Subros Share Price Target 2027: What Earnings Say About Rs 724 and Rs 868

Investors weighing a Subros target price for 2027 should start with where the stock sits today. At Rs 596.05 on 6 November 2026, it is 43.3% below its 52-week high of Rs 1,050.70 and 4.2% above its 52-week low of Rs 572.10. That range spans 84% from low to high, so the entry point matters as much as the Subros price forecast itself.

This article builds the Subros share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.

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Subros Stock Analysis: Company Overview and Key Stats

Subros (NSE: SUBROS) has a market capitalisation of Rs 3,939 crore. In FY26 it reported revenue of Rs 3,794 crore and net profit of Rs 165.65 crore. The table collects the figures the Subros share price target is built on.

Metric	Value
Company	Subros
NSE Ticker	SUBROS
CMP (6 November 2026)	Rs 596.05
52-Week High	Rs 1,050.70
52-Week Low	Rs 572.10
Market Cap	Rs 3,939 crore
PE Ratio (TTM)	23.13
Industry PE	37.11
Price to Book	3.01
Return on Equity	13.00%
Debt to Equity	0.08
EPS (TTM)	Rs 26.10
Dividend Yield	0.50%
12-Month Base Target	Rs 724
Bull Case	Rs 868
Downside Risk Level (not a target)	Rs 483

Why Is Subros Share Price Target Set at Rs 724 for 2027?

The arithmetic is short. Trailing EPS of Rs 26.10 grown for one year gives a forward EPS estimate of Rs 31.32, and multiplying it by the unchanged PE of 23.13 gives the Rs 724 base-case Subros stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Subros Target Price: Five Years of Results

Subros grew revenue from Rs 2,248 crore in FY22 to Rs 3,794 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew faster, from Rs 32.49 crore to Rs 165.65 crore (50.3% a year), which shows margin gains did part of the work and not just higher sales.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	2,248.19	32.49	4.98	0.70
FY23	2,826.57	47.92	7.35	1.00
FY24	3,085.12	97.62	14.96	1.80
FY25	3,388.29	150.54	23.07	2.60
FY26	3,793.98	165.65	25.39	3.00

FY26 revenue growth was 12.0%, slower than the four-year average of 14.0%, and net profit moved up 10.0%. EPS rose from Rs 14.96 in FY24 to Rs 25.39 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Subros converted 4.4% of FY26 revenue into net profit, against 4.4% in FY25, within a five-year range of 1.4% to 4.4%. EBITDA margin was 9.3% in FY26 versus 10.1% in FY25.

In the September 2026 quarter, revenue was Rs 1,206 crore, up 34.1% from the same quarter a year earlier, while net profit of Rs 44.64 crore was up 9.6%. EBITDA came in at Rs 91.39 crore, up 3.9% year on year. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.08, and shareholders' equity grew from Rs 823.76 crore in FY22 to Rs 1,244 crore in FY26. Operating cash flow in FY26 was Rs 105.32 crore against capital expenditure of Rs 149.57 crore, leaving negative free cash flow of Rs 44.25 crore. In FY25 free cash flow was Rs 56.91 crore, so cash generation has not been steady year to year.

Valuation Check for the Subros Stock Target: PE, Price to Book and ROE

At a PE of 23.13 against an industry PE of 37.11, Subros trades at a discount to its industry. Price to book is 3.01 on a book value of Rs 200.76 per share, and return on equity is 13.00%. A PE of 23.13 equals an earnings yield of 4.3%, and the FY26 dividend of Rs 3.00 per share gives a yield of 0.50%.

Shareholding Pattern and Institutional Holding

Promoters held 36.79% of Subros in September 2026, and promoter holding has stayed near 36.79% since September 2025. Foreign institutional investors (FII) held 32.70% and domestic institutions (DII) held 10.60%, which puts total institutional holding at 43.30%. FII holding fell from 33.13% in September 2025 to 32.70% in September 2026. Public shareholders own the remaining 19.91%. A meaningful institutional holding adds a layer of research coverage and trading depth.

Subros Share Price Targets for the Short Term and 12 Months

Short Term Subros Stock Target Levels: Technical Setup

At Rs 596.05 on 6 November 2026, Subros trades below its 50-day simple moving average of Rs 672.56 and below its 200-day exponential moving average of Rs 741.09. The 14-day RSI reads 33.1, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 672.56 (50-day simple moving average) and the nearest support is Rs 572.10 (52-week low). A sustained move above Rs 672.56 would improve the short-term setup, while a close below Rs 572.10 would shift attention to the next support.

12 Month Subros Target Price for 2027

The 12-month target of Rs 724 means a move of 21.5% up from Rs 596.05 over the next 12 months. It would still leave the stock 31.1% below its 52-week high of Rs 1,050.70.

How EPS Growth and PE Multiple Change the Subros Target Price

EPS Growth	PE 18.50	PE 23.13	PE 26.60
0.0% (EPS Rs 26.10)	Rs 483	Rs 604	Rs 694
20.0% (EPS Rs 31.32)	Rs 579	Rs 724	Rs 833
25.0% (EPS Rs 32.62)	Rs 603	Rs 755	Rs 868

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Subros price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Subros Stock Target in 2027

Bull Case Rs 868

The bull case Subros price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 32.62, and a PE multiple that rises 15% to 26.60. That gives Rs 868, 45.6% above the current price and below the 52-week high of Rs 1,050.70.

Downside Risk Level Rs 483

The downside risk level is not a target. It assumes EPS stays flat at Rs 26.10 and the PE falls 20% to 18.50. That gives Rs 483, 19.0% below the current price and below the 52-week low of Rs 572.10.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	25.0%	26.60	Rs 868	+45.6%
Base Case	20.0%	23.13	Rs 724	+21.5%
Downside Risk	0.0%	18.50	Rs 483	-19.0%

Key Risks to the Subros Target Price for 2027

Growth Slowdown Risk for the Subros Price Target

Revenue in the September 2026 quarter was up 34.1% year on year, and FY26 revenue growth was 12.0%. If growth slows from here, the EPS estimate behind the Subros stock target will need revising.

Liquidity and Size Risk

Subros has a market capitalisation of Rs 3,939 crore. Institutional holding is 43.30%, and promoters hold 36.79%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.

Valuation and Margin Risk

Net margin was 4.4% in FY26, so a small slip in costs moves profit noticeably. At a PE of 23.13 versus an industry PE of 37.11, a de-rating toward the downside-risk PE of 18.50 would cut the price even if earnings hold.

Market and Technical Risk

Technical indicators add short-term risk: the 14-day RSI is 33.1 and the MACD sits above its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time.

How to Invest in Subros

Start with the live price and volume. Any Subros share price target is only as current as the data behind it, and the data here is as of 6 November 2026, so refresh the Rs 596.05 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Subros' PE, ROE, debt and shareholding in one place.

Check Subros fundamentals on the Univest Screener

Then compare the three Subros target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Subros live price and get daily stock recommendations.

Conclusion

The Subros share price target for 2027 is Rs 724 in the base case, with Rs 868 as the bull case. The support for that view is arithmetic you can check: EPS grew 30.3% a year over FY24 to FY26, and the stock trades at a PE of 23.13. The risks are equally concrete, including a net margin of just 4.4% that leaves profit sensitive to costs and a downside scenario that cuts the price 19% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Subros Share Price Target 2027

What is the Subros share price target for 2027?

Ans. The base-case Subros share price target for 2027 is Rs 724, which is 21.5% above the price of Rs 596.05 on 6 November 2026. The bull case is Rs 868 and the downside risk level, which is not a target, is Rs 483. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.

What is the Subros share price today?

Ans. As of 6 November 2026, 9:49 AM IST, Subros (NSE: SUBROS) trades at Rs 596.05, down 1.16% on the day. That is 43.3% below the 52-week high of Rs 1,050.70 and 4.2% above the 52-week low of Rs 572.10. The market capitalisation of Rs 3,939 crore places it among small-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.

Is Subros a buy or sell at the current price?

Ans. The data points both ways. On the positive side, EPS has grown 30.3% a year over FY24 to FY26 and the base case implies 21.5% upside; on the cautious side, the net margin is a thin 4.4%, and the downside risk level of Rs 483 is 19% below the current price. Whether Subros fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.

What are the bull case target and downside risk level for Subros shares?

Ans. The bull case in the Subros share price target for 2027 is Rs 868, which assumes 25.0% EPS growth and a PE of 26.60, a 15% re-rating from today's multiple. That is 45.6% above the current price and below the 52-week high of Rs 1,050.70. The downside risk level is Rs 483, which assumes flat EPS and a PE of 18.50, 20% lower than today. It sits 19.0% below the current price and below the 52-week low of Rs 572.10, and it marks a risk to watch, not a target.

What are the main risks to the Subros price target?

Ans. Four risks matter most for the Subros share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. With a market capitalisation of Rs 3,939 crore, the stock can move sharply on small volumes, and exits can take longer than entries. A fall to the downside-risk PE of 18.50 would cut the price even if earnings hold.

What is the PE ratio of Subros and how does it compare with the industry?

Ans. The PE ratio of Subros is 23.13, against an industry PE of 37.11, which is a discount to the industry. Price to book is 3.01 and return on equity is 13.00%, and the PE equals an earnings yield of 4.3%. The base case holds the PE unchanged, so the Subros share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.

Who owns Subros, and what is the promoter holding?

Ans. Promoters held 36.79% of Subros in September 2026. FII held 32.70%, DII held 10.60% and the public held 19.91%. Together the two institutional groups hold 43.30%. Shareholding is filed every quarter, so it is worth rechecking after each result.

What were Subros' latest quarterly results?

Ans. In the September 2026 quarter, Subros reported revenue of Rs 1,206 crore (up 34.1% year on year) and net profit of Rs 44.64 crore (up 9.6%). For comparison, FY26 full-year revenue growth was 12.0% and net profit moved up 10.0%. Each new quarter either supports or weakens the EPS growth of 20.0% assumed in the base case.