Subex Limited (IN:SUBEXLTD)
:SUBEXLTD
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Subex Limited
(SUBEXLTD)
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Rating:49Neutral
Price Target:
₹9.50
▼(-16.89% Downside)
Action:ReiteratedDate:04/16/26
The score is held back primarily by weak profitability and inconsistent cash generation, alongside a demanding valuation (high P/E and no dividend yield provided). Technicals provide some support due to improving near-term momentum, but the longer-term trend remains weaker versus the 100/200-day averages.
Positive Factors
Balance sheet strength
A strong equity base and low reported leverage provide lasting financial flexibility: they allow the firm to fund product R&D, absorb cyclical telecom spending shocks, and pursue multi-year customer deployments without immediate refinancing pressure.
Negative Factors
Weak profitability
Negative net and EBITDA margins indicate structural cost or pricing pressure versus peers. Persisting operating losses erode retained earnings, limit internal funding for growth initiatives, and risk long-term competitiveness if margins aren't restored.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
A strong equity base and low reported leverage provide lasting financial flexibility: they allow the firm to fund product R&D, absorb cyclical telecom spending shocks, and pursue multi-year customer deployments without immediate refinancing pressure.
Read all positive factors
Subex Limited (SUBEXLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.37B
Dividend YieldN/A
Average Volume (3M)264.43K
Price to Earnings (P/E)56.5
Beta (1Y)1.98
Revenue Growth-7.40%
EPS GrowthN/A
CountryIN
Employees828
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.05
Shares Outstanding562,002,900
10 Day Avg. Volume427,974
30 Day Avg. Volume264,433
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)2.31
Price to Sales (P/S)2.46
P/FCF Ratio95.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Subex Limited Business Overview & Revenue Model
Company Description
Subex Limited provides operations and business support systems to communication service providers (CSPs) worldwide. The company offers Fraud Management, a solution to address frauds across voice, data and digital services; Network Security, a suit...
How the Company Makes Money
Subex primarily makes money by selling and supporting enterprise software and services to telecom operators and related customers. Key revenue streams generally include: (1) software licensing/subscription fees for its fraud management, revenue as...
Subex Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.79B | 2.86B | 3.10B | 2.79B | 3.31B | 3.72B |
| Gross Profit | 1.32B | 567.40M | 768.80M | 780.00M | 1.04B | 1.28B |
| EBITDA | 208.70M | -35.20M | -1.57B | -220.70M | 461.30M | 1.07B |
| Net Income | -51.80M | -314.40M | -1.92B | -512.10M | 209.90M | 517.20M |
Balance Sheet | ||||||
| Total Assets | 5.17B | 4.87B | 5.30B | 7.04B | 7.20B | 7.27B |
| Cash, Cash Equivalents and Short-Term Investments | 1.35B | 938.40M | 1.04B | 1.20B | 1.18B | 1.43B |
| Total Debt | 297.00M | 193.80M | 281.60M | 333.90M | 146.80M | 257.90M |
| Total Liabilities | 1.95B | 1.82B | 1.96B | 1.82B | 1.56B | 1.78B |
| Stockholders Equity | 3.23B | 3.04B | 3.34B | 5.22B | 5.64B | 5.49B |
Cash Flow | ||||||
| Free Cash Flow | 295.50M | 73.40M | -110.10M | 43.20M | -141.60M | 823.30M |
| Operating Cash Flow | 328.50M | 97.50M | -82.80M | 92.50M | -87.60M | 909.50M |
| Investing Cash Flow | 234.60M | -149.70M | 331.50M | -378.10M | -353.40M | -72.20M |
| Financing Cash Flow | -40.40M | -120.50M | -93.40M | -65.10M | -128.80M | -320.70M |
Subex Limited Technical Analysis
Neutral
11.43
Price Trends
8.98
Positive
10.14
Negative
11.68
Negative
Market Momentum
0.17
Negative
65.45
Neutral
94.36
Negative
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 11.43 is above the 20-day moving average (MA) of 8.24, above the 50-day MA of 8.98, and below the 200-day MA of 11.68, indicating a neutral trend. The MACD of 0.17 indicates Negative momentum. The RSI at 65.45 is Neutral, neither overbought nor oversold. The STOCH value of 94.36 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SUBEXLTD.
Subex Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹17.34B | 25.81 | ― | 0.13% | 30.09% | 129.09% | |
72 Outperform | ₹6.55B | 17.41 | ― | 0.96% | 16.04% | -36.58% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | ₹3.31B | 4.73 | ― | ― | 24.01% | 91.47% | |
53 Neutral | ₹3.50B | -131.12 | ― | ― | 1.18% | -2283.56% | |
49 Neutral | ₹5.37B | 56.55 | ― | ― | -7.40% | ― | |
38 Underperform | ₹4.07B | -11.22 | ― | ― | -21.40% | -3.97% |
* Technology Sector Average
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Subex Limited Corporate Events
Subex Shareholders Approve Appointment of Two Independent Directors via Postal Ballot
Mar 20, 2026
Subex Limited has secured shareholder approval via postal ballot for the appointment of two new independent directors to its board, strengthening its corporate governance framework. Shareholders approved the appointment of Venkata Erinti Narayana ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.