New Risk • Apr 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Revenue is less than US$5m (₹313m revenue, or US$3.3m). Market cap is less than US$100m (₹1.08b market cap, or US$11.5m). Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹46.80, the stock trades at a trailing P/E ratio of 57x. Average trailing P/E is 17x in the Luxury industry in India. Total loss to shareholders of 50% over the past three years. New Risk • Feb 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹896.8m (US$9.84m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Market cap is less than US$10m (₹896.8m market cap, or US$9.84m). Minor Risk Revenue is less than US$5m (₹313m revenue, or US$3.4m). Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: ₹0.45 (vs ₹0.76 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.45 (down from ₹0.76 in 3Q 2025). Revenue: ₹70.4m (up 32% from 3Q 2025). Net income: ₹8.88m (down 42% from 3Q 2025). Profit margin: 13% (down from 28% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. New Risk • Dec 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Revenue is less than US$5m (₹296m revenue, or US$3.3m). Market cap is less than US$100m (₹926.2m market cap, or US$10.3m). Reported Earnings • Nov 07
Second quarter 2026 earnings released: EPS: ₹0.43 (vs ₹5.86 loss in 2Q 2025) Second quarter 2026 results: EPS: ₹0.43 (up from ₹5.86 loss in 2Q 2025). Revenue: ₹142.1m (up 152% from 2Q 2025). Net income: ₹8.63m (up ₹125.8m from 2Q 2025). Profit margin: 6.1% (up from net loss in 2Q 2025). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Aankondiging • Oct 01
Digjam Limited Appoints Ruchit Patel as A Non-Executive Non- Independent Director Digjam Limited at its AGM held on September 30, 2025, approved to consider and approve the appointment of consider and approve the appointment of Mr. Ruchit Patel as a Non-Executive Non- independent Director of the Company for a period of 5 (five) years. Aankondiging • Sep 05
Digjam Limited, Annual General Meeting, Sep 30, 2025 Digjam Limited, Annual General Meeting, Sep 30, 2025, at 11:00 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2026 earnings released: ₹0.33 loss per share (vs ₹2.63 loss in 1Q 2025) First quarter 2026 results: ₹0.33 loss per share (improved from ₹2.63 loss in 1Q 2025). Revenue: ₹39.6m (up 138% from 1Q 2025). Net loss: ₹6.58m (loss narrowed 88% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Aankondiging • Aug 09
Digjam Limited to Report Q1, 2026 Results on Aug 14, 2025 Digjam Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹40.00, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 27x in the Luxury industry in India. Total loss to shareholders of 66% over the past three years. Aankondiging • Jun 30
Digjam Limited Announces Board Changes Digjam Limited announced that at the board meeting held on 29 June 2025, the Board took note of the resignation of Mr. Parashiva Murthy B S, Director of the Company, with effect from 29 June 2025. He has resigned due to personal reasons and confirmed that there are no other material reasons for his resignation. Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Ruchit Bharat Patel as an Additional Director (Non-Executive, Non-Independent) with effect from 29 June 2025. He shall hold office up to the date of the next Annual General Meeting. Dr. Ruchit Patel is a seasoned professional with a diverse portfolio of experience across the healthcare and financial sectors. He currently serves as a Non-Executive Director on the Boards of various companies. A qualified and well- known Gastroenterologist based in Mumbai's Western Suburbs, Dr. Patel brings with him substantial administrative expertise and a strong background in medical practice. His multifaceted experience contributes meaningfully to the strategic oversight and decision-making capabilities of the Board of Digjam Limited. Reported Earnings • May 29
Full year 2025 earnings released: EPS: ₹0.99 (vs ₹6.03 loss in FY 2024) Full year 2025 results: EPS: ₹0.99 (up from ₹6.03 loss in FY 2024). Revenue: ₹184.0m (down 20% from FY 2024). Net income: ₹19.8m (up ₹140.4m from FY 2024). Profit margin: 11% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 35% per year. Aankondiging • May 22
Digjam Limited to Report Q4, 2025 Results on May 27, 2025 Digjam Limited announced that they will report Q4, 2025 results on May 27, 2025 Aankondiging • Mar 05
Digjam Limited to Report Q3, 2025 Final Results on Mar 13, 2025 Digjam Limited announced that they will report Q3, 2025 final results at 4:00 PM, Indian Standard Time on Mar 13, 2025 New Risk • Feb 16
New major risk - Revenue and earnings growth Earnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹346m free cash flow). Negative equity (-₹12m). Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (₹862.4m market cap, or US$9.95m). Minor Risk Revenue is less than US$5m (₹158m revenue, or US$1.8m). Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: ₹0.76 (vs ₹0.91 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹0.76 (up from ₹0.91 loss in 3Q 2024). Revenue: ₹61.7m (up 6.8% from 3Q 2024). Net income: ₹15.2m (up ₹33.4m from 3Q 2024). Profit margin: 25% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 29 percentage points per year, which is a significant difference in performance. New Risk • Feb 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹862.4m (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹346m free cash flow). Negative equity (-₹12m). Market cap is less than US$10m (₹862.4m market cap, or US$9.94m). Minor Risk Revenue is less than US$5m (₹161m revenue, or US$1.9m). Aankondiging • Jan 24
Digjam Limited to Report Q3, 2025 Results on Jan 31, 2025 Digjam Limited announced that they will report Q3, 2025 results at 4:00 PM, Indian Standard Time on Jan 31, 2025 Reported Earnings • Nov 16
Second quarter 2025 earnings released: ₹5.86 loss per share (vs ₹2.31 loss in 2Q 2024) Second quarter 2025 results: ₹5.86 loss per share (further deteriorated from ₹2.31 loss in 2Q 2024). Revenue: ₹60.4m (down 27% from 2Q 2024). Net loss: ₹117.2m (loss widened 154% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Aankondiging • Nov 09
Digjam Limited to Report Q2, 2025 Results on Nov 14, 2024 Digjam Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 15
First quarter 2025 earnings released: ₹2.63 loss per share (vs ₹1.61 loss in 1Q 2024) First quarter 2025 results: ₹2.63 loss per share (further deteriorated from ₹1.61 loss in 1Q 2024). Revenue: ₹17.2m (down 71% from 1Q 2024). Net loss: ₹52.6m (loss widened 63% from 1Q 2024). Aankondiging • Aug 09
Digjam Limited to Report Q1, 2025 Results on Aug 14, 2024 Digjam Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Panchapakesan Swaminathan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • May 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹48m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-₹48m free cash flow). Minor Risks Revenue is less than US$5m (₹241m revenue, or US$2.9m). Market cap is less than US$100m (₹1.70b market cap, or US$20.4m). Aankondiging • May 22
Digjam Limited to Report Q4, 2024 Results on May 27, 2024 Digjam Limited announced that they will report Q4, 2024 results on May 27, 2024 Aankondiging • Feb 12
Digjam Limited Announces Resignation of Vinayak Hoskote Rao, Executive Director, Effective March 31, 2024 Digjam Limited announced resignation of Sri Vinayak Hoskote Rao (DIN: 10073636) from the position of Executive Director and also as the Key Managerial Personnel of the Company with effect from March 31, 2024 (after closing of working hours). Reported Earnings • Feb 11
Third quarter 2024 earnings released: ₹0.91 loss per share (vs ₹2.77 loss in 3Q 2023) Third quarter 2024 results: ₹0.91 loss per share (improved from ₹2.77 loss in 3Q 2023). Revenue: ₹63.1m (down 29% from 3Q 2023). Net loss: ₹18.2m (loss narrowed 67% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Aankondiging • Feb 06
Digjam Limited to Report Q3, 2024 Results on Feb 10, 2024 Digjam Limited announced that they will report Q3, 2024 results on Feb 10, 2024 Reported Earnings • Nov 14
Second quarter 2024 earnings released: ₹2.31 loss per share (vs ₹0.08 loss in 2Q 2023) Second quarter 2024 results: ₹2.31 loss per share (further deteriorated from ₹0.08 loss in 2Q 2023). Revenue: ₹82.2m (down 29% from 2Q 2023). Net loss: ₹46.1m (loss widened ₹44.4m from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Aankondiging • Nov 09
Digjam Limited Appoints Sonali Sanjaybhai Chheda as Company Secretary Cum Compliance Officer, Effective November 13, 2023 The board of directors of Digjam Limited at its meeting held on November 8, 2023, Approved appointment of Ms. Sonali Sanjaybhai Chheda as Company Secretary cum Compliance Officer (KMP) of the Company with effect from November 13, 2023. Reason for appointment: Appointment to fill up vacancy due to resignation of Company Secretary cum Compliance Officer. Ms. Sonali P. Chheda is a associate member of the Institute of Company Secretaries of India and a Commerce Graduate. He has comprehensive and extensive experience of more than a year in dealing with secretarial and compliance management. Prior to joining Digjam Limited she has a working experience with Practicing Company Secretary i.e. N S Dave & Associates. Aankondiging • Nov 04
Digjam Limited to Report Q2, 2024 Results on Nov 08, 2023 Digjam Limited announced that they will report Q2, 2024 results on Nov 08, 2023 New Risk • Nov 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Revenue is less than US$5m (₹336m revenue, or US$4.0m). Market cap is less than US$100m (₹1.67b market cap, or US$20.1m). Reported Earnings • Aug 13
First quarter 2024 earnings released: ₹1.61 loss per share (vs ₹2.06 loss in 1Q 2023) First quarter 2024 results: ₹1.61 loss per share (improved from ₹2.06 loss in 1Q 2023). Revenue: ₹59.6m (up 6.6% from 1Q 2023). Net loss: ₹32.2m (loss narrowed 22% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Aankondiging • Aug 05
Digjam Limited to Report Q1, 2024 Results on Aug 12, 2023 Digjam Limited announced that they will report Q1, 2024 results on Aug 12, 2023 Reported Earnings • May 31
Full year 2023 earnings released: ₹6.10 loss per share (vs ₹0.59 profit in FY 2022) Full year 2023 results: ₹6.10 loss per share (down from ₹0.59 profit in FY 2022). Revenue: ₹341.0m (down 3.8% from FY 2022). Net loss: ₹122.0m (down ₹133.8m from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Aankondiging • May 23
Digjam Limited to Report Q4, 2023 Results on May 29, 2023 Digjam Limited announced that they will report Q4, 2023 results on May 29, 2023 Aankondiging • Feb 09
Digjam Limited Approves Directorate Appointments Digjam Limited at its board meeting held on February 6, 2023, approved the Appointment /Change in Designation of Sri Hardik B. Patel as a Whole Time Director and Chairman of Board from Non-executive Director and Chairman of Board of the Company for period of three years w.e.f. February 6, 2023.Sri Hardik B. Patel is appointed and Redesignated (change of designation) as Whole Time Director and Chairman of the Board from Non-executive Director of the Company for a term of three years with effect from February 6, 2023 to February 5, 2026, who's office will not be liable to retire by rotation. Sri Hardik B. Patel aged 41, has a Master's Degree in Business Administration from Crummer Graduate School of Business, Florida, USA. He is the founder and Promoter of FINQUEST and has worked with pre-eminent investment banks and asset advisory firms such as Merrill Lynch, PCE Investment Bankers and Fidelity Investments in the USA. Sri Patel specializes in developing bespoke client specific solutions including creating prudent asset allocation techniques and building model portfolios. He is on the Board of Rubfila International Limited, Premier Tissues (India) Limited, Finquest Securities Private Limited, Finquest Financial Solutions Private Limited, Krihaan Texchem Private Limited and many family promoted companies. Approved the Appointment of Sri Parashiva Murthy B S as the Additional Director (Non-Executive & Non-Independent) of the Company, liable to retire by rotation, effective today i.e. February 6, 2023, as recommended by the Nomination and Remuneration Committee. Sri Parashiva Murthy B S aged 58, is an Engineering graduate and a professional cost accountant from Institute of Cost Accountants of India having more than 3 decades of Industry experience which includes working with IDBI Bank (formerly Industrial Development Bank of India), BPL Group and Kennametal Group. While working with IDBI for more than 23 years, Mr. Murthy has worked in various capacities with his last role as General Manager, heading the Stressed Asset Vertical of IDBI Bank. Mr. Murthy has been on board of many Corporates as Independent Director. He has deep insight knowledge on credit appraisal process of a Bank and Financial institution. He is on the Board of Finquest Financial Solutions Private Limited as Non-Executive Non-Independent Director. Sri Parashiva Murthy B S is presently acting as Non-Executive Director of Holding Promoter Company, except above Sri Hardik B. Patel is not related to any Directors or Key Managerial Personnel of the Company. Reported Earnings • Feb 08
Third quarter 2023 earnings released: ₹2.77 loss per share (vs ₹1.01 loss in 3Q 2022) Third quarter 2023 results: ₹2.77 loss per share (further deteriorated from ₹1.01 loss in 3Q 2022). Revenue: ₹89.3m (down 19% from 3Q 2022). Net loss: ₹55.4m (loss widened 176% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 30
Digjam Limited to Report Q3, 2023 Results on Feb 06, 2023 Digjam Limited announced that they will report Q3, 2023 results on Feb 06, 2023 Aankondiging • Jan 28
Digjam Limited Announces Resignation of Satish Shah as Chief Financial Officer, Effective February 15, 2023 Digjam Limited announced that Mr. Satish Shah - Chief Financial Officer and Key Managerial Personnel of the company, has tendered his resignation vide letter dated January 27, 2023, due to personal reasons and he will be relieved from his duties effective end of business hours of February 15, 2023. Mr. Satish Shah will also cease to be a Key Managerial Personnel under the provisions of Section 203 and other applicable provisions, if any, of the Companies Act, 2013 and Regulation 30(5) of the SEBI LODR Regulations for determining the materiality of any event or transaction for making the required disclosures to the Stock Exchange with effect from close of business hours of February 15, 2023. Aankondiging • Jan 13
Digjam Limited Announces Resignation of Ajay Kumar Agarwal as Whole Time Director (Executive Director) Digjam Limited notified that Sri Ajay Kumar Agarwal, Whole Time Director (Executive Director), has tendered his resignation as the Whole Time Director (Executive Director) of the Company due to personal reasons with effect from the close of business hours on January 31, 2023. Board Change • Nov 21
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Chairman Hardik Patel is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Nov 05
Digjam Limited to Report Q2, 2023 Results on Nov 11, 2022 Digjam Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Aankondiging • Jul 31
Digjam Limited to Report Q1, 2023 Results on Aug 06, 2022 Digjam Limited announced that they will report Q1, 2023 results on Aug 06, 2022 Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Non-Executive Chairman Hardik Patel is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹1.01 loss per share (down from ₹52.50 profit in 3Q 2021). Revenue: ₹110.0m (up 491% from 3Q 2021). Net loss: ₹20.1m (down 113% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹197, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 91% over the past three years. Aankondiging • Feb 03
Digjam Limited to Report Q3, 2022 Results on Feb 14, 2022 Digjam Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹269, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 116% over the past three years. Board Change • Oct 19
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Director Sudha Gupta is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 