Subex

Why is Subex Ltd falling/rising?

As of 02-Sep, Subex Ltd's stock price is at 17.60, down 1.68%, with a recent decline of 5.3% over two days despite strong monthly and yearly gains. The stock shows short-term weakness as it is below the 5-day moving average, although increased investor participation suggests some interest.

As of 02-Sep, Subex Ltd's stock price is falling, currently at 17.60, reflecting a decrease of 0.3 or 1.68%. The stock has underperformed its sector by 0.98% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 5.3% during this period. Despite a strong performance over the past month with a gain of 42.63% and a year-to-date increase of 55.75%, the recent trend indicates a downturn. <BR><BR>Additionally, while the stock's price is above the 20-day, 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day moving average, suggesting a short-term weakness. However, there has been a rise in investor participation, with delivery volume increasing by 37.21% compared to the 5-day average, indicating some interest despite the falling price. Overall, the combination of recent underperformance, consecutive declines, and the current price action contributes to the stock's falling trend.

Which are the latest news on Subex?

Who are in the management team of Subex?

The management team of Subex includes Chairman Anil Singhvi, Managing Director & CEO Vinod Kumar Padmanabhan, and other key members such as Nisha Dutt, Poornima K Prabhu, G V Krishnakanth, George Zacharias, and Shiva Shankar Naga Roddam. They are responsible for guiding the company's strategic direction and operations.

The management team of Subex includes the following key individuals:<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 plays a crucial role in guiding the company's strategic direction and operations.

What does Subex do?

Subex Ltd is a telecom AI solutions provider in the Software Products industry, with a market cap of INR 1,004 Cr and reported net sales of 79 Cr and net profit of 14 Cr for June 2026. The company has a P/E ratio of 32.00 and a return on equity of 9.03%.

Overview:<BR>Subex Ltd is a telecom AI solutions provider operating in the Software Products industry within the Micro Cap market-cap bracket.<BR><BR>History:<BR>Subex Ltd was initially incorporated in 1994 as 'Subex Systems Limited', later changing its name to Subex Azure Limited in June 2006, and then to Subex Limited in December 2007. The latest quarterly results reported net sales and net profit for June 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 79 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: 14 Cr (Quarterly Results - Jun 2026)<BR>- Market Cap: INR 1,004 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 32.00<BR>- Industry P/E: 22<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -0.28<BR>- Return on Equity: 9.03%<BR>- Price to Book: 2.98<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

Who are the peers of the Subex?

Subex's peers include Moschip Tech, Technvision Ven, Ramco Systems, Nucleus Soft, Blue Cloud Soft, Unicommerce, Quick Heal Tech, IRIS Regtech Sol, and ABM Knowledge. In terms of performance, Ramco Systems leads with a 1-year return of 36.35%, while Quick Heal Tech has the lowest at -52.52%, with Subex achieving a 1-year return of 47.53%.

Peers: The peers of Subex are Moschip Tech., Technvision Ven., Ramco Systems, Nucleus Soft., Blue Cloud Soft., Unicommerce, Quick Heal Tech, IRIS Regtech Sol, and ABM Knowledge.<BR><BR>Quality Snapshot: Excellent management risk is observed at Unicommerce and Nucleus Soft., while Average management risk is found at Technvision Ven., Quick Heal Tech, IRIS Regtech Sol, and ABM Knowledge. Below Average management risk is noted at Moschip Tech. and Ramco Systems. For growth, Excellent growth is seen at Moschip Tech. and Blue Cloud Soft., while Average growth is found at Technvision Ven. and Unicommerce. Below Average growth is noted at Ramco Systems, Nucleus Soft., Quick Heal Tech, IRIS Regtech Sol, and ABM Knowledge. In terms of capital structure, Excellent capital structure is observed at Technvision Ven., Nucleus Soft., Unicommerce, and IRIS Regtech Sol, while Good capital structure is noted at Subex and Moschip Tech., and Average capital structure is found at Blue Cloud Soft.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Ramco Systems at 36.35%, while Quick Heal Tech has the lowest at -52.52%. Subex's own 1-year return is 47.53%, which is significantly higher than Quick Heal Tech's. Additionally, the six-month return is negative for Unicommerce, Quick Heal Tech, and ABM Knowledge.

How big is Subex?

As of 31st August, Subex Ltd has a market capitalization of 1,004.00 Cr, classifying it as a Micro Cap company, with recent Net Sales of 292.11 Cr and a Net Profit of 29.94 Cr. The company reported Shareholder's Funds of 342.81 Cr and Total Assets of 551.89 Cr for the latest annual period ending in March 2026.

As of 31st August, Subex Ltd has a market capitalization of 1,004.00 Cr, which classifies it as a Micro Cap company.<BR><BR>In the latest four quarters, Subex reported Net Sales of 292.11 Cr and a Net Profit of 29.94 Cr.<BR><BR>For the latest annual period ending in March 2026, the company had Shareholder's Funds amounting to 342.81 Cr and Total Assets of 551.89 Cr.

Should I buy, sell or hold Subex Ltd?

Are Subex Ltd latest results good or bad?

Subex Ltd's latest results show a significant net profit increase of 238.91% in Q4 FY26, but concerns remain due to a slight decline in operating margin and a negative return on equity of -1.61%, indicating ongoing challenges in profitability and efficiency. Investors should be cautious given these mixed signals.

Subex Ltd's latest results present a mixed picture. On the positive side, the company reported a significant increase in net profit for Q4 FY26, reaching ₹9.93 crores, which is a remarkable 238.91% increase quarter-on-quarter. Revenue also saw a modest rise of 3.07% from the previous quarter, totaling ₹72.96 crores, marking the highest quarterly sales in the trailing twelve-month period.<BR><BR>However, there are several concerning factors that overshadow these gains. The operating margin decreased slightly to 12.55%, indicating a plateau in operational efficiency. More critically, the company's return on equity (ROE) remains negative at -1.61%, reflecting ongoing challenges in generating adequate returns for shareholders. The profit for the quarter was heavily influenced by exceptional non-operating income of ₹7.51 crores, which raises questions about the sustainability of the core business performance.<BR><BR>Overall, while the quarterly results show some improvement, the underlying issues related to profitability and capital efficiency suggest that the company still faces significant long-term challenges. Investors should approach with caution, considering both the positive quarterly performance and the structural weaknesses that persist.

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.

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.

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 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.

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.

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.