Subros Ltd (SUBROS) — shareholding pattern, promoter holding, financials and share price

About Subros Ltd (SUBROS)

Subros Ltd operates in the Other Industrial Products industry, within the Capital Goods sector. It trades on the NSE as SUBROS and on the BSE under scrip code 517168. Its ISIN is INE287B01021.

Subros Limited was incorporated in 1985 as a joint venture public limited company with Suri family of India (36.79% ownership), Denso Corporation, Japan (20% ownership) & Suzuki Motor Corporation, Japan (11.96% ownership). It is engaged in the business of manufacturing and supplying Auto Air Conditioning products for all major Automakers in Passenger and Commercial Vehicle Space. It has a technical collaboration with Denso Corporation [1]

Subros Limited is India's largest manufacturer of thermal products for automotive applications and home air-conditioning systems, with significant joint ventures with Denso and Suzuki.

Subros reported a record revenue of INR 947.68 crore in Q3 2025-26, marking a 15.43% increase year-over-year, supported by rising demand in the commercial vehicle segment post-mandatory AC regulations.

Listed peers in Other Industrial Products: Esab India Ltd, KRN Heat Exchanger and Refrigeration Ltd, Kirloskar Industries Ltd, Harsha Engineers International Ltd, Ador Welding Ltd, Diffusion Engineers Ltd.

Valuation & Returns

10 Jul 2026

At ₹821.95 a share on 10 Jul 2026, Subros Ltd (SUBROS) was valued at a price-to-earnings ratio of 32.37x against an industry P/E of 37x and a price-to-book of 4.9x on a book value of ₹167.72 per share as of Mar 2025. Solomo computes return on equity of 15.14% and return on capital employed of 20.24% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.

P/E
32.37x
Industry P/E
37x
P/B
4.9x
EPS (TTM)
₹25.39
Book value / share
₹167.72
ROE
15.14%
ROCE
20.24%
ROA
8.91%
Debt / equity
0.04x
Dividend yield
0.32%
EBITDA margin
9.45%
52-week range
₹621.3 – ₹1,212.4

Ratios are computed from filed results and the last recorded price. Not investment advice.

Financial Performance

Mar 2026

In the year ended Mar 2026, Subros Ltd (SUBROS) reported revenue of ₹3,756 crore, net profit of ₹166 crore and earnings per share of ₹25.39. That compares with revenue of ₹3,368 crore and net profit of ₹151 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.

In the quarter ended Mar 2026, revenue was ₹1,050 crore and net profit ₹49 crore (consolidated).

Consolidated annual results for Subros Ltd (SUBROS), Mar 2022 to Mar 2026. Revenue and net profit in ₹ crore; EPS in ₹ per share.
MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue (₹ cr)2,2392,8063,0713,3683,756
Net profit (₹ cr)324898151166
EPS (₹)4.987.3514.9623.0825.39
Compound annual growth for Subros Ltd (SUBROS). Stock price CAGR is price return and excludes dividends.
Measure10Y5Y3Y1Y
Sales growth9.54%11.06%14.58%9.67%
Profit growth22.62%12.21%66.51%54.21%
Stock price CAGR24%19%22%-12%

Ownership Summary

Jun 2026

As of Jun 2026, promoters hold 36.79% of Subros Ltd (SUBROS) (unchanged from the previous quarter), foreign institutional investors (FII) hold 32.69% and domestic institutional investors (DII) hold 10.7%. Market capitalisation was ₹5,362 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2002.

Largest disclosed public shareholders in Jun 2026: DENSO CORPORATION 20%, SUZUKI MOTOR CORPORATION 11.96%, KOTAK MAHINDRA MUTUAL FUND 5.03%, RESPONSIBLE HOLDING PRIVATE LIMITED 2.69%, UTI MUTUAL FUND 2.13%, CANARA ROBECO MUTUAL FUND 1.57%. Only stakes above the 1% disclosure threshold are named in filings.

QuarterPromoterPledgedFIIDIIPublic
Jun 202636.79%-32.69%10.7%63.21%
Mar 202636.79%-32.79%10.77%63.21%
Dec 202536.79%-32.78%11.05%63.21%
Sep 202536.79%-33.13%11.3%63.21%
Jun 202536.79%-32.93%11.32%63.21%
Mar 202536.79%-32.8%11.18%63.21%
Dec 202436.79%-32.81%10.72%63.21%
Sep 202436.79%-33.05%10.67%63.21%
Every quarter since Mar 2002 Filing data, not investment advice.