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Subex SUBEXLTD.NS · INR

Information Technology · NSE · 🇮🇳 India

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16.77

+0.12%

Close of 9 Nov 2026, in INR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in INR, from our data supplier.

FY2026

Revenue

₹2.79bn

FY2017FY2026

Net income

₹285.3m

FY2017FY2026

Free cash flow

₹714.6m

FY2017FY2026

Shareholders' equity

₹3.43bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue₹2.79bn₹2.86bn₹3.10bn₹2.79bn₹3.31bn₹3.72bn₹3.65bn₹3.48bn₹3.24bn₹3.57bn
Operating income₹169.3m−₹273.2m−₹206.9m−₹453.6m₹362.5m₹952.0m₹723.6m₹530.6m₹459.2m₹875.3m
Net income₹285.3m−₹314.4m−₹1.92bn−₹512.1m₹209.9m₹517.2m−₹2.69bn₹252.2m₹206.8m−₹432.3m
Diluted earnings per share0.51-0.54-3.54-0.930.390.99-4.940.470.40-0.72

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets₹5.52bn₹4.87bn₹5.30bn₹7.04bn₹7.20bn₹7.27bn₹6.81bn₹8.96bn₹8.98bn₹9.57bn
Cash and short-term investments₹1.26bn₹938.4m₹1.04bn₹1.20bn₹1.18bn₹1.43bn₹904.3m₹394.7m₹300.7m₹1.19bn
Total liabilities₹2.09bn₹1.82bn₹1.96bn₹1.82bn₹1.56bn₹1.78bn₹1.66bn₹1.02bn₹1.18bn₹2.73bn
Debt₹282.7m₹193.8m₹281.6m₹333.9m₹146.8m₹257.9m₹486.7m₹486.7m₹321.5m₹859.0m
Shareholders' equity₹3.43bn₹3.04bn₹3.34bn₹5.22bn₹5.64bn₹5.49bn₹5.15bn₹7.94bn₹7.79bn₹6.84bn
Shares outstanding555m586m542m551m542m520m544m542m515m602m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations₹754.3m₹97.5m−₹82.8m₹92.5m−₹87.6m₹909.5m₹671.1m₹545.8m₹536.5m₹539.2m
Capital spending−₹39.7m−₹24.1m−₹27.3m−₹49.3m−₹54.0m−₹86.2m−₹35.3m−₹23.5m−₹28.7m−₹69.6m
Free cash flow₹714.6m₹73.4m−₹110.1m₹43.2m−₹141.6m₹823.3m₹635.8m₹522.3m₹507.8m₹469.6m
Dividends paid——−₹100,000—−₹133.9m−₹274.6m−₹90.7m−₹274.6m−₹274.6m—

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue₹794.5m₹729.6m₹707.9m₹689.1m₹664.0m₹706.0m₹726.9m₹741.6m
Operating income₹124.0m₹23.1m₹69.2m₹45.4m−₹1.1m−₹149.3m−₹8.5m−₹18.4m
Net income₹142.2m₹99.3m₹29.3m₹28.6m₹128.1m−₹176.0m−₹32.5m₹6.2m
Diluted earnings per share0.260.180.050.050.22-0.30-0.060.01
Cash from operations———₹328.0m————
Capital spending———−₹33.0m————
Free cash flow———₹295.0m————
Total assets—₹5.52bn—₹5.17bn—₹4.87bn—₹5.17bn
Cash and short-term investments₹1.24bn₹1.26bn₹1.27bn₹1.35bn₹938.4m₹938.4m₹850.7m₹963.0m
Debt—₹66.3m—₹60.8m—₹89.8m—₹98.9m
Shareholders' equity₹3.43bn₹3.43bn₹3.23bn₹3.23bn₹3.04bn₹3.04bn₹3.24bn₹3.24bn

Financial ratios

Data as of 14 Oct 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2014FY2013
Operating margin4.9%-6.2%-55.7%-12.9%10.9%25.0%——
Net margin10.2%-11.0%-61.9%-18.4%6.3%13.9%——
Return on equity8.3%-10.3%-57.5%-9.8%3.7%9.4%——
Return on assets5.2%-6.5%-36.2%-7.3%2.9%7.1%——
Free cash flow yield7.5%1.1%-0.5%1.3%-0.3%10.0%——
Revenue growth-2.3%-7.8%11.1%-15.9%-10.9%1.9%——
Earnings growth-190.7%-83.6%274.4%-344.0%-59.4%-119.2%——
Current ratio2.64x2.12x2.39x3.05x3.90x3.22x——
Debt to equity0.02x0.03x0.03x0.02x0.01x0.02x——
Equity ratio62.1%62.5%63.0%74.2%78.3%75.5%——
Interest coverage4.18x-7.93x-65.58x-13.98x14.16x26.25x——
R&D as a share of sales——————4.9%3.4%
Buybacks as a share of market value5.3%-8.2%1.7%-1.6%-4.3%4.5%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue0.0%-5.6%-1.5%
Operating income—-29.2%-13.0%
Net income—-11.2%-7.0%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin-1.8%-6.6%3.0%10.7%
Net margin-0.5%-21.3%-9.3%-10.7%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings33.9-21.1-6.2-36.587.654.4-5.812.814.9-12.9
Price to sales3.52.33.86.75.57.64.20.90.91.6

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 1 Jul 2021.

FY2022FY2021FY2008FY2007FY2006FY2005
Paid in the year0.250.502.002.501.750.50
  • 2-for-1 split · 5 Jan 2006

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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