Pace Digitek Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Pace Digitek Ltd trades at ₹202, in a downtrend and 32 weeks into that stage. That is +5.3% against its own 200-day average. It sits at 66% of a 52-week range of ₹152 to ₹228. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 15 straight weeks.

Today the stock is in a downtrend — week 32 of stage 4. At ₹202 it trades +5.3% versus its 200-day average and sits at 66% of its 52-week range (₹152–₹228).

Against the market, two honest reads. Cumulative: over the last 10 months the stock moved −10% while the NIFTY 500 moved +0% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 15 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 76th percentile of its own range.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Pace Digitek Ltd trades at 14.2× P/E, at the pricey end of its own range (76th percentile). Its long-run median P/E is 13.2×, measured across 0.8 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 14.2× is at the pricey end of its own range (76th percentile), against a long-run median of 13.2× measured over 0.8 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Pace Digitek Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 4 quarters across 1 curve, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

4-Factor Sector Score

52.0/100 — rank 3 of 9 in Engineering - Turnkey Services · 56% evidence confidence

Pace Digitek Ltd scores 52.0 out of 100 against the 9 companies it is compared with in Engineering - Turnkey Services, ranking 3. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 15.9 + 16.3 + 9.8 + 10 = 52. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Pace Digitek Ltd reported ₹1,097 Cr of revenue in the Mar 26 quarter, +60.6% year on year. That is the 2nd straight quarter of year-on-year growth. Over 4 years it has compounded at 59.7% a year. The last full year, FY26, came in at ₹2,641 Cr. The last four reported quarters add to ₹2,641 Cr.

Pace Digitek Ltd reported ₹1,097 Cr of revenue in the Mar 26 quarter, +60.6% year on year. That is the 2nd straight quarter of year-on-year growth. Over 4 years it has compounded at 59.7% a year. The last full year, FY26, came in at ₹2,641 Cr. The last four reported quarters add to ₹2,641 Cr.

FY26 revenue came in at ₹2,641 Cr (+8.3% on the year), capping 4 years at 59.7% compound. The latest quarter (Mar 26) printed ₹1,097 Cr, +60.6% year on year — the 2nd consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +11.1% growth against the decade's 59.7% — the current year is running slower than its own long-run rate.

→ Revenue grew — did margins hold as it scaled? Next: 15.0% this quarter (+4.0 pp YoY).

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Pace Digitek Ltd's operating margin is 15.0% in the Mar 26 quarter, +4.0 percentage points against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 6.0% to 20.0%. The current quarter sits inside that band.

Pace Digitek Ltd's operating margin is 15.0% in the Mar 26 quarter, +4.0 percentage points against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 6.0% to 20.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 15.0%, +4.0 pp against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 6.0%–20.0%.

Why the margin moved: operating margin went +3.7 pp year on year while gross margin went −31.0 pp — the gain came mostly from the gross line: input costs and pricing.

→ Margins held — did that reach the bottom line? Next: profit +89.3% in the latest quarter.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Pace Digitek Ltd earned ₹106 Cr of net profit in the Mar 26 quarter, +89.3% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹307 Cr. The 4-year compound rate is 124.9%. That is 9.7% of the quarter's revenue. The same quarter a year earlier earned ₹56.0 Cr.

Pace Digitek Ltd earned ₹106 Cr of net profit in the Mar 26 quarter, +89.3% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹307 Cr. The 4-year compound rate is 124.9%. That is 9.7% of the quarter's revenue. The same quarter a year earlier earned ₹56.0 Cr.

Mar 26 profit was ₹106 Cr, +89.3% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹307 Cr (+10.0%), and the 4-year compound rate is 124.9%.

Why profit moved: revenue contributed +60.6% and the margin +4.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit +19.3% vs revenue +11.1%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

→ Profit rose — but did the cash follow? Next: −108% of the last 3 years' profit arrived as cash.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years −108% of Pace Digitek Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−917 Cr of operating cash against ₹307 Cr of profit. After ₹81.0 Cr of capital spending, ₹−998 Cr was left as free cash.

FY26: operating cash of ₹−917 Cr against reported profit of ₹307 Cr, leaving free cash of ₹−998 Cr after ₹81.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −108% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

🚨 Why conversion sits at −108%: the cash cycle stretched 204 days between FY22 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: conversion is below par and the cash cycle has stretched 204 days — the next section's job is to find where the cash is stuck.

→ So follow the cash to where it goes. Next: the −136-day cycle, in money terms.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Pace Digitek Ltd's cash conversion cycle runs −136 days in FY26, up from −340 days in FY22. Capital spending ran ₹121 Cr over the last 3 years. At FY26 sales of ₹2,641 Cr each day of that cycle holds about ₹7.2 Cr, so roughly ₹−984 Cr sits inside the business at any moment.

FY26: debtors at 286 days, inventory at 182 days — roughly 6.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −136 days, looser than FY22's −340.

The full loop: cash goes out to suppliers and production on day 0; stock waits 182 days to sell; customers pay about 286 days after that; and suppliers themselves are paid at 603 days — netting out to the −136-day cycle.

In money terms: at FY26 sales of ₹2,641 Cr, each day of the cycle holds about ₹7.2 Cr — so the −136-day loop keeps roughly ₹−984 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹121 Cr over the last 3 fiscal years against ₹23.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹38.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 21%.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Pace Digitek Ltd earns a ROCE of 21% in FY26. That is up from a trough of 7% in FY23. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 11.6% net margin on 0.50× asset turns.

FY26 ROCE is 21%, recovered from a FY23 trough of 7% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 11.6% net margin × 0.50× asset turns × 2.41× balance-sheet leverage ≈ 14.0% on equity. Margin does its share; leverage is a meaningful part of the equation.

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 9.1% on reported income across 8 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.44.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Pace Digitek Ltd carries ₹981 Cr of borrowings against ₹2,207 Cr of equity in FY26, a debt-to-equity of 0.44. Operating profit covers the interest bill 8×. Over 4 years borrowings went from ₹133 Cr to ₹981 Cr. Capital spending ran ₹121 Cr across the last 3 of those years.

FY26: borrowings of ₹981 Cr against equity of ₹2,207 Cr — a debt-to-equity of 0.44. Operating profit covers the interest bill 8×. Over 4 years borrowings went from ₹133 Cr to ₹981 Cr while capital spending ran ₹121 Cr in just the last 3 — part of the build-out is riding on borrowed money.

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 9.1% on reported income across 8 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Who owns this, and are they adding or leaving? Next: the register is quiet.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Pace Digitek Ltd moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — .

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Pace Digitek Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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