Subros Ltd
About
Subros Limited is one of India’s leading manufacturers of thermal products for the automotive and HVAC (heating, ventilation, and air conditioning) industries. Subros is a joint venture between Indian promoters, Denso Corporation and Suzuki Motor Corporation, with the promoters holding the majority stake. The company specialises in the design and production of compressors, condensers, engine cooling modules, heat exchangers, and other essential components for AC systems. Subros boasts a prominent clientele that includes Nissan, Ashok Leyland, Maruti Suzuki and Mahindra & Mahindra, among others. Employing a workforce of over 3000 people, Subros operates 8 manufacturing units across India, supported by an R&D and application engineering centre in Noida.
Featured In Fortune India Ranking
Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 3097 10.0% | 2814 23.9% | 2272 24.8% | 1820 -11.5% | 2055 -3.8% | 2136 11.2% | 1920 11.6% | 1721 31.0% | 1314 9.7% | 1197 1.6% | 1178 -9.0% | 1294 11.6% | 1160 4.7% | 1107 21.3% | 913 31.6% | 694 - |
| Net Operating Income (INR Cr) | 3071 9.42% | 2806 25.36% | 2239 24.67% | 1796 -9.89% | 1993 -6.20% | 2124 11.06% | 1913 24.62% | 1535 17.11% | 1311 9.05% | 1202 2.19% | 1176 -7.86% | 1277 13.93% | 1121 2.57% | 1092 20.56% | 906 30.57% | 694 4.73% |
| Profit (INR Cr) | 98 103.7% | 48 47.5% | 32 -31.4% | 47 -44.1% | 85 11.3% | 76 25.9% | 61 359.5% | 13 -45.0% | 24 19.6% | 20 -3.8% | 21 2.6% | 20 -57.6% | 48 66.7% | 29 1.0% | 28 114.1% | 13 - |
| Assets (INR Cr) | 974 8.4% | 899 3.6% | 868 1.2% | 858 -6.5% | 918 -1.4% | 930 17.5% | 792 5.2% | 753 3.3% | 729 -1.5% | 740 3.0% | 719 12.5% | 638 3.8% | 615 36.6% | 450 24.6% | 361 13.4% | 319 - |
| Net Worth (INR Cr) | 956 10.2% | 867 5.3% | 824 3.6% | 795 5.7% | 752 10.6% | 680 68.1% | 404 16.4% | 347 3.7% | 335 5.7% | 317 5.0% | 302 5.5% | 286 5.7% | 271 17.4% | 230 11.1% | 207 12.8% | 184 5.6% |
| Employee Cost (INR Cr) | 284 14.7% | 248 9.1% | 227 21.1% | 188 -9.5% | 207 0.3% | 207 9.7% | 188 22.4% | 154 19.3% | 129 12.7% | 114 10.3% | 104 1.1% | 103 18.7% | 86 33.5% | 65 20.1% | 54 22.0% | 44 - |
| Interest Cost (INR Cr) | 12 | 7 | 11 | 16 | 36 | 42 | 41 | 48 | 42 | 39 | 37 | 36 | 26 | 15 | 16 | 15 |
| Cash & Bank Balance (INR Cr) | 122 | 88 | 119 | 119 | 91 | 90 | 20 | 4 | 8 | 8 | 11 | 11 | 12 | 20 | 13 | 11 |
| Total Debt (INR Cr) | 5 | 19 | 33 | 52 | 155 | 244 | 385 | 404 | 390 | 420 | 414 | 350 | 342 | 218 | 154 | 135 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 3.2% | 1.7% | 1.4% | 2.6% | 4.1% | 3.6% | 3.2% | 0.8% | 1.8% | 1.7% | 1.8% | 1.6% | 4.1% | 2.6% | 3.1% | 1.9% |
| Profit As % Of Assets | 10.0% | 5.3% | 3.7% | 5.5% | 9.2% | 8.2% | 7.7% | 1.8% | 3.3% | 2.7% | 2.9% | 3.2% | 7.8% | 6.4% | 7.9% | 4.2% |
| Profit As % Of Networth | 10.2% | 5.5% | 3.9% | 6.0% | 11.3% | 11.2% | 15.0% | 3.8% | 7.1% | 6.3% | 6.9% | 7.1% | 17.7% | 12.4% | 13.7% | 7.2% |
| Interest Cost to EBITDA % | 4.6% | 4.1% | 7.3% | 10.6% | 19.2% | 18.8% | 19.8% | - | 27.4% | 28.4% | 28.1% | 29.4% | 26.9% | 20.7% | 17.2% | 23.2% |
| Debt to Equity Ratio | 0.01 | 0.02 | 0.04 | 0.07 | 0.21 | 0.36 | 0.95 | 1.16 | 1.16 | 1.32 | 1.37 | 1.22 | 1.27 | 0.95 | 0.74 | 0.73 |
| RONW | 10.7% | 5.7% | 4.0% | 6.1% | 7.8% | 14.1% | 16.1% | 10.7% | 7.3% | 6.5% | 7.1% | 7.3% | 11.8% | 13.1% | 14.5% | 7.4% |
| ROCE | 16.3% | 8.8% | 6.5% | 8.2% | 12.9% | 18.2% | 16.0% | 11.8% | 9.3% | 8.1% | 8.4% | 9.6% | 10.3% | 11.7% | 16.4% | 10.9% |