SUBROSCapital Goods

Subros Limited

Other Industrial Products · ISIN INE287B01021 · BSE 517168 · NSE EQ · FV ₹2
Last price
₹690
+1.71%today
What this company does

Subros Limited operates in Other Industrial Products, part of the Capital Goods sector. It booked ₹1,032 cr of revenue in its latest quarter (Q1 FY27) and kept 4.0% of sales as profit. It is the 5th largest of 9 Other Industrial Products companies we track, by market value.

In the report:
62out of 100
Equitytale Health Score
Mixed

Healthier than 62% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 77–113 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
36

At close. Not part of the score.

Profitability & returns39

How much profit it earns on the money it employs

Balance sheet66

How much it owes, and whether earnings cover the interest

Cash quality59

Whether reported profit actually arrives as cash

Growth & consistency66

Whether sales and profit have grown, and how steadily

Valuation76

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 18% vs last year
No promoter shares pledged
Virtually debt-free
Watch-outs
! Thin 4.0% net margin
! Operating cash flow is negative

What if I invest in SUBROS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹690 +1.71%
latest close · 2026-09-17
1-year return
+121.7%
52-wk low ₹27252-wk high ₹844
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio27.1Average
LowAverageHigh
P/B ratio3.62High
Below bookModerateHigh
EV / EBITDA13.0Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.3%Fair
WeakFairStrong ▸15%
Return on capital17.0%Strong
WeakFairStrong
Net margin4.0%Thin
ThinDecentStrong
EBITDA margin8.4%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.02Comfortable
LowModerateHigh ▸1
Interest cover22.2×Strong
RiskyOkayStrong ▸5×
Current ratio1.61Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹4,500 cr
Book value
₹191
EPS
₹6.36
latest quarter
Net debt
₹18 cr
owes more than its cash
Enterprise value
₹4,518 cr
EBITDA
₹348 cr
annualised
EBIT
₹233 cr
annualised
Operating margin
5.6%
Return on assets
7.8%
Earnings yield
3.69%
P/S
1.09
Sales / share
₹632.7
Tax rate
25.6%
Face value
₹2
Shares
6.5 cr
Working capital
₹468 cr
Current assets
₹1,230 cr
Current liabilities
₹762 cr
Delivery %
52.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹93₹236, midpoint ₹161

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,032 cr
Other Income₹6 cr
Total Income₹1,038 cr
Cost of Materials₹780 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-22 cr
Employee Benefit Expense₹103 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹29 cr
Other Expenses₹90 cr
Total Expenses₹983 cr
Profit before Tax₹56 cr
Tax Expense₹14 cr
Share of JV / Associates₹14 L
Net Profit₹42 cr
Net margin on total income4.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹758 cr73.0%
Employee benefit expense₹103 cr9.9%
Finance costs₹3 cr0.3%
Depreciation & amortisation₹29 cr2.8%
Other expenses₹90 cr8.7%
Tax expense₹14 cr1.4%
Profit for the period₹42 cr4.0%
Total income ₹1,038 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue948 cr1,050 cr1,032 cr
Total income953 cr1,057 cr1,038 cr
Expenses901 cr991 cr983 cr
Profit before tax44 cr67 cr56 cr
Tax10 cr17 cr14 cr
Net profit (owners' share)35 cr49 cr42 cr
Net margin (owners' share, on revenue)3.7%4.7%4.0%
EPS (₹)5.337.566.36
YoY (latest quarter): total income +17.5% · net profit +1.7%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹2,134 cr
Shareholder equity
₹1,244 cr
parent shareholders
Total debt
₹30 cr
Cash
₹12 cr
Cash flow · H1 FY26
Operating
₹-11 cr
Investing
₹-26 cr
Financing
₹18 cr
Peer comparison
Other Industrial Products · by market value
CompanyPriceMarket capP/E
HBL Engineering Limited₹757₹20,977 cr47.9
INOX India Limited₹2,015₹18,287 cr78.7
KRN Heat Exchanger and Refrigeration Limited₹1,393₹9,117 cr67.0
Esab India Limited₹5,619₹8,646 cr38.5
Subros Limitedthis company₹690₹4,500 cr27.1
Harsha Engineers International Limited₹434₹3,950 cr26.4
Ador Welding Limited₹1,564₹2,722 cr24.7
Diffusion Engineers Limited₹436₹1,631 cr24.4
MIC Electronics Limited₹34₹821 cr94.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.44%
trailing 12 months
Dividend / share (TTM)
₹3
Last dividend
₹3
ex 11 Sep 2026
ActionDetailEx-date
Dividend₹3 / share11 Sep 2026
Dividend₹2.6 / share11 Sep 2025
Dividend₹1.8 / share11 Sep 2024
Dividend₹1 / share22 Aug 2023
Dividend₹0.7 / share28 Jul 2022
Dividend₹0.7 / share6 Sep 2021
Who owns it · 2026-06-30
No pledge
Promoter
36.8%
FII / Foreign
32.7%
DII / Domestic
10.7%
Retail / others
19.8%
Smart-money activity
Insider trades
BoughtSHRADHA SURI · Promoters55.87 L · ₹1.1 cr25 Mar 22
BoughtRITU SURI · Promoter Group44.59 L · ₹89.2 L27 Aug 21
BoughtRAMESH SURI · Promoters30.40 L28 Mar 19
Bulk / block deals
short · NSE523 Jun 26
SoldQE SECURITIES LLP · NSE3.43 L @ ₹846.622 Jun 26
BoughtQE SECURITIES LLP · NSE3.41 L @ ₹855.8522 Jun 26
Stake changes
BoughtKotak Mahindra Mutual Fund→ 5.01% · 28,76226 Dec 24
BoughtJ S Family Trust · promoter→ 2.48% · 16.19 L20 Dec 22
BoughtRITU SURI · promoter→ 8.57% · 44.59 L27 Aug 21
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 12 Mar 2026
See the official result
1
Appointment of Mr. Mr. Naohisa Kuriyam (DIN: 10047865) as a Nominee Director
Backed by 89% of shareholders other than promotersneeded 50%
2.89 cr votes for, 35.63 L against · 48% of mutual funds and other big investors said no
2
Appointment of Mr. Tsunenobu Hori (DIN: 11488901) as an Alternate Director
Backed by 82% of shareholders other than promotersneeded 50%
2.65 cr votes for, 59.34 L against · 81% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 6 named members
owning 36.8% between them · as of 2026-06-30
DEEKSHA HOLDING LIMITED15.54%
SHRADHA SURI8.56%
JYOTSNA HOLDING PRIVATE LIMITED5.29%
R. R. HOLDINGS PRIVATE LIMITED4.92%
JS FAMILY TRUST2.48%
JYOTSNA SURIno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.