Subex Ltd.

SUBEXLTD

₹15.14

-5.9% (-0.95)

Market Cap

₹851 Cr.

P/E

0.00

About

Subex Limited, a global provider of OSS/BSS to CSPs, introduced the concept of ROC to ensure profitable growth for CSPs. Its solutions include service creation, provisioning automation, revenue assura… Read more

Subex Limited, a global provider of OSS/BSS to CSPs, introduced the concept of ROC to ensure p… Read more

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52W Range

High

Timeline

Key company specific updates

Company Timeline

Custom financial statementNew

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In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Balance sheet
Net Block	775	668	666	664	393	375	368	385	228	201
Shareholders Funds	734	684	779	794	515	549	564	522	334	304
Profit & Loss
Operating Profit	62.71	82.11	33.95	51.35	86.18	97.55	34.58	-32.20	-15.66	-14.65
Net Sales	322	357	324	348	365	372	333	279	310	286
Cash flow
Cash from Operating Activity	66.38	53.92	53.65	54.58	66.24	90.95	-8.10	9.21	-8.28	9.75
Net Capex (est)	3.25	6.94	2.85	2.24	3.53	8.55	5.40	4.89	2.64	2.33
Ratios
ROCE (%)	8.23	13.88	3.85	6.03	14.19	13.88	5.48	-5.78	-5.51	—
ROE (%)	-10.12	-6.32	2.65	3.18	-52.22	9.43	3.72	-9.81	-57.49	—

Forensics

5 Yes

Positive for this company

1 Neutral

Neutral for this company

10 No

Negative for this company

1 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Pledge

Promoters have not pledged a significant portion of their holding
Depreciation Effect

Company is depreciating a greater percentage of assets. this is contributing to a reduction in net profit
Promoter Holding

Promoter has not sold any shares in the last 90 days
Retail Holding

Retail has been buying the stock which is usually a sign of exuberance
Other Income

Other income component is making ratios of the company look optically better
Revenue Recognition

Chances of aggressive revenue recognition - operating profit of company is not getting converted to cash and recievables rising faster than sales

Price & Performance

ROE

Asset turnover is responsible for roe increase over last 10 years
Working Capital

Working capital of the company seems to be under control
Share price

Share price has decreased over last 10 years more due to earnings
Capex vs ROCE

Roce of the company has decreased even without significant capex
Debt

Company might have issues servicing its debt
Sales Growth

Sales of the company has grown at a slow pace
Margin Stability

Margins of the company are volatile
ROCE Strength

Roce of the company is not consistently strong
Balance Sheet Strength

Balance sheet of the company is moderately strong, but it might have issues paying it suppliers
Current vs Historic Valuation

Unable to calculate due to limited data

Revenue mix

Product Wise Break-Up

Product Wise Break-Up - Software Services

Product Wise Break-Up - Software Products

Location Wise Break-Up

Contract Type

Operational Metrics

Advertisement Spend as a % of Total Sales (%)

Subex Ltd.

Advertisement Spend as a % of Total Sales (%)
Source

Peer Comparison

Peer Name	Latest Price	PE	Market cap(Cr)	Prom Holding(%)	YoY Qtly Sales(%)	ROCE (%)	ROE (%)
Subex	15.14	0.00	851	—	-15.75	-5.51	-57.49
Nintec Systems	463	32.7	861	47.38	18.54	54.28	44.38
Innovana Thinklabs	405.8	18.82	831	73.23	22.27	30.3	25.08
Infobeans Tech.	391.95	25.28	960	74.04	6.48	10.92	7.6
Megasoft	98.98	0.00	736	35.07	—	7.44	-7.06
Onward Technologies	314.6	26.37	714	38.66	7.47	19.09	16.37
Silver Touch Tech.	788.85	45.09	1,001	74.53	8.72	17.52	14.23
Allied Digital Serv.	188.14	20.22	1,060	51.19	-43.46	10.43	7.92

Corporate Actions

Consolidated Dividend

DATE

DETAILS

2021, Jul 01

Dividend Dividend of Rs.0.25 per share

2021, Feb 10

Dividend Dividend of Rs.0.5 per share

Customers

Bharti Airtel Ltd.
Tata Communications Ltd.

FAQs on Subex Ltd. Business

What does Subex do?

Subex Limited provides Operations and Business Support Systems (OSS/BSS) to communication service providers globally, offering innovative solutions to enhance operational efficiency and service experiences.

Who are the competitors of Subex?

Subex major competitors are Nintec Systems, Infobeans Tech., Innovana Thinklabs, Silver Touch Tech., Megasoft, Allied Digital Serv., Onward Technologies.
Market Cap of Subex is ₹851 Crs.
While the median market cap of its peers are ₹861 Crs.

Is Subex financially stable compared to its competitors?

Subex seems to be less financially stable compared to its competitors.
Altman Z score of Subex is 3.12 and is ranked 7 out of its 8 competitors.

View FAQ's On Shareprice

Global Leaders

Companies with a dominant global position in a product. Might be a sign of very strong moat.

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Company Filing

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Annual Report	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10
Earnings Release	May	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Jan Mar Jun Sep Dec
Investor Presentation	May	Mar Jun Sep Dec	Mar Jun Sep Dec	Feb Mar May Jun Aug Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Jun Sep Dec
Conference Call	Mar	Mar Jun Sep Dec	Jun Sep Dec	Mar Jun Sep	Mar Jun Sep Dec	Dec	Jan Mar Jun Sep Dec	Jun Dec	Mar					Mar Jun	Sep Dec
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Discussions & Analysis

Subex Ltd.

View the discussion on ValuePickr

A Primer on Cloud Computing - Medium

Analysis Framework for IT Service companies - Dr Vijay Malik

IT Services & The API Economy - PPFAS

In-depth analysis of $200bn IT sector from a Superb Analyst - G2G Ajay

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Raw Material

Subex Ltd.

Subex Ltd.

About

Timeline

Company Timeline

5 Yes

1 Neutral

10 No

1 No Data

Accounting & Shareholding

Contingent Liabilities

Pledge

Depreciation Effect

Promoter Holding

Retail Holding

Other Income

Revenue Recognition

Price & Performance

ROE

Working Capital

Share price

Capex vs ROCE

Debt

Sales Growth

Margin Stability

ROCE Strength

Balance Sheet Strength

Current vs Historic Valuation

Product Wise Break-Up

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Product Wise Break-Up - Software Services

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Product Wise Break-Up - Software Products

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Location Wise Break-Up

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Contract Type

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Advertisement Spend as a % of Total Sales (%)

Advertisement Spend as a % of Total Sales (%)

What does Subex do?

Who are the competitors of Subex?

Is Subex financially stable compared to its competitors?

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