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← CockpitCompetitor Analysis › SUBROS.NS Subros LimitedOpen in the cockpit ↗

Subros LimitedSUBROS.NSCompetitor analysis, valuation and peers

India · INR·Capital Goods›Industrial Machinery
Momentum laggard 7
Mkt cap
$416M
US dollars, full cap
Free float
25%
of shares outstanding
$/day
$904,513
20-day average traded
Fwd P/E
21.5×
forward earnings
ROIC−WACC
-5.0 pp
WACC 17.1%
Hurdle
n/a
no reverse DCF
Next earnings
83 days
28 Jan 2027
Close · INR₹603.25
1D0.0%
1W+4.7%
1M-10.7%
3M-27.0%
6M-25.1%
YTD-30.3%
1Y-45.4%
ATR %4.6%
Beta1.40
52w lowhigh46.3% off high

What Subros does

Employees: 6,545

Subros at a glance

Size Subros (SUBROS.NS) is an India Industrials company (Industrial Machinery) with a market value of $416M, the 925th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹603.25 on 6 Nov 2026.

Performance Over six months the shares fell 25.1%, against -24.8% for the median peer and 0.0% for the India market (cap-weighted) — 10th lowest of 20 in its peer set.

Growth Revenue grew 13.8% over the last twelve months (peer median +14.1%); the operating margin is 5.1% (peer median 5.4%).

Valuation It trades at 21.5× forward earnings against a peer median of 12.3× (3rd most expensive of 7).

Capital Return on invested capital runs 5.0 points below its cost of capital (17.1% WACC).

Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 76SUBROS.NS 75
Six months, rebased to 100: Subros against the median of its 20 peers (local-currency closes).

Subros financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹39.1B₹37.6B₹33.7B₹30.7B₹28.1B
Revenue growth—+12%+10%+9%—
Gross profit₹5.42B₹3.79B₹3.53B₹2.80B₹1.81B
EBITDA₹3.23B₹3.28B₹3.25B₹2.56B₹1.70B
Net income₹1.66B₹1.66B₹1.51B₹976M₹479M
Free cash flown/a-₹459M₹531M₹390M-₹226M
Capital expendituren/a₹1.50B₹1.18B₹1.20B₹1.32B
Total debtn/a₹300M₹6.85M₹48.6M₹187M

Quarterly statements and history in the cockpit →

Subros competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-40%-20%0%+20%5946301255300897002877693330139961430907108027195870301309ZIL26381300172300904SUBROS.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Subros is the large dot.

Fundamentals: revenue growth against valuation

0%+10%+20%+30%+40%0×50×100×150×693361438027195870ZIL26381SUBROS.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Subros is the large dot.

Subros competitors and peer comparison

How Subros compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Subros against its 20 peers (data as of 6 Nov 2026)
MeasureSUBROS.NSPeer medianRank in peer set
1-month return-10.7%-13.9%9th highest of 20
6-month return-25.1%-24.8%10th lowest of 20
Distance from 52-week high-46.3%-38.7%6th lowest of 20
Revenue growth (TTM)+13.8%+14.1%11th highest of 21
Operating margin5.1%5.4%11th highest of 21
Forward P/E21.5×12.3×3rd most expensive of 7
ROIC minus cost of capital-5.0 pp-2.8 pp7th lowest of 21
EV / EBITDA12.2×15.5×4th cheapest of 11
Net debt / EBITDA-0.3×-1.8×5th most indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Subros SUBROS.NSIndia$416M-25%+14%5%21.5×n/an/a
Chofu Seisakusho 5946.TJapan$416M0%-1%5%n/a6.6%+1.3%
Zhejiang Tongli Transmission Technology 301255.SZChina$418M-37%+14%-5%n/an/an/a
Hangzhou Seck Intelligent Technology 300897.SZChina$419M-25%+1%-3%n/an/an/a
Wuxi Smart Auto-Control Engineering 002877.SZChina$414M-15%-14%3%n/a21.9%+13.5%
Amax 6933.TWTaiwan$413M+87%+15%7%25.9×n/an/a
Zhejiang Extek Technology 301399.SZChina$413M-29%+21%-1%n/an/an/a
Sodick 6143.TJapan$412M-18%+15%7%8.3×-4.2%+6.8%
Hyulim ROBOT 090710.KSSouth Korea$412M-63%-38%-25%n/an/an/a
E&R Engineering 8027.TWOTaiwan$412M-38%+38%-2%172.6×n/an/a
HAESUNG DS 195870.KSSouth Korea$422M-58%+33%11%7.5×n/an/a
Zhejiang Wandekai Fluid Equipment Technology 301309.SZChina$423M-16%-1%14%n/an/an/a
ElringKlinger ZIL2.DEGermany$407M-3%0%5%8.4×-4.1%+2.1%
ANEST IWATA 6381.TJapan$407M+2%+6%10%16.2×2.1%+9.5%
Yalian Machinery 001395.SZChina$407M-22%+19%27%n/a-5.6%+18.2%
CEC Environmental Protection 300172.SZChina$406M-23%0%9%n/a3.2%-4.9%
Yinchuan Weili Transmission Technology 300904.SZChina$406M-35%+69%-7%n/an/an/a
Hangzhou Zhongya Machinery 300512.SZChina$405M-29%+20%2%n/a29.5%+11.9%
Tianjin Saixiang Technology 002337.SZChina$405M-25%+11%6%n/a23.7%+14.1%
SFC Environmental Technologies SFCTECH.NSIndia$428Mn/a+15%27%n/an/an/a
Tianjin Jinrong Tianyu Precision Machinery 300988.SZChina$405M-30%+23%7%n/an/an/a

Questions

Which companies are Subros's closest peers?
The cockpit's peer set: Chofu Seisakusho (5946.T), Zhejiang Tongli Transmission Technology (301255.SZ), Hangzhou Seck Intelligent Technology (300897.SZ), Wuxi Smart Auto-Control Engineering (002877.SZ), Amax (6933.TW), Zhejiang Extek Technology (301399.SZ), Sodick (6143.T), Hyulim ROBOT (090710.KS).
Is Subros expensive compared with its peers?
On forward p/e it trades at 21.5× against a peer median of 12.3×, 3rd most expensive of 7 in its peer set.
How has Subros stock performed?
Over six months to 6 Nov 2026 the shares returned -25.1% against -24.8% for the median peer; over one year -45.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.