Buying Shares of Good company in bad times can be rewarding for long term
SUBROS LTD-cmp 175 but I would like to buy below 150
It’s a market leader in the Indian automotive air-conditioning market with a 45% market share in automotive AC.
SUBROS LTD-cmp 175 but I would like to buy below 150
It’s a market leader in the Indian automotive air-conditioning market with a 45% market share in automotive AC.
Major revenue close to 70% - from Maruti ( this can be risky too ) .
Currently, car AC’s attribute to around 75%of revenue and now company is targeting commercial vehicles, railways and home AC’s to grow in these segments. .
Currently, car AC’s attribute to around 75%of revenue and now company is targeting commercial vehicles, railways and home AC’s to grow in these segments. .
Home AC segment revenue-93 Cr in fy 19-20 and Company is focusing in this segment.( Contract manufacturing like Amber ent )
Import content is currently 25% of total sales and dependency on China is only 3-4%.
Import content is currently 25% of total sales and dependency on China is only 3-4%.
Apart from China, Subros imports content from countries like Thailand, Indonesia and Japan. In Home AC segment, import content is around 45%
Right now because of low demand of AC both automotive and home AC as well as Railway Ac ( because of tender delay ) upcoming results may be bad but I think any fall in share price can be a buying opportunity for long term
Debt 123 Cr
Increase in other liabilities is a concern
promoters holding 36.79%
Denso Corp ( it’s Japanese technology partner ) holding 20%
Suzuki motors -around 12%
-
Positive triggers could be
-Turnaround in automotive cycle
-Growth in home AC segment
-Railway Tender.
Increase in other liabilities is a concern
promoters holding 36.79%
Denso Corp ( it’s Japanese technology partner ) holding 20%
Suzuki motors -around 12%
-
Positive triggers could be
-Turnaround in automotive cycle
-Growth in home AC segment
-Railway Tender.
