
Subex is trading down 0.45% at ₹10.97. With a market cap of ₹656.42 Cr, it trades at a P/E of 22.45. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
Subex is trading down 0.45% at ₹10.97. With a market cap of ₹656.42 Cr, it trades at a P/E of 22.45. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
Twelve years of multiples investors have paid for Subex Limited, framed against the sector median so the premium or discount is obvious at a glance.
Subex Limited trades at a P/E of 22.45× and P/B of 1.88×.
Auto-detected classical chart patterns for Subex Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Twelve years of audited numbers for Subex Limited, switchable between annual and quarterly views, consolidated or standalone.
Subex Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹656.42 Cr and reported EPS of ₹-0.10.
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 348 | 365 | 372 | 333 | 279 | 310 | 286 | 279 |
| Other Income | 1 | 6 | 5 | 10 | 8 | 7 | 7 | 32 |
| Total Income | 349 | 371 | 377 | 344 | 287 | 316 | 293 | 311 |
| Gross Profit | 348 | 365 | 372 | 333 | 279 | 310 | 286 | 279 |
| +Operating Expenses | 295 | 270 | 274 | 298 | 309 | 325 | 300 | 253 |
| EBITDA | 53 | 95 | 99 | 35 | -31 | -16 | -15 | 26 |
| +Non-Operating Expenses | 7 | -297 | 20 | 12 | 17 | -130 | 21 | 11 |
| Profit Before Tax (PBT) | 47 | -238 | 89 | 34 | -39 | -175 | -20 | 37 |
| +Tax Expense | 22 | 31 | 38 | 13 | 12 | 17 | 12 | 9 |
| Total Profit for Period | 25 | -269 | 52 | 21 | -51 | -192 | -31 | 29 |
| Net Profit (Owner's PAT) | 25 | -269 | 52 | 21 | -51 | -192 | -31 | 29 |
| Earnings Per Share (EPS) | 0.45 | -4.79 | 0.92 | 0.37 | -0.91 | -3.41 | -0.56 | 0.51 |
| Diluted Shares Outstanding (Nos.) | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 |
| +Additional Disclosures | 298 | 290 | 297 | 312 | 332 | 344 | 318 | 278 |
| Sales Growth % | — | 4.84 | 1.93 | -10.37 | -16.42 | 11.13 | -7.78 | -2.29 |
| YoY Sales Growth % | — | 4.84 | 1.93 | -10.37 | -16.42 | 11.13 | -7.78 | -2.29 |
| Employee Cost % | 55 | 48 | 53 | 64 | 72 | 67 | 65 | 59 |
| Other Cost % | 30 | 26 | 21 | 25 | 39 | 38 | 40 | 32 |
| OPM % | 15 | 26 | 26 | 11 | -11 | -5 | -5 | 9 |
| Tax % | 46 | -13 | 42 | 38 | -31 | -9 | -59 | 24 |
| Profit Growth % | — | -1,167.21 | 119.22 | -59.42 | -343.97 | -274.40 | 83.60 | 190.74 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 | 0.00 |
| +Additional Fields | 48 | 80 | 85 | 25 | -45 | -31 | -29 | 14 |
Disclosed business segments at Subex with their share of revenue and profit, switchable between consolidated and standalone reporting.
Subex discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Our AI distills the core fundamental drivers supporting Subex Limited, the risks that threaten it, and the exact valuation or growth triggers that should make you re-evaluate.
Subex Limited's investment case rests on 7 positive markers and 9 flagged concerns drawn from the latest reported filings.
Low debt-to-equity ratio of 0.06 indicates healthy financial structure.
Quarterly profit (PAT) surged 214.00% to 12.8 Cr.
Operates in dynamic Software Products industry within resilient Information Technology sector.
Global digital transformation drives increasing demand for software products.
Expanding into developing economies with growing IT infrastructure offers revenue streams.
Negative profitability with ROE -11.30% and ROCE -6.44%.
Zero promoter holding (0.00%) raises significant governance and commitment concerns.
Negative operating profit margin (-5.27%) shows core business unprofitability.
Sustained negative 5-year revenue growth (-4.79%) indicates declining market share.
High stock beta (2.2486) implies significantly elevated market volatility.
Trim if P/E re-rates above 29. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Subex Limited is highlighted for quick read-across.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Subex Limited — derived from the live tape, not yesterday's close.
Subex Limited last traded at ₹10.97 with an intraday range of ₹10.9–₹11.75 — live indicator, pivot and CPR signals below.
Standard pivot — most widely referenced.
| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 13.21 | +2.24 | +20.45% |
| R3 | 12.36 | +1.39 | +12.70% |
| R2 | 12.06 | +1.09 | +9.91% |
| R1 | 11.51 | +0.54 | +4.95% |
| PIVOT | 11.21 | 0.24 | 2.16% |
| CURRENT | 10.97 | — | — |
| S1 | 8.96 | -2.01 | -18.29% |
| S2 | 9.81 | -1.16 | -10.54% |
| S3 | 10.36 | -0.61 | -5.59% |
| S4 | 10.66 | -0.31 | -2.80% |
SUBEXLTD is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: ~
Trading Inside opening range
Daily traded volume and delivery percentage for Subex Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Subex Limited stood at 50.8% of traded volume, against a 20-day average of 47.8%.
Filings Subex sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Subex files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 84 documents below.
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Imposition of fine by Stock Exchanges
Engagement with a leading telecom operator in North Africa to modernize its RAFM operations.
Transcript of Earnings Call
Postal Ballot Notice dated April 13, 2026 - Voting results along with the Scrutinizer's Report
In Machine readable format as required in email dated May 14, 2026
Promoter, director and designated-employee transactions in Subex as reported to SEBI — buying and selling signals from the people who know the business best.
Subex insider activity below tracks 6 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| Subex Employee Welfare and ESOP Benefit Trust | Insider | 16 May 2025 | sell | −1.02 L | ₹14.34 L | ₹14.12 |
| Subex Employee Welfare and ESOP Benefit Trust | Insider | 16 May 2025 | sell | −1.23 L | ₹17.42 L | ₹14.13 |
| Subex Employee Welfare and ESOP Benefit Trust | Insider | 15 May 2025 | sell | −1.79 L | ₹24.75 L | ₹13.86 |
| Subex Employee Welfare and ESOP Benefit Trust | Insider | 15 May 2025 | sell | −72.5 K | ₹10.04 L | ₹13.85 |
| Subex Employee Welfare and ESOP Benefit Trust | Insider | 14 May 2025 | sell | −93.5 K | ₹12.62 L | ₹13.49 |
| Subex Employee Welfare and ESOP Benefit Trust | Insider | 14 May 2025 | sell | −60.0 K | ₹8.09 L | ₹13.49 |
Every dividend, stock split and bonus issue Subex has declared, sequenced by announce and record date.
Subex corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
What Subex Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Subex Limited operates in the Software Products industry under the Information Technology sector, listed as NSE: SUBEXLTD, BSE: 532348.

Subex Limited is a global provider of operations and business support systems (BSS) primarily catering to communication service providers (CSPs). Their core business revolves around offering a comprehensive suite of solutions designed to enhance efficiency, security, and revenue generation for their clients. This includes a wide array of services, addressing critical aspects of the telecommunications industry.
A significant portion of Subex's business centers on fraud management. They offer solutions aimed at detecting and preventing various types of fraud across different communication services, ensuring the financial integrity of their clients' operations. This is complemented by robust network security offerings, encompassing solutions, services, and consulting to safeguard network infrastructure and its components from cyber threats and vulnerabilities.
Revenue assurance is another key area of focus for Subex. Their Business Assurance solutions employ active risk intelligence to identify and mitigate revenue leakage, ensuring that CSPs accurately capture and retain their earnings. This is achieved through advanced analytics and proactive risk management strategies, contributing directly to the bottom line of their clients.
Recognizing the growing importance of partnerships in the telecommunications sector, Subex provides Partner Ecosystem Management platforms. These platforms facilitate collaboration between CSPs and their partners, streamlining the management of both digital and traditional partnerships. This fosters improved efficiency and optimized relationships within the broader ecosystem.
Furthermore, Subex offers Network Analytics solutions that support informed network investment decisions. By analyzing network performance data, they enable CSPs to optimize resource allocation and enhance overall network efficiency. Their services extend to the Internet of Things (IoT) with secure service solutions and leverage artificial intelligence for anomaly detection, providing cutting-edge capabilities to their clientele.
Beyond their core product offerings, Subex also provides managed and business consulting services. This holistic approach allows them to offer comprehensive support to their clients, addressing their specific needs and assisting them in navigating the complexities of the rapidly evolving telecommunications landscape. Established in 1992 and headquartered in Bengaluru, India, Subex has a long history of serving the global communication services market.
Peers, sector trends, screeners and strategy playbooks contextual to this stock.
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
The current share price of Subex Limited (SUBEXLTD) is ₹10.97. Today, the stock has declined by ₹0.05 (0.45%), trading in a range of ₹10.9 to ₹11.75. The stock opened at ₹11.05 with a trading volume of 33,55,998 shares.
Subex Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹656.42 crores, P/E ratio of 22.45, ROE of 8.32%, and ROCE of -6.44%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
The 52-week high price of Subex Limited (SUBEXLTD) is ₹14.58, while the 52-week low is ₹6.61. Currently trading at ₹10.97, the stock is 54.7% away from its 52-week low and 24.8% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
Whether to buy Subex Limited stock at ₹10.97 depends on multiple factors. The stock is currently trading with a P/E ratio of 22.45 and P/B ratio of 1.88. Today's performance shows a loss of 0.45%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
Subex Limited offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹10.97, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹5.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
Subex Limited's key financial metrics include: P/E Ratio: 22.45, P/B Ratio: 1.88, ROE: 8.32%, ROCE: -6.44%, Dividend Yield: 0.00%, EPS: ₹-0.10, Book Value: ₹5.49, and Debt-to-Equity: 0.00. The company's market cap stands at ₹656.42 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
Subex Limited stock opened at ₹11.05 and is currently trading at ₹10.97, showing a decline of ₹0.05 (0.45%). The intraday high is ₹11.75 and low is ₹10.9. The trading volume stands at 33,55,998 shares, indicating strong market participation today.
Subex Limited has a Price-to-Earnings (P/E) ratio of 22.45, which means investors are willing to pay ₹22.45 for every ₹1 of earnings. With an EPS of ₹-0.10, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Subex Limited (SUBEXLTD) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.