DigiSpice Technologies Ltd

DigiSpice Technologies Ltd

₹ 26.1 -1.73%
22 Nov - close price
About

Incorporated in 2000, Digispice Technologies
Ltd is in the Information and Communication Technology business. It also undertakes development and sale of telecom related software[1]

Key Points

Business Overview:[1][2]
DTL is a part of the Spice group. It provides Technology solutions and communication platform to domestic/ international Telecom Operators and Enterprises. Company through its material subsidiary Spice Money Limited provides Financial Technologies Services through tech enabled hyper local payments network platform accessed by its authorised agents /merchants, including cash deposit, cash withdrawal, balance enquiry, bill payment services, Aadhar enabled Payment Services,
Mini ATM services, Air time recharge, POS services, railway ticketing services, Enterprise cash drop services and other related services.
It has partnered with diverse banking, NBFCs, insurance, and e-commerce players. It also offers services like PAN card registration, loans, and facilitating direct benefit transfers for various Governmental initiatives.

  • Market Cap 603 Cr.
  • Current Price 26.1
  • High / Low 52.8 / 23.2
  • Stock P/E 59.6
  • Book Value 10.4
  • Dividend Yield 0.00 %
  • ROCE 10.7 %
  • ROE -3.74 %
  • Face Value 3.00

Pros

  • Company has reduced debt.
  • Debtor days have improved from 24.3 to 17.9 days.

Cons

  • Stock is trading at 2.51 times its book value
  • The company has delivered a poor sales growth of 3.13% over past five years.
  • Company has a low return on equity of -2.46% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.42.3 Cr.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
236.68 247.72 277.54 263.30 106.95 106.47 107.27 110.52 112.64 110.18 106.09 109.83 108.86
229.22 243.06 276.13 262.88 108.81 107.87 104.96 109.67 108.83 107.54 99.64 109.27 111.83
Operating Profit 7.46 4.66 1.41 0.42 -1.86 -1.40 2.31 0.85 3.81 2.64 6.45 0.56 -2.97
OPM % 3.15% 1.88% 0.51% 0.16% -1.74% -1.31% 2.15% 0.77% 3.38% 2.40% 6.08% 0.51% -2.73%
4.16 3.12 10.13 4.15 -2.75 -0.45 1.88 -21.75 -0.85 0.64 39.27 3.12 -0.74
Interest 0.31 0.33 0.27 0.13 0.05 0.24 0.33 0.53 0.42 0.64 0.43 0.36 0.63
Depreciation 4.44 5.15 6.11 7.09 4.84 5.82 6.60 0.93 0.99 1.08 4.12 1.24 1.51
Profit before tax 6.87 2.30 5.16 -2.65 -9.50 -7.91 -2.74 -22.36 1.55 1.56 41.17 2.08 -5.85
Tax % 39.30% 46.09% 33.14% 54.34% -6.74% -13.02% -33.94% -0.27% 210.97% 208.97% 8.84% 88.46% 25.13%
4.16 1.25 3.45 -4.09 -8.86 -6.87 -1.81 -22.30 -1.73 -1.71 37.53 0.24 -7.33
EPS in Rs 0.17 0.04 0.13 -0.19 -0.35 -0.29 -0.06 -0.94 -0.11 -0.05 1.61 0.01 -0.32
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Jun 2013 Jun 2014 Mar 2015 9m Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,869 2,111 1,587 855 259 281 377 407 712 991 432 439 435
1,826 2,105 1,833 864 288 276 362 401 700 976 429 426 428
Operating Profit 43 6 -246 -9 -29 5 14 6 12 15 3 14 7
OPM % 2% 0% -16% -1% -11% 2% 4% 1% 2% 2% 1% 3% 2%
14 12 -25 -19 21 -23 18 -35 24 20 -3 18 42
Interest 2 3 3 1 0 2 3 4 2 1 1 2 2
Depreciation 36 38 24 28 20 17 18 21 23 20 22 7 8
Profit before tax 19 -23 -298 -57 -28 -37 12 -54 12 13 -23 22 39
Tax % 75% 18% 3% 17% 36% 22% 24% 4% 53% 50% -6% 46%
5 -28 -306 -67 -38 -45 9 -56 6 7 -22 12 29
EPS in Rs 0.23 -1.24 -13.49 -3.01 -1.57 -1.57 0.27 -2.16 0.50 0.23 -0.89 0.50 1.25
Dividend Payout % 655% -12% 0% 0% 0% 0% 150% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -13%
5 Years: 3%
3 Years: -15%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -26%
Stock Price CAGR
10 Years: 0%
5 Years: 34%
3 Years: -13%
1 Year: -13%
Return on Equity
10 Years: -12%
5 Years: -2%
3 Years: -2%
Last Year: -4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Jun 2013 Jun 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 71 68 68 68 54 61 61 61 61 61 62 62 62
Reserves 676 616 305 211 225 216 224 163 177 186 170 184 181
3 14 15 53 6 34 57 26 34 54 84 26 61
361 375 454 320 262 131 187 168 260 399 392 378 371
Total Liabilities 1,111 1,073 842 652 547 442 529 418 531 700 708 649 675
442 398 192 127 155 132 127 124 106 104 85 71 79
CWIP 13 8 10 1 9 8 4 4 5 4 2 6 0
Investments 86 83 73 84 10 18 22 6 1 0 0 38 34
569 584 568 440 372 284 376 284 419 592 620 534 562
Total Assets 1,111 1,073 842 652 547 442 529 418 531 700 708 649 675

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Jun 2013 Jun 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
107 37 -39 -65 -68 -11 -33 57 119 149 6 42
-45 21 30 41 14 78 -4 -7 -83 -119 -37 5
-40 -66 -1 36 19 -47 1 -27 0 -8 26 -56
Net Cash Flow 22 -9 -10 13 -36 20 -37 23 36 22 -5 -9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Jun 2013 Jun 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 18 23 30 44 76 48 72 42 29 26 29 18
Inventory Days 22 20 32 34 28 1 1 2 4
Days Payable 56 58 94 134 465 541 342 183 56
Cash Conversion Cycle -16 -16 -31 -56 -360 -492 -269 -140 -23 26 29 18
Working Capital Days 2 5 -6 -5 -49 22 54 -36 -70 -95 -229 -228
ROCE % 3% -2% -42% -5% -7% 10% 4% -1% 3% 5% 0% 11%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.70% 73.37% 73.34% 73.19% 73.18% 73.18% 73.18% 73.18% 73.00% 72.97% 72.89% 72.74%
0.01% 0.01% 0.01% 0.02% 0.01% 0.00% 0.00% 0.00% 0.00% 0.06% 0.00% 0.00%
26.29% 26.61% 26.65% 26.80% 26.82% 26.82% 26.82% 26.82% 27.01% 26.97% 27.11% 27.26%
No. of Shareholders 31,55933,12232,85332,50632,72132,00431,40830,95330,66934,06038,15041,725

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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