₹17.28
-2.26% today
· 30d +22.12%
as of 2026-09-04
Price · Daily Candles
“Subex sees Public stake dip as FIIs nibble, but growth projections remain muted.”
Subex, a ₹606 Cr Software - Application company, recently reported a 3.34% YoY increase in quarterly revenue to ₹73.0 Cr. Despite this, its annual revenue declined by 2.29% YoY to ₹279.0 Cr. Valuation stands at a TTM PE of 21.43, with a ROCE of 13.0%, indicating a reasonable valuation but muted profitability compared to peers.
BULL CASE
+Q4 2026 revenue increased 3.34% YoY to ₹73.0 Cr, despite softer annual performance.
+Quarterly net profit rose to ₹10.0 Cr, with an operating profit margin of 20.72%.
+FIIs increased their stake by 0.18% in Q1 2026, reaching 1.1% of shareholding.
BEAR CASE
−Annual revenue for FY26 declined by 2.29% YoY to ₹279.0 Cr.
−ML models predict weak growth for EBIT over 1-year periods across recent (rank 0.173), rolling (rank 0.333), and stable (rank 0.375) horizons.
−The stock has returned -21.0% over the last 1 year and is 36.3% off its 52-week high of ₹17.19.
−Current ROCE of 13.0% is significantly lower than some sector peers like TATAELXSI (37.74%) and KFINTECH (32.73%).
⟳ What Changed
₹ Latest Earnings · Q ending 2026-06-30
REVENUE
₹79 Cr
+19.65% YoY
NET PROFIT
₹14 Cr
+11.01% YoY
OPM
23.4%
-0.61pp YoY
EPS
₹0.26
PE 21.43
Intrinsic value · DCF ₹27.87 · Margin of safety +61.3% (undervalued) · FCF yield 7.06%
◇ Sector Position
Subex's TTM PE of 21.43 is lower than sector leaders like TATAELXSI (42.98) and BBOX (84.79), but its ROCE of 13.0% lags significantly behind peers like TATAELXSI (37.74%) and INTELLECT (21.02%).
PEERPEROCE %
SUBEXLTD21.4313.0
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ML Forward Growth Predictions 🔒
57
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
STRONG
90
Valuation
REASONABLE
60
Growth
MUTED
32
Profitability
DECENT
68
Technicals
NEUTRAL
63
Risk
ELEVATED
30
Key Stats
TTM PE
21.43
P/B
1.94
52W HIGH
₹19.39
OFF HIGH
-10.88%
MKT CAP
₹957 Cr
◉ Active Signals
MACDNeutral-0.0804
RSI(14)Bullish60.64
⧉ Strategy Fit 🔒