Subex Ltd

Subex Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Subex Ltd

₹ 22.9 -1.16%
22 Nov - close price
subex.com BSE: 532348 NSE: SUBEXLTD
About

Founded in 1992, it is a software product company which works in the space of Digital Trust i.e. it is focussed on privacy, security, risk mitigation, predictability and confidence in data mainly in the telecommunication space focusing on products to communications Service Providers(CSPs) globally. [1]

Key Points

Business Overview
Subex is a telecom AI company enabling connected experiences for ~75% of the world’s top 50 telcos. It was founded in 1992, when the video-telephone was launched. It has been part of the evolution of mobile technology. Today, it is a consultant to global telecom carriers for operational excellence and business transformation by driving new revenue models, enhancing the customer experience and optimizing the enterprise. [1]

Website BSE NSE
  • Market Cap ₹ 1,293 Cr.
  • Current Price ₹ 22.9
  • High / Low ₹ 45.8 / 21.9
  • Stock P/E
  • Book Value ₹ 3.43
  • Dividend Yield 0.00 %
  • ROCE -13.8 %
  • ROE -23.2 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Debtor days have improved from 186 to 102 days.

Cons

  • Stock is trading at 6.68 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -11.6% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Medium / Small

Part of BSE Allcap BSE Information Technology BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
15.59 20.78 16.30 79.43 74.42 70.19 49.48 64.91 66.86 72.20 65.04 64.98 68.48
14.64 21.27 22.64 88.67 82.42 70.57 97.10 79.63 78.24 77.09 70.47 76.83 73.38
Operating Profit 0.95 -0.49 -6.34 -9.24 -8.00 -0.38 -47.62 -14.72 -11.38 -4.89 -5.43 -11.85 -4.90
OPM % 6.09% -2.36% -38.90% -11.63% -10.75% -0.54% -96.24% -22.68% -17.02% -6.77% -8.35% -18.24% -7.16%
0.00 0.02 0.02 0.41 0.91 0.44 0.66 0.57 0.39 0.29 -146.95 0.90 4.56
Interest 0.04 0.03 0.03 0.21 0.73 0.71 0.65 0.65 0.59 0.57 0.56 0.54 0.50
Depreciation 0.42 0.41 0.39 2.03 3.25 3.29 3.30 3.34 3.68 3.26 3.22 3.15 3.20
Profit before tax 0.49 -0.91 -6.74 -11.07 -11.07 -3.94 -50.91 -18.14 -15.26 -8.43 -156.16 -14.64 -4.04
Tax % 0.00% 0.00% 0.00% -104.16% 0.00% 25.63% 4.50% 3.80% 4.19% 16.25% 8.04% 8.88% 13.37%
0.49 -0.91 -6.74 0.46 -11.07 -4.95 -53.20 -18.83 -15.90 -9.80 -168.72 -15.94 -4.58
EPS in Rs 0.01 -0.02 -0.12 0.01 -0.20 -0.09 -0.94 -0.33 -0.28 -0.17 -2.99 -0.28 -0.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
266 294 306 296 324 180 19 11 55 68 274 269 271
233 250 280 301 278 170 38 17 24 71 339 305 298
Operating Profit 32 44 25 -5 47 9 -18 -6 31 -3 -65 -36 -27
OPM % 12% 15% 8% -2% 14% 5% -96% -59% 56% -4% -24% -13% -10%
-15 -12 2 -146 -33 5 0 -192 -2 0 2 -146 -141
Interest 49 58 52 51 15 5 0 0 0 0 2 2 2
Depreciation 2 2 3 3 3 7 6 6 2 2 12 14 13
Profit before tax -35 -28 -27 -205 -4 2 -25 -205 27 -4 -77 -198 -183
Tax % 0% 5% 6% 3% 59% 83% -0% 1% 1% 0% -11% 8%
-35 -30 -28 -210 -7 0 -25 -206 26 -4 -69 -213 -199
EPS in Rs -2.07 -1.77 -1.55 -4.18 -0.13 0.01 -0.44 -3.66 0.47 -0.08 -1.22 -3.78 -3.52
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 161% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: 70%
3 Years: 70%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 28%
Stock Price CAGR
10 Years: 6%
5 Years: 34%
3 Years: -26%
1 Year: -28%
Return on Equity
10 Years: -4%
5 Years: -5%
3 Years: -12%
Last Year: -23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 167 167 183 503 507 562 562 562 281 281 281 281 281
Reserves 169 107 106 134 130 180 149 -62 221 208 143 -67 -87
657 691 650 153 109 0 0 3 0 0 30 25 23
483 593 569 485 179 9 33 48 77 54 152 107 99
Total Liabilities 1,475 1,557 1,508 1,276 925 751 745 551 579 544 606 347 316
3 3 6 4 5 56 50 12 9 7 41 31 28
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 772 772 772 718 657 644 644 476 476 428 346 176 145
700 782 730 554 263 51 51 64 95 109 220 139 143
Total Assets 1,475 1,557 1,508 1,276 925 751 745 551 579 544 606 347 316

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-24 37 49 35 59 62 -1 -13 1 -19 45 -4
-2 3 -5 -2 -5 -75 -0 16 25 33 -24 -2
27 -40 -44 -33 -54 13 -0 -1 -27 -10 -5 -7
Net Cash Flow 1 -0 1 1 -0 1 -1 3 0 4 16 -14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 711 708 624 613 213 28 160 310 145 311 145 102
Inventory Days
Days Payable
Cash Conversion Cycle 711 708 624 613 213 28 160 310 145 311 145 102
Working Capital Days 97 65 80 27 29 11 -466 -682 -94 87 -36 -24
ROCE % 3% 5% 3% -1% 7% 0% -3% 2% 6% -1% -16% -14%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
0.60% 0.80% 0.92% 0.96% 0.81% 0.99% 0.84% 0.91% 1.30% 1.23% 1.08% 1.06%
0.01% 0.01% 0.02% 0.01% 0.01% 0.01% 0.01% 0.09% 0.12% 0.01% 0.01% 0.01%
96.74% 96.83% 96.91% 96.88% 97.15% 97.03% 97.36% 97.43% 97.05% 97.38% 97.53% 97.57%
2.64% 2.36% 2.16% 2.14% 2.03% 1.98% 1.79% 1.56% 1.53% 1.38% 1.38% 1.38%
No. of Shareholders 3,37,3733,58,6343,63,0973,95,3633,80,8153,57,8623,44,4033,39,8063,36,6643,81,3303,75,6463,69,636

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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