Digispice Technologies Ltd.

•

digispice.comBSE: 517214NSE: DIGISPICE

Market Cap₹ 398 Cr.

Current Price

High / Low₹ 36 / 15

Stock P/E21.4

Book Value₹ 11

Price to Book1.70

Dividend Yield0.00 %

ROCE-8.4 %

ROE-14.5 %

Face Value₹ 3

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Financial Technology Services: 100.0%

AI Sector View

AI GENERATED

Information Technology

Buy

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.

Confidence

68%

View full sector analysis →

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

Information TechnologyITIT - Software

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TCS	2312.00	16.80	836501.83	4.76	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1128.00	15.11	457768.62	4.26	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1310.25	20.41	355557.97	4.12	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	176.60	13.23	174910.92	6.23	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1597.00	30.48	156527.36	3.19	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4516.00	25.61	133954.19	1.66	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	12050.00	30.75	104935.17	3.32	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5624.00	46.13	88718.60	0.71	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1963.70	49.51	86987.61	0.80	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2457.05	24.55	46899.54	2.52	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3498.50	28.11	37111.23	1.66	3571.00	1029.71	29401.00	1014.73	27.70	18.65
12.	DIGISPICE	16.97	21.41	398.24	0.00	6.60	-4.85	107.75	-12.94	-8.40	7.95

Detailed Comparison with:

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

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.89	72.74	72.64	72.96	72.96	72.76	72.70	72.70	72.64
	0.00	0.00	0.00	0.04	0.04	0.06	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	27.10	27.26	27.36	26.99	26.99	27.18	27.30	27.30	27.36

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-28

Copy of Newspaper Publication

2026-08-28 - DiGiSPICE Technologies Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-27

Updates

2026-08-27 - DiGiSPICE Technologies Limited has informed the Exchange regarding 'Letter sent to Shareholders under Regulation 36(1)(b)'.

2026-08-27

Shareholders meeting

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

Copy of Newspaper Publication

2026-08-19 - DiGiSPICE Technologies Limited has informed the Exchange about Copy of Newspaper Publication regarding 38th Annual General Meeting

2026-08-14

Copy of Newspaper Publication

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

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-12 - DiGiSPICE Technologies Limited has informed the Exchange about Transcript

2026-08-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-07 - DiGiSPICE Technologies Limited has informed the Exchange about Link of Recording

2026-08-06

Updates

2026-08-06 - DiGiSPICE Technologies Limited has informed the Exchange regarding 'Correction in UDIN _ Limited Review Report'.

2026-08-06

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-06 - DiGiSPICE Technologies Limited has informed the Exchange about Presentation

News

Recent coverage and analyst commentary for DIGISPICE

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Free 5nance Account

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

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

-3

-2

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

-1

-13

-8

Interest

Depreciation

Profit before Tax

-1

-6

-17

-9

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

-7

-20

-12

-0.04

0.25

0.15

1.81

0.19

-0.31

-0.80

-0.48

0.30

0.15

0.18

0.28

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

-3

OPM %

-2.51%

-1.35%

-2.79%

3.69%

1.54%

1.83%

1.35%

0.56%

3.08%

-0.75%

4.54%

-34

-14

Interest

Depreciation

Profit before Tax

-57

-28

-36

-53

-6

-26

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

-55

-5

-33

EPS

0.00

0.49

0.23

-0.89

0.57

-1.89

—

Dividend Payout %

0.00%

100.00%

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Minority Interest

-8

211

225

216

153

166

177

161

176

150

Trade Payables

220

216

180

306

323

363

395

Total Liabilities

638

533

427

505

389

503

675

684

644

708

180

155

132

127

124

Capital Work in Progress

Cash & Bank

127

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

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-61

-71

-17

118

137

Cash from Investing

-1

-7

-83

-119

-37

Cash from Financing

-47

-27

-8

-56

-36

-34

-5

-8

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

10.60

11.20

11.66

10.82

11.52

10.23

Dividend per Share (₹)

0.00

0.45

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

Inventory Days

Payable Days

-7247

5064

1643

356

-29

-24

-26

7274

-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%

156.48%

-432.99%

VALUATION

P/E (x)

0.00x

43.17x

0.00x

P/B (x)

0.00x

2.12x

1.70x

Dividend Yield %

0.00%

0.00x

3.83x

2.53x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

72.89

72.74

72.64

72.96

72.76

72.70

72.64

0.00

0.04

0.06

0.00

DIIs

0.00

Government

0.00

27.10

27.26

27.36

26.99

27.18

27.30

27.36

Digispice Technologies Ltd.

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Quarterly Results

Profit & Loss

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Digispice Technologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI