DU Digital Global Ltd
Incorporated in 2007, DU Digital Global Ltd
is in the business of providing outsourced
VISA services[1]
- Market Cap ₹ 262 Cr.
- Current Price ₹ 36.5
- High / Low ₹ 61.9 / 26.5
- Stock P/E 48.7
- 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
- Stock is trading at 2.67 times its book value
- 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: | -6% |
| 1 Year: | -30% |
| 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% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|
| Total Employees Number ・Standalone data |
|
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| Cumulative Visa Applications Processed Million |
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| DuVerify Applications Processed Number |
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| Number of Countries of Operation Number |
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| Number of Locations (Visa Centers) Number |
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| Group Employee Count Number |
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Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
2 March 2026 - Investor meeting at Arihant Capital Bharat Connect on Mar 06, 2026 04:00 IST; H1FY26 presentation used.
-
Appointment
24 February 2026 - Re-appointment of WTD Apr 15, 2026; Independent Director May 13, 2026; CS Feb 24, 2026; Internal auditor FY2025-26.
-
Appointment
24 February 2026 - Board approved reappointments: Krishna Kumar (WTD) Apr 15,2026; Gaurav Kumar (ID) May 13,2026; CS Vratanshi Arora Feb 24,2026; internal auditor FY2025-26.
-
Appointment
24 February 2026 - Board approved reappointments: Krishna Kumar WTD from 15-Apr-2026; Gaurav Kumar from 13-May-2026; CS appointed Feb 24; internal auditor FY2025-26
-
Outcome of Board Meeting
24 February 2026 - Re-appointed Krishna Kumar WTD from 15-Apr-2026; Gaurav Kumar independent from 13-May-2026; CS appointed 24-Feb-2026; internal auditor FY2025-26.
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