Subex Limited (SUBEXLTD) AI Stock Analysis

• Market Cap: ₹7.15B
• Dividend Yield: N/A
• Average Volume (3M): 158.01K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.77
• Revenue Growth: -8.61%
• EPS Growth: 95.89%
• Country: IN
• Employees: 828
• Sector: Technology
• Sector Strength: 97
• Industry: Software - Application
• EPS (TTM): 0.23
• Shares Outstanding: 562,002,900
• 10 Day Avg. Volume: 151,498
• 30 Day Avg. Volume: 158,012
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹14.00
• Price Target Upside: 4.87% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 49 Neutral
• Price Target: ₹14.00 ▲(4.87% Upside)

Subex Limited faces significant challenges with a mixed financial performance and a negative valuation profile. Despite a strong equity position, the company's profitability, cash flow inconsistency, and technical indicators suggest caution. The absence of dividend yield and a negative P/E ratio are major concerns, impacting the stock's attractiveness.

Subex Limited Business Overview & Revenue Model

Company Description

Subex Limited is a global provider of business and operations support systems, primarily serving the telecommunications industry. Established in Bengaluru, India, the company specializes in providing solutions for fraud management, revenue assurance, network analytics, and digital trust. Subex's core products and services include analytics-driven solutions that help telecom operators maximize revenue, optimize costs, and enhance operational efficiency.

How the Company Makes Money

Subex Limited generates revenue through the sale of software products and services targeted at telecommunications companies. The company's key revenue streams include licensing fees for its software solutions, subscription-based models for its cloud services, and professional services such as consulting and implementation. Additionally, Subex partners with telecom operators and other stakeholders to offer comprehensive solutions that address challenges like revenue leakages and network inefficiencies, which further contribute to its earnings. The company's robust portfolio of digital trust solutions also plays a significant role in its revenue generation by helping telecom operators safeguard their operations and enhance customer trust.

Subex Limited Financial Statement Overview

Summary

Subex Limited shows a strong equity position but has challenges in profitability and cash flow stability. Negative net margins and inconsistent cash flow metrics indicate ongoing difficulties, despite manageable debt levels.

Income Statement

Subex Limited has experienced volatility in its revenue and profitability. The revenue growth rate shows fluctuations, with a notable decline in recent years. The company reported a negative net profit margin in the latest period, indicating ongoing challenges in achieving profitability. Despite a positive gross profit margin, the EBITDA margin was negative, reflecting operational inefficiencies.

Balance Sheet

The balance sheet shows a strong equity position, with a healthy equity ratio. However, the company has faced a declining return on equity due to negative net income. The debt-to-equity ratio remains low, suggesting manageable leverage levels, which is a positive aspect.

Cash Flow

Cash flow has been inconsistent, with fluctuations in operating cash flow and free cash flow over the years. The company achieved a positive free cash flow in the latest period, but the operating cash flow to net income ratio indicates challenges in converting income to cash, partly due to negative net income.

Breakdown	Mar 2025	Mar 2024	Mar 2022	Mar 2023	Mar 2021
Income Statement
Total Revenue	2.86B	3.10B	3.31B	2.79B	3.70B
Gross Profit	2.86B	768.80M	1.04B	780.00M	1.56B
EBITDA	-146.90M	-1.57B	461.30M	-220.70M	1.07B
Net Income	-314.40M	-1.92B	209.90M	-512.10M	517.20M
Balance Sheet
Total Assets	4.87B	5.30B	7.20B	7.04B	7.27B
Cash, Cash Equivalents and Short-Term Investments	938.40M	1.04B	1.18B	1.62B	1.43B
Total Debt	193.80M	281.60M	146.80M	333.90M	257.90M
Total Liabilities	1.82B	1.96B	1.56B	1.82B	1.78B
Stockholders Equity	3.04B	3.34B	5.64B	5.22B	5.49B
Cash Flow
Free Cash Flow	73.40M	-110.10M	-141.60M	43.20M	823.30M
Operating Cash Flow	97.50M	-82.80M	-87.60M	92.50M	909.50M
Investing Cash Flow	-149.70M	331.50M	-353.40M	-378.10M	-72.20M
Financing Cash Flow	-120.50M	-93.40M	-146.60M	-65.10M	-320.70M

Subex Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 13.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SUBEXLTD, the sentiment is Neutral. The current price of 13.35 is above the 20-day moving average (MA) of 13.25, below the 50-day MA of 14.02, and below the 200-day MA of 16.89, indicating a neutral trend. The MACD of -0.39 indicates Positive momentum. The RSI at 50.40 is Neutral, neither overbought nor oversold. The STOCH value of 50.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SUBEXLTD.

Subex Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INFOBEAN	75 Outperform	₹14.10B	26.47		0.16%	9.57%	99.67%
INSPIRISYS	69 Neutral	₹4.16B	11.76		―	-27.51%	278.69%
ADSL	67 Neutral	₹9.22B	25.66		0.92%	21.48%	-26.29%
Sector *	61 Neutral	$36.32B	7.12	-7.26%	1.97%	7.79%	-9.36%
SUBEXLTD	49 Neutral	₹7.15B	―		―	-8.61%	95.89%
HCL.INSYS	41 Neutral	₹4.75B	―		―	-14.71%	-52.55%

Subex Limited Corporate Events

Subex Limited Releases Q1 2025 Earnings Call Recording

Subex Limited announced that the audio recording of its earnings call for the quarter ended March 31, 2025, is now available on the company’s website. This announcement is part of the company’s compliance with regulatory requirements and provides stakeholders with insights into the company’s financial performance and strategic direction.