Subros share news, announcements and annual reports

NSE: SUBROSBSE: 517168Industrial ProductsSmall Cap

Subros Limited · Face value ₹2 · Listed Dec 1988 on BSE, Jul 2005 on NSE

₹576.35₹9.75 (1.66%)BSE ₹576.30

Share price at the NSE close on 30 Oct 2026. Previous close ₹586.10.

30 Oct: open ₹597.90, high ₹597.90, low ₹573.00

52-week range of traded prices to 30 Oct 2026

₹572.20Low, 28 Oct 2026₹1,150.00High, 30 Oct 2025

Next results date: the board meets on 3 Nov 2026 to consider: financial results. The notice · Results calendar

Market cap: ₹3,760 Cr786th largest listed
P/E: 22.60
P/B: 3.02
Dividend yield: 0.52%
ROE: 14.2%
ROCE: 15.7%
Debt to equity: 0.02
Volume, NSE: 85,37139.7% delivered

Subros orders, deals and press releases

35 filed, newest first.

Oct 2026
- 28 Oct · Business
  Capacity addition
- 27 Oct · Business
  Bagging/Receiving of orders/contracts
- 15 Oct · Business
  Press release dated October 15, 2026, titled "Press Release regarding the inauguration of Subros Advanced Technologies &Innovation Centre (SATIC) at Noida.".
Jan 2026
- 29 Jan · Business
  Bagging/Receiving of orders/contracts
Dec 2025
- 4 Dec · Business
  Bagging/Receiving of orders/contracts
Oct 2025
- 25 Oct · Business
  Additional details under Regulation 30
- 17 Oct · Business
  Press release dated October 17, 2025, titled "New Order from Indian Railways.".
Dec 2024
- 14 Dec · Business
  Press release dated December 14, 2024, titled "SUBROS LIMITED recognized as TOP 75 Innovative Company by CII".
Nov 2024
- 7 Nov · Business
  Capacity addition
Dec 2023
- 9 Dec · Business
  Press release dated December 09, 2023, titled "New order from Indian Railways for Coach Air- conditioners".
Sep 2023
- 4 Sep · Business
  Press release dated September 04, 2023, titled "Development of indigenous thermal EV solution for Hydrogen Cell Bus".
Dec 2021
- 16 Dec · Business
  Press release dated December 16, 2021, titled "New Product order from Indian Railways for coach air-conditioners". The Company is pleased to inform that it has bagged an order from Indian Railways for supply of Coach Air-conditioners (LHB-RMPU Type 1) in a recently concluded tender. The Company is already a supplier of Rail Driver Cabin Air-Conditioning system and with this business, the complete scope of air conditioning for rail driver cabin and coaches is complete. This is in line with its strategic direction to expand business in Railway Electric Mobility Segment.
Mar 2020
- 12 Mar · Business
  Press release dated March 12, 2020, titled "No Impact of Novel Carona-19 Virus and Banking Disruption". New Delhi March 12, 2020: Subros Limited, India's leading manufacturer of Thermal Products for automotive applications in India. The Company has been in continuous review of the impact of Novel Carona Virus on its supplies to its Customer so far. The company confirms that there is no disruption in supply to customers as per plan given by them. Further on banking disruption, there is no impact of such disruptions on our business.
Nov 2019
- 20 Nov · Business
  Press release dated November 19, 2019, titled "Inauguration of 9th state-of-the-art New Karsanpura Plant". November 19, 2019: Subros Limited today formally inaugurated its 9th state-of-the-art manufacturing plant. The new plant was inaugurated by Mr. Kenichi Ayukawa, Managing Director and CEO, Maruti Suzuki India Limited, Mr. Fumitaka Taki, Chairman and Managing Director, DENSO International India Pvt. Ltd and Mr. Ramesh Suri, Chairman, Subros Limited in the presence of Dr Jyotsna Suri, Director, Subros Limited & CMD Bharat Hotels Ltd, Mr Motohiro Atsumi, Managing Director, Suzuki Motor Gujarat Pvt. Ltd, Mrs Shradha Suri, Managing Director, Subros Limited and senior management of Maruti Suzuki, Suzuki Motor and DENSO.The Greenfield plant has been set-up at Village Karsanpura, Taluka Mandal, District Ahmedabad in Gujarat. The Phase-1 of the project now stands completed.
- 18 Nov · Business
  Press release dated November 18, 2019, titled "Order of the Rising Sun, Gold and Silver Star by Japanese Prime Minister to Dr Jyotsna Suri, Director".Subros Limited is pleased to inform that Dr. Jyotsna Suri, Director of the Company has been conferred with the Order of the Rising Sun, Gold and Silver Star. She recently received the prestigious award from the Japanese Prime Minister, Mr. Shinzo Abe, in the presence of His Majesty, The Emperor at The Imperial Palace, Japan. The Order of the Rising Sun was instituted by Japanese Emperor Meiji in the year 1875 and awarded for exceptional services in civil and military fields. She is the first Indian woman to have received the Imperial honour since its commencement for foreign nationals in 1981. The award is in recognition of Dr. Jyotsna Suri s contribution to strengthening strategic ties between India and Japan in economic and tourism sectors.
Apr 2019
- 15 Apr · Business
  Press release dated April 15, 2019, titled "Expansion in Home AC business".Further to our communication of 28th March, 2019 regarding Memorandum of Understanding with Zamil Air Conditioners Private Ltd (ZAMIL) to acquire ZAMIL's certain assets relating to manufacture of Home Air conditioning systems; we are pleased to update that the Company has executed definitive agreement(s) in this regard for a total transaction value of INR 111.50 million. The Company has an order book of INR 900 million from OEM customer(s) for supply of Home Air conditioning units. The execution of the orders will be by using the manufacturing factories of ZAMIL at Nalagarh, District Solan, Himachal Pradesh.
Mar 2019
- 28 Mar · Business
  Press release dated March 28, 2019, titled "Expansion in Home AC business".New Delhi March 28, 2019: Subros Ltd, in line with its long term plan and strategic intent to expand business in Home AC domain, had initiated manufacturing and business development activities in this segment during past few years. To add product range of Indoor Unit, Outdoor Unit and Window AC Units for realizing the growth potential faster, Subros Ltd has entered into a Memorandum of Understanding with Zamil Air Conditioners India Pvt Ltd (ZAMIL) to acquire ZAMIL's certain assets relating to manufacture of Home Air conditioning systems. Subros Ltd is in the process to enter into definitive agreements in this regard. Through this initiative, Subros Ltd will create capacity of 500,000 units per year and also expand its supply of Home Air Conditioning units to various OEM's. The transaction is subject to customary closing events and is expected to be completed during April, 2019
Feb 2019
- 8 Feb · Business
  Statement of deviation(s) or variation(s) under Reg. 32 of SEBI (LODR) Regulations 2015
- 4 Feb · Business
  Press release dated February 04, 2019, titled "Subros gets recognitions for overall excellence in various aspects of Business from Automotive Components Manufacturers Association (ACMA)". New Delhi January 30, 2019: In pursuant of our Journey of Excellence and our endeavors to establish ourselves an inspiring and committed partner for our customers, we are pleased to inform the stakeholders that the Company has got recognition from ACMA for various categories of businessamong all auto component manufacturer companies. The details of prestigious awards are as follows:-(i) Gold Award Manufacturing Excellence(ii) Gold Award Consistent Performing Company(iii) Gold Award Excellence in Quality & Productivity(iv) Gold Award Excellence in Health, Safety & Environment(v) Silver Award Excellence in Human ResourceThese awards will help the Company to further strengthen customer confidence for long term business engagements.
Jan 2019
- 29 Jan · Business
  Press release dated January 29, 2019, titled "Entrustment business of Engine Cooling Module shifted to Subros as regular business by DENSO". New Delhi January 29, 2019: In the year 2014, Subros and DENSO Haryana Pvt Ltd entered intoEntrustment Production Contract for Engine Cooling Module (ECM Assembly)and has been going onsuccessfully for last 4 years. DENSO, aiming to further strengthen their Thermal business in the Indian market and strengthening collaboration with Subros, has decided that in addition to theTechnical Assistance Agreements with Subros in the current Air Conditioning business, DENSOwould be applying the same scheme to ECM business also. Based on this, current entrustmentbusiness of ECM will move to Subros as regular business and the Company shall be supplying theseparts directly to its customers. Effective date of such change for MSIL Manesar and Gurgaon supplywould be from 1st February, 2019 and for SMG supply from 1st March, 2019.This arrangement will helpthe Company to realise lean production system and remain more competitive in this market.The Company is expecting to reach to 1 million production of ECM in the current financial year 2018-19and it will further expand as per growth in line with customer(s) demand.
Dec 2018
- 7 Dec · Business
  Allotment of 5247150 securities pursuant to Preferential Issue at its meeting held on December 07, 2018We hereby inform you that a meeting of the Allotment Committee of the Board of Directors of the Company was held today i.e. 7th December, 2018 at Noida, which commenced at 11:30 hours and concluded at 11:55 hours. The Allotment Committee of the Board of Directors of the Company at this meeting, allotted 52,47,150 Equity Shares of Rs. 2/- each, on preferential basis, at a price of Rs. 400/- per Equity Share (including a premium of Rs. 398/- per equity share) to DENSO Corporation, Japan for a total consideration of Rs. 209,88,60,000/- (Rupees Two Hundred Nine Crores Eighty Eight Lakhs and Sixty Thousand Only).Further, upon allotment, the equity paid-up capital of the Company stands increased to Rs. 13,04,71,500/- (Rupees Thirteen Crores Four Lakhs Seventy One Thousand and Five Hundred only) divided into 6,52,35,750 equity shares of Rs. 2/- each) from Rs. 11,99,77,200/- (Rupees Eleven Crores Ninety Nine Lakhs Seventy Seven Thousand and Two Hundred only) divided into 5,99,88,600 equity shares of Rs. 2/- each.The details as required under Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/412015 dated 9th September, 2015 with respect to issuance of equity shares has already been submitted previously and the same be kindly taken on record.
Jul 2018
- 31 Jul · Business
  Press release dated July 30, 2018, titled "SUBROS IS RECOGNISED AS ONE OF THE WEALTH CREATORS AMONG FORTUNE INDIA NEXT 500 COMPANIES" (Ranked 69th) BY FORTUNE INDIA FORUM".New Delhi July 30, 2018: We are happy to inform the Shareholders that the Company has got recognition from the Fortune India forum and placed SUBROS at rank 69th in Fortune India Next 500 companies in India. The criterion for such ranking is MAXIMUM WEALTH CREATION during the past year(s).The Company was facilitated in a recent award function held on 27th July, 2018 at Gurgaon. The facilitation ceremony was presided over by the Union Minister of Steel Shri. Chaudhary Birender Singh and Union Minster of Civil Aviation Shri. Jayant Sinha. Our Managing Director Ms. Shradha Suri received the award on behalf of the Company.
- 23 Jul · Business
  Press release dated July 23, 2018, titled "Enhanced localisation efforts to support long term EBIDTA level".New Delhi July 23, 2018: In pursuit of improving financial performance of the Company and enhance the competitiveness in the Industry, Subros had been reporting to the investors in past that the Company is emphasizing on improving localisation level strongly. This effort will de-risk the Company from the foreign exchange fluctuations and also improve EBIDTA margins.To execute this approach, Subros has influenced one of its key supplier for localisation of blower motors in India through a joint venture between the supplier and leading motor manufacturer of Japan, Yamamoto Electric Company, Japan. This JV is already executed and start of production would be in October, 2019. This localized sourcing will reduce import content by approx. 20% of the total import by the Company and help reduction of material cost and improve EBIDTA margins.
- 11 Jul · Business
  Press release dated July 10, 2018, titled "Newspaper Publication-Notice of Annual General Meeting, E-voting and Book closure ".Please find attached herewith a copy of notice of Annual General Meeting, E-voting and Book closure published in the requisite newspaper(s) in accordance with regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Jun 2018
- 12 Jun · Business
  Press release dated Jun 12, 2018, titled "Customer Recognitions ".New Delhi June 12, 2018: In pursuant of its Journey of Excellence, we are pleased to inform its stakeholders that the Company has received prestigious awards from its customers in recently concluded events. Maruti Suzuki India Limited has awarded the Company Overall Excellence Award, Mahindra and Mahindra Limited has awarded "Innovation Award for farm sector and Ashok Leyland Limited has awarded the Company "Best Debutant Gold Award" in Truck segment. These awards are very important for the Company for building customer confidence for long term business engagement.
Jan 2018
- 5 Jan · Business
  Press release dated January 05, 2018, titled "Sub: Start of production of Blower for Truck ".New Delhi January 5, 2018: During the past year, Subros Limited has intimated its investors and stakeholders about the impact of notification(s) issued by the Ministry of State for Road Transport and Highways about introduction of Blower in Truck application for N2 (3.5 to 12 tonnes) and N3 (above 12 tonnes) category trucks. In this regard the Company also announced that the businesses from Ashok Leyland, Swaraj Mazda Isuzu, Mahindra Truck and Bus Division and Tata Motors Limited has been tied up.In this regard, we are pleased to announce that the Company has started supply to these customers from 1st January, 2018 as per schedule. While majority of the customers have opted for Blower application in truck as per the notification but few customers have chosen for air-conditioning fitment as an optional action.
Oct 2017
- 31 Oct · Business
  Press release dated October 31, 2017, titled "Subros extends its Railway Business with orders from Indian Railways, bombardier India and Medha Servo Drives Pvt Ltd".New Delhi October 31, 2017: Earlier, Subros informed stakeholders about the Company's focus on providing Air Conditioning solutions for driver cabin of Indian Railways (DLW). In the past two years, all the supplies against allotted tenders have already been completed.In continuation with business expansion activity in this segment, we are pleased to inform that the Company has bagged further order from Indian Railways with an approximate value of Rs. 10 Crores. This order will be executed within the current financial year. Further, the Company has been shortlisted by two major Tier 1 suppliers of Indian Railways, M/s Bombardier India and M/s Medha Servo Drives Pvt. Ltd. They have engaged with Subros for future projects with Integral Coach Factory (ICF), Chennai. As part of this engagement, both the companies have awarded trial orders to Subros. With this, we expect exceptional business growth in this segment.
- 30 Oct · Business
  Press release dated October 30, 2017, titled "SUBROS makes an entry into Truck Cabin AC business/Blower".On August 8, 2017, the Ministry released a draft notification that requires all N2 & N3 category vehicles to be equipped with air conditioning system or ventilation system conforming to requirements of AIS 056 (Rev 1): 2017 effective from January 1, 2018. The AIS 056 Requirements of Truck Cabin Ventilation System for Category N2 & N3 Vehicles provides guidelines for natural and forced ventilation. This includes the guidelines for both OE and third party built cabs.In this regard, we are pleased to announce that Subros Limited has acquired businesses for Blower assembly from Ashok Leyland, Swaraj Mazda Isuzu, Mahindra Truck and Bus Division and Tata Motors Limited. In addition, few of these customers are choosing air-conditioning fitment as an optional action. In the coming year, the new business opportunity will add approximately Rs.175 Crores to the top line of Subros Limited.
Aug 2017
- 22 Aug · Business
  Allotment of 500 securities pursuant to Non Convertible Securities at its meeting held on August 22, 2017
Mar 2017
- 30 Mar · Business
  Press release dated March 30, 2017, titled "SUBROS RE-OPENS ITS MANESAR PLANT AFTER THE FIRE INCIDENT".Manesar, March 29, 2017: Subros Limited today re-opened its Manesar Plant after the fire incident which took place on May 29, 2016 severely impacting the building, plant & machinery, stocks and other assets. The Plant re-opening was graced by the presence of Mr. R.C. Bhargava, Chairman, Maruti Suzuki India Ltd, Mr. K. Ayukawa, Managing Director, Maruti Suzuki India Ltd, Mr. Y. Iida, Sr. Executive Director, Thermal Group from Denso Corporation, Japan and other senior dignitaries from Maruti Suzuki and Denso.Those present included top officials from Maruti Suzuki, Denso subsidiaries in India, key members from the auto component industry and senior dignitaries from the Government Administration, Banking and Insurance sector. Company BriefSubros Limited, is a leading manufacturer of automotive air conditioning systems and thermal products for automotive applications in India.Subros Limited, founded in 1985 as a joint venture public limited company with 40% ownership by Suri family of India and 13% ownership by Denso Corporation & Suzuki Motor Corporation each, is the leading manufacturer of thermal products for automotive applications in India, in technical collaboration with Denso Corporation, Japan. The Company is the only integrated manufacturing unit in India for Auto Air Conditioning systems and Thermal Products. Subros Ltd. manufactures compressors condensers, heat exchangers and all connecting elements required to complete AC loop and caters to all segments viz. Passenger Vehicles, Buses, Trucks, Refrigeration Transport and Railways.
Feb 2017
- 15 Feb · Business
  Press release dated February 15, 2017, titled "Sub: Start of Supplies of ECM Assy. (Denso Entrustment Production)".
- 13 Feb · Business
  Press release dated February 13, 2017, titled "Sub: Start of Supplies to Suzuki Motor Gujarat Pvt. Ltd for Air Conditioning Parts".Dear Sir/MadamSub: Start of Supplies to Suzuki Motor Gujarat Pvt. Ltd for Air Conditioning PartsThis is with reference to regulation 30 of SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015, we give below the update:- New Delhi February 13, 2017: Subros Limited, India's leading manufacturer of Thermal Products for automotive applications in India. Subros Limited is a key supplier to Maruti Suzuki India Limited for their Gurugram and Manesar Plants.Subros Limited has also started supplies to Suzuki Motor Gujarat Private Limited (SMG) from its Gujarat Plant and is gearing up capacities to cater SMG both current and future requirements.Company BriefSubros Limited, founded in 1985 as a joint venture public limited company with 40% ownership by Suri family of India and 13% ownership by Denso Corporation & Suzuki Motor Corporation each, is the leading manufacturer of thermal products for automotive applications in India, in technical collaboration with Denso Corporation, Japan. The Company is the only integrated manufacturing unit in India for Auto Air Conditioning systems and Thermal Products. Subros Ltd. manufactures compressors condensers, heat exchangers and all connecting elements required to complete AC loop and caters to all segments viz. Passenger Vehicles, Buses, Trucks, Refrigeration Transport and Railways. This is for your information and record pleaseThanking you,
- 2 Feb · Business
  Press release dated February 02, 2017, titled "Subject- Major order from Indian Railways, Diesel Locomotive Works, Varanasi".This is with reference to regulation 30 of SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015, please find below the update:- New Delhi Feb 2, 2017: Subros Limited, is a leading manufacturer of automotive air conditioning systems and thermal products for automotive applications in India. Subros Limited, has also been supplying cab mounted HVAC Units to Indian Railways for Driver Cabin application. The Company has received another major order of 306 Kits from Indian Railways - Diesel Locomotive Works (DLW), Varanasi for which supplies are to be executed. The Company has made efforts for development of product to meet DLW's and CLW s requirements & expects continued business from Indian Railways in future also.Company BriefSubros Limited, founded in 1985 as a joint venture public limited company with 40% ownership by Suri family of India and 13% ownership by Denso Corporation & Suzuki Motor Corporation each, is the leading manufacturer of thermal products for automotive applications in India, in technical collaboration with Denso Corporation, Japan. The Company is the only integrated manufacturing unit in India for Auto Air Conditioning systems and Thermal Products. Subros Ltd. manufactures compressors condensers, heat exchangers and all connecting elements required to complete AC loop and caters to all segments viz. Passenger Vehicles, Buses, Trucks, Refrigeration Transport and Railways. This is for your information and record please
Sep 2014
- 4 Sep · Business
  Denso Corporation Japan and Subros Limited, India has entered in to Memorandum of Understanding wherein Denso intends to entrust production Engine Cooling Module and Global Standard Radiator in India to Subros. The location of entrustment production would Subros Manesar plant. Start of production is intended December, 2015. It has an annual Sales potential of Rs. 200 crs approximately and will entail an additional investment of approx Rs. 48 crs spread over next 3 years
Jun 2010
- 30 Jun · Business
  Press Release dated June 30, 2010 titled "Subros Limited and Denso to Establish Product Design Joint Venture in India".

Subros orders, deals and press releases

Oct 2026

Jan 2026

Dec 2025

Oct 2025

Dec 2024

Nov 2024

Dec 2023

Sep 2023

Dec 2021

Mar 2020

Nov 2019

Apr 2019

Mar 2019

Feb 2019

Jan 2019

Dec 2018

Jul 2018

Jun 2018

Jan 2018

Oct 2017

Aug 2017

Mar 2017

Feb 2017

Sep 2014

Jun 2010