Subros

Quick check

The five things to look at first. Open one for more.

• DebtHigh safetyRated AA by ICRA.
• ResultsGrowingIn the Jun 2026 quarter, sales rose 18% and profit rose 2.4% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 37% of the company, about the same as in Jun 2025.
• ValuationCheap vs its pastThe share trades at 22.3 times its yearly earnings (P/E), cheaper than 100% of the time in the last 5 years. Its usual P/E is about 28.

Subros against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)22.3 against a typical 22.5: cheaper than most peers (1st = cheapest).26th of 56
• Sales growth+17.5% against a typical +17.6% from a year earlier.22nd of 42
• Profit growth+2.4% against a typical −2.6% from a year earlier.18th of 41
• Share price, 3 months−21.4% against a typical −4.6%.43rd of 49
• Size₹ 3,855.8 Cr. market value against a typical ₹ 127.7 Cr. (1st = largest).5th of 54

Exchange filings and their impact on the company.

• 27 Oct 2026Bagging/Receiving of orders/contractsMedium impactPositivePrice −4.2% so far today
  Subros won a Rs 1,225 cr 7-year HVAC supply deal from Maruti Suzuki.

  Subros has received a new business award from Maruti Suzuki India for supply of YM3 and YU0 HVAC assemblies. The deal is valued at about Rs 1,225 crore spread over a seven-year model lifecycle from start of production. It expands Subros presence in the western region and strengthens its long-standing relationship with Maruti Suzuki as a leading auto thermal systems supplier.

  Full analysisFiling
• 15 Oct 2026Press ReleaseLow impactPositivePrice −0.8% on 16 Oct
  Subros opened its Noida advanced R&D centre to boost EV and thermal innovation.

  Subros Limited inaugurated its Subros Advanced Technologies and Innovation Centre at Sector 136, Noida on October 15, 2026 as an extension of its existing R&D centre. The centre will focus on advanced technology, engineering innovation and digitalization for thermal management systems for passenger vehicles, commercial vehicles, buses and railways, including vehicle electrification and energy efficiency. The move strengthens Subros research capability for future products but carries no disclosed near-term revenue or capex impact.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Shradha Suri

Executive Chairman of the Board, Managing Director

Pramod Kumar Duggal

Chief Executive Officer, Executive Director

Hemant Kumar Agarwal

Chief Financial Officer, Senior Vice President - Finance

Kamal Samtani

Compliance Officer, Company Secretary