Management Meet Update - Subex Ltd - ICICI Direct

We attended the virtual analyst meet of Subex. The company was founded in 1992 and provides software products & related services to communication services providers globally. Subex historically made acquisitions, which impacted its financials and led to higher debt. It also led to exit of its founders. Over the years, the company has managed to reduce debt significantly and stabilised its operations. Going forward, Subex believes it can grow its core business (~95% of revenues) at 10% while remaining (5% or $2 million) new business is expected to grow to US$18 million in coming years. Hence, with a combination of the above, we believe the company is poised to grow at a CAGR of 18-20% in coming years.

For details, click on the link below: Link to the report

Shares of SUBEX LTD. was last trading in BSE at Rs.59 as compared to the previous close of Rs. 57.9. The total number of shares traded during the day was 1425862 in over 5613 trades.

The stock hit an intraday high of Rs. 60.95 and intraday low of 58.15. The net turnover during the day was Rs. 84840420.

Source : Equity Bulls

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