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Subex BSE:532348 Stock Report

Last Price

₹31.40

Market Cap

₹17.3b

7D

-10.4%

1Y

-39.8%

Updated

26 Sep, 2022

Data

Company Financials
532348 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends0/6

532348 Stock Overview

Subex Limited provides operations and business support systems to communication service providers (CSPs) worldwide.

Subex Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Subex
Historical stock prices
Current Share Price₹31.40
52 Week High₹61.30
52 Week Low₹18.70
Beta1.51
1 Month Change-11.92%
3 Month Change26.61%
1 Year Change-39.79%
3 Year Change484.73%
5 Year Change276.95%
Change since IPO-9.58%

Recent News & Updates

Shareholder Returns

532348IN SoftwareIN Market
7D-10.4%-0.06%-1.1%
1Y-39.8%-3.1%0.5%

Return vs Industry: 532348 underperformed the Indian Software industry which returned -3.1% over the past year.

Return vs Market: 532348 underperformed the Indian Market which returned 0.5% over the past year.

Price Volatility

Is 532348's price volatile compared to industry and market?
532348 volatility
532348 Average Weekly Movement11.0%
Software Industry Average Movement7.1%
Market Average Movement5.8%
10% most volatile stocks in IN Market9.1%
10% least volatile stocks in IN Market3.7%

Stable Share Price: 532348 is more volatile than 90% of Indian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: 532348's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
19921,135Vinod Padmanabhanhttps://www.subex.com

Subex Limited provides operations and business support systems to communication service providers (CSPs) worldwide. The company offers Fraud Management, a solution to address frauds across various services; Network Security, a suite off solutions, services, and consulting to secure networks and the components; Business Assurance, an active risk intelligence solution that assures revenues for business models; Partner Ecosystem Management, a platform that enables collaboration between communication services providers and their partners to manage digital and traditional partnerships; and Network Analytics, a solution for network investments. It also provides IoT, IT, and OT solutions that are designed to secure connected assets; and artificial intelligence based anomaly detection solutions, as well as managed and business consulting services.

Subex Fundamentals Summary

How do Subex's earnings and revenue compare to its market cap?
532348 fundamental statistics
Market Cap₹17.25b
Earnings (TTM)₹130.50m
Revenue (TTM)₹3.36b

132.2x

P/E Ratio

5.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
532348 income statement (TTM)
Revenue₹3.36b
Cost of Revenue₹0
Gross Profit₹3.36b
Other Expenses₹3.23b
Earnings₹130.50m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.24
Gross Margin100.00%
Net Profit Margin3.88%
Debt/Equity Ratio2.6%

How did 532348 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 532348 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 532348?

Other financial metrics that can be useful for relative valuation.

532348 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.8x
Enterprise Value/EBITDA76.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 532348's PE Ratio compare to its peers?

532348 PE Ratio vs Peers
The above table shows the PE ratio for 532348 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average61.9x
532944 OnMobile Global
61.5xn/a₹12.4b
532663 Sasken Technologies
11.1xn/a₹12.1b
RATEGAIN RateGain Travel Technologies
151.9x55.7%₹27.7b
531209 Nucleus Software Exports
23.1x42.6%₹10.6b
532348 Subex
132.2xn/a₹17.3b

Price-To-Earnings vs Peers: 532348 is expensive based on its Price-To-Earnings Ratio (132.2x) compared to the peer average (61.9x).


Price to Earnings Ratio vs Industry

How does 532348's PE Ratio compare vs other companies in the IN Software Industry?

Price-To-Earnings vs Industry: 532348 is expensive based on its Price-To-Earnings Ratio (132.2x) compared to the Indian Software industry average (36x)


Price to Earnings Ratio vs Fair Ratio

What is 532348's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

532348 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio132.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 532348's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 532348 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 532348's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 532348's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Subex forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.1%

Forecasted Software industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Subex has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine Subex's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Subex competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Subex performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


8.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 532348 has high quality earnings.

Growing Profit Margin: 532348's current net profit margins (3.9%) are lower than last year (13.7%).


Past Earnings Growth Analysis

Earnings Trend: 532348 has become profitable over the past 5 years, growing earnings by 8.9% per year.

Accelerating Growth: 532348's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 532348 had negative earnings growth (-73.9%) over the past year, making it difficult to compare to the Software industry average (24.5%).


Return on Equity

High ROE: 532348's Return on Equity (2.3%) is considered low.


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Financial Health

How is Subex's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 532348's short term assets (₹3.0B) exceed its short term liabilities (₹759.7M).

Long Term Liabilities: 532348's short term assets (₹3.0B) exceed its long term liabilities (₹804.4M).


Debt to Equity History and Analysis

Debt Level: 532348 has more cash than its total debt.

Reducing Debt: 532348's debt to equity ratio has reduced from 27.1% to 2.6% over the past 5 years.

Debt Coverage: 532348's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 532348's interest payments on its debt are well covered by EBIT (5.3x coverage).


Balance Sheet


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Dividend

What is Subex current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 532348's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 532348's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 532348's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 532348's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: 532348 is not paying a notable dividend for the Indian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 532348 has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Vinod Padmanabhan (52 yo)

4.42yrs

Tenure

₹43,017,000

Compensation

Mr. Vinod Kumar Padmanabhan, B.Tech, has been Managing Director and Chief Executive Officer of Subex Ltd. since April 1, 2018. Mr. Padmanabhan served as the Chief Operating Officer at Subex Limited until A...


CEO Compensation Analysis

Compensation vs Market: Vinod's total compensation ($USD530.27K) is above average for companies of similar size in the Indian market ($USD220.07K).

Compensation vs Earnings: Vinod's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: 532348's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: 532348's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 532348 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

BSE:532348 Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
22 Sep 22Sell₹3,395,244Renji GeorgeIndividual100,000₹33.95
08 Sep 22Sell₹18,316,637Anagha Advisors LLPCompany500,000₹36.63
08 Sep 22Sell₹3,688,874Rohit MaheshwariIndividual100,000₹37.00
24 Aug 22Sell₹1,627,665Andrew JacobsIndividual45,000₹36.17
18 Aug 22Sell₹3,709,357Rohit MaheshwariIndividual100,000₹37.09
12 Aug 22Sell₹11,635,143Anagha Advisors LLPCompany300,000₹38.78
11 Aug 22Sell₹20,629,617Vinod PadmanabhanIndividual544,095₹37.92
11 Aug 22Sell₹38,729,264Anagha Advisors LLPCompany1,000,000₹38.73
11 Aug 22Sell₹1,912,498G. KrishnakanthIndividual50,000₹38.25
11 Aug 22Sell₹1,682,997Sumit AhujaIndividual42,500₹39.60
10 Aug 22Sell₹24,075,743Ican Investment Advisors Pvt. Ltd., Asset Management ArmCompany650,000₹37.04
29 Jun 22Sell₹1,153,902Renji GeorgeIndividual45,000₹25.64
23 Jun 22Sell₹2,260,731Renji GeorgeIndividual100,000₹22.61
30 Mar 22Sell₹3,232,477Renji GeorgeIndividual100,000₹32.32
24 Mar 22Sell₹1,067,998Panchanan PradhanIndividual30,000₹35.60
22 Mar 22Sell₹1,451,997Panchanan PradhanIndividual40,000₹36.30
21 Mar 22Sell₹729,999Renji GeorgeIndividual20,000₹36.50
17 Mar 22Sell₹1,067,999Renji GeorgeIndividual30,000₹35.60
17 Mar 22Sell₹3,535,913Panchanan PradhanIndividual100,000₹35.45
10 Mar 22Sell₹3,801,357Rohit MaheshwariIndividual100,000₹38.50
09 Mar 22Sell₹2,032,158Renji GeorgeIndividual55,000₹37.02
30 Dec 21Sell₹5,382,655Mohan SitharamIndividual100,000₹54.50
30 Dec 21Sell₹5,497,511Renji GeorgeIndividual100,000₹54.98
30 Dec 21Sell₹5,436,236Sherrin RenjiIndividual100,000₹54.36
30 Dec 21Sell₹1,062,234G. NayakIndividual20,000₹53.11
15 Dec 21Sell₹1,181,594G. KrishnakanthIndividual20,000₹59.95
15 Dec 21Sell₹60,309,664Ican Investment Advisors Pvt. Ltd., Asset Management ArmCompany1,000,000₹60.31
14 Dec 21Sell₹2,869,996Panchanan PradhanIndividual50,000₹57.40
14 Dec 21Sell₹2,399,998Singhal HimanshuIndividual40,000₹60.00
13 Dec 21Sell₹2,964,998Panchanan PradhanIndividual50,000₹59.30
13 Dec 21Sell₹5,660,696Renji GeorgeIndividual100,000₹56.61
10 Dec 21Sell₹5,314,993Panchanan PradhanIndividual100,000₹53.15
10 Dec 21Sell₹1,203,999Singhal HimanshuIndividual21,500₹56.00
10 Dec 21Sell₹1,146,599G. KrishnakanthIndividual20,000₹57.33
10 Dec 21Sell₹2,834,997Suraj BalachandranIndividual50,000₹56.70
08 Dec 21Sell₹5,299,997Rohit MaheshwariIndividual100,000₹53.00
25 Nov 21Sell₹5,599,993Renji GeorgeIndividual100,000₹56.00
25 Nov 21Buy₹134,999Rahul AlexanderIndividual22,500₹6.00
25 Nov 21Sell₹164,999Subex Limited, ESOPCompany27,500₹6.00
23 Nov 21Sell₹5,337,497Anshuman SahaIndividual100,000₹53.37
23 Nov 21Sell₹135,000Subex Limited, ESOPCompany22,500₹6.00
22 Nov 21Sell₹5,497,495Shiva Naga RoddamIndividual100,000₹54.97
17 Nov 21Sell₹2,612,496Shiva Naga RoddamIndividual50,000₹52.25
16 Nov 21Sell₹479,996Subex Limited, ESOPCompany80,000₹6.00
12 Nov 21Sell₹5,271,243G. VenkatramanIndividual100,000₹52.73
12 Nov 21Sell₹2,091,489Rahul AlexanderIndividual40,000₹52.29
29 Sep 21Sell₹2,592,499Sherrin RenjiIndividual50,000₹51.85
29 Sep 21Sell₹18,092,121Ican Investment Advisors Pvt. Ltd., Asset Management ArmCompany350,000₹51.69
29 Sep 21Sell₹3,102,313Anshuman SahaIndividual60,000₹51.71
28 Sep 21Sell₹22,575,651Ican Investment Advisors Pvt. Ltd., Asset Management ArmCompany438,000₹51.54
27 Sep 21Sell₹2,642,498Sherrin RenjiIndividual50,000₹52.85
27 Sep 21Sell₹1,675,292Ican Investment Advisors Pvt. Ltd., Asset Management ArmCompany32,000₹52.35

Ownership Breakdown

What is the ownership structure of 532348?
Owner TypeNumber of SharesOwnership Percentage
Employee Share Scheme12,115,8002.2%
Institutions12,863,5822.3%
Private Companies17,267,1843.1%
Individual Insiders25,364,8594.6%
General Public481,857,79087.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 12.3% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
2.21%
Subex Limited, ESOP
12,115,800₹380.4m-8.99%100%
1.72%
Uno Metals Ltd
9,462,000₹297.1m0%no data
1.67%
Joseph Daniel
9,200,000₹288.9m0%no data
1.64%
AKG Finvest Ltd, Asset Management Arm
9,000,000₹282.6m0%66.83%
1.24%
Altruist Technologies Private Limited
6,835,641₹214.6m0%no data
1.15%
Shivani Haribhakti
6,340,000₹199.1m0%no data
1.09%
Rajesh Goenka
6,000,000₹188.4m0%no data
0.35%
Dimensional Fund Advisors LP
1,922,521₹60.4m0.78%no data
0.21%
BNY Mellon Asset Management
1,166,002₹36.6m2.92%no data
0.18%
Anagha Advisors LLP
969,543₹30.4m-64.99%no data
0.14%
State Street Global Advisors, Inc.
768,598₹24.1m1.27%no data
0.11%
Mohan Sitharam
581,350₹18.3m0%no data
0.1%
Suraj Balachandran
575,700₹18.1m0%no data
0.091%
Vinod Padmanabhan
500,000₹15.7m-52.11%no data
0.091%
Shiva Naga Roddam
500,000₹15.7m0%no data
0.073%
G. Venkatraman
400,000₹12.6m0%no data
0.065%
Anshuman Saha
355,000₹11.1m0%no data
0.06%
Jamie More
332,326₹10.4m0%no data
0.055%
Renji George
300,000₹9.4m-25%no data
0.015%
Rohit Maheshwari
81,250₹2.6m-71.11%no data
0.011%
Panchanan Pradhan
61,250₹1.9m0%no data
0.011%
Anil Singhvi
60,000₹1.9m0%no data
0.0051%
G. Nayak
28,208₹885.7k0%no data
0.0041%
Rahul Alexander
22,525₹707.3k0%no data
0.0036%
Sumit Ahuja
20,000₹628.0k0%no data

Company Information

Subex Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Subex Limited
  • Ticker: 532348
  • Exchange: BSE
  • Founded: 1992
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: ₹17.253b
  • Shares outstanding: 549.47m
  • Website: https://www.subex.com

Number of Employees


Location

  • Subex Limited
  • Pritech Park – SEZ, Block-09
  • 4th Floor, B Wing
  • Bengaluru
  • Karnataka
  • 560103
  • India


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532348BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 2002
SUBEXLTDNSEI (National Stock Exchange of India)YesEquity SharesININRNov 2002
SUBXLSE (London Stock Exchange)GDR EACH REPR 1 SHS 'REG S'GBUSDMay 2006

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.