Subex Limited share price

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, a…Read more

Website NSE BSE

TechnologySoftware - ApplicationNSE: SUBEXLTDISIN INE754A01055

16 Oct 2026, 3:30 PM IST₹19.00▲ 0.53 (2.87%)

Market Cap₹ 1,054 Cr.
Current Price₹ 19.00
High / Low₹ 23 / 7
Stock P/E35.2
Book Value₹ 6
Dividend Yield0.00 %
ROCE9.2 %
ROE8.80 %
Face Value₹ 5.0

More figures (10)

EPS (TTM)₹ 0.54
Price / Book3.08
OPM5.7 %
Debt / Equity0.08
Sales growth (5Y)-5.6 %
Profit growth (5Y)-11.2 %
Promoter holding1.3 %
EV / EBITDA32.6
Beta0.93
All-time high₹ 790

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
SUBEXLTD	-3.01%	+42.54%	+98.54%	+67.99%	+36.59%	-15.32%	-19.01%
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

Subex Limited is in the Software - Application industry (Technology), with a market value of ₹1,054 crore.
It trades at 35.2 times its last 12 months' earnings and 3.1 times book value.
Revenue grew -5.6% a year over the last 5 years, profit -11.2% a year.
Return on equity was 8.8% and return on capital employed 9.2% in the latest year.
Debt was 0.08 times shareholders' equity.
The share price is 16.7% below its 52-week high and up 36.6% over one year.
Promoters and insiders hold about 1.3%; institutions about 0.6%.

Pros

Company is almost debt-free (debt is 0.08 times equity).

Cons

Return on equity has been low: -15.3% on average over the last 3 years.
Sales growth has been slow: -5.6% a year over the last 5 years.
Profit growth has been weak: -11.2% a year over the last 5 years.
Other income makes up 46% of profit before tax.
The company has not paid a dividend recently.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Subex Limited

Employees: 626
Head office: Bengaluru

TechnologySoftware - Application

S.No.	Company	CMP ₹	P/E	Mar Cap ₹ Cr	Div Yld %	NP Qtr ₹ Cr	Qtr Profit Var %	Sales Qtr ₹ Cr	Qtr Sales Var %	ROCE %	ROE %	P/B	OPM %	Debt / Eq	Prom. Hold. %	Sales ₹ Cr	Sales Var 3Yrs %
1.	Subex	19.00	35.2	1,054	0.00	14	11.01	79	19.65	9.2	8.8	3.08	5.7	0.08	1.29	279	-5.6
2.	63 moons technologies	919.60	—	4,237	0.22	-48	—	137	350.48	-1.0	-0.6	1.19	-146.6	0.00	58.08	212	-9.9
	Median: 2 Co.	469.30	35.2	2,646	0.11	-17	11.01	108	185.07	4.1	4.1	2.13	-70.5	0.04	29.69	245	-7.8

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67	77	82	84	68	74	73	71	66	69	71	73	79
YOY Sales Growth %	-19.18%	3.10%	11.08%	77.28%	1.29%	-3.45%	-11.16%	-15.75%	-2.58%	-7.08%	-2.61%	3.34%	19.65%
	82	81	81	81	74	72	70	84	62	63	62	64	64
Employee Cost %	81%	71%	64%	58%	70%	68%	64%	58%	62%	62%	57%	56%	51%
Other Expenses %	41%	35%	36%	39%	39%	30%	33%	61%	32%	29%	30%	32%	31%
Operating Profit	-15	-5	1	3	-6	2	3	-13	4	6	9	9	15
OPM %	-22%	-6%	1%	4%	-9%	3%	3%	-18%	6%	9%	13%	13%	19%
	1	1	1	3	2	1	1	3	16	2	4	8	5
Exceptional items				-148		4					-5	-0
Interest	1	1	1	1	1	1	1	1	1	1	1	1	1
Depreciation	4	4	4	4	4	4	3	3	4	3	2	3	3
Profit before tax	-18	-8	-2	-147	-8	3	-0	-14	15	4	6	13	16
						79%			13%	32%	49%	22%	14%
Current tax	2	2	2	3	3	2	3	2	2	1	3	0	0
Deferred tax	-0	1	0	7	0	0	0	1	0	-0		3	2
	-19	-11	-5	-157	-11	1	-3	-18	13	3	3	10	14
Profit to shareholders						1
YOY Profit Growth %	-448.01%									361.29%			11.01%
EPS in Rs	-0.35	-0.20	-0.09	-2.83	-0.20	0.01	-0.06	-0.32	0.23	0.05	0.05	0.18	0.26
Raw filing

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	65	67	72	65	65	68	69	66	63	64	65	65	73
YOY Sales Growth %	-18.28%	-10.16%	2.86%	31.45%	0.11%	2.42%	-4.32%	1.89%	-3.72%	-7.26%	-5.27%	-2.58%	16.34%
	80	78	77	70	77	73	73	83	66	64	64	37	63
Employee Cost %	46%	45%	41%	42%	45%	42%	42%	40%	45%	43%	41%	43%	36%
Other Expenses %	76%	72%	66%	65%	74%	65%	63%	86%	60%	57%	57%	15%	51%
Operating Profit	-15	-11	-5	-5	-12	-5	-4	-17	-3	-0	1	28	9
OPM %	-23%	-17%	-7%	-7%	-18%	-7%	-5%	-26%	-5%	-1%	2%	43%	13%
	1	0	0	0	1	0	0	1	15	1	3	12	3
Exceptional items				-148		4					-4	-29
Interest	1	1	1	1	1	1	0	0	1	1	1	1	1
Depreciation	3	4	3	3	3	3	3	3	4	3	3	3	2
Profit before tax	-18	-15	-8	-156	-15	-4	-7	-20	8	-3	-3	7	9
									9%			13%	10%
Current tax	1	1	1	1	1	1	0	0	1	1	1	1
Deferred tax				11				1					1
	-19	-16	-10	-169	-16	-5	-7	-22	7	-3	-3	6	9
YOY Profit Growth %	-4,193.48%												24.45%
EPS in Rs	-0.34	-0.29	-0.18	-3.05	-0.29	-0.08	-0.13	-0.40	0.12	-0.06	-0.06	0.11	0.15
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	372	333	279	310	286	279	292
YOY Sales Growth %		-10.37%	-16.42%	11.13%	-7.78%	-2.29%
	274	298	309	325	300	253	253
Employee Cost %	53%	64%	72%	67%	65%	59%	56%
Other Expenses %	21%	25%	39%	38%	40%	32%	30%
Operating Profit	99	35	-31	-16	-15	26	39
OPM %	26%	11%	-11%	-5%	-5%	9%	14%
	5	10	8	7	7	32	18
Exceptional items	3			-148	4	-5	-5
Interest	3	2	3	3	2	3	3
Depreciation	14	10	14	16	14	12	11
Profit before tax	89	34	-39	-175	-20	37	39
	42%	38%				24%	24%
Current tax	11	8	17	8	10	1
Deferred tax	27	4	-5	8	2	8
	52	21	-51	-192	-31	29	30
YOY Profit Growth %		-59.42%	-343.97%
EPS in Rs	0.96	0.38	-0.93	-3.47	-0.57	0.51	0.54

Compounded Sales Growth

5 Years:: -6%
3 Years:: 0%
TTM:: 3%

Compounded Profit Growth

5 Years:: -11%

Stock Price CAGR

5 Years:: -19%
3 Years:: -15%
1 Year:: 37%

Return on Equity

4 Years:: -14%
Last Year:: 9%

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	29	68	274	269	269	256	266
YOY Sales Growth %		134.43%	300.12%	-1.65%	-0.07%	-4.74%
	24	71	339	305	306	231	228
Employee Cost %	47%	63%	45%	44%	42%	43%	40%
Other Expenses %	36%	41%	79%	69%	72%	47%	45%
Operating Profit	5	-3	-65	-36	-38	25	38
OPM %	17%	-4%	-24%	-13%	-14%	10%	14%
	26	0	2	2	2	31	19
Exceptional items	-2			-148	4	-33	-33
Interest	0	0	2	2	2	3	3
Depreciation	2	2	12	14	13	12	10
Profit before tax	27	-4	-77	-198	-46	9	11
	1%					36%	29%
Current tax	0	1	3	4	3	3
Deferred tax		-1	-11	11	1
	26	-4	-69	-213	-50	6	8
YOY Profit Growth %		-117.05%
EPS in Rs	0.49	-0.08	-1.25	-3.86	-0.90	0.11	0.14

Compounded Sales Growth

5 Years:: 54%
3 Years:: -2%
TTM:: 0%

Compounded Profit Growth

5 Years:: -26%

Stock Price CAGR

5 Years:: -19%
3 Years:: -15%
1 Year:: 37%

Return on Equity

4 Years:: -14%
Last Year:: 9%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	281	281	281	281
Reserves	241	53	23	62
Borrowings	33	28	19	28
	148	168	163	181
Trade payables	13	24	21	25
Current liabilities	86	105	97	109
Total Liabilities	704	530	487	552
	41	32	21	32
Gross block	84	89	66	64
Accumulated depreciation	43	57	46	32
Goodwill & intangibles	344	196	196	196
	662	498	466	520
Trade receivables	90	102	78	94
Cash & equivalents	52	69	51	82
Current assets	261	250	215	288
Total Assets	704	530	487	552

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	9	-8	10	72
Profit for the year	-51	-192	-31	29
Working capital changes	22	10	7	13
Direct taxes paid	-4	-14	-9	33
	-38	35	-16	-33
Fixed assets purchased	-5	-3	-2	-4
Fixed assets sold	0	0	0
Investments purchased	-35		-128	-172
Investments sold	0	33	112	139
	-7	-9	-12	-9
Interest paid	-2	-2	-2	-3
Dividends paid		-0
Net Cash Flow	-35	17	-19	30
Free Cash Flow	4	-11	7	68

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	—	-9.8%	-44.8%	-9.9%	8.8%
ROCE	—	-6.0%	-40.6%	-4.6%	9.2%
Operating margin	—	-9.4%	-6.7%	-2.2%	5.7%
Net margin	—	-18.4%	-61.9%	-11.0%	10.2%
Debt / equity	—	0.06	0.08	0.06	0.08
Current ratio	—	3.05	2.39	2.22	2.64

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities).

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

FIIs 1.08%
Public 97.64%

%	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	1.30%	1.23%	1.08%	1.05%	1.03%	1.74%	0.77%	0.77%	0.92%	1.10%	0.59%	1.08%
Foreign portfolio investors (Cat. I)	1.30%	1.21%	1.06%	1.04%	1.00%	1.41%	0.75%	0.73%	0.89%	1.06%	0.56%	0.60%
Foreign portfolio investors (Cat. II)		0.02%	0.02%	0.02%	0.02%	0.33%	0.02%	0.04%	0.04%	0.04%	0.04%	0.48%
	0.12%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%
Mutual funds	0.11%
Insurance companies	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	97.04%	97.38%	97.53%	97.55%	97.58%	96.86%	97.94%	97.94%	97.79%	97.61%	98.13%	97.64%
Retail (up to ₹2 lakh)	48.06%	57.27%	59.30%	59.01%	59.72%	59.14%	60.35%	60.04%	59.74%	59.49%	58.93%	57.33%
HNIs (above ₹2 lakh)	29.46%	26.04%	25.59%	26.26%	25.81%	26.13%	26.21%	26.92%	27.37%	27.65%	28.70%	29.50%
NRIs	2.23%	2.35%	2.33%	2.25%	2.27%	2.14%	2.15%	2.12%	2.17%	2.24%	2.33%	2.31%
Bodies corporate	12.90%	6.46%	5.01%	4.92%	4.55%	3.99%	3.67%	3.48%	3.22%	3.01%	3.21%	3.57%
No. of Shareholders	3,36,665	3,81,330	3,75,646	3,69,636	3,66,336	3,62,141	3,59,607	3,52,541	3,45,863	3,38,483	3,33,893	3,36,980

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 1 Jul 2021
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Latest news

In the news

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Subex Limited

What is the share price of Subex Limited today?

Subex Limited (SUBEXLTD) last traded at ₹19.00 on NSE (16 Oct 2026, 3:30 PM IST). Prices may be delayed.

What is the market cap of Subex Limited?

About ₹1,054 crore at the latest price.

What is the P/E ratio of Subex Limited?

About 35.2 times its earnings over the last 12 months.

Is Subex Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy Subex Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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Subex Limited share price

Price chart

Quick take

Pros

Cons

AI analysis

About Subex Limited

Peer comparison

Quarterly Results

Profit & Loss

Projection — your assumptions

Related party transactions

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings

Concalls & investor meets

Key dates

Trade with our broking desk

Latest news

In the news

From the company (NSE)

Questions about Subex Limited

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