Subros Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 8, 2025, 10:45 am

Market Cap	3,797 Cr.
Current Price	582
High / Low	827/483
Stock P/E	28.2
Book Value	156
Dividend Yield	0.31 %
ROCE	16.3 %
ROE	10.6 %
Face Value	2.00
PEG Ratio	1.21

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Subros Ltd

Competitors of Subros Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Gujarat Metallic Coal & Coke Ltd	5.94 Cr.	30.0	/		77.6	0.00 %	0.37 %	2.00 %	100
Gensol Engineering Ltd	1,107 Cr.	291	1,126/290	12.8	155	0.00 %	14.3 %	20.1 %	10.0
Gagan Polycot India Ltd	0.86 Cr.	0.86	/		4.08	0.00 %	81.2 %	81.2 %	10.0
Fusion Micro Finance Ltd	1,516 Cr.	150	544/140		251	0.00 %	14.1 %	19.6 %	10.0
Five X Tradecom Ltd	0.99 Cr.	0.48	/		9.35	0.00 %	0.00 %	0.00 %	10.0
Industry Average	5,442.36 Cr	202.43		227.27	107.92	0.30%	21.47%	71.79%	9.42

All Competitor Stocks of Subros Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	548	681	709	695	655	748	693	813	732	832	810	828	821
Expenses	508	634	665	655	621	697	646	743	673	755	733	752	745
Operating Profit	40	47	43	40	34	51	47	70	60	77	77	76	76
OPM %	7%	7%	6%	6%	5%	7%	7%	9%	8%	9%	10%	9%	9%
Other Income	0	2	2	4	8	6	2	3	7	4	3	6	5
Interest	2	2	1	2	2	2	2	3	4	4	3	2	3
Depreciation	26	27	27	28	28	28	27	29	28	32	31	32	32
Profit before tax	12	21	18	15	12	26	20	42	34	45	47	49	46
Tax %	35%	20%	34%	33%	33%	31%	32%	36%	21%	32%	26%	25%	28%
Net Profit	8	17	12	10	8	18	14	27	27	30	35	36	33
EPS in Rs	1.16	2.55	1.79	1.49	1.27	2.80	2.08	4.10	4.12	4.66	5.36	5.58	5.05

Last Updated: February 28, 2025, 4:55 pm

Below is a detailed analysis of the quarterly data for Subros Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹821.00 Cr.. The value appears to be declining and may need further review. It has decreased from 828.00 Cr. (Sep 2024) to ₹821.00 Cr., marking a decrease of 7.00 Cr..
For Expenses, as of Dec 2024, the value is ₹745.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 752.00 Cr. (Sep 2024) to ₹745.00 Cr., marking a decrease of 7.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹76.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 76.00 Cr..
For OPM %, as of Dec 2024, the value is 9.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 9.00%.
For Other Income, as of Dec 2024, the value is ₹5.00 Cr.. The value appears to be declining and may need further review. It has decreased from 6.00 Cr. (Sep 2024) to ₹5.00 Cr., marking a decrease of 1.00 Cr..
For Interest, as of Dec 2024, the value is ₹3.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2.00 Cr. (Sep 2024) to ₹3.00 Cr., marking an increase of ₹1.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹32.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 32.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹46.00 Cr.. The value appears to be declining and may need further review. It has decreased from 49.00 Cr. (Sep 2024) to ₹46.00 Cr., marking a decrease of 3.00 Cr..
For Tax %, as of Dec 2024, the value is 28.00%. The value appears to be increasing, which may not be favorable. It has increased from 25.00% (Sep 2024) to 28.00%, marking an increase of 3.00%.
For Net Profit, as of Dec 2024, the value is ₹33.00 Cr.. The value appears to be declining and may need further review. It has decreased from 36.00 Cr. (Sep 2024) to ₹33.00 Cr., marking a decrease of 3.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 5.05. The value appears to be declining and may need further review. It has decreased from ₹5.58 (Sep 2024) to 5.05, marking a decrease of ₹0.53.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 2:45 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,267	1,167	1,192	1,298	1,535	1,913	2,124	1,993	1,796	2,239	2,806	3,071	3,291
Expenses	1,145	1,035	1,055	1,146	1,367	1,703	1,896	1,804	1,642	2,089	2,638	2,815	2,984
Operating Profit	122	132	137	152	168	210	229	189	154	149	168	255	306
OPM %	10%	11%	11%	12%	11%	11%	11%	9%	9%	7%	6%	8%	9%
Other Income	11	2	1	2	-24	6	6	62	11	9	20	14	18
Interest	36	37	39	42	48	41	42	36	16	11	7	12	12
Depreciation	73	77	79	87	88	92	79	90	92	102	110	117	126
Profit before tax	24	20	20	26	8	82	114	124	56	45	71	141	187
Tax %	17%	-5%	0%	9%	-63%	26%	33%	32%	16%	28%	32%	31%
Net Profit	20	21	20	24	13	61	76	85	47	32	48	98	135
EPS in Rs	3.38	3.47	3.34	3.99	2.20	10.10	11.69	13.00	7.26	4.98	7.35	14.96	20.65
Dividend Payout %	21%	20%	21%	20%	23%	11%	11%	6%	10%	14%	14%	12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	5.00%	-4.76%	20.00%	-45.83%	369.23%	24.59%	11.84%	-44.71%	-31.91%	50.00%	104.17%
Change in YoY Net Profit Growth (%)	0.00%	-9.76%	24.76%	-65.83%	415.06%	-344.64%	-12.75%	-56.55%	12.79%	81.91%	54.17%

Subros Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: November 14, 2024, 7:35 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	12	12	12	12	12	12	13	13	13	13	13	13	13
Reserves	274	290	305	323	335	392	667	739	782	811	854	943	1,002
Borrowings	350	414	420	390	404	385	244	155	52	33	19	5	16
Other Liabilities	245	214	236	276	373	508	456	482	602	648	657	690	753
Total Liabilities	881	929	973	1,001	1,125	1,297	1,380	1,388	1,449	1,505	1,543	1,651	1,784
Fixed Assets	446	484	537	563	497	670	690	765	745	726	723	745	769
CWIP	107	103	88	54	149	90	86	66	54	61	86	80	37
Investments	0	0	0	0	1	2	2	1	5	5	25	5	30
Other Assets	328	342	348	384	477	536	603	555	646	712	709	821	948
Total Assets	881	929	973	1,001	1,125	1,297	1,380	1,388	1,449	1,505	1,543	1,651	1,784

Below is a detailed analysis of the balance sheet data for Subros Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹13.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹13.00 Cr..
For Reserves, as of Sep 2024, the value is ₹1,002.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹943.00 Cr. (Mar 2024) to ₹1,002.00 Cr., marking an increase of 59.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹16.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from ₹5.00 Cr. (Mar 2024) to ₹16.00 Cr., marking an increase of 11.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹753.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹690.00 Cr. (Mar 2024) to ₹753.00 Cr., marking an increase of 63.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹1,784.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹1,651.00 Cr. (Mar 2024) to ₹1,784.00 Cr., marking an increase of 133.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹769.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹745.00 Cr. (Mar 2024) to ₹769.00 Cr., marking an increase of 24.00 Cr..
For CWIP, as of Sep 2024, the value is ₹37.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹80.00 Cr. (Mar 2024) to ₹37.00 Cr., marking a decrease of 43.00 Cr..
For Investments, as of Sep 2024, the value is ₹30.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹5.00 Cr. (Mar 2024) to ₹30.00 Cr., marking an increase of 25.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹948.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹821.00 Cr. (Mar 2024) to ₹948.00 Cr., marking an increase of 127.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹1,784.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹1,651.00 Cr. (Mar 2024) to ₹1,784.00 Cr., marking an increase of 133.00 Cr..

Notably, the Reserves (₹1,002.00 Cr.) exceed the Borrowings (16.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	177	96	141	151	111	315	100	239	154	151	141	165
Cash from Investing Activity +	-135	-109	-94	-69	-75	-231	-126	-93	-58	-100	-145	-91
Cash from Financing Activity +	-42	14	-48	-82	-35	-72	17	-148	-68	-53	4	-65
Net Cash Flow	-0	1	-1	-0	1	13	-8	-3	28	-1	-1	8

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-228.00	-282.00	-283.00	-238.00	-236.00	-175.00	-15.00	34.00	102.00	116.00	149.00	250.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	13	19	24	28	31	31	29	35	42	37	27	34
Inventory Days	77	80	78	73	70	66	61	61	80	70	57	60
Days Payable	57	50	49	54	82	112	96	100	130	107	83	81
Cash Conversion Cycle	33	50	52	47	19	-16	-6	-4	-9	-1	2	13
Working Capital Days	1	5	0	-2	-7	-21	-7	-7	-12	-7	-4	7
ROCE %	10%	8%	8%	9%	12%	16%	19%	13%	8%	7%	9%	16%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
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	0.70%	0.72%	0.73%	0.62%	32.62%	32.59%	32.74%	33.35%	32.83%	33.22%	33.05%	32.81%
DIIs	12.40%	12.76%	13.00%	13.15%	13.30%	12.46%	10.96%	9.48%	9.96%	10.40%	10.67%	10.72%
Public	50.11%	49.73%	49.48%	49.43%	17.28%	18.15%	19.51%	20.38%	20.42%	19.60%	19.50%	19.68%
No. of Shareholders	25,487	23,351	22,521	22,577	22,381	32,369	38,402	48,337	53,981	46,567	47,760	48,934

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Kotak Multicap Fund	1,667,029	1.12	90.33	985,000	2025-03-10	69.24%
Canara Robeco Small Cap Fund	1,098,926	0.65	59.55	985,000	2025-03-10	11.57%
Nippon India Small Cap Fund	985,000	0.12	53.37	985,000	2025-03-10	0%
UTI Small Cap Fund	808,247	1.21	43.79	985,000	2025-03-10	-17.94%
UTI Transportation and Logistic Fund	694,257	1.37	37.62	985,000	2025-03-10	-29.52%
Kotak Multi Asset Allocation Fund	353,000	0.41	19.13	985,000	2025-03-10	-64.16%
Kotak Consumption Fund	155,000	1.94	8.4	985,000	2025-03-10	-84.26%
Sundaram ELSS Tax Saver Fund	120,629	0.55	6.54	985,000	2025-03-10	-87.75%
Bandhan Transportation and Logistics Fund	80,000	1.12	4.33	985,000	2025-03-10	-91.88%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	14.96	7.35	4.98	7.26	13.00
Diluted EPS (Rs.)	14.96	7.35	4.98	7.26	13.00
Cash EPS (Rs.)	32.81	24.23	20.63	21.28	26.86
Book Value[Excl.RevalReserv]/Share (Rs.)	146.54	132.94	126.27	121.88	115.28
Book Value[Incl.RevalReserv]/Share (Rs.)	146.54	132.94	126.27	121.88	115.28
Revenue From Operations / Share (Rs.)	470.69	430.18	343.16	275.26	305.48
PBDIT / Share (Rs.)	41.20	28.79	24.26	25.15	32.10
PBIT / Share (Rs.)	23.34	11.88	8.57	11.03	18.25
PBT / Share (Rs.)	21.55	10.84	6.90	8.54	19.01
Net Profit / Share (Rs.)	14.95	7.33	4.94	7.16	13.02
NP After MI And SOA / Share (Rs.)	14.96	7.35	4.98	7.26	13.00
PBDIT Margin (%)	8.75	6.69	7.07	9.13	10.50
PBIT Margin (%)	4.95	2.76	2.49	4.00	5.97
PBT Margin (%)	4.57	2.52	2.01	3.10	6.22
Net Profit Margin (%)	3.17	1.70	1.43	2.60	4.26
NP After MI And SOA Margin (%)	3.17	1.70	1.45	2.63	4.25
Return on Networth / Equity (%)	10.21	5.52	3.94	5.96	11.28
Return on Capital Employeed (%)	14.85	8.39	6.37	8.40	14.68
Return On Assets (%)	5.91	3.10	2.15	3.26	6.11
Long Term Debt / Equity (X)	0.00	0.01	0.01	0.03	0.03
Total Debt / Equity (X)	0.00	0.01	0.03	0.03	0.14
Asset Turnover Ratio (%)	1.92	1.84	1.52	1.27	1.44
Current Ratio (X)	1.29	1.10	1.10	1.07	0.93
Quick Ratio (X)	0.68	0.55	0.59	0.59	0.53
Inventory Turnover Ratio (X)	6.39	6.52	5.62	5.06	5.83
Dividend Payout Ratio (NP) (%)	6.68	9.52	14.05	11.01	9.99
Dividend Payout Ratio (CP) (%)	3.04	2.88	3.38	3.74	4.84
Earning Retention Ratio (%)	93.32	90.48	85.95	88.99	90.01
Cash Earning Retention Ratio (%)	96.96	97.12	96.62	96.26	95.16
Interest Coverage Ratio (X)	23.03	27.71	14.50	10.10	5.76
Interest Coverage Ratio (Post Tax) (X)	9.36	8.05	3.95	3.88	2.20
Enterprise Value (Cr.)	3237.28	1882.72	2044.87	1917.01	864.51
EV / Net Operating Revenue (X)	1.05	0.67	0.91	1.07	0.43
EV / EBITDA (X)	12.05	10.03	12.92	11.68	4.13
MarketCap / Net Operating Revenue (X)	1.09	0.69	0.95	1.12	0.42
Retention Ratios (%)	93.31	90.47	85.94	88.98	90.00
Price / BV (X)	3.51	2.26	2.60	2.53	1.12
Price / Net Operating Revenue (X)	1.09	0.69	0.95	1.12	0.42
EarningsYield	0.02	0.02	0.01	0.02	0.10

After reviewing the key financial ratios for Subros Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 14.96. This value is within the healthy range. It has increased from 7.35 (Mar 23) to 14.96, marking an increase of 7.61.
For Diluted EPS (Rs.), as of Mar 24, the value is 14.96. This value is within the healthy range. It has increased from 7.35 (Mar 23) to 14.96, marking an increase of 7.61.
For Cash EPS (Rs.), as of Mar 24, the value is 32.81. This value is within the healthy range. It has increased from 24.23 (Mar 23) to 32.81, marking an increase of 8.58.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 146.54. It has increased from 132.94 (Mar 23) to 146.54, marking an increase of 13.60.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 146.54. It has increased from 132.94 (Mar 23) to 146.54, marking an increase of 13.60.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 470.69. It has increased from 430.18 (Mar 23) to 470.69, marking an increase of 40.51.
For PBDIT / Share (Rs.), as of Mar 24, the value is 41.20. This value is within the healthy range. It has increased from 28.79 (Mar 23) to 41.20, marking an increase of 12.41.
For PBIT / Share (Rs.), as of Mar 24, the value is 23.34. This value is within the healthy range. It has increased from 11.88 (Mar 23) to 23.34, marking an increase of 11.46.
For PBT / Share (Rs.), as of Mar 24, the value is 21.55. This value is within the healthy range. It has increased from 10.84 (Mar 23) to 21.55, marking an increase of 10.71.
For Net Profit / Share (Rs.), as of Mar 24, the value is 14.95. This value is within the healthy range. It has increased from 7.33 (Mar 23) to 14.95, marking an increase of 7.62.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 14.96. This value is within the healthy range. It has increased from 7.35 (Mar 23) to 14.96, marking an increase of 7.61.
For PBDIT Margin (%), as of Mar 24, the value is 8.75. This value is below the healthy minimum of 10. It has increased from 6.69 (Mar 23) to 8.75, marking an increase of 2.06.
For PBIT Margin (%), as of Mar 24, the value is 4.95. This value is below the healthy minimum of 10. It has increased from 2.76 (Mar 23) to 4.95, marking an increase of 2.19.
For PBT Margin (%), as of Mar 24, the value is 4.57. This value is below the healthy minimum of 10. It has increased from 2.52 (Mar 23) to 4.57, marking an increase of 2.05.
For Net Profit Margin (%), as of Mar 24, the value is 3.17. This value is below the healthy minimum of 5. It has increased from 1.70 (Mar 23) to 3.17, marking an increase of 1.47.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 3.17. This value is below the healthy minimum of 8. It has increased from 1.70 (Mar 23) to 3.17, marking an increase of 1.47.
For Return on Networth / Equity (%), as of Mar 24, the value is 10.21. This value is below the healthy minimum of 15. It has increased from 5.52 (Mar 23) to 10.21, marking an increase of 4.69.
For Return on Capital Employeed (%), as of Mar 24, the value is 14.85. This value is within the healthy range. It has increased from 8.39 (Mar 23) to 14.85, marking an increase of 6.46.
For Return On Assets (%), as of Mar 24, the value is 5.91. This value is within the healthy range. It has increased from 3.10 (Mar 23) to 5.91, marking an increase of 2.81.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. It has decreased from 0.01 (Mar 23) to 0.00, marking a decrease of 0.01.
For Total Debt / Equity (X), as of Mar 24, the value is 0.00. This value is within the healthy range. It has decreased from 0.01 (Mar 23) to 0.00, marking a decrease of 0.01.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.92. It has increased from 1.84 (Mar 23) to 1.92, marking an increase of 0.08.
For Current Ratio (X), as of Mar 24, the value is 1.29. This value is below the healthy minimum of 1.5. It has increased from 1.10 (Mar 23) to 1.29, marking an increase of 0.19.
For Quick Ratio (X), as of Mar 24, the value is 0.68. This value is below the healthy minimum of 1. It has increased from 0.55 (Mar 23) to 0.68, marking an increase of 0.13.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 6.39. This value is within the healthy range. It has decreased from 6.52 (Mar 23) to 6.39, marking a decrease of 0.13.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 6.68. This value is below the healthy minimum of 20. It has decreased from 9.52 (Mar 23) to 6.68, marking a decrease of 2.84.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 3.04. This value is below the healthy minimum of 20. It has increased from 2.88 (Mar 23) to 3.04, marking an increase of 0.16.
For Earning Retention Ratio (%), as of Mar 24, the value is 93.32. This value exceeds the healthy maximum of 70. It has increased from 90.48 (Mar 23) to 93.32, marking an increase of 2.84.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 96.96. This value exceeds the healthy maximum of 70. It has decreased from 97.12 (Mar 23) to 96.96, marking a decrease of 0.16.
For Interest Coverage Ratio (X), as of Mar 24, the value is 23.03. This value is within the healthy range. It has decreased from 27.71 (Mar 23) to 23.03, marking a decrease of 4.68.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 9.36. This value is within the healthy range. It has increased from 8.05 (Mar 23) to 9.36, marking an increase of 1.31.
For Enterprise Value (Cr.), as of Mar 24, the value is 3,237.28. It has increased from 1,882.72 (Mar 23) to 3,237.28, marking an increase of 1,354.56.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.05. This value is within the healthy range. It has increased from 0.67 (Mar 23) to 1.05, marking an increase of 0.38.
For EV / EBITDA (X), as of Mar 24, the value is 12.05. This value is within the healthy range. It has increased from 10.03 (Mar 23) to 12.05, marking an increase of 2.02.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.09. This value is within the healthy range. It has increased from 0.69 (Mar 23) to 1.09, marking an increase of 0.40.
For Retention Ratios (%), as of Mar 24, the value is 93.31. This value exceeds the healthy maximum of 70. It has increased from 90.47 (Mar 23) to 93.31, marking an increase of 2.84.
For Price / BV (X), as of Mar 24, the value is 3.51. This value exceeds the healthy maximum of 3. It has increased from 2.26 (Mar 23) to 3.51, marking an increase of 1.25.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.09. This value is within the healthy range. It has increased from 0.69 (Mar 23) to 1.09, marking an increase of 0.40.
For EarningsYield, as of Mar 24, the value is 0.02. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Subros Ltd as of March 12, 2025 is: ₹374.21

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 12, 2025, Subros Ltd is Overvalued by 35.70% compared to the current share price 582.00

Intrinsic Value of Subros Ltd as of March 12, 2025 is: 461.22

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 12, 2025, Subros Ltd is Overvalued by 20.75% compared to the current share price 582.00

Last 5 Year EPS CAGR: 23.25%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -4.50, which is a positive sign. The company has higher reserves (593.62 cr) compared to borrowings (222.08 cr), indicating strong financial stability. The company has shown consistent growth in sales (1.54 cr) and profit (70.62 cr) over the years.	The stock has a low average ROCE of 11.25%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 15.00, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Subros Ltd:
1. Net Profit Margin: 3.17%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 14.85% (Industry Average ROCE: 21.47%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 10.21% (Industry Average ROE: 71.79%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 9.36
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.68
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 28.2 (Industry average Stock P/E: 227.27)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

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. 3070.57 Cr. and Equity Capital is Rs. 13.05 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Auto Ancl - Equipment Others	LGF, World Trade Centre, Barakhamba Lane, New Delhi Delhi 110001	kamal.samtani@subros.com http://www.subros.com

Management
Name	Position Held
Mr. Ramesh Suri	Chairman Emeritus
Ms. Shradha Suri	Chairperson & Managing Director
Mr. Parmod Kumar Duggal	Executive Director & CEO
Dr. Jyotsna Suri	Director
Mr. Tomoaki Yoshimori	Director
Mr. Arvind Kapur	Director
Mr. Naohisa Kuriyama	Director
Mr. Hisashi Takeuchi	Director
Mr. Yasuhiro Iida	Alternate Director
Justice Arjan Kumar Sikri	Independent Director
Mr. Deepa Gopalan Wadhwa	Independent Director
Mr. Asoka Lavasa	Independent Director
Mr. Vanaja Narayanan Sarna	Independent Director
Mr. Smita Piyush Mankad	Independent Director

FAQ

What is the latest intrinsic value of Subros Ltd?

The latest intrinsic value of Subros Ltd as on 11 March 2025 is ₹374.21, which is 35.70% lower than the current market price of 582.00, indicating the stock is overvalued by 35.70%. The intrinsic value of Subros Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹3,797 Cr. and recorded a high/low of ₹827/483 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,002 Cr and total liabilities of ₹1,784 Cr.

What is the Market Cap of Subros Ltd?

The Market Cap of Subros Ltd is 3,797 Cr..

What is the current Stock Price of Subros Ltd as on 11 March 2025?

The current stock price of Subros Ltd as on 11 March 2025 is ₹582.

What is the High / Low of Subros Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Subros Ltd stocks is ₹827/483.

What is the Stock P/E of Subros Ltd?

The Stock P/E of Subros Ltd is 28.2.

What is the Book Value of Subros Ltd?

The Book Value of Subros Ltd is 156.

What is the Dividend Yield of Subros Ltd?

The Dividend Yield of Subros Ltd is 0.31 %.

What is the ROCE of Subros Ltd?

The ROCE of Subros Ltd is 16.3 %.

What is the ROE of Subros Ltd?

The ROE of Subros Ltd is 10.6 %.

What is the Face Value of Subros Ltd?

The Face Value of Subros Ltd is 2.00.