SUBEXLTD · NSE
Subex Limited
₹20.11
+1.06% (+₹0.21)
Prev. close
₹19.9
Volume
88,41,874
Delivery %
23.2%
As of
18 Sept 2026
Price history
No analyst calls on this stock in the last 90 days yet.
Explore by date range →Analyst opinions
Fundamentals
About Subex Limited
Subex Limited engages in the provision of operations and business support systems to communication service providers (CSPs) worldwide. It offers fraud management solutions that address fraud across various services, including bypass, handset, international revenue share fraud, robocalling, and SMS fraud solutions, as well as scam and spam calls. It also provides a signaling risk intelligence solution, which detects and prevents various protocol attacks at the signaling layer in real-time; business assurance, an active risk intelligence solution that assures revenues for business models comprising margin, asset and inventory, digital partner, enterprise 5G, IoT, digital profile, migration, and direct carrier billing assurance; and enterprise billing solution that include subscription management, billing and revenue management, configure, price and quote, service delivery platform, multi-level channel management, and customer relationship management services. In addition, the company offers partner ecosystem management that consists of partner and contract lifecycle management, digital services and roaming billing, and wholesale billing and routing services; and enterprise asset management solutions comprising network analytics, network asset management, and data integrity management. Further, it provides managed and business consulting services. Subex Limited was founded in 1992 and is based in Bengaluru, India.
Details
Sector
Technology
Industry
Software - Application
CEO
Ms. Nisha Dutt
Headquarters
Bengaluru
Employees
626
Website
subex.comExchange
View on NSE ↗Key stats
Market cap
₹1,115.81 Cr
P/E ratio (TTM)
37.2
EPS (TTM)
₹0.54
Beta (1Y · daily vs NIFTY 50)
1.60
Beta (5Y · monthly vs NIFTY 50)
1.52
Shares float
54.76 Cr
EPS · quarter ended Jun 2026
₹0.26
Financial Performance
01 · Financials
FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹372.03 Cr | ₹333.44 Cr | ₹278.69 Cr | ₹309.72 Cr | ₹285.61 Cr | ₹279.06 Cr | |
| EBITDA | ₹106.11 Cr | ₹45.51 Cr | ₹-22.49 Cr | ₹-156.88 Cr | ₹-3.48 Cr | ₹52.84 Cr |
| ₹51.72 Cr | ₹20.99 Cr | ₹-51.21 Cr | ₹-191.73 Cr | ₹-31.44 Cr | ₹28.53 Cr | |
| Diluted EPS | ₹0.94 | ₹0.38 | ₹-0.93 | ₹-3.47 | ₹-0.57 | ₹0.51 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹726.66 Cr | ₹720.08 Cr | ₹703.62 Cr | ₹529.72 Cr | ₹486.96 Cr | ₹551.90 Cr | |
| ₹25.79 Cr | ₹14.68 Cr | ₹33.39 Cr | ₹28.16 Cr | ₹19.38 Cr | ₹28.27 Cr | |
| Stockholders' equity | ₹548.55 Cr | ₹563.67 Cr | ₹521.84 Cr | ₹333.51 Cr | ₹304.48 Cr | ₹342.81 Cr |
Current assets, Receivables (trade + unbilled), Trade receivables, Unbilled receivables (contract assets), Non-current assets, CWIP, Others, Long-term debt, Current (short-term) debt have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated. Inventory shows ₹0 for 2023-03-31, 2024-03-31, 2025-03-31, 2026-03-31 — a real filed figure, not a gap: positively consistent with a filer that holds no physical inventory (typical for lenders and other financial-services companies). 2021-03-31, 2022-03-31 have no Inventory figure at all reaching this deck yet — not verified as zero, not verified as positive — so they are left blank rather than assumed to match the filed zero.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹90.95 Cr | ₹-8.76 Cr | ₹9.25 Cr | ₹-8.28 Cr | ₹9.50 Cr | ₹71.51 Cr | |
| Investing cash flow | ₹-7.22 Cr | ₹-35.34 Cr | ₹-37.81 Cr | ₹34.62 Cr | ₹-16.44 Cr | ₹-32.78 Cr |
| ₹-32.07 Cr | ₹-14.66 Cr | ₹-6.51 Cr | ₹-9.34 Cr | ₹-12.05 Cr | ₹-8.73 Cr | |
| Capital expenditure | ₹-8.62 Cr | ₹-5.40 Cr | ₹-4.93 Cr | ₹-2.73 Cr | ₹-2.41 Cr | ₹-3.97 Cr |
| End cash position | ₹142.94 Cr | ₹85.39 Cr | ₹52.38 Cr | ₹69.23 Cr | ₹50.64 Cr | ₹82.18 Cr |
Debt issued has filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21 | Dec 21 | Mar 22 | Jun 22 | Sep 22 | Dec 22 | Mar 23 | Jun 23 | Sep 23 | Dec 23 | Mar 24–Mar 25(5Q) | Jun 25–Jun 26(5Q) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 97.23% | 97.36% | 97.64% | 97.84% | 97.86% | 97.97% | 98.02% | 98.21% | 98.44% | 98.47% | 98.62% | 98.73% |
| Employee trusts | 2.77% | 2.64% | 2.36% | 2.16% | 2.14% | 2.03% | 1.98% | 1.79% | 1.56% | 1.53% | 1.38% | 1.27% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Technology
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Tata Consultancy Services Limited | ₹7.92 L Cr | ₹2,105 | 15.9 | 7.39 | 45.9% | 0.11 | +4.6% | -33.7% |
| Infosys Limited | ₹4.20 L Cr | ₹1,037.7 | 13.5 | — | 33.9% | 0.10 | +4.6% | -31.2% |
| HCL Technologies Limited | ₹3.40 L Cr | ₹1,249.3 | 19.5 | 4.53 | 22.1% | 0.07 | +11.2% | -16.4% |
| Wipro Limited | ₹1.65 L Cr | ₹166.4 | 13.5 | 1.86 | 14.9% | 0.23 | +4.0% | -34.5% |
| Tech Mahindra Limited | ₹1.38 L Cr | ₹1,537.1 | 27.0 | 4.67 | 16.2% | 0.07 | +7.2% | -0.9% |
| LTM Limited | ₹1.26 L Cr | ₹4,275.1 | 24.2 | 5.26 | 20.9% | 0.10 | +11.3% | — |
| One 97 Communications Limited | ₹1.13 L Cr | ₹1,849.9 | 175.9 | 7.05 | 3.5% | 0.01 | +21.5% | +50.5% |
| LG Electronics India Limited | ₹1.11 L Cr | ₹1,652.9 | 60.6 | 14.42 | 22.0% | 0.06 | +1.3% | — |
| Oracle Financial Services Software Limited | ₹1.01 L Cr | ₹11,896 | 29.7 | 12.93 | 33.7% | 0.00 | +12.1% | +29.7% |
| Persistent Systems Limited | ₹85,505.25 Cr | ₹5,416 | 44.7 | 10.91 | 23.8% | 0.06 | +23.5% | -2.7% |
| Dixon Technologies (India) Limited | ₹80,805.72 Cr | ₹13,005 | 43.3 | 17.28 | 30.8% | 0.21 | +25.8% | -29.1% |
| Subex Limited | ₹1,086.96 Cr | ₹19.9 | 36.3 | 3.17 | 8.3% | 0.08 | -2.3% | +54.1% |
Ranked by market cap within Technology, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 21
Concall transcripts
Show all 12
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
1 index
Weight is BSE’s own published index weight. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
Subex SUBEXLTD ESOP Scheme 2026 Postal Ballot Results
Subex Limited shareholders approved all four resolutions in a postal ballot, including the creation of the Subex Employees Stock Option Scheme 2026. The approval allows the company's employee welfare trust to acquire shares from the secondary market and receive a loan for these purchases. This mechanism avoids immediate share dilution but could lead to future dilution when options are exercised.
Subex Ltd. Share Price rises 11.24%: valuation and sector
Subex Ltd. shares rose 11.24% to Rs 18.61, with a market capitalization of Rs 972.27 crore. The stock's movement was primarily driven by price action rather than a specific company announcement. Subex's P/E ratio of 31.4x is above the IT sector median.