Panache Digilife Limited

About

Panache Digilife Limited designs, manufactures, distributes, sells, and services ICT and IoT devices in India. It provides smart compute devices, such as laptops, all in one PCs, mini and micro PCs, desktop PCs, thin clients, etc.; smart education solutions, including secure teaching and learning platform with virtualization support, interactive tools, tablet based products and charging solutions, and digital writing and writing pad solutions; telecom products comprising managed switches, POE switches, routers, IP telephony devices, etc.; and retail point of sale (POS) solutions consisting of IoT enabled POS devices, kiosk based solutions of visitor management system, and self-service and customer centric kiosks, as well as peripheral devices, such as programmable keyboards, optically coupled barcode scanners, cash registers, barcode card readers, fingerprint readers, thermal printers, and other peripheral accessories. The company was formerly known as Vardhaman Technology Limited and changed its name to Panache Digilife Limited in February 2017. Panache Digilife Limited was incorporated in 2007 and is based in Mumbai, India.

Key Metrics

as of Sep 2026

Market Cap841 Cr

P/E39.50

Div Yield0.00 %

Book Value₹65.90

52w High₹559.00

52w Low₹238.00

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	50.84	99.90	74.47	39.06	29.54	60.08	20.81	23.46	11.76	54.78	15.21	20.58	5.96
Expenses	45.64	83.70	68.09	36.56	27.61	56.56	17.66	20.69	10.75	50.87	14.23	19.36	5.90
Operating Profit	5.20	16.20	6.38	2.50	1.93	3.52	3.15	2.77	1.01	3.91	0.98	1.22	0.06
OPM %	10.23	16.22	8.57	6.40	6.53	5.86	15.14	11.81	8.59	7.14	6.44	5.93	1.01
Other Income	0.70	-1.94	0.56	0.37	0.20	0.26	0.17	0.93	0.59	-2.71	1.00	0.39	1.14
Depreciation	0.40	0.38	0.30	0.29	0.29	0.27	0.27	0.30	0.24	0.22	0.22	0.22	0.22
Interest	0.71	0.66	0.63	0.69	0.67	0.52	0.63	0.65	0.93	1.15	1.16	1.08	1.06
Profit before tax	4.79	13.22	6.01	1.89	1.17	2.99	2.42	2.75	0.43	-0.17	0.60	0.31	-0.08
Tax %	24.01	24.74	27.95	24.87	24.79	26.42	18.18	19.27	4.65	23.53	5.00	6.45	0.00
Net Profit	3.61	10.03	4.26	1.42	0.84	2.25	1.97	2.22	0.41	-0.22	0.56	0.29	-0.08
EPS in Rs	2.36	5.97	2.86	0.92	0.57	1.48	1.30	1.46	0.35	-0.18	0.47	0.24	-0.07

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Sales	243.00	116.00	97.00	112.00	86.00	78.00	71.00	93.00	102.00	79.00
Expenses	216.00	105.00	90.00	106.00	81.00	70.00	65.00	86.00	95.00	72.00
Operating Profit	27.00	11.00	6.00	6.00	5.00	8.00	7.00	7.00	7.00	7.00
OPM %	11.00	9.00	6.00	5.00	5.00	10.00	9.00	7.00	7.00	9.00
Other Income	-1.00	2.00	0.00	0.00	1.00	-2.00	-5.00	1.00	1.00	1.00
Interest	3.00	3.00	5.00	4.00	3.00	4.00	3.00	2.00	1.00	2.00
Depreciation	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00
Profit before tax	22.00	9.00	1.00	1.00	2.00	2.00	-2.00	5.00	6.00	5.00
Tax %	26.00	20.00	17.00	36.00	53.00	80.00	54.00	32.00	22.00	17.00
Net Profit	17.00	7.00	1.00	1.00	1.00	0.00	-3.00	4.00	5.00	4.00
EPS in Rs	10.10	4.52	0.46	0.68	0.67	0.30	-2.44	3.10	4.05	5.26
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	-10.00	8.00	6.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Equity Capital	16.00	15.00	12.00	12.00	12.00	12.00	12.00	6.00	6.00	4.00
Reserves	90.00	51.00	20.00	19.00	18.00	17.00	17.00	26.00	22.00	5.00
Borrowings	28.00	21.00	33.00	35.00	24.00	29.00	43.00	24.00	13.00	18.00
Other Liabilities	94.00	27.00	32.00	35.00	42.00	37.00	37.00	51.00	49.00	36.00
Total Liabilities	228.00	114.00	97.00	102.00	97.00	95.00	110.00	107.00	91.00	64.00
Fixed Assets	15.00	12.00	12.00	12.00	4.00	5.00	25.00	4.00	3.00	3.00
CWIP	0.00	0.00	0.00	0.00	6.00	6.00	6.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	1.00	0.00	0.00	0.00
Other Assets	213.00	101.00	85.00	90.00	87.00	83.00	78.00	102.00	87.00	60.00
Total Assets	228.00	114.00	97.00	102.00	97.00	95.00	110.00	107.00	91.00	64.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Cash from Operating Activity	-5.00	-15.00	5.00	-7.00	7.00	6.00	7.00	-5.00	-7.00
Cash from Investing Activity	-18.00	4.00	9.00	6.00	6.00	-1.00	-23.00	0.00	-1.00
Cash from Financing Activity	20.00	22.00	-12.00	-15.00	-6.00	-5.00	14.00	-2.00	7.00
Net Cash Flow	-4.00	10.00	1.00	-16.00	7.00	-1.00	-3.00	-7.00	0.00
Free Cash Flow	-6.00	-12.00	13.00	-1.00	13.00	5.00	-17.00	-7.00	-7.00
CFO/OP %	-11.00	-141.00	85.00	-100.00	193.00	84.00	123.00	-49.00	-81.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Debtor Days	154.00	203.00	180.00	157.00	134.00	181.00	205.00	250.00	173.00	200.00
Inventory Days	76.00	—	—	—	129.00	102.00	178.00	120.00	124.00	83.00
Days Payable	148.00	—	—	—	72.00	75.00	208.00	219.00	189.00	183.00
Cash Conversion Cycle	82.00	203.00	180.00	157.00	191.00	208.00	176.00	151.00	109.00	101.00
Working Capital Days	139.00	171.00	83.00	78.00	105.00	106.00	52.00	82.00	82.00	63.00
ROCE %	26.00	14.00	13.00	10.00	10.00	12.00	9.00	15.00	22.00	—

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	54.05	54.05	51.68	51.68	51.68	51.61	51.61	51.61	65.49	65.49	65.49	65.49
Public	45.95	45.95	48.32	48.32	48.32	48.39	48.39	48.39	34.51	34.51	34.51	34.51
No. of Shareholders	3,915	3,526	3,605	3,975	3,393	3,166	3,262	3,051	3,450	2,782	2,585	2,549

Corporate Actions

4 records

Action	Ex Date	Record Date	Ratio	Amount (₹)	Notes
Other	22 Sep 2023	—	—	—	Annual General Meeting
Other	21 Sep 2022	—	—	—	Annual General Meeting
Other	20 Sep 2021	—	—	—	Annual General Meeting
Dividend	21 Sep 2020	—	—	0.25

Announcements

5 filings

Copy of Newspaper Publication
02 Sep 2026 2 Sep - Panache Digilife’s 19th AGM on September 24, 2026 at 3:00 p.m. via VC/OAVM.
General Updates
01 Sep 2026 1 Sep - FY2025-26 annual report and notice for 19th AGM on September 24, 2026.
Shareholders meeting
01 Sep 2026 1 Sep - Annual Report 2025-26 filed; 19th AGM on September 24, 2026 at 3:00 p.m. via VC.
Copy of Newspaper Publication
29 Aug 2026 29 Aug - Panache Digilife to hold 19th AGM on September 24, 2026 at 3:00 p.m. via VC/OAVM.
Credit Rating
27 Aug 2026 27 Aug - Crisil assigned BBB-/Stable rating to Panache Digilife’s Rs29 crore bank facilities.

Annual Reports

Credit Ratings

Rating update
26 Aug from crisil
Rating update
31 Jul from infomerics
Rating update
18 Jun 2025 from infomerics
Rating update
3 Oct 2023 from fitch
Rating update
22 Sep 2023 from fitch
Rating update
27 Dec 2022 from icra

Conference Calls

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