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Subex Ltd

Subex Ltd

SUBEXLTD Share Price

NSE
₹16.337.95% (-1.41)
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With a market cap of ₹906 cr, stock is ranked 1,657

Stock is 4.13x as volatile as Nifty

SUBEXLTD Stock Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹906 cr, stock is ranked 1,657

Stock is 4.13x as volatile as Nifty

SUBEXLTD Performance & Key Metrics

SUBEXLTD Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
30.262.64—
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
22.425.693.25%

SUBEXLTD Analyst Ratings & Forecast

—
Analyst Ratings data is currently unavailable for this stock

Price Upside

Earnings Growth

Rev. Growth

SUBEXLTD Company Profile

Subex Limited is a holding company, which provides software products and related services to communications service providers across the world. The Company also provides implementation and customization alongwith support services.

Investor Presentation

View older View older 

Aug 18, 2026

PDF
View Older Presentations

SUBEXLTD Similar Stocks (Peers)

Compare with peers Compare with peers 

SUBEXLTD Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
53.49
53.49
1Y Return
1.45%
1.45%
Buy Reco %
58.82
58.82
PE Ratio
33.00
33.00
1Y Return
16.05%
16.05%
Buy Reco %
100.00
100.00
PE Ratio
35.50
35.50
1Y Return
4.14%
4.14%
Buy Reco %
50.00
50.00
PE Ratio
37.58
37.58
1Y Return
31.58%
31.58%
Buy Reco %
53.33
53.33
PE Ratio
157.29
157.29
1Y Return
38.92%
38.92%
Buy Reco %
90.91
90.91
Compare with Peers

SUBEXLTD Sentiment Analysis

SUBEXLTD Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

SUBEXLTD Stock Summary · August 2026

Management struck a confident, growth-first tone, saying the business has moved beyond turnaround mode into a more sustainable phase of expansion. Revenue rose 8.9% sequentially and 19.7% year over year in Q1 FY27, while EBITDA and PAT margins remained healthy at 21.2% and 17.9%, supported by better backlog execution, tighter costs, and steady billing milestones rather than a one-off large deal. Cash and cash equivalents of INR 184.8 crores further strengthened the balance sheet, giving the company room to keep investing in product innovation and AI while preserving margin discipline. Management said roughly 70% of annual revenue is recurring, with new wins and backlog conversion providing additional growth, and highlighted traction across core platform deals as well as a rebuilt Partner Ecosystem Management product. At the same time, they acknowledged slower closures in the Middle East and more cautious timelines in some regions, though without cancellations or lost demand. For FY27, they said growth is trending toward near double-digit levels, but they declined formal guidance and indicated margins should stay around current levels with only modest expansion as reinvestment continues.

SUBEXLTD Stock Growth Drivers
SUBEXLTD Stock Growth Drivers
13
  • Turnaround Completed and Growth Phase Begun

    Management stated that the core turnaround work has been completed over the past three years,

  • Strong Operating Momentum and Profitability Improvement

    The company delivered a strong quarter with revenue up 8.9% sequentially and 19.7% year over

SUBEXLTD Stock Challenges
SUBEXLTD Stock Challenges
3
  • Geopolitical Disruption and Regional Demand Slowdown

    The company is facing a meaningful slowdown tied to the Middle East conflict, which is

  • Prolonged Contracting and Execution Delays

    Contract closures are taking longer across the business because customers are spending more time on

SUBEXLTD Forecast

SUBEXLTD Forecasts

empty forecast

Forecast data is currently unavailable

Forecast data is currently unavailable

Price

Price Upside

Revenue

Revenue Growth

Earnings

Earnings Per Share

SUBEXLTD

SUBEXLTD

Income

Balance Sheet

Cash Flow

SUBEXLTD Income Statement

SUBEXLTD Income Statement

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Quartermar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026jun 2026
Total Revenue86.4970.0879.5873.7673.3682.2170.4375.0480.4784.14
Operating & Other expensessubtract228.6774.2072.2770.1983.6062.4762.6366.2563.9664.45
Depreciation/Amortizationsubtract3.783.663.733.353.384.042.762.372.912.60
Interest & Other Itemssubtract0.640.590.590.540.500.990.820.660.800.63
Taxes & Other Itemssubtract9.912.842.372.933.481.901.362.832.872.24
EPS-2.83-0.200.01-0.06-0.320.230.050.050.180.26

SUBEXLTD Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2027FY 2027

Annual Report Pending

Investor Presentation

Aug 18PDF
Aug 5PDF
FY 2026FY 2026

Annual report

PDF

Investor Presentation

May 12PDF
Mar 11PDF
Feb 10PDF
+3 more
FY 2025FY 2025

Annual report

PDF

Investor Presentation

May 2PDF
Feb 13PDF
FY 2024FY 2024

Annual report

PDF
FY 2023FY 2023

Annual report

PDF
FY 2022FY 2022

Annual report

PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
FY 2019FY 2019

Annual report

PDF
FY 2018FY 2018

Annual report

PDF
FY 2017FY 2017

Annual report

PDF
 

SUBEXLTD Stock Peers

SUBEXLTD Past Performance & Peer Comparison

SUBEXLTD Past Performance & Peer Comparison

Comparing 3 stocks from 
Information TechnologySoftware Services

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Subex Ltd31.762.64—
Persistent Systems Ltd53.4912.730.63%
Oracle Financial Services Software Ltd33.0011.134.00%
L&T Technology Services Ltd35.506.991.35%
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SUBEXLTD Stock Price Comparison

Compare SUBEXLTD with any stock or ETF
Compare SUBEXLTD with any stock or ETF
SUBEXLTD
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SUBEXLTD Holdings

SUBEXLTD Shareholdings

SUBEXLTD Promoter Holdings Trend

SUBEXLTD Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

SUBEXLTD Institutional Holdings Trend

SUBEXLTD Institutional Holdings Trend

Decreased Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has decreased by 1.62%

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

SUBEXLTD Shareholding Pattern

SUBEXLTD Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding0.00%0.00%0.00%1.09%98.90%

Dec 2025

Mar 2026

Jun 2026

Sep 2026

SUBEXLTD Shareholding History

SUBEXLTD Shareholding History

JunSepDec '25MarJunSep0.78%0.78%0.94%1.11%0.60%1.09%

Mutual Funds Invested in SUBEXLTD

Mutual Funds Invested in SUBEXLTD

No mutual funds holding trends are available

Top 1 Mutual Funds holding Subex Ltd


Funds (Top 1)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
0.0010%0.09%0.09%49/89 (-4)

Compare 3-month MF holding change on Screener

SUBEXLTD Insider Trades & Bulk Stock Deals

SUBEXLTD Insider Trades & Bulk Stock Deals

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smallcases containing SUBEXLTD stock

smallcases containing SUBEXLTD stock

Looks like this stock is not in any smallcase yet.

SUBEXLTD Events

SUBEXLTD Events

SUBEXLTD Dividend Trend

No Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

SUBEXLTD has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

SUBEXLTD Dividend Trend

No Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

SUBEXLTD has not given any dividends in last 5 years

SUBEXLTD Upcoming Dividends

SUBEXLTD Upcoming Dividends

No upcoming dividends are available

SUBEXLTD Past Dividends

SUBEXLTD Past Dividends

Cash Dividend

Ex DateEx DateJul 1, 2021

Final
Final | Div/Share: ₹0.25

Dividend/Share

₹0.25

Ex DateEx Date

Jul 1, 2021

Cash Dividend

Ex DateEx DateFeb 10, 2021

Interim
Interim | Div/Share: ₹0.50

Dividend/Share

₹0.50

Ex DateEx Date

Feb 10, 2021

SUBEXLTD Stock News & Opinions

SUBEXLTD Stock News & Opinions

Corporate
Corporate
Subex Limited wins USD 0.72 million AI Agents contract with an African telecom operator

Subex Limited announced it secured a strategic AI Agents contract with a Tier-1 African telecom operator for approximately USD 0.72 million, involving the deployment of its AI Agents solutions to strengthen fraud investigation and revenue assurance capabilities. The engagement, which spans one year, marks a significant step in Subex's expansion of AI-first capabilities and moves the operator towards more autonomous operations.

1 day agoCapital Market - Live
Spotlight
Spotlight
Subex secures a three-year, USD 0.7 million deal with an African mobile operator

Subex Ltd. remains unchanged at Rs 18.34, after declining 5.17% over the last week. Subex has secured a new three-year deal valued at USD 0.7 million with a leading African mobile operator to deploy its HyperSense Fraud Management solutions, bolstering the company's presence in Africa and expanding its fraud management capabilities within a major global telecommunications group. The engagement will enable the operator to strengthen fraud detection, improve investigation effectiveness, and respond more rapidly to evolving threats, according to a regulatory filing made on October 9, 2026. Subex, a provider of AI-powered telecom solutions, highlighted that this partnership reflects continued customer confidence in its HyperSense Fraud Management portfolio and underscores its understanding of regional operating environments. Subex Ltd. shares saw a trading volume of 20.87 lakh today, a decrease of 80.38% from the one-week average volume. Subex Ltd. surged by 53.47% year-over-year, outperforming the NIFTY50 index's 11.24% loss.

3 weeks agoCapital Market - Live
Corporate
Corporate
Subex Limited confirms K Fin Technologies' regulatory compliance for the September quarter

Subex Limited, in a filing with the Bombay Stock Exchange and National Stock Exchange on October 5, 2026, reported that K Fin Technologies Limited, its Registrar & Transfer Agent, has confirmed compliance under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026.

3 weeks agoCapital Market - Live
Corporate
Corporate
Subex Limited closes trading window for insiders ahead of financial results release

Subex Limited informed the BSE Limited and National Stock Exchange of India that the trading window for dealing in securities of the company will be closed for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration of the unaudited financial results for the quarter and half year ending September 30, 2026.

1 month agoCapital Market - Live
Spotlight
Spotlight
Subex Limited jumps 13.32% as it secures a US$ 5 million contract to modernize a mobile network operator's Partner Ecosystem Management

Subex Ltd. shares surge 13.32% to Rs 21.95, building on recent momentum and showing a 12.05% increase over the last one week. Subex Limited announced September 23, 2026, that a major mobile network operator in the Asia Pacific region has selected the company to modernize and future-proof its Partner Ecosystem Management (PEM) operations, securing a contract valued at US$ 5 million with an option to extend for an additional 2 years. The engagement involves deploying Subex's Partner Ecosystem Management solutions to enable the operator to scale its partner ecosystem, onboard new business models, and capture emerging 5G and wholesale revenue opportunities, consolidating diverse business lines onto a unified platform. According to Subex, this project reinforces the company's position in Partner Ecosystem Management for the digital-first era. Subex Ltd. shares saw a trading volume of 238.82 lakh today, a surge of 56.34% above the one-week average volume. Subex Ltd. jumped by 72.56% year-over-year, outperforming the NIFTY50 index's 7.43% loss.

1 month agoCapital Market - Live
Spotlight
Spotlight
Subex secures a three-year, USD 0.6 million contract with an African mobile operator

Subex Ltd. currently trades at Rs 17.82, having risen 11.93% over the last week. Subex announced August 26, 2026, that it secured a three-year contract with a leading African mobile operator for the deployment of its HyperSense Fraud Management solutions, valued at USD 0.6 million. The engagement will enhance the operator’s ability to detect and combat fraud across its mobile operations and mobile money business, leveraging Subex’s AI-powered fraud management capabilities and deep telecom domain expertise. The deal expands Subex’s presence in the African market and reflects the increasing demand for integrated fraud management solutions within the telecom and mobile financial services sectors. Subex Ltd. shares saw a trading volume of 12.0 lakh today, a decrease of 94.14% compared to the average volume over the last one week. Subex Ltd. registered a strong increase of 36.97% year-over-year, outperforming the 2.54% loss recorded by the NIFTY50 index.

2 months agoCapital Market - Live
Spotlight
Spotlight
Subex jumps 4.92% after securing a Euro 0.6 million, three-year contract with a European fibre operator

Subex Ltd. is up 4.92% to Rs 17.93, extending recent gains and surging 28.90% over the last one week. Subex Limited has secured a new engagement with a major European open-access fibre operator to deploy its Partner Ecosystem Management Solutions, as announced on August 21, 2026. The three-year contract, valued at Euro 0.6 million, will support the operator's expansion of its wholesale business ecosystem and enhance operational efficiency and accuracy. Subex will provide a fully hosted and managed service, including end-to-end operations and ongoing support, reinforcing the company's position in the European wholesale market and expanding its managed, outcome-led engagement models. Subex Ltd. shares saw a trading volume of 3.12 lakh today, a surge of 37.85% compared to the average volume of the last one week. Subex Ltd. jumped by 34.21% year-over-year, outperforming the 3.27% loss recorded by the NIFTY50 index.

2 months agoCapital Market - Live
Earnings
Earnings
Subex Ltd consolidated sales up 8.90% on year in Q2FY2026, net profit surged by 43.20%

Subex Ltd share price rose by 5% to Rs 13.44 after the company's net profit jumped 43.20% to Rs 14.22 crore, while revenue from operations improved marginally 8.90% to Rs 79.45 crore in Q2FY26 over Q1FY26. The market capitalization of Software Products industry group stocks on BSE stood at Rs 1.17 lakh crore, surging by 20.48%. It has improved by 1.68% over last one week and rallied by 18.52% in last one month while the market capitalization of Subex Ltd has gained 14.98% and 31.78% in the same period respectively. Profit before tax (PBT) of Subex Ltd stood at Rs 16.46 crore in Q2 FY26, advancing by 11.90% year-on-year, and expanding by 28.59% quarter-on-quarter. EBITDA came in at Rs 10 crore, crashing by 186.78% YoY and rallying 524.85% sequentially. Total expenses posted a minor rise of 0.51% to Rs 67.05 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 40.15 crore, softening 1.13% YoY. For the TTM ended FY26, revenue from operations softened by 2.29% to Rs 279.06 crore, while net profit plunged by 190.74% to Rs 28.53 crore, compared to previous TTM. EBITDA saw a sharp decline of 2464% to Rs 6.02 crore, and PBT collapsed by 289.15% to Rs 37.49 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 71.51 crore in FY26, as against Rs 9.75 crore in FY25. Subex Ltd climbed 5.66% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 3.20% during the same period.

2 months agoCapital Market - Live
Corporate
Corporate
Subex to table results

Subex will hold a meeting of the Board of Directors of the Company on 5 August 2026.

3 months agoCapital Market - Live
Corporate
Corporate
Subex AGM scheduled

Subex announced that the Annual General Meeting(AGM) of the company will be held on 4 August 2026.

4 months agoCapital Market - Live

Frequently asked questions

  1. The share price of SUBEXLTD as on 30th October 2026 is ₹16.33. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. The past returns of Subex Ltd (SUBEXLTD) share are
    • Past 1 week: -4.61%
    • Past 1 month: -20.96%
    • Past 3 months: 38.98%
    • Past 6 months: 74.84%
    • Past 1 year: 27.68%
    • Past 3 years: -45.38%
    • Past 5 years: -61.89%

  3. Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Subex Ltd (SUBEXLTD) is ₹906.08 Cr as of 30th October 2026.

  4. The 52-week high of Subex Ltd (SUBEXLTD) is ₹22.80 and the 52-week low is ₹6.61.

  5. The P/E (price-to-earnings) ratio of Subex Ltd (SUBEXLTD) is 31.76. The P/B (price-to-book) ratio is 2.64.

  6. Subex Ltd (SUBEXLTD) belongs to the Information Technology sector & Software Services sub-sector.

  7. You can directly buy Subex Ltd (SUBEXLTD) shares on Tickertape. Simply sign up, connect your demat account and place your order.