Subex Ltd.

₹9.33

0.3 (3.9%)

SUBEXLTD Share Price

IT - Software

As on January 28, 2026

SectorInformation Technology

IndustryIT - Software

Basic IndustrySoftware Products

Market Cap₹ 521 Cr

P/E Ratio-16.68

Dividend YieldN/A

Trendline Performance

Unlock Stock of the Month

T&C*

Technicals

Indicators	Value	Signal
5-DMA	9.37	Bearish
10-DMA	9.87	Bearish
20-DMA	10.55	Bearish
50-DMA	11.45	Bearish
100-DMA	12.16	Bearish
200-DMA	12.84	Bearish

Historical Performance

1 Year

-48%

3 Years

-73.8%

5 Years

-65.3%

10 Years

0.3%

Shareholding Pattern

Values Analysis

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Profit & Loss

Below figures are in Rs. Crores

Particulars	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021
Operating Expenses	160	146	139	94	75
Other Income	70	67	97	117	63
Operating Profit	-77	-89	-225	463	1,038
Interest	22	26	26	27	35
Depreciation	141	156	140	99	138
Profit Before Tax	-198	-1,751	-391	337	894
Consolidated Net Profit	-314	-1,917	-512	210	517
Adjusted EPS	-1	-3	-1	---	1

Compounded Sales Growth

10 Years:-4.5

5 Years:-4.8

3 Years:-3

TTM:-1.6

Compounded Profit Growth

10 Years:1.3

5 Years:-34.9

3 Years:-12.3

TTM:-30.3

Stock Price CAGR

10 Years:-0.1

5 Years:-18.9

3 Years:-36

TTM:-48.3

Return on Equity

10 Years:-1.5

5 Years:0.9

3 Years:-0.9

last year:-0.6

Quarterly Results

Below figures are in Rs. Crores

Particulars	Sep-2024	Dec-2024	Mar-2025	Jul-2025	Sep-2025
Sales	1,70,754	1,35,936	1,28,552	1,22,189	1,05,161
Expenses	63,042	56,557	52,457	45,459	34,856
Operating Profit	1,07,712	79,379	76,096	76,730	70,304
OPM %	63%	58%	59%	63%	67%
Other Income	33,912	31,759	27,333	24,879	18,947
Interest	77,780	58,584	59,248	62,137	53,713
Depreciation	2,345	1,681	1,385	1,277	1,221
Profit Before Tax	61,498	50,873	42,796	38,195	34,318
Tax %	25%	25%	26%	29%	35%
Net Profit	46,149	38,151	31,857	27,296	22,446
EPS in Rs	83	69	58	50	42

Balance Sheet

Below figures are in Rs. Crores

Particulars	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021
Share Capital	2,810	2,810	2,810	2,810	2,810
Total Reserves	203	491	2,364	2,800	2,652
Long-Term Borrowings	---	---	---	---	---
Total Non-Current Liabilities	1,041	1,117	1,097	1,000	1,001
Other Current Liabilities	676	703	591	447	640
Short Term Borrowings	---	---	---	---	58
Total Liabilities	5,109	5,511	7,174	7,397	7,462
Capital Work in Progress	---	---	---	---	---
Long Term Loans & Advances	692	692	671	737	577
Currents Investments	155	73	122	116	---
Short Term Loans and Advances	376	371	432	728	637
Total Current Assets	2,157	2,514	2,615	2,966	3,130
Total Assets	5,109	5,511	7,174	7,397	7,462
Adjusted Book Value	5	6	9	10	10

Positive

(80 to 100)

Neutral

(60 to 79)

Negative

(0 to 59)

The stock has a low PE of -16.68, which may indicate undervaluation or subdued growth expectations.
Over the last three years, the stock delivered a weak 3-year price CAGR of -35.4%, indicating poor shareholder returns.
The stock carries a high beta of 1.6, implying higher volatility and elevated risk.
In the last financial year, the company reported a negative or negligible EBITDA of ₹-77 million, indicating weak operating profitability.
In the previous financial year, the company generated revenue of ₹2856 million, suggesting a mid-sized operation.

Investment Calculator

Investment Amount:

₹

Investment Amount: ₹ 1000000

Current Value: ₹ 517184

No. of Shares: 55432 (Approx)

Performance:-48.3%

P/L: ₹-482816

NIFTY Performance: 9.4%

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