Subex Ltd
Incorporated in 1992, Subex Ltd is a global provider of Operations and Business Support Systems to communication service providers worldwide, in the Telecom industry[1]
- Market Cap ₹ 851 Cr.
- Current Price ₹ 15.0
- High / Low ₹ 36.9 / 10.6
- Stock P/E
- Book Value ₹ 2.92
- Dividend Yield 0.00 %
- ROCE -22.8 %
- ROE -28.3 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Debtor days have improved from 107 to 75.1 days.
Cons
- Stock is trading at 5.15 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -20.3% 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
Information Technology Information Technology IT - Software Software Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
294 | 306 | 296 | 324 | 180 | 19 | 11 | 55 | 68 | 274 | 269 | 269 | |
250 | 280 | 301 | 278 | 170 | 38 | 17 | 24 | 71 | 339 | 305 | 306 | |
Operating Profit | 44 | 25 | -5 | 47 | 9 | -18 | -6 | 31 | -3 | -65 | -36 | -38 |
OPM % | 15% | 8% | -2% | 14% | 5% | -96% | -59% | 56% | -4% | -24% | -13% | -14% |
-12 | 2 | -146 | -33 | 5 | 0 | -192 | -2 | 0 | 2 | -146 | 6 | |
Interest | 58 | 52 | 51 | 15 | 5 | 0 | 0 | 0 | 0 | 2 | 2 | 2 |
Depreciation | 2 | 3 | 3 | 3 | 7 | 6 | 6 | 2 | 2 | 12 | 14 | 13 |
Profit before tax | -28 | -27 | -205 | -4 | 2 | -25 | -205 | 27 | -4 | -77 | -198 | -46 |
Tax % | 5% | 6% | 3% | 59% | 83% | -0% | 1% | 1% | 0% | -11% | 8% | 9% |
-30 | -28 | -210 | -7 | 0 | -25 | -206 | 26 | -4 | -69 | -213 | -50 | |
EPS in Rs | -1.77 | -1.55 | -4.18 | -0.13 | 0.01 | -0.44 | -3.66 | 0.47 | -0.08 | -1.22 | -3.78 | -0.88 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 161% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -1% |
5 Years: | 90% |
3 Years: | 58% |
TTM: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | -20% |
5 Years: | % |
3 Years: | % |
TTM: | 27% |
Stock Price CAGR | |
---|---|
10 Years: | 4% |
5 Years: | 15% |
3 Years: | -18% |
1 Year: | -45% |
Return on Equity | |
---|---|
10 Years: | -4% |
5 Years: | -9% |
3 Years: | -20% |
Last Year: | -28% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 107 | 106 | 134 | 130 | 180 | 149 | -62 | 221 | 208 | 143 | -67 | -116 |
691 | 650 | 153 | 109 | 0 | 0 | 3 | 0 | 0 | 30 | 25 | 19 | |
593 | 569 | 485 | 179 | 9 | 33 | 48 | 77 | 54 | 152 | 107 | 116 | |
Total Liabilities | 1,557 | 1,508 | 1,276 | 925 | 751 | 745 | 551 | 579 | 544 | 606 | 347 | 300 |
3 | 6 | 4 | 5 | 56 | 50 | 12 | 9 | 7 | 41 | 31 | 21 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 772 | 772 | 718 | 657 | 644 | 644 | 476 | 476 | 428 | 346 | 176 | 155 |
782 | 730 | 554 | 263 | 51 | 51 | 64 | 95 | 109 | 220 | 139 | 123 | |
Total Assets | 1,557 | 1,508 | 1,276 | 925 | 751 | 745 | 551 | 579 | 544 | 606 | 347 | 300 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
37 | 49 | 35 | 59 | 62 | -1 | -13 | 1 | -19 | 45 | -4 | 8 | |
3 | -5 | -2 | -5 | -75 | -0 | 16 | 25 | 33 | -24 | -2 | -4 | |
-40 | -44 | -33 | -54 | 13 | -0 | -1 | -27 | -10 | -5 | -7 | -10 | |
Net Cash Flow | -0 | 1 | 1 | -0 | 1 | -1 | 3 | 0 | 4 | 16 | -14 | -6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 708 | 624 | 613 | 213 | 28 | 160 | 310 | 145 | 311 | 145 | 102 | 75 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 708 | 624 | 613 | 213 | 28 | 160 | 310 | 145 | 311 | 145 | 102 | 75 |
Working Capital Days | 65 | 80 | 27 | 29 | 11 | -466 | -682 | -94 | 87 | -36 | -24 | -46 |
ROCE % | 5% | 3% | -1% | 7% | 0% | -3% | 2% | 6% | -1% | -16% | -14% | -23% |
Documents
Announcements
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Receipt Of Income Tax Refund
28 May - Received Rs. 34.27 Cr income tax refund credited to bank account on May 28, 2025.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
22 May - Secretarial Compliance Report for FY 2025; minor board and compliance officer deviations, fines paid.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Imposition Of Fine By Stock Exchanges
21 May - Company fined Rs. 2,000 each by NSE and BSE for 2-day delay in appointing Compliance Officer.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
8 May - Q4 FY25 earnings: core telecom steady, INR16.89 Cr impairment on Sectrio receivables, positive normalized PAT.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 5 May
Annual reports
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Financial Year 2024
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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
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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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Concalls
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May 2025Transcript PPT
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Feb 2025Transcript 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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Nov 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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May 2021TranscriptNotesPPT
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Nov 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:[1][2]
a) Subex helps Communications Service Providers (CSPs) create seamless digital experiences.
b) The company serves 75% of world's top 50 telecom operators, offering solutions that enhance business operations and customer satisfaction.
c) It provides strategic consulting to global telecom carriers, assisting with advanced analytics solutions for Revenue Assurance, Fraud Management, Enterprise Asset Management, Partner Management, and Revenue Management Services (RMS) to help businesses improve efficiency and security.
d) They offer Managed Services and Business Consulting, supporting telecom providers in navigating industry challenges.
e) Through HyperSense, its AI-driven offering, Subex enables CSPs to make better decisions by leveraging artificial intelligence and analytics across the data value chain.
f) Subexy has 300+ installations and 150+ Global customers, across 100+
countries.