Subex

Who are the top shareholders of the Subex?

The top shareholders of Subex consist of 85.27% individual investors, with 1.74% held by 26 Foreign Institutional Investors. Uno Metals Ltd is the largest public shareholder at 3.41%, and there are no pledged promoter holdings or mutual fund investments.

The top shareholders of Subex include a significant portion of individual investors, who hold 85.27% of the shares. Among institutional investors, there are 26 Foreign Institutional Investors (FIIs) holding a combined 1.74%. The highest public shareholder is Uno Metals Ltd, which holds 3.41% of the shares. Notably, there are no pledged promoter holdings, and no mutual funds are currently invested in the company.

Who are in the management team of Subex?

As of March 2022, the management team of Subex includes Anil Singhvi (Chairman), Vinod Kumar Padmanabhan (Managing Director & CEO), and several independent directors, responsible for the company's strategic direction and operations.

As of March 2022, the management team of Subex includes the following members:<BR><BR>1. Anil Singhvi - Chairman & Independent Director<BR>2. Nisha Dutt - Non-Executive & Independent Director<BR>3. Poornima K Prabhu - Non-Executive & Independent Director<BR>4. Vinod Kumar Padmanabhan - Managing Director & CEO<BR>5. G V Krishnakanth - Company Secretary & Compliance Officer<BR>6. George Zacharias - Non-Executive & Independent Director<BR>7. Shiva Shankar Naga Roddam - Whole Time Director & COO<BR><BR>This team is responsible for guiding the strategic direction and operational management of the company.

What does Subex do?

Subex Ltd is a global provider of Business Support Systems (BSS) in the software industry, with a market cap of Rs 851 Cr and reported net sales of 71 Cr and a net loss of 18 Cr for the quarter ending March 2025. The company has been publicly traded since 1996 and is currently loss-making with a negative return on equity.

Overview:<BR>Subex Ltd is a leading global provider of Business Support Systems (BSS) in the software products industry, operating within the micro-cap market.<BR><BR>History:<BR>Subex Ltd was incorporated in 1994 as a private limited company under the name Subex Systems and became a public limited company in 1996. The most recent quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 71 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: -18 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: Rs 851 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A (Loss Making)<BR>- Industry P/E: 29<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -0.24<BR>- Return on Equity: -10.61%<BR>- Price to Book: 2.82<BR><BR>Contact Details:<BR>Address: RMZ Ecoworld Outer Ring Road, Devarabisanahalli Bangalore Karnataka : 560103<BR>Tel: 91-080-66598700<BR>Email: info@subex.com<BR>Website: http://www.subex.com

Has Subex declared dividend?

Subex Ltd has declared a 5% dividend, amounting to ₹0.25 per share, with an ex-date of July 1, 2021. Despite this, the total returns over various periods show significant declines in price returns, and the dividend yield remains at 0%.

Subex Ltd has declared a 5% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 5%<BR>- Amount per share: 0.25<BR>- Ex-date: 01 Jul 21<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>Over the 6-month period, the price return was -41.37%, the dividend return was 0%, resulting in a total return of -41.37%.<BR><BR>For the 1-year period, the price return was -44.32%, the dividend return was 0%, leading to a total return of -44.32%.<BR><BR>In the 2-year period, the price return was -44.67%, the dividend return was 0%, which resulted in a total return of -44.67%.<BR><BR>During the 3-year period, the price return was -45.89%, the dividend return was 0%, culminating in a total return of -45.89%.<BR><BR>Over the 4-year period, the price return was -74.88%, the dividend return was 0.44%, resulting in a total return of -74.44%.<BR><BR>In the 5-year period, the price return was 103.9%, the dividend return was 9.14%, leading to a total return of 113.04%.<BR><BR>Overall, while Subex declared a dividend, the total returns over various periods indicate significant declines in price returns, with only the 5-year period showing a positive total return. The dividend yield remains at 0%, suggesting limited income generation from dividends in the recent periods.

Who are the peers of the Subex?

Subex's peers include Oracle Fin.Serv., C.E. Info System, Tanla Platforms, Moschip Tech., Nucleus Soft., Artificial Elect, IRIS Business, ABM Knowledge, and Ace Soft. Exp. Subex has average management risk and below average growth, with a 1-year return of -47.71%, significantly lower than its peers.

Peers: The peers of Subex are Oracle Fin.Serv., C.E. Info System, Tanla Platforms, Moschip Tech., Nucleus Soft., Artificial Elect, IRIS Business, ABM Knowledge, and Ace Soft. Exp.<BR><BR>Quality Snapshot: Excellent management risk is observed at Oracle Fin.Serv. and the rest have varying ratings. Good management risk is found at C.E. Info System and Nucleus Soft., while Average management risk is found at Subex, Tanla Platforms, IRIS Business, and ABM Knowledge. Below Average management risk is noted at Moschip Tech., Artificial Elect, Ace Soft. Exp., and Virinchi. Growth ratings show that Excellent growth is seen at Artificial Elect, Good growth is observed at C.E. Info System, Tanla Platforms, and the rest, while Average growth is found at IRIS Business, and Below Average growth is noted at Subex, Nucleus Soft., Moschip Tech., ABM Knowledge, and Virinchi. Excellent capital structure is noted at Oracle Fin.Serv., C.E. Info System, Tanla Platforms, Nucleus Soft., and IRIS Business, while Good capital structure is found at Subex and Ace Soft. Exp., and Below Average capital structure is observed at Moschip Tech. and Virinchi.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Artificial Elect at 729.06%, while the peer with the lowest is Subex at -47.71%, indicating that Subex's return is significantly lower than that of its peers. Additionally, the six-month return is negative for Oracle Fin.Serv., Tanla Platforms, Moschip Tech., IRIS Business, and Virinchi.

Is Subex overvalued or undervalued?

As of November 15, 2022, Subex is considered overvalued with a valuation grade of risky, reflected by a PE ratio of -26.27 and an EV to EBITDA of -52.86, contrasting sharply with competitors like TCS and Infosys, and showing a year-to-date decline of 29.76% against the Sensex's positive return of 5.58%.

As of 15 November 2022, the valuation grade for Subex has moved from very expensive to risky, indicating a significant change in its perceived value. The company is currently considered overvalued. Key ratios include a PE ratio of -26.27, an EV to EBITDA of -52.86, and a ROCE of -12.51%. These figures suggest that Subex is struggling financially compared to its peers.<BR><BR>In comparison to notable competitors, TCS has a PE ratio of 25.23 and an EV to EBITDA of 17.63, while Infosys shows a PE of 24.32 and an EV to EBITDA of 15.83, highlighting a stark contrast in valuation metrics. The negative returns for Subex, particularly a year-to-date decline of 29.76% compared to the Sensex's positive return of 5.58%, further reinforce the notion that the stock is overvalued in its current state.

How big is Subex?

As of 24th July, Subex Ltd has a market capitalization of 796.00 Cr, with Net Sales of 285.61 Cr and a Net Profit loss of 31.44 Cr over the latest four quarters. The balance sheet for March 2024 shows Shareholder's Funds of 333.51 Cr and Total Assets of 528.35 Cr.

As of 24th July, Subex Ltd has a market capitalization of 796.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Subex reported Net Sales of 285.61 Cr. However, the company experienced a loss of 31.44 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 333.51 Cr and Total Assets amounting to 528.35 Cr.

When is the next results date for Subex?

The next results date for Subex is 11 November 2025.

The next results date for Subex is scheduled for 11 November 2025.

Is Subex technically bullish or bearish?

As of November 6, 2025, the technical trend is bearish with moderate strength, driven by daily moving averages and weekly indicators, despite mixed signals from the MACD and significant underperformance compared to the Sensex.

As of 6 November 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance is bearish with a moderate strength. Key indicators driving this include the daily moving averages indicating bearishness, along with the weekly KST and Bollinger Bands also showing bearish signals. The MACD presents a mildly bullish stance on the weekly timeframe but is bearish on the monthly, indicating mixed signals. Overall, the bearish trend is reinforced by the significant underperformance of the stock compared to the Sensex over various time frames, particularly the year-to-date and one-year returns.

How has been the historical performance of Subex?

Subex has experienced declining financial performance, with net sales dropping from 372.03 Cr in Mar'21 to 285.61 Cr in Mar'25, and consistent losses since Mar'23, culminating in a profit after tax loss of -31.44 Cr in Mar'25. Total assets and liabilities also decreased during this period, reflecting ongoing financial challenges.

Answer:<BR>The historical performance of Subex shows a fluctuating trend in its financial metrics over the years, with significant losses in recent periods.<BR><BR>Breakdown:<BR>Subex's net sales have seen a decline from 372.03 Cr in Mar'21 to 285.61 Cr in Mar'25, with a notable dip from 333.44 Cr in Mar'22 to 278.69 Cr in Mar'23. The total operating income followed a similar trend, decreasing from 372.03 Cr in Mar'21 to 285.61 Cr in Mar'25. The company has consistently reported no raw material costs or purchase of finished goods, indicating a unique operational model. Employee costs peaked at 214.49 Cr in Mar'22 but fell to 185.18 Cr in Mar'25. Other expenses increased from 76.33 Cr in Mar'21 to 115.08 Cr in Mar'25, contributing to total expenditures rising from 273.53 Cr in Mar'21 to 300.26 Cr in Mar'25. Operating profit has been negative since Mar'23, with a loss of -7.70 Cr in Mar'25 compared to a profit of 103.24 Cr in Mar'21. Profit before tax also turned negative, reaching -19.82 Cr in Mar'25, while profit after tax showed a loss of -31.44 Cr. The company's total assets decreased from 718.60 Cr in Mar'22 to 486.96 Cr in Mar'25, and total liabilities also fell from 695.19 Cr to 486.96 Cr in the same period. Cash flow from operating activities fluctuated, with a net cash outflow of -16.00 Cr in Mar'25, reflecting ongoing financial challenges.

Should I buy, sell or hold Subex Ltd?

Are Subex Ltd latest results good or bad?

Subex Ltd's latest results are largely negative, showing a significant year-on-year net profit increase of 361.29% but a concerning quarter-on-quarter decline of 77.67%. Despite improved operating margins, ongoing revenue challenges and poor capital efficiency raise concerns about the company's market position.

Subex Ltd's latest results present a mixed picture, but overall, they lean towards the negative side. While the company reported a significant year-on-year increase in net profit of 361.29%, this was overshadowed by a dramatic quarter-on-quarter decline of 77.67%. The net profit for Q2 FY26 stood at ₹2.86 crores, down from ₹12.81 crores in the previous quarter.<BR><BR>Revenue also showed a decline, with a year-on-year drop of 7.08%, although there was a slight quarter-on-quarter increase of 3.78%. This continuing trend of declining sales raises concerns about the company’s ability to maintain its market position.<BR><BR>On the positive side, the operating margin improved significantly to 9.11% from 2.55% in the same quarter last year, indicating some effectiveness in cost management. However, the overall operational performance remains concerning, especially given the long-term decline in revenue and the company's poor capital efficiency metrics, with a return on equity of just 1.65%.<BR><BR>Furthermore, Subex has underperformed significantly compared to its peers and the broader market, with its stock price declining 40.12% over the past year. The lack of institutional support and the absence of a promoter holding also contribute to a negative outlook.<BR><BR>In summary, while there are some improvements in margins, the substantial drop in net profit and ongoing revenue challenges indicate that the latest results are more bad than good for Subex Ltd.

Why is Subex Ltd falling/rising?

As of 16-Mar, Subex Ltd's stock price is at Rs. 8.04, down 2.55%, reflecting a significant decline over various time frames, including a 28.85% drop year-to-date. Despite some positive financial indicators, the stock's long-term fundamentals and consistent underperformance against benchmarks indicate a bearish trend.

As of 16-Mar, Subex Ltd's stock price is falling, currently at Rs. 8.04, reflecting a decrease of Rs. 0.21 or 2.55%. This decline is part of a broader trend, as the stock has been underperforming significantly against both its sector and the benchmark indices. Over the past week, Subex has dropped by 7.05%, and in the last month, it has seen a substantial decline of 20.32%. Year-to-date, the stock has fallen by 28.85%, and over the past year, it has plummeted by 33.66%, while the Sensex has gained 2.27% during the same period.<BR><BR>Today's performance indicates that the stock has hit a new 52-week low of Rs. 7.83 and has been on a consecutive downward trajectory for the last four days, accumulating a total loss of 8.74% in that timeframe. Additionally, Subex is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically signals a bearish trend.<BR><BR>Despite some positive financial indicators, such as a 70.38% growth in operating profit and a significant increase in cash reserves, the long-term fundamentals appear weak. The company has experienced a staggering -157.74% compound annual growth rate (CAGR) in operating profits over the past five years, and its ability to service debt is concerning, as evidenced by a poor EBIT to interest ratio of -2.69. Furthermore, the stock has consistently underperformed against the benchmark over the last three years, contributing to a perception of risk among investors.<BR><BR>In summary, the combination of recent price declines, poor long-term performance metrics, and consistent underperformance against benchmarks are key factors driving the stock price of Subex Ltd lower.

Which are the latest news on Subex?