Subex Ltd
Founded in 1992, it is a software product company which works in the space of Digital Trust i.e. it is focussed on privacy, security, risk mitigation, predictability and confidence in data mainly in the telecommunication space focusing on products to communications Service Providers(CSPs) globally. [1]
- Market Cap ₹ 1,652 Cr.
- Current Price ₹ 29.3
- High / Low ₹ 45.8 / 26.8
- Stock P/E
- Book Value ₹ 5.92
- Dividend Yield 0.00 %
- ROCE -5.35 %
- ROE -13.5 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Company's working capital requirements have reduced from 88.3 days to 67.4 days
Cons
- Stock is trading at 4.95 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -2.31% over past five years.
- Company has a low return on equity of -5.82% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
307 | 340 | 360 | 322 | 357 | 324 | 348 | 365 | 372 | 333 | 279 | 310 | |
311 | 272 | 275 | 231 | 268 | 290 | 297 | 279 | 273 | 303 | 325 | 325 | |
Operating Profit | -3 | 68 | 85 | 91 | 89 | 34 | 51 | 86 | 99 | 30 | -46 | -16 |
OPM % | -1% | 20% | 24% | 28% | 25% | 11% | 15% | 24% | 27% | 9% | -17% | -5% |
3 | -0 | -4 | -87 | -97 | 13 | 3 | -303 | 8 | 10 | 8 | -141 | |
Interest | 51 | 67 | 61 | 62 | 20 | 8 | 2 | 6 | 4 | 3 | 3 | 3 |
Depreciation | 4 | 2 | 4 | 4 | 5 | 5 | 5 | 15 | 14 | 10 | 14 | 16 |
Profit before tax | -56 | -2 | 16 | -62 | -34 | 34 | 47 | -238 | 89 | 28 | -56 | -175 |
Tax % | -7% | -416% | 36% | -21% | -29% | 40% | 46% | -13% | 42% | 24% | 8% | -10% |
-60 | -12 | 10 | -74 | -43 | 21 | 25 | -269 | 52 | 21 | -51 | -192 | |
EPS in Rs | -3.60 | -0.70 | 0.56 | -1.48 | -0.85 | 0.37 | 0.45 | -4.79 | 0.92 | 0.37 | -0.91 | -3.40 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 82% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -1% |
5 Years: | -2% |
3 Years: | -6% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -11% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 33% |
3 Years: | -20% |
1 Year: | 8% |
Return on Equity | |
---|---|
10 Years: | 2% |
5 Years: | 1% |
3 Years: | -6% |
Last Year: | -14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 167 | 167 | 183 | 503 | 507 | 562 | 562 | 562 | 281 | 281 | 281 | 281 |
Reserves | 58 | 7 | 26 | 231 | 177 | 217 | 232 | -47 | 268 | 283 | 241 | 53 |
732 | 763 | 725 | 228 | 186 | 32 | 0 | 49 | 26 | 15 | 33 | 28 | |
131 | 156 | 188 | 80 | 86 | 81 | 96 | 114 | 151 | 140 | 140 | 168 | |
Total Liabilities | 1,088 | 1,093 | 1,121 | 1,042 | 957 | 892 | 890 | 678 | 725 | 719 | 695 | 530 |
861 | 862 | 865 | 775 | 668 | 666 | 664 | 393 | 375 | 368 | 385 | 228 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 14 | 9 |
227 | 230 | 257 | 267 | 289 | 226 | 226 | 286 | 350 | 339 | 296 | 293 | |
Total Assets | 1,088 | 1,093 | 1,121 | 1,042 | 957 | 892 | 890 | 678 | 725 | 719 | 695 | 530 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-17 | 61 | 64 | 66 | 54 | 54 | 55 | 66 | 91 | -8 | 9 | -8 | |
-23 | -2 | -11 | 7 | -11 | -7 | -11 | -2 | -6 | -34 | -36 | 33 | |
84 | -60 | -47 | -36 | -55 | -91 | -34 | -13 | -32 | -15 | -7 | -9 | |
Net Cash Flow | 44 | -2 | 6 | 37 | -12 | -44 | 9 | 51 | 53 | -58 | -33 | 16 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 87 | 108 | 110 | 126 | 121 | 105 | 90 | 92 | 98 | 106 | 118 | 120 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 87 | 108 | 110 | 126 | 121 | 105 | 90 | 92 | 98 | 106 | 118 | 120 |
Working Capital Days | 17 | 53 | 58 | -10 | -8 | 87 | 60 | 76 | 79 | 115 | 82 | 67 |
ROCE % | 0% | 7% | 9% | 7% | 10% | 4% | 6% | 13% | 16% | 5% | -9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
11h - Transcript of earnings call of the company held for the quarter and year ended March 31, 2024.
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Announcement under Regulation 30 (LODR)-Resignation of Director
15 May - In continuation to our earlier communication letter dated May 10, 2024, disclosing the cessation of Mr. George Zacharias as an Independent Director of the Company …
- Audio Recording For The Earnings Call For The Quarter And Year Ended March 31, 2024 13 May
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 May - Read with Schedule III of SEBI(LODR) Regulations, 2015, please find attached copies of Newspaper Publication of Audited Financial Results of the Company for the quarter …
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Announcement under Regulation 30 (LODR)-Investor Presentation
11 May - Investor Presentation for Q4 of FY 2024 for the Earnings Call scheduled to be held on Monday, May 13, 2024 at 02:00 P.M (IST).
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
from nse
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
from nse
Concalls
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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May 2020TranscriptNotesPPT
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May 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
Business Overview
Subex is a telecom AI company enabling connected experiences for ~75% of the world’s top 50 telcos. It was founded in 1992, when the video-telephone was launched. It has been part of the evolution of mobile technology. Today, it is a consultant to global telecom carriers for operational excellence and business transformation by driving new revenue models, enhancing the customer experience and optimizing the enterprise. [1]