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Panache Digilife Ltd.
(PANACHE)
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Rating:55Neutral
Price Target:―
Action:Reiterated
Date:05/04/26
The score is primarily driven by strong top-line growth and improved profitability/returns, partially offset by materially weak recent cash-flow conversion (negative operating and free cash flow for two straight years). Valuation also screens as relatively expensive at a 29.378 P/E, and technical/earnings-call/event signals are not available from the provided data.
Positive Factors
Revenue Growth
Panache shows exceptionally strong top-line acceleration, which indicates expanding distribution scale and market traction. Sustained high revenue growth improves supplier leverage, supports fixed-cost absorption, and creates capacity to reinvest in channels and product sourcing, strengthening medium-term competitive position.
Negative Factors
Weak Cash Conversion
Despite rising reported earnings, the company recorded consecutive years of negative operating and free cash flow, pointing to working-capital or collection issues. Persistent cash outflows constrain internal funding for inventory and growth, raise refinancing risk, and can force reliance on external liquidity, weakening medium-term execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Panache shows exceptionally strong top-line acceleration, which indicates expanding distribution scale and market traction. Sustained high revenue growth improves supplier leverage, supports fixed-cost absorption, and creates capacity to reinvest in channels and product sourcing, strengthening medium-term competitive position.
Read all positive factors
Panache Digilife Ltd. (PANACHE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹600.00M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)38.1
Beta (1Y)N/A
Revenue Growth109.26%
EPS Growth129.97%
CountryIN
Employees33
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)4.51
Shares Outstanding15,228,000
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)4.06
Price to Sales (P/S)1.76
P/FCF Ratio-57.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Panache Digilife Ltd. Business Overview & Revenue Model
Company Description
Panache Digilife Limited, a company founded in Mumbai, India in 2007, focuses on the creation, sales, distribution, and support of information, communication, and technology (ICT) along with Internet of Things (IoT) devices across India. Their ext...
How the Company Makes Money
PANACHE primarily makes money through the sale and distribution of third-party and/or owned-brand digital lifestyle and IT peripheral products. Its core revenue stream is product revenue generated by procuring devices/accessories (and related elec...
Panache Digilife Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
62
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.49B | 2.43B | 1.16B | 965.42M | 1.12B | 859.09M |
| Gross Profit | 178.00M | 328.09M | 137.42M | 141.54M | 128.09M | 113.46M |
| EBITDA | 121.90M | 270.12M | 113.32M | 48.82M | 63.69M | 62.43M |
| Net Income | 65.00M | 161.85M | 68.67M | 5.54M | 8.24M | 7.99M |
Balance Sheet | ||||||
| Total Assets | 1.27B | 2.28B | 1.14B | 967.08M | 1.02B | 969.06M |
| Cash, Cash Equivalents and Short-Term Investments | 42.02M | 27.18M | 10.53M | 5.94M | 2.33M | 9.06M |
| Total Debt | 274.11M | 277.54M | 207.68M | 326.54M | 353.42M | 241.00M |
| Total Liabilities | 590.05M | 1.21B | 477.84M | 648.36M | 706.93M | 664.72M |
| Stockholders Equity | 681.55M | 1.06B | 658.87M | 318.74M | 314.42M | 304.35M |
Cash Flow | ||||||
| Free Cash Flow | 33.08M | -74.95M | -194.48M | 41.66M | -77.23M | 71.76M |
| Operating Cash Flow | 33.99M | -66.40M | -179.29M | 48.34M | -66.07M | 72.75M |
| Investing Cash Flow | -61.34M | -196.26M | 35.13M | 85.39M | 57.41M | 56.10M |
| Financing Cash Flow | -20.25M | 223.73M | 218.61M | -123.48M | -150.33M | -62.16M |
Panache Digilife Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ₹6.54B | 22.27 | ― | ― | -2.29% | ― | |
56 Neutral | ₹4.79B | 25.11 | ― | ― | 3.61% | ― | |
55 Neutral | ₹600.00M | 38.07 | ― | ― | 109.26% | 129.97% | |
54 Neutral | ₹8.50B | -73.98 | ― | ― | -9.80% | 71.59% | |
43 Neutral | ₹566.48M | -5.72 | ― | ― | -67.04% | 40.19% |
* Technology Sector Average
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Panache Digilife Ltd. Corporate Events
Panache Digilife clears ₹100 crore capex to scale Technofy Digital operations
Apr 29, 2026
Panache Digilife Ltd.’s board has approved capital expenditure of up to ₹100 crore to expand the business operations of its wholly owned subsidiary Technofy Digital Private Limited. The investment will cover acquisition of plant and ma...
Panache Digilife Confirms No Deviation in Use of Preferential Issue Proceeds
Apr 29, 2026
Panache Digilife Ltd. reported that there were no deviations or variations in the utilization of proceeds from its preferential issue of convertible warrants allotted on January 5, 2026, amounting to Rs. 4.77 crore. The funds were fully deployed a...
Panache Digilife Secures Clean Audit on FY26 Financial Results
Apr 29, 2026
Panache Digilife Ltd. has announced that its board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on April 29, 2026. The statutory auditors, Jain Salia Associate...
Panache Digilife Gets Clean Audit on FY26 Financial Results
Apr 29, 2026
Panache Digilife Ltd. announced that its board of directors has approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on April 29, 2026. The company reported that its st...
Panache Digilife Clears FY26 Results, Skips Dividend to Fund ₹100 Crore Expansion
Apr 29, 2026
Panache Digilife Ltd. reported that its board has approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with auditors issuing an unmodified opinion, and decided not to recommend a dividen...
Panache Digilife Names Sanket Sangoi & Associates as Internal Auditor for FY 2026-27
Apr 29, 2026
Panache Digilife Ltd. has appointed M/s Sanket Sangoi Associates, Chartered Accountants, as its internal auditor for the financial year 2026-27, following approval by the board of directors at a meeting held on April 29, 2026. The appointment bri...
Panache Digilife Appoints Kishore Bhatia & Associates as Cost Auditor for FY 2026-27
Apr 29, 2026
Panache Digilife Ltd.’s board has approved the appointment of M/s Kishore Bhatia and Associates, a Mumbai-based firm of practicing cost accountants, as the company’s cost auditor for the financial year 2026-27, effective April 29, 2026...
Panache Digilife to Invest Rs 2.25 Crore in IT Subsidiary Technofy Digital
Apr 29, 2026
Panache Digilife Ltd. has approved an upfront investment of up to Rs 2.25 crore in its wholly owned subsidiary Technofy Digital Private Ltd. to fund proposed capital expenditure aimed at expanding the subsidiary’s business operations. The tr...
Panache Digilife Schedules Virtual EGM With E-Voting for March 13
Feb 20, 2026
Panache Digilife Ltd. has announced that it will hold an Extra-Ordinary General Meeting on March 13, 2026 at 3:00 p.m. IST via video conferencing and other audio-visual means, with e-voting available to shareholders in line with Companies Act and ...
Panache Digilife Sets March 13 EGM to Approve Preferential Issue of Convertible Warrants
Feb 19, 2026
Panache Digilife Ltd. has called an Extraordinary General Meeting on March 13, 2026, to be held via video conferencing, with the venue deemed to be its Mumbai corporate office. The company has enabled remote e-voting and e-voting during the meetin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.