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Panache Digilife Limited (PANACHE) Fair Value & Analysis

Technology · IN · Market cap ₹6.2B

PD Panache Digilife Limited PANACHE · NSE
Price₹540.65
Fair Value₹252.95
Upside-53.2%
Quality39/100
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Expensive Growth
Thin margins · 6.7% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/12)
Moderate moat 60/100
Evidence: High Range ₹189.58 – ₹316.19 Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated 4 days ago

Share price +25.4% over the past month.

Below-average quality, and screening another 53% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹316.19). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

₹540.65 ₹40.45 Fair Value ₹252.95 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹40.45 – ₹540.65 · fair‑value band ₹189.58 – ₹316.19 · the ₹540.65 price screens above the ₹252.95 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Panache Digilife Limited (PANACHE) currently trades at ₹540.65, while our model-based Fair Value estimate is ₹252.95, implying the stock looks roughly 53.2% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Panache Digilife Limited generated revenue of ₹2.4B at a net margin of 6.7%. Revenue grew 65.8% year over year. It earns a return on equity of 19.0%. Net debt stands at ₹250M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹189.58 (bear case) to ₹316.19 (bull case); at ₹540.65, the current price sits above 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 near its 52-week high and 168% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -53%, PANACHE screens richer 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.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹68.82 ₹90.14 ₹244.86 76
ROIC Compounder ₹151.52 ₹222.52 ₹290.18 72
Growth-Adj P/E ₹247.06 ₹352.94 ₹458.82 68
All 15 models by family
DCF Models
Owner Earnings ₹163.55 ₹360.30 ₹758.15 31
Earnings-Based
Graham-Dodd ₹72.27 ₹504.02 ₹707.31 54
Lynch FV ₹163.08 ₹232.97 ₹302.86 50
PEG = 1.0 ₹163.08 ₹232.97 ₹302.86 46
EPV ₹121.43 ₹140.33 ₹156.62 59
Multiples
P/E Multiple ₹223.19 ₹297.59 ₹371.99 63
P/S Multiple ₹135.51 ₹180.68 ₹225.85 58
P/B Multiple ₹135.51 ₹180.68 ₹225.85 55
EV/EBIT ₹306.18 ₹407.64 ₹509.11 53
EV/EBITDA ₹241.25 ₹321.08 ₹400.90 54
EV/Revenue ₹155.67 ₹221.63 ₹287.58 43
Asset-Based
NCAV (Graham) ₹34.67 ₹46.45 ₹69.33 50
Economic Profit
Residual Income ₹68.82 ₹90.14 ₹244.86 76
ROIC Compounder ₹151.52 ₹222.52 ₹290.18 72
Growth Earnings
Growth-Adj P/E ₹247.06 ₹352.94 ₹458.82 68

Widest divergence: DCF Models (₹360.30) versus Asset-Based (₹46.45). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹2.4B
Revenue growth (YoY) +65.8%
Net margin 6.7%
Return on equity 19.0%
Free cash flow −₹74.9M FY2026
P/E ratio 60.6
More key figures
Operating margin 17.4%
EPS (TTM) ₹8.92
EPS growth (YoY) +252%
Net debt ₹250M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 38 · Market factors (momentum, volatility) 89

Profitability 50
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Panache Digilife Limited designs, manufactures, distributes, sells, and services ICT and IoT devices in India. It provides smart compute devices, such as laptops, all in one PCs, mini and micro PCs, desktop PCs, thin clients, etc.; smart education solutions, including secure teaching and learning platform with virtualization support, interactive tools, …

Full company description

Panache Digilife Limited designs, manufactures, distributes, sells, and services ICT and IoT devices in India. It provides smart compute devices, such as laptops, all in one PCs, mini and micro PCs, desktop PCs, thin clients, etc.; smart education solutions, including secure teaching and learning platform with virtualization support, interactive tools, tablet based products and charging solutions, and digital writing and writing pad solutions; telecom products comprising managed switches, POE switches, routers, IP telephony devices, etc.; and retail point of sale (POS) solutions consisting of IoT enabled POS devices, kiosk based solutions of visitor management system, and self-service and customer centric kiosks, as well as peripheral devices, such as programmable keyboards, optically coupled barcode scanners, cash registers, barcode card readers, fingerprint readers, thermal printers, and other peripheral accessories. The company was formerly known as Vardhaman Technology Limited and changed its name to Panache Digilife Limited in February 2017. Panache Digilife Limited was incorporated in 2007 and is based in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Panache Digilife Limited reported revenue of ₹2.4B in FY2026 versus ₹859M in FY2022, a compound +29.7%/yr. Reported net income was ₹162M in FY2026, compounding +112.1%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹2.4B
Latest YoY
+109.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+29.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+25.6%
Avg. growth/yr (14Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.3%
Revenue +29.7%/yr
FY22 ₹859M
FY23 ₹1.1B
FY24 ₹965M
FY25 ₹1.2B
FY26 ₹2.4B
Net income +112.1%/yr
FY22 ₹8.0M
FY23 ₹8.2M
FY24 ₹5.5M
FY25 ₹68.7M
FY26 ₹162M
Character of growth · EPS growth decomposed (2015-2026) +12.1 % p.a.
Revenue per share +9.1 pp

of which total revenue +11.8 pp · buybacks/dilution −2.6 pp

EBIT margin +0.2 pp
Tax rate +0.0 pp
Residual (interest, one-offs) +2.8 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

PANACHE screens 53% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "Panache Digilife Limited Fair Value". https://www.fairvalue-calculator.com/stock/PANACHE

Peer Group

Communication Equipment · 300 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.

Quality Score 39 · Bottom 25%
Fair Value upside −53% · Below median
Return on equity (TTM) 19% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 17% · Top 25%
Revenue growth 66% · Top 25%

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 60.6× · Pricier than median
P/B 5.88× · Pricier than 75% of peers
P/S (TTM) 2.55× · Pricier than median
EV/EBITDA 21.3× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 36
PAST 76 · sector 15
HEALTH 100 · sector 98
DIVIDEND 0 · sector 24

VALUE 0: the price sits above our fair-value range.

Values & ESG

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

None of the checked exposures detected

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

Similar stocks

10 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $120.43 $61.53 -49%
Zhongji Innolight Co 300308 ¥921.00 ¥171.09 -81%
Foxconn Industrial Internet Co 601138 ¥65.60 ¥28.65 -56%
Eoptolink Technology Inc 300502 ¥429.90 ¥176.99 -59%
Nokia Oyj NOK $10.32 $3.77 -63%
Motorola Solutions, Inc MSI $469.74 $236.33 -50%
Suzhou TFC Optical Communication Co 300394 ¥240.05 ¥43.67 -82%
Accton Technology Corporation 2345 2,270 TWD 1,135 TWD -50%
Telefonaktiebolaget LM Ericsson (publ), ERICB kr 97.78 kr 157.82 +61%
ZTE Corporation 000063 ¥35.59 ¥19.72 -45%

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Frequently asked questions

Is Panache Digilife Limited (PANACHE) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹252.95 versus a price of ₹540.65, about −53% (overvalued).
What is the fair value of PANACHE?
Our model-based fair value for Panache Digilife Limited is ₹252.95 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹540.65.
What is the quality score of PANACHE?
Panache Digilife Limited has a Quality Score of 39/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Panache Digilife Limited (PANACHE)?
Panache Digilife Limited reported trailing-twelve-month revenue of about ₹2.4B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of PANACHE?
The net profit margin of Panache Digilife Limited is about 6.7%, meaning it keeps roughly 6.7% of revenue as net income. Based on the latest reported figures.

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.

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