Whalesbook
Toh bhai, Subros Ltd ne Q4 FY26 ke numbers toh nikaal diye, jisme revenue 15.6% badh kar ₹1,050 crore ho gaya, aur net profit bhi 6.8% jump kar ke ₹49.3 crore pahunch gaya. Par asli dikkat toh EBITDA margins mein aayi hai, jo 10.2% se ghisat kar sirf 8.8% reh gaye. Company ne kaha ki material costs, currency ki problem aur employee expenses badh gaye, bhale hi unhone cost cutting ki koshish ki.
Ab market reaction dekho toh, announcement ke din stock 2.60% neeche gir gaya aur ₹728.00 pe band hua. Lagta hai investors ko revenue growth se zyada margin compression ki chinta ho gayi. Sector mein bhi yahi chal raha hai - steel, aluminium ke daam badh rahe hain aur dollar ke saamne rupee kamzor ho raha hai.
Jo dusre bade players hain na, jaise Minda Industries ya Dixon Technologies, woh bhi kuch aisi hi situation face kar rahe hain. Subros ka valuation abhi market ke hisab se lagbhag 30x ke aas paas hai, par agar margins aise hi tight rahe toh valuation pe pressure aa sakta hai.
Company ne cost cutting karke aur naye business se bachane ki koshish ki hai, par agar ye raw material aur currency ke issues lambe time tak bane rahe toh profit pe asar padega hi. Woh EV components mein bhi invest kar rahe hain, par abhi bhi zyada tar revenue ICE gaadiyon se aata hai, jiska future abhi pakka nahi hai.
Waise, company ne ₹3 per share ka dividend bhi recommend kiya hai, jo shareholder returns ke liye achi baat hai. Analysts ka kehna hai ki company ko cost control karna hoga aur margin improve karna hoga. Mostly analysts ne 'Hold' rating di hai aur price target ₹750-₹800 ke beech rakha hai.