---
title: "Panache Digilife Ltd (PANACHE) — Share Price, Financials & Analysis"
symbol: "PANACHE"
company: "Panache Digilife Ltd"
canonical: "https://tapetide.com/stocks/PANACHE"
isin: "INE895W01019"
nse_symbol: "PANACHE"
sector: "Information Technology"
industry: "IT Enabled Services"
market_cap_cr: 831.13
generated_at: "2026-09-13T19:33:50.029Z"
---

# Panache Digilife Ltd (PANACHE)

Canonical page: https://tapetide.com/stocks/PANACHE

## Company

- **NSE Symbol:** PANACHE
- **ISIN:** INE895W01019
- **Sector:** Information Technology
- **Industry:** IT Enabled Services
- **Macro Sector:** Information Technology
- **Stock Type:** EQUITY
- **Listed Since:** 2020-01-06
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** panachedigilife.com

## About

Panache Digilife Ltd is a Bhiwandi-based electronics system design and manufacturing company providing design-led/contract-led manufacturing, product engineering, integration, deployment and lifecycle 
support for ICT/IoT hardware. [1] [2]

## Latest Price

- **Price:** ₹519
- **Change:** 0 (0%)
- **Open:** ₹510
- **Day High:** ₹519
- **Day Low:** ₹510
- **Previous Close:** ₹519
- **Volume:** 2302
- **As Of:** 2026-09-11T09:45:07+00:00

## Key Fundamentals

Observed at 2026-09-11T04:51:22.461295Z.

- **Market Cap:** ₹831.13 Cr
- **Classification:** Microcap
- **P/E (reported):** 43
- **P/E (TTM):** 44.17
- **EPS (TTM):** ₹11.75
- **Book Value:** ₹65.93
- **Price to Book:** 7.87
- **Dividend Yield:** 0%
- **ROE:** 8.68%
- **ROCE:** 15.11%
- **Debt to Equity:** 0.26
- **Revenue (yearly):** ₹242.98 Cr
- **Net Income:** ₹16.49 Cr
- **EBITDA:** ₹23.55 Cr
- **52-Week High:** ₹559.4
- **52-Week Low:** ₹237.7
- **RSI (14):** 55.29

## Tapetide Score

- **Score:** 44 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Rising
- **Percentile:** 25 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 37.15 | 9% |
| growth | 98.9 | 9% |
| momentum | 97.5 | 12% |
| ownership | 52.31 | 24% |
| quality | 33.87 | 22% |
| valuation | 20.25 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is expected to give good quarter
- Company has delivered good profit growth of 38.4% CAGR over last 5 years

### Weaknesses

- Stock is trading at 7.63 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 153 days.
- Promoter holding has decreased over last 3 years: -11.4%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -419.88% | -133.74% | -373.94% |
| ebitda margin growth | -58.45% | -1.13% | 3.79% | 30.48% |
| net income growth | -64% | 189.3% | 113% | 38% |
| revenue growth | -49.26% | 108.03% | 28% | 25% |
| roce | -60.4% | 32.31% | -4.19% | 16.04% |
| roe | -63.97% | -571.74% | 3.68% | -10.97% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 20.58 | 15.21 | 54.74 | 11.74 | 23.43 | 20.74 | 60.02 | 29.54 | 39.02 | 70 | 94.55 | 47.48 |
| Expenses | 19.36 | 14.23 | 50.83 | 10.67 | 20.6 | 17.55 | 56.5 | 27.56 | 36.48 | 63.22 | 80.37 | 42.53 |
| Operating Profit | 1.22 | 0.98 | 3.91 | 1.07 | 2.83 | 3.19 | 3.52 | 1.98 | 2.54 | 6.78 | 14.18 | 4.95 |
| OPM % | 5.93 | 6.44 | 7.14 | 9.11 | 12.08 | 15.38 | 5.86 | 6.7 | 6.51 | 9.69 | 15 | 10.43 |
| Other Income | 0.22 | 0.66 | -2.49 | 0.24 | 0.18 | 0.17 | 0.26 | 0.24 | 0.37 | 0.28 | -1.69 | 1.49 |
| Interest | 1.08 | 1.16 | 1.15 | 0.93 | 0.65 | 0.63 | 0.52 | 0.67 | 0.69 | 0.63 | 0.65 | 0.71 |
| Depreciation | 0.22 | 0.22 | 0.22 | 0.24 | 0.3 | 0.27 | 0.27 | 0.29 | 0.29 | 0.3 | 0.36 | 0.36 |
| Profit before tax | 0.14 | 0.26 | 0.05 | 0.14 | 2.06 | 2.46 | 2.99 | 1.26 | 1.93 | 6.13 | 11.48 | 5.37 |
| Tax % | 14.29 | 11.54 | 100 | 21.43 | 25.73 | 17.89 | 26.42 | 23.81 | 23.32 | 27.73 | 25.78 | 23.84 |
| Net Profit | 0.12 | 0.23 | 0 | 0.11 | 1.53 | 2.02 | 2.2 | 0.96 | 1.48 | 4.44 | 8.51 | 4.09 |
| EPS in Rs | 0.1 | 0.19 | 0 | 0.09 | 1 | 1.33 | 1.44 | 0.63 | 0.97 | 2.92 | 5.31 | 2.55 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 77 | 93 | 71 | 78 | 86 | 112 | 96 | 116 | 233 | 251 |
| Expenses | 72 | 86 | 65 | 70 | 81 | 106 | 90 | 105 | 208 | 223 |
| Operating Profit | 5 | 7 | 6 | 8 | 5 | 6 | 6 | 11 | 26 | 28 |
| OPM % | 6 | 8 | 9 | 10 | 5 | 5 | 6 | 9 | 11 | 11 |
| Other Income | 1 | 1 | 1 | 2 | 2 | 1 | 0 | 1 | -1 | 0 |
| Interest | 1 | 2 | 3 | 4 | 3 | 4 | 5 | 3 | 3 | 3 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | 6 | 3 | 5 | 3 | 2 | 1 | 8 | 21 | 25 |
| Tax % | 36 | 30 | 33 | 29 | 30 | 20 | 21 | 23 | 26 | — |
| Net Profit | 2 | 4 | 2 | 4 | 2 | 2 | 0 | 6 | 15 | 19 |
| EPS in Rs | 2.01 | 3.42 | 1.7 | 2.95 | 1.75 | 1.54 | 0.34 | 3.85 | 9.62 | 11.75 |
| Dividend Payout % | 12 | 7 | 15 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4 | 6 | 6 | 12 | 12 | 12 | 12 | 12 | 15 | 16 |
| Reserves | 2 | 17 | 21 | 17 | 20 | 23 | 25 | 25 | 55 | 93 |
| Borrowings | 18 | 13 | 24 | 29 | 29 | 24 | 35 | 33 | 21 | 28 |
| Other Liabilities | 17 | 48 | 50 | 38 | 17 | 22 | 24 | 28 | 26 | 66 |
| Total Liabilities | 41 | 85 | 101 | 95 | 79 | 80 | 96 | 98 | 117 | 202 |
| Fixed Assets | 3 | 3 | 4 | 5 | 5 | 4 | 12 | 12 | 12 | 14 |
| CWIP | 0 | 0 | 0 | 6 | 6 | 6 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Other Assets | 38 | 81 | 96 | 83 | 67 | 69 | 82 | 84 | 103 | 186 |
| Total Assets | 41 | 85 | 101 | 95 | 79 | 80 | 96 | 98 | 117 | 202 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1 | -7 | -5 | 7 | 1 | 2 | -3 | 8 | -13 | 0 |
| Cash from Investing Activity | 0 | -1 | 0 | -9 | 1 | 5 | -4 | -1 | 1 | -24 |
| Cash from Financing Activity | -3 | 7 | -2 | -1 | -3 | -1 | -9 | -7 | 22 | 19 |
| Net Cash Flow | -4 | 0 | -7 | -3 | -1 | 7 | -16 | 1 | 10 | -4 |
| Free Cash Flow | -1 | -7 | -6 | 3 | 0 | 2 | -4 | 7 | -14 | 0 |
| CFO/OP | -4 | -127 | -37 | 136 | 20 | 82 | -41 | 137 | -117 | 11 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 137 | 202 | 227 | 201 | 181 | 134 | 157 | 181 | 204 | 153 |
| Inventory Days | 120 | 166 | 120 | 178 | 102 | 129 | — | — | — | 78 |
| Days Payable | 107 | 248 | 215 | 208 | 75 | 72 | — | — | — | 104 |
| Cash Conversion Cycle | 149 | 121 | 131 | 172 | 208 | 192 | 157 | 181 | 204 | 127 |
| Working Capital Days | 71 | 85 | 61 | 97 | 116 | 116 | 90 | 97 | 179 | 148 |
| ROCE % | 20 | 16 | 18 | 10 | 14 | 11 | 10 | 13 | 13 | 24 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 65.49% | 65.49% | 65.49% | 65.49% | 51.61% | 51.61% | 51.61% | 51.68% | 51.68% | 51.68% | 54.05% | 54.05% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 28.61% | 28.83% | 29.22% | 29.31% | 40.84% | 40.97% | 41.07% | 40.47% | 35.43% | 35.92% | 34.01% | 33.92% |
| Others | 5.9% | 5.68% | 5.29% | 5.19% | 7.55% | 7.42% | 7.32% | 7.85% | 12.89% | 12.4% | 11.94% | 12.03% |
| No. of Shareholders | 2549 | 2585 | 2782 | 3451 | 3051 | 3262 | 3166 | 3393 | 3975 | 3605 | 3526 | 3915 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 4 / 6

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 522.91 | Sell |
| EMA (10) | 522.2 | Sell |
| SMA (20) | 529.01 | Sell |
| EMA (20) | 516.59 | Buy |
| SMA (50) | 478.56 | Buy |
| EMA (50) | 483.12 | Buy |
| SMA (100) | 423.65 | Buy |
| EMA (100) | 440.62 | Buy |
| SMA (200) | 372.85 | Buy |
| EMA (200) | 391.26 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 55.29 | Neutral |
| MACD (12,26,9) | 11.57 | Sell |
| Stochastic (14,3,3) | 27.78 | Neutral |
| ADX (14) | 33.59 | Buy |
| Williams %R (14) | -76.65 | Neutral |
| ATR (14) | 17.62 | High Volatility |
| ROC (12) | -2.16 | Sell |
| Stoch RSI (14) | 3.85 | Buy |
| UO (7,14,28) | 72.96 | Sell |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-02 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/PANACHE_02092026180144_NSEIntimationforNewspaper_Signed.pdf) |
| 2026-09-01 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/PANACHE_01092026181148_NSE19thAGMNoticeandAR_Signed.pdf) |
| 2026-09-01 | [General Updates](https://nsearchives.nseindia.com/corporate/PANACHE_01092026182007_NSEIntimation_36_1_b_Signed.pdf) |
| 2026-08-29 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/PANACHE_29082026150630_PreAGMNewspaperAdvtNSE_Signed.pdf) |
| 2026-08-27 | [Credit Rating](https://nsearchives.nseindia.com/corporate/PANACHE_27082026171004_NSEIntimation_Credit_Rating_Signed.pdf) |
| 2026-08-22 | [Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/PANACHE_22082026171608_Reg30Intimation_InvestorMeet_Signed.pdf) |
| 2026-08-13 | [Press Release](https://nsearchives.nseindia.com/corporate/PANACHE_13082026231444_NSE_PR_Signed.pdf) |
| 2026-08-10 | [Press Release](https://nsearchives.nseindia.com/corporate/PANACHE_10082026211235_PressReleaseQ127_Signed.pdf) |
| 2026-08-10 | [Options to purchase securities](https://nsearchives.nseindia.com/corporate/PANACHE_10082026192927_NSEOutcomeQ1_Signed.pdf) |
| 2026-08-10 | [Change in Management](https://nsearchives.nseindia.com/corporate/PANACHE_10082026191904_NSEOutcomeQ1_Signed.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-08-11 | [Investor Presentation](https://nsearchives.nseindia.com/corporate/PANACHE_11082026230100_NSE_InvestorPresentation_Q127_Signed.pdf) |
| 2026-04-30 | [Investor Presentation](https://nsearchives.nseindia.com/corporate/PANACHE_30042026192902_NSE_InvestorPresentation_Signed.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-10 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PANACHE_10082026190231_NSEOutcomeQ1_Signed.pdf) |
| 2026-08-10 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PANACHE_10082026191307_NSEOutcomeQ1_Signed.pdf) |
| 2026-04-30 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PANACHE_30042026000438_NSEOutcome_Results_Signed.pdf) |
| 2026-04-29 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PANACHE_29042026224520_NSEOutcome_Results_Signed.pdf) |
| 2026-04-29 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PANACHE_29042026225127_NSEOutcome_Signed.pdf) |
| 2026-02-12 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PANACHE_12022026192206_NSEOutcome_Signed.pdf) |
| 2026-02-12 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PANACHE_12022026191422_NSE_Outcome_Q3_Results_Signed.pdf) |
| 2025-11-11 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PANACHE_11112025200746_NSEOutcomeQ2_Signed.pdf) |
| 2025-11-11 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PANACHE_11112025193544_NSEOutcomeQ2_Signed.pdf) |
| 2025-09-25 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PANACHE_25092025172418_Outcome_BM_Pref_Issue_PDL_Signed.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/PANACHE_14052025234103_NSEInvestorPresentationSigned.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://nsearchives.nseindia.com/corporate/PANACHE_26022025194732_InvestorPresentation_Signed.pdf) |
| Feb 2021 | [Concall - Feb 2021](https://archives.nseindia.com/corporate/PANACHE_22022021100301_NSEInvestorPresentationFeb2021.pdf) |
| Aug 2023 | [Concall - Aug 2023](https://archives.nseindia.com/corporate/PANACHE_10082023202322_InvestorPresentationSigned.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/AR_28773_PANACHE_2024_2025_A_8552997_06092025165827.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/AR_25760_PANACHE_2023_2024_0409202422548.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/AR_23669_PANACHE_2022_2023_06092023183033_09062023190016.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_21834_PANACHE_2021_2022_11102022173241_10112022180008.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/AR_19399_PANACHE_2020_2021_04092021212507_09042021220017.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/AR_17541_PANACHE_2019_2020_07092020183217_07092020190013.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/AR_16233_PANACHE_2018_2019_18032020192203_18032020200001.zip) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:33:50.029Z.