ETMarkets.comHDFC Securities has buy call on Subros with a target price of Rs 315. The current market price of Subros is Rs 292.05. HDFC Securities recommended to keep stop loss at Rs 279.
Subros, incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 1905.54 Crore) operating in Auto Ancillaries sector.
Subros key Products/Revenue Segments include Air Conditioning Equipment And Accessories, Scrap and Sale of services for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 663.00 Crore, down -5.18 % from last quarter Total Income of Rs 699.19 Crore and up 21.00 % from last year same quarter Total Income of Rs 547.94 Crore. Company has reported net profit after tax of Rs 8.19 Crore in latest quarter.
The company’s top management includes Mr.Ramesh Suri, Mr.Tomoaki Yoshimori, Mr.Parmod Kumar Duggal, Mr.Hidemasa Takahashi, Mr.Arvind Kapur, Mr.M A Pathan, Mrs.Meena Sethi, Mr.K R Ramamoorthy, Mr.Shailendra Swarup, Mr.G N Mehra, Dr.Jyotsna Suri, Ms.Shradha Suri, Mr.Yasuaki Matsunaga. Company has Price Waterhouse Chartered Accountants LLP as its auditors. As on 31-12-2022, the company has a total of 7 Crore shares outstanding.
Investment Rationale
Promoter/FII Holdings
Promoters held 36.79 per cent stake in the company as of 31-Dec-2022, while FIIs owned 0.62 per cent, DIIs 13.15 per cent.
Subros, incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 1905.54 Crore) operating in Auto Ancillaries sector.
Subros key Products/Revenue Segments include Air Conditioning Equipment And Accessories, Scrap and Sale of services for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 663.00 Crore, down -5.18 % from last quarter Total Income of Rs 699.19 Crore and up 21.00 % from last year same quarter Total Income of Rs 547.94 Crore. Company has reported net profit after tax of Rs 8.19 Crore in latest quarter.
The company’s top management includes Mr.Ramesh Suri, Mr.Tomoaki Yoshimori, Mr.Parmod Kumar Duggal, Mr.Hidemasa Takahashi, Mr.Arvind Kapur, Mr.M A Pathan, Mrs.Meena Sethi, Mr.K R Ramamoorthy, Mr.Shailendra Swarup, Mr.G N Mehra, Dr.Jyotsna Suri, Ms.Shradha Suri, Mr.Yasuaki Matsunaga. Company has Price Waterhouse Chartered Accountants LLP as its auditors. As on 31-12-2022, the company has a total of 7 Crore shares outstanding.
Investment Rationale
Surpassed the hurdle of the downtrend line at 285levels. Daily RSI shows a positive indication.
Promoter/FII Holdings
Promoters held 36.79 per cent stake in the company as of 31-Dec-2022, while FIIs owned 0.62 per cent, DIIs 13.15 per cent.
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