Subex Ltd

₹ 31.6 -0.47%
03 Oct - close price
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 is Revenue Assurance, Network Analytics, Fraud Management, Identity Analytics, Partner Ecosystem Management, IOT Security, Analytics Center of Trust and Anomaly Detection.[2]

  • Market Cap 1,781 Cr.
  • Current Price 31.6
  • High / Low 61.3 / 18.6
  • Stock P/E 136
  • Book Value 10.1
  • Dividend Yield 0.00 %
  • ROCE 6.18 %
  • ROE 3.68 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 3.12 times its book value
  • The company has delivered a poor sales growth of -1.37% over past five years.
  • Company has a low return on equity of 7.85% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
78.95 85.67 96.09 104.27 88.70 93.29 93.88 96.16 80.60 86.30 87.74 78.80 83.26
61.46 64.97 78.18 66.01 59.10 67.89 73.53 73.01 64.40 76.40 79.71 77.79 82.55
Operating Profit 17.49 20.70 17.91 38.26 29.60 25.40 20.35 23.15 16.20 9.90 8.03 1.01 0.71
OPM % 22.15% 24.16% 18.64% 36.69% 33.37% 27.23% 21.68% 24.07% 20.10% 11.47% 9.15% 1.28% 0.85%
0.36 1.40 -317.14 3.35 0.96 3.87 1.06 1.72 6.71 0.97 0.69 2.00 2.65
Interest 1.22 1.21 1.33 1.19 1.10 1.03 0.38 0.45 0.41 0.33 0.88 0.32 0.28
Depreciation 3.71 3.78 3.67 3.92 3.66 3.65 4.24 2.23 2.42 2.46 2.52 2.48 2.61
Profit before tax 12.92 17.11 -304.23 36.50 25.80 24.59 16.79 22.19 20.08 8.08 5.32 0.21 0.47
Tax % 59.13% 63.18% -2.79% 12.36% 41.24% 50.18% 48.12% 29.70% 32.87% 40.35% 60.90% -190.48% -1,078.72%
Net Profit 5.28 6.30 -312.72 31.99 15.16 12.25 8.71 15.60 13.48 4.82 2.08 0.61 5.54
EPS in Rs 0.09 0.11 -5.56 0.57 0.27 0.22 0.15 0.28 0.24 0.09 0.04 0.01 0.10
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
483 478 307 340 360 322 357 324 348 365 372 333 336
352 403 311 272 275 231 268 290 297 279 273 298 316
Operating Profit 131 75 -3 68 85 91 89 34 51 86 99 36 20
OPM % 27% 16% -1% 20% 24% 28% 25% 11% 15% 24% 27% 11% 6%
5 11 3 -0 -4 -87 -97 13 3 -303 8 10 6
Interest 43 43 51 67 61 62 20 8 2 6 4 3 2
Depreciation 10 8 4 2 4 4 5 5 5 15 14 10 10
Profit before tax 83 35 -56 -2 16 -62 -34 34 47 -238 89 34 14
Tax % 5% 10% -7% -416% 36% -21% -29% 40% 46% -13% 42% 38%
Net Profit 79 32 -60 -12 10 -74 -43 21 25 -269 52 21 13
EPS in Rs 11.37 4.59 -3.60 -0.70 0.56 -1.48 -0.85 0.37 0.45 -4.79 0.92 0.37 0.24
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 82% 0%
Compounded Sales Growth
10 Years: -4%
5 Years: -1%
3 Years: -1%
TTM: -8%
Compounded Profit Growth
10 Years: -4%
5 Years: -20%
3 Years: -6%
TTM: -73%
Stock Price CAGR
10 Years: 8%
5 Years: 31%
3 Years: 82%
1 Year: -38%
Return on Equity
10 Years: 3%
5 Years: 5%
3 Years: 8%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
69 69 167 167 183 503 507 562 562 562 281 281
Reserves 140 72 58 7 26 231 175 217 232 -34 279 290
546 602 732 763 725 228 186 32 0 49 26 15
309 353 131 156 188 80 88 81 96 102 140 133
Total Liabilities 1,064 1,096 1,088 1,093 1,121 1,042 957 892 890 678 725 719
879 873 861 862 865 775 668 666 664 393 375 368
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 12
186 223 227 230 257 267 289 226 226 286 350 339
Total Assets 1,064 1,096 1,088 1,093 1,121 1,042 957 892 890 678 725 719

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
53 53 -17 61 64 66 54 54 55 66 91 -9
-4 -2 -23 -2 -11 7 -11 -7 -11 -2 -6 -34
-53 -53 84 -60 -47 -36 -55 -91 -34 -13 -32 -15
Net Cash Flow -3 -2 44 -2 6 37 -12 -44 9 51 53 -58

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 41 56 87 108 110 126 121 105 90 92 98 106
Inventory Days
Days Payable
Cash Conversion Cycle 41 56 87 108 110 126 121 105 90 92 98 106
Working Capital Days -425 -481 17 53 58 -10 -8 87 60 76 79 115
ROCE % 16% 10% 0% 7% 9% 7% 10% 4% 6% 12% 15% 6%

Shareholding Pattern

Numbers in percentages

15 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
0.00 0.00 0.00 0.00 0.33 0.03 0.01 0.17 0.26 0.60 0.80 0.92
0.62 0.87 0.60 0.10 0.38 0.03 0.03 0.04 0.03 0.01 0.01 0.02
96.17 95.15 95.49 96.00 95.43 96.22 96.43 96.78 96.94 96.74 96.83 96.91
3.21 3.99 3.91 3.90 3.86 3.72 3.54 3.01 2.77 2.64 2.36 2.16

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