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Diginex Ltd. (DGNX)
NASDAQ:DGNX
US Market
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Diginex Ltd. (DGNX) AI Stock Analysis

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DGNX

Diginex Ltd.

(NASDAQ:DGNX)

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Neutral 50 (OpenAI - Gpt-5.6Sol)
Rating:50Neutral
Price Target:
$1.50
▲(11.94% Upside)
Action:Reiterated
Date:09/09/26
The score is held back primarily by very weak profitability and persistent cash burn, including the 2026 gross profit/margin dropping to 0% and increasing operating cash outflows. Technicals provide only moderate support (price above short-term DMAs with mixed momentum), while valuation is constrained by negative earnings and no dividend yield data.
Positive Factors
Strong revenue growth
Revenue growth of approximately 77% demonstrates that Diginex is gaining commercial traction in its ESG and sustainability software market. If sustained, expanding revenue can improve operating leverage, support broader customer adoption, and create a larger base from which recurring software revenue may compound.
Negative Factors
Severe and worsening losses
The scale of Diginex’s losses indicates that current revenue is not yet translating into a viable earnings model. Extremely negative net and EBIT margins can consume capital, limit strategic flexibility, and make future profitability dependent on substantial cost improvement or stronger monetization.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Revenue growth of approximately 77% demonstrates that Diginex is gaining commercial traction in its ESG and sustainability software market. If sustained, expanding revenue can improve operating leverage, support broader customer adoption, and create a larger base from which recurring software revenue may compound.
Read all positive factors

Diginex Ltd. (DGNX) vs. SPDR S&P 500 ETF (SPY)

Diginex Ltd. Business Overview & Revenue Model

Company Description
Diginex Limited, operating through its subsidiaries, delivers a comprehensive array of environmental, social, and governance (ESG) solutions. These offerings include advanced reporting platforms, expert advisory services, and customized developmen...
How the Company Makes Money
Diginex’s revenue model is centered on monetizing its ESG/sustainability technology offerings and related services. It primarily makes money by charging customers for access to its software platforms (typically structured as recurring software sub...

Diginex Ltd. Financial Statement Overview

Summary
Despite strong 2026 revenue growth (~77% YoY) and low leverage (2026 debt-to-equity ~0.01), the financial profile is dominated by very large and worsening losses (2026 net margin ~-861%; EBIT margin ~-688%) and sustained negative operating/free cash flow with higher 2026 cash burn (operating cash flow about -11.6M vs. -7.7M in 2025). The 2026 gross profit/margin dropping to 0% is a major red flag for earnings quality/visibility.
Income Statement
18
Very Negative
Balance Sheet
41
Neutral
Cash Flow
22
Negative
BreakdownMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue3.62M2.04M1.30M1.63M1.12M
Gross Profit3.62M2.04M1.30M1.63M1.12M
EBITDA-19.92M-4.68M-4.21M-9.04M-12.97M
Net Income-25.54M-5.21M-4.87M-9.26M-12.97M
Balance Sheet
Total Assets48.67M6.24M974.42K1.59M1.79M
Cash, Cash Equivalents and Short-Term Investments4.30M3.11M76.62K1.18M1.27M
Total Debt128.08K237.68K7.53M6.74M0.00
Total Liabilities32.01M1.69M23.98M21.07M12.60M
Stockholders Equity16.66M4.56M-23.01M-19.48M-10.81M
Cash Flow
Free Cash Flow-11.57M-7.67M-5.86M-6.59M-6.48M
Operating Cash Flow-11.57M-7.67M-5.86M-6.59M-6.47M
Investing Cash Flow-7.61M-10.03K0.000.00-5.04K
Financing Cash Flow20.62M10.72M4.75M6.50M7.45M

Diginex Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.34
Price Trends
50DMA
15.16
Positive
100DMA
10.91
Positive
200DMA
Market Momentum
MACD
0.88
Negative
RSI
54.63
Neutral
STOCH
65.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DGNX, the sentiment is Positive. The current price of 1.34 is below the 20-day moving average (MA) of 18.81, below the 50-day MA of 15.16, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of 0.88 indicates Negative momentum. The RSI at 54.63 is Neutral, neither overbought nor oversold. The STOCH value of 65.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DGNX.

Diginex Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
56
Neutral
$167.42M-1.71-35.90%592.29%83.27%
56
Neutral
$531.13M9.6020.58%119.46%-22.10%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
50
Neutral
$39.91M-0.23-185.47%77.19%-430.45%
49
Neutral
$181.52M-2.04-36.07%-14.22%-185.41%
45
Neutral
$14.19M-0.98-155.82%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
DGNX
Diginex Ltd.
1.37
-82.63
-98.37%
TONX
TON Strategy Company
3.04
-4.01
-56.88%
BVC
BitVentures Limited Sponsored ADR
16.08
0.78
5.10%
HKD
AMTD Digital, Inc. Sponsored ADR
1.69
-0.09
-5.06%
YXT
YXT.COM Group Holding Limited Sponsored ADR
2.38
-6.98
-74.56%
EXOD
Exodus Movement, Inc. Class A
6.01
-21.87
-78.44%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 09, 2026