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SUBEXLTD

Subex Ltd Share Price

Live price, chart and which mutual funds hold this stock

TopFund Score: 48/100 · Weak See breakdown ↓
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as of —

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Change

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Day Open

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Day High

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Day Low

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NSE Close — 25 Sep 2026

₹21.41

Change

+0.7 (3.38%)

Open

₹20.7

Prev. Close

₹20.71

Day High

₹21.61

Day Low

₹20.36

Volume Analysis

Traded

14,283,273

Delivered

3,798,713

Delivery %

26.6%

End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.

Strengths, Weaknesses, Opportunities & Threats

Strengths (0)

No signal for this stock

Weaknesses (2)

  • •Low return on equity (9.9%)
  • •Below-average fundamentals quality score (48/100)

Opportunities (0)

No signal for this stock

Threats (0)

No signal for this stock

Rule-based signals from the fundamentals below — not investment advice.

Pivot Levels

Type R3 R2 R1 Pivot S1 S2 S3
Classic ₹23.15 ₹22.38 ₹21.9 ₹21.13 ₹20.65 ₹19.88 ₹19.4
Fibonacci ₹22.38 ₹21.9 ₹21.61 ₹21.13 ₹20.65 ₹20.36 ₹19.88
Camarilla ₹21.75 ₹21.64 ₹21.52 ₹21.13 ₹21.3 ₹21.18 ₹21.07

Support/resistance levels for today, calculated from the previous trading day's high/low/close.

Absolute Returns

YTD

+82.99%

1 Week

+9.18%

1 Month

+18.09%

3 Months

+84.25%

6 Months

+187.0%

1 Year

+78.57%

2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.

Stock Vitals

Computed from the latest available annual financials.

Graham Number

₹8.35

Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.

DuPont ROE Breakdown

8.43%

Net margin 10.27% × asset turnover 0.51x × equity multiplier 1.61x

Company Overview

Sector

Information Technology

Market Cap

₹1,207 Cr

P/E (TTM)

37.3

ROE

9.9%

Book Value

₹6.08

Face Value

₹5.0

Source: Screener.in (Consolidated figures) — data as of 27 Sep 2026. Not investment advice.

TopFund Analysis

Subex Ltd scores weakly on TopFund's composite fundamentals check within the Information Technology sector, at 48/100. The strongest factor is Financial Strength (100/100), while Growth (0/100) is the weakest area to weigh before deciding. Notably: Low return on equity (9.9%); below-average fundamentals quality score (48/100).

TopFund Score — Fundamentals Quality

48/100 — Weak

Data confidence: 76/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.

As of 27 Sep 2026 · How we calculate this →

Financial Strength

100

Growth

0

Valuation

34

Cash Flow

75

Corporate Governance

0

Momentum

91

Institutional Ownership

30

Business Quality

59

Risk & Volatility

17

Liquidity

56

From Screener.in

  • +Company is almost debt free.
  • −Stock is trading at 3.52 times its book value
  • −The company has delivered a poor sales growth of -5.59% over past five years.
  • −Company has a low return on equity of -5.29% over last 3 years.

Not investment advice — an automated read of public fundamentals data, for research context only.

Corporate Actions

Grant Of Options Under ESOP 2025 24 Sep

NRC approved 27,50,000 ESOP options at Rs. 9 each on September 24, 2026.

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 23 Sep

Subex wins US$5 million, 5-year APAC PEM contract, extendable by 2 years.

Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 12 Sep 12 Sep
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 26 Aug

Subex won a three-year USD 0.6 million fraud management contract with an African mobile operator.

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 21 Aug

Subex won a new European fibre operator contract worth Euro 0.6 million over 3 years.

Source: BSE regulatory filings, via Screener.in.

Quarterly Results

Last several quarters

  Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Sales + 67 77 82 84 68 74 73 71 66 69 71 73 79
Expenses + 82 81 81 81 74 72 70 84 62 63 62 64 64
Operating Profit -15 -5 1 3 -6 2 2 -13 4 6 9 9 15
OPM % -22.0% -6.0% 0.7% 3.7% -9.0% 2.5% 3.4% -18.0% 6.0% 9.0% 13.0% 13.0% 19.0%
Other Income + 1 1 1 -145 2 5 1 3 16 2 0 7 5
Interest 1 1 1 1 1 1 1 0 1 1 1 1 1
Depreciation 4 4 4 4 4 4 3 3 4 3 2 3 3
Profit before tax -18 -8 -2 -147 -8 3 0 -14 15 4 6 13 16
Tax % 7.0% 36.0% 105.0% 7.0% 34.0% 79.0% 916.0% 25.0% 13.0% 32.0% 49.0% 22.0% 14.0%
Net Profit + -19 -11 -5 -157 -11 1 -3 -18 13 3 3 10 14
EPS in Rs 0 0 0 -3 0 0 0 0 0 0 0 0 0
Raw PDF — — — — — — — — — — — — —

Source: Screener.in — figures in ₹ Crores unless marked %.

Profit & Loss (Yearly)

  Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Sales + 360 322 357 324 348 365 372 333 279 310 286 279 292
Expenses + 275 231 268 290 297 279 273 298 309 325 300 253 253
Operating Profit 85 91 89 34 51 86 99 36 -30 -16 -15 26 39
OPM % 24.0% 28.0% 25.0% 11.0% 15.0% 24.0% 27.0% 11.0% -11.0% -5.0% -5.0% 9.0% 14.0%
Other Income + -4 -87 -97 13 3 -303 8 10 8 -141 11 27 13
Interest 61 62 20 8 2 6 4 3 3 3 2 3 3
Depreciation 4 4 5 5 5 15 14 10 14 16 14 12 11
Profit before tax 16 -62 -34 34 47 -238 89 34 -39 -175 -20 37 39
Tax % 36.0% 21.0% 29.0% 40.0% 46.0% 13.0% 42.0% 38.0% 31.0% 10.0% 59.0% 24.0% —
Net Profit + 10 -74 -43 21 25 -269 52 21 -51 -192 -31 29 30
EPS in Rs 1 -1 -1 0 0 -5 1 0 -1 -3 -1 1 1
Dividend Payout % 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 82.0% 0.0% 0.0% 0.0% 0.0% 0.0% —

Source: Screener.in — figures in ₹ Crores unless marked %.

Balance Sheet

  Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Reserves 26 231 177 217 232 -47 268 283 241 53 23 62
Borrowings + 725 228 186 32 0 49 26 15 33 28 19 28
Other Liabilities + 188 80 86 81 96 114 151 140 140 167 163 181
Total Liabilities 1,121 1,042 957 892 890 678 725 719 695 528 487 552
Fixed Assets + 865 775 668 666 664 393 375 368 385 228 217 228
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 12 14 9 22 32
Other Assets + 257 267 289 226 226 286 350 339 296 292 248 292
Total Assets 1,121 1,042 957 892 890 678 725 719 695 528 487 552
Equity Capital 183 503 507 562 562 562 281 281 281 281 281 281

Source: Screener.in — figures in ₹ Crores unless marked %.

Cash Flow

  Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Cash from Operating Activity + 64 66 54 54 55 66 91 -8 9 -8 10 72
Cash from Investing Activity + -11 7 -11 -7 -11 -2 -6 -34 -36 34 -16 -31
Cash from Financing Activity + -47 -36 -55 -91 -34 -13 -32 -15 -7 -9 -12 -9
Net Cash Flow 6 37 -12 -44 9 51 53 -58 -33 17 -19 32
CFO/OP 86 85 74 204 127 94 106 41 -48 -36 -124 146
Free Cash Flow 58 63 48 51 52 63 82 -14 4 -11 7 68

Source: Screener.in — figures in ₹ Crores unless marked %.

Shareholding Pattern

Quarter-by-quarter — Promoters, FII, DII & public holding trend

  Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Others 1.56% 1.53% 1.38% 1.38% 1.38% 1.38% 1.38% 1.27% 1.27% 1.27% 1.27% 1.27%
Public 97.43% 97.05% 97.38% 97.53% 97.57% 97.58% 96.86% 97.95% 97.94% 97.8% 97.62% 98.14%
FII 0.91% 1.3% 1.23% 1.08% 1.06% 1.02% 1.74% 0.77% 0.77% 0.93% 1.1% 0.6%
DII 0.09% 0.12% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.0%

Source: Screener.in — quarterly shareholding disclosures.

Peers Comparison

Information Technology — ranked by market cap

Company Market Cap (Cr) P/E P/B ROE
Subex Ltd (this stock) 1,207 37.3 3.52 9.9%
Digitide Solutions Ltd 1,214 1074.0 1.44 -0.74%
Ivalue Infosolutions Ltd 1,284 12.0 2.25 19.8%
Dynacons Sys & Soln Ltd 1,312 15.5 4.17 31.0%
Nintec Systems Limited 1,317 39.2 14.38 40.6%
Orient Technologies Ltd 1,087 43.3 3.23 7.46%
Expleo Solutions Limited 1,354 9.22 1.74 18.7%

Which Mutual Funds Hold Subex Ltd?

Frequently Asked Questions about Subex Ltd

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