DiGiSPICE Technologies Limited (DIGISPICE) Fair Value & Analysis

Technology · IN · Market cap ₹3.6B

A solid business, screening 46% undervalued on our models.

What matters now

• The price is below even our cautious bear case (₹19.10). The market is more pessimistic than our downside scenario.
• Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range ₹15.35 – ₹79.59 · fair‑value band ₹19.10 – ₹28.38 · the ₹17.02 price screens below the ₹24.77 fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

DiGiSPICE Technologies Limited (DIGISPICE) currently trades at ₹17.02, while our model-based Fair Value estimate is ₹24.77, implying the stock looks roughly 45.5% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, DiGiSPICE Technologies Limited generated revenue of ₹4.5B at a net margin of 4.1%. Revenue declined 8.0% year over year. It earns a return on equity of 9.8%. The stock trades on a trailing P/E of 18.3. Fundamentals as of Aug 20, 2026

Our scenario range runs from ₹19.10 (bear case) to ₹28.38 (bull case); at ₹17.02, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 52% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at 46%, DIGISPICE screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: DCF Models (₹32.14) versus Asset-Based (₹7.54). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

DiGiSPICE Technologies Limited engages in information and communication technology activities in India and internationally.

Full company description

DiGiSPICE Technologies Limited engages in information and communication technology activities in India and internationally. The company offers banking services, including micro-ATM, CASA, balance enquiry, remittance, cash deposits, withdrawals, and transfers; payment /utility services, such as digital and bill payment, and mobile/DTH recharge; and loan/EMI collection and enterprise cash management. It also provides Aadhaar enabled payment services, Bharat bill payment system; cash collection and credit services; and equipment, such as printers, m-ATMs, and biometric scanners. In addition, the company offers financial services comprising savings, investment, insurance, and credit; e-commerce services, including ONDC B2B, and buyer and seller apps; e-pharmacy, diagnostics, and telemedicine; government services; and entrepreneur solutions which include digital payments, CRM, and Khata. Further, it provides digital travel services, including booking of train, flights, buses, hotels, and tour packages under the Travel Union brand. It serves digitalized financial e-services through its application. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

DiGiSPICE Technologies Limited reported revenue of ₹4.6B in FY2025 versus ₹9.9B in FY2021, a compound −17.2%/yr. Reported net income was ₹190M in FY2025, compounding +36.8%/yr from FY2021.

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Peer Group

Information Technology Services · 491 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Information Technology Services median · lower = cheaper

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.