



Information Technology | Small Cap
DigiSpice Technologies Ltd presents a mixed and complex financial picture. The company's greatest strength is its outstanding solvency; it operates with virtually no debt, which provides significant financial stability and low risk from borrowing. Operationally, it shows high efficiency in managing inventory and collecting payments from customers. However, these strengths are overshadowed by significant weaknesses in profitability and growth. The company has been experiencing highly volatile and negative growth in profits and earnings, indicating that its expansion is not translating into financial success. Key metrics for shareholders, such as earnings per share and return on equity, are poor, and the company does not pay dividends. The future outlook is uncertain; while its debt-free status offers a strong safety net, the core challenge lies in converting its operational activities into sustainable profits.
DigiSpice Technologies Ltd presents a mixed and complex financial picture. The company's greatest strength is its outstanding solvency; it operates with virtually no debt, which provides significant financial stability and low risk from borrowing. Operationally, it shows high efficiency in managing inventory and collecting payments from customers. However, these strengths are overshadowed by significant weaknesses in profitability and growth. The company has been experiencing highly volatile and negative growth in profits and earnings, indicating that its expansion is not translating into financial success. Key metrics for shareholders, such as earnings per share and return on equity, are poor, and the company does not pay dividends. The future outlook is uncertain; while its debt-free status offers a strong safety net, the core challenge lies in converting its operational activities into sustainable profits.
Overall Valuation Score
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0
0
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0
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Markets Today NSE
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Avg Price
0.00
Volume
0
Last Traded Quantity
0
Last Traded Time
N/A
Price Movement Indicator
Today's Low: 0.00
Today's High: 0.00
P/E RATIO (TTM)
-177.90
Industry Median
19.86
Small Cap Median
19.86
P/E RATIO
21.96
P/B RATIO
1.78
Industry Median
2.56
Small Cap Median
2.56
P/S RATIO
0.84
Industry Median
4.20
Small Cap Median
4.20
Others
PEG RATIO
0.85
EV/EBITDA RATIO
1.37
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹17.79 as on Aug 10, 2026.
The company's growth profile is weak and highly concerning. While there is positive growth in the company's asset base, this is not translating into positive results where it matters most. The growth in profits and earnings per share has been severely negative and extremely volatile. This disconnect is a major red flag, suggesting that the company is expanding in size but becoming less profitable in the process. Such a trend points to potential underlying issues with its business model or profitability, creating an uncertain and risky outlook.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 39.19 | -56.41 | 1.62 | 2.05 | 3.79 |
| Operating Profit Growth Rate | 25 | -80 | 366.67 | -121.43 | 800 |
| Earnings Per Share (EPS) Growth | -54 | -486.96 | 156.18 | -436 | 148.21 |
| Asset Growth Rate | 31.83 | 1.14 | -8.33 | 9.86 | 13.04 |
| Net Income Growth Rate | 16.67 | -414.29 | 154.55 | -425 | 148.72 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | IRIS Regtech Solutions Ltd | 8.27 | 4.07 | Undervalued | 10.00 | 8.10 | 127.00 |
| 2 | Softtech Engineers Ltd | 6.51 | 116.27 | Neutral | 32.00 | 6.92 | 5.00 |
| 3 | DigiSpice Technologies Ltd | 5.17 | 21.96 | Highly Undervalued | 21.00 | -0.10 | 19.00 |
| 4 | Subex Ltd | 4.25 | 35.06 | Neutral | 26.00 | 0.10 | 29.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
Concall Report⬤25th Feb 26
Q3 FY26 Earnings Conference Call
NEUTRAL SENTIMENT
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DigiSpice Technologies Ltd (formerly Spice Mobility Ltd) is an Indian IT-enabled services company primarily focused on providing fintech solutions, digital payment platforms, and mobility-based value-added services. It leverages its technological expertise to serve customers across rural and semi-urban India, notably through its Spice Money platform.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. DigiSpice Technologies Ltd's P/E ratio (TTM) is -177.90, compared to the industry median of 19.86 and large cap median of 19.86.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. DigiSpice Technologies Ltd's P/B ratio is 1.78, compared to the industry median of 2.56 and large cap median of 2.56.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. DigiSpice Technologies Ltd's P/S ratio is 0.84, compared to the industry median of 4.20 and large cap median of 4.20.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. DigiSpice Technologies Ltd's PEG ratio is 0.85.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. DigiSpice Technologies Ltd's EV/EBITDA ratio is 1.37.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. DigiSpice Technologies Ltd's ROE is 8.09%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. DigiSpice Technologies Ltd's ROA is 2.61%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. DigiSpice Technologies Ltd's ROCE is 12%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. DigiSpice Technologies Ltd's operating margin is 4.52%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. DigiSpice Technologies Ltd's net margin is 4.09%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. DigiSpice Technologies Ltd's current ratio is 1.25.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. DigiSpice Technologies Ltd's debt-to-equity ratio is 0.01.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. DigiSpice Technologies Ltd's interest coverage ratio is 15.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. DigiSpice Technologies Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. DigiSpice Technologies Ltd's EPS is 148.21.
(Source line: "Ratios as of 23 Oct 2026, based on last traded price of ₹17.79. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1983 (as Modi Telematics Pvt. Ltd.)
Headquarters: Noida, Uttar Pradesh
Core Offerings: Fintech Solutions, Digital Payments, Value Added Services (VAS), Mobility Platforms
Stock Listing: NSE (DIGISPICE), BSE (517214)
Promoter: BK Modi Group
Incorporated in 1983 as Modi Telematics Pvt. Ltd., the company later became known as Spice Mobiles Limited, gaining prominence in the mobile handset market. In 2011, it was renamed Spice Mobility Limited, gradually shifting its focus from hardware to digital platforms. Reflecting its strategic pivot towards digital transformation and fintech, the company was rebranded as DigiSpice Technologies Ltd in 2020. Today, its primary focus is on digital financial services through its 'Spice Money' platform.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Information Technology Enabled Services (ITES) | 100% | N/A (EBITDA reported at company level) |
Fintech & Digital Payments: Operates the 'Spice Money' platform, a leading rural fintech company, offering services like remittances, bill payments, cash withdrawals, micro-ATMs, and other financial solutions through a vast network of Adhikaris (banking correspondents) in semi-urban and rural India.
Value Added Services (VAS): Provides technology-based solutions and platforms for mobile operators and other enterprises, though the primary strategic focus has largely shifted towards fintech.
Mr. Sanjeev Kumar (Managing Director) - Leads the company's strategic initiatives and operations, driving the growth and expansion of its digital and fintech businesses.
Spice Digital Limited
Spice Online Private Limited
Spice Money Limited
DigiSpice Global Pte. Ltd. (Singapore)
Bonus Issue in 2023 (1:2); Rights Issue in 2020.
The DigiSpice Technologies Ltd share price today is ₹17.79 on NSE (DIGISPICE), as of 23 Oct 2026.
As of 23 Oct 2026, DigiSpice Technologies Ltd share price is ₹17.79, with previous close ₹17.79. Today's range is ₹17.79 to ₹17.79. The 52-week range is ₹13.41 to ₹25.11.
As of today, DigiSpice Technologies Ltd's market cap is ₹390.13 crore (Small Cap).
DigiSpice Technologies Ltd's current P/E ratio is -177.90, compared to the SOFTWARE & SERVICES sector average of 29.50.
DigiSpice Technologies Ltd's current P/B ratio is 1.78.
DigiSpice Technologies Ltd's current dividend yield is N/A. Last dividend of ₹0.00 per share was declared on N/A.
DigiSpice Technologies Ltd's EPS (TTM) is ₹148.21.
DigiSpice Technologies Ltd (formerly Spice Mobility Ltd) is an Indian IT-enabled services company primarily focused on providing fintech solutions, digital payment platforms, and mobility-based value-added services. It leverages its technological expertise to serve customers across rural and semi-urban India, notably through its Spice Money platform.
DigiSpice Technologies Ltd is promoted by BK Modi Group, holding 72.7% as of 23 Oct 2026.
DigiSpice Technologies Ltd is listed on NSE (DIGISPICE) and BSE (517214). Its next quarterly results are expected on August 2024.