NSE: SUBROS | BSE: 517168 | ASM

Strong Performer, Getting Expensive

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922.80 10.35 (1.13%)

New 52W High in past week

62,755 NSE+BSE Volume

NSE 24 Jun, 2025 9:46 AM (IST)

6,020

Market Cap

Above industry Median

1.3

Beta 1Year

Very High Volatility

Subros Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for SUBROS, BSE:517168 Subros Ltd.

Subros Ltd.

06 Feb 2017

922.80

1.13%

Subros (Visit Note): Beating the heat

Subros Ltd.

HDFC Securities

We interacted with the management of Subros Ltd recently. The company is a key player in the automotive AC market, commanding ~35% market share. We believe the company is well poised to grow Revenue/EBIDTA at 18/19% CAGR over FY16-19E

Subros Ltd. has gained 57.14% in the last 3 Months

Subros Ltd.

02 Feb 2017

922.80

1.13%

Subros Ltd: Product Diversification to Yield Better Results (Feb 02, 2017)

Hold: Subros Ltd.

Target

Karvy

Decline in Raw material costs leads to operating margin expansion:Subros reported revenue of Rs. 3729Mn in Q3FY17 up by 13.4% YoY and down by -14.8% QoQ where EBITDA margins stood at 11.2% this quarter as against 10.7% in the previous quarter, majorly driven by raw material cost decline. However, PATdeclined by -24.0%/-45.6% in QoQ/YoY due to exceptional expenses on account of the fire accident at their Manesar plant. Also, employee and other expenses have slightly shot up in Q3FY17 as compared to the previous quarter.

Subros Ltd. has gained 37.62% in the last 1 Year

Subros Ltd.

22 Nov 2016

922.80

1.13%

Subros Ltd: Surfing Against the Tides Steadily (Nov 22, 2016)

Hold: Subros Ltd.

Recommendation Target

Karvy

Surfing Against the Tides Steadily: Robust revenue growth - After the devastating quarter (Q1FY17) on account of a fire accident at the Manesar plant which incurred considerable equipment and inventory damage leading to loss, Subros has bounced back recording a revenuegrowth of 34.8% at Rs. 4375Mn in Q2FY17 (QoQ) and 35.5% YoY. EBITDA improved by 42.9% QoQ at Rs. 468Mn and 20.8% YoY with margins improving by 60bps QoQ and declining by 130 bps YoY due to fire mishap which affected sales while the fixed costs remained.

Subros Ltd. has gained 37.62% in the last 1 Year

Subros Ltd.

11 Feb 2016

922.80

1.13%

Subros Ltd. - Q3FY16 - 11 February 2016

Buy: Subros Ltd.

Way2Wealth

SALES UP BY 17% TO `3.3BN DRIVEN BY 17.6% VOLUME GROWTH Subros Q3FY16 sales increased by 17% YoY primarily on account of robust volume growth of 17.6% YoY (272,435 Units) during the quarter. This is a second successive quarter for Subros to report ~18% volume growth on yoy basis. During the quarter, average realizations per unit were up by 0.4% on yoy basis to `12,052/unit after preceding 4 quarters of decline in the same. The Company continues continue to benefit from buoyancy in a passenger vehicle market in India as it remains main supplier for AC kits to Maruti....

Subros Ltd. has gained 57.14% in the last 3 Months

Subros Ltd.

02 Jan 2016

922.80

1.13%

Subros Ltd: Revival in Passenger Segment to Pedal Growth (Jan 02, 2016)

Buy: Subros Ltd.

Karvy

Subros Ltd, manufacturer of air conditioner systems for automobiles, mostly caters to the passenger segment OEMs; predominantly Maruti Suzuki India Ltd (MSIL). Therefore, on the basis of recent progress in this segment, we expect revenues to increase at a CAGR of 11% between FY15-17E primarily driven by volume growth at CAGR of 13% because realizations have got hit owing to pricing competition; and going forward, we have kept realizations constant for our estimations.

Subros Ltd. has gained 28.86% in the last 1 Month

Subros Ltd.

02 Dec 2015

922.80

1.13%

Subros Ltd. - 02 December 2015

Buy: Subros Ltd.

Way2Wealth

Way2Wealth Brokers Pvt. Ltd. (CIN U67120KA2000PTC027628) SEBI Rgn. No. : Applied for. No. 14, Frontline Granduer, Walton Road, Bangalore-560001; Website: www.way2wealth.com Email: research@way2wealth.com...