Subex Ltd
SUBEXLTD NSE
Subex Ltd
Information TechnologyNSE: SUBEXLTD BSE: 532348 Software Products
Key Fundamentals
MicrocapSoftware ProductsInformation TechnologyMarket Cap
₹994 Cr
Volatility
High Risk
P/E Ratio
33.25
EBITDA
₹57.50 Cr
Return on Equity
8.32%
Debt to Equity
0.08
Book Value
₹6.17
52W High
₹19.39
52W Low
₹6.61
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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45 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
3- Stock is trading at 2.93 times its book value
- The company has delivered a poor sales growth of -5.59% over past five years.
- Company has a low return on equity of -5.29% over last 3 years.
Growth Rate
Revenue Growth
6.22% ↗
Net Income Growth
-190.76% ↘
Cash Flow Change
652.74% ↗
ROE
-180.54% ↘
ROCE
-304.21% ↘
EBITDA Margin (Avg.)
-803.42% ↘
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 67 | 77 | 82 | 84 | 68 | 74 | 73 | 71 | 66 | 69 | 71 | 73 | 79 |
| Expenses | 82 | 81 | 81 | 81 | 74 | 72 | 70 | 84 | 62 | 63 | 62 | 64 | 64 |
| Operating Profit | -15 | -5 | 1 | 3 | -6 | 2 | 2 | -13 | 4 | 6 | 9 | 9 | 15 |
| OPM % | -22% | -6% | 0.7% | 3.7% | -9% | 2.5% | 3.4% | -18% | 6% | 9% | 13% | 13% | 19% |
| Other Income | 1 | 1 | 1 | -145 | 2 | 5 | 1 | 3 | 16 | 2 | 0 | 7 | 5 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 4 | 3 | 2 | 3 | 3 |
| PBT | -18 | -8 | -2 | -147 | -8 | 3 | 0 | -14 | 15 | 4 | 6 | 13 | 16 |
| Tax % | 7% | 36% | 105% | 7% | 34% | 79% | 916% | 25% | 13% | 32% | 49% | 22% | 14% |
| Net Profit | -19 | -11 | -5 | -157 | -11 | 1 | -3 | -18 | 13 | 3 | 3 | 10 | 14 |
| EPS in Rs | -0.34 | -0.2 | -0.09 | -2.78 | -0.2 | 0.01 | -0.06 | -0.31 | 0.23 | 0.05 | 0.05 | 0.18 | 0.25 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 360 | 322 | 357 | 324 | 348 | 365 | 372 | 333 | 279 | 310 | 286 | 279 | 292 |
| Expenses | 275 | 231 | 268 | 290 | 297 | 279 | 273 | 298 | 309 | 325 | 300 | 253 | 253 |
| Operating Profit | 85 | 91 | 89 | 34 | 51 | 86 | 99 | 36 | -30 | -16 | -15 | 26 | 39 |
| OPM % | 24% | 28% | 25% | 11% | 15% | 24% | 27% | 11% | -11% | -5% | -5% | 9% | 14% |
| Other Income | -4 | -87 | -97 | 13 | 3 | -303 | 8 | 10 | 8 | -141 | 11 | 27 | 13 |
| Interest | 61 | 62 | 20 | 8 | 2 | 6 | 4 | 3 | 3 | 3 | 2 | 3 | 3 |
| Depreciation | 4 | 4 | 5 | 5 | 5 | 15 | 14 | 10 | 14 | 16 | 14 | 12 | 11 |
| PBT | 16 | -62 | -34 | 34 | 47 | -238 | 89 | 34 | -39 | -175 | -20 | 37 | 39 |
| Tax % | 36% | 21% | 29% | 40% | 46% | 13% | 42% | 38% | 31% | 10% | 59% | 24% | — |
| Net Profit | 10 | -74 | -43 | 21 | 25 | -269 | 52 | 21 | -51 | -192 | -31 | 29 | 30 |
| EPS in Rs | 0.56 | -1.48 | -0.85 | 0.37 | 0.45 | -4.79 | 0.92 | 0.37 | -0.91 | -3.4 | -0.56 | 0.51 | 0.53 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 82% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 183 | 503 | 507 | 562 | 562 | 562 | 281 | 281 | 281 | 281 | 281 | 281 |
| Reserves | 26 | 231 | 177 | 217 | 232 | -47 | 268 | 283 | 241 | 53 | 23 | 62 |
| Borrowings | 725 | 228 | 186 | 32 | 0 | 49 | 26 | 15 | 33 | 28 | 19 | 28 |
| Other Liabilities | 188 | 80 | 86 | 81 | 96 | 114 | 151 | 140 | 140 | 167 | 163 | 181 |
| Total Liabilities | 1,121 | 1,042 | 957 | 892 | 890 | 678 | 725 | 719 | 695 | 528 | 487 | 552 |
| Fixed Assets | 865 | 775 | 668 | 666 | 664 | 393 | 375 | 368 | 385 | 228 | 217 | 228 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 14 | 9 | 22 | 32 |
| Other Assets | 257 | 267 | 289 | 226 | 226 | 286 | 350 | 339 | 296 | 292 | 248 | 292 |
| Total Assets | 1,121 | 1,042 | 957 | 892 | 890 | 678 | 725 | 719 | 695 | 528 | 487 | 552 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 64 | 66 | 54 | 54 | 55 | 66 | 91 | -8 | 9 | -8 | 10 | 72 |
| Investing | -11 | 7 | -11 | -7 | -11 | -2 | -6 | -34 | -36 | 34 | -16 | -31 |
| Financing | -47 | -36 | -55 | -91 | -34 | -13 | -32 | -15 | -7 | -9 | -12 | -9 |
| Net Cash Flow | 6 | 37 | -12 | -44 | 9 | 51 | 53 | -58 | -33 | 17 | -19 | 32 |
| Free Cash Flow | 58 | 63 | 48 | 51 | 52 | 63 | 82 | -14 | 4 | -11 | 7 | 68 |
| CFO/OP | 86 | 85 | 74 | 204 | 127 | 94 | 106 | 41 | -48 | -36 | -124 | 146 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 110 | 126 | 121 | 105 | 90 | 92 | 98 | 106 | 118 | 120 | 99 | 122 |
| Cash Conversion Cycle | 110 | 126 | 121 | 105 | 90 | 92 | 98 | 106 | 118 | 120 | 99 | 122 |
| Working Capital Days | -69 | -128 | -96 | 51 | 60 | 62 | 69 | 110 | 71 | 44 | 52 | 70 |
| ROCE % | 9% | 7% | 10% | 4% | 6% | 13% | 16% | 6% | -6% | -5% | -6% | 13% |
Documents
1
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
4 May - Subex received Rs. 2.37 crore income tax refund for AY 2008-09 today. 4 May - Subex received Rs. 2.37 crore income tax refund for AY 2008-09 today.
2
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
4 May - Subex received Rs. 2.37 crore income tax refund for AY 2008-09 today. 4 May - Subex received Rs. 2.37 crore income tax refund for AY 2008-09 today.
3
Board Meeting Intimation for The Board Meeting Scheduled To Be Held On May 12, 2026
20 Apr - Subex board meets May 12, 2026 to approve FY26 audited results; earnings call on May 13. 20 Apr - Subex board meets May 12, 2026 to approve FY26 audited results; earnings call on May 13.
4
Update on board meeting
20 Apr - Board to meet May 12, 2026 for Q4 FY26 audited results; earnings call May 13, 2026. 20 Apr - Board to meet May 12, 2026 for Q4 FY26 audited results; earnings call May 13, 2026.
Frequently Asked Questions about Subex Ltd
What does Subex Ltd do?
Incorporated in 1992, Subex Ltd is a global provider of Operations and Business Support Systems to communication service providers worldwide, in the Telecom industry[1]
Where is Subex Ltd (SUBEXLTD) listed?
Subex Ltd is listed on the Indian stock exchanges. It is listed on NSE: SUBEXLTD and BSE: 532348. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Subex Ltd belong to?
Subex Ltd operates in the Information Technology sector within the Software Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Subex Ltd?
Subex Ltd has a market capitalisation of approximately ₹993.62 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Subex Ltd?
The Price-to-Earnings (PE) ratio of Subex Ltd is 33.25. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Subex Ltd?
Over the past 52 weeks, Subex Ltd has traded between a low of ₹6.61 and a high of ₹19.39. This range helps investors understand the stock's price volatility and recent trading levels.
Does Subex Ltd pay dividends?
Yes, Subex Ltd has a dividend yield of 4.21%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Subex Ltd?
Subex Ltd has a Return on Equity (ROE) of 8.32%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Subex Ltd on Tapetide?
On Tapetide, you can view Subex Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1992, Subex Ltd is a global provider of Operations and Business Support Systems to communication service providers worldwide, in the Telecom industry[1]
Website subex.com
CEO Ms. Nisha Dutt
Employees 731
Listed 2020-11-05
Face Value ₹ 5
Issued Size 56,20,02,935