MarketFriction

Subros Ltd

NSE SUBROS · BSE 517168 · Other Industrial Products
₹684.90 -2.07%
NSE close2026-10-01
52 week range622.10 - 1,190.00
Market cap₹4,580 Cr.
P/E26.6
Microcap 250 Price band 20% Delivery 52.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8137328328108288219088788809481,0501,032
Expenses743673755733752745816796811866958951
Operating Profit706077777676938268819281
OPM %9%8%9%10%9%9%10%9%8%9%9%8%
Other Income3743656620-286
Interest344323322323
Depreciation292832313232343131323129
Profit before tax423445474946625555456656
Tax %36%21%32%26%25%28%25%25%25%22%26%26%
Net Profit272730353633464141354942
EPS in Rs4.104.124.665.365.585.057.086.266.255.337.566.36
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,2981,5351,9132,1241,9931,7962,2392,8063,0713,3683,7563,909
Expenses1,1461,3671,7031,8961,8041,6422,0892,6382,8153,0453,4303,587
Operating Profit152168210229189154149168255323325323
OPM %12%11%11%11%9%9%7%6%8%10%9%8%
Other Income2-2466621192014203031
Interest42484142361611712111010
Depreciation878892799092102110117128125123
Profit before tax26882114124564571141204220221
Tax %9%-63%26%33%32%16%28%32%31%26%25%
Net Profit241361768547324898151166166
EPS in Rs3.992.2010.1011.6913.007.264.987.3514.9623.0825.3925.50
Dividend Payout %20%23%11%11%6%10%14%14%12%11%12%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%16%10%14%
Compounded Profit Growth22%29%53%10%
Stock Price CAGR19%16%22%-41%
Return on Equity10%10%13%14%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital121212121313131313131313
Reserves3053233353926677397828118549431,0811,231
Borrowings420390404385244155523319354175
Other Liabilities236276373508456482602648657661724815
Total Liabilities9731,0011,1251,2971,3801,3881,4491,5051,5431,6511,8592,134
Fixed Assets537563497670690765745726723745719730
CWIP8854149908666546186807979
Investments00122155255116143
Other Assets3483844775366035556467127098219451,182
Total Assets9731,0011,1251,2971,3801,3881,4491,5051,5431,6511,8592,134
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity141151111315100239154151141166175105
Cash from Investing Activity-94-69-75-231-126-93-58-100-145-92-165-137
Cash from Financing Activity-48-82-35-7217-148-68-534-65-137
Net Cash Flow-1-0113-8-328-1-18-3-25
Free Cash Flow47823384-261419245314758-42
CFO/OP106%103%67%157%54%138%108%107%90%75%72%55%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days242831312935423727344956
Inventory Days787370666161807057605660
Days Payable4954821129610013010783818482
Cash Conversion Cycle524719-16-6-4-9-12132134
Working Capital Days-36-33-47-52-29-23-16-9-671732
ROCE %8%9%12%16%19%13%8%7%9%16%20%19%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters36.79%36.79%36.79%36.79%36.79%36.79%36.79%36.79%36.79%36.79%36.79%36.79%
FIIs32.74%33.35%32.83%33.22%33.05%32.81%32.80%32.93%33.14%32.78%32.79%32.68%
DIIs10.96%9.48%9.96%10.40%10.67%10.72%11.18%11.32%11.30%11.05%10.76%10.70%
Public19.51%20.38%20.42%19.60%19.50%19.68%19.22%18.95%18.79%19.38%19.65%19.81%
No. of Shareholders38,40248,33753,98146,56747,76048,93447,84847,45048,42752,75854,70856,225

Fundamentals

Market Cap₹ 4,580 Cr.
Current Price₹ 702
Stock P/E26.6
Book Value₹ 191
ROCE19.2 %
ROE14.5 %
Dividend Yield0.43 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)14%
Compounded Profit Growth (TTM)10%
Consolidated figures.
Valuation
Market capRs 4,468 Cr
Enterprise valueRs 4,505 Cr
P/E (TTM)26.86x
Price to book3.59x
Price to sales1.14x
EV / EBITDA12.73x
EV / EBIT19.49x
EV / sales1.15x
Price to cash flow42.42x
Earnings yield3.72%
Dividend yield0.44%
P/E, 3-year average27.92x
P/B, 3-year average3.40x
P/E, 5-year average38.08x
P/B, 5-year average3.01x
Profitability
Operating margin (excl. other income)8.66%
Operating margin (incl. other income)9.45%
EBITDA margin9.05%
Pre-tax margin5.66%
Net profit margin4.25%
Net margin, latest quarter4.02%
ROE14.17%
ROCE18.73%
ROA8.30%
ROE, 3-year average13.19%
ROCE, 3-year average18.40%
ROA, 3-year average7.66%
ROE, 5-year average9.85%
ROCE, 5-year average14.14%
ROA, 5-year average5.67%
ROIC (approx.)13.58%
Tax rate24.76%
Other income / net worth2.37%
Growth
Sales growth (latest year)11.52%
Profit growth (latest year)10.04%
Sales CAGR, 3 years10.20%
Sales CAGR, 5 years15.90%
Profit CAGR, 3 years51.20%
Profit CAGR, 5 years28.44%
Sales growth QoQ-1.68%
Profit growth QoQ-15.83%
Sales growth YoY (latest quarter)17.52%
Profit growth YoY (latest quarter)1.69%
Per share
EPS (TTM)Rs 25.50
EPS (latest year)Rs 25.39
EPS (latest quarter)Rs 6.36
EPS, 3-year averageRs 21.14
EPS, 5-year averageRs 15.15
Book value per shareRs 190.71
Sales per shareRs 599.27
Cash flow per shareRs 16.14
Free cash flow per shareRs -6.44
Dividend per share (latest year)Rs 3.00
Dividend per share, 3-year averageRs 2.47
Dividend per share, 5-year averageRs 1.82
Dividends
Dividend payout11.82%
Dividend payout, 3-year average11.70%
Dividend payout, 5-year average12.56%
Efficiency
Asset turnover1.76x
Fixed asset turnover5.15x
Inventory turnover6.45x
Inventory days57 days
Debtor days56 days
Debtors turnover6.52x
Creditor days82 days
Cash conversion cycle34 days
Working capital days32 days
Leverage
Total debtRs 75 Cr
Cash and bankRs 38 Cr
Net debtRs 37 Cr
Debt to equity0.06x
Net debt / EBITDA0.10x
Interest coverage23.53x
Current ratio (filing 2026-03-31)1.61x
Quick ratio (filing 2026-03-31)1.02x
Trade payables (filing 2026-03-31)Rs 618 Cr
Owners' fund to total sources58.30%
Debt to assets3.50%
Cash flow
Cash from Operating Activity (latest year)Rs 105 Cr
Cash from Investing Activity (latest year)Rs -137 Cr
Cash from Financing Activity (latest year)Rs 7 Cr
Net Cash Flow (latest year)Rs -25 Cr
Free cash flow (latest year)Rs -42 Cr
FCFE (approx.: FCF + change in debt)Rs -8 Cr
Cash from ops / profit, 5 years1.49x
Sales to cash flow35.66x
Statement figures
Net sales (TTM)Rs 3,909 Cr
Net sales (latest year)Rs 3,756 Cr
Sales (latest quarter)Rs 1,032 Cr
Operating profit excl. other income (latest year)Rs 325 Cr
Operating profit (latest quarter)Rs 81 Cr
Other income (TTM)Rs 31 Cr
EBITDA (TTM)Rs 354 Cr
PBDT (TTM)Rs 344 Cr
Profit before tax (TTM)Rs 221 Cr
Tax (latest year)Rs 55 Cr
Net profit (TTM)Rs 166 Cr
Net profit (latest year)Rs 166 Cr
Net profit (latest quarter)Rs 42 Cr
Depreciation (TTM)Rs 123 Cr
Depreciation (latest quarter)Rs 29 Cr
Interest (TTM)Rs 10 Cr
Cost of goods sold (latest year)Rs 2,911 Cr
Total expenditure (latest year)Rs 3,430 Cr
Total income (latest year)Rs 3,785 Cr
Share capitalRs 13 Cr
ReservesRs 1,231 Cr
Shareholders' fundsRs 1,244 Cr
Total assetsRs 2,134 Cr
Net blockRs 730 Cr
Capital work in progressRs 79 Cr
InvestmentsRs 143 Cr
ReceivablesRs 576 Cr
InventoryRs 451 Cr
Other liabilitiesRs 815 Cr
Shares outstanding (crore)6.52
Ownership
Promoter holding36.79% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 26.9 is at the 24th percentile of its own 9.4-year range (median 41.8, low 11.2, high 169.1).
P/B 3.59 is at the 48th percentile (median 3.76).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSUBROSNifty 50Difference
1 week-4.9%-2.8% -2.1 pts
1 month-4.4%-6.8% +2.4 pts
3 months-19.2%-7.6% -11.6 pts
6 months+7.8%+0.4% +7.4 pts
1 year-39.0%-9.9% -29.1 pts
2 years-10.4%-13.6% +3.2 pts
3 years+76.0%+14.2% +61.9 pts
5 years+105.7%+27.9% +77.8 pts
15 mutual fund schemes hold about ₹488 Cr. Over three months 5 bought more and 1 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Kotak Multi Cap Fund0.57%167 -3%
Canara Rob Small Cap Fund0.50%73 -1%
Nippon India Small Cap Fund0.08%69 +0%
UTI Small Cap Fund1.09%57 +1%
UTI Transportation & Logistics Fund0.91%40 -6%
Kotak Multi Asset Allocation Fund0.24%36 -1%
Kotak Consumption Fund1.04%18 +4%
JM Flexi Cap Fund0.34%18 -0%
Kotak Transportation & Logistics Fund1.32%7 -0%
Motilal Oswal Nifty Microcap 250 Index Fund0.14%4 -2%
Groww Nifty Total Market Index Fund0.01%0 +8%
Angel One Nifty Total Market Index Fund0.01%0 +6%
Mirae Asset Nifty Total Market Index Fund0.01%0 +8%
Bandhan Nifty Total Market Index Fund0.01%0 +6%
Motilal Oswal BSE 1000 Index Fund0.01%0 +8%

Red flags

F-score 3 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,032 Cr +17.5% vs Jun 2025. Net profit ₹42 Cr +2.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-11Dividend - Rs 3 Per Share
2025-09-11Dividend - Rs 2.60 Per Share
2024-09-11Annual General Meeting/Dividend - Re 1.8 Per Share
2023-08-22Annual General Meeting/Dividend - Re 1 Per Share
2022-07-28Annual General Meeting/Dividend - Rs 0.70 Per Share
2021-09-06 Dividend - Rs 0.70 Per Share
2020-09-07 Dividend - Rs 0.80 Per Share
2019-07-31 Dividend Rs - 1.30 Per Share
2018-07-26 Annual General Meeting/Dividend- Rs 1.10 Per Share
2017-09-07 Annual General Meeting/Dividend - Re 0.50 Per Share
2016-07-28 Annual General Meeting/Dividend Re 0.80 Per Share
2015-07-16Annual General Meeting/Dividend - Re 0.70/- Per Share
2014-07-17Annual General Meeting / Dividend - Re 0.70/- Per Share
2013-07-18Annual General Meeting And Dividend Re.0.70 Per Share
2012-07-19Annual General Meeting And Dividend - Rs.1.10 Per Share
2011-09-08Annual General Meeting And Dividend Re.0.80 Per Share
2010-09-08Annual General Meeting And Dividend Re.0.70 Per Share
2009-09-10Agm/Div-Re.0.50 Per Share
2008-09-04Agm/Dividend - 40%
2007-11-20Fv Split Rs.10/- To Rs.2/0.2000
2007-09-13Agm/Dividend-40%
2006-09-07Agm/Dividend-35%
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-02-24NCLATPRS Packtech Systems Pvt Ltd VS Subros Ltd
2021-01-20NCLATPRS Packtech Systems Pvt Ltd VS Subros Ltd
2020-12-21NCLATPRS Packtech Systems Pvt Ltd VS Subros Ltd
2018-01-03CESTATSUBROS LTD ---VS.--- NEW DELHI
2017-12-12CESTATPATPARGANJ ---VS.--- SUBROS LTD
2017-09-07CESTATPATPARGANJ ---VS.--- SUBROS LTD
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Subros Ltd?

Subros Ltd (SUBROS) has a market capitalisation of Rs 4,580 Cr. at the 2026-10-01 close.

What is the P/E ratio of Subros Ltd?

Subros Ltd trades at a P/E of 26.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Subros Ltd's latest quarterly results?

In the Jun 2026 quarter, Subros Ltd sales was Rs 1,032 Cr (+17.5% vs Jun 2025) and net profit was Rs 42 Cr.

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

The 52-week high is Rs 1,190.00 and the 52-week low is Rs 622.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03