Subex Limited (SUBEXLTD) - Net Assets

Latest as of September 2025: Rs3.23 Billion INR ≈ $34.90 Million USD

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 how tangible is Subex Limited's equity to evaluate the tangible quality of the company's equity base.

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. See Subex Limited (SUBEXLTD) defensive interval to measure how many days the company can operate on defensive assets alone.

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
Magadh Sugar & Energy Limited NSE:MAGADSUGAR	$70.09 Million
Wittchen SA WAR:WTN	$70.11 Million
DYPNF Co.Ltd KQ:104460	$70.11 Million
Apollo Power Ltd TA:APLP	$70.12 Million
Halla Eng&Cons KO:014790	$70.04 Million
DocCheck AG XETRA:AJ91	$70.00 Million
Mobiis Co. Ltd KQ:250060	$69.98 Million
CKM Building Material TWO:8930	$69.94 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: 2.12x
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 0.18x to 2.12x 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	Rs11.68	x
2006-03-31	Rs83.89	Rs11.68	x
2007-03-31	Rs261.54	Rs11.68	x
2008-03-31	Rs216.44	Rs11.68	x
2009-03-31	Rs143.70	Rs11.68	x
2010-03-31	Rs40.07	Rs11.68	x
2011-03-31	Rs21.19	Rs11.68	x
2012-03-31	Rs20.84	Rs11.68	x
2013-03-31	Rs16.51	Rs11.68	x
2014-03-31	Rs10.42	Rs11.68	x
2015-03-31	Rs12.18	Rs11.68	x
2016-03-31	Rs15.66	Rs11.68	x
2017-03-31	Rs13.51	Rs11.68	x
2018-03-31	Rs14.03	Rs11.68	x
2019-03-31	Rs14.24	Rs11.68	x
2020-03-31	Rs9.45	Rs11.68	x
2021-03-31	Rs9.95	Rs11.68	x
2022-03-31	Rs10.16	Rs11.68	x
2023-03-31	Rs9.49	Rs11.68	x
2024-03-31	Rs6.04	Rs11.68	x
2025-03-31	Rs5.52	Rs11.68	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: $3,762,634,125
Average return on equity (ROE) among peers: 0.98%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Subex Limited (SUBEXLTD)	Rs3.23 Billion	20.73%	0.60x	$70.09 Million
63 moons technologies limited (63MOONS)	$17.21 Billion	11.31%	0.59x	$333.03 Million
Black Box Limited (BBOX)	$-478.30 Million	0.00%	0.00x	$2.00 Billion
Bharatiya Global Infomedia Limited (BGLOBAL)	$195.36 Million	12.81%	0.28x	$541.43K
ZINKA LOGISTICS SOL LTD (BLACKBUCK)	$3.53 Billion	-82.37%	0.86x	$1.08 Billion
California Software Company Limited (CALSOFT)	$60.77 Million	7.17%	0.10x	$4.05 Million
eMudhra Limited (EMUDHRA)	$6.62 Billion	11.34%	0.13x	$410.41 Million
InfoBeans Technologies Limited (INFOBEAN)	$1.06 Billion	15.73%	0.08x	$44.31 Million
Intellect Design Arena Limited (INTELLECT)	$8.57 Billion	5.45%	0.64x	$1.13 Billion
Iris Business Services Limited (IRIS)	$411.42 Million	21.13%	0.87x	$53.51 Million
IZMO Limited (IZMO)	$443.39 Million	7.26%	0.31x	$165.75 Million

About Subex Limited

NSE:SUBEXLTD India Software - Application

Market Cap

$70.09 Million

Rs6.48 Billion INR

Market Cap Rank

#20685 Global

#1131 in India

Share Price

Rs11.68

Change (1 day)

-2.75%

52-Week Range

Rs6.68 - Rs14.69

All Time High

Rs72.50