feb 2025 from icra
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Rating update31 Jan 2024 from icra
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Rating update31 Jan 2023 from icra
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Rating update24 Jan 2022 from icra
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Rating update26 Feb 2021 from icra