Subex Limited SUBEXLTD NSETECH
Subex Limited provides operations and business support systems to communication service providers (CSPs) worldwide. The company offers fraud management solutions that address fraud across various services, including bypass, handset, international revenue share fraud, robocalling, and SMS fraud solutions, as well as scam and spam calls. It also provides a signaling risk intelligence solution, which detects and prevents various protocol attacks at the signaling layer in real-time; business assurance, an active risk intelligence solution that assures revenues for business models comprising margin, asset and inventory, digital partner, enterprise 5G, IoT, digital profile, migration, and direct carrier billing assurance; and enterprise billing solution that include subscription management, billing and revenue management, configure, price and quote, service delivery platform, multi-level channel management, and customer relationship management services. In addition, the company offers partner ecosystem management that consists of partner and contract lifecycle management, digital services and roaming billing, and wholesale billing and routing services; and enterprise asset management solutions comprising network analytics, network asset management, and data integrity management. Further, it provides managed and business consulting services. Subex Limited was founded in 1992 and is based in Bengaluru, India.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Profit CAGR of 51.9% over 5 years.
CONS
- Trading 35.9% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SUBEXLTD Subex Limited NSETECH | 10.72 | 21.02 | ₹594.80 Cr | - | 9.21% | - | 0.04% | 51.90% |
| 2 | TCS Tata Consultancy Services Limited NIFTY50NSEAITECH | 2,258.90 | 16.61 | ₹8.17 L Cr | 5.49% | 54.93% | 48.40% | 5.80% | 5.30% |
| 3 | INFY Infosys Limited NIFTY50NSEAITECH | 1,160.90 | 15.01 | ₹4.70 L Cr | 4.31% | 41.66% | 31.44% | 3.44% | 3.58% |
| 4 | HCLTECH HCL Technologies Limited NIFTY50NSEAITECH | 1,183.80 | 19.31 | ₹3.20 L Cr | 8.11% | 27.21% | 23.36% | 8.65% | 3.87% |
| 5 | WIPRO Wipro Limited NIFTY50NSEAITECH | 204.25 | 16.26 | ₹2.14 L Cr | 8.32% | 18.42% | 15.49% | 4.05% | 2.44% |
| 6 | TECHM Tech Mahindra Limited NIFTY50NSEAITECH | 1,483.90 | 27.40 | ₹1.31 L Cr | 3.44% | 20.60% | 16.61% | 2.16% | -0.14% |
| 7 | LTM LTM Limited NSETECH | 4,061.60 | 24.04 | ₹1.20 L Cr | 1.85% | 25.39% | 21.29% | 8.43% | 4.41% |
| 8 | LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH | 1,523.90 | 61.35 | ₹1.03 L Cr | - | 27.64% | 24.72% | 0.98% | - |
| 9 | WAAREEENER WAAREE ENERGIES LIMITED NIFTY_MIDNSETECH | 3,140.80 | 27.70 | ₹90,345.53 Cr | 0.13% | 24.21% | 31.57% | 71.63% | 191.18% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | - | - | 70.60 Cr | 66.40 Cr | 68.91 Cr | 70.79 Cr | 72.96 Cr |
| Cost of Revenue | - | - | 40.62 Cr | 41.17 Cr | 42.48 Cr | 40.30 Cr | 40.61 Cr |
| Gross Profit | - | - | 29.98 Cr | 25.23 Cr | 26.43 Cr | 30.49 Cr | 32.35 Cr |
| Operating Expenses | - | - | 28.10 Cr | 25.34 Cr | 21.89 Cr | 23.57 Cr | 24.68 Cr |
| Operating Income | - | - | 1.88 Cr | -11.00 L | 4.54 Cr | 6.92 Cr | 7.67 Cr |
| EBITDA | - | - | -10.24 Cr | 19.74 Cr | 7.80 Cr | 8.79 Cr | 16.51 Cr |
| Interest Expense | - | - | 50.00 L | 99.00 L | 82.00 L | 66.00 L | 80.00 L |
| Pretax Income | - | - | -14.12 Cr | 14.71 Cr | 4.22 Cr | 5.76 Cr | 12.80 Cr |
| Tax Provision | - | - | 3.48 Cr | 1.90 Cr | 1.36 Cr | 2.83 Cr | 2.87 Cr |
| Net Income | - | - | -17.60 Cr | 12.81 Cr | 2.86 Cr | 2.93 Cr | 9.93 Cr |
| Diluted EPS | - | - | -0.32 | 0.23 | 0.05 | 0.05 | 0.18 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 278.69 Cr | 309.72 Cr | 285.61 Cr | 279.06 Cr |
| Cost of Revenue | - | 210.50 Cr | 232.84 Cr | 185.18 Cr | 164.56 Cr |
| Gross Profit | - | 68.19 Cr | 76.88 Cr | 100.43 Cr | 114.50 Cr |
| Operating Expenses | - | 94.47 Cr | 97.57 Cr | 108.10 Cr | 97.80 Cr |
| Operating Income | - | -26.28 Cr | -20.69 Cr | -7.67 Cr | 16.70 Cr |
| EBITDA | - | -22.84 Cr | -157.10 Cr | -3.48 Cr | 52.84 Cr |
| Interest Expense | - | 2.23 Cr | 2.41 Cr | 2.22 Cr | 3.27 Cr |
| Pretax Income | - | -39.06 Cr | -175.10 Cr | -19.82 Cr | 37.49 Cr |
| Tax Provision | - | 12.15 Cr | 16.63 Cr | 11.62 Cr | 8.96 Cr |
| Net Income | - | -51.21 Cr | -191.73 Cr | -31.44 Cr | 28.53 Cr |
| Diluted EPS | - | -0.93 | -3.47 | -0.57 | 0.51 |
Compounded Sales Growth
| 5 Years: | 0.04% |
| 1 Year: | 14.00% |
Compounded Profit Growth
| 5 Years: | 51.90% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -26.02% |
| 6 Months: | -10.44% |
| 3 Months: | +10.40% |
| 1 Month: | +14.78% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 703.62 Cr | 529.72 Cr | 486.96 Cr | 551.90 Cr |
| Current Assets | - | 261.49 Cr | 250.40 Cr | 214.43 Cr | 288.45 Cr |
| Cash & Equivalents | - | 52.38 Cr | 69.23 Cr | 52.36 Cr | 82.18 Cr |
| Inventory | - | - | - | - | - |
| Receivables | - | 90.37 Cr | 101.55 Cr | 77.62 Cr | 93.51 Cr |
| Total Liabilities | - | 181.78 Cr | 196.21 Cr | 182.48 Cr | 209.09 Cr |
| Current Liabilities | - | 85.77 Cr | 104.85 Cr | 101.06 Cr | 109.25 Cr |
| Long Term Debt | - | - | - | - | - |
| Total Debt | - | 33.39 Cr | 28.16 Cr | 19.38 Cr | 28.27 Cr |
| Total Equity | - | 521.84 Cr | 333.51 Cr | 304.48 Cr | 342.81 Cr |
| Shares Outstanding | - | 56.20 Cr | 56.20 Cr | 56.20 Cr | 56.20 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 9.21 Cr | -8.28 Cr | 9.50 Cr | 71.51 Cr |
| Investing Cash Flow | - | -37.77 Cr | 34.62 Cr | -16.44 Cr | -32.77 Cr |
| Financing Cash Flow | - | -6.51 Cr | -9.34 Cr | -12.05 Cr | -8.73 Cr |
| Capital Expenditure | - | -4.93 Cr | -2.73 Cr | -2.41 Cr | -3.97 Cr |
| Free Cash Flow | - | 4.28 Cr | -11.01 Cr | 7.09 Cr | 67.54 Cr |
| Net Change in Cash | - | -35.07 Cr | 17.00 Cr | -18.99 Cr | 30.01 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 24.5% | 24.8% | 35.2% | 41.0% |
| Operating Margin % | - | -9.4% | -6.7% | -2.7% | 6.0% |
| Net Margin % | - | -18.4% | -61.9% | -11.0% | 10.2% |
| ROE % | - | -9.8% | -57.5% | -10.3% | 8.3% |
| ROCE % | - | -4.3% | -4.9% | -2.0% | 3.8% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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