Ramesh Suri, Chairman, Subros says market sentiment is very good as far as vehicle manufacturing is concerned. He is hoping to see 10-15 percent growth this year and for the trend to continue.
We are focusing on refrigerated vehicles and refrigerated vans
Ramesh Suri, Chairman, Subros says market sentiment is very good as far as vehicle manufacturing is concerned. He is hoping to see 10-15 percent growth this year and for the trend to continue.
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Below is the verbatim transcript of Ramesh Suri's interview with CNBC-TV18's Nigel D'Souza and Reema Tendulkar
Nigel: Subros wins a big order from Renault. Can you take us through the size of the order?
A: The market sentiment is now very good as far as the production of vehicle manufacturing is concerned. So we are looking forward to a growth of almost about 10-15 percent during this year and this trend I hope will continue.
Nigel: Could you take us through the Nissan order, some details with regard to that?
A: Besides the other growth that is the order we have received, the order is for the supply of compressors to them.
Reema: Have you received orders from any other domestic OEMs, what the current order book size is for the company?
A: There is growth and every manufacturer is now looking forward as far as production is concerned, it is going to be 10-15 percent what our customers are, they are looking forward to that type of growth and that is how we have already planned for as far as supplies are concerned. Besides that we are focusing on refrigerated vehicles, refrigerated vans and the other area we are looking forward to as far as some after market business is concerned.
Subros stock price
On June 06, 2014, Subros closed at Rs 48.90, up Rs 6.35, or 14.92 percent. The 52-week high of the share was Rs 49.80 and the 52-week low was Rs 17.50.
The company's trailing 12-month (TTM) EPS was at Rs 3.38 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 14.47. The latest book value of the company is Rs 51.14 per share. At current value, the price-to-book value of the company is 0.96.
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