Digispice Technologies Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Financial Technology Services: 100.0%
AI Sector View
AI GENERATEDInformation Technology
IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.
PROS
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 4.84x)
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- Company is loss-making at the operating / net level
- Interest coverage is weak at -9.3x - earnings barely cover interest
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on capital employed of 3.6%
- Company has a low return on equity of 1.7% over last 3 years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TCS | 2312.00 | 16.80 | 836501.83 | 4.76 | 13420.00 | 4.69 | 72275.00 | 13.93 | 66.25 | 25.67 |
| INFY | 1128.00 | 15.11 | 457768.62 | 4.26 | 7775.00 | 12.29 | 48211.00 | 14.03 | 42.84 | 23.66 |
| HCLTECH | 1310.25 | 20.41 | 355557.97 | 4.12 | 4626.00 | 20.34 | 34579.00 | 13.94 | 31.20 | 19.87 |
| WIPRO | 176.60 | 13.23 | 174910.92 | 6.23 | 3356.30 | 0.59 | 24478.60 | 10.59 | 18.49 | 18.93 |
| TECHM | 1597.00 | 30.48 | 156527.36 | 3.19 | 1486.30 | 31.67 | 15711.90 | 17.68 | 23.04 | 17.43 |
| LTM | 4516.00 | 25.61 | 133954.19 | 1.66 | 1468.60 | 17.06 | 11608.00 | 17.96 | 30.25 | 17.75 |
| OFSS | 12050.00 | 30.75 | 104935.17 | 3.32 | 1415.50 | 120.52 | 3125.20 | 68.73 | 45.50 | 60.04 |
| PERSISTENT | 5624.00 | 46.13 | 88718.60 | 0.71 | 483.04 | 13.67 | 4303.23 | 29.09 | 35.09 | 16.19 |
| COFORGE | 1963.70 | 49.51 | 86987.61 | 0.80 | 531.70 | 49.19 | 5527.70 | 49.86 | 24.70 | 19.14 |
| MPHASIS | 2457.05 | 24.55 | 46899.54 | 2.52 | 489.51 | 10.82 | 4384.05 | 17.46 | 23.31 | 18.15 |
| LTTS | 3498.50 | 28.11 | 37111.23 | 1.66 | 3571.00 | 1029.71 | 29401.00 | 1014.73 | 27.70 | 18.65 |
| DIGISPICE | 16.97 | 21.41 | 398.24 | 0.00 | 6.60 | -4.85 | 107.75 | -12.94 | -8.40 | 7.95 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 111 | 113 | 110 | 106 | 110 | 109 | 113 | 117 | 124 | 125 | 109 | 107 | 108 | |
| 110 | 109 | 108 | 100 | 109 | 112 | 115 | 116 | 117 | 118 | 103 | 106 | 102 | |
| Operating Profit | 1 | 4 | 3 | 6 | 1 | -3 | -2 | 1 | 6 | 7 | 6 | 1 | 6 |
| OPM % | 0.85% | 3.38% | 2.41% | 6.08% | 0.50% | -2.73% | -1.44% | 0.60% | 5.17% | 5.56% | 5.53% | 1.10% | 5.77% |
| -0 | 7 | 6 | 44 | 7 | -1 | -13 | -8 | 6 | 6 | 2 | 7 | 8 | |
| Interest | 1 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 4 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before Tax | -1 | 9 | 7 | 45 | 6 | -6 | -17 | -9 | 10 | 10 | 5 | 6 | 10 |
| Tax % | 6.74% | 36.45% | 47.80% | 8.01% | 29.00% | -25.57% | -7.67% | -19.96% | 26.11% | 28.54% | 33.99% | 29.14% | 32.25% |
| Net Profit | 0 | 0 | 0 | 0 | 2 | -7 | -20 | -12 | 7 | 7 | 2 | 3 | 7 |
| -0.04 | 0.25 | 0.15 | 1.81 | 0.19 | -0.31 | -0.80 | -0.48 | 0.30 | 0.30 | 0.15 | 0.18 | 0.28 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,791 | 1,077 | 616 | 377 | 407 | 712 | 991 | 432 | 439 | 448 | 449 | |
| 1,836 | 1,092 | 633 | 363 | 401 | 699 | 977 | 429 | 426 | 452 | 428 | |
| Operating Profit | -45 | -15 | -17 | 14 | 6 | 13 | 13 | 2 | 14 | -3 | 20 |
| OPM % | -2.51% | -1.35% | -2.79% | 3.69% | 1.54% | 1.83% | 1.35% | 0.56% | 3.08% | -0.75% | 4.54% |
| 23 | 27 | 9 | 20 | -34 | 24 | 21 | 14 | 56 | -14 | 23 | |
| Interest | 6 | 14 | 8 | 3 | 4 | 2 | 1 | 1 | 2 | 3 | 2 |
| Depreciation | 29 | 26 | 20 | 18 | 21 | 23 | 20 | 22 | 7 | 6 | 8 |
| Profit before Tax | -57 | -28 | -36 | 13 | -53 | 12 | 13 | -6 | 60 | -26 | 32 |
| Tax % | -16.67% | -36.69% | -21.54% | 21.87% | -3.74% | 51.83% | 51.28% | 20.74% | 16.85% | -24.91% | 30.73% |
| Net Profit | -67 | -38 | -44 | 10 | -55 | 6 | 6 | -5 | 50 | -33 | 22 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.49 | 0.23 | -0.89 | 0.57 | -1.89 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -12%
- 5 Years:
- 2%
- 3 Years:
- -23%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- -20%
- 3 Years:
- -23%
- 1 Year:
- -31%
RETURN ON EQUITY
- 10 Years:
- -6%
- 5 Years:
- 2%
- 3 Years:
- 2%
- Last Year:
- -14%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 54 | 54 | 61 | 61 | 61 | 61 | 61 | 62 | 62 | 62 |
| Minority Interest | 35 | -8 | 13 | 15 | 9 | 4 | 6 | 1 | 2 | 4 |
| 211 | 225 | 216 | 216 | 153 | 166 | 177 | 161 | 176 | 150 | |
| 59 | 8 | 35 | 58 | 27 | 35 | 54 | 84 | 27 | 80 | |
| Trade Payables | 220 | 39 | 51 | 76 | 68 | 58 | 70 | 53 | 14 | 17 |
| 60 | 216 | 51 | 79 | 71 | 180 | 306 | 323 | 363 | 395 | |
| Total Liabilities | 638 | 533 | 427 | 505 | 389 | 503 | 675 | 684 | 644 | 708 |
| 180 | 155 | 132 | 127 | 124 | 92 | 90 | 72 | 59 | 70 | |
| Capital Work in Progress | 0 | 5 | 0 | 1 | 1 | 2 | 4 | 0 | 0 | 0 |
| 32 | 10 | 18 | 22 | 6 | 1 | 0 | 0 | 38 | 0 | |
| 55 | 2 | 0 | 0 | 1 | 5 | 3 | 5 | 2 | 1 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22 | 27 | |
| Cash & Bank | 127 | 75 | 83 | 69 | 82 | 215 | 353 | 383 | 375 | 384 |
| 244 | 285 | 193 | 286 | 176 | 189 | 226 | 224 | 148 | 225 | |
| Total Assets | 638 | 533 | 427 | 505 | 389 | 503 | 675 | 684 | 644 | 708 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -61 | -71 | 5 | -17 | 69 | 118 | 137 | 20 | 42 | 12 | |
| Cash from Investing | 41 | 14 | 76 | -1 | -7 | -83 | -119 | -37 | 5 | 14 |
| Cash from Financing | 36 | 19 | -47 | 1 | -27 | 0 | -8 | 26 | -56 | 48 |
| 13 | -36 | 18 | -34 | 23 | 36 | 22 | -5 | -8 | 74 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | -3.79 | -1.98 | -2.22 | 0.45 | -2.76 | 0.57 | 0.26 | -1.00 | 0.57 | -1.89 |
| Book Value (₹) | 14.65 | 15.44 | 13.72 | 13.72 | 10.60 | 11.20 | 11.66 | 10.82 | 11.52 | 10.23 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.45 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -2.06 | -0.68 | -1.19 | 1.40 | -1.69 | 1.42 | 1.28 | 0.81 | 2.77 | -1.28 |
| PROFITABILITY | ||||||||||
| Operating Margin % | -1.23% | 1.91% | 0.42% | 8.95% | 4.47% | 5.24% | 3.57% | 5.14% | 3.08% | -0.75% |
| Net Margin % | -3.72% | -3.53% | -7.13% | 2.72% | -13.46% | 0.84% | 0.65% | -1.19% | 11.36% | -7.26% |
| ROE % | -20.86% | -13.99% | -15.80% | 3.70% | -22.34% | 2.71% | 2.75% | -2.22% | 21.70% | -14.47% |
| ROCE % | -14.57% | -4.42% | -9.59% | 4.82% | -16.46% | 5.39% | 5.01% | -1.87% | 21.15% | -8.40% |
| -9.00% | -6.50% | -9.15% | 2.20% | -12.26% | 1.34% | 1.09% | -0.75% | 7.52% | -4.82% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 24 | 27 | 27 | 54 | 54 | 26 | 23 | 44 | 23 | 20 |
| Inventory Days | 17 | 10 | 1 | 0 | 0 | 1 | 1 | 3 | 3 | 1 |
| Payable Days | 71 | 61 | 53 | 0 | 0 | -7247 | 0 | 5064 | 1643 | 356 |
| -29 | -24 | -26 | 54 | 54 | 7274 | 25 | -5016 | -1618 | -334 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 0.20x | 0.02x | 0.12x | 0.21x | 0.12x | 0.15x | 0.23x | 0.38x | 0.11x | 0.36x |
| Interest Coverage (x) | -9.13x | -0.92x | -3.78x | 6.00x | -11.50x | 8.77x | 12.15x | -8.06x | 30.70x | -9.31x |
| 1.21x | 1.15x | 1.61x | 1.39x | 1.09x | 1.15x | 1.09x | 1.06x | 1.20x | 1.25x | |
| GROWTH | ||||||||||
| Revenue Growth % | 12.85% | -39.86% | -42.83% | -38.82% | 8.07% | 74.89% | 39.11% | -56.44% | 1.83% | 2.06% |
| Operating Profit Growth % | 38.86% | 192.94% | -87.47% | 1209.73% | -46.02% | 105.07% | -5.32% | -37.18% | 82.11% | -46.96% |
| Net Profit Growth % | 78.26% | 42.87% | -15.41% | 123.34% | -635.01% | 110.90% | 7.15% | -180.11% | 1073.12% | -165.20% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 156.48% | -432.99% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 43.17x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.12x | 1.70x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.83x | 2.53x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-28 - DiGiSPICE Technologies Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-27 - DiGiSPICE Technologies Limited has informed the Exchange regarding 'Letter sent to Shareholders under Regulation 36(1)(b)'.
2026-08-27 - DiGiSPICE Technologies Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 22, 2026
2026-08-19 - DiGiSPICE Technologies Limited has informed the Exchange about Copy of Newspaper Publication regarding 38th Annual General Meeting
2026-08-14 - Newspaper Publication for Notice of hearing of Company Scheme Petition pursuant to Hon'ble NCLT order dated 06th August, 2026
2026-08-12 - DiGiSPICE Technologies Limited has informed the Exchange about Transcript
2026-08-07 - DiGiSPICE Technologies Limited has informed the Exchange about Link of Recording
2026-08-06 - DiGiSPICE Technologies Limited has informed the Exchange regarding 'Correction in UDIN _ Limited Review Report'.
2026-08-06 - DiGiSPICE Technologies Limited has informed the Exchange about Presentation
News
Recent coverage and analyst commentary for DIGISPICE
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