| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 1,032 | 878 | +17.5% |
| EBITDA | 80.8 | 82.0 | −1.5% |
| EBITDA margin | 7.8% | 9.3% | −1.5 pts |
| Profit before tax | 55.6 | 54.4 | +2.1% |
| Net profit | 41.5 | 40.8 | +1.7% |
| EPS | ₹6.36 | ₹6.26 | +1.6% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 3,824 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 114 | 114 | 122 | 39.2 | 50.7 | ||
| 29.8 | 29.8 | 0.0 | 0.0 | 13.4 | ||
| 3,740 | — | — | — | — | ||
| 3,909 | 3,756 | 3,368 | 3,071 | 2,806 | ||
| — | +11.5% | +9.7% | +9.4% | — | ||
| 323 | 324 | 322 | 254 | 168 | ||
| 8.3% | 8.6% | 9.6% | 8.3% | 6.0% | ||
| 200 | 199 | 194 | 138 | 57.2 | ||
| 166 | 166 | 151 | 97.6 | 47.9 | ||
| 4.3% | 4.4% | 4.5% | 3.2% | 1.7% | ||
| ₹25.49 | ₹25.39 | ₹23.07 | ₹14.96 | ₹7.34 | ||
| — | +10.0% | +54.2% | +103.7% | — | ||
| — | 105 | 175 | 165 | 141 | ||
| — | −150 | −118 | −120 | −132 | ||
| −44.2 | −44.2 | 56.9 | 45.3 | 8.3 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 3,824.3 | |
| - Cash, Equiv & ST Investments | 50.7 | 39.2 | 121.8 | 113.9 | 113.9 | |
| + Total Debt | 13.4 | 0.0 | 0.0 | 29.8 | 29.8 | |
| Enterprise Value | — | — | — | — | 3,740.3 | |
| Revenue | 2,806.3 | 3,070.6 | 3,367.6 | 3,755.5 | 3,909.4 | |
| Growth %, YoY | — | +9.4 | +9.7 | +11.5 | — | |
| EBITDA | 167.5 | 254.2 | 322.3 | 324.3 | 323.1 | |
| Margin % | 5.97 | 8.28 | 9.57 | 8.63 | 8.26 | |
| EBIT | 57.2 | 137.7 | 194.2 | 199.4 | 200.2 | |
| Net Income | 47.9 | 97.6 | 150.5 | 165.7 | 166.3 | |
| Margin % | 1.71 | 3.18 | 4.47 | 4.41 | 4.25 | |
| EPS, Adj (current shares) | 7.34 | 14.96 | 23.07 | 25.39 | 25.49 | |
| Growth %, YoY | — | +103.7 | +54.2 | +10.0 | — | |
| Cash from Operations | 140.6 | 165.0 | 174.8 | 105.3 | — | |
| Capital Expenditures | -132.3 | -119.7 | -117.9 | -149.6 | — | |
| Free Cash Flow | 8.3 | 45.3 | 56.9 | -44.2 | -44.2 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Subros (NSE: SUBROS) had a market capitalisation of ₹3,761 crore at the 29 October 2026 close (₹576.35 a share), a PE ratio of 22.6 on the last four quarters' profit and a price-to-book ratio of 3.02. In FY26 its consolidated net profit was ₹166 crore on revenue of ₹3,756 crore; in Q1 FY27 (April–June 2026) it was ₹41.5 crore, up 1.7% year on year. Its debt-to-equity ratio was 0.02 on 31 March 2026. Promoters held 36.79% of the shares on 30 September 2026.
Subros' PE ratio is 22.6 at the 29 October 2026 close (₹576.35 a share): a market capitalisation of ₹3,761 crore divided by consolidated net profit of ₹166 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹166 crore) it is 22.7.
Subros' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,244 crore on 31 March 2026, up 13.7% from ₹1,094 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹3,761 crore at the 29 October 2026 close.
Subros' book value per share was ₹190.67 on 31 March 2026: shareholders' equity of ₹1,244 crore divided by the 6.53 crore shares in issue, up 13.7% from ₹167.68 a year earlier. The share price at the 29 October 2026 close was ₹576.35.
Subros' price-to-book (PB) ratio is 3.02 at the 29 October 2026 close: a market capitalisation of ₹3,761 crore divided by shareholders' equity (book value) of ₹1,244 crore on 31 March 2026. That is a book value of ₹190.67 per share against a share price of ₹576.35.
No. Subros had borrowings of ₹29.8 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.02. Its cash and current investments were ₹140 crore, so it held net cash of ₹110 crore.
In FY26, Subros' return on equity (ROE) was 14.2% and its return on capital employed (ROCE) was 15.7%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 14.7% and ROCE 17.8%.
Subros' market capitalisation was ₹3,761 crore at the 29 October 2026 close: 6.53 crore shares at ₹576.35 each.
Subros' basic earnings per share (EPS) were ₹25.39 in FY26, against ₹23.07 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹25.49.
In 2026, Subros has declared one dividend: ₹3 with record date 11 September 2026.
Subros' debt-to-equity ratio was 0.02 on 31 March 2026: borrowings of ₹29.8 crore against total equity of ₹1,244 crore. A year earlier, on 31 March 2025, it was 0.00.
Subros' dividend yield is 0.52% at the 29 October 2026 close: dividends of ₹3 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹576.35. They were ₹3 on 11 September 2026.
Promoters held 36.79% of Subros on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Subros' shares were held by promoters 36.79%, foreign portfolio investors (FII/FPI) 32.70%, domestic institutions (DII) 10.60% (including mutual funds at 10.59%) and retail and other non-institutional investors 19.91%. Over the year, FII holding was down 0.43 percentage points from 33.13% and DII holding was down 0.70 percentage points from 11.30%.
At the 29 October 2026 closing prices, on FY26 net profit, Subros' PE ratio is 22.7, the third highest of the four: Surya Roshni 15.5, SML Mahindra 42.8 and TD Power Systems 46.7, a peer average of 35.0. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Subros earned net profit of ₹166 crore on revenue of ₹3,756 crore, against ₹286 crore on ₹7,540 crore for Surya Roshni. Subros' operating margin was 5.3% (Surya Roshni 4.7%) and its return on equity 14.2% (Surya Roshni 11.2%). At the 29 October 2026 close, Subros' market capitalisation was ₹3,761 crore against ₹4,436 crore for Surya Roshni, and its PE ratio on FY26 profit 22.7 against 15.5.
In FY26, Subros generated ₹105 crore of cash from operations and spent ₹150 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹44.2 crore. In FY25 it was ₹56.9 crore.
Subros' latest results are for Q1 FY27 (April–June 2026), filed on 7 August 2026: consolidated net profit ₹41.5 crore, up 1.7% from ₹40.8 crore in Q1 FY26; revenue from operations ₹1,032 crore, up 17.5% year on year.
In FY26 (April 2025–March 2026), Subros' consolidated net profit was ₹166 crore, up 10.0% from ₹151 crore in FY25, on revenue from operations of ₹3,756 crore (up 11.5%). Over three years, from FY23, net profit was up 245.7%.
Subros will announce its Q2 FY27 results (July–September 2026) on Tuesday, 3 November 2026, the date of the board meeting it has notified to the exchanges.
On FY26 consolidated figures, against Surya Roshni, SML Mahindra and TD Power Systems: Subros' operating margin of 5.3% is the third highest of the four (Surya Roshni 4.7%, SML Mahindra 8.0%, TD Power Systems 16.5%; peer average 9.7%); its return on equity of 14.2% is the third highest of the four (Surya Roshni 11.2%, SML Mahindra 35.4%, TD Power Systems 24.7%; peer average 23.8%); its revenue growth over three years of 10.2% a year is the third highest of the four (Surya Roshni −1.9% a year, SML Mahindra 15.9% a year, TD Power Systems 28.6% a year; peer average 14.2% a year).
From Subros' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.