Share Price and Basic Stock Data
Last Updated: January 3, 2026, 12:30 pm
| PEG Ratio | 0.00 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Subex Ltd operates in the IT Consulting and Software industry, with a current share price of ₹11.7 and a market capitalization of ₹659 Cr. The company reported fluctuating sales figures over the past quarters, with the most recent quarter (Sep 2023) recording sales of ₹76.81 Cr, a notable increase from ₹67.29 Cr in Jun 2023. However, sales dipped to ₹47.27 Cr in Mar 2023, indicating volatility in revenue generation. Year-on-year, the annual sales for FY 2025 stood at ₹286 Cr, reflecting a decline from ₹310 Cr in FY 2024. The company’s operating profit margin (OPM) has shown signs of recovery, reported at 9.11% in the latest quarter, following a period of negative margins in previous quarters. The cash conversion cycle (CCC) was recorded at 99 days, which is relatively high compared to sector norms, indicating potential inefficiencies in receivables and inventory management. Overall, while there are signs of revenue recovery, the inconsistent sales performance poses challenges for sustainable growth.
Profitability and Efficiency Metrics
Subex Ltd’s profitability metrics present a mixed picture. The company reported a net profit of ₹-5 Cr, with a return on equity (ROE) of 11.3% and a return on capital employed (ROCE) of 6.44%. The operating profit for the most recent quarter was ₹6.28 Cr, reflecting a positive trend compared to earlier quarters where it faced significant losses, such as ₹-36.76 Cr in Mar 2023. However, the interest coverage ratio (ICR) stood at a concerning -3.47x, indicating that the company is not generating enough earnings to cover its interest expenses. Additionally, the net profit margins remain negative, recorded at -11% for FY 2025. The company’s operational efficiency is further illustrated by the working capital days, which have improved to 45 days in FY 2025, down from 110 days in FY 2022. Despite the recovery in some profitability metrics, the negative net profit and high interest coverage ratio raise concerns about financial sustainability.
Balance Sheet Strength and Financial Ratios
Subex Ltd’s balance sheet reflects a cautious approach to leveraging, with borrowings currently at ₹30 Cr and total liabilities at ₹517 Cr. The company’s reserves have declined significantly, standing at ₹42 Cr in Sep 2025, down from ₹241 Cr in Mar 2023. The total assets are valued at ₹517 Cr, which is a decrease from ₹695 Cr in Mar 2023, indicating a contraction in asset base. The price-to-book value (P/BV) ratio is reported at 2.25x, suggesting that the market values the company at a premium relative to its book value. The current ratio is strong at 2.12x, indicating good short-term liquidity. However, the return on assets (ROA) is negative at -6.45%, highlighting inefficiencies in utilizing assets for generating profits. Furthermore, the enterprise value (EV) is recorded at ₹607.26 Cr, which, when compared to net operating revenues, suggests that the stock may be overvalued in light of its recent financial struggles.
Shareholding Pattern and Investor Confidence
Subex Ltd’s shareholding pattern indicates a strong public ownership, currently at 97.94%, while foreign institutional investors (FIIs) hold a mere 0.77% and domestic institutional investors (DIIs) hold only 0.01%. This lack of institutional backing may reflect a cautious stance among larger investors regarding the company’s financial health. The number of shareholders has decreased to 3,52,541, down from 3,80,815 in Dec 2022, indicating potential investor fatigue or lack of confidence in the company’s recovery plans. The gradual increase in FII ownership to 1.74% by Mar 2025 suggests a slight uptick in interest from foreign investors, although their overall stake remains minimal. The limited institutional interest combined with high public ownership raises concerns about the stock’s volatility and potential for manipulation. Investors may be wary due to the company’s recent financial losses and inconsistent operational performance.
Outlook, Risks, and Final Insight
The outlook for Subex Ltd remains cautiously optimistic, contingent upon its ability to stabilize revenue streams and improve profitability metrics. Key strengths include a strong public ownership base and recent improvements in the operating profit margin, which may attract more investors if sustained. However, significant risks persist, including a high interest coverage ratio, negative net profit margins, and an overall declining asset base, which could hinder potential growth. The company’s ability to manage its cash conversion cycle effectively will be critical in enhancing operational efficiency. Should Subex Ltd succeed in implementing effective cost-control measures and leverage its existing technological capabilities, it may reverse the current trend of financial instability. Conversely, failure to address these issues could lead to further deterioration in financial performance, potentially impacting investor confidence and share price stability.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Visesh Infotecnics Ltd | 125 Cr. | 0.33 | / | 1.11 | 0.00 % | 2.21 % | 2.23 % | 1.00 | |
| Mudunuru Ltd | 59.2 Cr. | 18.7 | 18.7/4.43 | 0.20 | 0.00 % | 27.0 % | 90.7 % | 2.00 | |
| Naapbooks Ltd | 149 Cr. | 138 | 194/99.8 | 22.8 | 36.4 | 0.00 % | 23.6 % | 17.1 % | 10.0 |
| IB Infotech Enterprises Ltd | 38.3 Cr. | 299 | 310/140 | 27.4 | 26.7 | 0.33 % | 38.5 % | 35.4 % | 10.0 |
| Hit Kit Global Solutions Ltd | 5.71 Cr. | 1.06 | 1.73/0.91 | 2.47 | 0.00 % | 2.14 % | 2.15 % | 2.00 | |
| Industry Average | 20,271.35 Cr | 554.45 | 88.36 | 123.78 | 0.55% | 14.88% | 20.92% | 6.84 |
Quarterly Result
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 74.50 | 73.66 | 47.27 | 67.29 | 76.81 | 81.82 | 83.80 | 68.16 | 74.16 | 72.69 | 70.60 | 66.40 | 68.91 |
| Expenses | 74.19 | 68.57 | 84.03 | 82.03 | 81.38 | 81.24 | 80.72 | 74.20 | 72.27 | 70.19 | 83.60 | 62.47 | 62.63 |
| Operating Profit | 0.31 | 5.09 | -36.76 | -14.74 | -4.57 | 0.58 | 3.08 | -6.04 | 1.89 | 2.50 | -13.00 | 3.93 | 6.28 |
| OPM % | 0.42% | 6.91% | -77.77% | -21.91% | -5.95% | 0.71% | 3.68% | -8.86% | 2.55% | 3.44% | -18.41% | 5.92% | 9.11% |
| Other Income | 0.98 | 0.81 | 3.72 | 1.35 | 1.28 | 1.41 | -145.26 | 1.92 | 5.42 | 1.07 | 2.76 | 15.81 | 1.52 |
| Interest | 0.82 | 0.76 | 0.72 | 0.70 | 0.66 | 0.63 | 0.64 | 0.59 | 0.59 | 0.54 | 0.50 | 0.99 | 0.82 |
| Depreciation | 3.75 | 3.81 | 3.82 | 3.87 | 4.20 | 3.75 | 3.78 | 3.66 | 3.73 | 3.35 | 3.38 | 4.04 | 2.76 |
| Profit before tax | -3.28 | 1.33 | -37.58 | -17.96 | -8.15 | -2.39 | -146.60 | -8.37 | 2.99 | -0.32 | -14.12 | 14.71 | 4.22 |
| Tax % | 49.39% | 451.88% | 25.55% | 7.35% | 35.58% | 104.60% | 6.76% | 33.93% | 79.26% | 915.62% | 24.65% | 12.92% | 32.23% |
| Net Profit | -4.90 | -4.68 | -47.18 | -19.28 | -11.05 | -4.89 | -156.51 | -11.21 | 0.62 | -3.25 | -17.60 | 12.81 | 2.86 |
| EPS in Rs | -0.09 | -0.08 | -0.84 | -0.34 | -0.20 | -0.09 | -2.78 | -0.20 | 0.01 | -0.06 | -0.31 | 0.23 | 0.05 |
Last Updated: December 29, 2025, 12:40 am
Below is a detailed analysis of the quarterly data for Subex Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Sales, as of Sep 2025, the value is 68.91 Cr.. The value appears strong and on an upward trend. It has increased from 66.40 Cr. (Jun 2025) to 68.91 Cr., marking an increase of 2.51 Cr..
- For Expenses, as of Sep 2025, the value is 62.63 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 62.47 Cr. (Jun 2025) to 62.63 Cr., marking an increase of 0.16 Cr..
- For Operating Profit, as of Sep 2025, the value is 6.28 Cr.. The value appears strong and on an upward trend. It has increased from 3.93 Cr. (Jun 2025) to 6.28 Cr., marking an increase of 2.35 Cr..
- For OPM %, as of Sep 2025, the value is 9.11%. The value appears strong and on an upward trend. It has increased from 5.92% (Jun 2025) to 9.11%, marking an increase of 3.19%.
- For Other Income, as of Sep 2025, the value is 1.52 Cr.. The value appears to be declining and may need further review. It has decreased from 15.81 Cr. (Jun 2025) to 1.52 Cr., marking a decrease of 14.29 Cr..
- For Interest, as of Sep 2025, the value is 0.82 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 0.99 Cr. (Jun 2025) to 0.82 Cr., marking a decrease of 0.17 Cr..
- For Depreciation, as of Sep 2025, the value is 2.76 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 4.04 Cr. (Jun 2025) to 2.76 Cr., marking a decrease of 1.28 Cr..
- For Profit before tax, as of Sep 2025, the value is 4.22 Cr.. The value appears to be declining and may need further review. It has decreased from 14.71 Cr. (Jun 2025) to 4.22 Cr., marking a decrease of 10.49 Cr..
- For Tax %, as of Sep 2025, the value is 32.23%. The value appears to be increasing, which may not be favorable. It has increased from 12.92% (Jun 2025) to 32.23%, marking an increase of 19.31%.
- For Net Profit, as of Sep 2025, the value is 2.86 Cr.. The value appears to be declining and may need further review. It has decreased from 12.81 Cr. (Jun 2025) to 2.86 Cr., marking a decrease of 9.95 Cr..
- For EPS in Rs, as of Sep 2025, the value is 0.05. The value appears to be declining and may need further review. It has decreased from 0.23 (Jun 2025) to 0.05, marking a decrease of 0.18.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 4:35 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 340 | 360 | 322 | 357 | 324 | 348 | 365 | 372 | 333 | 279 | 310 | 286 | 279 |
| Expenses | 272 | 275 | 231 | 268 | 290 | 297 | 279 | 273 | 298 | 309 | 325 | 300 | 279 |
| Operating Profit | 68 | 85 | 91 | 89 | 34 | 51 | 86 | 99 | 36 | -30 | -16 | -15 | -0 |
| OPM % | 20% | 24% | 28% | 25% | 11% | 15% | 24% | 27% | 11% | -11% | -5% | -5% | -0% |
| Other Income | -0 | -4 | -87 | -97 | 13 | 3 | -303 | 8 | 10 | 8 | -141 | 11 | 21 |
| Interest | 67 | 61 | 62 | 20 | 8 | 2 | 6 | 4 | 3 | 3 | 3 | 2 | 3 |
| Depreciation | 2 | 4 | 4 | 5 | 5 | 5 | 15 | 14 | 10 | 14 | 16 | 14 | 14 |
| Profit before tax | -2 | 16 | -62 | -34 | 34 | 47 | -238 | 89 | 34 | -39 | -175 | -20 | 4 |
| Tax % | 416% | 36% | 21% | 29% | 40% | 46% | 13% | 42% | 38% | 31% | 10% | 59% | |
| Net Profit | -12 | 10 | -74 | -43 | 21 | 25 | -269 | 52 | 21 | -51 | -192 | -31 | -5 |
| EPS in Rs | -0.70 | 0.56 | -1.48 | -0.85 | 0.37 | 0.45 | -4.79 | 0.92 | 0.37 | -0.91 | -3.40 | -0.56 | -0.09 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | 82% | -0% | -0% | -0% | -0% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 183.33% | -840.00% | 41.89% | 148.84% | 19.05% | -1176.00% | 119.33% | -59.62% | -342.86% | -276.47% | 83.85% |
| Change in YoY Net Profit Growth (%) | 0.00% | -1023.33% | 881.89% | 106.95% | -129.79% | -1195.05% | 1295.33% | -178.95% | -283.24% | 66.39% | 360.32% |
Subex Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -5% |
| 3 Years: | -5% |
| TTM: | -9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 80% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 5% |
| 3 Years: | -29% |
| 1 Year: | -56% |
| Return on Equity | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -3% |
| 3 Years: | -11% |
| Last Year: | -10% |
Last Updated: September 5, 2025, 1:36 pm
Balance Sheet
Last Updated: December 4, 2025, 2:02 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 167 | 183 | 503 | 507 | 562 | 562 | 562 | 281 | 281 | 281 | 281 | 281 | 281 |
| Reserves | 7 | 26 | 231 | 177 | 217 | 232 | -47 | 268 | 283 | 241 | 53 | 23 | 42 |
| Borrowings | 763 | 725 | 228 | 186 | 32 | 0 | 49 | 26 | 15 | 33 | 28 | 19 | 30 |
| Other Liabilities | 156 | 188 | 80 | 86 | 81 | 96 | 114 | 151 | 140 | 140 | 167 | 163 | 165 |
| Total Liabilities | 1,093 | 1,121 | 1,042 | 957 | 892 | 890 | 678 | 725 | 719 | 695 | 528 | 487 | 517 |
| Fixed Assets | 862 | 865 | 775 | 668 | 666 | 664 | 393 | 375 | 368 | 385 | 228 | 217 | 231 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 14 | 9 | 22 | 9 |
| Other Assets | 230 | 257 | 267 | 289 | 226 | 226 | 286 | 350 | 339 | 296 | 292 | 248 | 278 |
| Total Assets | 1,093 | 1,121 | 1,042 | 957 | 892 | 890 | 678 | 725 | 719 | 695 | 528 | 487 | 517 |
Below is a detailed analysis of the balance sheet data for Subex Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 281.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 281.00 Cr..
- For Reserves, as of Sep 2025, the value is 42.00 Cr.. The value appears strong and on an upward trend. It has increased from 23.00 Cr. (Mar 2025) to 42.00 Cr., marking an increase of 19.00 Cr..
- For Borrowings, as of Sep 2025, the value is 30.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 19.00 Cr. (Mar 2025) to 30.00 Cr., marking an increase of 11.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 165.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 163.00 Cr. (Mar 2025) to 165.00 Cr., marking an increase of 2.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 517.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 487.00 Cr. (Mar 2025) to 517.00 Cr., marking an increase of 30.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 231.00 Cr.. The value appears strong and on an upward trend. It has increased from 217.00 Cr. (Mar 2025) to 231.00 Cr., marking an increase of 14.00 Cr..
- For CWIP, as of Sep 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
- For Investments, as of Sep 2025, the value is 9.00 Cr.. The value appears to be declining and may need further review. It has decreased from 22.00 Cr. (Mar 2025) to 9.00 Cr., marking a decrease of 13.00 Cr..
- For Other Assets, as of Sep 2025, the value is 278.00 Cr.. The value appears strong and on an upward trend. It has increased from 248.00 Cr. (Mar 2025) to 278.00 Cr., marking an increase of 30.00 Cr..
- For Total Assets, as of Sep 2025, the value is 517.00 Cr.. The value appears strong and on an upward trend. It has increased from 487.00 Cr. (Mar 2025) to 517.00 Cr., marking an increase of 30.00 Cr..
Notably, the Reserves (42.00 Cr.) exceed the Borrowings (30.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -695.00 | -640.00 | -137.00 | -97.00 | 2.00 | 51.00 | 37.00 | 73.00 | 21.00 | -63.00 | -44.00 | -34.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 108 | 110 | 126 | 121 | 105 | 90 | 92 | 98 | 106 | 118 | 120 | 99 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 108 | 110 | 126 | 121 | 105 | 90 | 92 | 98 | 106 | 118 | 120 | 99 |
| Working Capital Days | -119 | -69 | -128 | -96 | 51 | 60 | 62 | 69 | 110 | 71 | 47 | 45 |
| ROCE % | 7% | 9% | 7% | 10% | 4% | 6% | 13% | 16% | 6% | -6% | -5% | -6% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Motilal Oswal Nifty Microcap 250 Index Fund | 620,589 | 0.34 | 2.11 | 620,589 | 2025-04-22 15:56:53 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Basic EPS (Rs.) | -0.57 | -3.47 | -0.93 | 0.38 | 0.96 |
| Diluted EPS (Rs.) | -0.57 | -3.47 | -0.93 | 0.38 | 0.96 |
| Cash EPS (Rs.) | -0.30 | -3.13 | -0.66 | 0.54 | 1.17 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 5.42 | 5.93 | 9.29 | 10.03 | 9.76 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 5.42 | 5.93 | 9.29 | 10.03 | 9.76 |
| Revenue From Operations / Share (Rs.) | 5.08 | 5.51 | 4.96 | 5.93 | 6.62 |
| PBDIT / Share (Rs.) | -0.13 | -0.15 | -0.40 | 0.80 | 1.84 |
| PBIT / Share (Rs.) | -0.38 | -0.43 | -0.64 | 0.63 | 1.59 |
| PBT / Share (Rs.) | -0.35 | -3.12 | -0.69 | 0.59 | 1.59 |
| Net Profit / Share (Rs.) | -0.55 | -3.41 | -0.91 | 0.37 | 0.92 |
| NP After MI And SOA / Share (Rs.) | -0.55 | -3.41 | -0.91 | 0.37 | 0.92 |
| PBDIT Margin (%) | -2.69 | -2.88 | -8.06 | 13.64 | 27.75 |
| PBIT Margin (%) | -7.63 | -7.91 | -13.08 | 10.68 | 24.04 |
| PBT Margin (%) | -6.93 | -56.53 | -14.01 | 10.10 | 24.02 |
| Net Profit Margin (%) | -11.00 | -61.90 | -18.37 | 6.29 | 13.90 |
| NP After MI And SOA Margin (%) | -11.00 | -61.90 | -18.37 | 6.29 | 13.90 |
| Return on Networth / Equity (%) | -10.32 | -57.48 | -9.81 | 3.72 | 9.42 |
| Return on Capital Employeed (%) | -5.65 | -5.77 | -5.90 | 5.53 | 14.20 |
| Return On Assets (%) | -6.45 | -36.19 | -7.27 | 2.91 | 7.11 |
| Total Debt / Equity (X) | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Asset Turnover Ratio (%) | 0.56 | 0.50 | 0.39 | 0.10 | 0.08 |
| Current Ratio (X) | 2.12 | 2.39 | 3.05 | 3.90 | 3.22 |
| Quick Ratio (X) | 2.12 | 2.39 | 3.05 | 3.90 | 3.22 |
| Dividend Payout Ratio (NP) (%) | 0.00 | 0.00 | 0.00 | 65.12 | 53.09 |
| Dividend Payout Ratio (CP) (%) | 0.00 | 0.00 | 0.00 | 44.28 | 41.92 |
| Earning Retention Ratio (%) | 0.00 | 0.00 | 0.00 | 34.88 | 46.91 |
| Cash Earning Retention Ratio (%) | 0.00 | 0.00 | 0.00 | 55.72 | 58.08 |
| Interest Coverage Ratio (X) | -3.47 | -3.40 | -8.72 | 23.46 | 34.88 |
| Interest Coverage Ratio (Post Tax) (X) | -15.06 | -15.65 | -18.85 | 11.82 | 17.50 |
| Enterprise Value (Cr.) | 607.26 | 1588.90 | 1485.24 | 1695.35 | 1857.02 |
| EV / Net Operating Revenue (X) | 2.13 | 5.13 | 5.33 | 5.08 | 4.99 |
| EV / EBITDA (X) | -78.86 | -177.93 | -66.04 | 37.25 | 17.99 |
| MarketCap / Net Operating Revenue (X) | 2.40 | 5.45 | 5.72 | 5.41 | 5.37 |
| Retention Ratios (%) | 0.00 | 0.00 | 0.00 | 34.87 | 46.90 |
| Price / BV (X) | 2.25 | 5.06 | 3.06 | 3.20 | 3.64 |
| Price / Net Operating Revenue (X) | 2.40 | 5.45 | 5.72 | 5.41 | 5.37 |
| EarningsYield | -0.04 | -0.11 | -0.03 | 0.01 | 0.02 |
After reviewing the key financial ratios for Subex Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 5.00.
- For Basic EPS (Rs.), as of Mar 25, the value is -0.57. This value is below the healthy minimum of 5. It has increased from -3.47 (Mar 24) to -0.57, marking an increase of 2.90.
- For Diluted EPS (Rs.), as of Mar 25, the value is -0.57. This value is below the healthy minimum of 5. It has increased from -3.47 (Mar 24) to -0.57, marking an increase of 2.90.
- For Cash EPS (Rs.), as of Mar 25, the value is -0.30. This value is below the healthy minimum of 3. It has increased from -3.13 (Mar 24) to -0.30, marking an increase of 2.83.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 5.42. It has decreased from 5.93 (Mar 24) to 5.42, marking a decrease of 0.51.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 5.42. It has decreased from 5.93 (Mar 24) to 5.42, marking a decrease of 0.51.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 5.08. It has decreased from 5.51 (Mar 24) to 5.08, marking a decrease of 0.43.
- For PBDIT / Share (Rs.), as of Mar 25, the value is -0.13. This value is below the healthy minimum of 2. It has increased from -0.15 (Mar 24) to -0.13, marking an increase of 0.02.
- For PBIT / Share (Rs.), as of Mar 25, the value is -0.38. This value is below the healthy minimum of 0. It has increased from -0.43 (Mar 24) to -0.38, marking an increase of 0.05.
- For PBT / Share (Rs.), as of Mar 25, the value is -0.35. This value is below the healthy minimum of 0. It has increased from -3.12 (Mar 24) to -0.35, marking an increase of 2.77.
- For Net Profit / Share (Rs.), as of Mar 25, the value is -0.55. This value is below the healthy minimum of 2. It has increased from -3.41 (Mar 24) to -0.55, marking an increase of 2.86.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is -0.55. This value is below the healthy minimum of 2. It has increased from -3.41 (Mar 24) to -0.55, marking an increase of 2.86.
- For PBDIT Margin (%), as of Mar 25, the value is -2.69. This value is below the healthy minimum of 10. It has increased from -2.88 (Mar 24) to -2.69, marking an increase of 0.19.
- For PBIT Margin (%), as of Mar 25, the value is -7.63. This value is below the healthy minimum of 10. It has increased from -7.91 (Mar 24) to -7.63, marking an increase of 0.28.
- For PBT Margin (%), as of Mar 25, the value is -6.93. This value is below the healthy minimum of 10. It has increased from -56.53 (Mar 24) to -6.93, marking an increase of 49.60.
- For Net Profit Margin (%), as of Mar 25, the value is -11.00. This value is below the healthy minimum of 5. It has increased from -61.90 (Mar 24) to -11.00, marking an increase of 50.90.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is -11.00. This value is below the healthy minimum of 8. It has increased from -61.90 (Mar 24) to -11.00, marking an increase of 50.90.
- For Return on Networth / Equity (%), as of Mar 25, the value is -10.32. This value is below the healthy minimum of 15. It has increased from -57.48 (Mar 24) to -10.32, marking an increase of 47.16.
- For Return on Capital Employeed (%), as of Mar 25, the value is -5.65. This value is below the healthy minimum of 10. It has increased from -5.77 (Mar 24) to -5.65, marking an increase of 0.12.
- For Return On Assets (%), as of Mar 25, the value is -6.45. This value is below the healthy minimum of 5. It has increased from -36.19 (Mar 24) to -6.45, marking an increase of 29.74.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.00.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.56. It has increased from 0.50 (Mar 24) to 0.56, marking an increase of 0.06.
- For Current Ratio (X), as of Mar 25, the value is 2.12. This value is within the healthy range. It has decreased from 2.39 (Mar 24) to 2.12, marking a decrease of 0.27.
- For Quick Ratio (X), as of Mar 25, the value is 2.12. This value exceeds the healthy maximum of 2. It has decreased from 2.39 (Mar 24) to 2.12, marking a decrease of 0.27.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 24) which recorded 0.00.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 24) which recorded 0.00.
- For Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 24) which recorded 0.00.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 24) which recorded 0.00.
- For Interest Coverage Ratio (X), as of Mar 25, the value is -3.47. This value is below the healthy minimum of 3. It has decreased from -3.40 (Mar 24) to -3.47, marking a decrease of 0.07.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is -15.06. This value is below the healthy minimum of 3. It has increased from -15.65 (Mar 24) to -15.06, marking an increase of 0.59.
- For Enterprise Value (Cr.), as of Mar 25, the value is 607.26. It has decreased from 1,588.90 (Mar 24) to 607.26, marking a decrease of 981.64.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 2.13. This value is within the healthy range. It has decreased from 5.13 (Mar 24) to 2.13, marking a decrease of 3.00.
- For EV / EBITDA (X), as of Mar 25, the value is -78.86. This value is below the healthy minimum of 5. It has increased from -177.93 (Mar 24) to -78.86, marking an increase of 99.07.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 2.40. This value is within the healthy range. It has decreased from 5.45 (Mar 24) to 2.40, marking a decrease of 3.05.
- For Retention Ratios (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 30. There is no change compared to the previous period (Mar 24) which recorded 0.00.
- For Price / BV (X), as of Mar 25, the value is 2.25. This value is within the healthy range. It has decreased from 5.06 (Mar 24) to 2.25, marking a decrease of 2.81.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 2.40. This value is within the healthy range. It has decreased from 5.45 (Mar 24) to 2.40, marking a decrease of 3.05.
- For EarningsYield, as of Mar 25, the value is -0.04. This value is below the healthy minimum of 5. It has increased from -0.11 (Mar 24) to -0.04, marking an increase of 0.07.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Subex Ltd:
- Net Profit Margin: -11%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: -5.65% (Industry Average ROCE: 14.88%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: -10.32% (Industry Average ROE: 20.92%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): -15.06
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 2.12
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 0 (Industry average Stock P/E: 88.36)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: -11%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| IT Consulting & Software | Pritech Park-SEZ, Block-9, 4th floor, B Wing, Survey No. 51-64/4, Bengaluru Karnataka 560103 | Contact not found |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Anil Singhvi | Chairman, Non Ind & Non Exe Director |
| Ms. Nisha Dutt | Managing Director & CEO |
| Ms. Poornima Prabhu | Independent Director |
| Mrs. Archana Muthappa | Independent Director |
| Mr. Rupinder Goel | Independent Director |
| Mr. Murali Kalyanaraman | Independent Director |
FAQ
What is the intrinsic value of Subex Ltd?
Subex Ltd's intrinsic value (as of 03 January 2026) is ₹7.93 which is 32.22% lower the current market price of ₹11.70, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹661 Cr. market cap, FY2025-2026 high/low of ₹23.7/10.6, reserves of ₹42 Cr, and liabilities of ₹517 Cr.
What is the Market Cap of Subex Ltd?
The Market Cap of Subex Ltd is 661 Cr..
What is the current Stock Price of Subex Ltd as on 03 January 2026?
The current stock price of Subex Ltd as on 03 January 2026 is ₹11.7.
What is the High / Low of Subex Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Subex Ltd stocks is ₹23.7/10.6.
What is the Stock P/E of Subex Ltd?
The Stock P/E of Subex Ltd is .
What is the Book Value of Subex Ltd?
The Book Value of Subex Ltd is 5.73.
What is the Dividend Yield of Subex Ltd?
The Dividend Yield of Subex Ltd is 0.00 %.
What is the ROCE of Subex Ltd?
The ROCE of Subex Ltd is 6.44 %.
What is the ROE of Subex Ltd?
The ROE of Subex Ltd is 11.3 %.
What is the Face Value of Subex Ltd?
The Face Value of Subex Ltd is 5.00.