Digispice Technolog

₹27 -0.1 | 0.4%

WEBSITE BSE:517214 NSE : DIGISPICE 10 May, 16:01

Market Cap ₹627 Cr.

Stock P/E -25.3

P/B 2.7

Current Price ₹27

Book Value ₹ 10

Face Value 3

52W High ₹47.6

Dividend Yield 0%

52W Low ₹ 15.7

Edit Ratio

Digispice Technolog Research see more...

Overview Inc. Year: 1986Industry: IT - Software

Digispice Technologies Ltd, previously Spice Mobility Ltd, is an primarily India-based agency that provides digital technology services. The Company provides technology solutions for corporation digital transformation, digital amusement, digital financial offerings and digital government services globally. Its DiGi services and products include DiGi entertainment solutions, DiGi government solutions, DiGi monetary solutions and DiGi agency solutions. Its digital entertainment solutions and virtual media offerings include Horizon, Mziiki, CNema and My Studio. Its DiGi government solution is UNIGOV, which enables citizen-centric services. Its DiGi enterprise solutions consist of Robotic Process Automation (RPA), pView and cognitive engagement platform. The Company, thru its fintech subsidiary Spice Money Ltd, is centred on supplying virtual financial services in India.

Digispice Technolog Share Price

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Peer Comparison

Digispice Technolog Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Dec 2023
Net Sales	229	237	248	278	251	257	106	252	234	110
Other Income	3	4	4	10	4	4	6	11	6	6
Total Income	231	241	251	288	255	261	113	264	239	116
Total Expenditure	228	229	243	276	247	263	108	254	233	108
Operating Profit	4	12	8	12	8	-1	5	10	7	9
Interest	0	0	0	0	0	0	0	1	1	1
Depreciation	4	4	5	6	4	6	6	6	1	1
Exceptional Income / Expenses	0	0	-1	0	0	0	0	-5	-6	0
Profit Before Tax	-1	7	2	5	3	-8	-1	-1	-1	7
Provision for Tax	1	3	1	2	1	1	-1	1	-0	3
Profit After Tax	-2	4	1	3	2	-9	-0	-2	-1	4
Adjustments	-0	-0	-0	-0	-6	1	-6	1	-21	-5
Profit After Adjustments	-2	4	1	3	-4	-8	-7	-1	-22	-1
Adjusted Earnings Per Share	-0.1	0.2	0	0.1	-0.2	-0.4	-0.3	-0.1	-1.1	-0.1

Digispice Technolog Profit & Loss

#(Fig in Cr.)	Jun 2013	Jun 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1869	2111	1587	1791	1077	616	377	407	712	991	1015	702
Other Income	16	17	17	23	35	20	20	12	24	22	80	29
Total Income	1884	2127	1604	1814	1112	636	397	419	736	1013	1095	732
Total Expenditure	1814	2092	1640	1836	1092	633	363	401	699	977	1083	703
Operating Profit	70	35	-36	-22	21	3	34	18	37	35	13	31
Interest	2	3	3	6	14	8	3	4	2	1	1	3
Depreciation	36	35	21	29	26	20	18	21	23	20	25	14
Exceptional Income / Expenses	-13	-20	-238	0	-8	-11	0	-46	0	-1	-5	-11
Profit Before Tax	19	-23	-298	-57	-28	-36	13	-53	12	13	-19	4
Provision for Tax	14	4	8	10	10	8	3	2	6	7	3	3
Profit After Tax	5	-28	-306	-67	-38	-44	10	-55	6	6	-22	1
Adjustments	1	-1	-1	-2	2	-1	-1	-1	5	-1	1	-31
Profit After Adjustments	5	-28	-307	-69	-36	-45	9	-56	11	5	-21	-31
Adjusted Earnings Per Share	0.2	-1.2	-13.5	-3.8	-2	-2.2	0.5	-2.8	0.6	0.3	-1	-1.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	2%	36%	11%	-6%
Operating Profit CAGR	-63%	-10%	34%	-15%
PAT CAGR	-467%	0%	0%	NAN%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	41%	-7%	31%	0%
ROE Average	-9%	-1%	-5%	-12%
ROCE Average	-6%	2%	-1%	-8%

Digispice Technolog Balance Sheet

#(Fig in Cr.)	Jun 2013	Jun 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	747	684	374	265	279	277	285	224	238	247	232
Minority's Interest	31	33	33	35	-8	13	15	9	4	6	1
Borrowings	0	0	0	0	0	12	13	0	0	0	0
Other Non-Current Liabilities	11	10	10	-6	-7	-8	-16	-19	-19	-17	-14
Total Current Liabilities	322	347	425	344	270	133	209	176	278	436	462
Total Liabilities	1111	1073	842	638	533	427	505	389	503	675	684
Fixed Assets	442	398	192	180	155	132	127	124	92	90	72
Other Non-Current Assets	102	89	106	43	67	80	88	73	87	104	116
Total Current Assets	567	586	545	415	310	214	291	192	321	477	493
Total Assets	1111	1073	842	638	533	427	505	389	503	675	684

Digispice Technolog Cash Flow

#(Fig in Cr.)	Jun 2013	Jun 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	47	70	61	51	63	27	48	11	34	71	93
Cash Flow from Operating Activities	107	37	-39	-65	-68	-11	-33	57	119	149	6
Cash Flow from Investing Activities	-46	20	31	41	14	76	-1	-7	-83	-119	-37
Cash Flow from Financing Activities	-40	-66	-1	36	19	-47	1	-27	0	-8	-4
Net Cash Inflow / Outflow	21	-10	-8	13	-36	18	-34	23	36	22	-36
Closing Cash & Cash Equivalent	70	61	51	64	27	48	11	34	71	93	57

Digispice Technolog Ratios

#	Jun 2013	Jun 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.23	-1.24	-13.49	-3.79	-1.98	-2.22	0.45	-2.76	0.57	0.26	-1
CEPS(Rs)	1.72	0.32	-12.51	-2.06	-0.68	-1.19	1.4	-1.69	1.42	1.28	0.19
DPS(Rs)	1.5	0.15	0	0	0	0	0.45	0	0	0	0
Book NAV/Share(Rs)	31.37	30.02	16.4	14.66	15.44	13.72	13.72	10.6	11.2	11.66	10.82
Core EBITDA Margin(%)	2.92	0.86	-3.35	-2.51	-1.35	-2.79	3.69	1.54	1.83	1.35	-6.66
EBIT Margin(%)	1.13	-0.97	-18.6	-2.87	-1.24	-4.64	4.18	-11.94	1.97	1.45	-1.73
Pre Tax Margin(%)	1	-1.1	-18.78	-3.19	-2.58	-5.87	3.48	-12.98	1.74	1.33	-1.86
PAT Margin (%)	0.25	-1.31	-19.3	-3.72	-3.53	-7.13	2.72	-13.46	0.84	0.65	-2.12
Cash Profit Margin (%)	2.19	0.35	-17.95	-2.08	-1.14	-3.89	7.49	-8.4	4.02	2.66	0.38
ROA(%)	0.4	-2.53	-31.99	-9	-6.5	-9.15	2.2	-12.26	1.34	1.09	-3.17
ROE(%)	0.61	-3.86	-57.93	-20.86	-13.99	-15.8	3.7	-22.34	2.71	2.75	-9.34
ROCE(%)	2.75	-2.82	-54.35	-14.57	-4.42	-9.59	4.82	-16.46	5.39	5.01	-5.7
Receivable days	24.38	19.26	30.01	23.82	26.59	26.91	53.67	53.9	26.23	23.43	18.89
Inventory Days	19.23	15.26	23.64	17.28	9.77	0.71	0.18	0.42	1.34	1.36	1.35
Payable days	64.67	52.97	83.88	70.51	60.64	53.46	0	0	-7246.69	0	-5987.29
PER(x)	194.1	0	0	0	0	0	17.33	0	88.86	116.13	0
Price/Book(x)	1.42	1.02	1.61	0.96	0.95	1.22	0.57	0.33	4.49	2.64	1.76
Dividend Yield(%)	3.37	0.49	0	0	0	0	5.77	0	0	0	0
EV/Net Sales(x)	0.46	0.25	0.3	0.1	0.18	0.47	0.39	0.03	1.18	0.33	0.09
EV/Core EBITDA(x)	12.39	15.08	-13.25	-8.15	9.47	111.65	4.34	0.72	22.44	9.37	7.36
Net Sales Growth(%)	-31.74	12.93	-24.8	12.85	-39.86	-42.83	-38.82	8.07	74.89	39.11	2.5
EBIT Growth(%)	129.15	-196.74	-1345.38	82.57	74.07	-114.16	155.07	-408.94	128.8	2.27	-222.74
PAT Growth(%)	231.35	-691.08	-1009.82	78.26	42.87	-15.41	123.34	-635.01	110.9	7.15	-436.65
EPS Growth(%)	156.15	-639.48	-992.12	71.89	47.92	-12.15	120.32	-713.38	120.53	-53.27	-478.63
Debt/Equity(x)	0	0.02	0.04	0.2	0.02	0.12	0.21	0.12	0.15	0.23	0.38
Current Ratio(x)	1.76	1.69	1.28	1.21	1.15	1.61	1.39	1.09	1.15	1.09	1.07
Quick Ratio(x)	1.49	1.43	1.01	1.05	1.14	1.61	1.39	1.09	1.14	1.09	1.06
Interest Cover(x)	9.02	-7.12	-101.73	-9.13	-0.92	-3.78	6	-11.5	8.77	12.15	-13.55
Total Debt/Mcap(x)	0	0.02	0.02	0.17	0.02	0.09	0.32	0.32	0.03	0.08	0.19

Digispice Technolog Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	73.7	73.37	73.34	73.19	73.18	73.18	73.18	73.18	73	72.97
FII	0.01	0.01	0.01	0.02	0.01	0.01	0.01	0	0	0.06
DII	0	0	0	0	0	0	0	0	0	0
Public	26.29	26.61	26.65	26.79	26.81	26.81	26.82	26.82	27	26.97
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	16.94	16.94	16.94	16.94	16.94	16.94	16.94	16.94	16.94	16.94
FII	0	0	0	0	0	0	0	0	0	0.01
DII	0	0	0	0	0	0	0	0	0	0
Public	6.04	6.15	6.16	6.2	6.21	6.21	6.21	6.21	6.27	6.26
Others	0	0	0	0	0	0	0	0	0	0
Total	22.99	23.09	23.11	23.15	23.15	23.15	23.16	23.16	23.21	23.22

Pros

Debtor days have improved from 0 to -5987.29days.
Company is almost debt free.

Cons

Company has a low return on equity of -1% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.