Diginex Limited
- Open
- 1.15
- Day high
- 1.25
- Day low
- 1.10
- Prev close
- 1.13
- Volume
- 816K
- Mkt cap
- $36M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 3.3
- P/S
- 17.5
- Yield
- —
- Per share
- —
Diginex Limited (DGNX) is a Technology company listed on NASDAQ. The stock is down 98% over the past year.
Diginex Limited (DGNX) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
DGNX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Apr 21, 2026 | Bridges Grahamofficer: See Remarks | Sell | 1 | $0.70 |
Source: DGNX SEC Form 4 filings, latest Apr 21, 2026. For informational purposes only — not investment advice.
See the full DGNX insider & 13F page →Diginex Limited company profile
Overview
Diginex Limited (NASDAQ:DGNX) is a Hong Kong-based technology company founded in 2020 that specializes in environmental, social, and governance (ESG) reporting solutions. The company went public on January 22, 2025, and operates across Hong Kong, the United Kingdom, and the United States. Diginex provides cloud-based software platforms and advisory services to help organizations measure, manage, and report on their ESG performance and supply chain sustainability.
Business
Diginex operates in the rapidly growing ESG technology sector, which has emerged as companies worldwide face increasing pressure from investors, regulators, and stakeholders to demonstrate sustainable business practices. ESG refers to Environmental, Social, and Governance criteria used to evaluate a company's impact on society and the environment alongside its financial performance. The company offers a comprehensive suite of ESG-focused software products and services. DiginexESG serves as the flagship cloud-based platform that provides end-to-end ESG reporting capabilities, from initial topic discovery through data collection to collaborative report publishing. This platform helps organizations systematically track and report their environmental impact, social initiatives, and governance practices. DiginexLUMEN focuses specifically on supply chain risk assessment, allowing companies to evaluate potential risks across their supplier networks. DiginexAPPRISE is a multilingual application designed to collect standardized data directly from workers within supply chains, providing insights into working conditions and labor practices. DiginexCLIMATE functions as a carbon footprint calculator based on established Greenhouse Gas (GHG) protocols, helping organizations measure and track their environmental impact. Beyond software, Diginex provides DiginexADVISORY services that offer strategic guidance and support for credible ESG reporting. DiginexPARTNERS develops white-label versions of the company's core platforms for other service providers, while DiginexMANAGEDSERVICES provides ongoing oversight and support to clients implementing ESG programs.
Revenue model
Diginex generates revenue primarily through software-as-a-service (SaaS) subscriptions for its cloud-based ESG platforms, complemented by professional services and advisory consulting. The company's paying customers are typically medium to large enterprises across various industries that need to comply with ESG reporting requirements or want to improve their sustainability practices. The business model benefits from several favorable market trends. Increasing regulatory requirements for ESG disclosure, such as the EU's Corporate Sustainability Reporting Directive and similar initiatives globally, create mandatory demand for ESG reporting solutions. Growing investor focus on sustainable investing and stakeholder capitalism further drives corporate adoption of ESG practices. The complexity of supply chain management and the need for standardized ESG metrics create opportunities for specialized software solutions. However, the company faces margin pressures from intense competition in the ESG software space, with both established enterprise software providers and specialized ESG startups vying for market share. The relatively early stage of ESG standardization means customers may delay purchases while waiting for clearer regulatory frameworks. Additionally, economic downturns could lead to reduced corporate spending on ESG initiatives, as these are often viewed as discretionary rather than essential business functions.
Competitive moat
Diginex's competitive position appears relatively weak given the company's early stage and the highly competitive ESG software market. The company lacks the scale and established customer relationships that would provide significant switching costs or network effects. While the ESG reporting market is growing rapidly, it remains fragmented with numerous competitors ranging from large enterprise software companies to specialized startups. The company's potential competitive advantages include its comprehensive suite of integrated ESG tools and its focus on supply chain transparency through worker-direct data collection via DiginexAPPRISE. However, these features are not particularly difficult to replicate, and larger competitors with greater resources could potentially develop similar capabilities. The primary competitive threats come from established enterprise software providers like Microsoft, Salesforce, and SAP that are expanding into ESG functionality, as well as well-funded ESG specialists. The lack of strong network effects or proprietary data advantages means Diginex must compete primarily on product features, pricing, and customer service, which are difficult to defend long-term without significant scale or specialization advantages.
Risks & safety
The company presents significant financial risks with minimal margin of safety: • Liquidity crisis: Cash position of only $76,620 against current liabilities of $14.3 million creates immediate solvency concerns • Severe cash burn: Operating cash flow of -$5.9 million in FY2023 with declining revenue from $1.6M to $1.3M • Balance sheet insolvency: Total liabilities of $24.0 million far exceed total assets of $974,417 • Current ratio: Extremely low at 0.04, indicating inability to meet short-term obligations • Negative equity: Company is technically insolvent with liabilities exceeding assets • Valuation concerns: Recent IPO pricing may not reflect underlying financial distress • Going concern risk: The combination of minimal cash, high burn rate, and negative working capital suggests potential bankruptcy risk without immediate capital infusion
Recent development
Based on available financial information, Diginex appears to be in the early stages of commercializing its ESG software platform suite. The company has developed a comprehensive range of ESG-focused products since its 2020 founding, including specialized tools for supply chain assessment and worker condition monitoring. The decline in revenue from $1.6 million in FY2022 to $1.3 million in FY2023 suggests the company may be facing challenges in customer acquisition or retention despite the growing ESG market. The company's recent public listing in January 2025 likely represents an attempt to raise capital to fund operations and growth initiatives, though the timing coincides with a period of significant financial stress. The development of white-label solutions through DiginexPARTNERS indicates the company is exploring partnership-based growth strategies to expand market reach without direct sales efforts. The managed services offering suggests an evolution toward higher-margin recurring revenue streams beyond pure software licensing.
DGNX company profile · for informational purposes only — not investment advice.
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