Subex Limited (SUBEXLTD) - Net Assets
Based on the latest financial reports, Subex Limited (SUBEXLTD) has net assets worth Rs3.23 Billion INR (≈ $34.90 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs5.17 Billion ≈ $55.95 Million USD) and total liabilities (Rs1.95 Billion ≈ $21.05 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Subex Limited to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs3.23 Billion |
| % of Total Assets | 62.38% |
| Annual Growth Rate | 4.59% |
| 5-Year Change | -44.49% |
| 10-Year Change | -58.12% |
| Growth Volatility | 98.86 |
Subex Limited - Net Assets Trend (2005–2025)
This chart illustrates how Subex Limited's net assets have evolved over time, based on quarterly financial data. Also explore Subex Limited total assets for the complete picture of this company's asset base.
Annual Net Assets for Subex Limited (2005–2025)
The table below shows the annual net assets of Subex Limited from 2005 to 2025. For live valuation and market cap data, see Subex Limited (SUBEXLTD) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs3.04 Billion ≈ $32.93 Million |
-8.70% |
| 2024-03-31 | Rs3.34 Billion ≈ $36.07 Million |
-36.09% |
| 2023-03-31 | Rs5.22 Billion ≈ $56.44 Million |
-7.42% |
| 2022-03-31 | Rs5.64 Billion ≈ $60.96 Million |
+2.76% |
| 2021-03-31 | Rs5.49 Billion ≈ $59.32 Million |
+6.43% |
| 2020-03-31 | Rs5.15 Billion ≈ $55.74 Million |
-35.10% |
| 2019-03-31 | Rs7.94 Billion ≈ $85.88 Million |
+1.88% |
| 2018-03-31 | Rs7.79 Billion ≈ $84.29 Million |
+13.94% |
| 2017-03-31 | Rs6.84 Billion ≈ $73.98 Million |
-5.90% |
| 2016-03-31 | Rs7.27 Billion ≈ $78.62 Million |
+247.78% |
| 2015-03-31 | Rs2.09 Billion ≈ $22.61 Million |
+20.40% |
| 2014-03-31 | Rs1.74 Billion ≈ $18.78 Million |
-22.83% |
| 2013-03-31 | Rs2.25 Billion ≈ $24.33 Million |
+55.59% |
| 2012-03-31 | Rs1.45 Billion ≈ $15.64 Million |
-30.95% |
| 2011-03-31 | Rs2.09 Billion ≈ $22.65 Million |
-27.17% |
| 2010-03-31 | Rs2.88 Billion ≈ $31.10 Million |
-42.58% |
| 2009-03-31 | Rs5.01 Billion ≈ $54.15 Million |
-33.58% |
| 2008-03-31 | Rs7.54 Billion ≈ $81.54 Million |
-10.32% |
| 2007-03-31 | Rs8.41 Billion ≈ $90.92 Million |
+364.20% |
| 2006-03-31 | Rs1.81 Billion ≈ $19.59 Million |
+45.94% |
| 2005-03-31 | Rs1.24 Billion ≈ $13.42 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Subex Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 58020000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs2.81 Billion | 92.29% |
| Other Comprehensive Income | Rs-807.50 Million | -26.52% |
| Other Components | Rs1.62 Billion | 53.29% |
| Total Equity | Rs3.04 Billion | 100.00% |
Subex Limited Competitors by Market Cap
The table below lists competitors of Subex Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JAKS Resources Bhd
KLSE:4723
|
$56.05 Million |
|
Cho Bi
KO:001550
|
$56.05 Million |
|
Thunderbird Entertainment Group Inc
V:TBRD
|
$56.05 Million |
|
HeiTech Padu Bhd
KLSE:5028
|
$56.06 Million |
|
Camus Engineering & Construction Inc
KO:013700
|
$56.04 Million |
|
INICS Corp.
KQ:452400
|
$56.01 Million |
|
AmFIRST Real Estate Investment Trust
KLSE:5120
|
$56.01 Million |
|
Melhus Sparebank
OL:MELG
|
$56.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Subex Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,335,100,000 to 3,044,800,000, a change of -290,300,000 (-8.7%).
- Net loss of 314,400,000 reduced equity.
- Other comprehensive income increased equity by 25,200,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs-314.40 Million | -10.33% |
| Other Comprehensive Income | Rs25.20 Million | +0.83% |
| Other Changes | Rs-1.10 Million | -0.04% |
| Total Change | Rs- | -8.70% |
Book Value vs Market Value Analysis
This analysis compares Subex Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.69x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.15x to 1.69x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | Rs63.37 | Rs9.34 | x |
| 2006-03-31 | Rs83.89 | Rs9.34 | x |
| 2007-03-31 | Rs261.54 | Rs9.34 | x |
| 2008-03-31 | Rs216.44 | Rs9.34 | x |
| 2009-03-31 | Rs143.70 | Rs9.34 | x |
| 2010-03-31 | Rs40.07 | Rs9.34 | x |
| 2011-03-31 | Rs21.19 | Rs9.34 | x |
| 2012-03-31 | Rs20.84 | Rs9.34 | x |
| 2013-03-31 | Rs16.51 | Rs9.34 | x |
| 2014-03-31 | Rs10.42 | Rs9.34 | x |
| 2015-03-31 | Rs12.18 | Rs9.34 | x |
| 2016-03-31 | Rs15.66 | Rs9.34 | x |
| 2017-03-31 | Rs13.51 | Rs9.34 | x |
| 2018-03-31 | Rs14.03 | Rs9.34 | x |
| 2019-03-31 | Rs14.24 | Rs9.34 | x |
| 2020-03-31 | Rs9.45 | Rs9.34 | x |
| 2021-03-31 | Rs9.95 | Rs9.34 | x |
| 2022-03-31 | Rs10.16 | Rs9.34 | x |
| 2023-03-31 | Rs9.49 | Rs9.34 | x |
| 2024-03-31 | Rs6.04 | Rs9.34 | x |
| 2025-03-31 | Rs5.52 | Rs9.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Subex Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -10.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.01%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 1.60x
- Recent ROE (-10.33%) is below the historical average (-1.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 20.73% | 22.07% | 0.67x | 1.41x | Rs133.11 Million |
| 2006 | 20.90% | 20.86% | 0.84x | 1.19x | Rs197.37 Million |
| 2007 | 8.04% | 19.82% | 0.19x | 2.12x | Rs-165.07 Million |
| 2008 | -9.03% | -14.02% | 0.26x | 2.45x | Rs-1.43 Billion |
| 2009 | -37.62% | -33.73% | 0.29x | 3.79x | Rs-2.38 Billion |
| 2010 | 34.88% | 21.66% | 0.38x | 4.26x | Rs715.42 Million |
| 2011 | 37.62% | 16.32% | 0.45x | 5.13x | Rs578.37 Million |
| 2012 | 22.02% | 6.66% | 0.43x | 7.60x | Rs173.81 Million |
| 2013 | -26.64% | -18.13% | 0.30x | 4.84x | Rs-824.47 Million |
| 2014 | -6.69% | -3.41% | 0.31x | 6.30x | Rs-289.75 Million |
| 2015 | 4.89% | 2.84% | 0.32x | 5.42x | Rs-106.90 Million |
| 2016 | 8.08% | 18.16% | 0.31x | 1.43x | Rs-139.75 Million |
| 2017 | -6.32% | -12.10% | 0.37x | 1.40x | Rs-1.12 Billion |
| 2018 | 2.65% | 6.38% | 0.36x | 1.15x | Rs-572.65 Million |
| 2019 | 3.18% | 7.24% | 0.39x | 1.13x | Rs-541.90 Million |
| 2020 | -52.22% | -73.74% | 0.54x | 1.32x | Rs-3.21 Billion |
| 2021 | 9.43% | 13.90% | 0.51x | 1.32x | Rs-31.35 Million |
| 2022 | 3.72% | 6.33% | 0.46x | 1.28x | Rs-353.77 Million |
| 2023 | -9.81% | -18.38% | 0.40x | 1.35x | Rs-1.03 Billion |
| 2024 | -57.49% | -61.90% | 0.58x | 1.59x | Rs-2.25 Billion |
| 2025 | -10.33% | -11.01% | 0.59x | 1.60x | Rs-618.88 Million |
Industry Comparison
This section compares Subex Limited's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $6,026,776,087
- Average return on equity (ROE) among peers: -48.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Subex Limited (SUBEXLTD) | Rs3.23 Billion | 20.73% | 0.60x | $56.05 Million |
| 63 moons technologies limited (63MOONS) | $31.20 Billion | 7.81% | 0.26x | $372.07 Million |
| Black Box Limited (BBOX) | $3.06 Billion | 1.21% | 2.94x | $1.23 Billion |
| Bharatiya Global Infomedia Limited (BGLOBAL) | $911.29 Million | 1.21% | 0.24x | $531.15K |
| ZINKA LOGISTICS SOL LTD (BLACKBUCK) | $5.85 Billion | -48.64% | 0.54x | $1.08 Billion |
| California Software Company Limited (CALSOFT) | $150.48 Million | -515.33% | 7.36x | $2.40 Million |
| eMudhra Limited (EMUDHRA) | $7.47 Billion | 11.33% | 0.16x | $433.25 Million |
| InfoBeans Technologies Limited (INFOBEAN) | $281.77 Million | 19.71% | 0.13x | $47.18 Million |
| Intellect Design Arena Limited (INTELLECT) | $10.57 Billion | 1.51% | 0.77x | $1.12 Billion |
| Iris Business Services Limited (IRIS) | $330.63 Million | 26.89% | 0.85x | $53.46 Million |
| IZMO Limited (IZMO) | $443.39 Million | 7.26% | 0.31x | $114.72 Million |
About Subex Limited
Subex Limited provides operations and business support systems to communication service providers (CSPs) worldwide. The company offers fraud management solutions that address fraud across various services, including bypass, handset, international revenue share fraud, robocalling, and SMS fraud solutions, as well as scam and spam calls. It also provides a signaling risk intelligence solution, whic… Read more