Subros Ltd

Subros Ltd

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OVERVIEW
FINANCIALS
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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.

Incorporation Year: 1985
Headquarters: New Delhi, India
Top Management: MD-Shradha Suri Marwah
Industry: Auto Ancillaries

Featured In Fortune India Ranking

#481(2020)
Next 500 India
#90(2024)#67(2023)#24(2022)#4(2020)#18(2019)#69(2018)#138(2017)#153(2016)#204(2015)
#90(2024)#67(2023)#24(2022)#4(2020)#18(2019)#69(2018)#138(2017)#153(2016)#204(2015)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
3,097
(INR Cr)
Net Operating Income
3,071
(INR Cr)
Assets
974
(INR Cr)
Profit
98
(INR Cr)
Net Worth
956
(INR Cr)

Fortune India Coverage

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
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)
1271116364241484239373626151615
Cash & Bank Balance
(INR Cr)
12288119119919020488111112201311
Total Debt
(INR Cr)
5193352155244385404390420414350342218154135

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
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 0.010.020.040.070.210.360.951.161.161.321.371.221.270.950.740.73
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%