Subros Limited

NSE: SUBROS · Capital Goods

₹603.25+0.03%06 Nov 2026

Ask the data

Instant answers about Subros Limited — computed from its filings, no language model

Market cap₹3,936 cr

Current price₹603.25

High / Low₹1,106 / ₹576

P/E23.1

P/B3.01

Book value₹200.7

ROE13.0%

ROCE16.8%

Debt / equity0.08

Dividend yield0.43%

EPS (TTM)₹26.09

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,993	1,796	2,239	2,806	3,071	3,368	3,756
EBITDA	189	154	149	168	254	322	324
Operating margin	9.5%	8.6%	6.6%	6.0%	8.3%	9.6%	8.6%
Interest	36	16	11	7	12	11	10
Depreciation	90	92	102	110	117	128	125
Profit before tax	124	56	45	71	141	203	220
Tax	39	9	13	23	43	53	55
Net profit	0	0	32	48	98	151	166
EPS ₹	13.00	7.26	4.98	7.35	14.96	23.07	25.39
Operating cash flow	—	—	151	141	165	175	105
Capex	—	—	106	132	120	118	150
Dividend paid	—	—	5	5	7	12	17
Total assets	—	—	—	1,543	1,651	1,859	2,134
Equity	—	—	—	867	956	1,094	1,244

Quarterly performance

last 30 quarters · ₹ crore

showing latest 8 of 30 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	572	496	466	458	74	458	604	660	480	529	548	681	709	695	655	748	693	813	732	832	810	828	821	908	878	880	948	1,050	1,032	1,199
Operating profit	55	44	48	42	-30	53	66	64	27	35	40	47	43	40	34	51	47	70	60	77	77	76	76	93	82	68	81	92	81	84
Operating margin	9.6%	8.9%	10.4%	9.1%	-40.5%	11.7%	11.0%	9.7%	5.6%	6.6%	7.3%	7.0%	6.1%	5.7%	5.1%	6.8%	6.8%	8.6%	8.1%	9.3%	9.5%	9.2%	9.2%	10.2%	9.3%	7.8%	8.6%	8.8%	7.8%	7.0%
Other income	2	7	2	9	1	4	3	2	5	2	0	2	2	4	8	6	2	3	7	4	3	6	5	6	6	20	6	8	6	7
Interest	14	9	8	5	5	6	3	3	3	4	2	2	1	2	2	2	2	3	4	4	3	2	3	3	2	2	3	2	3	2
Depreciation	22	23	23	23	19	24	25	24	24	26	26	27	27	28	28	28	27	29	28	32	31	32	32	34	31	31	32	31	29	29
Profit before tax	63	19	20	22	-53	28	42	39	5	7	12	21	17	14	12	27	20	42	34	45	47	49	46	62	54	54	44	67	56	60
Tax	21	6	6	6	-29	10	14	14	2	3	4	4	6	5	4	8	6	15	7	15	12	12	13	16	14	14	10	17	14	15
Net profit	0	13	0	0	0	0	0	0	0	0	0	17	0	10	8	18	14	27	27	30	35	0	33	46	41	41	35	49	42	45
EPS ₹	6.36	2.05	2.04	2.55	-3.68	2.72	4.20	4.02	0.51	0.76	1.16	2.55	1.79	1.49	1.26	2.81	2.08	4.10	4.12	4.66	5.36	5.58	5.05	7.08	6.26	6.24	5.33	7.56	6.36	6.85
Revenue YoY	—	—	—	—	-87.1%	-7.7%	29.7%	43.9%	551.3%	15.6%	-9.3%	3.2%	47.5%	31.3%	19.5%	9.8%	-2.2%	17.0%	11.9%	11.1%	16.8%	1.8%	12.1%	9.3%	8.5%	6.2%	15.4%	15.6%	17.5%	36.3%
Profit YoY	—	—	—	—	—	-100.0%	—	—	—	—	—	—	—	—	—	9.8%	—	175.0%	225.2%	66.5%	158.0%	-100.0%	22.6%	51.8%	16.7%	—	5.6%	6.8%	1.7%	9.6%

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Subros Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	695	907	1,091	1,118	1,272	1,171	1,197	1,307	1,549	1,970	2,124
Operating profit	64	94	89	110	122	131	137	152	167	210	228
Operating margin	9.1%	10.4%	8.2%	9.8%	9.6%	11.2%	11.4%	11.6%	10.8%	10.7%	10.7%
Other income	1	—	—	—	11	2	1	2	3	7	10
Interest	15	16	—	27	36	37	39	42	42	41	42
Depreciation	32	39	41	53	73	77	79	86	88	92	79
Profit before tax	19	39	31	59	25	19	20	26	9	82	114
Tax	5	12	3	10	4	-1	0	2	-5	22	38
Net profit	13	28	28	48	21	20	20	24	14	61	76

Quarters

showing latest 8 of 47 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	157	160	188	175	168	136	216	210	218	229	250	234	279	274	304	253	241	254	369	319	279	327	348	280	286	278	327	287	323	281	307	295	323	329	360	324	437	373	415	471	497	449	552	532	564	511	518
Operating profit	19	21	24	21	15	13	16	18	23	26	26	21	19	21	28	26	19	22	42	29	27	34	33	29	28	29	45	30	36	31	39	33	39	39	40	33	47	42	46	44	54	48	64	57	59	57	55
Operating margin	12.3%	12.9%	13.0%	11.7%	8.8%	9.3%	7.2%	8.7%	10.7%	11.4%	10.6%	9.2%	6.9%	7.6%	9.1%	10.3%	8.1%	8.6%	11.5%	9.0%	9.5%	10.4%	9.5%	10.5%	9.6%	10.5%	13.8%	10.4%	11.3%	11.2%	12.7%	11.3%	12.0%	12.0%	11.2%	10.1%	10.7%	11.2%	11.0%	9.4%	10.9%	10.6%	11.5%	10.7%	10.5%	11.1%	10.6%
Other income	0	0	0	0	0	0	0	—	—	0	—	—	—	—	0	—	—	—	0	0	0	0	10	0	0	0	1	2	0	-1	-0	0	0	1	1	3	0	-0	0	1	3	4	-0	4	6	-2	2
Interest	3	3	3	3	2	5	5	5	4	4	3	4	4	4	—	6	6	8	8	9	9	9	9	9	8	9	11	8	10	10	10	10	10	12	10	10	10	10	11	9	10	10	11	14	13	8	7
Depreciation	8	8	9	7	8	7	10	10	10	10	10	9	10	10	11	11	11	12	19	17	17	18	20	19	18	19	21	20	21	17	20	20	22	22	23	23	22	21	22	21	23	24	24	19	20	20	21
Profit before tax	9	10	13	11	5	1	1	4	10	12	13	8	5	7	12	9	2	2	45	3	1	7	14	2	1	2	14	3	6	3	8	4	7	7	9	-2	3	2	6	13	23	18	28	25	32	28	29
Tax	3	3	4	3	1	0	0	1	3	4	4	1	-0	1	1	1	-1	0	9	-0	-2	1	5	-1	-2	-0	2	-0	0	-1	1	0	1	1	1	-1	-2	-1	-1	3	8	1	9	6	8	11	13
Net profit	6	7	9	8	4	1	1	3	7	9	9	7	5	6	11	8	3	2	35	3	3	6	9	3	3	2	12	3	6	4	7	4	6	6	8	-1	4	3	7	11	15	16	19	19	24	17	16
EPS ₹	6.36	1.19	1.48	1.31	0.61	0.14	0.13	0.55	1.11	1.46	1.50	1.19	0.81	0.92	1.83	1.34	0.52	0.35	5.87	0.44	0.45	1.07	1.48	0.49	0.52	0.29	2.09	0.55	0.96	0.64	1.24	0.67	1.02	1.00	1.31	-0.13	0.72	0.54	1.21	1.75	2.51	2.74	3.10	3.15	3.97	2.80	2.44
Revenue YoY	—	—	—	—	7.2%	-15.0%	14.9%	19.8%	29.8%	67.9%	15.8%	11.6%	27.6%	19.8%	21.9%	8.1%	-13.5%	-7.2%	21.3%	25.8%	15.6%	28.6%	-5.8%	-12.1%	2.7%	-15.1%	-5.9%	2.4%	12.8%	1.3%	-6.3%	2.9%	0.1%	17.0%	17.4%	9.9%	35.5%	13.4%	15.2%	45.3%	13.6%	20.3%	33.1%	12.8%	13.5%	13.8%	-6.2%
Profit YoY	—	—	—	—	-42.8%	-88.3%	-91.2%	-58.3%	81.5%	941.7%	1056.4%	117.1%	-27.1%	-36.9%	21.5%	12.5%	-35.9%	-62.5%	221.2%	-66.9%	-14.7%	209.2%	-74.8%	9.8%	16.5%	-72.7%	41.1%	13.1%	84.8%	120.6%	-40.5%	21.9%	7.3%	55.7%	5.5%	-119.0%	-30.1%	-45.6%	-7.9%	—	250.7%	402.4%	157.1%	79.9%	57.9%	4.6%	-12.9%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	3.1%	4.1%	4.2%	5.7%	7.4%	9.5%	10.2%	12.5%	9.1%	9.7%	10.4%	11.0%	13.9%	14.0%	13.3%	13.4%	13.0%
ROCE	—	—	—	—	—	—	—	—	—	—	8.4%	8.4%	8.8%	9.1%	11.5%	14.1%	15.9%	18.9%	18.3%	19.4%	19.6%	20.3%	19.2%	19.1%	18.0%	18.1%	16.8%
Net margin	0.7%	0.9%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.7%	0.7%	1.0%	1.3%	1.3%	1.8%	2.3%	2.9%	3.2%	3.7%	2.9%	3.0%	3.4%	3.5%	4.6%	4.5%	4.4%	4.3%	4.0%
EBITDA margin	9.5%	7.0%	7.8%	8.3%	8.6%	9.6%	8.4%	7.4%	6.6%	6.7%	6.5%	6.0%	6.0%	6.1%	6.9%	7.6%	8.3%	8.9%	9.1%	9.3%	9.6%	9.5%	9.1%	9.0%	8.6%	8.3%	8.0%
Debt / equity	—	—	—	—	—	—	—	—	—	—	0.02	0.02	0.02	0.02	0.04	0.04	0.00	0.00	0.01	0.01	0.00	0.00	0.02	0.02	0.02	0.02	0.08
Interest coverage	4.41	1.32	1.73	3.07	4.43	8.98	8.63	6.52	5.13	7.03	9.37	10.56	11.43	11.51	13.83	13.15	13.05	14.17	14.82	16.51	18.72	19.74	20.89	21.48	23.86	23.53	23.42
Asset turnover	—	—	—	—	—	—	—	—	—	—	1.72	1.79	1.82	1.81	1.73	1.77	1.86	1.93	1.80	1.84	1.81	1.85	1.74	1.81	1.76	1.83	1.75

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	13	13	13	13	13	13	13	13	13
Other equity / reserves	828	854	886	943	1,002	1,081	1,145	1,231	1,297
Total equity	841	867	899	956	1,015	1,094	1,158	1,244	1,310
Borrowings	19	13	38	0	11	0	24	30	99
Current liabilities	637	620	718	626	703	697	735	762	950
Non-current liabilities	50	56	67	69	66	67	107	128	157
Total assets	1,528	1,543	1,684	1,651	1,784	1,859	2,001	2,134	2,417
Property, plant & equipment	572	552	548	587	574	556	563	568	567
Capital work-in-progress	18	56	71	41	37	50	31	53	143
Investments	30	25	5	5	30	116	68	143	115
Inventories	348	339	366	375	418	374	457	451	518
Receivables	182	208	337	283	377	451	491	576	690
Cash & equivalents	34	31	29	39	49	36	18	12	24

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	151	141	165	175	105
Cash from investing	-100	-145	-91	-165	-137
Cash from financing	-53	4	-65	-13	7
Capex	106	132	120	118	150
Free cash flow	45	8	45	57	-44
Dividends paid	5	5	7	12	17

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹567 cr23%

CWIP

₹143 cr6%

Investments

₹115 cr5%

Inventories

₹518 cr21%

Receivables

₹690 cr29%

Cash & equivalents

₹24 cr1%

Other assets

₹360 cr15%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
Subros Limited	3,936	603.25	23.1	3.01	13.0%

StoxGud checklist: Bearish setup · 3/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-10.7%

6 months-25.1%

1 year-45.7%

3Y CAGR+14.7%

5Y CAGR+9.7%

10Y CAGR+13.8%

50-day avg₹672.69

200-day avg₹741.82

RSI (14)34

FAQs

What is the share price of Subros Limited?

Subros Limited (SUBROS) closed at ₹603.25 on NSE on 06 Nov 2026.

What is the market cap of Subros Limited?

₹3,936 crore at the latest close.

What is the P/E ratio of Subros Limited?

23.1, on trailing-twelve-month earnings from its filings.

How fast is Subros Limited growing?

Subros Limited: revenue has compounded at 10.2% a year over three years; net profit at 51.2% a year. Latest-quarter revenue is up 36.3% year on year, profit up 9.6%.

How profitable is Subros Limited?

On a trailing-twelve-month basis return on equity is 13.0%, return on capital employed 16.8%, operating margin 8.0%, net margin 4.0%.

How much debt does Subros Limited have?

Subros Limited is lightly geared: debt to equity is 0.08 with borrowings of ₹99 cr against cash of ₹24 cr (balance sheet of 2026-09-30). Operating profit covers interest 23.4 times.

Financials parsed from Subros Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.