Subex
NSE: SUBEXLTD · Software Products
Snapshot
Unlock Subex's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Subex Limited provides operations and business support systems, including fraud management, network security, and business assurance, to communication service providers globally. The company also offers IoT, IT, and OT security solutions alongside artificial intelligence-based anomaly detection and consulting services.
Business Model
The company generates revenue through the licensing of its software products, managed services, and business consulting engagements tailored for the telecommunications sector. It focuses on helping CSPs secure their networks, optimise operational expenditure, and manage partner ecosystems.
Growth Outlook
Growth is driven by the increasing demand for network security, IoT protection, and AI-driven analytics within the global telecommunications industry. The company continues to focus on digital transformation initiatives to help service providers manage complex partner ecosystems and mitigate digital fraud.
Key Risks
- Customer Concentration. The company's revenue is heavily dependent on the telecommunications sector, making it vulnerable to capital expenditure cycles and consolidation among global communication service providers.
- Technological Obsolescence. Rapid advancements in network technologies and cybersecurity threats require continuous R&D investment to ensure product relevance and competitive positioning.
- Execution and Integration Risk. Delivering complex managed services and consulting projects across diverse international markets involves significant operational and integration challenges.
- Currency Volatility. As a global provider with significant international operations, the company is exposed to foreign exchange fluctuations that can impact reported financial performance.
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Key Metrics
REVENUE
₹292 Cr
TTM · consolidated
NET PROFIT
₹30 Cr
TTM · consolidated
EPS
₹0.54
TTM · consolidated
RETURN ON EQUITY
9.3%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
10.2%
TTM · consolidated
P/E
32.0x
Q1 FY27 · consolidated
EV/EBITDA
15.5x
Q1 FY27 · consolidated
EBITDA MARGIN
19.7%
TTM · consolidated
NET PROFIT MARGIN
17.9%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q1 FY27 · consolidated
Peers · Software Products
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
SubexSUBEXLTD | ₹971 Cr | 32.00 | 15.47 | 2.9% | 19.7% | 9.3% | 10.2% | +33.2% |
Blue Cloud Softech Solutions LimitedBLUECLOUDS | ₹1,835 Cr | — | — | — | 13.0% | — | — | -32.7% |
Unicommerce Esolutions LimitedUNIECOM | ₹985 Cr | 45.64 | 26.40 | — | 17.6% | 16.4% | 19.6% | -42.3% |
Quick Heal Technologies LimitedQUICKHEAL | ₹765 Cr | -73.41 | -124.62 | -6.6% | -2.4% | -2.4% | -4.7% | -53.0% |
IRIS Regtech SolutionsIRIS | ₹547 Cr | 4.36 | 27.83 | 6.1% | 14.1% | 90.7% | 11.2% | -21.7% |
ABM Knowledgeware LimitedABMKNO | ₹380 Cr | 29.40 | 19.52 | — | 21.4% | 5.1% | 7.0% | +10.6% |
As of Q1 FY27
Financials
Subex
NSE: SUBEXLTD · Software Products
Snapshot
Unlock Subex's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Subex Limited provides operations and business support systems, including fraud management, network security, and business assurance, to communication service providers globally. The company also offers IoT, IT, and OT security solutions alongside artificial intelligence-based anomaly detection and consulting services.
Business Model
The company generates revenue through the licensing of its software products, managed services, and business consulting engagements tailored for the telecommunications sector. It focuses on helping CSPs secure their networks, optimise operational expenditure, and manage partner ecosystems.
Growth Outlook
Growth is driven by the increasing demand for network security, IoT protection, and AI-driven analytics within the global telecommunications industry. The company continues to focus on digital transformation initiatives to help service providers manage complex partner ecosystems and mitigate digital fraud.
Key Risks
- Customer Concentration. The company's revenue is heavily dependent on the telecommunications sector, making it vulnerable to capital expenditure cycles and consolidation among global communication service providers.
- Technological Obsolescence. Rapid advancements in network technologies and cybersecurity threats require continuous R&D investment to ensure product relevance and competitive positioning.
- Execution and Integration Risk. Delivering complex managed services and consulting projects across diverse international markets involves significant operational and integration challenges.
- Currency Volatility. As a global provider with significant international operations, the company is exposed to foreign exchange fluctuations that can impact reported financial performance.
Start your research today
Unlock AI insights, financials, peers and live data on Subex and 5,000+ companies — free.
Key Metrics
REVENUE
₹292 Cr
TTM · consolidated
NET PROFIT
₹30 Cr
TTM · consolidated
EPS
₹0.54
TTM · consolidated
RETURN ON EQUITY
9.3%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
10.2%
TTM · consolidated
P/E
32.0x
Q1 FY27 · consolidated
EV/EBITDA
15.5x
Q1 FY27 · consolidated
EBITDA MARGIN
19.7%
TTM · consolidated
NET PROFIT MARGIN
17.9%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q1 FY27 · consolidated
Peers · Software Products
As of Q1 FY27