Subros Ltd
Auto Parts & Equipment
FV – Rs 2; 52wks H/L –113.8/51; TTQ – 63 K; CMP – Rs 109(As On December 22nd 2015; ) ;
Market Cap – Rs 657 Crs
Standalone Financials and Valuations for H1 FY16 (Amt in Rs.Crs unless specified)
Equity Capital |
Net worth |
Long Term Debt | Total Sales |
PAT | BV (Rs) |
TTM EPS (Rs) |
TTM P/E |
Industry P/E |
P/BV |
Promoter’s Stake |
Beta |
| 12 | 327 |
200 |
618 | 9 | 55 | 5.08 | 21.5 | 26.54 | 2 | 40.01 | 1.3 |
Consolidated Financials and Valuations for FY15 (Amt in Rs Crs unless specified)
Equity Capital |
Net worth |
Long Term Debt | Total Sales |
PAT | BV (Rs) |
EPS (Rs) |
P/E |
Industry P/E |
P/BV |
Promoter’s Stake |
Beta |
| 12 | 317 | 214 | 1203 | 20 | 53 | 3.3 | 33.03 | 26.54 | 2.1 | 40.01 | 1.3 |
Overview:
Subros Limited is a manufacturer of thermal products for automotive applications in India. The Company manufactures compressors, heating, ventilation and air conditioning (HVACs), piping and heat exchangers to suit various vehicle configurations. The Company’s product range spans across auto air-conditioning and engine cooling systems for passenger, as well as commercial vehicles. The Company provides a range of bus air conditioners and transport refrigeration solutions. The Company’s air conditioners range from 4 kilowatt to 36 kilowatt capacity suitable for ambulances and buses of 4 meters to 12 meters. The Company’s transport refrigeration solutions are suitable for storage volume up to 50 cubic meters. The Company has developed import substitute for driver cabin air conditioning for diesel locomotives of railway engines.
Management:
- Mr. Ramesh Suri – Chairman
- Ms. Shradha Suri – MD
Major Non-Promoter Holdings:
| Sr.No | Non – Promoters | No. of Shares held | % of shares held |
| 1 | Denso Corporation | 7800000 | 13 |
| 2 | Suzuki Motors Corporation | 7800000 | 13 |
| 3 | Sejal Rikeen Dalal | 700000 | 1.17 |
| Total | 16300000 | 27.17 |
Consolidated Financial Trends (In Rs.Crs) :
| Particulars | FY15 | FY14 | FY13 | FY12 | FY11 |
| Equity Paid Up | 12 | 12 | 12 | 12 | 12 |
| Networth | 317 | 302 | 286 | 271 | 230 |
| Total Debt | 333 | 334 | 293 | 304 | 217 |
| Net Sales | 1203 | 1178 | 1288 | 1132 | 1095 |
| Other Income | 1 | 2 | 11 | 12 | 3 |
| PAT | 20 | 21 | 20 | 48 | 29 |
| Book Value (Rs) | 53 | 50 | 48 | 45 | 38 |
| EPS (Rs) | 3.33 | 3.50 | 3.33 | 8.00 | 4.83 |
