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Subros

NSEI:SUBROS
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SUBROS
NSEI
₹16B
Market Cap
  1. Home
  2. IN
  3. Automobiles
Company description

Subros Limited manufactures and sells thermal products for automotive applications in India. The last earnings update was 27 days ago. More info.


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SUBROS Share Price and Events
7 Day Returns
-0.5%
NSEI:SUBROS
-0.8%
IN Auto Components
-0.7%
IN Market
1 Year Returns
-21.5%
NSEI:SUBROS
-25%
IN Auto Components
-1.6%
IN Market
SUBROS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Subros (SUBROS) -0.5% 7.2% -5.2% -21.5% 175.9% 417.4%
IN Auto Components -0.8% 0.7% -12% -25% 15.3% 74.8%
IN Market -0.7% 3.6% 0.5% -1.6% 32.8% 41.7%
1 Year Return vs Industry and Market
  • SUBROS outperformed the Auto Components industry which returned -25% over the past year.
  • SUBROS underperformed the Market in India which returned -1.6% over the past year.
Price Volatility
SUBROS
Industry
5yr Volatility vs Market
Related Companies

SUBROS Value

 Is Subros undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Subros to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Subros.

NSEI:SUBROS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.8%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:SUBROS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.19
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.195 (1 + (1- 35%) (11.65%))
1.191
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.191 * 8.6%)
17.79%

Discounted Cash Flow Calculation for NSEI:SUBROS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Subros is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:SUBROS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 17.79%)
2019 1,621.23 Est @ 1.87% 1,376.35
2020 1,239.00 Analyst x1 892.98
2021 1,650.00 Analyst x1 1,009.57
2022 1,708.92 Est @ 3.57% 887.69
2023 1,790.34 Est @ 4.76% 789.51
2024 1,890.61 Est @ 5.6% 707.80
2025 2,007.54 Est @ 6.19% 638.05
2026 2,139.93 Est @ 6.59% 577.40
2027 2,287.19 Est @ 6.88% 523.92
2028 2,449.16 Est @ 7.08% 476.28
Present value of next 10 years cash flows ₹7,879.55
NSEI:SUBROS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹2,449.16 × (1 + 7.55%) ÷ (17.79% – 7.55%)
₹25,718.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹25,718.65 ÷ (1 + 17.79%)10
₹5,001.44
NSEI:SUBROS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹7,879.55 + ₹5,001.44
₹12,880.99
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹12,880.99 / 65.24
₹197.45
NSEI:SUBROS Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹197.65
Current discount Discount to share price of ₹247.30
= -1 x (₹247.30 - ₹197.65) / ₹197.65
-25.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Subros is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Subros's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Subros's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:SUBROS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹12.37
BSE:517168 Share Price ** BSE (2019-06-14) in INR ₹247.05
India Auto Components Industry PE Ratio Median Figure of 102 Publicly-Listed Auto Components Companies 14.98x
India Market PE Ratio Median Figure of 2,826 Publicly-Listed Companies 15.85x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Subros.

NSEI:SUBROS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:517168 Share Price ÷ EPS (both in INR)

= 247.05 ÷ 12.37

19.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Subros is overvalued based on earnings compared to the IN Auto Components industry average.
  • Subros is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Subros's expected growth come at a high price?
Raw Data
NSEI:SUBROS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
20.8%per year
India Auto Components Industry PEG Ratio Median Figure of 32 Publicly-Listed Auto Components Companies 1.28x
India Market PEG Ratio Median Figure of 522 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

NSEI:SUBROS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.97x ÷ 20.8%

0.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Subros is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Subros's assets?
Raw Data
NSEI:SUBROS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹110.32
BSE:517168 Share Price * BSE (2019-06-14) in INR ₹247.05
India Auto Components Industry PB Ratio Median Figure of 112 Publicly-Listed Auto Components Companies 1.66x
India Market PB Ratio Median Figure of 3,653 Publicly-Listed Companies 1x
NSEI:SUBROS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:517168 Share Price ÷ Book Value per Share (both in INR)

= 247.05 ÷ 110.32

2.24x

* Primary Listing of Subros.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Subros is overvalued based on assets compared to the IN Auto Components industry average.
X
Value checks
We assess Subros's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Subros has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SUBROS Future Performance

 How is Subros expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Subros expected to grow at an attractive rate?
  • Subros's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Subros's earnings growth is expected to exceed the India market average.
  • Subros's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:SUBROS Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:SUBROS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 20.8%
NSEI:SUBROS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 8.8%
India Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
India Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 9.3%
India Market Earnings Growth Rate Market Cap Weighted Average 16.6%
India Market Revenue Growth Rate Market Cap Weighted Average 9.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:SUBROS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:SUBROS Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 25,339 3,018 1,172 1
2020-03-31 23,366 1,921 1,014 1
NSEI:SUBROS Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 21,245 762
2018-03-31 19,129 3,154 606
2017-03-31 15,349 1,107 132

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Subros's earnings are expected to grow significantly at over 20% yearly.
  • Subros's revenue is expected to grow by 8.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:SUBROS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Subros Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SUBROS Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 18.00 18.00 18.00 1.00
2020-03-31 15.83 16.60 15.40 3.00
NSEI:SUBROS Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 12.37
2018-03-31 10.09
2017-03-31 2.20

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Subros is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Subros's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Subros has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SUBROS Past Performance

  How has Subros performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Subros's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Subros has delivered over 20% year on year earnings growth in the past 5 years.
  • Subros's 1-year earnings growth is less than its 5-year average (25.9% vs 31%)
  • Subros's earnings growth has exceeded the IN Auto Components industry average in the past year (25.9% vs 5.5%).
Earnings and Revenue History
Subros's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Subros Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SUBROS Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 21,244.80 762.40 2,065.70
2018-03-31 19,128.94 605.57 1,935.35
2017-03-31 15,349.17 131.81 1,573.23
2016-03-31 13,107.20 239.42 1,371.48
2015-03-31 12,019.78 200.14 1,219.95
2014-03-31 11,761.96 207.90 1,510.07
2013-03-31 12,765.86 202.74 1,514.18

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Subros has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Subros used its assets more efficiently than the IN Auto Components industry average last year based on Return on Assets.
  • Subros has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Subros's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Subros has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SUBROS Health

 How is Subros's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Subros's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Subros's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Subros's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Subros's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Subros Company Filings, last reported 2 months ago.

NSEI:SUBROS Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 6,799.50 1,877.50 1,173.50
2018-03-31 4,044.45 3,851.12 151.42
2017-03-31 3,474.80 4,044.23 22.88
2016-03-31 3,350.77 3,900.73 77.48
2015-03-31 3,168.93 4,198.93 75.02
2014-03-31 3,017.59 4,135.30 110.31
2013-03-31 2,859.75 3,496.55 112.34
  • Subros's level of debt (27.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (137% vs 27.6% today).
  • Debt is well covered by operating cash flow (168%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).
X
Financial health checks
We assess Subros's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Subros has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SUBROS Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.53%
Current annual income from Subros dividends. Estimated to be 0.61% next year.
If you bought ₹2,000 of Subros shares you are expected to receive ₹11 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Subros's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.53%).
  • Subros's dividend is below the markets top 25% of dividend payers in India (2.04%).
Upcoming dividend payment

Purchase Subros before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:SUBROS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 81 Stocks 0.9%
India Market Average Dividend Yield Market Cap Weighted Average of 1449 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:SUBROS Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 1.50 1.00
2020-03-31 1.50 1.00
NSEI:SUBROS Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-21 1.300 0.500
2018-05-28 1.100 0.393
2017-05-23 0.500 0.182
2016-05-26 0.800 0.571
2015-07-27 1.258 1.479
2014-07-09 0.700 1.153
2014-05-26 0.700 1.557
2013-07-17 0.700 2.883
2013-05-22 0.700 3.052
2012-07-30 1.100 3.951
2011-09-22 0.800 2.937
2010-08-02 0.700 1.872

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Subros has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Subros only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Subros's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (9.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (12x coverage).
X
Income/ dividend checks
We assess Subros's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Subros afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Subros has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SUBROS Management

 What is the CEO of Subros's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shradha Marwah
COMPENSATION ₹22,882,000
AGE 40
TENURE AS CEO 11.1 years
CEO Bio

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 Director of Fibcom India Ltd. She serves as a Director of Rohan Motors Limited, Prima Telecom Ltd. and Prime Cellular Limited. She serves as aN Executive Director of Subros. She served as a Director of Bharat Hotels Ltd. She holds Master of Science in International Marketing Management, London (U.K) and Master of Science in Information Systems from LSE (U.K). Ms. Marwah has an economics graduate from the Delhi University.

CEO Compensation
  • Shradha's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Shradha's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Subros management team in years:

4.1
Average Tenure
53
Average Age
  • The tenure for the Subros management team is about average.
Management Team

Shradha Marwah

TITLE
MD & Non-Independent Executive Director
COMPENSATION
₹23M
AGE
40
TENURE
11.1 yrs

Manoj Sethi

TITLE
CFO & Senior VP of Finance
COMPENSATION
₹7M
AGE
43
TENURE
4.1 yrs

Rakesh Arora

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹4M
TENURE
2.8 yrs

Nagendrappa Pujari

TITLE
Senior General Manager of Tool Room
COMPENSATION
₹2M
AGE
52

Sanjeev Mohan

TITLE
General Manager of Tech Cell
COMPENSATION
₹3M
AGE
56

Yash Negi

TITLE
Vice President
COMPENSATION
₹2M
AGE
54

V. B. Savio

TITLE
Executive Officer
COMPENSATION
₹3M
AGE
60

Hemant Agarwal

TITLE
Senior General Manager of Finance
COMPENSATION
₹2M
Board of Directors Tenure

Average tenure and age of the Subros board of directors in years:

6.1
Average Tenure
74
Average Age
  • The tenure for the Subros board of directors is about average.
Board of Directors

Ramesh Suri

TITLE
Chairman
COMPENSATION
₹13M
AGE
78
TENURE
11.1 yrs

Shradha Marwah

TITLE
MD & Non-Independent Executive Director
COMPENSATION
₹23M
AGE
40
TENURE
6.1 yrs

Girish Mehra

TITLE
Independent Non-Executive Director
COMPENSATION
₹1M
AGE
86

M. Pathan

TITLE
Independent Non-Executive Director
COMPENSATION
₹510K
AGE
76
TENURE
5.6 yrs

Meena Sethi

TITLE
Independent Non-Executive Director
COMPENSATION
₹720K
AGE
74
TENURE
6.9 yrs

Jyotsna Suri

TITLE
Non-Independent Non-Executive Director
COMPENSATION
₹250K
AGE
66
TENURE
12.7 yrs

Ram Ramamoorthy

TITLE
Independent Non-Executive Director
COMPENSATION
₹500K
AGE
78

Shailendra Swarup

TITLE
Independent Non-Executive Director
COMPENSATION
₹440K
AGE
74

Kenichi Ayukawa

TITLE
Non-Independent Non-Executive Director
COMPENSATION
₹300K
AGE
63
TENURE
5.9 yrs

Yasuhiro Iida

TITLE
Non-Independent Non-Executive Director
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Subros's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Subros has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SUBROS News

Simply Wall St News

Should You Like Subros Limited’s (NSE:SUBROS) High Return On Capital Employed?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Author Edwin Whiting says to be careful when comparing the ROCE of different businesses, since 'No two businesses are exactly alike.' How Do You Calculate Return On Capital Employed? … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Subros: 0.20 = ₹1.5b ÷ (₹14b - ₹6.4b) (Based on the trailing twelve months to March 2019.) So, Subros has an ROCE of 20%.

Simply Wall St -

Despite Its High P/E Ratio, Is Subros Limited (NSE:SUBROS) Still Undervalued?

The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Subros: P/E of 22.28 = ₹275.65 ÷ ₹12.37 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … The P/E ratio indicates whether the market has higher or lower expectations of a company. … NSEI:SUBROS Price Estimation Relative to Market, May 27th 2019 Its relatively high P/E ratio indicates that Subros shareholders think it will perform better than other companies in its industry classification.

Simply Wall St -

If You Like EPS Growth Then Check Out Subros (NSE:SUBROS) Before It's Too Late

See our latest analysis for Subros Subros's Earnings Per Share Are Growing. … One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. … You can take a look at the company's revenue and earnings growth trend, in the chart below.

Simply Wall St -

Do Insiders Own Lots Of Shares In Subros Limited (NSE:SUBROS)?

The big shareholder groups in Subros Limited (NSE:SUBROS) have power over the company. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … With a market capitalization of ₹19b, Subros is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Is Subros Limited (NSE:SUBROS) A Smart Choice For Dividend Investors?

Is Subros Limited (NSE:SUBROS) a good dividend stock? How would you know? A dividend paying company with growing earnings can be rewarding in the long term.. … Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations.. … Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1

Simply Wall St -

Subros's (NSE:SUBROS) Wonderful 850% Share Price Increase Shows How Capitalism Can Build Wealth

Then look at the Subros Limited (NSE:SUBROS) share price. … During five years of share price growth, Subros achieved compound earnings per share (EPS) growth of 24% per year. … This EPS growth is slower than the share price growth of 57% per year, over the same period.

Simply Wall St -

Subros Limited (NSE:SUBROS): The Best Of Both Worlds

Subros Limited (NSE:SUBROS) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of SUBROS, it

Simply Wall St -

Are Subros Limited's (NSE:SUBROS) Interest Costs Too High?

Subros Limited (NSE:SUBROS) is a small-cap stock with a market capitalization of ₹16b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is

Simply Wall St -

Our Take On Subros Limited's (NSE:SUBROS) CEO Salary

Shradha Marwah has been the CEO of Subros Limited (NSE:SUBROS) since 2008. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Shradha Marwah's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Subros Limited (NSE:SUBROS) Earns Among The Best Returns In Its Industry

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

SUBROS Company Info

Description

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 AC systems, such as heaters, evaporators, and blower units; tubes and hoses; bus ACs; driver cabin ACs for railway engines; transport refrigeration systems; truck cabin AC systems; off-roader AC systems; and AC systems for defense vehicles. Subros Limited was founded in 1985 and is headquartered in New Delhi, India.

Details
Name: Subros Limited
SUBROS
Exchange: NSEI
Founded: 1985
₹16,116,492,037
65,235,750
Website: http://www.subros.com
Address: Subros Limited
LGF, World Trade Centre,
Barakhamba Lane,
New Delhi,
Delhi, 110001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 517168 Equity Shares Mumbai Stock Exchange IN INR 05. Jul 1994
NSEI SUBROS Equity Shares National Stock Exchange of India IN INR 05. Jul 1994
Number of employees
Current staff
Staff numbers
0
Subros employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 12:55
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/23
Last earnings filing: 2019/05/21
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.