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Subex Limited

Information Technology · IT - Software

NSE: SUBEXLTD BSE: 532348
₹19.73
▼ -0.62 (-3.05%)
Sept. 30, 2026 · NSE · nse_bhavcopy
Quality
63/100
Moderate
Valuation
50/100
Fairly Valued
Momentum
51/100
Neutral

QVM read Mixed signals Quality Moderate, Valuation Fairly Valued, Momentum Neutral

Tradinity's own scoring, not a copy of any third party's -- see the Key Metrics section for the real ratios behind each number.

About

Subex Limited is an Indian enterprise software company based in Bangalore, which provides digital trust products to communication service providers. The company is listed on BSE and NSE in India.

Source: Wikipedia

Key Metrics

Market Capitalization
₹1,109 Cr
PE (TTM)
140.9
Industry median 26.7 (88 companies)
Price to Book
3.2
PEG (TTM)
1.1
Institutions holding %
0.59%
FII + DII, latest filed period
Piotroski Score
6
Relative return vs Nifty50, qtr %
72.9
Relative return vs Sector, qtr %
77.9
Free Cash Flow
₹68 Cr
as of March 31, 2026
Industry median ₹0 Cr (143 companies)
EPS Growth (YoY)
25.00%
as of June 30, 2026
Industry median -8.25% (122 companies)
Net Profit Growth (TTM)
129.11%
as of June 30, 2026
Industry median 3.49% (121 companies)
Operating Revenue Growth (TTM)
-0.04%
as of June 30, 2026
Industry median 8.06% (119 companies)
Profit Growth (YoY)
24.45%
as of June 30, 2026
Industry median 9.11% (122 companies)
Revenue Growth (YoY)
16.34%
as of June 30, 2026
Industry median 9.67% (113 companies)
Current Ratio
2.64
as of March 31, 2026
Industry median 2.53 (141 companies)
Debt to Equity
0.00
as of March 31, 2026
Industry median 0.00 (129 companies)
Interest Coverage
5.19
as of June 30, 2026
Industry median 17.20 (117 companies)
Net Margin
11.75%
as of June 30, 2026
Industry median 11.85% (119 companies)
Operating Margin (EBIT)
13.79%
as of June 30, 2026
Industry median 14.98% (120 companies)
Operating Margin (TTM)
5.13%
as of June 30, 2026
Industry median 15.28% (122 companies)
Return on Assets
5.17%
as of March 31, 2026
Industry median 5.12% (122 companies)
Return on Capital Employed
9.21%
as of March 31, 2026
Industry median 9.62% (121 companies)
Return on Equity
8.32%
as of March 31, 2026
Industry median 9.08% (123 companies)

Investment checklist

Tradinity's own yes/no questions with the rule stated beside each. “Items without enough data are left out, never counted as a No, and the totals count only answered questions. A summary of numbers on this page, not advice.

Financials

4 of 8 met
  • Yes Net profit is higher than a year earlier in each of the last 4 quarters
  • No Revenue is higher than a year earlier in each of the last 4 quarters
  • No Quality score is Strong (70 or more)
  • No Piotroski F-score is 7 or more (score 6)
  • Yes Debt to equity is below 0.5 (0.00)
  • No Return on equity is 15% or more (8.3%)
  • Yes Net cash flow for the latest year is positive
  • Yes Cash from operations is higher than the year before

Ownership

2 of 3 met
  • No FII/FPI or DII holding rose in the latest quarter
  • Yes Promoter pledge is 5% of their holding or less and not rising (0.0% pledged)
  • Yes Insiders have not sold in the past 3 months (no open-market sale filed in the last 3 months)

Peer comparison

3 of 3 met
  • Yes 1-year return beats the industry median
  • Yes Revenue growth beats the industry median
  • Yes Profit growth beats the industry median

Value and momentum

1 of 6 met
  • No Price sits in the Buy zone of its own historical PE range (Overvalued (above its own historical PE range))
  • No Valuation score is Undervalued (70 or more)
  • No Momentum score is Bullish (70 or more)
  • No Price is above the 5, 10 and 20 day averages
  • Yes Price is above the 50, 100 and 200 day averages
  • No Latest candle has a bullish shape (hammer, dragonfly doji, white marubozu)

Price

Download CSV

PE/EPS use each quarter's real filed EPS only from 45 days after quarter-end (no look-ahead) against the raw close of the day. Price-to-book isn't a mode here: the feed has no dated share count, so there's no real history to chart.

RSI (14) (same adjusted close series as the price chart above)

MACD (12, 26, 9) (same adjusted close series as the price chart above)

Relative Returns (vs NIFTY 50)

Prices adjusted for splits and bonuses. * = a corporate action affecting this date could not be parsed and is not reflected.

Price range

Day return
-3.0%
Low 19.6000 · High 20.8900
1W return
-10.6%
Low 19.6000 · High 22.2200
1M return
6.8%
Low 16.6000 · High 22.8000
52W return
58.2%
Low 6.6100 · High 22.8000
Lifetime High ₹72.5000 (July 7, 2021)
Lifetime Low ₹6.6800 (March 30, 2026)

Full price history and technicals →

Technicals

Full technicals, indicators & Volume/Delivery →

EMA & SMA

Bullish4
Bearish2
5D
20.3
10D
20.2
20D
19.5
50D
17.3
100D
15.1
200D
11.9

Delivery and volume

Day avg. delivery
29.1%
Week avg. delivery
30.8%
Month avg. delivery
28.4%

Week = 5 sessions, Month = 22 sessions ending the latest trading day — the same combined NSE+BSE delivery data as the table below, just summed.

Resistance and support

20.07
Pivot
First resistance20.55
Second resistance21.36
Third resistance21.84
First support19.26
Second support18.78
Third support17.97
Day RSI54.0
Day MFI70.9
Day MACD1.05
Day MACD signal1.22

Beta

1M3.30
3M1.30
1Y1.63
3Y1.54

Price change analysis

↑ 6.8%
Over 1 Month
LowHigh
16.6022.80
↑ 68.8%
Over 3 Months
LowHigh
11.1122.80
↑ 164.5%
Over 6 Months
LowHigh
7.2422.80
↑ 58.2%
Over 1 Year
LowHigh
6.6122.80
Legend Positive indicator Neutral indicator Negative indicator

Buy/Sell Zone

View Buy/Sell Zone →
Current PE 140.9 (own history: 60.7–83.0)
Overvalued (above its own historical PE range)

Financials

View full financials, peers & valuation multiples →
Revenue (June 30, 2026)
₹73 Cr
Net profit (June 30, 2026)
₹9 Cr
Basic EPS (June 30, 2026)
₹0.1500

Ranks #43 of 126 in IT - Software by market cap -- full peer table on the Financials page.

Shareholding pattern / Ownership

Shareholding summary

Jun 2026
  • FII/FPI0.59%
  • Public98.14%

Largest holders

NameCategoryShares %Shares
SUBEX EMPLOYEE WELFARE AND ESOP BENEFIT TRUSTPublic1.2700%7147627

As of June 30, 2026. Only holders the filing discloses individually.

Historical promoter holding

Historical fii holding

FII/FPI holdings decreased from 1.10% to 0.59% in Jun 2026 qtr

Historical mutual fund holding

All shareholding details →

Insider trading, SAST & pledges

All 273 insider trades, 0 SAST, 0 pledge events →

Latest insider trades

FiledPersonCategoryTypeQuantityValue
17 May 2025 Subex Employee Welfare and ESOP Benefit Trust Other Sell 0 ₹0
17 May 2025 Subex Employee Welfare and ESOP Benefit Trust Other Sell 0 ₹0
17 May 2025 Subex Employee Welfare and ESOP Benefit Trust Other Sell 0 ₹0
17 May 2025 Subex Employee Welfare and ESOP Benefit Trust Other Sell 0 ₹0
17 May 2025 Subex Employee Welfare and ESOP Benefit Trust Other Sell 0 ₹0
17 May 2025 Subex Employee Welfare and ESOP Benefit Trust Other Sell 0 ₹0
12 Dec 2024 SURAJ BALACHANDRAN Employee / designated person Sell 0 ₹0
11 Dec 2024 Ashwin Menon Employee / designated person Sell 0 ₹0
26 Nov 2024 Bhavna Singh Other Sell 0 ₹0
5 Sep 2024 Purushottam Reddy A Employee / designated person Sell 0 ₹0

All insider and SAST disclosures →

Deals (Bulk & Block)

All 159 deals, with filters and CSV →
DateClientDealActionQuantityPriceExchange
15 Sep 2026 HRTI PRIVATE LIMITED Bulk Sell 2,759,386 21.2600 NSE
15 Sep 2026 HRTI PRIVATE LIMITED Bulk Buy 3,177,870 21.1000 NSE
11 Sep 2026 YUGA STOCKS AND COMMODITIES PRIVATE LIMITED Bulk Sell 3,612,845 20.0200 NSE
11 Sep 2026 YUGA STOCKS AND COMMODITIES PRIVATE LIMITED Bulk Buy 541,948 20.4000 NSE
8 Sep 2026 YUGA STOCKS AND COMMODITIES PRIVATE LIMITED Bulk Sell 987,052 19.2300 NSE
8 Sep 2026 YUGA STOCKS AND COMMODITIES PRIVATE LIMITED Bulk Buy 2,925,408 19.1600 NSE
19 Aug 2026 YUGA STOCKS AND COMMODITIES PRIVATE LIMITED Bulk Sell 6,165,722 16.4500 NSE
19 Aug 2026 YUGA STOCKS AND COMMODITIES PRIVATE LIMITED Bulk Buy 3,699,179 16.8000 NSE
18 Aug 2026 YUGA STOCKS AND COMMODITIES PRIVATE LIMITED Bulk Sell 6,500,946 16.4500 NSE
18 Aug 2026 YUGA STOCKS AND COMMODITIES PRIVATE LIMITED Bulk Buy 10,076,356 16.5200 NSE

All bulk and block deals →

Dividends

Full dividend history →
Ex-dateSubjectPer share (₹)Record date
1 Jul 2021 Annual General Meeting/Dividend - Rs 0.25 Per Share 0.2500 2 Jul 2021
10 Feb 2021 Interim Dividend - Rs 0.50 Per Share 0.5000 11 Feb 2021

Corporate Actions

Full history (7 events) →

Bonuses, splits, buybacks and other events. Dividends are listed separately above.

Ex-dateTypeSubject
—NAME_CHANGEName changed from Subex Azure Limited to Subex Limited
—NAME_CHANGEName changed from Subex Systems Limited to Subex Limited
29 Jul 2024OTHERAnnual General Meeting
22 Sep 2023OTHERAnnual General Meeting
9 Sep 2022OTHERAnnual General Meeting

All corporate actions →

Board Meetings

View board meeting history →

Quarterly results, AGMs, buybacks and other board-approved business.

DatePurposeResults
5 Aug 2026 Financial Results Yes
12 May 2026 Financial Results Yes
10 Feb 2026 Financial Results Yes
11 Nov 2025 Financial Results Yes
11 Aug 2025 Financial Results Yes

Corporate Announcements

All 543 announcements, with search →

Exchange disclosures (NSE and BSE), most recent first.

DateCategoryAnnouncement
30 Sep 2026 Insider Trading / SAST Subex Ltd - 532348 - Closure of Trading Window
30 Sep 2026 Trading Window Subex Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
24 Sep 2026 General Updates Grant of options under ESOP 2025
23 Sep 2026 Awarding of order(s)/contract(s) Subex secured a contract with a major mobile network operator in the Asia Pacific region
12 Sep 2026 AGM/EGM Subex Ltd - 532348 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
12 Sep 2026 Shareholders meeting Postal Ballot Notice dated August 05, 2026 - Voting results along with the Scrutinizer's Report
26 Aug 2026 Awarding of order(s)/contract(s) Subex secured a contract with a leading African mobile operator.
21 Aug 2026 Awarding of order(s)/contract(s) Subex Limited has informed the Exchange about Awarding of order(s)/contract(s)
18 Aug 2026 Investor Presentation Subex Limited has informed the Exchange about Investor Presentation
15 Aug 2026 Analysts/Institutional Investor Meet/Con. Call Updates Subex Limited has informed the Exchange about Schedule of meet

All announcements →

SWOT

Tradinity's own rule-based read of the real ratios elsewhere on this page -- not a copy of any third party's, and never a forward-looking prediction.

Strengths

  • Low financial leverage (Debt/Equity 0.00)
  • Healthy liquidity (Current Ratio 2.64)
  • Strong revenue growth YoY (16.3%)

Weaknesses

  • Low Return on Equity (8.3%)

Opportunities

Data unavailable.

Threats

  • PE above 35 (140.9) -- priced for continued strong execution

Board of directors and corporate information →

F&O

View F&O, Options & Backtest →

Data unavailable (no single-stock futures or options activity on record for this company).

Frequently asked questions about Subex Limited

Where is the share price?

The price at the top of this page is the last traded price from exchange data; during market hours it refreshes on its own. The Chart & Technicals section has the full price history.

Where are the financial results?

The Financials page has quarterly and annual results, ratios, cash flow and the balance sheet, on a standalone or consolidated basis.

Who owns the company?

The Ownership section shows the latest shareholding pattern from exchange filings, with promoter, FII, DII and public holdings by quarter.

Does Tradinity give buy or sell advice?

No. The scores and checklist on this page are rule-based summaries of published figures, not recommendations. Tradinity is not a registered investment adviser.