Here is a data-driven look at Subex Limited (SUBEXLTD), covering financial performance, valuation, and shareholding trends.
Subex Revenue Trend
Revenue fell 7.5% year-over-year to ₹293 Cr in FY2025 for Subex Limited.
A mild but persistent revenue decline of 2.0% per year over 10 years has taken Subex Limited's top line from ₹360 Cr down to ₹293 Cr.
Subex Limited is a smaller computers - software company by revenue, with a top line of ₹293 Cr.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹293 Cr | -7.5% |
| FY2024 | ₹316 Cr | +10.3% |
| FY2023 | ₹287 Cr | -16.6% |
| FY2022 | ₹344 Cr | -8.7% |
| FY2021 | ₹377 Cr | — |
View Subex Limited's full 10-year revenue trend with CAGR analysis →
Subex Profitability
FY2025 diluted EPS of ₹-0.57 was up from the ₹-3.47 reported in FY2024.
Is Subex Undervalued
Subex Limited shares are currently trading at ₹12.58.
Craytheon calculates intrinsic value using the P/E Ratio, DCF, and EPS Growth models. All three appear in the Valuation Models cards below.
Valuation Models
Subex Shareholding Pattern
Subex Limited is a widely held company with no promoter group. Ownership is distributed across institutional and public shareholders.
On the foreign institutional side, the holding is 1.1% as of March 2026 — up from 0.8%.
No movement from DIIs — their 0.0% holding is unchanged year-over-year.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 0.0% | 1.1% | 0.0% | 97.6% |
| Dec 2025 | 0.0% | 0.9% | 0.0% | 97.8% |
| Sep 2025 | 0.0% | 0.8% | 0.0% | 97.9% |
| Jun 2025 | 0.0% | 0.8% | 0.0% | 97.9% |
Track quarterly shareholding changes for Subex Limited →
Subex Balance Sheet
Proportional view as of 24 Jul 2026. Hover blocks for details.
Assets
Liabilities & Equity
FY2025 total assets: ₹4.87B (down 8.1% YoY from ₹5.30B).
Top categories: Intangibles & Goodwill (40.3%), Other Assets (22.2%), Cash & ST Investments (19.3%).
Of the ₹4.87B in liabilities and equity, 62.5% is shareholder equity, 4.0% is interest-bearing debt, and 33.5% is operating liabilities. Over the year, debt is down 31.2% and equity is down 8.7%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 938.40M |
| Receivables | 776.20M |
| Property, Plant & Equipment | 44.40M |
| Investments | 69.10M |
| Intangibles & Goodwill | 1.96B |
| Other Assets | 1.08B |
| Category | Value |
|---|---|
| Equity | 3.04B |
| Short-term Debt | 89.80M |
| Long-term Debt | 104.00M |
| Trade Payables | 210.90M |
| Other Liabilities | 1.42B |
Subex Key Takeaways
Bringing the key threads together for Subex Limited (SUBEXLTD) as a computers - software investment opportunity.
Revenue of ₹293 Cr in FY2025, down 7.5% year-over-year.
Long-term revenue has been contracting at 2.0% annually over 10 years.
The company reported a net loss of ₹31.4 Cr in FY2025.
Unlock Full Analysis
For the complete 10-year financial history with interactive charts and growth analysis, explore Subex Limited's detailed profile on Craytheon.