Diginex Limited

DGNX

Software - Application · Technology

Price

$1.52

+0.05 (+3.40%)

Market Cap

$44.2M

Exchange

NASDAQ Capital Market

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Based on the IPO prospectus (annual filing). This score will refine automatically once the company reports its first quarters.

Data as of Aug 9, 2026 · filings through Sep 30, 2025

Share count falling — buybacks

−22.6% over 3y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 22.7M (2022) → 17.5M (2025)

Diginex Limited is a technology company that builds software tools focused on environmental, social, and governance (ESG) reporting. Its main product is a platform that helps businesses track, measure, and report their sustainability data — things like carbon emissions and labor practices. The company sells to corporations that need to meet growing regulatory and investor demands for ESG transparency.

Diginex earns money through software subscriptions, giving it a 100% gross margin since it sells digital products rather than physical goods. It operates primarily in Asia and Europe, and is a small company with a market cap near zero, meaning it is very early-stage. The operating margin of roughly -407% shows the company is spending far more than it earns right now. The key growth driver is tightening global ESG disclosure regulations, which could push more companies to buy reporting software — but the main risk is intense competition from much larger software providers entering the same space.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

EPS data limited

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

85.4%ownership

Insiders own a meaningful stake in the company

Cash Runway

~2 months

$2M cash & investments

Short runway — potential dilution ahead through share issuance

Cash watch

Diginex Limited has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

100.0%

Premium pricing power — 100.0% gross margin

Operating Margin

-406.9%

Losing money on operations — -406.9%

ROCE

-182.2%

Weak — -182.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+57.0%

—

Fast-growing sales (+57.0% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

N/A

—

Data not available

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-375.9%

Burning cash (-375.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.00

Conservative — low debt load (0.00)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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