āagman

Not investment advice. Data and computed figures, for information only.

Subros Ltd

NSE: SUBROS
₹670.25
−₹9.50 (−1.40%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹4,415 Cr
CMP
₹670.25
52-wk High / Low
₹1,161 / 622
P/E
25.7
P/B
3.5
Book Value
₹191.0
Div Yield
0.44%
ROCE
19.0%
ROE
14.5%
Face Value
₹2
D/E
0.06

Price−40.2% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹330
√(22.5 × EPS × book value per share)
ROIC
11.4%
vs 12.3% sector median
Cash flow to profit
0.63
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−149
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
12.9%
ROE × earnings retention ratio
ROE stability
4.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.11DII −0.06
Latest quarter vs the previous one
Cash-accrual divergence
3.1%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 80.8% since FY2016 (390 to 75)
+PE of 25.7x is below the sector median of 43.6x
Watch-outs
−Price trades below its 200-day moving average (0.9x)
−Price is 42.3% below its 52-week high
−Piotroski F-Score of 3/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6938137328328108288219088788809481,0501,032
Expenses646743673755733752745816796811866958951
Operating Profit47706077777676938268819281
OPM %6.8%8.6%8.2%9.3%9.5%9.2%9.3%10.2%9.3%7.7%8.5%8.8%7.8%
Other Income23743656620−286
Interest2344323322323
Depreciation27292832313232343131323129
Profit before tax20423445474946625555456656
Net Profit14272730353633464141354942
EPS (₹)2.084.104.124.665.365.585.057.086.266.255.337.566.36

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,1921,2981,5351,9132,1241,9931,7962,2392,8063,0713,3683,7563,909
Expenses1,0551,1461,3671,7031,8961,8041,6422,0892,6382,8153,0453,4303,587
Operating Profit137152168210229189154149168255323325323
OPM %11.5%11.7%10.9%11.0%10.8%9.5%8.6%6.7%6.0%8.3%9.6%8.7%8.3%
Other Income12−2466621192014203031
Interest3942484142361611712111010
Depreciation79878892799092102110117128125123
Profit before tax2026882114124564571141204220221
Net Profit20241361768547324898151166166
EPS (₹)3.343.992.2010.1011.6913.007.264.987.3514.9623.0825.3925.50

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital121212121313131313131313—
Reserves3053233353926677397828118549431,0811,231—
Borrowings420390404385244155523319354175—
Other Liabilities236276373508456482602648657661724815—
Total Liabilities9731,0011,1251,2971,3801,3881,4491,5051,5431,6511,8592,134—
Fixed Assets537563497670690765745726723745719730—
CWIP8854149908666546186807979—
Investments00122155255116143—
Other Assets3483844775366035556467127098219451,182—
Total Assets9731,0011,1251,2971,3801,3881,4491,5051,5431,6511,8592,134—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity141151111315100239154151141166175105
Cash from Investing Activity−94−69−75−231−126−93−58−100−145−92−165−137
Cash from Financing Activity−48−82−35−7217−148−68−534−65−137
Net Cash Flow−10113−8−328−1−18−3−25

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %8.09.012.016.019.013.08.07.09.016.020.019.0
ROE %———————————14.5
EPS (₹)3.343.992.2010.1011.6913.007.264.987.3514.9623.0825.39
Book Value (₹)———————————191.0
Face Value (₹)———————————2
P/E———————————25.7
Div Yield %———————————0.44
NPM %1.71.80.93.23.64.12.61.41.73.24.54.4
OPM %11.012.011.011.011.09.09.07.06.08.010.09.0
D/E1.321.161.160.950.360.210.070.040.020.040.040.06
P/B———————————3.5

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+11.0%
5 years+16.0%
3 years+10.0%
TTM+14.0%
Compounded profit growth
10 years+22.0%
5 years+29.0%
3 years+53.0%
TTM+10.0%
Stock price CAGR
10 years+18.0%
5 years+12.0%
3 years+20.0%
Last year−40.0%
Return on equity
10 years10.0%
5 years10.0%
3 years13.0%
Last year14.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters40.01%40.01%40.01%36.79%36.79%36.79%36.79%36.79%36.79%36.79%36.79%36.79%
FIIs0.14%0.14%0.43%0.57%0.62%1.05%0.70%32.62%32.83%32.80%32.79%32.68%
DIIs6.11%6.11%6.63%6.56%8.41%10.65%12.40%13.30%9.96%11.18%10.76%10.70%
Government0.00%0.00%0.33%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public53.74%53.74%52.61%56.09%54.19%51.51%50.11%17.28%20.42%19.22%19.65%19.81%
No. of shareholders54,82754,82742,72021,95422,10128,83225,48722,38153,98147,84854,70856,225
Change since Jun 2023 (pp)
Promoters −3.22FIIs +32.54DIIs +4.59Public −33.93

Documents

As of 11 Oct 2026
Announcements
Closure of Trading WindowShareholder Meeting / Postal Ballot-Scrutinizer''s ReportShareholder Meeting / Postal Ballot-Outcome of AGMAnnouncement under Regulation 30 (LODR)-Newspaper PublicationLetter Providing Web-Link Of Annual Report And AGM Notice Under Regulation 36(1)(B) For F.Y 2025-26
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPTNov 2025RecordingAug 2025TranscriptAug 2025PPTAug 2025Recording

Corporate actions

As of 11 Sep 2026
11 Sep 2026DIVIDENDDividend - Rs 3 Per Share—
11 Sep 2025DIVIDENDDividend - Rs 2.60 Per Share—
11 Sep 2024DIVIDENDAnnual General Meeting/Dividend - Re 1.8 Per Share—
22 Aug 2023DIVIDENDAnnual General Meeting/Dividend - Re 1 Per Share—
28 Jul 2022DIVIDENDAnnual General Meeting/Dividend - Rs 0.70 Per Share—
6 Sep 2021DIVIDEND Dividend - Rs 0.70 Per Share—
7 Sep 2020DIVIDEND Dividend - Rs 0.80 Per Share—
31 Jul 2019DIVIDEND Dividend Rs - 1.30 Per Share—
26 Jul 2018DIVIDEND Annual General Meeting/Dividend- Rs 1.10 Per Share—
7 Sep 2017DIVIDEND Annual General Meeting/Dividend - Re 0.50 Per Share—
28 Jul 2016DIVIDEND Annual General Meeting/Dividend Re 0.80 Per Share—
16 Jul 2015DIVIDENDAnnual General Meeting/Dividend - Re 0.70/- Per Share—
17 Jul 2014DIVIDENDAnnual General Meeting / Dividend - Re 0.70/- Per Share—
18 Jul 2013DIVIDENDAnnual General Meeting And Dividend Re.0.70 Per Share—
19 Jul 2012DIVIDENDAnnual General Meeting And Dividend - Rs.1.10 Per Share—
8 Sep 2011DIVIDENDAnnual General Meeting And Dividend Re.0.80 Per Share—
8 Sep 2010DIVIDENDAnnual General Meeting And Dividend Re.0.70 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman