# Panache Digilife share price today (Panache Digilife Ltd, NSE: PANACHE) > Panache Digilife share price today: ₹646.55 at the NSE close on 3 November 2026, up 48.1% in a year. Panache Digilife (NSE: PANACHE) is worth ₹1,035 crore, trades at a P/E of 37.5 and has closed between ₹250.20 and ₹656.45 over the past 52 weeks. > Panache Digilife Ltd's earnings have grown faster than its share price. Earnings per share grew +123.9% in a year while the price moved +48.1%. PANACHE · Computer - Hardware · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/panache-digilife-ltd Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms ## Key numbers - Business trend: Growing steadily, from the last 12 quarters - Price: ₹646.55 (+48.1% in a year) - P/E: 37.5× (lower than 63% of the last 9.2 years) - Revenue (Sep 2026): ₹130 Cr (+231.8% on a year ago) - Profit (Sep 2026): ₹9.3 Cr (+552.1% on a year ago) - Operating margin: 9.6% (+3.2 points on a year ago) - ROCE: 26%, FY26 - ROIC: 21.8%, against a 12.0% cost of capital: +9.8 points The main question: profits are rising, but only −60% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Panache Digilife share price today? Panache Digilife Ltd's share price was ₹646.55 at the close on 3 November 2026. It has been rising for 29 weeks. That is 44.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹250 and ₹656, and at that close it sat 98% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 38 weeks in a row. Over the last 9.5 years the share price moved +1,050% while the NIFTY 500 moved +166%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Panache Digilife this quarter? Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), highest quarterly revenue in 16 quarters and profit up on a year earlier for 4 quarters in a row. 1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter revenue was ₹130 crore, +231.8% on a year earlier. 2. Highest quarterly revenue in 16 quarters Revenue of ₹130 crore in the September 2026 quarter is the highest of the last 16 quarters. 3. Profit up on a year earlier for 4 quarters in a row In the September 2026 quarter profit was ₹9 crore, +552.1% on a year earlier. Why: Profit rose because margins improved, helped by a better mix of products and more work attached to the products. Next results: check whether the higher share of design work holds, since the CFO tied more margin improvement to it. From the earnings call on 27 Oct 2026. ## What are Panache Digilife's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Panache Digilife reported revenue of ₹130 crore, up 231.8% from ₹39.1 crore a year earlier, and a profit of ₹9.26 crore, up 552.1% from ₹1.42 crore. ### Panache Digilife results: July to September 2026 against a year earlier | Measure | July to September 2026 | July to September 2025 | Change | | --- | --- | --- | --- | | Revenue | ₹130 crore | ₹39.1 crore | +231.8% | | Profit | ₹9.26 crore | ₹1.42 crore | +552.1% | | Earnings per share | ₹4.81 | ₹0.92 | +422.8% | | Operating margin | 9.6% | 6.4% | +3.2 points | The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Panache Digilife's management discussed these results on a call held on 27 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.) ## What is the Panache Digilife share price history? Panache Digilife closed at ₹646.55 on 3 November 2026, up 48.1% from ₹436.55 a year earlier (31 October 2025) and up 942.8% over five years. Its highest weekly close since April 2017 was ₹656.45 on 16 October 2026. ### Panache Digilife share price: then and now | When | Close | Change to 3 Nov 2026 | | --- | --- | --- | | 1 week ago · 23 Oct 2026 | ₹652.70 | −0.9% | | 1 month ago · 1 Oct 2026 | ₹516.15 | +25.3% | | 6 months ago · 30 Apr 2026 | ₹365.25 | +77.0% | | 1 year ago · 31 Oct 2025 | ₹436.55 | +48.1% | | 3 years ago · 3 Nov 2023 | ₹69.00 | +837.0% | | 5 years ago · 4 Nov 2021 | ₹62.00 | +942.8% | | Earliest weekly close in our records · 28 Apr 2017 | ₹56.20 | +1,050.4% | | Highest weekly close since April 2017, also the 52-week high · 16 Oct 2026 | ₹656.45 | −1.5% | | Lowest weekly close since April 2017 · 8 May 2020 | ₹35.40 | +1,726.4% | | 52-week low (weekly close) · 23 Jan 2026 | ₹250.20 | +158.4% | Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (464 weekly closes from 28 April 2017 to 3 November 2026.) ## What is the latest news on Panache Digilife? 3 Nov 2026: Panache Digilife closed at ₹646.55, down 0.9% on the week and up 25.3% on the month. 27 Oct 2026: Panache Digilife held its results call for July to September 2026. Management guided: Q3/Q4 activity expected to exceed H1, consistent with historical seasonality. ### Earlier - Results for July to September 2026: Revenue up 231.8% and profit up 552.1% on a year earlier. ## What dividend does Panache Digilife pay? Panache Digilife has paid no dividend on the NSE since 1 April 2021, the start of the period we checked. Not in its latest year. Panache Digilife Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 2 of its last 10 reported years, so there is a history but no current dividend. (From the NSE corporate-actions record, read 4 November 2026.) ## What did Panache Digilife management say on the latest results call? On the call for July to September 2026, held on 27 October 2026, Panache Digilife's management guided: Q3/Q4 activity expected to exceed H1, consistent with historical seasonality. > “In the coming period, you will see news of product innovations and patents that we will be filing.” > Amit Rambhia, on the call for July to September 2026 ### What management guided - Formal financial guidance expected after a couple of quarters. - Technofit Digital capital spending to proceed as customer demand and project scope firm; amount and timing unstated. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/30084-27-Oct-2026.pdf). (From the call for July to September 2026, 27 October 2026.) ## What to watch in Panache Digilife's next results? When Panache Digilife reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Compare Q3/Q4 performance with H1 against management's seasonal outlook. - What to check (from the call) - Compare Q3/Q4 performance with H1 against management's seasonal outlook. - Look for customer-backed Technofit Digital capital spending scope or deployment evidence. - Track telecom subsidiary revenue emergence and the service-versus-equipment contribution. ## Which stock lists is Panache Digilife on? Panache Digilife is on 2 of our India lists: Momentum stocks and IT stocks. - [Momentum stocks Market cap cr: 1015.3376623376623](https://www.sectoralpha.in/momentum-stocks-india) - [IT stocks Market value (₹ crore): 1015.3376623376623](https://www.sectoralpha.in/sectors/it-stocks-india) ## Is Panache Digilife profitable? Panache Digilife Ltd earned ₹9.3 Cr of net profit in the Sep 2026 quarter, +552.1% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹17.0 Cr. Over 9 years profit has grown 17.4% a year on average. That is 7.1% of the quarter's revenue. The same quarter a year earlier earned ₹1.4 Cr. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹17.0 Cr (+142.9% on the year before). Why profit moved: revenue changed +231.8% on a year earlier and the margin moved +3.2 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +336.0% and revenue +157.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Panache Digilife make, and is it growing? Panache Digilife Ltd reported ₹130 Cr of revenue in the Sep 2026 quarter, +231.8% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 9 years it has grown 13.3% a year on average. The last full year, FY26, came in at ₹243 Cr. The last four reported quarters add to ₹355 Cr. FY26 revenue was ₹243 Cr, +109.5% on the year before. Recent pace: the last four quarters grew +157.0% on average, against 13.3% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +137.3%, against +83.6% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +319.1%, against +202.4% a year (accelerating). ## How much of every ₹100 of sales does Panache Digilife keep? Panache Digilife Ltd's operating margin was 9.6% in the Sep 2026 quarter, 3.2 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 10 years it has been between 5.0% and 11.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +3.2 percentage points on the year while gross margin changed +0.3 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is Panache Digilife's profit turning into cash? Over the last 3 years Panache Digilife Ltd's operations used more cash than they brought in, so cash conversion was −60%, a gap worth watching. In FY26 its operations used ₹5.0 Cr of cash, against ₹17.0 Cr of profit. After ₹4.0 Cr of spending on assets, free cash was −₹9.0 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why −60% of profit came in as cash: the cash cycle got 54 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: the bigger use of cash is spending on new assets, at 2.0× depreciation over three years. The next section checks what that spending is building. ## Where does Panache Digilife's cash go? Panache Digilife Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 154 days in FY26, down from 208 days in FY21. It spent ₹6.0 Cr on assets over the last 3 years. Customers take 154 days to pay, and stock sits for 76 days on average. At FY26 sales of ₹243 Cr, each day of that cycle ties up about ₹0.7 Cr, so roughly ₹103 Cr is tied up in the business at any time. FY26: customers took 154 days to pay and stock sat for 76 days, about 2.5 months of sales sitting as stock, for a full cycle of 154 days, shorter than FY21's 208. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 76 days. Customers pay about 154 days after that. Suppliers are paid at 148 days. Together that makes the 154-day cycle. Spending on assets: ₹6.0 Cr over the last 3 years, against ₹3.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Panache Digilife's P/E ratio, and how does it compare with its own history? Panache Digilife Ltd's P/E is 37.5×, in the middle of its own history: higher than 37% of past readings. Its usual P/E (the middle reading) is 46.0×, over 9.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹16.00. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved +123.9% while the price moved +48.1%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved +110.8% a year; about +171.7% a year came from earnings growth and about −60.9 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Panache Digilife business getting better or worse? Panache Digilife Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 39.3%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## How much does Panache Digilife earn on its capital? Panache Digilife Ltd earned a ROCE of 26% in FY26. That is up from a low of 9% in FY20. Its return on capital used (ROIC) is 9.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 7.0% net margin and 1.07× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 7.0% net margin × 1.07× asset turnover × 2.14× leverage (assets divided by equity) ≈ 16.0% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 21.8% − 12.0% = +9.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 21.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 18.0%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Panache Digilife have too much debt? Panache Digilife Ltd has total debt of ₹37.0 Cr against shareholder equity of ₹119 Cr as of Sep 2026, so its debt is 0.31× its equity. Year by year, that ratio went from 0.80 in FY22 to 0.26 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Panache Digilife shareholding pattern? Promoters raised their stake in Panache Digilife Ltd by 2.4 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 54.0% of the company. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why the owners changed: promoters drove it (+2.4 points). They raised their stake step by step. ## How far is Panache Digilife from balance-sheet trouble? For Panache Digilife Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Panache Digilife rank in its industry? 66.5 out of 100, rank 1 of 4 in Computer - Hardware, with 75% of the evidence available. Panache Digilife Ltd scores 66.5 out of 100 against the 4 companies it is compared with in Computer - Hardware, ranking 1. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 33.2 + 15.8 + 5 + 12.5 = 66.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Panache Digilife compared with? Panache Digilife ranks 1 of 4 Computer - Hardware companies on the 4-Factor Sector Score, with 66.5 out of 100. 1. Panache Digilife Ltd this page PANACHE · leader · Most evidence points up · 75% evidence 66.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 33.2/35 · Revenue 100% · Profit 100% · Operating margin change 3.1 points · 100% evidence Capital efficiency 15.8/25 · ROCE 25.7% · Operating margin 9.6% · 100% evidence Valuation 5.0/20 · P/E 37.5× · PEG 8.84 · 50% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 68.1% · 1 year 48.2% · 25% evidence · 12 of 12 weeks ahead Exact sum: 33.2 + 15.8 + 5 + 12.5 = 66.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Redington Ltd](https://www.sectoralpha.in/stocks/redington-ltd) REDINGTON · leader · Evidence leans up · 75% evidence 51.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.3/35 · Revenue 23.2% · Profit -18.1% · Operating margin change 0.5 points · 83% evidence Capital efficiency 15.3/25 · ROCE 18.4% · Operating margin 2% · 76% evidence Valuation 6.6/20 · P/E 14.2× · PEG n/a · 35% evidence Relative strength 13.1/20 · Lead over its industry 4% · Lead over NIFTY 500 20.5% · 1 year 28.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 16.3 + 15.3 + 6.6 + 13.1 = 51.3 · What this means: Relative strength against the index is 20.5%, and revenue and profit growth are weak. 3. [Control Print Ltd](https://www.sectoralpha.in/stocks/control-print-ltd) CONTROLPR · turning · Evidence leans down · 82% evidence 39.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.3/35 · Revenue 15.8% · Profit -68% · Operating margin change -3 points · 100% evidence Capital efficiency 17.2/25 · ROCE 16.4% · Operating margin 20% · 100% evidence Valuation 2.8/20 · P/E 27.7× · PEG 3.76 · 85% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -5.1% · 1 year -21.7% · 25% evidence · 1 of 12 weeks ahead Exact sum: 12.3 + 17.2 + 2.8 + 7.5 = 39.8 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 4. [TVS Electronics Ltd](https://www.sectoralpha.in/stocks/tvs-electronics-ltd) TVSELECT · quiet · Too little evidence to rank firmly · 53% evidence 36.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.3/35 · Revenue 11.7% · Profit 70.3% · Operating margin change -3.5 points · 65% evidence Capital efficiency 1.1/25 · ROCE 5.8% · Operating margin -2.3% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -14.7% · 1 year -40.8% · 25% evidence · 0 of 12 weeks ahead Exact sum: 18.3 + 1.1 + 10 + 7.5 = 36.9 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Computer - Hardware](https://www.sectoralpha.in/sectors/computer-hardware), all 4 compared on one page. ## Which companies are close to Panache Digilife in size? Panache Digilife is the 2nd largest of 4 Computer - Hardware companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Redington. Just below it: Control Print and TVS Electronics. ### Computer - Hardware companies close in size 1. [Redington Ltd](https://www.sectoralpha.in/stocks/redington-ltd) ₹25,560 crore 2. Panache Digilife Ltd ₹1,036 crore 3. [Control Print Ltd](https://www.sectoralpha.in/stocks/control-print-ltd) ₹926 crore 4. [TVS Electronics Ltd](https://www.sectoralpha.in/stocks/tvs-electronics-ltd) ₹678 crore [All 4 Computer - Hardware companies, largest first](https://www.sectoralpha.in/sectors/computer-hardware#all-companies) ### Companies close in size in other industries 1. [Petro Carbon & Chemicals Ltd](https://www.sectoralpha.in/stocks/petro-carbon-chemicals-ltd) ₹1,040 crore · Chemicals - Others 2. [Abans Financial Services Ltd](https://www.sectoralpha.in/stocks/abans-financial-services-ltd) ₹1,037 crore · Finance & Investments - Others 3. Panache Digilife Ltd ₹1,036 crore 4. [Tamil Nadu Petro Products Ltd](https://www.sectoralpha.in/stocks/tamil-nadu-petro-products-ltd) ₹1,033 crore · Petrochem - Others 5. [Anawil Wire and Engineering Ltd](https://www.sectoralpha.in/stocks/anawil-wire-and-engineering-ltd) ₹1,032 crore ## What else do people ask about Panache Digilife? ### What is Panache Digilife's share price today? Panache Digilife Ltd's share price is ₹646.55, +48.1% over the past year. The whole company is worth ₹1,035 Cr on the market. In the last 52 weeks it traded between ₹250 to ₹656; today it is 98% of the way up from the low, 44.4% above its 200-day average (as of 3 November 2026). ### What were Panache Digilife's latest quarterly results? Panache Digilife Ltd reported revenue of ₹130 Cr and net profit of ₹9.3 Cr for the Sep 2026 quarter. Revenue rose 231.8% and profit rose 552.1% compared with a year earlier. Earnings per share were ₹4.81. The operating margin was 9.6%, 3.2 percentage points higher than a year earlier (as of 3 November 2026). ### What is Panache Digilife's market cap? Panache Digilife Ltd's market capitalisation is ₹1,035 Cr at a share price of ₹646.55. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Panache Digilife performing? Panache Digilife Ltd's share price has been rising for 29 weeks. In its latest quarter, revenue rose 231.8% and profit rose 552.1% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 38 weeks running (as of 3 November 2026). ### Will Panache Digilife's share price go up? This page does not forecast Panache Digilife Ltd's share price. What it shows instead: the share price is ₹646.55, and it has been rising for 29 weeks. Its P/E of 37.5× is higher than 37% of its own last 9 years (as of 3 November 2026). ### Who owns Panache Digilife? Promoters own 54.0% of Panache Digilife Ltd, foreign institutions , domestic institutions, and the public 46.0% (latest quarter). The biggest change over the last two years: Promoters raised their stake by 2.4 percentage points over 8 quarters (as of 3 November 2026). ### Does Panache Digilife have too much debt? No, Panache Digilife Ltd has little debt: its debt is 0.26× its equity, and its operating profit is 9 times its interest bill. FY26 borrowings were ₹28.0 Cr against equity of ₹106 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Panache Digilife in its business cycle? Panache Digilife Ltd's FY26 operating margin was 11.0%, against a 10-year range of 5.0% to 11.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 9.6%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Panache Digilife story? The main question: profits are rising, but only −60% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Panache Digilife a stock worth studying right now? What the numbers show: Panache Digilife Ltd's earnings have grown faster than its share price. Earnings per share grew +123.9% in a year while the price moved +48.1%. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Panache Digilife share price forecast for 2026? What management itself guided: Q3/Q4 activity expected to exceed H1, consistent with historical seasonality. ## Lists - Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india - IT stocks: https://www.sectoralpha.in/sectors/it-stocks-india This is research, not advice. We’re not SEBI-registered.