ALFA Finder
| Market Cap | ₹1,194.26 CrSmall Cap |
|---|---|
| Revenue TTM | ₹292.11 CrOperating |
| Piotroski Score | 8Strong Financials |
| Order from | A major mobile network operator in the Asia Pacific region (unnamed) |
| Execution period | 5 years (with option to extend for additional 2 years) |
| Deal value | ₹47.5 Cr |
| Share of market cap | 4.0% |
| Share of annual revenue | 16.3% |
Key highlights
- Contract value fixed at US$ 5 million for a base duration of five years
- Project involves deploying Subex's Partner Ecosystem Management solutions
- Includes an option to extend the engagement for an additional two years
- Focuses on unifying mediation, billing, routing, and settlement on a single platform
- Designed to accelerate the onboarding of new business models for 5G and IoT services
What Is the Order?
Subex has been selected by an international mobile network operator to future-proof its Partner Ecosystem Management operations. The US$ 5 million deal covers the deployment of a unified platform to handle mediation, billing, routing, and settlement across diverse lines of business, including voice, messaging, and data. This five-year contract allows the operator to consolidate its wholesale portfolio, which includes international interconnect, MVNO, and next-generation 5G partnerships.
The solution aims to improve speed and precision in managing complex partner relationships while providing an operational foundation for emerging IoT and 5G revenue opportunities.
Client Profile
The contract was awarded by a major, unnamed mobile network operator based in the Asia-Pacific region. As telecom operators in this geography accelerate their shift toward 5G and diverse digital services, the need for agile partner management becomes critical. This international entity is transitioning away from legacy systems to a digital-first approach, seeking to bring various business lines onto a single convergent platform.
By partnering with Subex, the operator intends to streamline its buy-sell relationships and enhance its ability to bring new services to market quickly without technical constraints.
Financial Context
- Subex reported a consolidated TTM revenue of ₹292.11 crore with a net profit of ₹29.94 crore
- The company maintains a high Durability Score of 85, reflecting a stable financial position
- Operating profit margins for the most recent quarter stood at 18.88% with a YoY net profit growth of 11.01%
- The stock has demonstrated significant momentum with a 1-year price change of 65.11% and a Piotroski score of 8
- Valuation metrics show a TTM P/E of 39.89x compared to a 5-year average P/E of 63.96x
Strategic Growth Outlook
The next phase of telecom growth will be driven as much by the ecosystems operators build as by the networks they deploy. As 5G, IoT and new wholesale models expand, operators need the ability to bring partners and services to market quickly, without being constrained by legacy systems.
Business Overview
Bengaluru-based Subex Ltd is a global provider of AI-driven telecom solutions with over 30 years of industry expertise. The company specializes in business optimization and analytics, helping Communications Service Providers maximize revenue and reduce leakages. Its core portfolio includes Business Assurance, Fraud Management, and Partner Ecosystem Management.
By enabling frictionless operations through AI-powered automation, Subex supports operators in managing risk and optimizing partner settlements. This latest contract reinforces its standing in the Partner Ecosystem Management space, particularly as global telcos seek unified platforms for complex 5G and IoT ecosystems.
| Share price | ₹21.25 |
|---|---|
| Market capitalisation | ₹1,194.26 Cr |
| Revenue (annual) | ₹279.06 Cr |
| Net profit (annual) | ₹28.53 Cr |
| Revenue (latest quarter) | ₹79.45 Cr+8.90% vs previous quarter |
| Net profit (latest quarter) | ₹14.22 Cr+43.20% vs previous quarter |
| P/E (TTM) | 39.89×Sector 21.29× |
| Promoter holding | 0%0.00% QoQ |
| FII holding | 0.6%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Subex Limited announcing the award of a US$ 5 million contract from a major mobile network operator in the APAC region. Market figures from a third-party data provider.
