Subex balance sheet

As of Mar 2026

Total assets: ₹552cr+13.3% on Mar 2025
Shareholders' equity: ₹343cr+12.6% on Mar 2025
Total debt: ₹0.0crNo figure a year before
Cash and investments: ₹107cr+58.1% on Mar 2025

₹ crore except per share

Tap a line for its trend	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets					FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	32.0	20.8	31.6	9.7
	196	196	196	344
	0.0	0.0	0.1	0.1
	6.9	6.9	1.7	1.7
	15.6	9.2	7.3	8.2
	22.5	16.1	9.0	9.8
	0.0	0.0	1.4	8.4
	12.8	39.4	41.1	70.0
	263	273	279	442
	25.0	15.5	7.3	12.2
	93.5	77.6	102	90.4
	82.2	52.4	67.8	52.4
	18.5	26.0	30.5	56.8
	1.4	2.8	1.0	1.3
	44.6	14.5	4.2	40.5
	265	189	212	254
	23.4	25.8	38.2	7.9
	288	214	250	261
	552	487	530	704
Equity
	281	281	281	281
	61.8	23.5	52.5	241
	343	304	334	522
	343	304	334	522
Liabilities
	28.7	10.4	18.4	—
	28.7	10.4	18.4	0.0
	0.0	0.5	2.7	2.2
	0.0	70.5	70.3	69.0
	71.1	0.0	0.0	24.8
	99.8	81.4	91.4	96.0
	0.0	0.0	0.0	8.6
	24.9	21.1	24.1	12.6
	42.7	38.9	42.0	19.0
	67.6	60.0	66.2	40.3
	0.0	8.3	6.4	6.6
	—	4.1	4.0	7.4
	41.6	28.7	28.2	31.5
	109	101	105	85.8
	209	182	196	182
	552	487	530	704
Trade payables — MSME split
	1.4	0.0	—	—
	23.5	21.1	—	—

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

SUBEXLTD₹16.55

Subex Limited

· Technology

₹ CrorePeersUNIECOM IRIS NUCLEUS RAMCOSYS VIRINCHI XELPMOC BLUECLOUDSMcap ₹930 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Non-current Assets
+ Property, Plant & Equipment	9.7	31.6	20.8	32.0	32.0
+ Goodwill	344.1	196.1	196.1	196.1	196.1
+ Other Intangibles	0.1	0.1	0.0	0.0	0.0
+ Non-current Investments	1.7	1.7	6.9	6.9	6.9
+ Other Non-current Financial Assets	8.2	7.3	9.2	15.6	15.6
Non-current Financial Assets	9.8	9.0	16.1	22.5	22.5
+ Deferred Tax Assets	8.4	1.4	0.0	0.0	0.0
+ Other Non-current Assets	70.0	41.1	39.4	12.8	12.8
Total Non-current Assets	442.1	279.3	272.5	263.5	263.5
Current Assets
+ Current Investments	12.2	7.3	15.5	25.0	25.0
+ Trade Receivables	90.4	101.6	77.6	93.5	93.5
+ Cash & Cash Equivalents	52.4	67.8	52.4	82.2	82.2
+ Other Bank Balances	56.8	30.5	26.0	18.5	18.5
+ Short-term Loans	1.3	1.0	2.8	1.4	1.4
+ Other Current Financial Assets	40.5	4.2	14.5	44.6	44.6
Current Financial Assets	253.6	212.2	188.7	265.1	265.1
+ Other Current Assets	7.9	38.2	25.8	23.4	23.4
Total Current Assets	261.5	250.4	214.4	288.5	288.5
Total Assets	703.6	529.7	487.0	551.9	551.9
Equity
+ Equity Share Capital	281.0	281.0	281.0	281.0	281.0
+ Other Equity / Reserves	240.8	52.5	23.5	61.8	61.8
Equity — Owners of Parent	521.8	333.5	304.5	342.8	342.8
Total Equity	521.8	333.5	304.5	342.8	342.8
Liabilities
+ Other Non-current Financial Liab	—	18.4	10.4	28.7	28.7
Non-current Financial Liabilities	0.0	18.4	10.4	28.7	28.7
+ Provisions — Non-current	2.2	2.7	0.5	0.0	0.0
+ Deferred Tax Liabilities	69.0	70.3	70.5	0.0	0.0
+ Other Non-current Liabilities	24.8	0.0	0.0	71.1	71.1
Non-current Liabilities	96.0	91.4	81.4	99.8	99.8
+ Borrowings — Current	8.6	0.0	0.0	0.0	0.0
+ Trade Payables	12.6	24.1	21.1	24.9	24.9
+ Other Current Financial Liab	19.0	42.0	38.9	42.7	42.7
Current Financial Liabilities	40.3	66.2	60.0	67.6	67.6
+ Provisions — Current	6.6	6.4	8.3	0.0	0.0
+ Current Tax Liabilities	7.4	4.0	4.1	—	—
+ Other Current Liabilities	31.5	28.2	28.7	41.6	41.6
Current Liabilities	85.8	104.9	101.1	109.3	109.3
Total Liabilities	181.8	196.2	182.5	209.1	209.1
Total Equity & Liabilities	703.6	529.7	487.0	551.9	551.9
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	0.0	1.4	1.4
+ Dues to Other Creditors — Current	—	—	21.1	23.5	23.5

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.