Subex

Market Cap: Micro Cap
Industry: Software Products
ISIN: INE754A01055
NSEID: SUBEXLTD
BSEID: 532348

INR

11.88

0.02 (0.17%)

BSENSE

Dec 05

BSE+NSE Vol: 8.15 lacs

{
  "main_header": {
    "sid": 380537,
    "name": "Subex",
    "stock_name": "Subex",
    "full_name": "Subex Ltd",
    "name_url": "stocks-analysis/subex",
    "exchange": 0,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "11.88",
    "chg": 0.02,
    "chgp": "0.17%",
    "dir": 1,
    "prev_price": "11.86",
    "mcapval": "669.65 Cr",
    "mcap": "Micro Cap",
    "scripcode": 532348,
    "symbol": "SUBEXLTD",
    "ind_name": "Software Products",
    "ind_code": 57,
    "indexname": "",
    "isin": "INE754A01055",
    "curr_date": "Dec 05",
    "curr_time": "",
    "bse_nse_vol": "8.15 lacs",
    "exc_status": "Active",
    "traded_date": "Dec 05, 2025",
    "traded_date_str": "2025 12 05",
    "score": "",
    "scoreText": "",
    "Live": 1,
    "market_time": 1,
    "is_blur": 1,
    "is_blur_class": "blur-registerF-score-header",
    "is_blur_url": "https://www.marketsmojo.com/mojofeed/register?redirect=/stocks-analysis/subex-380537-0&utm_source=Spage_Header_Score",
    "mojoone": {
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      "all_data": []
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  "news": {
    "results": [
      {
        "title": "Subex Sees Revision in Market Assessment Amid Challenging Fundamentals",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/subex-downgraded-to-strong-sell-by-marketsmojo-amid-weak-fundamentals-and-risky-valuation-3737986",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/Subex_mojoScore_3737986.png",
        "date": "2025-12-01 10:09:36",
        "description": "Subex, a microcap player in the Software Products sector, has experienced a revision in its market evaluation reflecting shifts in its fundamental and technical outlook. This adjustment highlights ongoing challenges in the company’s financial health and market performance, prompting a reassessment of its investment profile."
      },
      {
        "title": "Why is Subex falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-subex-fallingrising-3726527",
        "imagepath": "",
        "date": "2025-11-25 00:19:40",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Persistent Underperformance Against Benchmarks</strong></p>\n<p>Subex’s recent price action reflects a sustained period of weakness relative to the broader market. Over the past week, the stock has declined by 7.27%, sharply contrasting with the Sensex’s marginal fall of 0.06%. This underperformance extends over longer horizons, with the stock down 7.48% in the last month while the Sensex gained 0.82%. Year-to-date, Subex has plunged 44.76%, a stark divergence from the Sensex’s 8.65% rise. The one-year and three-year returns further highlight this trend, with Subex falling 47.00% and 61.28% respectively, while the Sensex posted gains of 7.31% and 36.34% over the same periods. Even over five years, Subex’s 36.21% decline contrasts sharply with the Sensex’s robust 90.69% appreciation.</p>\n<p><s..."
      },
      {
        "title": "Why is Subex falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-subex-fallingrising-3698470",
        "imagepath": "",
        "date": "2025-11-13 21:34:41",
        "description": "As of 13-Nov, Subex Ltd's stock price is currently at 12.90, reflecting a decrease of 0.11, or 0.85%. The stock has been underperforming, having lost 5.01% over the last two days, and it has also shown a significant decline of 41.20% year-to-date. While the stock's performance today has underperformed its sector by 0.31%, it is noteworthy that the delivery volume has increased by 46.97% compared to the 5-day average, indicating rising investor participation. Additionally, the stock is currently trading above its 5-day and 50-day moving averages but below its 20-day, 100-day, and 200-day moving averages, suggesting mixed signals regarding its short-term momentum. There is no information available regarding positive or negative factors impacting the stock.\n\nIn the broader market context, Subex's short-term performance over the past week shows a gain of 3.12%, which is significantly better than the Sensex's in..."
      },
      {
        "title": "How has been the historical performance of Subex?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-subex-3694375",
        "imagepath": "",
        "date": "2025-11-12 23:36:51",
        "description": "Answer:\nThe historical performance of Subex shows a fluctuating trend in its financial metrics over the years, with significant losses in recent periods.\n\nBreakdown:\nSubex'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 ..."
      },
      {
        "title": "Are Subex latest results good or bad?",
        "link": "https://www.marketsmojo.com/news/result-analysis/are-subex-latest-results-good-or-bad-3693115",
        "imagepath": "",
        "date": "2025-11-12 19:24:36",
        "description": "Subex's latest financial results for Q2 FY26 present a complex picture of operational performance. The company reported a net profit of ₹2.86 crores, which reflects a significant sequential decline of 77.67% compared to the previous quarter. However, this figure shows a substantial year-on-year increase of 361.29%, although this growth is somewhat misleading due to the low profitability base from Q2 FY25.\n\nRevenue for the same quarter stood at ₹68.91 crores, marking a modest sequential growth of 3.78% from ₹66.40 crores in Q1 FY26. Nevertheless, this revenue is down 7.08% compared to ₹74.16 crores in Q2 FY25, continuing a trend of negative year-on-year growth that has persisted for three consecutive quarters. This indicates ongoing challenges in maintaining consistent revenue streams.\n\nThe operating margin improved to 9.11%, the highest in eight quarters, which is a positive development. This improvement is..."
      },
      {
        "title": "Why is Subex falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-subex-fallingrising-3690670",
        "imagepath": "",
        "date": "2025-11-11 21:23:03",
        "description": "As of 11-Nov, Subex Ltd's stock price is currently at Rs 13.58, reflecting an increase of Rs 1.22, or 9.87%. The stock has shown a performance today that outperformed its sector by 8.9% and has gained after four consecutive days of decline. It reached an intraday high of Rs 13.59, indicating a positive trend reversal. However, the stock's delivery volume has decreased by 29.18% compared to the 5-day average, suggesting a decline in investor participation. Over the past week, the stock has increased by 5.19%, while its year-to-date performance remains significantly lower at -38.10%.\n\nIn the broader market context, the Sensex has only increased by 0.49% over the past week, highlighting that Subex's short-term return is notably stronger than the benchmark. Despite this recent uptick, the stock has underperformed over longer periods, with a year-on-year decline of 45.40% compared to the Sensex's gain of 5.50%. ..."
      },
      {
        "title": "Subex Q2 FY26: Profit Surge Masks Persistent Structural Challenges",
        "link": "https://www.marketsmojo.com/news/result-analysis/subex-q2-fy26-profit-surge-masks-persistent-structural-challenges-3690621",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/Subex_quaterlyResult_3690621.png",
        "date": "2025-11-11 20:01:50",
        "description": "Subex Ltd., a Bangalore-based provider of Business Support Systems (BSS) for telecommunications operators, reported a consolidated net profit of ₹2.86 crores for Q2 FY26, marking a dramatic 361.29% surge year-on-year from ₹0.62 crores in Q2 FY25. However, the quarter-on-quarter narrative tells a starkly different story, with profits plunging 77.67% from ₹12.81 crores in Q1 FY26. The company's shares, currently trading at ₹13.58 with a modest market capitalisation of ₹713.00 crores, have witnessed extreme volatility following the results announcement, gaining 9.87% in a single day but remaining down 45.40% over the past year."
      },
      {
        "title": "Is Subex technically bullish or bearish?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-subex-technically-bullish-or-bearish-3678042",
        "imagepath": "",
        "date": "2025-11-07 08:11:57",
        "description": "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...."
      },
      {
        "title": "Subex Faces Technical Trend Challenges Amidst Mixed Market Indicators and Volatility",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/subexs-technical-trend-shifts-from-mildly-bearish-to-bearish-amid-stock-price-decline-3678508",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/Subex_technicaldot_3678508.png",
        "date": "2025-11-07 08:03:50",
        "description": "Subex, a microcap software company, has faced significant challenges, with a one-year stock return of -49.78%, contrasting with the Sensex's 3.65%. Technical indicators show mixed performance, with bearish trends prevailing. The stock has experienced notable volatility, with a 52-week high of 27.70 and a low of 10.57."
      }
    ],
    "total": 144,
    "sid": "380537",
    "stock_news_url": "https://www.marketsmojo.com/news/subex-380537"
  },
  "announcements": [
    {
      "caption": "Voluntary Liquidation Of Subex Account Aggregator Services Pvt Ltd Wholly Owned Subsidiary - NCLT Order",
      "datetime": "01-Dec-2025",
      "details": "Voluntary Liquidation of Subex Account Aggregator Services Pvt Ltd Wholly Owned Subsidiary - NCLT Order",
      "source": "BSE"
    },
    {
      "caption": "Announcement under Regulation 30 (LODR)-Earnings Call Transcript",
      "datetime": "19-Nov-2025",
      "details": "Transcript of Earnings Call held on November 12 2025 for the quarter and half year ended September 30 2025",
      "source": "BSE"
    },
    {
      "caption": "Announcement under Regulation 30 (LODR)-Press Release / Media Release",
      "datetime": "19-Nov-2025",
      "details": "Press release titled Subex Announces Launch of Its Refreshed Brand Identity",
      "source": "BSE"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "Subex Ltd has declared <strong>5%</strong> dividend, ex-date: 01 Jul 21",
          "dt": "2021-07-01",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "No <strong>Splits</strong> history available",
      "data": []
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "No <strong>Bonus</strong> history available",
      "data": []
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

Subex Sees Revision in Market Assessment Amid Challenging Fundamentals

2025-12-01 10:09:36

Subex, a microcap player in the Software Products sector, has experienced a revision in its market evaluation reflecting shifts in its fundamental and technical outlook. This adjustment highlights ongoing challenges in the company’s financial health and market performance, prompting a reassessment of its investment profile.

Why is Subex falling/rising?

2025-11-25 00:19:40

Persistent Underperformance Against Benchmarks

Subex’s recent price action reflects a sustained period of weakness relative to the broader market. Over the past week, the stock has declined by 7.27%, sharply contrasting with the Sensex’s marginal fall of 0.06%. This underperformance extends over longer horizons, with the stock down 7.48% in the last month while the Sensex gained 0.82%. Year-to-date, Subex has plunged 44.76%, a stark divergence from the Sensex’s 8.65% rise. The one-year and three-year returns further highlight this trend, with Subex falling 47.00% and 61.28% respectively, while the Sensex posted gains of 7.31% and 36.34% over the same periods. Even over five years, Subex’s 36.21% decline contrasts sharply with the Sensex’s robust 90.69% appreciation.

Why is Subex falling/rising?

2025-11-13 21:34:41

As of 13-Nov, Subex Ltd's stock price is currently at 12.90, reflecting a decrease of 0.11, or 0.85%. The stock has been underperforming, having lost 5.01% over the last two days, and it has also shown a significant decline of 41.20% year-to-date. While the stock's performance today has underperformed its sector by 0.31%, it is noteworthy that the delivery volume has increased by 46.97% compared to the 5-day average, indicating rising investor participation. Additionally, the stock is currently trading above its 5-day and 50-day moving averages but below its 20-day, 100-day, and 200-day moving averages, suggesting mixed signals regarding its short-term momentum. There is no information available regarding positive or negative factors impacting the stock. In the broader market context, Subex's short-term performance over the past week shows a gain of 3.12%, which is significantly better than the Sensex's in...

How has been the historical performance of Subex?

2025-11-12 23:36:51

Answer: The historical performance of Subex shows a fluctuating trend in its financial metrics over the years, with significant losses in recent periods. Breakdown: 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 ...

Are Subex latest results good or bad?

2025-11-12 19:24:36

Subex's latest financial results for Q2 FY26 present a complex picture of operational performance. The company reported a net profit of ₹2.86 crores, which reflects a significant sequential decline of 77.67% compared to the previous quarter. However, this figure shows a substantial year-on-year increase of 361.29%, although this growth is somewhat misleading due to the low profitability base from Q2 FY25. Revenue for the same quarter stood at ₹68.91 crores, marking a modest sequential growth of 3.78% from ₹66.40 crores in Q1 FY26. Nevertheless, this revenue is down 7.08% compared to ₹74.16 crores in Q2 FY25, continuing a trend of negative year-on-year growth that has persisted for three consecutive quarters. This indicates ongoing challenges in maintaining consistent revenue streams. The operating margin improved to 9.11%, the highest in eight quarters, which is a positive development. This improvement is...

Why is Subex falling/rising?

2025-11-11 21:23:03

As of 11-Nov, Subex Ltd's stock price is currently at Rs 13.58, reflecting an increase of Rs 1.22, or 9.87%. The stock has shown a performance today that outperformed its sector by 8.9% and has gained after four consecutive days of decline. It reached an intraday high of Rs 13.59, indicating a positive trend reversal. However, the stock's delivery volume has decreased by 29.18% compared to the 5-day average, suggesting a decline in investor participation. Over the past week, the stock has increased by 5.19%, while its year-to-date performance remains significantly lower at -38.10%. In the broader market context, the Sensex has only increased by 0.49% over the past week, highlighting that Subex's short-term return is notably stronger than the benchmark. Despite this recent uptick, the stock has underperformed over longer periods, with a year-on-year decline of 45.40% compared to the Sensex's gain of 5.50%. ...

Subex Q2 FY26: Profit Surge Masks Persistent Structural Challenges

2025-11-11 20:01:50

Subex Ltd., a Bangalore-based provider of Business Support Systems (BSS) for telecommunications operators, reported a consolidated net profit of ₹2.86 crores for Q2 FY26, marking a dramatic 361.29% surge year-on-year from ₹0.62 crores in Q2 FY25. However, the quarter-on-quarter narrative tells a starkly different story, with profits plunging 77.67% from ₹12.81 crores in Q1 FY26. The company's shares, currently trading at ₹13.58 with a modest market capitalisation of ₹713.00 crores, have witnessed extreme volatility following the results announcement, gaining 9.87% in a single day but remaining down 45.40% over the past year.

Is Subex technically bullish or bearish?

2025-11-07 08:11:57

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....

Subex Faces Technical Trend Challenges Amidst Mixed Market Indicators and Volatility

2025-11-07 08:03:50

Subex, a microcap software company, has faced significant challenges, with a one-year stock return of -49.78%, contrasting with the Sensex's 3.65%. Technical indicators show mixed performance, with bearish trends prevailing. The stock has experienced notable volatility, with a 52-week high of 27.70 and a low of 10.57.