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Information Technology | Small Cap
Health Score : 4.25Subex Ltd. presents a mixed financial picture, characterized by exceptional stability but challenged performance. The company's greatest strength is its financial structure; it operates with very little debt, making it highly resilient to economic downturns. Its ability to cover immediate expenses with liquid assets is also quite strong. However, the company has faced significant headwinds in its core business, leading to declining revenues and substantial losses in recent periods. This has negatively impacted shareholder returns and its ability to cover interest payments from operational earnings. The future outlook is one of contrast; while past performance has been weak, projections show potential for a strong rebound in operational profitability and asset growth. The key risk lies in its ongoing unprofitability, while its strong, debt-free foundation presents an opportunity to navigate a recovery.
Health Score : 4.25Subex Ltd. presents a mixed financial picture, characterized by exceptional stability but challenged performance. The company's greatest strength is its financial structure; it operates with very little debt, making it highly resilient to economic downturns. Its ability to cover immediate expenses with liquid assets is also quite strong. However, the company has faced significant headwinds in its core business, leading to declining revenues and substantial losses in recent periods. This has negatively impacted shareholder returns and its ability to cover interest payments from operational earnings. The future outlook is one of contrast; while past performance has been weak, projections show potential for a strong rebound in operational profitability and asset growth. The key risk lies in its ongoing unprofitability, while its strong, debt-free foundation presents an opportunity to navigate a recovery.
Overall Valuation Score
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0
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Sell Orders
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0
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Markets Today NSE
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0.00
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Avg Price
0.00
Volume
0
Last Traded Quantity
0
Last Traded Time
N/A
Price Movement Indicator
Today's Low: 0.00
Today's High: 0.00
P/E RATIO (TTM)
178.80
Industry Median
18.34
Small Cap Median
18.34
P/E RATIO
35.06
P/B RATIO
2.94
Industry Median
2.94
Small Cap Median
2.94
P/S RATIO
3.63
Industry Median
4.06
Small Cap Median
4.06
Others
PEG RATIO
0.00
EV/EBITDA RATIO
18.09
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹17.88 as on Sep 1, 2026.
Growth Score : 2.80The company's growth profile is extremely weak and concerning based on historical performance. It has faced significant declines in key areas like revenue, operating profit, and net income, indicating a period of substantial business struggle. This suggests challenges with market demand or competition. The only bright spot is a recent and projected expansion in its asset base, which could be part of a strategy to reverse the negative trends. However, the overall picture is one of contraction and financial underperformance.
Revenue Growth RatePoorOperating Profit Growth RatePoorEarnings Per Share (EPS) GrowthPoor
Asset Growth RateExcellentNet Income Growth RatePoor| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | -10.48 | -16.22 | 11.11 | -7.74 | -2.45 |
| Operating Profit Growth Rate | -63.64 | -183.33 | 46.67 | 6.25 | 273.33 |
| Earnings Per Share (EPS) Growth | -59.78 | -345.95 | -273.63 | 83.53 | 191.07 |
| Asset Growth Rate | -0.83 | -3.34 | -24.03 | -7.77 | 13.35 |
| Net Income Growth Rate | -59.62 | -342.86 | -276.47 | 83.85 | 193.55 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | IRIS Regtech Solutions Ltd | 8.27 | 4.07 | Undervalued | 10.00 | 8.10 | 127.00 |
| 2 | Innovana Thinklabs Ltd | 7.83 | 16.25 | Undervalued | 46.00 | 15.50 | 37.00 |
| 3 | Softtech Engineers Ltd | 6.51 | 116.27 | Neutral | 32.00 | 6.92 | 5.00 |
| 4 | DigiSpice Technologies Ltd | 5.17 | 21.96 | Highly Undervalued | 21.00 | -0.10 | 19.00 |
| 5 | Subex Ltd | 4.25 | 35.06 | Neutral | 26.00 | 0.10 | 29.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
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No Stock News Available at This Moment.
Subex Ltd is a global telecom Artificial Intelligence (AI) and Digital Trust company, headquartered in India. It provides solutions for revenue assurance, fraud management, business analytics, and partner ecosystem management to communication service providers worldwide. The company leverages AI/ML to enhance operational efficiency and mitigate risks for telcos.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Subex Ltd's P/E ratio (TTM) is 178.80, compared to the industry median of 18.34 and large cap median of 18.34.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Subex Ltd's P/B ratio is 2.94, compared to the industry median of 2.94 and large cap median of 2.94.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Subex Ltd's P/S ratio is 3.63, compared to the industry median of 4.06 and large cap median of 4.06.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Subex Ltd's PEG ratio is N/A.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Subex Ltd's EV/EBITDA ratio is 18.09.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Subex Ltd's ROE is 8.45%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Subex Ltd's ROA is 4.71%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Subex Ltd's ROCE is 13%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Subex Ltd's operating margin is 9.32%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Subex Ltd's net margin is 10.39%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Subex Ltd's current ratio is 1.61.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Subex Ltd's debt-to-equity ratio is 0.09.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Subex Ltd's interest coverage ratio is 13.33.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Subex Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Subex Ltd's EPS is 191.07.
(Source line: "Ratios as of 23 Oct 2026, based on last traded price of ₹17.88. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1992 (as Subex Systems Limited)
Headquarters: Bengaluru, Karnataka
Core Offerings: Revenue Assurance, Fraud Management, Business Analytics, Partner Ecosystem Management, AI/ML Orchestration
Stock Listing: NSE (SUBEXLTD), BSE (532348)
Promoter: Professionally Managed
Subex Ltd was incorporated in 1992 as Subex Systems Limited. It went public, listing on the NSE and BSE in 1999. The company expanded its global presence in the early 2000s, making strategic acquisitions like Axillio in 2006 and Syndesis in 2007 to strengthen its product portfolio. In 2007, the company was renamed Subex Limited. Today, Subex focuses on delivering AI/ML-driven digital trust and risk management solutions to telecom operators across the globe.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Software Products and Related Services | 100% | Operating Profit |
Digital Trust Platform (HyperSense AI): An AI/ML orchestration platform enabling communication service providers (CSPs) to build, deploy, and manage AI models for various business outcomes.
Revenue Assurance: Solutions designed to ensure that CSPs correctly bill and collect all revenue generated by their services.
Fraud Management: AI-driven systems to detect, prevent, and manage various types of fraud, including subscription fraud, roaming fraud, and identity theft.
Business & Customer Analytics: Tools that provide deep insights into network performance, customer behavior, and service utilization to optimize operations and improve customer experience.
Partner Ecosystem Management: Manages complex relationships and revenue sharing among partners in the evolving digital and 5G ecosystem.
Anil Tandon (Managing Director & CEO): Appointed as MD & CEO in 2024, Mr. Tandon brings extensive experience in global enterprise software, cloud, and SaaS domains, focusing on driving growth and strategic transformation.
Subex America Inc.
Subex Asia Pacific Pte. Ltd.
Subex UK Ltd.
Subex Australia Pty Ltd.
Subex Technologies Limited (Mauritius)
A Rights Issue was undertaken in 2020 to raise capital. No other major recent corporate actions on record.
The Subex Ltd share price today is ₹17.88 on NSE (SUBEXLTD), as of 23 Oct 2026.
As of 23 Oct 2026, Subex Ltd share price is ₹17.88, with previous close ₹17.88. Today's range is ₹17.88 to ₹17.88. The 52-week range is ₹6.61 to ₹22.80.
As of today, Subex Ltd's market cap is ₹1,013.8 crore (Small Cap).
Subex Ltd's current P/E ratio is 178.80, compared to the SOFTWARE & SERVICES sector average of 27.50.
Subex Ltd's current P/B ratio is 2.94.
Subex Ltd's current dividend yield is N/A. Last dividend of ₹0.00 per share was declared on N/A.
Subex Ltd's EPS (TTM) is ₹191.07.
Subex Ltd is a global telecom Artificial Intelligence (AI) and Digital Trust company, headquartered in India. It provides solutions for revenue assurance, fraud management, business analytics, and partner ecosystem management to communication service providers worldwide. The company leverages AI/ML to enhance operational efficiency and mitigate risks for telcos.
Subex Ltd is promoted by Professionally Managed, holding 0% as of 23 Oct 2026.
Subex Ltd is listed on NSE (SUBEXLTD) and BSE (532348). Its next quarterly results are expected on August 2024 (for Q1 FY25).
Capital Expenditures (CapEx)