Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 3:44 am
Author: Getaka|Social: XLinkedIn

Subros Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹549.25Overvalued by 19.46%vs CMP ₹682.00

P/E (26.5) × ROE (14.5%) × BV (₹178.00) × DY (0.38%)

₹446.79Overvalued by 34.49%vs CMP ₹682.00
MoS: -52.6% (Negative)Confidence: 58/100 (Moderate)Models: 1 Under, 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹757.9423%Under (+11.1%)
Graham NumberEarnings₹315.9217%Over (-53.7%)
Earnings PowerEarnings₹122.0911%Over (-82.1%)
DCFCash Flow₹609.0811%Over (-10.7%)
Net Asset ValueAssets₹177.437%Over (-74%)
EV/EBITDAEnterprise₹687.369%Fair (+0.8%)
Earnings YieldEarnings₹249.207%Over (-63.5%)
ROCE CapitalReturns₹126.787%Over (-81.4%)
Revenue MultipleRevenue₹516.066%Over (-24.3%)
Consensus (9 models)₹446.79100%Overvalued
Key Drivers: EPS CAGR 38.0% lifts DCF — verify sustainability. | Wide model spread (₹122–₹758) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 38.0%

*Investments are subject to market risks

Investment Snapshot

70
Subros Ltd scores 70/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health77/100 · Strong
ROCE 20.0% GoodROE 14.5% GoodD/E 0.03 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 36.8% Stable
Earnings Quality65/100 · Strong
OPM expanding (7% → 9%) Improving
Quarterly Momentum68/100 · Strong
Revenue (4Q): +10% YoY GrowingProfit (4Q): +22% YoY Positive
Industry Rank80/100 · Strong
P/E 26.5 vs industry 153.0 Cheaper than peersROCE 20.0% vs industry 11.7% Above peers3Y sales CAGR: 15% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Subros Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 26.5 vs Ind 153.0 | ROCE 20.0% | ROE 14.5% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.03x | IntCov 0.0x | Current 1.07x | Borrow/Reserve 0.02x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹151 Cr | CFO/NP N/A
Ownership Accumulation
-75
Distribution
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.36 pp | DII -0.25 pp | Prom 0.00 pp
Business Momentum
-6
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +7.7% | Q NP -14.6% | Q OPM +1.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-34.5%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.02xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.36 ppLatest FII% minus previous FII%
DII Change-0.25 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change+4,331Latest shareholder count minus previous count
Quarterly Sales Change+7.7%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-14.6%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+1.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:44 am

Market Cap 4,451 Cr.
Current Price 682
Intrinsic Value₹446.79
High / Low 1,214/518
Stock P/E26.5
Book Value 178
Dividend Yield0.38 %
ROCE20.0 %
ROE14.5 %
Face Value 2.00
PEG Ratio0.70

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Subros Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Subros Ltd 4,451 Cr. 682 1,214/51826.5 1780.38 %20.0 %14.5 % 2.00
VRL Logistics Ltd 4,128 Cr. 236 325/22617.3 62.63.18 %15.7 %17.4 % 10.0
D B Realty Ltd 4,966 Cr. 91.6 219/83.090.8 74.70.00 %1.38 %2.54 % 10.0
Websol Energy System Ltd 3,097 Cr. 71.3 160/50.413.5 9.270.00 %59.2 %80.2 % 1.00
Fusion Micro Finance Ltd 2,335 Cr. 145 212/124 1180.00 %2.96 %54.5 % 10.0
Industry Average7,439.67 Cr186.66153.03219.100.31%11.73%22.92%9.00

All Competitor Stocks of Subros Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 655748693813732832810828821908878880948
Expenses 621697646743673755733752745816796811866
Operating Profit 34514770607777767693826881
OPM % 5%7%7%9%8%9%10%9%9%10%9%8%9%
Other Income 8623743656620-2
Interest 2223443233223
Depreciation 28282729283231323234313132
Profit before tax 12262042344547494662555545
Tax % 33%31%32%36%21%32%26%25%28%25%25%25%22%
Net Profit 8181427273035363346414135
EPS in Rs 1.272.802.084.104.124.665.365.585.057.086.266.255.33

Last Updated: February 4, 2026, 1:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 12:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,1671,1921,2981,5351,9132,1241,9931,7962,2392,8063,0713,3683,614
Expenses 1,0351,0551,1461,3671,7031,8961,8041,6422,0892,6382,8153,0453,290
Operating Profit 132137152168210229189154149168255323325
OPM % 11%11%12%11%11%11%9%9%7%6%8%10%9%
Other Income 212-24666211920142030
Interest 3739424841423616117121111
Depreciation 7779878892799092102110117128128
Profit before tax 202026882114124564571141204216
Tax % -5%0%9%-63%26%33%32%16%28%32%31%26%
Net Profit 2120241361768547324898151163
EPS in Rs 3.473.343.992.2010.1011.6913.007.264.987.3514.9623.0824.92
Dividend Payout % 20%21%20%23%11%11%6%10%14%14%12%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-4.76%20.00%-45.83%369.23%24.59%11.84%-44.71%-31.91%50.00%104.17%54.08%
Change in YoY Net Profit Growth (%)0.00%24.76%-65.83%415.06%-344.64%-12.75%-56.55%12.79%81.91%54.17%-50.09%

Subros Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:11%
5 Years:11%
3 Years:15%
TTM:8%
Compounded Profit Growth
10 Years:22%
5 Years:22%
3 Years:65%
TTM:31%
Stock Price CAGR
10 Years:28%
5 Years:29%
3 Years:36%
1 Year:16%
Return on Equity
10 Years:9%
5 Years:9%
3 Years:11%
Last Year:14%

Last Updated: September 5, 2025, 1:36 pm

Balance Sheet

Last Updated: December 10, 2025, 3:28 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 12121212121313131313131313
Reserves 2903053233353926677397828118549431,0811,145
Borrowings 414420390404385244155523319354124
Other Liabilities 214236276373508456482602648657661724818
Total Liabilities 9299731,0011,1251,2971,3801,3881,4491,5051,5431,6511,8592,001
Fixed Assets 484537563497670690765745726723745719753
CWIP 1038854149908666546186807931
Investments 00012215525511671
Other Assets 3423483844775366035556467127098219451,146
Total Assets 9299731,0011,1251,2971,3801,3881,4491,5051,5431,6511,8592,001

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 96141151111315100239154151141166175
Cash from Investing Activity + -109-94-69-75-231-126-93-58-100-145-92-165
Cash from Financing Activity + 14-48-82-35-7217-148-68-534-65-13
Net Cash Flow 1-1-0113-8-328-1-18-3
Free Cash Flow -1347823384-261419245314758
CFO/OP 76%106%103%67%157%54%138%108%107%90%75%72%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-282.00-283.00-238.00-236.00-175.00-15.0034.00102.00116.00149.00220.00282.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 192428313129354237273449
Inventory Days 807873706661618070576056
Days Payable 5049548211296100130107838184
Cash Conversion Cycle 50524719-16-6-4-9-121321
Working Capital Days -24-36-33-47-52-29-23-16-9-6717
ROCE %8%8%9%12%16%19%13%8%7%9%16%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 36.79%36.79%36.79%36.79%36.79%36.79%36.79%36.79%36.79%36.79%36.79%36.79%
FIIs 32.62%32.59%32.74%33.35%32.83%33.22%33.05%32.81%32.80%32.93%33.14%32.78%
DIIs 13.30%12.46%10.96%9.48%9.96%10.40%10.67%10.72%11.18%11.32%11.30%11.05%
Public 17.28%18.15%19.51%20.38%20.42%19.60%19.50%19.68%19.22%18.95%18.79%19.38%
No. of Shareholders 22,38132,36938,40248,33753,98146,56747,76048,93447,84847,45048,42752,758

Shareholding Pattern Chart

No. of Shareholders

Subros Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Multicap Fund 2,430,466 0.81 192.491,667,0292025-12-08 01:57:5945.8%
Canara Robeco Small Cap Fund 1,027,133 0.64 81.351,098,9262025-12-08 01:57:59-6.53%
Nippon India Small Cap Fund 968,256 0.11 76.69985,0002025-12-08 01:57:59-1.7%
UTI Small Cap Fund 805,612 1.4 63.8808,2472025-12-08 01:35:25-0.33%
UTI Transportation and Logistic Fund 609,824 1.19 48.3629,5192026-02-23 02:52:01-3.13%
JM Flexicap Fund 269,709 0.41 21.36269,9312026-01-26 04:09:33-0.08%
JM Aggressive Hybrid Fund 13,463 0.14 1.0760,4432026-02-23 02:52:01-77.73%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 23.0714.967.354.987.26
Diluted EPS (Rs.) 23.0714.967.354.987.26
Cash EPS (Rs.) 42.6932.8124.2320.6321.28
Book Value[Excl.RevalReserv]/Share (Rs.) 167.72146.54132.94126.27121.88
Book Value[Incl.RevalReserv]/Share (Rs.) 167.72146.54132.94126.27121.88
Revenue From Operations / Share (Rs.) 516.22470.69430.18343.16275.26
PBDIT / Share (Rs.) 52.5941.2028.7924.2625.15
PBIT / Share (Rs.) 32.9423.3411.888.5711.03
PBT / Share (Rs.) 31.1821.5510.846.908.54
Net Profit / Share (Rs.) 23.0514.957.334.947.16
NP After MI And SOA / Share (Rs.) 23.0814.967.354.987.26
PBDIT Margin (%) 10.188.756.697.079.13
PBIT Margin (%) 6.384.952.762.494.00
PBT Margin (%) 6.034.572.522.013.10
Net Profit Margin (%) 4.463.171.701.432.60
NP After MI And SOA Margin (%) 4.473.171.701.452.63
Return on Networth / Equity (%) 13.7510.215.523.945.96
Return on Capital Employeed (%) 18.5014.858.396.378.40
Return On Assets (%) 8.095.913.102.153.26
Long Term Debt / Equity (X) 0.000.000.010.010.03
Total Debt / Equity (X) 0.000.000.010.030.03
Asset Turnover Ratio (%) 1.921.921.841.521.27
Current Ratio (X) 1.451.291.101.101.07
Quick Ratio (X) 0.910.680.550.590.59
Inventory Turnover Ratio (X) 8.996.396.525.625.06
Dividend Payout Ratio (NP) (%) 7.806.689.5214.0511.01
Dividend Payout Ratio (CP) (%) 4.213.042.883.383.74
Earning Retention Ratio (%) 92.2093.3290.4885.9588.99
Cash Earning Retention Ratio (%) 95.7996.9697.1296.6296.26
Interest Coverage Ratio (X) 29.8723.0327.7114.5010.10
Interest Coverage Ratio (Post Tax) (X) 14.099.368.053.953.88
Enterprise Value (Cr.) 3577.273237.281882.722044.871917.01
EV / Net Operating Revenue (X) 1.061.050.670.911.07
EV / EBITDA (X) 10.4312.0510.0312.9211.68
MarketCap / Net Operating Revenue (X) 1.091.090.690.951.12
Retention Ratios (%) 92.1993.3190.4785.9488.98
Price / BV (X) 3.343.512.262.602.53
Price / Net Operating Revenue (X) 1.091.090.690.951.12
EarningsYield 0.040.020.020.010.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Subros Ltd. is a Public Limited Listed company incorporated on 14/02/1985 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74899DL1985PLC020134 and registration number is 020134. Currently Company is involved in the business activities of Manufacture of diverse parts and accessories for motor vehecles sucs as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalysers, clutches, steering wheels, steering columns and steering boxes etc.. Company's Total Operating Revenue is Rs. 3367.57 Cr. and Equity Capital is Rs. 13.05 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto Ancl - Equipment OthersLGF, World Trade Centre, Barakhamba Lane, New Delhi Delhi 110001Contact not found
Management
NamePosition Held
Mr. Ramesh SuriChairman Emeritus
Ms. Shradha SuriChairperson & Managing Director
Mr. Hisashi TakeuchiDirector
Dr. Jyotsna SuriDirector
Mr. Tomoaki YoshimoriDirector
Mr. Parmod Kumar DuggalExecutive Director & CEO
Mr. Arvind KapurIndependent Director
Mr. Asoka LavasaIndependent Director
Mrs. Vanaja Narayanan SarnaIndependent Director
Mr. Smita Piyush MankadIndependent Director
Justice Arjan Kumar SikriIndependent Director
Mr. Deepa Gopalan WadhwaIndependent Director
Mr. Yusuke HaraDirector
Mr. Yasuhiro IidaAlternate Director

FAQ

What is the intrinsic value of Subros Ltd and is it undervalued?

As of 05 April 2026, Subros Ltd's intrinsic value is ₹446.79, which is 34.49% lower than the current market price of ₹682.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.5 %), book value (₹178), dividend yield (0.38 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Subros Ltd?

Subros Ltd is trading at ₹682.00 as of 05 April 2026, with a FY2026-2027 high of ₹1,214 and low of ₹518. The stock is currently near its 52-week low. Market cap stands at ₹4,451 Cr..

How does Subros Ltd's P/E ratio compare to its industry?

Subros Ltd has a P/E ratio of 26.5, which is below the industry average of 153.03. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Subros Ltd financially healthy?

Key indicators for Subros Ltd: ROCE of 20.0 % indicates efficient capital utilization. Dividend yield is 0.38 %.

Is Subros Ltd profitable and how is the profit trend?

Subros Ltd reported a net profit of ₹151 Cr in Mar 2025 on revenue of ₹3,368 Cr. Compared to ₹32 Cr in Mar 2022, the net profit shows an improving trend.

Does Subros Ltd pay dividends?

Subros Ltd has a dividend yield of 0.38 % at the current price of ₹682.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Subros Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports