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 · consolidated | 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 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 5 | 6 | 4 | 14 | 7 | 8 | 7 |
| Profit before tax | (12) | 2 | 1 | (1) | 1 | 1 | 1 | 1 |
| Net profit | (12) | 2 | 4 | 1 | (2) | 1 | (1) | 1 |
| EPS (₹) | (5.86) | 0.76 | 1.82 | 0.48 | (0.87) | 0.25 | (0.36) | 0.41 |
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. | 38,138 | 41.8 | 6.69 | 27.6 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,358 | 74.0 | 4.09 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 16,067 | 18.6 | 1.52 | 12.2 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 11,726 | 29.5 | 2.46 | 14.3 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,643 | 57.3 | 3.67 | 20.8 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,821 | 37.8 | 5.77 | 24.5 | 14.7 | 18.7 | 8.1 | 20.5 |
| JINDAL WORLDWIDE LTD | 4,994 | 59.3 | 5.80 | 38.4 | 8.1 | 9.0 | 6.1 | 8.7 |
| FILATEX INDIA LTD | 4,557 | 23.9 | 3.03 | 12.5 | 12.2 | 13.8 | — | 7.6 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 26.5 | 1.3 | 181 of 185 | 2% |
| ROCE | 7.4 | 4.2 | 82 of 227 | 64% |
| ROE | (22.6) | 4.8 | 206 of 214 | 4% |
| Debt / Equity | 13.6 | 0.3 | 214 of 214 | 0% |
| EBITDA margin | 11.9 | 9.8 | 81 of 198 | 59% |
| Revenue growth | 88.7 | 6.9 | 23 of 192 | 89% |
| Profit growth | (14.2) | 20.0 | 133 of 203 | 35% |
| Market cap | 117 | 64 | 89 of 226 | 61% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · NCLT admits demerger scheme petition, next hearing on 28 Oct 2026 | regulatory legal | high | — | — |
| 9 Sept 2026 · NCLT admits demerger petition of Reid and Taylor into Digjam | regulatory legal | high | — | — |
| 4 Sept 2026 · Digjam 11th AGM on Sep 28, 2026 via video conferencing; e-voting Sep 25-27 | compliance | minimal | — | — |
| 3 Sept 2026 · Digjam 11th AGM notice on Sept 28, 2026 with FY26 annual report | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Notice of 11th AGM and Annual Report for FY 2025-2026 | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · Digjam 11th AGM on Sep 28, 2026; Annual Report link shared with shareholders | compliance | minimal | — | — |
| 3 Sept 2026 · Digjam 11th AGM notice and FY26 annual report filed with BSE and NSE | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · Digjam 11th AGM notice and annual report for FY 2025-26 filed | board shareholder meetings | medium | — | — |
| 2 Sept 2026 · Digjam 11th AGM on September 28 via video conferencing | compliance | minimal | — | — |
| 8 Aug 2026 · Newspaper publication of Digjam Q1 FY27 unaudited financial results | 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.