{"id":330124,"date":"2026-10-28T11:48:26","date_gmt":"2026-10-28T06:18:26","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=330124"},"modified":"2026-10-28T11:48:26","modified_gmt":"2026-10-28T06:18:26","slug":"subros-shares-jump-on-rs-1225-crore-maruti-suzuki-hvac-order-seven-year-contract-q1-numbers-valuation-and-what-next","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/subros-shares-jump-on-rs-1225-crore-maruti-suzuki-hvac-order-seven-year-contract-q1-numbers-valuation-and-what-next\/","title":{"rendered":"Subros Shares Jump Up to 10% on Rs 1,225 Crore Maruti Suzuki Order: Seven-Year HVAC Contract, Q1 Numbers, Valuation and What Next"},"content":{"rendered":"

Subros shares jumped as much as 10.2% to Rs 678.80 on the NSE on Wednesday, 28 Oct 2026, after the company won an order worth about Rs 1,225 crore from Maruti Suzuki, but at 11:26 AM they traded at Rs 624.05, up only 1.33% from Rs 615.85 and about 8.1% below the day high (my calculation). The contract covers HVAC assemblies over about seven years.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Subros shares jumped up to 10% because the company won a Rs 1,225 crore order from Maruti Suzuki to supply YM3 and YU0 HVAC assemblies over a life cycle of about seven years. The order equals about 30% of the company’s market cap and about Rs 175 crore a year if spread evenly (my calculation), but the start date is tied to Maruti’s production milestones and the stock has already given back most of its gain. Q1 FY27 revenue rose 17.5% while the operating margin fell to 8.44%, and Q2 results have not been reported. This is educational and not a recommendation.<\/p>\n<\/p><\/div>\n

Subros shares are in focus because a seven-year contract with India’s largest passenger vehicle maker gives the company long-term visibility. This article covers the Subros Maruti Suzuki order, what it means for revenue, the Q1 numbers, the valuation of Subros shares and the technical levels, using prices as of 11:26 AM IST.<\/p>\n

The sources do not give a start date for deliveries, the expected margin on the order or the existing order book, and I did not find the Q2 FY27 results date. Subros is a thermal systems supplier, and the order was announced on 27 Oct. It is educational and not advice.<\/p>\n

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