Time period given by analyst is one year when Subros Ltd. price can reach defined target.
Subros Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 2327.61 Crore) operating in Auto Ancillaries sector.
Subros Ltd. key Products/Revenue Segments include Air Conditioning Equipment And Accessories, Sale of services and Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 531.48 Crore, up 9.52 % from last quarter Total Income of Rs 485.27 Crore and up 15.07 % from last year same quarter Total Income of Rs 461.87 Crore. Company reported net profit after tax of Rs 4.74 Crore in latest quarter.
Investment Rationale
Q2 PAT, at INR 51mn (-71% YoY, +65% QoQ), was impacted by the constrained production, particularly at Maruti (due to the ongoing semi conductor issue). However, the medium-term drivers remain in place, including new order wins for the Maruti-Toyota joint production models from FY23E onwards (~8-10% of revenues) and the expected ramp-up in the home AC segment.
Promoter/FII Holdings
Promoters held 36.79 per cent stake in the company as of 30-Sep-2021, while FIIs owned 0.57 per cent, DIIs 11.68 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
