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 ₹ 5.75
  • Dividend Yield 0.00 %
  • ROCE -5.48 %
  • ROE -12.2 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company's working capital requirements have reduced from 85.4 days to 58.8 days

Cons

  • Stock is trading at 3.99 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.31% over past five years.
  • Company has a low return on equity of -5.44% 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

Consolidated Figures in Rs. Crores / View Standalone

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
86.30 87.74 78.80 83.26 74.50 73.66 47.27 67.29 76.81 81.82 83.80 68.16 74.16
76.40 79.71 77.79 82.55 74.19 68.57 84.03 82.03 81.38 81.24 80.72 74.20 72.27
Operating Profit 9.90 8.03 1.01 0.71 0.31 5.09 -36.76 -14.74 -4.57 0.58 3.08 -6.04 1.89
OPM % 11.47% 9.15% 1.28% 0.85% 0.42% 6.91% -77.77% -21.91% -5.95% 0.71% 3.68% -8.86% 2.55%
0.97 0.69 2.00 2.65 0.98 0.81 3.72 1.35 1.28 1.41 -145.26 1.92 5.42
Interest 0.33 0.88 0.32 0.28 0.82 0.76 0.72 0.70 0.66 0.63 0.64 0.59 0.59
Depreciation 2.46 2.52 2.48 2.61 3.75 3.81 3.82 3.87 4.20 3.75 3.78 3.66 3.73
Profit before tax 8.08 5.32 0.21 0.47 -3.28 1.33 -37.58 -17.96 -8.15 -2.39 -146.60 -8.37 2.99
Tax % 40.35% 60.90% -190.48% -1,078.72% 49.39% 451.88% 25.55% 7.35% 35.58% 104.60% 6.76% 33.93% 79.26%
4.82 2.08 0.61 5.54 -4.90 -4.68 -47.18 -19.28 -11.05 -4.89 -156.51 -11.21 0.62
EPS in Rs 0.09 0.04 0.01 0.10 -0.09 -0.08 -0.84 -0.34 -0.20 -0.09 -2.78 -0.20 0.01
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
307 340 360 322 357 324 348 365 372 333 279 310 308
311 272 275 231 268 290 297 279 273 298 309 325 308
Operating Profit -3 68 85 91 89 34 51 86 99 36 -30 -16 -0
OPM % -1% 20% 24% 28% 25% 11% 15% 24% 27% 11% -11% -5% -0%
3 -0 -4 -87 -97 13 3 -303 8 10 8 -141 -137
Interest 51 67 61 62 20 8 2 6 4 3 3 3 2
Depreciation 4 2 4 4 5 5 5 15 14 10 14 16 15
Profit before tax -56 -2 16 -62 -34 34 47 -238 89 34 -39 -175 -154
Tax % 7% 416% 36% 21% 29% 40% 46% 13% 42% 38% 31% 10%
-60 -12 10 -74 -43 21 25 -269 52 21 -51 -192 -172
EPS in Rs -3.60 -0.70 0.56 -1.48 -0.85 0.37 0.45 -4.79 0.92 0.37 -0.91 -3.40 -3.06
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 82% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: -2%
3 Years: -6%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 56%
Stock Price CAGR
10 Years: 6%
5 Years: 34%
3 Years: -26%
1 Year: -28%
Return on Equity
10 Years: 2%
5 Years: 1%
3 Years: -5%
Last Year: -12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 58 7 26 231 177 217 232 -47 268 283 241 53 43
732 763 725 228 186 32 0 49 26 15 33 28 25
131 156 188 80 86 81 96 114 151 140 140 167 169
Total Liabilities 1,088 1,093 1,121 1,042 957 892 890 678 725 719 695 528 517
861 862 865 775 668 666 664 393 375 368 385 228 223
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 12 14 9 10
227 230 257 267 289 226 226 286 350 339 296 292 284
Total Assets 1,088 1,093 1,121 1,042 957 892 890 678 725 719 695 528 517

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-17 61 64 66 54 54 55 66 91 -8 9 -8
-23 -2 -11 7 -11 -7 -11 -2 -6 -34 -36 33
84 -60 -47 -36 -55 -91 -34 -13 -32 -15 -7 -9
Net Cash Flow 44 -2 6 37 -12 -44 9 51 53 -58 -33 15

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 87 108 110 126 121 105 90 92 98 106 118 120
Inventory Days
Days Payable
Cash Conversion Cycle 87 108 110 126 121 105 90 92 98 106 118 120
Working Capital Days 17 53 58 -10 -8 87 60 76 79 115 82 59
ROCE % 0% 7% 9% 7% 10% 4% 6% 13% 16% 6% -6% -5%

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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