Diginex Limited (DGNX) AI Stock Analysis

NASDAQ: DGNXAI research summary: business, growth, valuation, analysts, bull and bear case.

DGNX AI stock analysis summary

AI Research

Diginex Limited (DGNX) is a London-based provider of ESG reporting and supply chain risk software. In FY2026, annual revenue reached $3.6M after growing 77.2%, though net losses expanded to -$25.5M. The stock closed at $1.18 on October 16, 2026, down 99.1% over the past year.

Market cap
$59.2M
Revenue (TTM)
$3.6M
P/E
—
1Y return
-99.1%
S&P 500 16.8%
Avg. target
—

Bull case

  • Revenue grew 77.2% in FY2026 to $3.6M, representing a 34.0% four-year compound annual growth rate from FY2022.
  • The company maintained a 100.0% gross margin across all fiscal years from FY2022 through FY2026.
  • Diginex holds net cash of $4.2M with a low debt-to-equity ratio of 0.01 as of June 30, 2026.

Bear case

  • Net losses widened significantly to -$25.5M in FY2026, accompanied by an operating cash flow outflow of -$11.6M.
  • Quarterly revenue growth decelerated to 3.3% year-over-year in the latest quarter ended June 30, 2026, below the 9.1% median of its US-listed Industrials peers.
  • The stock has lost 99.1% of its value over the past year and trades at $1.18, down from its 52-week high of $196.00.

What Diginex does

Diginex Limited is an investment holding company providing environmental, social, and governance (ESG) reporting solution services across the Asia-Pacific, Europe, North America, the Middle East, and Africa. Founded in 2020 and headquartered in London, United Kingdom, the company employs 114 people. Its core software product portfolio includes diginexESG, an end-to-end reporting platform for topic discovery, data collection, and report publishing; diginexLUMEN for supply chain risk assessment and monitoring; and diginexAPPRISE for risk assessment insights. It also offers bespoke solutions through diginexADVISORY and white-label versions of its software through diginexPARTNERS.

Growth and profitability

Between FY2022 and FY2026, Diginex generated a four-year revenue compound annual growth rate of 34.0%, increasing revenue from $1.1M to $3.6M. Following a 20.1% decline in FY2024 to $1.3M, revenue rebounded with 57.0% growth in FY2025 and 77.2% growth in FY2026. Gross margin remained at 100.0% across all five fiscal years. However, operating losses persisted, with an operating margin of -564.4% and net income of -$25.5M in FY2026 compared to -$5.2M in FY2025. In the latest quarter ended June 30, 2026, quarterly revenue growth slowed to 3.3% year-over-year, while trailing twelve months operating margin stood at -910.9%.

DGNX income statement →

Balance sheet and cash flow

As of June 30, 2026, Diginex held $4.3M in cash and short-term investments against total debt of $128,079, leaving net cash of $4.2M. Total assets stood at $48.7M and shareholders' equity was $16.7M, resulting in a debt-to-equity ratio of 0.01 and a current ratio of 1.72. Operating cash flow and free cash flow both registered outflows of -$11.6M in FY2026, widening from -$7.7M in FY2025.

DGNX balance sheet →

Valuation and performance

With a market capitalization of $59.2M and enterprise value of $39.1M, Diginex trades at a price-to-sales ratio of 16.4x and an enterprise value-to-revenue ratio of 10.8x. Its price-to-sales multiple is substantially above the 1.5x median of its US-listed Industrials peers. The company has a price-to-book ratio of 2.2x. Over the past year, DGNX shares declined 99.1%, while the S&P 500 benchmark returned 16.8%. The stock last closed at $1.18 on October 16, 2026, down 72.4% from its 200-day average and near its 52-week low of $0.85.

DGNX key metrics →

What analysts expect

Diginex does not have analyst coverage, recommendations, or consensus price targets reported in the available data. Forward earnings estimates and next earnings dates are also not provided. In the trailing twelve months ended June 30, 2026, the company posted diluted earnings per share of -$1.20 on revenue of $3.6M. Institutional ownership stands at 1.1%, while insiders hold 5.9% of shares. The stock's short interest accounts for 2.3% of the float following a close of $1.18 on October 16, 2026.

Key risks and what to watch

  • Cash and short-term investments of $4.3M may be pressured by ongoing free cash flow deficits, which reached -$11.6M in FY2026.
  • Trailing twelve months operating margin stands at -910.9%, reflecting heavy operational losses relative to revenue of $3.6M.
  • The stock trades at a price-to-sales multiple of 16.4x, well above the US-listed Industrials peer median of 1.5x.
  • Share price volatility is elevated, with the stock trading 72.4% below its 200-day moving average.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this DGNX AI stock analysis

This page is an AI-written research summary of Diginex Limited (DGNX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: DGNX income statement, DGNX balance sheet, DGNX key metrics, DGNX chart. See the DGNX stock overview for the latest quote and news.

DGNX AI stock analysis FAQ

Does Diginex Limited pay a dividend?

No dividend information is reported for Diginex Limited, and the company does not currently have a recorded dividend yield or payout.

What is Diginex Limited's revenue growth rate?

In FY2026, Diginex generated revenue of $3.6M, reflecting 77.2% annual growth and a four-year compound annual growth rate of 34.0% since FY2022. However, quarterly revenue growth slowed to 3.3% year-over-year in the quarter ended June 30, 2026.

How much debt and cash does Diginex Limited have?

As of June 30, 2026, the company held $4.3M in cash and short-term investments and $128,079 in total debt, resulting in net cash of $4.2M and a debt-to-equity ratio of 0.01.

What is the valuation of DGNX compared to its industry peers?

Diginex carries a price-to-sales ratio of 16.4x and an enterprise value-to-revenue ratio of 10.8x based on a market capitalization of $59.2M. This price-to-sales multiple is higher than the 1.5x median for US-listed Industrials peers.

Who owns Diginex Limited stock?

As of October 16, 2026, corporate insiders hold 5.9% of shares, institutional investors own 1.1%, and short interest represents 2.3% of the float.

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