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About
Digispice Technologies Ltd (DIGISPICE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517214 NSE: DIGISPICE IT - Software | Small Cap | Digispice Tech. Share Price
₹16.83 0.48 (2.94%)
As on 11-Sep'26 16:59
Digispice Technologies Ltd (DIGISPICE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517214 NSE: DIGISPICE IT - Software | Small Cap | Digispice Tech. Share Price
₹16.83 0.48 (2.94%)
As on 11-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹395 Cr.
Current Price
₹16.8
52-Week Low / High
₹15 / 35
TTM EPS
₹0.8
TTM Sales
₹449 Cr.
Book Value per Share
₹10.2
P/E Ratio
21.23
Industry PE
20.8
Price to Book (P/B)
1.66
Lower than its 5-year historical median
Price to Sales (P/S)
0.88
Lower than its 5-year historical median
EV/EBITDA
2.85
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
10.37%
Outperforms industry median
Return on Capital Employed (ROCE)
10.91%
Outperforms industry median
Return on Assets (ROA)
2.93%
Operating Profit Margin
4.4%
Net Profit Margin
4.75%
Gross Profit Margin
9.3%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
72.64%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹168 Cr.
Equity
₹70.4 Cr.
Face Value
₹3
All Time Low / High
₹2.04 / 152.05
Check Before You Invest
Quality
Not GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Digispice Technologies Ltd a good quality company?
Digispice Technologies Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Digispice Technologies Ltd performance compare with that of its Peers?
Revenue growth of Digispice Technologies Ltd vs industry peers?
Digispice Technologies Ltd revenue CAGR is -8.18%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Digispice Technologies Ltd?
Promoters hold 72.64% of the Digispice Technologies Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Digispice Technologies Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 0.5% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Digispice Technologies Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -71.4% | -33.9% | 1.2% | -27.2% | -0.6% | -1% | 0.2% | -0.1% | -4.2% | -1.3% | - |
| Value Creation Index ⓘ | -6.1 | -3.4 | -0.9 | -2.9 | -1.0 | -1.1 | -1.0 | -1.0 | -1.3 | -1.1 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 155 | 144 | 157 | 121 | 111 | 113 | 0 | 0 | 0 | 0 | 0 |
| Sales YoY Gr. | - | -7% | 8.9% | -22.6% | -8.3% | 1.2% | -100% | NA | NA | NA | - |
| Adj EPS ⓘ | -4.9 | -3.9 | 0.4 | -4 | -0.3 | -0.2 | 0 | -0 | -0.4 | -0.1 | -0.2 |
| YoY Gr. | - | NA | NA | -1202.8% | NA | NA | NA | -300% | NA | NA | - |
| BVPS (₹) ⓘ | 4.4 | 14.9 | 15.3 | 10.7 | 10.5 | 10.5 | 9.9 | 10.4 | 7.9 | 7.8 | 7.2 |
| Adj Net Profit ⓘ | -89.2 | -78 | 7.3 | -80.1 | -6 | -3.6 | 0.5 | -0.7 | -8.2 | -1.7 | -4 |
| Cash Flow from Ops. ⓘ | 6.4 | -10.7 | -11.2 | 2.3 | 0.3 | 32.1 | -21.2 | -12.1 | -5.1 | -11 | - |
| Debt/CF from Ops. ⓘ | 0 | -1.6 | -2.1 | 6.3 | 49.2 | 0 | -0.6 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -100% | -100% | NA | NA | ||||
| Adj EPS ⓘ | NA | NA | -258.7% | NA | ||||
| BVPSⓘ | 6.7% | -5.8% | -7.8% | -1.8% | ||||
| Share Price | 0.5% | -21.8% | -20.5% | -35.5% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -73 | -41.1 | 2.4 | -30 | -2.7 | -1.6 | 0.2 | -0.3 | -4.2 | -1 | -2.3 |
| Op. Profit Mgn % ⓘ | -7.7 | -13.9 | -2.7 | -9.4 | -12.1 | -8.2 | 0 | 0 | 0 | 0 | NAN |
| Net Profit Mgn % ⓘ | -57.7 | -54.3 | 4.7 | -66.1 | -5.4 | -3.2 | 0 | 0 | 0 | 0 | -INF |
| Debt to Equity ⓘ | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0.1 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 106 | 270 | 390 | 502 | 437 | 321 | 0 | 0 | 0 | 0 | 0 |
| Cash Conv. Cycle ⓘ | -21 | -56 | -115 | -250 | -400 | -579 | 0 | 0 | 0 | 0 | 0 |
Valuation of Digispice Tech. - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,077 | 616 | 377 | 407 | 712 | 991 | 432 | 439 | 448 | 465 |
| Operating Expenses > ⓘ + | 1,092 | 633 | 363 | 401 | 699 | 977 | 429 | 426 | 452 | 444 |
| Operating Profit > ⓘ | -15 | -17 | 14 | 6 | 13 | 13 | 2 | 14 | -3 | 21 |
| Operating Profit Margin (%) | -1.3% | -2.8% | 3.7% | 1.5% | 1.8% | 1.3% | 0.6% | 3.1% | -0.7% | 4.4% |
| Other Income > ⓘ + | 35 | 20 | 20 | 12 | 24 | 22 | 20 | 27 | 25 | 25 |
| Interest > ⓘ | 14 | 8 | 3 | 4 | 2 | 1 | 1 | 2 | 3 | 2 |
| Depreciation > ⓘ | 26 | 20 | 18 | 21 | 23 | 20 | 22 | 7 | 6 | 8 |
| Profit Before Tax > ⓘ | -28 | -36 | 13 | -53 | 12 | 13 | -6 | 60 | -26 | 31 |
| Tax > ⓘ | 10 | 8 | 3 | 2 | 6 | 7 | -1 | 10 | 6 | 9 |
| Profit After Tax | -38 | -44 | 10 | -55 | 6 | 6 | -5 | 50 | -33 | 22 |
| PAT Margin (%) | -3.5% | -7.1% | 2.7% | -13.5% | 0.8% | 0.7% | -1.2% | 11.4% | -7.3% | 4.8% |
| Adjusted EPS (₹) | -2.0 | -2.2 | 0.5 | -2.8 | 0.6 | 0.3 | -1.0 | 0.6 | -1.9 | 0.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 100% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 279 | 277 | 277 | 214 | 227 | 239 | 222 | 238 | 203 | 223 | |
| Debt + | 6 | 34 | 57 | 25 | 33 | 54 | 84 | 26 | 77 | 82 | |
| Minority Interest | -8 | 13 | 15 | 9 | 4 | 6 | 1 | 2 | 4 | 2 | |
| Trade Payables | 39 | 51 | 76 | 68 | 58 | 70 | 53 | 14 | 17 | 15 | |
| Others Liabilities ⓘ | 218 | 51 | 79 | 73 | 182 | 307 | 324 | 365 | 407 | 477 | |
| Total Liabilities ⓘ | 533 | 427 | 505 | 389 | 503 | 675 | 684 | 644 | 708 | 799 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 155 | 132 | 127 | 124 | 92 | 90 | 72 | 59 | 70 | 65 | |
| CWIP ⓘ | 9 | 8 | 4 | 4 | 5 | 4 | 3 | 6 | 1 | 19 | |
| Investments ⓘ | 10 | 18 | 22 | 6 | 1 | 0 | 0 | 38 | 0 | 0 | |
| Inventories | 2 | 0 | 0 | 1 | 5 | 3 | 5 | 2 | 1 | 1 | |
| Trade Receivables | 54 | 37 | 74 | 46 | 56 | 71 | 34 | 22 | 27 | 29 | |
Cash Equivalents 
ⓘ
| 75 | 83 | 69 | 82 | 215 | 353 | 383 | 375 | 384 | 340 | |
| Others Assets ⓘ | 226 | 149 | 209 | 127 | 131 | 154 | 187 | 141 | 225 | 345 | |
| Total Assets ⓘ | 533 | 427 | 505 | 389 | 503 | 675 | 684 | 644 | 708 | 799 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -68 | -11 | -33 | 57 | 119 | 149 | 6 | 42 | 12 | 64 |
| Cash Flow From Investing Activity ⓘ + | 14 | 76 | -1 | -7 | -83 | -119 | -37 | 5 | 14 | -50 |
| Cash Flow From Financing Activity ⓘ + | 19 | -47 | 1 | -27 | 0 | -8 | 26 | -56 | 48 | 4 |
| Net Cash Flow ⓘ | -36 | 18 | -34 | 23 | 36 | 22 | -5 | -8 | 74 | 18 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -13.99 | -15.8 | 3.7 | -22.34 | 2.71 | 2.75 | -2.22 | 21.7 | -14.78 | 10.37 |
| ROCE (%) | -4.42 | -9.59 | 4.82 | -16.46 | 5.39 | 5.01 | -1.87 | 21.15 | -8.4 | 10.91 |
| Asset Turnover Ratio | 1.84 | 1.28 | 0.81 | 0.91 | 1.6 | 1.68 | 0.63 | 0.66 | 0.66 | 0.62 |
| PAT to CFO Conversion(x) | N/A | N/A | -3.3 | N/A | 19.83 | 24.83 | N/A | 0.84 | N/A | 2.91 |
| Working Capital Days | ||||||||||
| Receivable Days | 26.60 | 26.90 | 53.70 | 53.90 | 26.20 | 23.40 | 44.50 | 23.10 | 19.90 | 22.30 |
| Inventory Days | 9.80 | 0.70 | 0.20 | 0.40 | 1.30 | 1.40 | 3.20 | 2.80 | 1.30 | 0.60 |
| Payable Days | 60.60 | 53.50 | 0 | 0 | -7,246.70 | 0 | 5,063.70 | 1,643.50 | 355.70 | 361.10 |
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Digispice Technologies Ltd FAQs
The current trading price of Digispice Tech. on 11-Sep-2026 16:59 is ₹16.83.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of Digispice Tech. stood at ₹394.9 Cr
The latest P/E ratio of Digispice Tech. as of 10-Sep-2026 is 0.00.
The latest P/B ratio of Digispice Tech. as of 10-Sep-2026 is 2.35.
The 52-week high of Digispice Tech. is ₹35.20 and the 52-week low is ₹15.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Digispice Tech. is ₹0.00 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Digispice Technologies Ltd is a below average quality company.
The key valuation ratios of Digispice Technologies Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Digispice Technologies Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Digispice Technologies Ltd
Digispice Technologies Limited (formerly known as Spice Mobility Limited) is engaged in the business of digital transformation of private & public enterprises and Governments. While building a strong ecosystem over the last two decades, the Company has emerged as a technology solutions and communications platform provider globally. The Company, through its direct and step-down subsidiaries, is operating in India and South Asia and Africa. The Company through its wholly owned subsidiary “Spice Money Limited” is engaged in providing Digital Financial Services (Fintech Business).
Digispice is positioned as a trusted strategic partner in the digital transformation of private & public enterprises and governments. As a Digital Native company, the company leverage its core capabilities in engineering, analytics & automation, enabling customers to easily reinvent products, operations and business models. While building a strong ecosystem over the last two decades, it has emerged as its partners preferred choice to provide tech solutions for enterprise digital transformation, digital entertainment, digital financial services and digital government services globally.
Since 2000, the company is known to its customers as a thriving, innovation-led organization. With extensive experience in running telecom services in India (Spice Telecom), creating telecom-focused IT and content solutions and building fintech platforms and mobile ecosystems for government services, the company has catered to a diverse set of customer needs, whilst keeping pace with the rapid evolutions in the tech industry. Its in-depth knowledge of digital domains, acute technical insight, customer first approach and agile service delivery has helped it to achieve a leading position in the segments it operates in.
Business area of the company
The company is primarily engaged into the Information and Communication Technology business providing Value Added Services, and Mobile Content services to the domestic/international Telecom Operators. Also, the company undertakes development and sale of telecom related software.
Products and services
DiGi Entertainment Solutions: The company provides a wide range of digital entertainment solutions and digital media services that bring entertainment to your fingertips. Its offerings include innovative and highly functional entertainment solutions which give users instant access to a whole new world of infotainment. It is a leader in providing digital media and infotainment services to various Mobile Network Operators world-wide.
DiGi Government Solutions: The company aims to enable governments to leverage new technologies to accelerate economic & social development for better governance. Every government has a vision to build smart cities that use technology to deliver superior services to its citizens. The company is committed to building comprehensive digital solutions and partner with governments across the globe to help realise this dream.
DiGi Financial Solutions: The company’s DFS platform is a sophisticated, flexible and scalable financial enterprise solution that utilises state-of-the-art technologies to meet specific needs and goals of any organisation. Be it delivery of financial services through mobile enabled solutions, e-money models or other digital payment platforms, DiGiSPICE is a leader in providing the perfect solutions to Telcos, Banking, Financial Services & Insurance (BFSI) and Retail players to effectively cut costs, spike revenues and serve the underserved.
DiGi Enterprise Solutions: The company brings a range of highly advanced enterprise business solutions and enterprise IT solutions that keep organisations ahead of the game and future ready. It enables enterprises to harness the true potential of data analytics, robotics and AI to transform the way businesses operate the world over.
DiGi Identifier: The company brings a range of highly advanced enterprise business solutions and enterprise IT solutions that keep organisations ahead of the game and future ready. It enables enterprises to harness the true potential of data analytics, robotics and AI to transform the way businesses operate the world over.
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