Should I buy Subex stock in 2025?

What is Subex?

How much is Subex stock?

The price of Subex stock is rising this week. As of now, the stock trades at ₹14.36 on NSE, showing a 0.77% gain over the last 24 hours and a strong 15.18% increase over the past week.

Subex holds a market capitalization of ₹812.30 crore, with a 3-month average trading volume of 5.36 million shares. The P/E ratio is currently negative due to ongoing losses, the dividend yield is 0%, and the stock’s beta stands at 0.88, reflecting moderate volatility.

With a recent technical breakout, short-term traders may find opportunities, though longer-term investors should weigh the company’s ongoing turnaround efforts.

Our full analysis on Subex stock

Having conducted a rigorous review of Subex’s latest financial results and share price trajectory over the last three years, and having synthesised various analyses—including technical signals, financial metrics, industry trends, and peer benchmarking—via our proprietary evaluation algorithms, we find that Subex is at a strategically significant point. Several key indicators now converge, potentially laying the groundwork for a fresh phase of outperformance within the Indian technology and AI-driven telecom sector. So, why might Subex stock once again become a strategic entry point into the next wave of digital transformation in 2025?

Recent Performance and Market Context

Subex’s stock is currently trading at ₹14.36 on the NSE, showing a robust +0.77% daily and +15.18% weekly movement, suggesting growing short-term interest and renewed investor attention. Despite a 37.4% decline over the last six months and a 50.8% drop year-on-year—reflecting the global tech sector’s correction and company-specific restructuring—Subex is now rebounding from its 52-week low of ₹10.55. The sharp weekly upturn, combined with a narrowing band toward higher support, signals that downside risk has contracted.

On the macro front, India’s digital economy remains buoyant, with telecom operators accelerating investment in AI-driven networks, fraud management, and digital trust platforms—the very domains where Subex maintains strong technological moats. The government’s ongoing push toward Digital India, 5G rollouts, and an open policy environment for next-generation AI solutions constitute a significant tailwind for the sector as a whole.

Significant recent events further set the stage: Subex improved its core telecom revenues, announced the sale of its non-core ID Central business, and streamlined operations—all moves pointing toward a refocused, leaner, and more tech-centric company. The appointment of a new statutory auditor provides governance clarity, an often-underestimated factor for institutional confidence.

Technical Analysis

Technically, the stock is sending a series of constructive signals. The Relative Strength Index (RSI) at 64.4 is in a neutral-to-bullish position, suggesting there is upside room before the stock becomes overbought. The MACD indicator at 0.30 issues a buy signal, supporting a case for further upward momentum.

Perhaps most compelling is the formation of an inverse head and shoulders pattern—a classic technical reversal signal—firmly in place after a prolonged downtrend. Importantly, Subex’s current price remains above both the 20-day EMA (₹12.85) and 50-day EMA (₹13.41), reinforcing near-term bullishness. Even though it sits below the 100-day and 200-day averages, the recent breakout points to a transition from bearish exhaustion to possible trend reversal.

Support at ₹11.00 now appears established; with resistance far above at ₹30.00, the risk/reward profile in the current range is particularly attractive for constructive investors. Volume supports the case—the past weeks have seen a surge, validating the breakout and signalling conviction behind recent price action.

Fundamental Analysis

From a fundamental standpoint, Subex’s results reveal a resilient core amid transformation turbulence. FY2025 revenue stood at ₹292.6 crore, with operating profit and net profit showing substantial improvements over the prior year. Notably, net loss narrowed dramatically from ₹-191.7 crore in FY2024 to ₹-31.4 crore in FY2025, and negative EPS similarly improved to ₹-0.56 (previously ₹-3.5). This demonstrable path toward profitability is an important inflection, especially when paired with continued cost discipline and operational streamlining.

The core telecom business, which anchors Subex’s revenue (₹280.2 crore in FY25, marginally up YoY), has now proven its stability, forming a platform from which the company can relaunch growth—particularly as digital trust, AI-based analytics, and 5G adoption accelerate sector-wide. Subex’s well-established client base (serving 75% of the world’s top 50 telcos) is a formidable asset, supporting recurring revenues and providing a pipeline for AI and cloud-based solution up-selling.

Valuation metrics underscore renewed attractiveness. While traditional P/E is negative due to recent losses, the price-to-book of 2.66 is competitive among Indian IT software peers, and the current market capitalization (~₹812 crore) offers significant upside relative to comparable businesses, especially as earnings visibility recovers.

Structurally, Subex distinguishes itself via almost zero debt exposure, a rare quality in the growth tech space, and is now sharply focused on innovation in telecom AI applications—a field with rapidly expanding addressable markets.

Volume and Liquidity

Liquidity is robust—with an average of 5.36 million shares changing hands daily over the past quarter. This volume not only underscores healthy institutional and retail participation but also suggests that price discoveries are credible and backed by genuine market interest.

Subex's broad public float (over 96% of outstanding shares) encourages active price formation and supports dynamic re-ratings as sentiment improves. Such characteristics lend themselves well to both trading and longer-term accumulation strategies.

Catalysts and Positive Outlook

A confluence of catalysts supports the positive medium- to long-term thesis:

• Telecom Sector Rebound: As India’s largest operators roll out 5G and invest in AI/automation, Subex is exceptionally well-positioned via flagship offerings in fraud management, revenue assurance, and data trust.
• Operational Streamlining: The disposal of non-core assets (e.g., ID Central) and focus on cost optimization have contributed to rapid EBITDA and PBT improvement, positioning Subex on an accelerated path to recovery.
• AI and Digital Trust Leadership: Continued R&D in AI, cyber risk, and digital identity solutions offers avenues for high-margin, scalable growth.
• Corporate Governance: The appointment of new auditors and tighter corporate control increase institutional comfort and reduce perceived risk.
• ESG and Innovation: Subex’s solutions directly address privacy, security, and regulatory priorities—attributes increasingly valued by both global telco customers and ESG-focused institutional investors.

Looking forward, the combination of sector momentum, structural cost discipline, and continuously deepening AI integration sets the stage for a sustainable recovery and re-rating.

Investment Strategies

Short-Term Perspective

With Subex’s price recently rebounding off multi-year lows, and technical signals distinctly positive (inverse head and shoulders, bullish MACD), a tactical entry around the current support zone offers:

• Potential for capture of further momentum-fuelled gains as the technical breakout consolidates.
• An asymmetric risk/reward setup, with stop-loss discipline around ₹11 and upward potential toward the ₹20–₹30 resistance band.

Medium-Term Perspective

Investors focused on the 3–12 month horizon may consider phased accumulation as evidence grows of business stabilization (improving EBITDA, normalization of telecom revenues) and sector-wide AI adoption quickens. Key triggers to monitor:

• Announcements of new client wins and contract renewals in core telecom AI products.
• Demonstrable margin expansion or steady sequential improvement in bottom-line metrics.

Long-Term Perspective

For those seeking a strategic positioning in India’s digital transformation, Subex exemplifies a classic recovery-and-growth story:

• Leading technology and market position among major telcos globally.
• Structural trends favoring its domains: 5G, AI, cybersecurity, and digital trust.
• Valuation at trough levels following a multi-year derating, with sizable re-rating potential as profitability resumes.

Early entry at current levels could thus align portfolios with the next phase of high-growth Indian technology leaders.

Is it the Right Time to Buy Subex?

Examining Subex today, its key strengths are increasingly clear:

• Stabilized core business with blue-chip global clientele.
• Robust technical formation and renewed trading momentum.
• A strong balance sheet with low leverage, targeted cost structure, and sharpened focus on high-value AI-led offerings.
• Sector tailwinds from 5G, Digital India, and AI deployment, further buoyed by governance improvements and strategic asset pruning.

While risks remain, particularly around the pace of revenue inflection and return to consistent profitability, the risk/reward dynamic at the current price seems unusually favourable. The intersection of technical breakout, credible turnaround progress, and sector-wide optimism justifies renewed interest.

For investors seeking to capture the rebound in India’s digital and AI-powered telecom story, Subex seems to represent an excellent opportunity to participate at a possible inflection point. The stock may be entering a new bullish phase—one in which ongoing operational recovery and sectoral growth could converge to deliver robust returns.

In a market that increasingly rewards innovation, cost discipline, and strategic clarity, Subex’s current setup offers a compelling backdrop for those interested in the next wave of value creation. For market participants attuned to opportunity and momentum, Subex stands poised at the threshold of a potential re-rating—making it a stock to watch very closely in the coming quarters.

How to buy Subex stock in IN?

Buying Subex stock online is a straightforward and safe process when you go through a regulated broker in India. Whether you choose the simplicity of direct (spot) buying or the flexibility of trading using Contracts for Difference (CFDs), you can start investing in just a few minutes by opening a brokerage account. Spot buying means you own the real shares, while CFD trading offers exposure to price movements with the option to use leverage. Both methods can be accessed securely on popular platforms. For a detailed comparison of brokers and their specific fees, see the comparison table further down the page.

Spot Buying

A cash (spot) purchase of Subex stock means you directly buy and own the shares listed on the NSE or BSE, becoming a shareholder of the company. In India, brokers typically charge a fixed commission per order, which ranges from ₹10 to ₹25 depending on the broker, plus small statutory charges.

Example

Example: Suppose the Subex share price is ₹14.36. With ₹1,000 (about $12), after including an estimated ₹50 in total fees, you could buy roughly 66 shares (₹950/₹14.36 ≈ 66).
✔️ Gain scenario: If the share price rises by 10%, your shares would be worth ₹1,100 (66 × ₹15.80).
Result: You gain ₹100, a +10% return on your investment, excluding taxes and minor additional charges.

Trading via CFD

CFD (Contract for Difference) trading allows you to speculate on Subex’s price movement without owning the actual shares. Instead, you contract with the broker to settle the difference in price from opening to closing your trade. CFD brokers in India typically charge a spread (small markup on the price), and overnight financing (swap) fees if you hold positions beyond market hours.

Example

Example: If you open a CFD position on Subex with ₹1,000 as margin and use 5x leverage, your market exposure becomes ₹5,000.
✔️ Gain scenario: If the Subex share price rises by 8%, your position gains 8% × 5 = 40%.
Result: That’s a ₹400 gain on your ₹1,000 stake, not including the broker’s spread and overnight fees.

Final Advice

Before you invest, it is wise to compare brokers’ commissions, account charges, tools, and the quality of their support services. Every investor’s needs and risk tolerances are unique, so choosing the right broker and investment method depends on your personal objectives—whether you value full ownership or higher trading flexibility. To help you make an informed decision, check out the detailed broker comparison available just below.

Our 7 tips for buying Subex stock

The latest news about Subex

Subex shares posted a significant weekly gain of over 15%, fueled by bullish technical indicators. The stock’s upward momentum is supported by a positive MACD buy signal and bullish closing above the 20-day and 50-day exponential moving averages. Technical analysts have highlighted an inverse head and shoulders formation on the chart, which classically signals a potential bullish reversal. This configuration, combined with strong trading volumes and the current price well above immediate support levels, suggests renewed market optimism for Subex in the very short term.

Despite reporting a net loss in Q4 FY2025, Subex’s full-year net loss narrowed substantially, signaling operational improvement. While Q4 results showed a net loss of ₹17.6 crore and a revenue decline, the annual net loss for FY2025 improved sharply to ₹31.4 crore from ₹191.7 crore in FY2024. Furthermore, normalized EBITDA improved both quarterly and year-on-year, reflecting ongoing successful cost optimization initiatives. These improvements in financial health, even amidst revenue headwinds, may be encouraging for investors seeking signs of a turnaround in a challenging environment.

Subex’s core telecom business demonstrated resilience, maintaining revenue stability despite sector pressures and a broader company downturn. In FY2025, telecom segment revenue remained virtually flat at ₹280.2 crore versus ₹280 crore the previous year, despite a sharp drop in non-telecom revenue. This core stability underpins the company’s ongoing relevance among global telecom operators—an especially robust foundation given Subex’s role in providing AI and digital trust solutions to approximately 75% of the world’s top 50 telcos.

The recent divestment of the ID Central business for ₹5.3 crore adds financial flexibility and strategic focus. Subex Digital LLP’s sale of its ID Central unit to Handy Online Solution Private Limited (OnGrid) demonstrates continued efforts to streamline operations and focus on its strongest business areas. Proceeds from this transaction are likely to enhance liquidity and allow Subex to allocate resources more effectively to its core AI-driven telecom operations, which remains a principal driver of future growth.

The appointment of new statutory auditors for a five-year term enhances governance and supports investor confidence. The proposal to appoint M/s. M.S.K.C & Associates LLP as statutory auditors underscores Subex’s commitment to robust corporate governance and transparent financial reporting. In an investment landscape where quality governance is closely watched by institutional and retail investors alike, such actions are viewed positively and may contribute to building greater trust with market participants.

FAQ

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P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.