Share Price and Basic Stock Data
Last Updated: November 14, 2025, 10:23 pm
| PEG Ratio | 0.00 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Subex Ltd, operating in the IT Consulting and Software industry, recorded a market capitalization of ₹733 Cr with a share price of ₹13.0. The company’s revenue trends show fluctuations over recent quarters, with sales standing at ₹83 Cr in June 2022, declining to ₹47 Cr by March 2023. However, there was a recovery as sales rose to ₹67 Cr in June 2023 and further to ₹84 Cr by March 2024. For the trailing twelve months (TTM), total sales reached ₹284 Cr, indicating a slight decline from ₹310 Cr in March 2024. This performance illustrates a volatile revenue stream that reflects broader industry challenges and operational hurdles. The firm’s operating profit margin (OPM) has also been inconsistent, recorded at 1% in June 2022, plummeting to -78% in March 2023, before showing signs of recovery with a marginal positive OPM of 1% in December 2023. These revenue dynamics highlight the necessity for strategic adjustments to stabilize growth.
Profitability and Efficiency Metrics
Subex Ltd’s profitability metrics depict a challenging landscape, with net profit consistently in the negative territory, recorded at -₹7 Cr overall, and further losses observed in quarterly results. The latest quarterly net profit for June 2025 stood at ₹13 Cr, marking a significant improvement from earlier losses. The return on equity (ROE) is reported at 11.3%, while the return on capital employed (ROCE) stands at 6.44%, both reflecting underperformance compared to typical industry averages. The interest coverage ratio (ICR) is notably concerning at -3.47x, indicating that the company is not generating enough earnings to cover its interest expenses, which are consistent at ₹1 Cr across several quarters. The cash conversion cycle (CCC) of 99 days adds to the operational inefficiencies, suggesting that the company takes longer to convert its investments in inventory and accounts receivable into cash. Overall, these profitability and efficiency metrics signal a need for improved operational management.
Balance Sheet Strength and Financial Ratios
The balance sheet of Subex Ltd reveals a moderate level of financial stability, with total assets reported at ₹487 Cr and total liabilities at ₹528 Cr as of March 2025. The company has reserves of ₹23 Cr and borrowings totaling ₹19 Cr, indicating a manageable debt level relative to equity capital. The price-to-book value (P/BV) ratio stands at 2.25x, suggesting that the market values the company at a premium relative to its book value. The current ratio of 2.12x reflects a healthy liquidity position, as it indicates that the company can comfortably cover its short-term obligations. However, the negative net profit margin of -11% and a persistent decline in operating profit underscore ongoing profitability challenges. Furthermore, the return on capital employed (ROCE) remains negative at -6%, which raises concerns about the effectiveness of capital utilization. These financial ratios illustrate a balance sheet that requires strategic focus on profitability improvement.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Subex Ltd indicates a significant predominance of public shareholders, accounting for 97.94% of the ownership as of the latest reporting period. Foreign institutional investors (FIIs) hold a minor stake of 0.77%, while domestic institutional investors (DIIs) are negligible at 0.01%. The number of shareholders has decreased from 3,80,815 in December 2022 to 3,52,541 by September 2025, reflecting a potential decline in investor confidence. The lack of substantial institutional backing may hinder the company’s ability to attract larger investments and could impact its stock performance negatively. The low levels of institutional investment also suggest that market players may be cautious about the company’s future prospects, particularly given its ongoing profitability challenges and operational inefficiencies. This concentrated public shareholding may lead to volatility in stock performance, depending on market sentiment.
Outlook, Risks, and Final Insight
Looking ahead, Subex Ltd faces several risks that could affect its operational and financial performance. The primary risks include continued volatility in sales, operational inefficiencies reflected in negative profitability metrics, and a heavy reliance on public shareholders. However, the company also has strengths, such as a strong liquidity position evidenced by a current ratio above 2 and a recovering sales trend in recent quarters. The potential for improved profitability hinges on effective management strategies to enhance operational efficiency and revenue generation. If Subex can successfully implement cost control measures and optimize its service offerings, it may stabilize its financial performance. Conversely, failure to address these operational challenges could lead to further declines in investor confidence and stock performance. Ultimately, the company’s ability to adapt to market conditions and improve its profitability will be crucial in determining its future trajectory.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Subex Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Naapbooks Ltd | 155 Cr. | 144 | 194/99.8 | 34.7 | 33.2 | 0.00 % | 23.6 % | 17.1 % | 10.0 |
| IB Infotech Enterprises Ltd | 33.4 Cr. | 261 | 310/140 | 23.9 | 26.7 | 0.38 % | 38.5 % | 35.4 % | 10.0 |
| Hit Kit Global Solutions Ltd | 6.36 Cr. | 1.30 | 1.73/0.91 | 2.47 | 0.00 % | 2.14 % | 2.15 % | 2.00 | |
| Globalspace Technologies Ltd | 59.0 Cr. | 17.2 | 25.0/14.3 | 79.8 | 15.8 | 0.00 % | 2.13 % | 1.41 % | 10.0 |
| First Fintec Ltd | 7.09 Cr. | 6.82 | 11.7/5.25 | 118 | 10.2 | 0.00 % | 0.28 % | 0.85 % | 10.0 |
| Industry Average | 19,848.82 Cr | 579.09 | 124.29 | 124.55 | 0.55% | 14.92% | 20.41% | 6.95 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 83 | 74 | 74 | 47 | 67 | 77 | 82 | 84 | 68 | 74 | 73 | 71 | 66 |
| Expenses | 83 | 74 | 69 | 84 | 82 | 81 | 81 | 81 | 74 | 72 | 70 | 84 | 62 |
| Operating Profit | 1 | 0 | 5 | -37 | -15 | -5 | 1 | 3 | -6 | 2 | 2 | -13 | 4 |
| OPM % | 1% | 0% | 7% | -78% | -22% | -6% | 1% | 4% | -9% | 3% | 3% | -18% | 6% |
| Other Income | 3 | 1 | 1 | 4 | 1 | 1 | 1 | -145 | 2 | 5 | 1 | 3 | 16 |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 |
| Depreciation | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 4 |
| Profit before tax | 0 | -3 | 1 | -38 | -18 | -8 | -2 | -147 | -8 | 3 | -0 | -14 | 15 |
| Tax % | -1,079% | 49% | 452% | 26% | 7% | 36% | 105% | 7% | 34% | 79% | 916% | 25% | 13% |
| Net Profit | 6 | -5 | -5 | -47 | -19 | -11 | -5 | -157 | -11 | 1 | -3 | -18 | 13 |
| EPS in Rs | 0.10 | -0.09 | -0.08 | -0.84 | -0.34 | -0.20 | -0.09 | -2.78 | -0.20 | 0.01 | -0.06 | -0.31 | 0.23 |
Last Updated: August 20, 2025, 3:05 am
Below is a detailed analysis of the quarterly data for Subex Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 66.00 Cr.. The value appears to be declining and may need further review. It has decreased from 71.00 Cr. (Mar 2025) to 66.00 Cr., marking a decrease of 5.00 Cr..
- For Expenses, as of Jun 2025, the value is 62.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 84.00 Cr. (Mar 2025) to 62.00 Cr., marking a decrease of 22.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 4.00 Cr.. The value appears strong and on an upward trend. It has increased from -13.00 Cr. (Mar 2025) to 4.00 Cr., marking an increase of 17.00 Cr..
- For OPM %, as of Jun 2025, the value is 6.00%. The value appears strong and on an upward trend. It has increased from -18.00% (Mar 2025) to 6.00%, marking an increase of 24.00%.
- For Other Income, as of Jun 2025, the value is 16.00 Cr.. The value appears strong and on an upward trend. It has increased from 3.00 Cr. (Mar 2025) to 16.00 Cr., marking an increase of 13.00 Cr..
- For Interest, as of Jun 2025, the value is 1.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 0.00 Cr. (Mar 2025) to 1.00 Cr., marking an increase of 1.00 Cr..
- For Depreciation, as of Jun 2025, the value is 4.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3.00 Cr. (Mar 2025) to 4.00 Cr., marking an increase of 1.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 15.00 Cr.. The value appears strong and on an upward trend. It has increased from -14.00 Cr. (Mar 2025) to 15.00 Cr., marking an increase of 29.00 Cr..
- For Tax %, as of Jun 2025, the value is 13.00%. The value appears to be improving (decreasing) as expected. It has decreased from 25.00% (Mar 2025) to 13.00%, marking a decrease of 12.00%.
- For Net Profit, as of Jun 2025, the value is 13.00 Cr.. The value appears strong and on an upward trend. It has increased from -18.00 Cr. (Mar 2025) to 13.00 Cr., marking an increase of 31.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 0.23. The value appears strong and on an upward trend. It has increased from -0.31 (Mar 2025) to 0.23, marking an increase of 0.54.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: November 15, 2025, 4:23 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: May 13, 2025, 2:39 pm
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 167 | 183 | 503 | 507 | 562 | 562 | 562 | 281 | 281 | 281 | 281 | 281 |
| Reserves | 7 | 26 | 231 | 177 | 217 | 232 | -47 | 268 | 283 | 241 | 53 | 23 |
| Borrowings | 763 | 725 | 228 | 186 | 32 | 0 | 49 | 26 | 15 | 33 | 28 | 19 |
| Other Liabilities | 156 | 188 | 80 | 86 | 81 | 96 | 114 | 151 | 140 | 140 | 167 | 163 |
| Total Liabilities | 1,093 | 1,121 | 1,042 | 957 | 892 | 890 | 678 | 725 | 719 | 695 | 528 | 487 |
| Fixed Assets | 862 | 865 | 775 | 668 | 666 | 664 | 393 | 375 | 368 | 385 | 228 | 217 |
| CWIP | 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 |
| Other Assets | 230 | 257 | 267 | 289 | 226 | 226 | 286 | 350 | 339 | 296 | 292 | 248 |
| Total Assets | 1,093 | 1,121 | 1,042 | 957 | 892 | 890 | 678 | 725 | 719 | 695 | 528 | 487 |
Below is a detailed analysis of the balance sheet data for Subex Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 281.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 281.00 Cr..
- For Reserves, as of Mar 2025, the value is 23.00 Cr.. The value appears to be declining and may need further review. It has decreased from 53.00 Cr. (Mar 2024) to 23.00 Cr., marking a decrease of 30.00 Cr..
- For Borrowings, as of Mar 2025, the value is 19.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 28.00 Cr. (Mar 2024) to 19.00 Cr., marking a decrease of 9.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 163.00 Cr.. The value appears to be improving (decreasing). It has decreased from 167.00 Cr. (Mar 2024) to 163.00 Cr., marking a decrease of 4.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 487.00 Cr.. The value appears to be improving (decreasing). It has decreased from 528.00 Cr. (Mar 2024) to 487.00 Cr., marking a decrease of 41.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 217.00 Cr.. The value appears to be declining and may need further review. It has decreased from 228.00 Cr. (Mar 2024) to 217.00 Cr., marking a decrease of 11.00 Cr..
- For CWIP, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
- For Investments, as of Mar 2025, the value is 22.00 Cr.. The value appears strong and on an upward trend. It has increased from 9.00 Cr. (Mar 2024) to 22.00 Cr., marking an increase of 13.00 Cr..
- For Other Assets, as of Mar 2025, the value is 248.00 Cr.. The value appears to be declining and may need further review. It has decreased from 292.00 Cr. (Mar 2024) to 248.00 Cr., marking a decrease of 44.00 Cr..
- For Total Assets, as of Mar 2025, the value is 487.00 Cr.. The value appears to be declining and may need further review. It has decreased from 528.00 Cr. (Mar 2024) to 487.00 Cr., marking a decrease of 41.00 Cr..
Notably, the Reserves (23.00 Cr.) exceed the Borrowings (19.00 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 - No data available for this post.
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: 14.92%)
- 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: 20.41%)
- 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: 124.29)
- 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 | investorrelations@subex.com http://www.subex.com |
| 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 15 November 2025) is 7.93 which is 38.53% lower the current market price of 12.90, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 734 Cr. market cap, FY2025-2026 high/low of 27.0/10.6, reserves of ₹23 Cr, and liabilities of 487 Cr.
What is the Market Cap of Subex Ltd?
The Market Cap of Subex Ltd is 734 Cr..
What is the current Stock Price of Subex Ltd as on 15 November 2025?
The current stock price of Subex Ltd as on 15 November 2025 is 12.9.
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 27.0/10.6.
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.