Subex Ltd.

Financial

	Subex	Vakrangee	Aurionpro Solutions
Operational Metrics
Unclassified
Order Book as a % of Sales	n/a	n/a	n/a
Advertisement Spend as a % of Total Sales	1.68 %	n/a	n/a
Financials
5 yr Average ROE	-9.14 %	1.37 %	3.84 %
5yr average Equity Multiplier	1.31	1.64	1.72
5yr Average Asset Turnover Ratio	0.45	0.43	0.66
5yr Avg Net Profit Margin	-12.94 %	6.51 %	2.91 %
Price to Book	4.99	15.08	8.1
P/E	0.0	561.43	53.42
5yr Avg Cash Conversion Cycle	122.57 Days	-1733.15 Days	5159.04 Days
Inventory Days	0.0	5.51 Days	18.7 Days
Days Receivable	122.57 Days	76.06 Days	91.28 Days
Days Payable	12.69 Days	623.97 Days	401.21 Days
5yr Average Interest Coverage Ratio	2.13	0.55	5.87
5yr Avg ROCE	6.8 %	3.14 %	11.34 %
5yr Avg Operating Profit Margin	15.42 %	14.18 %	22.21 %
5 yr average Debt to Equity	0.0	0.14	0.22
5yr CAGR Net Profit	n/a	-47.57 %	9.9 %
5yr Average Return on Assets	-6.67 %	1.2 %	2.56 %
Shareholdings
Promoter Holding	0.0	42.6 %	29.91 %
Share Pledged by Promoters	0.0	7.75 %	21.23 %
Change in Promoter Holding (3 Yrs)	0.0	0.0	0.42 %
Change in Mutual Fund Holding (3 Yrs)	0.0	-0.03 %	0.0

Business

	Subex	Vakrangee	Aurionpro Solutions
Product Wise Break-Up	Product Wise Break-Up Software Services 100.0 Software Products 0 0 Computer consumables & peripherals 0 0 Sale of equipment and License 0 0	Product Wise Break-Up Sale of equipment and License 0 Software Products 0 Computer consumables & peripherals 0 Software Services 0 vakrangee kendra, including e-governance activities 100.0 0 0	Product Wise Break-Up Energy 40.33 Software Products 0 Computer consumables & peripherals 0 Software Services 0 0 Software Services 59.67 0
Location Wise Break-Up	Location Wise Break-Up EMEA 55.84 Rest of the World 25.66 USA 15.43 India 3.08 Asia Pacific 0	Location Wise Break-Up EMEA 0 India 100.0 Asia Pacific 0 USA 0 Rest of the World 0	Location Wise Break-Up EMEA 0 India 0 Asia Pacific 89.46 USA 0 Rest of the World 10.54
Contract Type	Contract Type Time & Material 69.83 Fixed Price Contracts 26.42 Others 3.75	-	-