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INVESTMENT INSIGHTS

Check Before You Invest : Subex Ltd

BSE: 532348 NSE: SUBEXLTD ISIN: INE754A01055
  |   Sector:  IT & ITES   |   Industry:  IT - Software

Snapshot

Q.1 Which industry/sub-sector does Subex Ltd belong to?
Subex Ltd belongs to the IT & ITES sector, operating specifically within the IT - Software segment.
Q.2 Is Subex Ltd a good quality company?
Subex Ltd is a weak quality company, based on a inconsistent 10 year financial track record.
Q.3 Is Subex Ltd undervalued or overvalued?
Subex Ltd appears Somewhat Undervalued, as its key valuation ratios are below with their past averages.
Q.4 Is Subex Ltd a good buy now?
Subex Ltd is a neutral opportunity now, based on stable price trend analysis suggesting prices may move sideways. However, you need to check its quality and valuation before making a decision

Performance Analysis

Q.1 Revenue growth of Subex Ltd?
Subex Ltd revenue growth is -0.1% for FY-2025 , which is below its 5 year CAGR of 90.2% , indicating slower growth.
Q.2 Gross Profit margin of Subex Ltd?
Subex Ltd Gross profit margin which is the profit after deduction of direct costs, is -13.9% for FY-2025 , which is below its 5 year median of -13.6% , indicating decreasing margins.
Q.3 Operating Profit Margin of Subex Ltd?
Subex Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is -13.16% for FY-2025 , which is in line with its 5 year median of -13.16% indicating stable margins.
Q.4 Net Profit Margin of Subex Ltd?
Subex Ltd Net Profit Margin is -18.52% for FY-2025 , is in line with with its 5 year median of -18.52%, indicating stable margins.
Current Level Historic Median
Gross Profit Margin -13.9 -13.6
Operating Profit Margin -13.16 -13.16
Net Profit Margin -18.52 -18.52
Q.5 Return on Asset of Subex Ltd?
Subex Ltd Return on Asset is -14.9%, which is below its 5 year historical median of -11.88%, indicating deteriorated asset utilization efficiency.
Q.6 Return on Equity (ROE) of Subex Ltd?
Subex Ltd Return on equity is -26.75% for FY-2025 , which is below its historical median of -15.18%, indicating the business is making worse use of its shareholders capital.
Q.7 Return on capital employed (ROCE) of Subex Ltd?
Subex Ltd Return on capital employed is -23.16% for FY-2025 , which is below its estimated weighted average cost of capital(WACC) 14%, indicating value preservation.
Q.8 Cash conversion cycle of Subex Ltd?
Subex Ltd Cash conversion cycle is -5 days, below its historical median of 48 days, indicating improved working capital management. However, you need to compare this with its peers in the industry.
Current Level Historic Median
Asset Turnover 0.8 0.47
ROE -26.75 -15.18
ROCE -23.16 -16.36
Cash Conversion Cycle -5 days 48 days
Q.9 Debt to Equity ratio of Subex Ltd?
Subex Ltd Debt-to-Equity ratio is 0.00 , which is lower with the industry average of 0.01 , indicating lower debt levels in the industry.
Q.10 Debt to cash flow from operations of Subex Ltd?
Subex Ltd Debt to cash flow from operations is 0 , which is at a healthy level, indicating the business is able to service its debt comfortably.

Ownership & governance

Q.1 Promoter shareholding and pledge status of Subex Ltd?
Promoters hold 0.00% of the Subex Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

Q.1 Revenue growth of Subex Ltd vs industry peers?
Subex Ltd revenue CAGR is 90.23% , compared to the industry median CAGR of 2.48% , indicating faster growth and gaining its market share.
Profit Metrics
Current Level Industry Median
Revenue 268.8 23.6
Gross Profit -37.4 1.9
Operating Profit -38 1.2
Net Profit -50 0.8
Operating Efficiency
Current Level Industry Median
Asset Turnover 0.8 0.45
ROE -26.75 4.09
ROCE -23.16 6.4
Cash Conversion Cycle (days) -5.12 36

Valuation & price assessment

Q.1 Stock return of Subex Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -1.5% based on the current price.
Q.2 What return has the stock given over the last decade?
9Y 5Y 3Y 1Y
Share Price -1.5% -28.4% -35.2% -24.3%
Q.3 Valuation ratios of Subex Ltd vs historical?
The current P/E is similar that its historical median.
Q.4 How do the current valuation ratios measure up against the historic numbers and the current industry numbers?
Valuation Ratios Current Historic Median Industry Median
Price to Earnings - 0.00 22.96
Price to Book 3.07 1.25 2.61
Price to Sales 1.93 44.38 4.40
EV to EBITDA 530.44 22.84 17.20

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