NSE: DIGITIDE · BSE: 544413
DIGITIDE SOLUTIONS LTD
Provides Business Process Management (BPM) and Tech and Digital services to enterprise clients, with FY26 total revenue of ₹3,080.181 crore. Of segment revenue, BPM made up 70.5% (₹2,170.011 crore) and Tech and Digital 29.5% (₹910.17 crore). BPM covers customer lifecycle management and loans servicing while Tech and Digital covers data engineering, digital platforms and cloud work with hyperscaler partners AWS, GCP and Azure. Employee costs ran at 73.7% of revenue, with other opex at 15.1%, depreciation at 6.9% and capex at 3.4%. Q4 FY26 revenue crossed ₹800 crore for the first time, with Tech and Digital up 27.2% year-on-year to 31% of revenue mix. The business is exiting low-value tech contracts under a portfolio rationalisation and runs an AI platform called Pulse.nerve which it says delivers ~40% productivity gains and 3x faster deployment. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Business Process Management (71%), Tech and Digital (30%). People-heavy IT services with dominant BPM exposure and a growing tech/digital pivot
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 3,269 | 3,080 |
| EBITDA (ex other income) | 445 | 278 |
| margin % | 13.6 | 9.0 |
| Owners' profit | 116 | (16) |
| EPS, as reported (₹) | 7.78 | (1.10) |
| ROE % · ROCE % | 15.1 · 21.2 | 0.6 · 6.1 |
| Debt / equity (x) | 0.07 | 0.08 |
| Cash from operations | 368 | 263 |
| Capex | 0 | (105) |
Exhibit 2: Quarterly performance, last 6 quarters
| ₹ crore | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|
| Revenue | 733 | 736 | 764 | 780 | 800 | 775 |
| Profit before tax | (1) | 20 | 12 | 4 | (4) | 11 |
| Net profit | (1) | 10 | 3 | (2) | (5) | 3 |
| EPS (₹) | (0.62) | 0.38 | (0.12) | (0.51) | (0.85) | (0.13) |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Business Process Management | 2,170 | 70.5 |
| Tech and Digital | 713 | 23.2 |
| Tech and Digitial | 197 | 6.4 |
| Total, before eliminations | 3,080 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| L&T TECHNOLOGY SER. LTD. | 44,149 | 33.4 | 6.80 | 20.4 | 19.7 | 21.1 | 15.1 | 19.6 |
| INVENTURUS KNOWLEDGE SO L | 29,130 | 37.4 | 10.40 | 26.5 | 25.8 | 27.7 | — | 33.6 |
| TATA TECHNOLOGIES LIMITED | 26,718 | 48.0 | 6.81 | 29.0 | 13.9 | 14.3 | — | 18.3 |
| NETWEB TECH INDIA LTD | 24,780 | 94.8 | 34.26 | — | 28.5 | 37.5 | — | 15.7 |
| SAGILITY LIMITED | 21,553 | 21.7 | 2.23 | 12.2 | 9.6 | 11.6 | — | 22.3 |
| AFFLE 3I LIMITED | 19,072 | 39.9 | 5.22 | 26.0 | 12.5 | 15.2 | 39.3 | 25.8 |
| BLACK BOX LIMITED | 14,377 | 61.6 | 11.17 | 28.6 | 16.9 | 9.5 | 6.2 | 8.4 |
| CYIENT LIMITED | 13,177 | 34.6 | 2.14 | 11.9 | 7.5 | 9.7 | 12.0 | 13.0 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 1.1 | 2.2 | 23 of 70 | 68% |
| ROCE | 2.3 | 9.6 | 68 of 86 | 21% |
| ROE | 0.6 | 9.2 | 57 of 70 | 19% |
| Debt / Equity | 0.1 | 0.0 | 42 of 70 | 41% |
| EBITDA margin | 10.5 | 13.0 | 46 of 69 | 34% |
| Revenue growth | 5.3 | 20.8 | 51 of 67 | 24% |
| Profit growth | (69.7) | 14.6 | 59 of 64 | 8% |
| Market cap | 1044 | 296 | 26 of 87 | 71% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 22 Oct 2026 · Digitide schedules Q2 FY27 earnings call for November 3 | board shareholder meetings | low | — | — |
| 22 Oct 2026 · Digitide to approve Q2 and half-year results on November 2 | results | low | — | — |
| 6 Oct 2026 · RTA Certificate Under SEBI Reg 74(5) for Q2 FY27 Filed | compliance | minimal | — | — |
| 25 Sept 2026 · Trading Window closure from October 1 ahead of Q2 results | compliance | minimal | — | — |
| 22 Sept 2026 · CRO Saket Bhatnagar resigns to pursue outside opportunities | management changes | high | — | — |
| 8 Sept 2026 · Digitide updates senior management lineup; Ruchi Ahluwalia named COO | management changes | medium | — | — |
| 28 Aug 2026 · AGM voting results: all 5 resolutions passed | board shareholder meetings | medium | — | — |
| 28 Aug 2026 · Digitide 2nd AGM: All 5 resolutions passed; Sameer Ahluwalia named CEO | board shareholder meetings | low | — | — |
| 28 Aug 2026 · Allotment of 69,023 shares under Special Purpose Stock Ownership Plan 2025 | capital market events | low | — | — |
| 28 Aug 2026 · Digitide Solutions holds 2nd AGM; 5 resolutions tabled including CEO appointment | board shareholder meetings | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.