Latest news with #Subros
Business Standard
4 days ago
- Automotive
- Business Standard
The Smart Investor
Sensex ( %) Nifty ( %) Nifty Midcap ( %) Nifty Smallcap ( %) Nifty Bank ( %) TechM trades higher for 10th straight day; should you buy, hold or sell? Shares of Tech Mahindra hit an over four-month high at ₹1,724.25, gaining 2% in Tuesday's intra-day trade in an otherwise weak market, and has rallied 12% in the last 10 days. Lumax Auto, Subros zoom over 100% from 3-mth lows; what's behind the rally? Shares of Lumax Auto Technologies (₹1,113.90) and Subros (₹1,084) hit their respective new highs, and rallied up to 10% on the BSE in Tuesday's intra-day trade in an otherwise weak market.
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Business Standard
4 days ago
- Automotive
- Business Standard
Lumax Auto, Subros zoom over 100% from 3-mth lows; what's behind the rally?
Share price movement of Lumax Auto, Subros today Shares of Lumax Auto Technologies (₹1,113.90) and Subros (₹1,084) hit their respective new highs, as these stocks rallied up to 10 per cent on the BSE in Tuesday's intra-day trade in an otherwise weak market. In comparison, the BSE Sensex was down 0.22 per cent at 81,618 at 11:30 AM. These two stocks have seen their share prices more-than-double from their respective 3-month lows. Among individual stocks, Lumax Auto Technologies has zoomed 146 per cent from a level of ₹452.55 on April 7, 2025. Share price of Subros surged 116 per cent from ₹501.55 on March 17, 2025. In the past two trading days, the stock has zoomed 30 per cent from a level of ₹831 on Friday, June 13, 2025. Catch Stock Market Latest Updates Today LIVE What's driving auto related stocks? Subros is the leading manufacturer of thermal products for automotive applications in India, in technical collaboration with Denso Corporation, Japan. The company is engaged primarily in the business of manufacturing and sale of thermal products for automotive and home air-conditioning original equipment manufacturers (OEMs). Subros medium-term growth prospects remains healthy, given its strong market position in the passenger vehicle (PV) industry and continued demand in the industry. Further, the notification from the Government of India mandating air-conditioned (AC) fitted cabins in N2 and N3 trucks (both segments combined cover trucks having gross vehicle weight exceeding 3.5 tonnes), manufactured after October 2025, is expected to generate incremental revenue prospects for the company. The company is expected to continue its growth momentum on account of new product development for various models of PVs, buses, trucks and the railways segment. While the company has significantly muted its sales in the home AC segment due to low segment margins amid inflationary pressure in the fixed price nature of contracts, an increase in the contribution from the other business segments, such as commercial vehicle (CVs) and Indian Railways is expected to support its earnings growth prospects, according to ICRA. Meanwhile, in the past three weeks, the stock price of Lumax Auto Technologies, a leading automotive component manufacturer, has zoomed 63 per cent after the company showcased strong operational performance and strategic expansion through inorganic growth initiatives through its March quarter earnings. The company recorded its highest-ever annual revenue and earnings before interest, tax, depreciation and amortisation (Ebitda), and surpassed the ₹1,000 crore mark in quarterly revenue for the first time. The performance was driven by strong demand across all segments and deepening engagement with OEM partners. Improvement in Ebitda growth highlights the strength of the company's operating model, supported by improved efficiencies, prudent cost management and continued focus on value-added offerings, the management said. With a well-diversified product portfolio and deep integration with leading OEM platforms, the management said the company remains strongly positioned to capitalize on evolving opportunities across segments in a structurally improving macro environment. With a robust balance sheet, strategic acquisitions, and expanding product portfolio, Lumax Auto Technologies said the company is well-positioned to capitalize on the growing automotive market and emerging mobility solutions. Given the healthy order book led by double digit growth prospects, stable margin profile, earnings accretive value conscious acquisitions and impressive return ratios matrix, analysts maintain their positive view on the company.
Mint
5 days ago
- Automotive
- Mint
Multibagger small cap jumps another 10% to hit record high, gains 45% in just 7 sessions. Do you own it?
Subros share price in focus: Despite the Indian stock market trading in a narrow range during Tuesday's session, Subros, an automotive air-conditioning solutions provider, saw its stock price jump another 10% to cross the ₹ 1,000 mark for the first time, hitting a fresh all-time high of ₹ 1,083.20 apiece. Today's rally added to the stock's 19% jump in the previous session, taking its 7-day cumulative gain to 45%. Investor enthusiasm was sparked by the upcoming mandate that, starting June 8, all medium- and heavy-duty trucks manufactured and sold in India must feature factory-fitted air-conditioned cabins. This mandate, announced about 18 months ago, aims to enhance driver comfort, reduce fatigue, and improve safety on long-haul routes. To comply with the regulation, truck makers like Tata Motors and Ashok Leyland are rolling out updated models and have raised prices by 1–2.5% to absorb the additional cost of AC systems. Subros is a leading player in vehicle air conditioning, holding over 40% of the passenger vehicle market and more than 54% of the commercial vehicle segment. This leadership position explains why the stock has been soaring on the exchanges. Earlier, analysts noted that mandatory AC cabins for trucks would expand the company's addressable market, helping to further increase non-passenger vehicle (non-PV) revenue for Subros, and could create a market opportunity of ₹ 400–450 crore by FY26. The company is also expanding into the home air conditioner segment, in addition to its existing presence in the railway segment. Analysts further project that the rising demand for electric vehicles in India will serve as another growth catalyst for the company. Meanwhile, truck sales declined to 307,491 units in FY25 from 320,244 units the previous year, according to the Society of Indian Automobile Manufacturers. The drop was attributed to a high base of the previous years and a temporary slowdown in infrastructure activity due to the general elections in the first quarter of the fiscal year. However, industry experts believe that the sales will pick up momentum in the ongoing fiscal year on the potential rebound in the economic activity. From a trading price of ₹ 50 apiece ten years ago, the stock has seen a remarkable rise of 1954% to trade at the current level of ₹ 1027. To put this into perspective, if an investor had invested ₹ one lakh into these shares a decade ago and held onto them until today, their investment would have ballooned to an astonishing ₹ 20.54 lakh. Over the last ten years, it concluded seven years with gains. The standout year was CY14, when it delivered a remarkable return of 140%. This was followed by robust returns of 90% in CY17 and 81% in CY23. In the current year, it has already gained 66%. Founded in 1985 as a joint venture between the Suri family of India, DENSO Corporation, and Suzuki Motor Corporation, the company is a leading manufacturer of thermal products for automotive applications in India. It is the only integrated manufacturing unit in India for auto-air conditioning system products. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
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Business Standard
5 days ago
- Business
- Business Standard
Subros zooms 18%, sharpest intra-day rally in 1 year; up 26% in 3 days
Share price of Subros today Shares of Subros hit an all-time high of ₹982.35, zooming 18 per cent thus also recording its sharpest intra-day rally in the past one year, on the BSE in Monday's intra-day deals. Earlier, on July 1, 2024, the stock price of the smallcap company had zoomed 20 per cent in intra-day trades, BSE data shows. In the past three days, the market price of Subros has appreciated by 26 per cent, while, thus far in the month of June, it has gained 35 per cent. It has nearly-doubled or zoomed 96 per cent from its March 2025 low of ₹501.55 on the BSE. At 02:42 PM; Subros was quoting 17 per cent higher at ₹970.70, as compared to 0.84 per cent rise in the BSE Sensex. The average trading volumes at the counter jumped over six-fold. A combined 4.5 million shares representing nearly 7 per cent of total equity of Subros changed hands on the NSE and BSE. Subros clarifies on increase in volume Subros on June 10, 2025, said that the company has made all the necessary disclosures (including unpublished price sensitive information) to the Stock Exchange(s). The significant increase in volume of company's equity shares is purely market driven. 'There is no information/announcement (including impending announcement) which in our opinion may have a bearing on the price/volume behaviour in the scrip and which is due to be disseminated to the Stock Exchange(s),' Subros said. Subros Q4 results For the January to March 2025 quarter (Q4FY25), Subros' revenue was higher by 9.25 per cent year-on-year (YoY) at ₹908.46 crore from corresponding quarter of last year due to increase in volume and Start of Production (SOP) of new business awards. EBIDTA was higher by 22.72 per cent in Q4 from corresponding quarter of last year due to Cost cutting initiatives and process cost optimization. MSR was lower due to softening in commodity prices, cost down initiatives and product mix. Finance cost was lower due to use of low-cost debt instrument and working capital optimization. Growth outlook for Subros Subors medium-term growth prospects remains healthy, given its strong market position in the passenger vehicle (PV) industry and continued demand in the industry. Further, the notification from the Government of India mandating air-conditioned (AC) fitted cabins in N2 and N3 trucks (both segments combined cover trucks having gross vehicle weight exceeding 3.5 tonnes), manufactured after October 2025, is expected to generate incremental revenue prospects for the company. While the company has significantly muted its sales in the home AC segment due to low segment margins amid inflationary pressure in the fixed price nature of contracts, an increase in the contribution from the other business segments, such as commercial vehicle (CVs) and Indian Railways is expected to support its earnings growth prospects, according to ICRA. The ratings for Subros continue to factor in its strong market position in the thermal products segment of the PV industry, benefitting from its integrated manufacturing operations and strong product development capabilities, which is supported by technical support from Denso Corporation, Japan. The company is expected to continue its growth momentum on account of new product development for various models of PVs, buses, trucks and the railways segment, the rating agency said in its rationale. The operating margins and return indicators are expected to improve over the medium term, aided by operational efficiencies, cost efficiency measures as well as increased localisation. About Subros Subros is the leading manufacturer of thermal products for automotive applications in India, in technical collaboration with Denso Corporation, Japan. The company is engaged primarily in the business of manufacturing and sale of thermal products for automotive and home air-conditioning original equipment manufacturers. The company is a joint venture with 36.79 per cent ownership by the Suri family of India, 20 per cent ownership by Denso Corporation, Japan & 11.96 per cent ownership by Suzuki Motor Corporation, Japan.
Business Standard
22-05-2025
- Business
- Business Standard
Subros consolidated net profit rises 51.82% in the March 2025 quarter
Sales rise 9.25% to Rs 908.46 crore Net profit of Subros rose 51.82% to Rs 46.20 crore in the quarter ended March 2025 as against Rs 30.43 crore during the previous quarter ended March 2024. Sales rose 9.25% to Rs 908.46 crore in the quarter ended March 2025 as against Rs 831.51 crore during the previous quarter ended March 2024. For the full year,net profit rose 54.22% to Rs 150.53 crore in the year ended March 2025 as against Rs 97.61 crore during the previous year ended March 2024. Sales rose 9.67% to Rs 3367.57 crore in the year ended March 2025 as against Rs 3070.57 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 908.46831.51 9 3367.573070.57 10 OPM % 10.219.25 - 9.578.28 - PBDT 96.0776.89 25 331.76257.16 29 PBT 61.8345.05 37 203.59140.65 45 NP 46.2030.43 52 150.5397.61 54
