Share Price and Basic Stock Data
Last Updated: February 12, 2026, 9:28 pm
| PEG Ratio | -24.69 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Subex Ltd operates in the IT Consulting & Software industry, with a current share price of ₹10.9 and a market capitalization of ₹616 Cr. The company has faced fluctuating revenue trends, with sales reported at ₹74.50 Cr in September 2022, declining to ₹47.27 Cr by March 2023. However, a rebound occurred in subsequent quarters, with sales rising to ₹76.81 Cr in September 2023 and further increasing to ₹81.82 Cr in December 2023. Despite these fluctuations, total sales for the fiscal year ending March 2025 are recorded at ₹286 Cr, a decrease from ₹310 Cr in March 2024 and a significant drop from ₹333 Cr in March 2022. This inconsistent performance reflects the company’s challenges in maintaining stable revenue streams amid competitive pressures in the IT sector.
Profitability and Efficiency Metrics
Subex’s profitability has been under pressure, with a reported net profit of -₹5 Cr, indicating ongoing challenges in achieving positive earnings. The operating profit margin (OPM) stood at 9.11%, but this figure masks significant volatility, as evidenced by operating losses of -₹36.76 Cr in March 2023 and -₹14.74 Cr in June 2023. Efficiency metrics such as return on equity (ROE) at 11.3% and return on capital employed (ROCE) at 6.44% reflect a company struggling to optimize its capital. The interest coverage ratio (ICR) recorded at -3.47x raises concerns about the company’s ability to meet its debt obligations, further complicating its profitability outlook. Overall, while there are some positive indicators, the prevailing negative earnings and fluctuating profitability margins signal a need for strategic adjustments.
Balance Sheet Strength and Financial Ratios
Subex’s balance sheet reveals a total debt of ₹30 Cr against reserves of ₹42 Cr, indicating a relatively low leverage position. However, the financial ratios tell a more complex story. The price-to-book value (P/BV) ratio is recorded at 2.25x, which is relatively high compared to typical sector norms, suggesting that investors may be pricing in recovery potentials that have yet to materialize. The current ratio stands at 2.12, indicating good short-term liquidity. However, the cash conversion cycle (CCC) of 99 days may imply inefficiencies in managing working capital, which can strain liquidity. With net profit margins consistently negative, the financial health of Subex raises concerns about its ability to sustain operations without significant improvement in profitability.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Subex Ltd indicates a strong retail investor presence, with public holding accounting for 97.94%. Foreign institutional investors (FIIs) own 0.77%, while domestic institutional investors (DIIs) hold a mere 0.01%. This distribution reflects limited institutional confidence, likely due to the company’s recent financial struggles. The number of shareholders has decreased from 3,80,815 in December 2022 to 3,52,541 by September 2025, suggesting a potential erosion of investor interest. Despite these challenges, the public’s dominant shareholding indicates a base of retail investors who may remain hopeful for a turnaround. The low institutional ownership could be a double-edged sword, as it may limit the stock’s price support during downturns while also providing room for potential institutional interest if performance improves.
Outlook, Risks, and Final Insight
Subex Ltd faces a challenging landscape with several risks and opportunities. The ongoing negative profitability trend poses significant risks, particularly if the company fails to stabilize its revenue and improve operational efficiency. Additionally, high P/BV ratios may deter new investments if performance does not improve, while the low institutional ownership raises concerns about liquidity and price volatility. However, there are strengths to leverage, including a relatively low debt level and a strong retail investor base, which could provide a foundation for recovery. The company must focus on enhancing its operational performance and managing costs effectively. Successful execution of strategic initiatives could lead to a more favorable outlook, potentially attracting institutional interest and stabilizing investor confidence in the long run.
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 | 46.6 Cr. | 14.8 | 21.0/4.43 | 0.20 | 0.00 % | 27.0 % | 90.7 % | 2.00 | |
| Naapbooks Ltd | 118 Cr. | 109 | 194/99.8 | 18.0 | 36.4 | 0.00 % | 23.6 % | 17.1 % | 10.0 |
| IB Infotech Enterprises Ltd | 48.2 Cr. | 377 | 446/140 | 30.2 | 26.7 | 0.27 % | 38.5 % | 35.4 % | 10.0 |
| Hit Kit Global Solutions Ltd | 12.1 Cr. | 2.24 | 2.34/0.91 | 2.47 | 0.00 % | 2.14 % | 2.15 % | 2.00 | |
| Industry Average | 18,285.16 Cr | 492.61 | 71.54 | 122.56 | 0.66% | 14.90% | 21.00% | 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: 14.9%)
- 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: 21%)
- 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: 180 (Industry average Stock P/E: 71.54)
- 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 12 February 2026) is ₹88.17 which is 739.71% higher the current market price of ₹10.50, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹591 Cr. market cap, FY2025-2026 high/low of ₹17.3/8.84, reserves of ₹42 Cr, and liabilities of ₹517 Cr.
What is the Market Cap of Subex Ltd?
The Market Cap of Subex Ltd is 591 Cr..
What is the current Stock Price of Subex Ltd as on 12 February 2026?
The current stock price of Subex Ltd as on 12 February 2026 is ₹10.5.
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 ₹17.3/8.84.
What is the Stock P/E of Subex Ltd?
The Stock P/E of Subex Ltd is 180.
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.