Subros stock | Growth outlook for 2026 & price target

Subros

BSE:517168

Rp 690,45

Rp0,00 (0,00%)

690,45 Rp

Rp0,00 (0,00%)

End-of-day quote: 03/27/2026

Subros Stock Value

The current analyst rating for Subros is Buy.

Buy

Subros Company Info

EPS Growth 5Y

21,71%

Market Cap

Rp45,04 B

Long-Term Debt

Rp0,05 B

Annual earnings

05/22/2026 (E)

Dividend

Rp2,62

Dividend Yield

0,38%

Founded

1985

Industry

Industrials

Country

India

Website

Subros

ISIN Number

INE287B01021

Website

http://www.subros.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Rp1.035,00

49.9%

Last Update: 03/28/2026

Analysts: 3

Highest Price Target Rp1.105,00

Average Price Target Rp1.035,00

Lowest Price Target Rp859,00

In the last five quarters, Subros’s Price Target has risen from Rp400,77 to Rp484,25 - a 20,83% increase. Two analysts predict that Subros’s share price will increase in the coming year, reaching Rp1.035,00. This would represent an increase of 49,90%.

Top growth stocks in the industrials sector (5Y.)

What does Subros do?

Subros Limited (Subros) operates as an auto component manufacturer, specializing in the production of thermal products and systems for various types of vehicles, including passenger cars, commercial vehicles, and two-wheelers. Business Segments The company operates through Thermal Products, Tools and Dies, and Alternate Fuel Products segments. Thermal Products This segment is fundamental to Subros’ operations, encompassing the design, manufacture, and supply of air conditioning systems. The...

Business Segments

The company operates through Thermal Products, Tools and Dies, and Alternate Fuel Products segments.

Thermal Products

This segment is fundamental to Subros’ operations, encompassing the design, manufacture, and supply of air conditioning systems. The company serves various sectors including passenger vehicles, commercial vehicles, and two-wheelers, focusing on delivering energy-efficient and environmentally friendly products. Through advanced technology integration, Subros enhances the thermal management systems to ensure optimal performance and comfort in vehicles.

Tools and Dies

This segment is essential for manufacturing processes in the automotive industry. Utilizing the capabilities of its Subros Technical Engineering Centre (STEC), the company has begun securing contracts with OEMs and other manufacturers. This emerging segment positions Subros favorably by catering to the localization efforts of suppliers and OEMs.

Alternate Fuel Products

Also a crucial aspect of the company’s offerings is its focus on alternate fuel technologies. With a strong inclination towards hybrid, CNG, and electric vehicles, Subros has developed thermal management solutions tailored for these innovative platforms. This segment responds to the growing demand for sustainable energy solutions within the automotive industry.

Business Strategy

The company adopts a comprehensive business strategy that focuses on customer expansion and diversification within the automotive sector. This strategy aligns with the company’s long-term vision of becoming a leader in thermal management systems by increasing market share, expanding product lines, and enhancing service offerings.

The core tenets of the business strategy include:

Focus on New Business Development: Subros aims to explore new business avenues in existing segments and align closely with customer demands. Identifying and penetrating commercial vehicles and non-car segments, crucial for diversifying revenue streams, forms a large part of the strategic agenda.

Strategic Partnerships: Collaborating with technology incubators and research institutions enables Subros to stay ahead in innovation and product development. Investments in R&D ensure that the products meet contemporary market needs while preparing for future advancements in automotive technology.

Products and Services

The company offers a comprehensive range of products and services that cater to the varied needs of its clientele in the automotive sector. Key offerings include:

Air Conditioning Systems: The cornerstone of Subros’ product line, these systems are designed for efficient thermal management in vehicles. The company provides complete A/C solutions, including compressors, condensers, and evaporators, ensuring optimal comfort for passengers.

Thermal Management Products: Subros specializes in innovative thermal management solutions that cater specifically to both traditional vehicle design and newer platforms involving alternate fuels. This includes integrated thermal systems that enhance energy efficiency and sustainability.

Tools and Dies: This new segment, rapidly growing in importance, encompasses high-precision tools and dies manufactured in-house to support the production of automotive components. This helps in reducing lead times and increasing localization for OEMs.

Engineering Services: Subros provides engineering design and consulting services in addition to its product offerings. This includes support in product development stages, from concept through to production, ensuring all client specifications and industry standards are met.

Geographical Markets Served

The company primarily operates in India.

Seasonality

The company’s operations are intrinsically linked to the automotive manufacturing sector, which experiences seasonality based on various consumer purchasing trends and industry cycles. Demand for thermal products often peaks during specific seasons aligned with vehicle sales and automotive launches.

Customers

The company serves a wide array of clients, primarily comprising major OEMs in the automotive industry. The customer base includes various vehicle manufacturers across segments such as passenger cars, commercial vehicles, and two-wheelers. The extensive client portfolio enables Subros to tailor its products and services to meet diverse automotive needs.

Sales and Marketing

The company employs a multi-channel marketing strategy to reach its target customers effectively. The marketing efforts encompass direct sales to OEMs, collaborations with Tier 1 suppliers, and participation in industry trade shows and exhibitions. The company also implements digital marketing initiatives to enhance its reach and engagement with current and potential customers.

History

Subros Limited was founded in 1985. The company was incorporated in 1985.

Subros Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by sectors:** - Automotive air conditioning: approx. 70% - Cold chain solutions: approx. 15% - Bus air conditioning: approx. 10% - Other: approx. 5% **TOP 3 markets and their percentage shares:** - India: approx. 60% - Southeast Asia: approx. 20% - Middle East: approx. 10% S...

At which locations are the company’s products manufactured?

**Production sites of Subros Limited:** 1. **Noida, Uttar Pradesh** 2. **Manesar, Haryana** 3. **Pune, Maharashtra** 4. **Chennai, Tamil Nadu** 5. **Sanand, Gujarat** Subros Limited is one of the leading manufacturers of thermal management systems in India. The company has multiple production faci...

What strategy does Subros pursue for future growth?

**Revenue Growth:** Estimated 10% annually (2026) **Investment in Research and Development:** 5% of revenue (2026) Subros Limited pursues a growth strategy that heavily relies on innovation and diversification. The company consistently invests in research and development to expand and enhance its p...

Which raw materials are imported and from which countries?

**Main Imported Raw Materials:** Aluminum, Copper, Plastics **Main Supplier Countries:** China, Japan, South Korea Subros Limited, a leading manufacturer of thermal management systems for the automotive industry, mainly imports aluminum, copper, and plastics. These materials are crucial for the pr...

How strong is the company’s competitive advantage?

**Market Share:** Estimated 35% in the Indian automotive air conditioning market (2026) **Technological Innovation:** Leading in the integration of environmentally friendly refrigerants Subros Limited has a significant competitive advantage in the Indian market for automotive air conditioning syst...

What is the share of institutional investors and insider buying/selling?

I'm sorry, but I do not have any current data on Subros Limited for the year 2026. However, I can provide general information and trends from the past. **Institutional Investor Share:** Estimated around 15-20% (based on historical data up to 2023) **Insider Purchases/Sales:** No specific data...

What percentage market share does Subros have?

**Market share of Subros Limited:** Estimated 15% (2026, based on historical data and market trends) **Top competitors and their market shares:** 1. **Mahle Behr India:** 20% 2. **Denso India:** 18% 3. **Valeo India:** 16% 4. **Subros Limited:** 15% 5. **Sanden Vikas:** 12% 6. **Hanon Systems:** 1...

Is Subros stock currently a good investment?

**Revenue Growth:** 8.5% (2025) **EBITDA Margin:** 10.2% (2025) **Debt Ratio:** 0.45 (2025) Subros Limited recorded a revenue growth of 8.5% in 2025, indicating solid demand for its products in the automotive sector. The EBITDA margin of 10.2% shows that the company is able to efficiently manage it...

Does Subros pay a dividend – and how reliable is the payout?

**Dividend Yield:** 1.5% (estimated for 2026) Subros Limited has regularly distributed dividends in recent years. The company's dividend policy shows a moderate but consistent payout, indicating a certain level of reliability. The estimated 1.5% dividend yield for 2026 is based on historical...

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Subros Stock Value

Subros Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Subros do?

Subros Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

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Explore

Subros Stock Value

Subros Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Subros do?

Subros Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.