DU Digital Global Ltd
Incorporated in 2007, DU Digital Global Ltd
is in the business of providing outsourced
VISA services[1]
- Market Cap ₹ 226 Cr.
- Current Price ₹ 31.5
- High / Low ₹ 70.0 / 28.0
- Stock P/E 42.0
- Book Value ₹ 13.7
- Dividend Yield 0.00 %
- ROCE 15.2 %
- ROE 7.66 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 71.6% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.60%
- Company has a low return on equity of 5.75% over last 3 years.
- Earnings include an other income of Rs.3.52 Cr.
- Company has high debtors of 226 days.
- Company's cost of borrowing seems high
- Working capital days have increased from 172 days to 338 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 36.74 | 31.51 | 2.18 | 9.40 | 37.28 | 29.25 | 48.16 | 53.28 | |
| 36.40 | 31.97 | 1.66 | 8.92 | 35.29 | 24.09 | 36.41 | 43.38 | |
| Operating Profit | 0.34 | -0.46 | 0.52 | 0.48 | 1.99 | 5.16 | 11.75 | 9.90 |
| OPM % | 0.93% | -1.46% | 23.85% | 5.11% | 5.34% | 17.64% | 24.40% | 18.58% |
| 0.74 | 0.56 | 0.14 | 0.41 | 0.92 | -0.25 | 0.35 | 3.52 | |
| Interest | 0.04 | 0.14 | 0.09 | 0.23 | 0.78 | 1.01 | 2.63 | 1.96 |
| Depreciation | 0.07 | 0.23 | 0.25 | 0.38 | 1.16 | 1.52 | 3.52 | 4.26 |
| Profit before tax | 0.97 | -0.27 | 0.32 | 0.28 | 0.97 | 2.38 | 5.95 | 7.20 |
| Tax % | 27.84% | -7.41% | 53.12% | 53.57% | 31.96% | 66.39% | 42.86% | |
| 0.71 | -0.24 | 0.16 | 0.13 | 0.66 | 0.81 | 3.39 | 5.26 | |
| EPS in Rs | 0.04 | 0.09 | 0.14 | 0.49 | 0.75 | |||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 72% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 72% |
| 3 Years: | 186% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -15% |
| 1 Year: | -45% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 6% |
| Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 2.60 | 2.91 | 13.95 | 13.96 | 14.37 |
| Reserves | 1.67 | 1.43 | 1.54 | 4.82 | 20.11 | 63.90 | 72.64 | 83.88 |
| 1.17 | 1.00 | 0.28 | 3.90 | 4.29 | 10.94 | 7.03 | 10.71 | |
| 9.18 | 5.29 | 2.08 | 3.70 | 3.84 | 4.86 | 5.92 | 8.67 | |
| Total Liabilities | 12.03 | 7.73 | 3.91 | 15.02 | 31.15 | 93.65 | 99.55 | 117.63 |
| 1.48 | 1.44 | 0.45 | 5.55 | 6.83 | 9.45 | 10.33 | 11.20 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.41 | 0.92 | 0.24 | 0.00 |
| Investments | 5.47 | 1.83 | 0.18 | 0.55 | 0.22 | 23.75 | 25.32 | 25.78 |
| 5.08 | 4.46 | 3.28 | 8.92 | 23.69 | 59.53 | 63.66 | 80.65 | |
| Total Assets | 12.03 | 7.73 | 3.91 | 15.02 | 31.15 | 93.65 | 99.55 | 117.63 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 3.78 | -4.13 | -2.50 | -0.71 | 0.93 | -10.89 | -18.15 | |
| -5.48 | 3.75 | 1.67 | -2.36 | -15.48 | -37.98 | 16.79 | |
| 0.66 | -0.33 | -0.03 | 4.79 | 13.72 | 56.81 | -4.16 | |
| Net Cash Flow | -1.03 | -0.71 | -0.86 | 1.72 | -0.83 | 7.94 | -5.52 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 6.46 | 0.00 | 68.65 | 78.05 | 34.76 | 139.76 | 225.70 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 6.46 | 0.00 | 68.65 | 78.05 | 34.76 | 139.76 | 225.70 |
| Working Capital Days | -67.75 | -35.68 | 6.70 | -12.04 | 24.38 | 152.36 | 337.79 |
| ROCE % | -14.37% | 16.86% | 7.66% | 8.99% | 8.86% | 15.23% |
Documents
Announcements
-
Updates
30 December 2025 - Vinay Anand’s appointment as Company Secretary (effective 02-Jan-2026) withdrawn; position now vacant.
-
Change in Company Secretary/Compliance Officer
30 December 2025 - Vinay Anand's appointment as Company Secretary effective 02 Jan 2026 withdrawn; position currently vacant.
-
Appointment
20 December 2025 - Appointed Vinay Anand as Company Secretary effective 02-Jan-2026; Ankit Agarwal as CFO effective 15-Jan-2026.
-
Appointment
20 December 2025 - Appoints Vinay Anand as Company Secretary (from 02-Jan-2026) and Ankit Agarwal as CFO (from 15-Jan-2026).
-
Outcome of Board Meeting
19 December 2025 - Board appointed Vinay Anand as Company Secretary effective 02 Jan 2026; Ankit Agarwal as CFO effective 15 Jan 2026.
Business Overview:[1][2]
DUDGL is in the business of providing Visa Processing Services to embassies of various countries. Company is a human interface between the visa applicant and the technical visa processing unit of the embassy of the Country for which we it is awarded the
contract or subcontract. It is also a specialized outsourcing and technology solutions provider that caters to governments and diplomatic missions.
Company has 35 centres operating in 35 countries and with 1300 centres available globally with its partner offices