PANACHE

Panache Digilife Limited

IT hardware and telecom manufacturing services and products including AI laptops and mini PCs

panachedigilife.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹656.45
Market cap
1,051 Cr
Stock P/E
53.7
P/B
9.96
Dividend yield
0.0%
ROE (FY26)
15.6%
ROCE (FY26)
19.2%
Operating margin (FY26)
10.6%
Debt / equity (FY26)
0.23
OCF / EBITDA (FY26)
-19.7%
OCF / EBITDA (3Y)
-36.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Panache Digilife designs and manufactures electronics in India, either to a customer's own design (contract manufacturing) or to designs it owns (design-led manufacturing), and says it has two decades of experience.

What we see

Positives
  • ✓Debt-to-equity of 0.23x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales21 Cr15 Cr55 Cr12 Cr23 Cr21 Cr60 Cr30 Cr39 Cr74 Cr100 Cr51 Cr
Operating expenses (approx.)19 Cr14 Cr51 Cr11 Cr21 Cr18 Cr57 Cr28 Cr37 Cr68 Cr84 Cr46 Cr
EBITDA1 Cr0.98 Cr4 Cr1 Cr3 Cr3 Cr4 Cr2 Cr3 Cr6 Cr16 Cr5 Cr
OPM %5.9%6.4%7.1%8.9%12.1%15.5%5.9%6.5%6.4%8.6%16.2%10.2%
Other income0.09 Cr0.08 Cr2 Cr0.16 Cr0.13 Cr0.17 Cr0.25 Cr0.23 Cr0.36 Cr0.23 Cr2 Cr0.70 Cr
Interest1 Cr1 Cr1 Cr0.93 Cr0.65 Cr0.63 Cr0.52 Cr0.67 Cr0.69 Cr0.63 Cr0.66 Cr0.71 Cr
Depreciation0.22 Cr0.22 Cr0.22 Cr0.24 Cr0.30 Cr0.27 Cr0.27 Cr0.29 Cr0.29 Cr0.30 Cr0.38 Cr0.40 Cr
Profit before tax0.31 Cr0.59 Cr-0.15 Cr0.51 Cr3 Cr2 Cr3 Cr1 Cr2 Cr6 Cr13 Cr5 Cr
Tax %7.9%5.8%-43.0%13.5%20.3%18.3%25.9%25.6%24.9%29.8%24.7%24.1%
Net profit0.29 Cr0.56 Cr-0.22 Cr0.41 Cr2 Cr2 Cr2 Cr0.84 Cr1 Cr4 Cr10 Cr4 Cr
EPS (₹)₹0.24₹0.47₹-0.18₹0.34₹1.59₹1.42₹1.62₹0.55₹0.93₹2.80₹6.51₹2.26

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales93 Cr71 Cr78 Cr85 Cr112 Cr97 Cr116 Cr243 CrSign in free for the trailing twelve months
Operating expenses (approx.)86 Cr65 Cr70 Cr81 Cr106 Cr90 Cr105 Cr216 CrSign in free for the trailing twelve months
EBITDA7 Cr6 Cr8 Cr4 Cr6 Cr6 Cr11 Cr27 CrSign in free for the trailing twelve months
OPM %7.3%9.0%10.2%4.5%5.0%6.4%9.2%11.1%Sign in free for the trailing twelve months
Other income0.89 Cr0.50 Cr0.89 Cr3 Cr0.90 Cr3 Cr0.70 Cr2 CrSign in free for the trailing twelve months
Interest2 Cr3 Cr3 Cr3 Cr4 Cr4 Cr3 Cr3 CrSign in free for the trailing twelve months
Depreciation0.20 Cr1 Cr1 Cr0.70 Cr0.79 Cr0.88 Cr1 Cr1 CrSign in free for the trailing twelve months
Profit before tax5 Cr-2 Cr2 Cr2 Cr1 Cr0.66 Cr9 Cr22 CrSign in free for the trailing twelve months
Tax %32.3%-42.3%81.5%52.4%35.8%19.5%21.3%26.1%Sign in free for the trailing twelve months
Net profit4 Cr-3 Cr0.36 Cr0.80 Cr0.82 Cr0.55 Cr7 Cr17 CrSign in free for the trailing twelve months
EPS (₹)₹3.09₹-2.45₹0.30₹0.67₹0.69₹0.46₹4.90₹10.73Sign in free for the trailing twelve months
Dividend payout %——28.8%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital6 Cr12 Cr12 Cr12 Cr12 Cr12 Cr15 Cr16 Cr
Reserves26 Cr17 Cr17 Cr18 Cr19 Cr20 Cr51 Cr90 Cr
Borrowings24 Cr42 Cr28 Cr24 Cr34 Cr32 Cr20 Cr25 Cr
Other liabilities51 Cr39 Cr37 Cr43 Cr36 Cr33 Cr27 Cr97 Cr
Total liabilities107 Cr109 Cr95 Cr97 Cr102 Cr97 Cr114 Cr228 Cr
Fixed assets (net)2 Cr2 Cr4 Cr4 Cr9 Cr9 Cr8 Cr11 Cr
CWIP0.18 Cr6 Cr6 Cr6 Cr0 Cr0 Cr——
Investments0.03 Cr0.66 Cr0.0018 Cr0.0060 Cr2 Cr3 Cr3 Cr2 Cr
Loans & advances————0.11 Cr0.52 Cr0.72 Cr20 Cr
Inventories25 Cr27 Cr18 Cr26 Cr26 Cr25 Cr27 Cr42 Cr
Trade receivables64 Cr40 Cr38 Cr32 Cr48 Cr48 Cr65 Cr102 Cr
Cash & bank5 Cr2 Cr0.80 Cr0.91 Cr0.23 Cr0.59 Cr1 Cr3 Cr
Other assets11 Cr31 Cr27 Cr28 Cr17 Cr11 Cr9 Cr48 Cr
Total assets107 Cr109 Cr95 Cr97 Cr102 Cr97 Cr114 Cr228 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-5 Cr7 Cr6 Cr7 Cr-7 Cr5 Cr-15 Cr-5 Cr
Cash from investing0.18 Cr-23 Cr-1 Cr6 Cr6 Cr9 Cr4 Cr-18 Cr
Cash from financing-2 Cr14 Cr-5 Cr-6 Cr-15 Cr-12 Cr22 Cr20 Cr
Net cash flow-7 Cr-3 Cr-0.85 Cr7 Cr-16 Cr1 Cr10 Cr-4 Cr
Free cash flow (OCF − Capex)-7 Cr-17 Cr3 Cr7 Cr-8 Cr4 Cr-17 Cr-6 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %13.4%1.2%9.4%9.1%7.9%8.0%13.3%19.2%
ROE %11.5%-10.1%1.2%2.6%2.6%1.7%10.5%15.6%
Debtor days250205180135156180203153
Inventory days1271401211159511210170
Days payable23216489647211080137
Cash conversion cycle14518221218617918222486
OCF / EBITDA %-79.6%102.1%71.0%191.1%-118.0%78.5%-145.4%-19.7%
OCF / EBITDA % (3 years)——31.9%107.2%36.5%35.5%-77.0%-36.4%
Debt / equity0.741.430.950.781.091.000.310.23
Current ratio————1.471.402.241.82
Net debt / EBITDA2.79———6.065.081.820.81