NSE: DIGJAMLMTD · BSE: 539979
DIGJAM LTD
Operates in the textiles and apparel sector, classified under Other Textile Products. Its sole manufacturing facility at Jamnagar was discontinued effective March 31, 2025. In FY26, revenue from continuing operations reached Rs 3,327.94 lakhs, an 83% increase from Rs 1,819.83 lakhs in FY25, with continuing operations generating a profit before tax of Rs 232.55 lakhs. Discontinued operations at Jamnagar contributed a loss of Rs 332.35 lakhs, leaving a net loss of Rs 99.80 lakhs for the year. With manufacturing shut, reported materials cost is 0% of revenue, while employee costs (3.1%) and other operating expenses (15.9%) make up the cost base. The company holds Rs 5,318.53 lakhs of assets classified as held for sale, and a scheme to demerge the textile business of Reid & Taylor International into the listed entity awaits shareholder and NCLT approval, with shareholder meetings scheduled for August 16, 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Continuing operations (textiles), Discontinued operations (Jamnagar manufacturing). Small textiles company; manufacturing discontinued, pending demerger of Reid & Taylor International's textile business
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 31 | 33 | 23 | 18 | 33 |
| EBITDA (ex other income) | 1 | (8) | (9) | 3 | 3 |
| margin % | 1.9 | (24.0) | (40.5) | 17.2 | 9.6 |
| Owners' profit | 1 | (12) | (12) | (11) | (1) |
| EPS, as reported (₹) | 0.59 | (6.10) | (6.03) | (5.30) | (0.50) |
| ROE % · ROCE % | 3.0 · 3.0 | (43.5) · (10.0) | (76.1) · (16.6) | (196.5) · 6.3 | (22.6) · 10.7 |
| Debt / equity (x) | 2.10 | 2.61 | 3.21 | 10.96 | 13.61 |
| Cash from operations | (6) | 15 | (5) | (19) | (5) |
| Capex | (0) | (1) | (0) | (0) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 6 | 4 | 14 | 7 | 8 | 7 | 10 |
| Profit before tax | 2 | 1 | (1) | 1 | 1 | 1 | 1 | 1 |
| Net profit | 2 | 4 | 1 | (2) | 1 | (1) | 1 | 1 |
| EPS (₹) | 0.76 | 1.82 | 0.48 | (0.87) | 0.25 | (0.36) | 0.41 | 0.68 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 39,922 | 38.4 | 6.42 | 31.9 | 9.7 | 12.8 | 13.5 | 25.7 |
| WELSPUN LIVING LIMITED | 22,824 | 52.1 | 4.49 | 30.9 | 6.5 | 6.1 | 5.1 | 11.9 |
| VARDHMAN TEXTILES LIMITED | 14,767 | 14.3 | 1.33 | 13.4 | 6.0 | 6.8 | 10.0 | 19.6 |
| TRIDENT LIMITED | 12,205 | 25.5 | 2.50 | 16.0 | 6.8 | 7.4 | 8.1 | 18.2 |
| INDO COUNT INDUSTRIES LTD | 9,784 | 40.1 | 3.84 | 27.4 | 7.7 | 8.0 | 10.5 | 13.9 |
| GARWARE TECH FIBRES LTD | 7,001 | 29.9 | 4.98 | 24.5 | 8.8 | 10.8 | 8.1 | 17.3 |
| SANATHAN TEXTILES LIMITED | 4,725 | 77.9 | 2.52 | 21.8 | 4.1 | 3.5 | — | 8.1 |
| ALOK INDUSTRIES LIMITED | 4,181 | — | — | 1050.9 | 1.6 | (9.7) | (0.7) | 3.8 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 57.4 | 15.0 | 154 of 178 | 14% |
| P/B | 17.0 | 1.1 | 176 of 181 | 3% |
| ROCE | 6.7 | 4.1 | 70 of 196 | 65% |
| ROE | 33.0 | 4.1 | 2 of 177 | 99% |
| Debt / Equity | 9.1 | 0.4 | 184 of 185 | 1% |
| EBITDA margin | 14.1 | 6.9 | 43 of 208 | 80% |
| Revenue growth | (29.8) | 10.9 | 165 of 192 | 14% |
| Profit growth | 177.8 | 27.9 | 41 of 201 | 80% |
| Market cap | 112 | 65 | 86 of 222 | 62% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 23 Oct 2026 · Digjam publishes September 2026 quarter and half-year results | compliance | minimal | — | — |
| 21 Oct 2026 · Digjam changes RTA to MUFG Intime; Q2 net profit at Rs 135.66 lakh | compliance | minimal | — | — |
| 21 Oct 2026 · Profit improves, but liquidity and business continuity risks remain | results | high | — | — |
| 16 Oct 2026 · Digjam board meeting on Oct 21, 2026 to consider Q2 FY26-27 results | results | low | — | — |
| 13 Oct 2026 · RTA Certificate under SEBI Reg 74(5) for Q2 and half year ended Sept 2026 | compliance | minimal | — | — |
| 29 Sept 2026 · Digjam 11th AGM: all three resolutions cleared with over 99.98% votes | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Digjam Limited has submitted the Exchange a copy Srutinisers report of Annual General Meeting held on September 28, 2026. Further, the company has informed the Exchange regarding voting results. | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Digjam Limited 11th AGM held via video conferencing, all resolutions passed | board shareholder meetings | low | — | — |
| 24 Sept 2026 · Trading Window Closure for Q2 and H1 FY26 Results | compliance | minimal | — | — |
| 22 Sept 2026 · Digjam: NCLT hearing notice published for demerger scheme with Reid & Taylor | compliance | minimal | — | — |
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.