SUBEXLTD
Subex Limited (SUBEXLTD) Stock Analysis
Subex Limited provides analytics software for telecom operators to manage fraud, revenue assurance, and network intelligence. It sells subscription-based platforms to global carriers from its product development base in India. The company has pivoted toward digital trust and IoT analytics solutions. It is listed on Indian stock exchanges.
Technology › Software - Application
₹19.20
-0.83% 1W | +40.10% 52W
Market Cap
1.1k CR
P/E Ratio
35.5
52W High
₹22.8
52W Low
₹6.6
Div. Yield
0%
Beta
0.9
50 DMA
₹17.7
200 DMA
₹12.1
Profit Margin
10.2%
Inst. Own.
0.6%
⚠️ BREAKDOWN
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 67 | 77 | 82 | 84 | 68 | 74 | 73 | 71 | 66 | 69 | 71 | 73 | 79 |
| Expenses | 82 | 81 | 81 | 81 | 74 | 72 | 70 | 84 | 62 | 63 | 62 | 64 | 64 |
| Operating Profit | -15 | -5 | 1 | 3 | -6 | 2 | 2 | -13 | 4 | 6 | 9 | 9 | 15 |
| OPM % | -22% | -6% | 0.7% | 3.7% | -9% | 2.5% | 3.4% | -18% | 6% | 9% | 13% | 13% | 19% |
| Other Income | 1 | 1 | 1 | -145 | 2 | 5 | 1 | 3 | 16 | 2 | -0 | 7 | 5 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 4 | 3 | 2 | 3 | 3 |
| Profit before tax | -18 | -8 | -2 | -147 | -8 | 3 | -0 | -14 | 15 | 4 | 6 | 13 | 16 |
| Tax % | 7% | 36% | 105% | 7% | 34% | 79% | 916% | 25% | 13% | 32% | 49% | 22% | 14% |
| Net Profit | -19 | -11 | -5 | -157 | -11 | 1 | -3 | -18 | 13 | 3 | 3 | 10 | 14 |
| EPS in Rs | -0.34 | -0.20 | -0.09 | -2.78 | -0.20 | 0.01 | -0.06 | -0.31 | 0.23 | 0.05 | 0.05 | 0.18 | 0.25 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 360 | 322 | 357 | 324 | 348 | 365 | 372 | 333 | 279 | 310 | 286 | 279 | 292 |
| Expenses | 275 | 231 | 268 | 290 | 297 | 279 | 273 | 298 | 309 | 325 | 300 | 253 | 253 |
| Operating Profit | 85 | 91 | 89 | 34 | 51 | 86 | 99 | 36 | -30 | -16 | -15 | 26 | 39 |
| OPM % | 24% | 28% | 25% | 11% | 15% | 24% | 27% | 11% | -11% | -5% | -5% | 9% | 14% |
| Other Income | -4 | -87 | -97 | 13 | 3 | -303 | 8 | 10 | 8 | -141 | 11 | 27 | 13 |
| Interest | 61 | 62 | 20 | 8 | 2 | 6 | 4 | 3 | 3 | 3 | 2 | 3 | 3 |
| Depreciation | 4 | 4 | 5 | 5 | 5 | 15 | 14 | 10 | 14 | 16 | 14 | 12 | 11 |
| Profit before tax | 16 | -62 | -34 | 34 | 47 | -238 | 89 | 34 | -39 | -175 | -20 | 37 | 39 |
| Tax % | 36% | 21% | 29% | 40% | 46% | 13% | 42% | 38% | 31% | 10% | 59% | 24% | |
| Net Profit | 10 | -74 | -43 | 21 | 25 | -269 | 52 | 21 | -51 | -192 | -31 | 29 | 30 |
| EPS in Rs | 0.56 | -1.48 | -0.85 | 0.37 | 0.45 | -4.79 | 0.92 | 0.37 | -0.91 | -3.40 | -0.56 | 0.51 | 0.53 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 82% | 0% | 0% | 0% | 0% | 0% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 0.0% | -6.0% | -1.0% |
| Profit CAGR | 38.0% | -8.0% | 12.0% |
Shareholding Pattern
FIIs0.77%
DIIs0.01%
Public97.95%
FIIs0.77%
DIIs0.01%
Public97.94%
FIIs0.93%
DIIs0.01%
Public97.80%
FIIs1.10%
DIIs0.01%
Public97.62%
FIIs0.60%
Public98.14%
FIIs0.99%
DIIs0.01%
Public97.03%
FIIs1.23%
DIIs0.01%
Public97.38%
FIIs1.74%
DIIs0.01%
Public96.86%
FIIs1.10%
DIIs0.01%
Public97.62%
FIIs0.60%
Public98.14%
SUBEXLTD
Holdings Analysis
Key strengths & risk signals
59
Overall
34
Fundamental
84
Technical
Risks (1)
Cannot calculate PEG - insufficient growth data.
Strengths (4)
MODERATE STABILITY! 2 revenue dips in history. Acceptable but monitor closely.
BULLISH TREND! 50-day average (17.7) is above 200-day average (12.1) - positive signal.
GOOD YEAR! Stock gained 40.1% in the last year.
BULLISH SENTIMENT! In last 30 days: 14 up days, 16 down days. Avg volume on up days: 16,360,091 vs down days: 9,766,303. Ratio: 1.68x
Fundamental & Technical Analysis
59Overall
34Fundamental
84Technical
Fundamental Breakdown
Growth Quality
4/30
Revenue CAGR: 0% (DECLINING, 2/15). Profit CAGR: 0% (DECLINING, 2/15).
Profit Margin
5/10
DECENT EFFICIENCY! 10.2% profit margin - acceptable profitability.
PEG Valuation
1/10
Cannot calculate PEG - insufficient growth data.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
5/20
TOO MUCH PUBLIC HOLDING! 97.36% public ownership - higher volatility risk.
Stability Index
6/10
MODERATE STABILITY! 2 revenue dips in history. Acceptable but monitor closely.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (17.7) is above 200-day average (12.1) - positive signal.
Price Position
8/10
STRONG POSITION! Current price (19.2) is above both moving averages.
Trend Pattern
10/20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance
10/10
GOOD YEAR! Stock gained 40.1% in the last year.
Volume Sentiment
30/30
BULLISH SENTIMENT! In last 30 days: 14 up days, 16 down days. Avg volume on up days: 16,360,091 vs down days: 9,766,303. Ratio: 1.68x
RSI
3/5
NEUTRAL! RSI at 51.6 - balanced momentum.
52W Range
4/5
UPPER HALF! Trading at 77.8% of 52W range - positive territory.
Momentum
3/5
MIXED MOMENTUM! Price growth is inconsistent - -0.8% (1 week), 2.0% (1 month), 45.0% (3 months).
Beta
4/5
BELOW MARKET! Beta of 0.90 - slightly less volatile than market.
SUBEXLTD
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q1FY272026-08-07 | Concall PDF | |
| Q4FY262026-05-19 | Concall PDF | |
| Q3FY262026-02-17 | Concall PDF | |
| Q2FY262025-11-19 | Concall PDF |
Peer Comparison
Technology · Software - Application · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUBEXLTD | ₹19.20 | 35.5 | 10.2% | 0.0% | – | +40.1% | 59 | BREAKDOWN | +10.9% | +43.4% | +19.6% | +8.8% |
| EXCELSOFT | ₹81.10 | 18.4 | 15.7% | 11.8% | 24.6% | -35.7% | 68 | HIT RESISTANCE | +55.9% | -44.6% | +44.2% | -1.1% |
| UNIECOM | ₹82.80 | 45.8 | 10.1% | 31.4% | 46.7% | -41.8% | 68 | BOUNCE FROM SUPPORT | +20.5% | +38.2% | +14.5% | -0.4% |
| IZMO | ₹858.20 | 23.9 | 18.3% | 22.8% | 33.4% | -14.3% | 71 | APPROACHING SUPPORT | +103.3% | -29.5% | +15.8% | -40.1% |
| QUICKHEAL | ₹137.80 | – | -4.3% | -2.1% | – | -53.9% | 46 | CONSOLIDATING DOWN | -3.6% | -73.4% | -21.3% | -7.6% |
| INFOBEAN | ₹156.20 | 17.9 | 15.3% | 10.1% | 34.1% | +17.6% | 70 | BOUNCE FROM SUPPORT | -7.3% | +0.9% | +36.7% | +7.8% |
| KELLTONTEC | ₹12.00 | 7.2 | 7.4% | 9.9% | – | -49.2% | 55 | BREAKDOWN | -1.8% | +14.4% | +6.8% | +0.5% |
| INNOVANA | ₹301.50 | 21.4 | 22.1% | 18.7% | 12.3% | -42.3% | 70 | BOUNCE FROM SUPPORT | -56.6% | +93.1% | +21.5% | +19.6% |
Data from TradeAlone · Updated daily
