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Subex Ltd

SUBEXLTD Share Price

11.890.00% (+0.00)
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With a market cap of ₹659 cr, stock is ranked 1,742

Stock is 3.99x 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 ₹659 cr, stock is ranked 1,742

Stock is 3.99x as volatile as Nifty

SUBEXLTD Performance & Key Metrics

SUBEXLTD Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
-127.362.17
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
28.777.562.53%

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 

Nov 11, 2025

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
71.75
71.75
1Y Return
7.33%
7.33%
Buy Reco %
65.63
65.63
PE Ratio
29.95
29.95
1Y Return
34.03%
34.03%
Buy Reco %
100.00
100.00
PE Ratio
39.20
39.20
1Y Return
11.62%
11.62%
Buy Reco %
44.44
44.44
PE Ratio
41.40
41.40
1Y Return
26.93%
26.93%
Buy Reco %
15.38
15.38
PE Ratio
-191.42
-191.42
1Y Return
3.33%
3.33%
Buy Reco %
0.00
0.00
Compare with Peers

SUBEXLTD Sentiment Analysis

SUBEXLTD Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

SUBEXLTD Stock Summary · August 2025

In the recent earnings call, management highlighted a cautious outlook amid mixed financial results, driven by stagnant revenue and operational challenges, particularly in the telecommunications sector. Despite a strong pipeline and ongoing investments in innovative products like FraudZap, the company faces significant hurdles, including elongated decision-making processes and a reliance on backlogs that hinder growth. The strategic focus on the Middle East aims to stabilize operations and capitalize on emerging market opportunities, while efforts to enhance investor communication reflect a commitment to rebuilding trust. As the company transitions to a subscription-based model, it acknowledges the complexities of customer retention and revenue recognition, emphasizing the need for transparency and proactive engagement to navigate these challenges effectively.

SUBEXLTD Stock Growth Drivers
SUBEXLTD Stock Growth Drivers
8
  • Return to Profitability

    The company has achieved a return to profitability in Q1 FY26, marking a significant milestone.

  • Strong Cash Position and Working Capital Management

    Subex Limited has reported a significantly stronger cash position due to improved working capital management

SUBEXLTD Stock Challenges
SUBEXLTD Stock Challenges
5
  • Revenue Decline and Financial Performance Issues

    Subex Limited has experienced a significant decline in revenue, with a reported decrease of approximately

  • Customer Retention and Churn Concerns

    While the overall customer churn rate is reported to be low at around 2%, the

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

Industry refers to the sub-sector this company belongs to.
Lower than Industry Revenue Growth
A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of -4.8%, vs industry avg of 13.33%

Decreasing Market Share
Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 0.97% to 0.38%

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Financial YearFY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025TTM
Total Revenue368.87337.38350.84379.48382.31343.81286.85316.45296.78299.76
Raw Materialssubtract0.000.000.000.000.000.000.000.000.00278.89
Power & Fuel Costsubtract2.012.102.122.141.421.121.556.162.99
Employee Costsubtract158.71174.71191.05174.54197.20214.49200.69209.00185.18
Selling & Administrative Expensessubtract70.2368.0068.1857.5127.5639.7848.6048.5843.07
Operating & Other expensessubtract146.1945.2435.42362.2749.4442.1457.73209.5969.02
Depreciation/Amortizationsubtract4.955.174.8315.0813.789.8813.9915.5914.1213.53
Interest & Other Itemssubtract20.407.752.165.643.542.713.352.632.222.85
Taxes & Other Itemssubtract9.6113.7321.8631.4537.6512.7012.1516.6311.629.67
EPS-0.860.390.45-4.790.920.37-0.91-3.41-0.56-0.09
DPS0.000.000.000.000.750.000.000.000.000.00
Payout ratio0.000.000.000.000.810.000.000.000.000.00

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

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
Nov 15PDF
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-20.982.17
Persistent Systems Ltd71.7515.900.54%
Oracle Financial Services Software Ltd29.958.523.23%
L&T Technology Services Ltd39.208.141.17%

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%0.77%99.21%

Dec 2024

Mar 2025

Jun 2025

Sep 2025

SUBEXLTD Shareholding History

SUBEXLTD Shareholding History

JunSepDec '24MarJunSep1.08%1.05%1.03%1.74%0.77%0.77%

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

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 weeks 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

1 month 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

1 month 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

1 month 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

1 month agoCapital Market - Live
Corporate
Subex AGM scheduled

Subex announced that the Annual General Meeting(AGM) of the company will be held on 29 September 2025.Powered by Capital Market - Live

3 months agoCapital Market - Live
Earnings
Subex reports consolidated net profit of Rs 12.81 crore in the June 2025 quarter

Net profit of Subex reported to Rs 12.81 crore in the quarter ended June 2025 as against net loss of Rs 11.21 crore during the previous quarter ended June 2024. Sales declined 2.58% to Rs 66.40 crore in the quarter ended June 2025 as against Rs 68.16 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales66.4068.16 -3 OPM %5.92-8.86 - PBDT18.75-4.71 LP PBT14.71-8.37 LP NP12.81-11.21 LP Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Subex to declare Quarterly Results

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

4 months agoCapital Market - Live
Corporate
Subex launches FraudZap' to combat threat of handset fraud

Subex announced the launch of FraudZap', a lightweight, AI-powered fraud detection platform designed to help Telecom Operators combat fast-evolving fraud with unmatched speed and agility. The platform's first out-of-the-box use case targets the growing threat of Handset Fraud, one of the most pervasive challenges for telcos currently. Built for agility, speed, and precision, FraudZap' offers targeted fraud controls with minimal TCO, zero AI build-up time, and near-zero deployment effort - on cloud, on-prem, or as-a-service. Its modular design allows CSPs to deploy single-use fraud controls within days, not months. Powered by Capital Market - Live

5 months agoCapital Market - Live
Earnings
Subex reports consolidated net loss of Rs 17.60 crore in the March 2025 quarter

Net Loss of Subex reported to Rs 17.60 crore in the quarter ended March 2025 as against net loss of Rs 156.51 crore during the previous quarter ended March 2024. Sales declined 15.75% to Rs 70.60 crore in the quarter ended March 2025 as against Rs 83.80 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 31.44 crore in the year ended March 2025 as against net loss of Rs 191.73 crore during the previous year ended March 2024. Sales declined 7.78% to Rs 285.61 crore in the year ended March 2025 as against Rs 309.72 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales70.6083.80 -16 285.61309.72 -8 OPM %-18.413.68 --5.13-5.06 - PBDT-10.745.13 PL -9.92-11.56 14 PBT-14.121.35 PL -24.04-27.15 11 NP-17.60-156.51 89 -31.44-191.73 84 Powered by Capital Market - Live

7 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 5th December 2025 is ₹11.89. 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: -4.28%
    • Past 1 month: -10.36%
    • Past 3 months: -8.33%
    • Past 6 months: -19.01%
    • Past 1 year: -51.94%
    • Past 3 years: -64.93%
    • Past 5 years: -60.95%

  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 ₹659.72 Cr as of 5th December 2025.

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

    The 52-week high of Subex Ltd (SUBEXLTD) is ₹26.93 and the 52-week low is ₹10.55.

  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 -20.98. The P/B (price-to-book) ratio is 2.17.

  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.