NSEI:SUBROS

Stock Analysis Report

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Executive Summary

Subros Limited manufactures and sells thermal products for automotive applications in India.


Snowflake Analysis

Excellent balance sheet with acceptable track record.

Share Price & News

How has Subros's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SUBROS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

12.5%

SUBROS

7.1%

IN Auto Components

3.8%

IN Market


1 Year Return

-35.1%

SUBROS

-29.2%

IN Auto Components

-20.9%

IN Market

Return vs Industry: SUBROS underperformed the Indian Auto Components industry which returned -29.2% over the past year.

Return vs Market: SUBROS underperformed the Indian Market which returned -20.9% over the past year.


Shareholder returns

SUBROSIndustryMarket
7 Day12.5%7.1%3.8%
30 Day7.0%4.0%0.5%
90 Day-23.3%-19.0%-14.8%
1 Year-34.6%-35.1%-28.0%-29.2%-19.3%-20.9%
3 Year-30.0%-30.9%-39.8%-41.6%-9.6%-14.4%
5 Year227.6%217.5%-12.5%-16.2%13.0%2.4%

Price Volatility Vs. Market

How volatile is Subros's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Subros undervalued compared to its fair value and its price relative to the market?

13.53x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SUBROS (₹175.25) is trading above our estimate of fair value (₹7.61)

Significantly Below Fair Value: SUBROS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SUBROS is poor value based on its PE Ratio (13.5x) compared to the Auto Components industry average (11.7x).

PE vs Market: SUBROS is poor value based on its PE Ratio (13.5x) compared to the Indian market (10x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SUBROS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SUBROS is overvalued based on its PB Ratio (1.6x) compared to the IN Auto Components industry average (0.9x).


Next Steps

Future Growth

How is Subros forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.9%

Forecasted Automobiles industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Subros has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Subros performed over the past 5 years?

30.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SUBROS has a large one-off gain of ₹405.6M impacting its December 31 2019 financial results.

Growing Profit Margin: SUBROS's current net profit margins (4.1%) are higher than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: SUBROS's earnings have grown significantly by 30.5% per year over the past 5 years.

Accelerating Growth: SUBROS's earnings growth over the past year (16.6%) is below its 5-year average (30.5% per year).

Earnings vs Industry: SUBROS earnings growth over the past year (16.6%) exceeded the Auto Components industry -20.4%.


Return on Equity

High ROE: SUBROS's Return on Equity (11.7%) is considered low.


Next Steps

Financial Health

How is Subros's financial position?


Financial Position Analysis

Short Term Liabilities: SUBROS's short term assets (₹5.8B) do not cover its short term liabilities (₹6.3B).

Long Term Liabilities: SUBROS's short term assets (₹5.8B) exceed its long term liabilities (₹648.8M).


Debt to Equity History and Analysis

Debt Level: SUBROS's debt to equity ratio (26%) is considered satisfactory.

Reducing Debt: SUBROS's debt to equity ratio has reduced from 133.6% to 26% over the past 5 years.

Debt Coverage: SUBROS's debt is well covered by operating cash flow (52%).

Interest Coverage: SUBROS's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Subros's current dividend yield, its reliability and sustainability?

0.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SUBROS's dividend (0.74%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.84%).

High Dividend: SUBROS's dividend (0.74%) is low compared to the top 25% of dividend payers in the Indian market (3.57%).


Stability and Growth of Payments

Stable Dividend: SUBROS's dividend payments have been volatile in the past 10 years.

Growing Dividend: SUBROS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (10.1%), SUBROS's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Shradha Marwah (41yo)

12yrs

Tenure

₹22,882,000

Compensation

Ms. Shradha Suri Marwah has been a Managing Director of Subros Limited since May 12, 2008. Ms. Marwah serves as a Director of Mercantile Capital and Financial Services Pvt. Ltd. She serves as an Executive  ...


CEO Compensation Analysis

Compensation vs Market: Shradha's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD334.69K).

Compensation vs Earnings: Shradha's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Shradha Marwah
MD & Non-Independent Executive Director12yrs₹22.88mno data
Manoj Sethi
CFO & Senior VP of Finance5yrs₹7.25mno data
Rakesh Arora
Compliance Officer & Company Secretary3.75yrs₹3.65mno data
Nagendrappa Pujari
Senior General Manager of Tool Roomno data₹2.45mno data
Sanjeev Mohan
General Manager of Tech Cellno data₹2.56mno data
Yash Negi
Vice Presidentno data₹2.49mno data
Hemant Agarwal
Senior General Manager of Financeno data₹1.56mno data

5.0yrs

Average Tenure

53yo

Average Age

Experienced Management: SUBROS's management team is seasoned and experienced (5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shradha Marwah
MD & Non-Independent Executive Director12yrs₹22.88mno data
Shailendra Swarup
Independent Non-Executive Directorno data₹440.00kno data
Kuttalam Ramamoorthy
Independent Non-Executive Directorno data₹500.00kno data
Girish Mehra
Independent Non-Executive Directorno data₹1.12mno data
Ramesh Suri
Chairman12yrs₹12.80m8.56% 976.9m
Kenichi Ayukawa
Non-Independent Non-Executive Director6.83yrs₹300.00kno data
Jyotsna Suri
Non-Independent Non-Executive Director13.58yrs₹250.00k2.48% 283.1m
Meena Sethi
Independent Non-Executive Director7.83yrs₹720.00kno data
Yasuhiro Iida
Non-Independent Non-Executive Director3.75yrsno datano data
M. Pathan
Independent Non-Executive Director6.5yrs₹510.00kno data

7.0yrs

Average Tenure

75yo

Average Age

Experienced Board: SUBROS's board of directors are considered experienced (7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Subros Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Subros Limited
  • Ticker: SUBROS
  • Exchange: NSEI
  • Founded: 1985
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹11.406b
  • Shares outstanding: 65.24m
  • Website: https://www.subros.com

Location

  • Subros Limited
  • LGF, World Trade Centre
  • Barakhamba Lane
  • New Delhi
  • Delhi
  • 110001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
517168BSE (Mumbai Stock Exchange)YesEquity SharesININRJul 1994
SUBROSNSEI (National Stock Exchange of India)YesEquity SharesININRJul 1994

Biography

Subros Limited manufactures and sells thermal products for automotive applications in India. It provides air conditioning (AC) systems and components, including thermal solutions for cars, buses, refrigeration vehicles, railways, home AC’s, tractors, and trucks. The company offers compressors; automotive condensers; heating, ventilating, and air conditioning systems, such as heaters, evaporators, and blower units; tubes and hoses; bus ACs; driver cabin ACs for railway engines; commercial and residential ACs; water dispensers; transport refrigeration systems; truck cabin AC systems; off-roader AC systems; and AC systems for defense vehicles. It also exports its products. Subros Limited was founded in 1985 and is headquartered in New Delhi, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/30 11:58
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.