Subex Ltd

Subex Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Subex Ltd

₹ 31.9 -1.97%
05 Dec 11:33 a.m.
subex.com BSE: 532348 NSE : SUBEXLTD
About

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]

Key Points

Products based on Digital trust
Digital Trust is a concept that enables users to carry out business transactions in a safe, secure, ethical, and reliable manner. [1]

Some of the products the co. is offering are Revenue Assurance, Network Analytics, Fraud Management, Identity Analytics, Partner Ecosystem Management, IoT Security, Analytics Center of Trust, and Anomaly Detection. [2]

Website BSE NSE
  • Market Cap ₹ 1,796 Cr.
  • Current Price ₹ 31.9
  • High / Low ₹ 39.2 / 25.0
  • Stock P/E
  • Book Value ₹ 8.76
  • Dividend Yield 0.00 %
  • ROCE -9.35 %
  • ROE -9.56 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 3.67 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.99% over past five years.
  • Company has a low return on equity of 1.16% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
93 94 96 81 86 88 79 83 74 74 47 67 77
68 74 73 64 76 80 78 83 74 69 84 82 81
Operating Profit 25 20 23 16 10 8 1 1 0 5 -37 -15 -5
OPM % 27% 22% 24% 20% 11% 9% 1% 1% 0% 7% -78% -22% -6%
4 1 2 7 1 1 2 3 1 1 4 1 1
Interest 1 0 0 0 0 1 0 0 1 1 1 1 1
Depreciation 4 4 2 2 2 3 2 3 4 4 4 4 4
Profit before tax 25 17 22 20 8 5 0 0 -3 1 -38 -18 -8
Tax % 50% 48% 30% 33% 40% 61% -190% -1,079% -49% 452% -26% -7% -36%
12 9 16 13 5 2 1 6 -5 -5 -47 -19 -11
EPS in Rs 0.22 0.15 0.28 0.24 0.09 0.04 0.01 0.10 -0.09 -0.08 -0.84 -0.34 -0.20
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
478 307 340 360 322 357 324 348 365 372 333 279 265
403 311 272 275 231 268 290 297 279 273 303 325 316
Operating Profit 75 -3 68 85 91 89 34 51 86 99 30 -46 -51
OPM % 16% -1% 20% 24% 28% 25% 11% 15% 24% 27% 9% -17% -19%
11 3 -0 -4 -87 -97 13 3 -303 8 10 8 7
Interest 43 51 67 61 62 20 8 2 6 4 3 3 3
Depreciation 8 4 2 4 4 5 5 5 15 14 10 14 16
Profit before tax 35 -56 -2 16 -62 -34 34 47 -238 89 28 -56 -62
Tax % 10% -7% -416% 36% -21% -29% 40% 46% -13% 42% 24% 8%
32 -60 -12 10 -74 -43 21 25 -269 52 21 -51 -82
EPS in Rs 4.59 -3.60 -0.70 0.56 -1.48 -0.85 0.37 0.45 -4.79 0.92 0.37 -0.91 -1.46
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 82% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: -3%
3 Years: -9%
TTM: -18%
Compounded Profit Growth
10 Years: 0%
5 Years: %
3 Years: %
TTM: -2568%
Stock Price CAGR
10 Years: 17%
5 Years: 40%
3 Years: 2%
1 Year: -6%
Return on Equity
10 Years: 3%
5 Years: 4%
3 Years: 1%
Last Year: -10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 69 167 167 183 503 507 562 562 562 281 281 281 281
Reserves 72 58 7 26 231 177 217 232 -47 268 283 241 213
602 732 763 725 228 186 32 0 49 26 15 33 32
353 131 156 188 80 86 81 96 114 151 140 140 161
Total Liabilities 1,096 1,088 1,093 1,121 1,042 957 892 890 678 725 719 695 687
873 861 862 865 775 668 666 664 393 375 368 385 382
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 12 14 11
223 227 230 257 267 289 226 226 286 350 339 296 294
Total Assets 1,096 1,088 1,093 1,121 1,042 957 892 890 678 725 719 695 687

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
53 -17 61 64 66 54 54 55 66 91 -8 9
-2 -23 -2 -11 7 -11 -7 -11 -2 -6 -34 -36
-53 84 -60 -47 -36 -55 -91 -34 -13 -32 -15 -7
Net Cash Flow -2 44 -2 6 37 -12 -44 9 51 53 -58 -33

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 56 87 108 110 126 121 105 90 92 98 106 118
Inventory Days
Days Payable
Cash Conversion Cycle 56 87 108 110 126 121 105 90 92 98 106 118
Working Capital Days -481 17 53 58 -10 -8 87 60 76 79 115 82
ROCE % 10% 0% 7% 9% 7% 10% 4% 6% 13% 16% 5% -9%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
0.03% 0.01% 0.17% 0.26% 0.60% 0.80% 0.92% 0.96% 0.81% 0.99% 0.84% 0.91%
0.03% 0.03% 0.04% 0.03% 0.01% 0.01% 0.02% 0.01% 0.01% 0.01% 0.01% 0.09%
96.22% 96.43% 96.78% 96.94% 96.74% 96.83% 96.91% 96.88% 97.15% 97.03% 97.36% 97.43%
3.72% 3.54% 3.01% 2.77% 2.64% 2.36% 2.16% 2.14% 2.03% 1.98% 1.79% 1.56%
No. of Shareholders 1,40,5021,57,0612,74,4653,37,5903,37,3733,58,6343,63,0973,95,3633,80,8153,57,8623,44,4033,39,806

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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