Subros Limited
Subros Limited engages in the manufacture and sale of thermal products for automotive applications in India. The company offers compressors; automotive condensers; heating, ventilating, and air conditioning systems, such as heaters, evaporators, and blower units; tubes and hoses; bus AC; driver cabin AC for railway engines; commercial and residential AC; transport refrigeration systems; truck cab… Read more
Subros Limited (SUBROS) - Net Assets
Latest net assets as of September 2025: ₹11.58 Billion INR
Based on the latest financial reports, Subros Limited (SUBROS) has net assets worth ₹11.58 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹20.01 Billion) and total liabilities (₹8.42 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹11.58 Billion |
| % of Total Assets | 57.9% |
| Annual Growth Rate | 12.2% |
| 5-Year Change | 37.61% |
| 10-Year Change | 226.53% |
| Growth Volatility | 13.58 |
Subros Limited - Net Assets Trend (2005–2025)
This chart illustrates how Subros Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Subros Limited (2005–2025)
The table below shows the annual net assets of Subros Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹10.94 Billion | +14.46% |
| 2024-03-31 | ₹9.56 Billion | +10.22% |
| 2023-03-31 | ₹8.67 Billion | +5.28% |
| 2022-03-31 | ₹8.24 Billion | +3.60% |
| 2021-03-31 | ₹7.95 Billion | +5.73% |
| 2020-03-31 | ₹7.52 Billion | +10.60% |
| 2019-03-31 | ₹6.80 Billion | +68.12% |
| 2018-03-31 | ₹4.04 Billion | +15.88% |
| 2017-03-31 | ₹3.49 Billion | +4.17% |
| 2016-03-31 | ₹3.35 Billion | +5.74% |
| 2015-03-31 | ₹3.17 Billion | +5.02% |
| 2014-03-31 | ₹3.02 Billion | +5.52% |
| 2013-03-31 | ₹2.86 Billion | +5.72% |
| 2012-03-31 | ₹2.71 Billion | +17.44% |
| 2011-03-31 | ₹2.30 Billion | +11.20% |
| 2010-03-31 | ₹2.07 Billion | +12.70% |
| 2009-03-31 | ₹1.84 Billion | +5.60% |
| 2008-03-31 | ₹1.74 Billion | +15.24% |
| 2007-03-31 | ₹1.51 Billion | +17.22% |
| 2006-03-31 | ₹1.29 Billion | +17.81% |
| 2005-03-31 | ₹1.09 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Subros Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 742653100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹7.43 Billion | 67.88% |
| Common Stock | ₹130.50 Million | 1.19% |
| Other Comprehensive Income | ₹1.30 Billion | 11.90% |
| Other Components | ₹2.08 Billion | 19.03% |
| Total Equity | ₹10.94 Billion | 100.00% |
Subros Limited Competitors by Market Cap
The table below lists competitors of Subros Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Greaves Cotton Limited
NSE:GREAVESCOT
|
$155.84 Million |
|
MNIVF
PINK:MNIVF
|
$155.85 Million |
|
ValueHD Corp. A
SHE:301318
|
$155.90 Million |
|
JIUMAOJIU INTL HLDGS LTD
F:3YU
|
$155.96 Million |
|
Astra Otoparts Tbk
JK:AUTO
|
$155.83 Million |
|
AzureWave Technologies Inc
TW:3694
|
$155.82 Million |
|
Novonix Ltd
PINK:NVNXF
|
$155.82 Million |
|
Magna Mining Inc
PINK:MGMNF
|
$155.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Subros Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,559,314,000 to 10,941,300,000, a change of 1,381,986,000 (14.5%).
- Net income of 1,505,300,000 contributed positively to equity growth.
- Dividend payments of 117,400,000 reduced retained earnings.
- Other comprehensive income increased equity by 15,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.51 Billion | +13.76% |
| Dividends Paid | ₹117.40 Million | -1.07% |
| Other Comprehensive Income | ₹15.00 Million | +0.14% |
| Other Changes | ₹-20.91 Million | -0.19% |
| Total Change | ₹- | 14.46% |
Book Value vs Market Value Analysis
This analysis compares Subros Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.03x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 37.05x to 4.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹18.23 | ₹675.50 | x |
| 2006-03-31 | ₹21.48 | ₹675.50 | x |
| 2007-03-31 | ₹25.18 | ₹675.50 | x |
| 2008-03-31 | ₹29.01 | ₹675.50 | x |
| 2009-03-31 | ₹30.64 | ₹675.50 | x |
| 2010-03-31 | ₹34.53 | ₹675.50 | x |
| 2011-03-31 | ₹38.40 | ₹675.50 | x |
| 2012-03-31 | ₹45.09 | ₹675.50 | x |
| 2013-03-31 | ₹47.67 | ₹675.50 | x |
| 2014-03-31 | ₹50.30 | ₹675.50 | x |
| 2015-03-31 | ₹52.83 | ₹675.50 | x |
| 2016-03-31 | ₹55.86 | ₹675.50 | x |
| 2017-03-31 | ₹58.18 | ₹675.50 | x |
| 2018-03-31 | ₹67.42 | ₹675.50 | x |
| 2019-03-31 | ₹110.31 | ₹675.50 | x |
| 2020-03-31 | ₹115.28 | ₹675.50 | x |
| 2021-03-31 | ₹121.88 | ₹675.50 | x |
| 2022-03-31 | ₹126.27 | ₹675.50 | x |
| 2023-03-31 | ₹132.94 | ₹675.50 | x |
| 2024-03-31 | ₹146.51 | ₹675.50 | x |
| 2025-03-31 | ₹167.69 | ₹675.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Subros Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.76%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.48%
- • Asset Turnover: 1.81x
- • Equity Multiplier: 1.70x
- Recent ROE (13.76%) is above the historical average (11.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 18.53% | 3.43% | 2.40x | 2.25x | ₹93.24 Million |
| 2006 | 18.83% | 4.30% | 2.02x | 2.17x | ₹113.80 Million |
| 2007 | 18.41% | 4.30% | 1.85x | 2.31x | ₹127.01 Million |
| 2008 | 16.45% | 4.32% | 1.84x | 2.06x | ₹112.21 Million |
| 2009 | 7.21% | 1.91% | 1.58x | 2.39x | ₹-51.35 Million |
| 2010 | 13.56% | 3.10% | 1.85x | 2.36x | ₹73.76 Million |
| 2011 | 12.43% | 2.62% | 1.67x | 2.84x | ₹56.08 Million |
| 2012 | 17.65% | 4.26% | 1.33x | 3.12x | ₹206.99 Million |
| 2013 | 7.09% | 1.59% | 1.45x | 3.08x | ₹-83.24 Million |
| 2014 | 6.89% | 1.77% | 1.29x | 3.03x | ₹-93.86 Million |
| 2015 | 6.32% | 1.67% | 1.24x | 3.07x | ₹-116.75 Million |
| 2016 | 7.15% | 1.83% | 1.31x | 2.99x | ₹-95.66 Million |
| 2017 | 4.00% | 0.90% | 1.35x | 3.29x | ₹-209.49 Million |
| 2018 | 14.97% | 3.17% | 1.47x | 3.21x | ₹201.13 Million |
| 2019 | 11.21% | 3.59% | 1.54x | 2.03x | ₹82.43 Million |
| 2020 | 11.28% | 4.26% | 1.43x | 1.85x | ₹96.30 Million |
| 2021 | 5.96% | 2.64% | 1.24x | 1.82x | ₹-321.20 Million |
| 2022 | 3.94% | 1.45% | 1.49x | 1.83x | ₹-498.84 Million |
| 2023 | 5.53% | 1.71% | 1.82x | 1.78x | ₹-388.07 Million |
| 2024 | 10.21% | 3.19% | 1.85x | 1.73x | ₹20.26 Million |
| 2025 | 13.76% | 4.48% | 1.81x | 1.70x | ₹411.17 Million |
Industry Comparison
This section compares Subros Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $13,046,583,226
- Average return on equity (ROE) among peers: 17.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Subros Limited (SUBROS) | ₹11.58 Billion | 18.53% | 0.73x | $155.83 Million |
| Apollo Tyres Limited (APOLLOTYRE) | $34.01 Billion | 18.01% | 1.52x | $1.47 Billion |
| Asahi India Glass Limited (ASAHIINDIA) | $26.42 Billion | 14.05% | 1.57x | $816.27 Million |
| Automotive Stampings and Assemblies Limited (ASAL) | $562.65 Million | 17.77% | 2.25x | $18.73 Million |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $10.43 Billion | 23.74% | 0.84x | $221.89 Million |
| Automotive Axles Limited (AUTOAXLES) | $3.02 Billion | 6.60% | 0.72x | $86.08 Million |
| Autoline Industries Limited (AUTOIND) | $1.39 Billion | 7.99% | 2.15x | $11.92 Million |
| Balkrishna Industries Limited (BALKRISIND) | $8.61 Billion | 22.59% | 1.53x | $1.99 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $1.36 Billion | 31.89% | 0.52x | $286.08 Million |
| BELRISE INDUSTRIES LTD (BELRISE) | $20.45 Billion | 15.34% | 1.78x | $541.77 Million |
| Bharat Forge Limited (BHARATFORG) | $24.21 Billion | 12.59% | 2.14x | $5.17 Billion |