DiGiSPICE Technologies Ltd. (DIGISPICE) AI Stock Analysis

• Market Cap: ₹6.26B
• Dividend Yield: N/A
• Average Volume (3M): 87.41K
• Price to Earnings (P/E): 42.9
• Beta (1Y): 1.59
• Revenue Growth: 5.39%
• EPS Growth: -195.84%
• Country: IN
• Employees: 44
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 0.33
• Shares Outstanding: 233,646,100
• 10 Day Avg. Volume: 142,877
• 30 Day Avg. Volume: 87,411
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹33.00
• Price Target Upside: 23.13% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 59 Neutral
• Price Target: ₹33.00 ▲(23.13% Upside)

DiGiSPICE Technologies Ltd. receives a moderate overall stock score. The most significant factor is its mixed financial performance, with stable balance sheet metrics but profitability challenges. Technical analysis shows strong bullish momentum, though caution is advised due to overbought signals. Valuation is a concern due to negative earnings and lack of dividends, impacting the overall attractiveness of the stock.

DiGiSPICE Technologies Ltd. Business Overview & Revenue Model

Company Description

DiGiSPICE Technologies Limited operates as an information and communication technology company in India and internationally. It operates through two segments, Digital Technology Services and Financial Technology Services. The company provides value added and mobile content services to the telecom operators, as well as develops and sells telecom related software. It offers Horizon, an enabling platform for network operators, and acts as a gateway for their content and service partners; Mziiki, a music app and mobisite that provides African music experience; CNema, a video on demand mobile app; My Studio, a music service app; and NextGen CRBT platform for 4G and LTE networks that helps to provide video RBT, HD Audio RBT, Live Streaming RBT, and Social RBT to end users. The company also provides UNIGOV, a digital government solution, which offers citizen-centric services; Spice Money, a merchant-only mobile wallet; and DiGiMoney, a mobile wallet. In addition, it offers robotic process automation solutions; pView, an enterprise platform that simplifies operations by capturing, processing, and reporting data; Cognitive Engagement Platform for telecom operators; and DiGi Identifier, an AI driven remote biometric digital authentication on boarding technology platform that helps enterprises speed up customer on-boarding through automated document collection, authentication, and verification process. The company was formerly known as Spice Mobility Limited and changed its name to DiGiSPICE Technologies Limited in August 2019. The company was incorporated in 1986 and is based in Noida, India. DiGiSPICE Technologies Limited is a subsidiary of Spice Connect Private Limited.

How the Company Makes Money

DiGiSPICE Technologies Ltd. generates revenue through a diversified business model that includes multiple streams. The company earns money by offering value-added services (VAS) to telecom operators, which include mobile content and entertainment solutions. Additionally, DiGiSPICE provides enterprise solutions that cater to businesses looking to improve their mobile strategies and digital transformation processes. The company's digital financial services, which include mobile banking and payment solutions, also contribute to its revenue. Strategic partnerships with telecom operators and financial institutions play a significant role in expanding its market reach and enhancing its service offerings, thereby driving its earnings.

DiGiSPICE Technologies Ltd. Financial Statement Overview

Summary

DiGiSPICE Technologies Ltd. shows mixed financial performance. Improved cost management is evident with a better gross profit margin, but profitability is challenged by negative net margins and inconsistent revenue growth. The balance sheet is stable with low leverage, but negative returns on equity are concerning. Cash flow is generally positive, yet free cash flow conversion needs improvement.

Income Statement

DiGiSPICE Technologies Ltd. has shown volatility in its income statement. The gross profit margin has improved to 20.1% in the most recent year, reflecting better cost management, albeit with a declining revenue trend. However, the net profit margin is negative, indicating profitability challenges. Revenue growth has been inconsistent, with a decline of 5.2% in recent years. Despite an improvement in EBIT margin to 20.1%, the EBITDA margin has significantly dropped, suggesting issues in operational efficiency.

Balance Sheet

The balance sheet reflects a stable financial structure with a manageable debt-to-equity ratio of 0.37, indicating low leverage risk. However, the return on equity has turned negative due to net losses, affecting investor returns. The equity ratio remains healthy at approximately 29.8%, suggesting a solid equity base relative to total assets. The company's cash position is strong, contributing positively to overall financial stability.

Cash Flow

Cash flow analysis shows a mixed picture with a decline in free cash flow over the past year but a positive operating cash flow. The operating cash flow to net income ratio is strong, indicating efficient cash generation relative to earnings. However, the free cash flow to net income ratio indicates challenges in converting income into free cash. The company should focus on stabilizing cash outflows to enhance liquidity further.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.48B	4.73B	4.39B	10.15B	9.91B	7.12B
Gross Profit	676.53M	952.82M	726.28M	781.85M	910.53M	679.32M
EBITDA	12.80M	216.90M	681.64M	150.72M	333.65M	363.23M
Net Income	-427.62M	-391.39M	116.75M	-215.53M	54.24M	59.75M
Balance Sheet
Total Assets	7.13B	7.13B	6.49B	7.08B	7.00B	5.31B
Cash, Cash Equivalents and Short-Term Investments	3.84B	3.84B	3.75B	4.03B	2.65B	1.53B
Total Debt	789.72M	789.72M	260.40M	837.06M	540.66M	338.10M
Total Liabilities	4.96B	4.96B	4.02B	4.75B	4.47B	2.90B
Stockholders Equity	2.13B	2.13B	2.45B	2.32B	2.47B	2.38B
Cash Flow
Free Cash Flow	415.78M	27.52M	331.68M	-60.52M	1.34B	1.13B
Operating Cash Flow	457.44M	116.00M	417.55M	59.52M	1.49B	1.19B
Investing Cash Flow	-104.36M	137.30M	54.94M	-373.82M	-1.19B	-826.29M
Financing Cash Flow	180.98M	483.21M	-557.17M	-44.75M	-79.34M	3.26M

DiGiSPICE Technologies Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 26.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DIGISPICE, the sentiment is Positive. The current price of 26.8 is below the 20-day moving average (MA) of 27.60, above the 50-day MA of 25.15, and above the 200-day MA of 23.94, indicating a neutral trend. The MACD of 0.95 indicates Positive momentum. The RSI at 47.79 is Neutral, neither overbought nor oversold. The STOCH value of 17.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:DIGISPICE.

DiGiSPICE Technologies Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CYBERTECH	74 Outperform	₹5.36B	15.00	14.11%	2.33%	5.31%	39.54%
INSPIRISYS	69 Neutral	₹3.86B	10.92	54.21%	―	-27.51%	278.69%
TERASOFT	61 Neutral	₹5.62B	51.17	7.69%	0.22%	28.53%	103.81%
3IINFOLTD	60 Neutral	₹4.56B	5.57	8.26%	―	-10.35%	―
DIGISPICE	59 Neutral	₹6.26B	42.88	―	―	5.39%	-195.84%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

DiGiSPICE Technologies Ltd. Corporate Events

DiGiSPICE Technologies Announces Virtual AGM and E-Voting for 2025

DiGiSPICE Technologies Ltd. has announced the details for its 37th Annual General Meeting (AGM), scheduled for September 29, 2025, to be held virtually in compliance with regulatory requirements. The company has provided web links for accessing the AGM notice and the Annual Report for 2024-25, emphasizing the use of e-voting facilities to ensure shareholder participation. This move reflects the company’s commitment to transparency and regulatory compliance, potentially strengthening its relationship with stakeholders and enhancing its market position.

DiGiSPICE Technologies Schedules Q1 FY26 Earnings Call

DiGiSPICE Technologies Ltd. announced a scheduled conference call for investors and analysts to discuss the company’s Q1 FY26 earnings. This call, set for August 14, 2025, will provide insights into the company’s performance and strategic direction, potentially impacting stakeholder perceptions and market positioning.