DiGiSPICE Technologies Ltd. (DIGISPICE) AI Stock Analysis

• Market Cap: ₹5.22B
• Dividend Yield: N/A
• Average Volume (3M): 56.43K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.69
• Revenue Growth: 9.93%
• EPS Growth: -161.98%
• Country: IN
• Employees: 44
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 0.34
• Shares Outstanding: 234,471,100
• 10 Day Avg. Volume: 6,373
• 30 Day Avg. Volume: 56,428
• PEG Ratio: 0.03
• Price to Book (P/B): 2.44
• Price to Sales (P/S): 1.09
• P/FCF Ratio: 188.21
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: ₹22.00 ▼(-5.05% Downside)

DiGiSPICE Technologies Ltd. receives a low overall score due to significant valuation concerns and bearish technical indicators. Financial performance shows some stability but is overshadowed by profitability issues and inconsistent revenue growth. The lack of earnings call data and corporate events further limits positive influences on the score.

Positive Factors

Stable Balance Sheet

A stable balance sheet with low leverage risk enhances financial flexibility and supports long-term operational stability.

Improved Cost Management

Improved cost management indicates operational efficiency, which can enhance profitability and competitive positioning over time.

Positive Operating Cash Flow

Strong operating cash flow supports liquidity and the ability to invest in growth opportunities, ensuring long-term sustainability.

Negative Factors

Negative Net Margins

Negative net margins suggest ongoing profitability issues, which can hinder reinvestment and growth potential if not addressed.

Inconsistent Revenue Growth

Inconsistent revenue growth can affect market confidence and limit the company's ability to scale and capture market share.

Negative Returns on Equity

Negative returns on equity indicate inefficiencies in generating returns for shareholders, impacting investor appeal and capital raising.

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 generates revenue through several key streams. Primarily, the company earns income by licensing its software solutions to telecommunications companies and content providers, which pay for access to its technology and ongoing support services. Additionally, it offers consulting and implementation services, providing tailored solutions that help clients integrate and optimize DIGISPICE products within their existing systems. The company may also engage in revenue-sharing agreements with partners, where it earns a percentage of sales generated through its platform. Strategic partnerships with telecom operators and content distributors further enhance its market reach and contribute to its financial performance, as well as the potential for new customer acquisition and upselling of additional services.

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 negative net margins and inconsistent revenue growth are concerns. The balance sheet is stable with low leverage, but negative returns on equity are a drawback. Cash flow is generally positive, though 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 2022	Dec 2021
Income Statement
Total Revenue	4.62B	4.73B	4.39B	4.32B	9.91B	7.12B
Gross Profit	756.18M	704.90M	726.28M	487.71M	910.53M	679.32M
EBITDA	-135.74M	-173.86M	733.12M	243.93M	333.65M	363.23M
Net Income	-360.96M	-391.39M	116.75M	-206.00M	54.24M	114.64M
Balance Sheet
Total Assets	0.00	7.13B	6.49B	7.08B	7.00B	5.31B
Cash, Cash Equivalents and Short-Term Investments	3.84B	4.76B	3.75B	3.83B	2.56B	1.53B
Total Debt	0.00	789.72M	260.40M	837.06M	540.66M	338.10M
Total Liabilities	-2.16B	4.96B	4.02B	4.75B	4.47B	2.90B
Stockholders Equity	2.16B	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	260.78M	-79.34M	3.26M

DiGiSPICE Technologies Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 23.17
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DIGISPICE, the sentiment is Negative. The current price of 23.17 is below the 20-day moving average (MA) of 23.91, below the 50-day MA of 24.24, and below the 200-day MA of 23.57, indicating a bearish trend. The MACD of -0.54 indicates Positive momentum. The RSI at 37.51 is Neutral, neither overbought nor oversold. The STOCH value of 48.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	71 Outperform	₹4.31B	12.14	―	13.69%	4.44%	21.20%
TERASOFT	66 Neutral	₹5.10B	31.27	―	0.23%	71.84%	138.63%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
INSPIRISYS	61 Neutral	₹3.30B	8.46	―	―	-1.07%	187.83%
3IINFOLTD	55 Neutral	₹3.15B	2.88	―	―	-6.88%	―
FCSSOFT	52 Neutral	₹2.97B	644.44	―	―	―	―
DIGISPICE	48 Neutral	₹5.22B	-25.58	―	―	9.93%	-161.98%

DiGiSPICE Technologies Ltd. Corporate Events

DiGiSPICE Files SEBI Dematerialisation Compliance Certificate for December Quarter

DiGiSPICE Technologies Limited has submitted to the stock exchanges a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 December 2025, as provided by its registrar and share transfer agent, MAS Services Limited. MAS Services confirmed that all securities received for dematerialisation during the quarter were processed, confirmed or rejected, and reflected in the depositories and the company’s register of members within the mandated 15-day period, signalling continued adherence to regulatory requirements and reinforcing operational transparency for shareholders and market participants.

DiGiSPICE Closes Trading Window Ahead of December 2025 Financial Results

DiGiSPICE Technologies Limited has announced the closure of its trading window for designated persons and their immediate relatives from 1 January 2026 until two days after the board meeting at which the financial results for the quarter and nine months ended 31 December 2025 will be considered. The move, made in line with SEBI’s Prohibition of Insider Trading Regulations and the company’s internal code of conduct, is a standard governance measure aimed at preventing insider trading and ensuring fair disclosure to all market participants, with the exact board meeting date to be communicated later.

DiGiSPICE Releases Investor Call Recording and Presentation

DiGiSPICE Technologies Ltd. announced the availability of the audio-video recording of its recent Investors/Analysts Conference Call held on November 17, 2025. The recording and the presentation from the call have been uploaded to the company’s website, providing stakeholders with insights into the company’s current operations and strategic direction.

DiGiSPICE Technologies Schedules Investor Call to Discuss Earnings

DiGiSPICE Technologies Ltd. has announced a scheduled conference call for investors and analysts to discuss the company’s Q2 and H1 FY26 earnings performance. The call, set for November 17, 2025, will involve senior management and aims to provide insights into the company’s financial health and strategic direction, potentially impacting stakeholder perceptions and market positioning.

DiGiSPICE Technologies Closes Trading Window Ahead of Financial Results Announcement

DiGiSPICE Technologies Ltd. announced the closure of its trading window in compliance with SEBI regulations, ahead of a Board meeting scheduled to approve the company’s unaudited financial results for the quarter and half-year ended June 30, 2025. This move is part of regulatory compliance to prevent insider trading, impacting stakeholders by ensuring transparency and adherence to financial disclosure norms.