Nifty
:
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:
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116.90 (0.46%)
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Nifty
Sensex
:
:
25571.25
82814.71
116.90 (0.46%)
316.57 (0.38%)

Subex Ltd.

IT - Software

Rating :
35/99

BSE: 532348 | NSE: SUBEXLTD

NSE BSE
9.87
20-Feb-2026
  • Open
  • High
  • Low
  • Previous Close
  •  9.95
  •  10.02
  •  9.74
  •  9.95
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  1104911
  •  10905901.05
  •  17.19
  •  8.84

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 553.57
  • 553.57
  • 5
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 428.91
  • N/A
  • 1.70

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 0.00%
  • 3.22%
  • 87.11%
  • FII
  • DII
  • Others
  • 0.93%
  • 0.01%
  • 8.73%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • -1.21
  • -5.15
  • 0.82

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • -
  • 18.89
  • -14.57

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • -8.24
  • -
  • -15.01

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • -
  • -
  • -

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 2.65
  • 3.73
  • 3.39

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 156.38
  • 243.18
  • 375.32

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Jun 25
Jun 24
Var%
Mar 25
Mar 24
Var%
Net Sales
70.79
72.69
-2.61%
68.91
74.16
-7.08%
66.40
68.16
-2.58%
70.60
83.80
-15.75%
Expenses
61.75
70.19
-12.02%
62.63
72.27
-13.34%
62.47
74.20
-15.81%
83.60
80.72
3.57%
EBITDA
9.04
2.50
261.60%
6.28
1.89
232.28%
3.93
-6.04
-
-13.00
3.08
-
EBIDTM
12.77%
3.44%
9.11%
2.55%
5.92%
-8.86%
-18.41%
3.68%
Other Income
4.25
1.07
297.20%
1.52
1.20
26.67%
15.81
1.92
723.44%
2.76
2.69
2.60%
Interest
0.66
0.54
22.22%
0.82
0.59
38.98%
0.99
0.59
67.80%
0.50
0.64
-21.88%
Depreciation
2.37
3.35
-29.25%
2.76
3.73
-26.01%
4.04
3.66
10.38%
3.38
3.78
-10.58%
PBT
5.76
-0.32
-
4.22
2.99
41.14%
14.71
-8.37
-
-14.12
-146.60
-
Tax
2.83
2.93
-3.41%
1.36
2.37
-42.62%
1.90
2.84
-33.10%
3.48
9.91
-64.88%
PAT
2.93
-3.25
-
2.86
0.62
361.29%
12.81
-11.21
-
-17.60
-156.51
-
PATM
4.14%
-4.47%
4.15%
0.84%
19.29%
-16.45%
-24.93%
-186.77%
EPS
0.05
-0.06
-
0.05
0.01
400.00%
0.23
-0.20
-
-0.31
-2.78
-

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Net Sales
276.70
285.61
309.72
278.69
333.44
372.03
364.98
348.12
324.32
357.33
322.46
Net Sales Growth
-7.40%
-7.78%
11.13%
-16.42%
-10.37%
1.93%
4.84%
7.34%
-9.24%
10.81%
 
Cost Of Goods Sold
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.42
Gross Profit
276.70
285.61
309.72
278.69
333.44
372.03
364.98
348.12
324.32
357.33
322.04
GP Margin
100.00%
100%
100%
100%
100%
100%
100%
100%
100%
100%
99.87%
Total Expenditure
270.45
300.26
325.38
310.89
298.86
274.48
278.80
296.77
290.37
275.22
259.75
Power & Fuel Cost
-
1.64
1.81
1.55
1.12
1.42
2.14
2.12
2.10
2.01
2.09
% Of Sales
-
0.57%
0.58%
0.56%
0.34%
0.38%
0.59%
0.61%
0.65%
0.56%
0.65%
Employee Cost
-
185.18
209.00
200.69
214.49
197.20
174.54
191.05
174.71
158.71
160.34
% Of Sales
-
64.84%
67.48%
72.01%
64.33%
53.01%
47.82%
54.88%
53.87%
44.42%
49.72%
Manufacturing Exp.
-
16.05
14.57
13.86
9.38
7.49
8.78
8.35
7.74
6.59
6.69
% Of Sales
-
5.62%
4.70%
4.97%
2.81%
2.01%
2.41%
2.40%
2.39%
1.84%
2.07%
General & Admin Exp.
-
37.18
43.07
40.42
33.01
22.58
47.19
61.23
62.29
65.00
60.55
% Of Sales
-
13.02%
13.91%
14.50%
9.90%
6.07%
12.93%
17.59%
19.21%
18.19%
18.78%
Selling & Distn. Exp.
-
5.89
5.51
4.79
6.77
4.98
10.32
6.95
5.71
5.23
5.18
% Of Sales
-
2.06%
1.78%
1.72%
2.03%
1.34%
2.83%
2.00%
1.76%
1.46%
1.61%
Miscellaneous Exp.
-
26.39
14.42
24.36
5.62
9.95
3.02
4.89
16.56
12.22
5.18
% Of Sales
-
9.24%
4.66%
8.74%
1.69%
2.67%
0.83%
1.40%
5.11%
3.42%
1.65%
EBITDA
6.25
-14.65
-15.66
-32.20
34.58
97.55
86.18
51.35
33.95
82.11
62.71
EBITDA Margin
2.26%
-5.13%
-5.06%
-11.55%
10.37%
26.22%
23.61%
14.75%
10.47%
22.98%
19.45%
Other Income
24.34
6.95
6.73
9.71
11.70
6.27
14.50
2.72
1.72
18.52
6.22
Interest
2.97
2.22
2.63
2.58
2.71
3.54
5.64
2.16
7.75
20.40
61.52
Depreciation
12.55
14.12
15.59
13.99
9.88
13.78
15.08
4.83
5.17
4.95
4.27
PBT
10.57
-24.04
-27.15
-39.06
33.69
86.50
79.96
47.08
22.75
75.28
3.14
Tax
9.57
11.62
16.63
12.15
12.70
37.65
31.45
21.86
13.73
9.61
12.73
Tax Rate
90.54%
-58.63%
-9.50%
-31.11%
37.70%
42.13%
-13.23%
46.43%
39.90%
-28.58%
-20.68%
PAT
1.00
-31.44
-191.73
-51.21
20.99
51.72
-269.15
25.22
20.68
-43.23
-74.29
PAT before Minority Interest
1.00
-31.44
-191.73
-51.21
20.99
51.72
-269.15
25.22
20.68
-43.23
-74.29
Minority Interest
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
PAT Margin
0.36%
-11.01%
-61.90%
-18.38%
6.29%
13.90%
-73.74%
7.24%
6.38%
-12.10%
-23.04%
PAT Growth
100.59%
-
-
-
-59.42%
-
-
21.95%
-
-
 
EPS
0.02
-0.56
-3.41
-0.91
0.37
0.92
-4.79
0.45
0.37
-0.77
-1.32

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Shareholder's Funds
304.48
333.51
521.84
563.67
548.55
515.39
794.10
779.45
684.09
733.83
Share Capital
281.00
281.00
281.00
281.00
281.00
562.00
562.00
562.00
506.91
502.81
Total Reserves
20.33
49.08
236.40
280.00
265.23
-47.75
231.92
217.43
177.11
230.85
Non-Current Liabilities
104.09
111.69
109.74
100.05
100.08
87.96
22.96
12.42
5.25
51.61
Secured Loans
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
28.60
Unsecured Loans
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
11.96
Long Term Provisions
23.15
24.38
24.38
24.13
22.69
18.26
9.92
9.68
10.03
9.18
Current Liabilities
102.37
105.86
85.77
75.97
97.59
89.72
82.52
109.67
273.92
268.21
Trade Payables
21.09
24.12
12.62
16.72
13.11
16.46
8.34
13.31
18.05
16.77
Other Current Liabilities
67.59
70.27
59.14
44.67
64.00
59.63
54.13
47.41
150.07
124.02
Short Term Borrowings
0.00
0.00
0.00
0.00
5.84
0.00
0.00
32.15
85.90
103.96
Short Term Provisions
13.69
11.47
14.01
14.58
14.64
13.63
20.05
16.80
19.90
23.47
Total Liabilities
510.94
551.06
717.35
739.69
746.22
693.07
899.58
901.54
963.26
1,053.65
Net Block
217.01
227.85
385.45
367.68
375.48
392.70
664.29
666.01
668.05
775.02
Gross Block
263.70
434.11
429.33
401.15
401.95
426.24
683.06
680.19
677.15
779.27
Accumulated Depreciation
46.69
58.31
43.88
33.47
26.47
33.54
18.77
14.18
9.10
4.25
Non Current Assets
295.20
299.65
455.86
443.13
433.23
450.35
717.90
713.84
709.43
812.44
Capital Work in Progress
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Non Current Investment
6.91
1.65
1.65
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Long Term Loans & Adv.
69.16
69.20
67.06
73.73
57.73
55.76
47.30
44.38
35.83
31.54
Other Non Current Assets
2.12
0.95
1.70
1.72
0.02
1.89
6.31
3.45
5.55
5.89
Current Assets
215.74
251.41
261.49
296.56
312.99
242.72
181.68
187.70
253.83
241.21
Current Investments
15.46
7.31
12.22
11.65
0.00
0.00
0.00
0.00
0.00
0.00
Inventories
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Sundry Debtors
77.62
101.55
90.37
96.81
99.56
92.06
85.39
92.90
118.51
111.48
Cash & Bank
78.38
100.60
109.15
108.67
145.01
91.10
41.99
33.02
73.86
86.00
Other Current Assets
44.28
4.81
6.59
6.66
68.42
59.56
54.30
61.78
61.46
43.73
Short Term Loans & Adv.
37.56
37.14
43.16
72.77
63.69
55.44
4.10
4.14
53.95
37.21
Net Current Assets
113.37
145.55
175.72
220.59
215.40
153.00
99.16
78.03
-20.09
-27.00
Total Assets
510.94
551.06
717.35
739.69
746.22
693.07
899.58
901.54
963.26
1,053.65

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Cash From Operating Activity
9.75
-8.28
9.21
-8.10
90.95
66.24
54.58
53.65
53.92
66.38
PBT
-19.82
-175.10
-39.06
33.69
89.37
-237.70
47.08
34.41
-33.62
-61.56
Adjustment
30.46
170.61
30.43
8.06
17.24
324.15
8.34
2.48
132.81
132.56
Changes in Working Capital
7.67
10.14
22.33
-27.07
-1.62
-5.64
9.60
33.02
-32.89
6.90
Cash after chg. in Working capital
18.31
5.65
13.70
14.68
104.99
80.81
65.02
69.91
66.30
77.91
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-8.56
-13.93
-4.49
-22.78
-14.04
-14.57
-10.44
-16.26
-12.38
-11.52
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-14.97
34.62
-37.77
-35.34
-7.22
-4.30
-11.40
-3.49
-7.03
1.63
Net Fixed Assets
-2.20
-3.80
-45.27
-0.04
3.40
-3.13
0.00
-52.70
-3.52
68.05
Net Investments
20.90
169.39
82.06
48.00
0.00
168.08
0.37
12.95
60.70
54.63
Others
-33.67
-130.97
-74.56
-83.30
-10.62
-169.25
-11.77
36.26
-64.21
-121.05
Cash from Financing Activity
-12.05
-9.34
-6.51
-15.32
-32.07
-13.34
-34.06
-90.84
-54.88
-36.36
Net Cash Inflow / Outflow
-17.27
17.00
-35.07
-58.76
51.66
48.60
9.12
-40.68
-7.99
31.66
Opening Cash & Equivalents
69.23
52.38
85.39
142.94
90.43
39.47
30.07
73.86
86.00
49.18
Closing Cash & Equivalent
52.36
69.23
52.38
85.39
142.94
90.43
39.47
30.07
73.86
86.00

Financial Ratios

Consolidated /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Book Value (Rs.)
5.36
5.87
9.21
9.98
9.72
9.15
14.13
13.87
13.49
14.59
ROA
-5.92%
-30.23%
-7.03%
2.83%
7.26%
-34.11%
2.80%
2.22%
-4.29%
-6.79%
ROE
-9.96%
-45.25%
-9.50%
3.79%
9.75%
-41.15%
3.21%
2.83%
-6.10%
-15.77%
ROCE
-5.52%
-40.33%
-6.72%
6.51%
17.37%
-35.44%
6.13%
5.01%
-1.44%
0.00%
Fixed Asset Turnover
0.82
0.72
0.67
0.83
0.90
0.66
0.51
0.48
0.49
0.38
Receivable days
114.49
113.09
122.57
107.48
94.00
88.73
93.47
118.96
117.46
124.56
Inventory Days
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Payable days
0.00
0.00
0.00
0.00
0.00
21.31
18.39
29.01
35.47
51.44
Cash Conversion Cycle
114.49
113.09
122.57
107.48
94.00
67.42
75.08
89.96
82.00
73.12
Total Debt/Equity
0.00
0.00
0.00
0.00
0.01
0.00
0.00
0.04
0.27
0.31
Interest Cover
-7.93
-65.58
-14.14
13.43
26.25
-41.15
22.80
5.44
-0.65
0.00

Annual Reports:

FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016

News Update:


  • Subex secures multi-year agreement with Tier-1 telecom operator
    11th Feb 2026, 12:00 PM

    This win marks a significant renewed partnership with a long-standing customer

    Read More
  • Subex - Quarterly Results
    11th Feb 2026, 00:00 AM

    Read More
  • Subex wins deal from North American AI and Data transformation specialist
    6th Feb 2026, 16:30 PM

    Built on Subex’s FraudZap, the solution applies AI to help telecom operators tackle handset fraud, one of the most significant fraud challenges in the industry

    Read More
  • Subex wins 5-year deal in Europe
    10th Dec 2025, 14:30 PM

    This win strengthens Subex’s expanding footprint in Europe and accelerates its growth.

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.