WEBSITE BSE:532348 NSE: SUBEXLTD Inc. Year: 1994 Industry: IT - Software
Last updated: 11:44
Subex Ltd is a holding organisation, which presents software merchandise and associated offerings to communications service providers internationally. The Company additionally provides implementation and customization, support offerings, managed offerings and sub-contracting services and its segments include Software Products and Services. It offers enterprise and operations assist systems (B/OSS) solutions to telecom provider vendors. It provides Revenue Operations Centre solution suite for enterprise and capex optimization, which has solution...Read More
Subex Ltd is a holding organisation, which presents software merchandise and associated offerings to communications service providers internationally. The Company additionally provides implementation and customization, support offerings, managed offerings and sub-contracting services and its segments include Software Products and Services. It offers enterprise and operations assist systems (B/OSS) solutions to telecom provider vendors. It provides Revenue Operations Centre solution suite for enterprise and capex optimization, which has solutions for Revenue Analytics, which include ROC Fraud Management, ROC Credit Risk Management, and ROC Revenue Assurance; for Cost Analytics, such as ROC Route Optimisation, ROC Cost Management, ROC Partner Settlement, and for Network Analytics, consisting of ROC Data Integrity Management, ROC Capacity Management and ROC Asset Assurance. It operates across the Americas; Europe, the Middle East and Africa (EMEA), and Asia-Pacific (APAC) and rest of the arena. ...Read Less
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Market Cap ₹597 Cr.
Stock P/E -19
P/B 1.8
Current Price ₹10.6
Book Value ₹ 5.7
Face Value 5
52W High ₹19.1
Dividend Yield 0%
52W Low ₹ 8.9
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 67 | 77 | 82 | 84 | 68 | 74 | 73 | 71 | 66 | 69 |
| Other Income | 1 | 1 | 1 | 3 | 2 | 1 | 1 | 3 | 16 | 2 |
| Total Income | 69 | 78 | 83 | 86 | 70 | 75 | 74 | 73 | 82 | 70 |
| Total Expenditure | 82 | 81 | 81 | 81 | 74 | 72 | 70 | 84 | 62 | 63 |
| Operating Profit | -13 | -3 | 2 | 6 | -4 | 3 | 4 | -10 | 20 | 8 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 4 | 3 |
| Exceptional Income / Expenses | 0 | 0 | 0 | -148 | 0 | 4 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -18 | -8 | -2 | -147 | -8 | 3 | -0 | -14 | 15 | 4 |
| Provision for Tax | 1 | 3 | 3 | 10 | 3 | 2 | 3 | 3 | 2 | 1 |
| Profit After Tax | -19 | -11 | -5 | -157 | -11 | 1 | -3 | -18 | 13 | 3 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -19 | -11 | -5 | -157 | -11 | 1 | -3 | -18 | 13 | 3 |
| Adjusted Earnings Per Share | -0.3 | -0.2 | -0.1 | -2.8 | -0.2 | 0 | -0.1 | -0.3 | 0.2 | 0.1 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 360 | 322 | 357 | 324 | 348 | 365 | 372 | 333 | 279 | 310 | 286 | 279 |
| Other Income | 1 | 6 | 19 | 2 | 3 | 15 | 6 | 12 | 10 | 7 | 7 | 22 |
| Total Income | 361 | 329 | 376 | 326 | 351 | 379 | 378 | 345 | 288 | 316 | 293 | 299 |
| Total Expenditure | 275 | 260 | 275 | 290 | 297 | 279 | 274 | 299 | 311 | 325 | 300 | 279 |
| Operating Profit | 86 | 69 | 101 | 36 | 54 | 101 | 104 | 46 | -22 | -9 | -8 | 22 |
| Interest | 61 | 62 | 20 | 8 | 2 | 6 | 4 | 3 | 3 | 3 | 2 | 4 |
| Depreciation | 4 | 4 | 5 | 5 | 5 | 15 | 14 | 10 | 14 | 16 | 14 | 13 |
| Exceptional Income / Expenses | 0 | -65 | -109 | 12 | 0 | -318 | 3 | 0 | 0 | -148 | 4 | 0 |
| Profit Before Tax | 21 | -62 | -34 | 34 | 47 | -238 | 89 | 34 | -39 | -175 | -20 | 5 |
| Provision for Tax | 6 | 13 | 10 | 14 | 22 | 31 | 38 | 13 | 12 | 17 | 12 | 9 |
| Profit After Tax | 15 | -74 | -43 | 21 | 25 | -269 | 52 | 21 | -51 | -192 | -31 | -5 |
| Adjustments | -5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 10 | -74 | -43 | 21 | 25 | -269 | 52 | 21 | -51 | -192 | -31 | -5 |
| Adjusted Earnings Per Share | 0.6 | -1.5 | -0.9 | 0.4 | 0.4 | -4.8 | 0.9 | 0.4 | -0.9 | -3.4 | -0.6 | -0.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -8% | -5% | -5% | -2% |
| Operating Profit CAGR | 0% | NAN% | NAN% | NAN% |
| PAT CAGR | 0% | NAN% | 0% | NAN% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -40% | -31% | -16% | 1% |
| ROE Average | -10% | -22% | -10% | -9% |
| ROCE Average | -6% | -18% | -6% | -4% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 209 | 734 | 684 | 779 | 794 | 515 | 549 | 564 | 522 | 334 | 304 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 578 | 41 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 102 | 11 | 5 | 12 | 23 | 88 | 100 | 100 | 110 | 112 | 104 |
| Total Current Liabilities | 245 | 268 | 274 | 110 | 83 | 90 | 98 | 76 | 86 | 106 | 102 |
| Total Liabilities | 1134 | 1054 | 963 | 902 | 900 | 693 | 746 | 740 | 717 | 551 | 511 |
| Fixed Assets | 865 | 775 | 668 | 666 | 664 | 393 | 375 | 368 | 385 | 228 | 217 |
| Other Non-Current Assets | 43 | 37 | 41 | 48 | 54 | 58 | 58 | 75 | 70 | 72 | 78 |
| Total Current Assets | 226 | 241 | 254 | 188 | 182 | 243 | 313 | 297 | 261 | 251 | 216 |
| Total Assets | 1134 | 1054 | 963 | 902 | 900 | 693 | 746 | 740 | 717 | 551 | 511 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 43 | 49 | 86 | 74 | 30 | 39 | 90 | 143 | 85 | 52 | 69 |
| Cash Flow from Operating Activities | 64 | 66 | 54 | 54 | 55 | 66 | 91 | -8 | 9 | -8 | 10 |
| Cash Flow from Investing Activities | -9 | 2 | -7 | -3 | -11 | -4 | -7 | -35 | -38 | 35 | -15 |
| Cash Flow from Financing Activities | -47 | -36 | -55 | -91 | -34 | -13 | -32 | -15 | -7 | -9 | -12 |
| Net Cash Inflow / Outflow | 8 | 32 | -8 | -41 | 9 | 49 | 52 | -59 | -35 | 17 | -17 |
| Closing Cash & Cash Equivalent | 49 | 86 | 74 | 30 | 39 | 90 | 143 | 85 | 52 | 69 | 52 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.56 | -1.48 | -0.85 | 0.37 | 0.45 | -4.79 | 0.92 | 0.37 | -0.91 | -3.41 | -0.56 |
| CEPS(Rs) | 1.04 | -1.39 | -0.76 | 0.46 | 0.53 | -4.52 | 1.17 | 0.55 | -0.66 | -3.13 | -0.31 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0.75 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 11.39 | 14.59 | 13.49 | 13.87 | 14.13 | 9.15 | 9.72 | 9.98 | 9.21 | 5.87 | 5.36 |
| Core EBITDA Margin(%) | 23.59 | 19.45 | 22.98 | 10.47 | 14.75 | 23.61 | 26.22 | 10.37 | -11.55 | -5.06 | -5.13 |
| EBIT Margin(%) | 22.73 | -0.01 | -3.7 | 13 | 14.14 | -63.58 | 24.97 | 10.92 | -13.09 | -55.69 | -6.16 |
| Pre Tax Margin(%) | 5.76 | -19.09 | -9.41 | 10.61 | 13.52 | -65.13 | 24.02 | 10.1 | -14.02 | -56.53 | -6.94 |
| PAT Margin (%) | 4.17 | -23.04 | -12.1 | 6.38 | 7.24 | -73.74 | 13.9 | 6.3 | -18.38 | -61.9 | -11.01 |
| Cash Profit Margin (%) | 5.29 | -21.71 | -10.71 | 7.97 | 8.63 | -69.61 | 17.61 | 9.26 | -13.36 | -56.87 | -6.06 |
| ROA(%) | 1.33 | -6.79 | -4.29 | 2.22 | 2.8 | -33.8 | 7.19 | 2.83 | -7.03 | -30.23 | -5.92 |
| ROE(%) | 7.88 | -15.77 | -6.1 | 2.83 | 3.21 | -41.15 | 9.75 | 3.79 | -9.5 | -45.25 | -9.96 |
| ROCE(%) | 8.75 | -0 | -1.44 | 5.01 | 6.13 | -35.44 | 17.37 | 6.51 | -6.72 | -40.33 | -5.52 |
| Receivable days | 106.09 | 124.56 | 117.46 | 118.96 | 93.47 | 88.73 | 94 | 107.48 | 122.57 | 113.09 | 114.49 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 950.75 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PER(x) | 18.23 | 0 | 0 | 20.84 | 12.86 | 0 | 38.63 | 85.94 | 0 | 0 | 0 |
| Price/Book(x) | 0.89 | 0.61 | 0.82 | 0.55 | 0.41 | 0.34 | 3.66 | 3.22 | 3.08 | 5.11 | 2.28 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 2.11 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 2.39 | 1.83 | 1.88 | 1.33 | 0.81 | 0.22 | 5 | 5.08 | 5.33 | 5.12 | 2.13 |
| EV/Core EBITDA(x) | 10.04 | 8.54 | 6.67 | 12.06 | 5.22 | 0.81 | 17.9 | 36.63 | -66.04 | -177.66 | -78.86 |
| Net Sales Growth(%) | 5.82 | -10.39 | 10.81 | -9.24 | 7.34 | 4.84 | 1.93 | -10.37 | -16.42 | 11.13 | -7.78 |
| EBIT Growth(%) | 17.3 | -100.05 | 0 | 418.91 | 16.79 | -571.28 | 140.04 | -60.82 | -200.22 | -372.78 | 89.8 |
| PAT Growth(%) | 322.7 | -594.85 | 41.81 | 147.84 | 21.95 | -1167.21 | 119.22 | -59.42 | -343.97 | -274.4 | 83.6 |
| EPS Growth(%) | 180.13 | -364.6 | 42.28 | 143.15 | 21.96 | -1167.09 | 119.22 | -59.42 | -343.96 | -274.41 | 83.6 |
| Debt/Equity(x) | 3.48 | 0.31 | 0.27 | 0.04 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 |
| Current Ratio(x) | 0.92 | 0.9 | 0.93 | 1.71 | 2.2 | 2.71 | 3.21 | 3.9 | 3.05 | 2.37 | 2.11 |
| Quick Ratio(x) | 0.92 | 0.9 | 0.93 | 1.71 | 2.2 | 2.71 | 3.21 | 3.9 | 3.05 | 2.37 | 2.11 |
| Interest Cover(x) | 1.34 | -0 | -0.65 | 5.44 | 22.8 | -41.15 | 26.25 | 13.43 | -14.14 | -65.58 | -7.93 |
| Total Debt/Mcap(x) | 3.89 | 0.51 | 0.33 | 0.07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| FII | 0.91 | 1.3 | 1.23 | 1.08 | 1.05 | 1.03 | 1.74 | 0.77 | 0.77 | 0.92 |
| DII | 0.09 | 0.12 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 98.99 | 98.58 | 98.76 | 98.91 | 98.93 | 98.96 | 98.24 | 99.21 | 99.22 | 99.06 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| FII | 0.51 | 0.73 | 0.69 | 0.6 | 0.59 | 0.58 | 0.98 | 0.43 | 0.43 | 0.52 |
| DII | 0.05 | 0.07 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 55.63 | 55.4 | 55.5 | 55.59 | 55.6 | 55.62 | 55.21 | 55.76 | 55.76 | 55.67 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 56.2 | 56.2 | 56.2 | 56.2 | 56.2 | 56.2 | 56.2 | 56.2 | 56.2 | 56.2 |
* The pros and cons are machine generated.
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