Subros SUBROS
HVAC and battery thermal management systems
Mapped in 1 theme: Electric 4-Wheeler.
Where Subros sits in the supply chain
Subros appears in 1 supply-chain layer in one theme, Electric 4-Wheeler.
Electric 4-Wheeler › Thermal management
Direct supplierRevenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 3,071 | 3,368 | 3,756 |
| Net profit | 98 | 150 | 166 |
Latest-year revenue ₹3,756 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths
- Established automotive HVAC manufacturing base to extend into battery thermal management as EV volumes grow
Risks
- Battery thermal management is a growing but still-emerging segment within a broader automotive HVAC/AC business
Common questions
What does Subros do?
HVAC and battery thermal management systems.
Where does Subros sit in the supply chain?
Subros (NSE: SUBROS) is mapped in 1 supply-chain layer: Thermal management (Electric 4-Wheeler).
What is Subros' market cap and valuation?
As of 30 Oct 2026: market cap ₹3,753 Cr, P/E 21.8x, ROCE 19.2%, ROE 14.5%, dividend yield 0.52%.