AI Summary
✦ ClarthaSubros is an automotive thermal-products manufacturer serving India and export markets. Compressors, condensers, and HVAC units anchor automotive revenue, while bus, railway-driver-cabin, commercial, residential, and transport refrigeration systems broaden applications. Its deeper technical pact on electric compressors could support EV-related growth, though near-term profit growth remains limited at 10.0%. Stable margins provide some earnings visibility, but ROE is unavailable and debt/equity of 6.01 indicates substantial leverage, increasing financial risk and potentially magnifying reported ROE. Revenue grew 11.5% year on year, while June-quarter results showed only 1.69% consolidated profit growth, alongside conflicting reported loss disclosures. At 32.7x earnings, the stock appears rich relative to its growth rate, with leverage and uncertain EV conversion limiting upside.
Price Forecast
Probabilistic Range
Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.
Revenue Forecast
₹ CrEPS Forecast
₹ / shareMulti-factor synthesis of 5 key dimensions
From 2 analysts
Fundamentals
Fundamentals institutional score is 76 using growth durability 76.3.
Valuation
Valuation institutional score is 38 using relative multiple z-scores where peer dispersion is available.
Analyst Consensus
Analyst View institutional score is 73 using mean target upside 15.3%; dispersion penalty 11.2; recommendation breadth from available consensus.
Technical Structure
Technicals institutional score is 80 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.
Market Sentiment
Recent news flow is balanced or not decisive enough to tilt the tape. Based on 8 recent ticker-linked news items.
Signal Summary
Market intelligence remains Neutral. fundamentals and analyst consensus provide support, while valuation and market sentiment remain considerations.
Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.
Key Data Points
Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.
Valuation Metrics
Trading 24.0% above historical median. Valuation is rising — currently in the overvalued zone (z-score: +0.84). Confidence: 76%.
Live forward EPS implies next-12-month EPS of ₹37.80. Applying the stock's normalized valuation corridor produces a fair range of ₹890.57 to ₹1,186.54, with base value near ₹996.41 (+28.0% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹37.80
Forward P/E
20.6x
Base Fair Value
₹996.41
Fair Range
₹890.57 - ₹1,186.54
Upside To Base
+28.0%
Estimate Source
Live forward EPS
Growth Estimate
+1.6%
5Y Average
21.95
Current
32.68
Overvalued
31.39
Undervalued
23.56
5Y Average
10.90
Current
15.23
Overvalued
14.36
Undervalued
6.74
5Y Average
0.93
Current
1.30
Overvalued
1.07
Undervalued
0.79
Peers & Comparison
Sector: Consumer Discretionary · Theme: Auto Parts
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
FIEM INDUSTRIES LIMITED FIEMINDAuto Parts | +17.4% | 9.2% | 26.2x Undervalued | -28% vs avg | +42.3% |
JAMNA AUTO IND LTD JAMNAAUTOAuto Parts | +6.7% | 8.8% | 22.3x Undervalued | -38% vs avg | +62.2% |
BELRISE INDUSTRIES LTD BELRISEAuto Parts | +12.1% | 5.2% | 43.5x Premium | +20% vs avg | +86.2% |
ASK AUTOMOTIVE LIMITED ASKAUTOLTDAuto Parts | +52.4% | 6.8% | 40.8x Fair | +13% vs avg | +36.5% |
BANCO PRODUCTS (I) LTD BANCOINDIAAuto Parts | +25.6% | 12.4% | 19.5x Undervalued | -46% vs avg | +14.2% |
ASAHI INDIA GLASS LIMITED ASAHIINDIAAuto Parts | +15.0% | 8.5% | 52.1x Premium | +44% vs avg | +9.6% |
CIE AUTOMOTIVE INDIA LTD CIEINDIAAuto Parts | +10.6% | 5.7% | 17.3x Undervalued | -52% vs avg | +3.3% |
JBM AUTO LIMITED JBMAAuto Parts | +15.0% | 3.6% | 67.5x Premium | +86% vs avg | +9.3% |
SUBROS LIMITED trades at a discount (30.7x vs peer avg 36.2x), suggesting potential undervaluation relative to the Auto Parts cohort. Peers include FIEM INDUSTRIES LIMITED, JAMNA AUTO IND LTD, BELRISE INDUSTRIES LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹948 CrDec 2025Latest net profit
₹43 CrDec 2025Latest EPS
₹5.35Dec 2025Net margin
5.3%Dec 2025Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Dec 2025
Debt level and coverage
Debt, cash and free cash flow compared on the same crore scale.
- Debt
- Free cash flow
- Cash & equivalents
Results
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 748 | 693 | 813 | 732 | 832 | 810 | 828 | 821 | 908 | 878 | 880 | 948 |
| Expenses | 697 | 646 | 743 | 673 | 754 | 733 | 752 | 745 | 816 | 796 | 811 | 866 |
| Operating Profit | 23.09 | 19.85 | 41.36 | 31.19 | 45.3 | 46.65 | 44.77 | 44.22 | 58.52 | 51.18 | 37.08 | 49.83 |
| OPM % | 3.09% | 2.86% | 5.09% | 4.26% | 5.45% | 5.76% | 5.4% | 5.39% | 6.44% | 5.83% | 4.21% | 5.26% |
| Other Income | 5.69 | 1.52 | 2.84 | 6.59 | 3.72 | 3.18 | 6.35 | 4.79 | 6.46 | 5.69 | 19.51 | 5.75 |
| Interest | 2.09 | 1.59 | 2.54 | 3.82 | 3.72 | 2.67 | 2.45 | 3.21 | 3.15 | 2.43 | 2.1 | 2.83 |
| Depreciation | 27.9 | 27.43 | 28.87 | 28.37 | 31.84 | 30.59 | 31.71 | 31.63 | 34.24 | 30.83 | 31.39 | 31.6 |
| Profit before tax | 26.69 | 19.78 | 41.66 | 33.96 | 45.3 | 47.16 | 48.67 | 45.8 | 61.83 | 54.44 | 54.49 | 52.75 |
| Tax % | 30.16% | 31.95% | 35.84% | 21.11% | 32.27% | 25.98% | 25.11% | 28.3% | 25.28% | 25.31% | 25.51% | 18.64% |
| Net Profit | 18.64 | 13.46 | 26.73 | 26.79 | 30.68 | 34.91 | 36.45 | 32.84 | 46.2 | 40.66 | 40.59 | 42.92 |
| EPS in Rs | 2.86 | 2.06 | 4.10 | 4.11 | 4.70 | 5.35 | 5.59 | 5.03 | 7.08 | 6.23 | 6.22 | 5.35 |
All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.