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Subex Ltd

Subex Ltd

SUBEXLTD Share Price

NSE
8.754.48% (-0.41)
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With a market cap of ₹485 cr, stock is ranked 1,869

Stock is 3.87x 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

Avg

Average profitability - not good, not bad

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 ₹485 cr, stock is ranked 1,869

Stock is 3.87x as volatile as Nifty

SUBEXLTD Performance & Key Metrics

SUBEXLTD Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
485.501.59
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
23.556.233.12%

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

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Feb 10, 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
52.19
52.19
1Y Return
11.70%
11.70%
Buy Reco %
66.67
66.67
PE Ratio
25.05
25.05
1Y Return
12.62%
12.62%
Buy Reco %
100.00
100.00
PE Ratio
28.81
28.81
1Y Return
24.52%
24.52%
Buy Reco %
36.00
36.00
PE Ratio
35.31
35.31
1Y Return
18.45%
18.45%
Buy Reco %
15.38
15.38
PE Ratio
-143.20
-143.20
1Y Return
27.68%
27.68%
Buy Reco %
50.00
50.00
Compare with Peers

SUBEXLTD Sentiment Analysis

SUBEXLTD Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

SUBEXLTD Stock Summary · February 2026

Subex Limited demonstrated a solid financial performance with a 2.7% sequential revenue growth, bolstered by operational discipline and a robust order book, while maintaining profitability at both EBITDA and PAT levels. The successful launch of FraudZap, targeting a significant market for device fraud, reflects the company's strategic pivot towards AI-driven solutions, although challenges in sales conversion rates remain. With a focus on expanding into telco fintech and enhancing governance through independent directors, management is optimistic about future growth, despite acknowledging the need for improved revenue guidance and market engagement. The Middle East subsidiary's strong performance and ongoing recapitalization efforts position the company for enhanced operational success, even as geopolitical risks and market competition present ongoing challenges.

SUBEXLTD Stock Growth Drivers
SUBEXLTD Stock Growth Drivers
8
  • Strong Financial Performance

    Subex Limited achieved a 2.7% sequential growth in revenue for Q3 FY26, with a normalized

  • Successful Product Launches

    The company successfully commercialized FraudZap, a product developed and brought to market within a year,

SUBEXLTD Stock Challenges
SUBEXLTD Stock Challenges
4
  • Risks and Uncertainties

    The company faces various risks and uncertainties that could adversely affect its future growth prospects.

  • Contractual and Compliance Challenges

    The company is subject to contractual liabilities that could impact its financial stability. There are

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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Quartersep 2023dec 2023mar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025
Total Revenue78.0983.2386.4970.0879.5873.7673.3682.2170.4375.04
Operating & Other expensessubtract81.3881.24228.6774.2072.2770.1983.6062.4762.6366.25
Depreciation/Amortizationsubtract4.203.753.783.663.733.353.384.042.762.37
Interest & Other Itemssubtract0.660.630.640.590.590.540.500.990.820.66
Taxes & Other Itemssubtract2.902.509.912.842.372.933.481.901.362.83
EPS-0.20-0.09-2.83-0.200.01-0.06-0.320.230.050.05

SUBEXLTD Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual Report Pending

Investor Presentation

Feb 10PDF
Nov 11PDF
Aug 11PDF
Aug 11PDF
FY 2025FY 2025

Annual report

PDF

Investor Presentation

May 2PDF
Feb 13PDF
Nov 8PDF
FY 2024FY 2024

Annual report

PDF

Investor Presentation

Aug 8PDF
FY 2023FY 2023

Annual report

PDF

Investor Presentation

May 30PDF
Feb 6PDF
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
FY 2016FY 2016

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 Ltd-15.441.59
Persistent Systems Ltd52.1911.560.75%
Oracle Financial Services Software Ltd25.057.133.86%
L&T Technology Services Ltd28.815.991.60%

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

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 almost stayed constant

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%0.02%0.92%99.06%

Mar 2025

Jun 2025

Sep 2025

Dec 2025

SUBEXLTD Shareholding History

SUBEXLTD Shareholding History

SepDec '24MarJunSepDec '251.05%1.03%1.74%0.77%0.77%0.92%

SUBEXLTD Insider Trades & Bulk Stock Deals

SUBEXLTD Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

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 dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

SUBEXLTD Dividend Trend

No dividend trend available

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

Spotlight
Subex Ltd Surges 3.94%

Subex Ltd gained 3.94% today to trade at Rs 9.77. The BSE Information Technology index is up 0.66% to quote at 29844.9. The index is down 19.65 % over last one month. Among the other constituents of the index, Aurionpro Solutions Ltd increased 2.58% and KPIT Technologies Ltd added 2.17% on the day. The BSE Information Technology index went down 22.49 % over last one year compared to the 10.48% surge in benchmark SENSEX. Subex Ltd has added 8.8% over last one month compared to 19.65% fall in BSE Information Technology index and 0.69% rise in the SENSEX. On the BSE, 515 shares were traded in the counter so far compared with average daily volumes of 1.92 lakh shares in the past one month. The stock hit a record high of Rs 17.3 on 12 Jun 2025. The stock hit a 52-week low of Rs 8.86 on 27 Jan 2026.Powered by Capital Market - Live

5 days agoCapital Market - Live
Corporate
Subex secures multi-year agreement with leading MEA telecom operator

Subex announced it has secured a multi-year agreement with a Tier-1 telecom operator in the Middle East to modernize its Business Assurance capabilities. Under a multi-year engagement, Subex will implement its next-generation Business Assurance platform and provide ongoing support to strengthen revenue protection, risk management, and operational transparency across the operator's nationwide operations. This win marks a significant renewed partnership with a long-standing customer, reflecting Subex's continued commitment to delivering reliable, future-ready assurance solutions in complex, high-volume telecom environments. Subex was selected for its credible migration approach, that preserves live assurance operations, its demonstrated commitment over time, and its ability to meet stringent expectations across business users, IT, procurement, and legal stakeholders.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Earnings
Subex reports consolidated net profit of Rs 2.93 crore in the December 2025 quarter

Net profit of Subex reported to Rs 2.93 crore in the quarter ended December 2025 as against net loss of Rs 3.25 crore during the previous quarter ended December 2024. Sales declined 2.61% to Rs 70.79 crore in the quarter ended December 2025 as against Rs 72.69 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales70.7972.69 -3 OPM %12.773.44 - PBDT12.633.03 317 PBT10.26-0.32 LP NP2.93-3.25 LP Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Subex secures a AI deal in North America

Subex announced a deal win with a North American AI and Data transformation specialist providing services to telecom operators in the region, to launch subscription and handset fraud risk assessment services. Built on Subex's FraudZap', the solution applies AI to help telecom operators tackle handset fraud, one of the most significant fraud challenges in the industry. It enables CSPs to identify high-risk activity early and take timely action to protect revenues while maintaining a smooth customer experience. Powered by Subex's AI-led solution expertise in fraud management, the North-American entity can offer CSPs a scalable, low-latency approach to mitigating subscription and handset fraud, helping protect revenues while maintaining a smooth onboarding experience. The introduction of FraudZap' marks an important step in broadening Subex's play in the telecom fraud space offering a lightweight, plug-and-play, AI-powered solution for handset and device fraud that is quick to deploy and easy to run. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Subex schedules board meeting

Subex will hold a meeting of the Board of Directors of the Company on 10 February 2026.Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Subex consolidated net profit rises 361.29% in the September 2025 quarter

Net profit of Subex rose 361.29% to Rs 2.86 crore in the quarter ended September 2025 as against Rs 0.62 crore during the previous quarter ended September 2024. Sales declined 7.08% to Rs 68.91 crore in the quarter ended September 2025 as against Rs 74.16 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales68.9174.16 -7 OPM %9.112.55 - PBDT6.982.50 179 PBT4.22-1.23 LP NP2.860.62 361 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Subex to hold board meeting

Subex will hold a meeting of the Board of Directors of the Company on 11 November 2025.Powered by Capital Market - Live

4 months agoCapital Market - Live
Spotlight
Subex spurts 18% in two days on contract wins

The stock surged 10% on Friday, 10 October 2025, after the company announced two separate deal wins. It bagged a $6.62 million contract from a leading telecom operator in the Netherlands. The six-year deal, with an option for a two-year extension, involves deploying a single converged platform for MVNO billing and wholesale partner settlement. The engagement builds on an existing partnership spanning routing, interconnect, OTT, SMS, direct carrier billing, and wholesale billing, with services to be managed from Subex's UK datacenter. The project will consolidate wholesale billing and reporting functions into one system, targeting higher efficiency, lower costs, and continued 99% SLA compliance. The Dutch telecom operator, which supports several MVNOs, is expanding its broadband network to boost service quality and operational efficiency. Separately, Subex secured a five-year, $1.67 million upgrade deal with a leading Asia-Pacific communications service provider (CSP) to boost Revenue Assurance and Fraud Management via its HyperSense platform. Subex offers AI-driven telecom solutions for business assurance, fraud management, and partner ecosystem management, serving clients in over 100 countries. On a consolidated basis, the company reported a net profit of Rs 12.81 crore in Q1 FY26, compared with a net loss of Rs 11.21 crore in Q1 FY25. Net sales fell 2.6% YoY to Rs 66.40 crore in the quarter. Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Subex wins 5-year deal with leading APAC Telcom Operator

Subex has secured a deal with a leading Asia-Pacific communications service provider (CSP) for a period of five years. The engagement is an upgrade and will enhance the operator's Revenue Assurance and Fraud Management (RAFM) capabilities through Subex's HyperSense platform. The enhanced capability will enable the CSP to further strengthen revenue protection, combat fraud more efficiently, and unlock recurring value as digital economies scale. Powered by Capital Market - Live

4 months agoCapital Market - Live
Spotlight
Subex soars on bagging Netherlands telecom contract

The deal covers a six-year period, with an option to extend by two more years. Subex will deliver a single, converged platform for MVNO billing and wholesale partner settlement. The contract extends an existing partnership across routing, interconnect, OTT, SMS, direct carrier billing, and wholesale billing. Services will be fully managed from Subex's UK datacenter. The project aims to merge all wholesale billing and reporting functions into one platform. It targets improved efficiency, lower costs, and continued 99% SLA compliance. The Netherlands operator has a large wholesale footprint that supports several MVNOs. It is expanding its broadband network to enhance service quality and operational efficiency. Subex provides AI-driven telecom solutions for business assurance, fraud management, and partner ecosystem management. It serves over 100 countries worldwide. On a consolidated basis, Subex reported net profit of Rs 12.81 crore in Q1 June 2025 as against net loss of Rs 11.21 crore in Q1 June 2024. Net sales declined 2.58% YoY to Rs 66.40 crore in Q1 June 2025. Powered by Capital Market - Live

4 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Subex Ltd (SUBEXLTD) today?

    The share price of SUBEXLTD as on 2nd March 2026 is ₹8.75. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Subex Ltd (SUBEXLTD) share?

    The past returns of Subex Ltd (SUBEXLTD) share are
    • Past 1 week: -12.32%
    • Past 1 month: -7.51%
    • Past 3 months: -26.47%
    • Past 6 months: -31.37%
    • Past 1 year: -33.76%
    • Past 3 years: -69.67%
    • Past 5 years: -69.72%

  3. What are the peers or stocks similar to Subex Ltd (SUBEXLTD)?
  4. What is the market cap of Subex Ltd (SUBEXLTD) share?

    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 ₹485.50 Cr as of 2nd March 2026.

  5. What is the 52 week high and low of Subex Ltd (SUBEXLTD) share?

    The 52-week high of Subex Ltd (SUBEXLTD) is ₹17.19 and the 52-week low is ₹8.10.

  6. What is the PE and PB ratio of Subex Ltd (SUBEXLTD) stock?

    The P/E (price-to-earnings) ratio of Subex Ltd (SUBEXLTD) is -15.44. The P/B (price-to-book) ratio is 1.59.

  7. Which sector does Subex Ltd (SUBEXLTD) belong to?

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

  8. How to buy Subex Ltd (SUBEXLTD) shares?

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