DUDIGITAL GLOBAL LIMITED (DUGLOBAL)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, DUDIGITAL GLOBAL's revenue was ₹23.9 Cr (+6.2% year on year, -22.3% on the previous half-year), and net profit ₹0.0 Cr (against a loss a year earlier); the operating margin was -3.0%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹23.9 | +6.2% | -22.3% |
| Operating profit | ₹-0.7 | to loss | to loss |
| Net profit | ₹0.0 | from loss | -99.3% |
| EPS (₹) | -0.03 | loss narrowed | to loss |
| Operating margin | -3.0% | — | — |
DUGLOBAL delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 100.0% of the DUGLOBAL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 85.08%. That is close to its usual level. Turnover was only ₹14 lakh, so a handful of trades can move this figure. Volume was 0.5 times its average, well below normal. It closed at a price band (circuit) on 1 session in about the last 20. 2 bulk or block deals were reported in DUGLOBAL in the last 60 days: ₹3 Cr sold, none bought.
Delivery in the last 5 sessions: 100.0% · 100.0% · 50.0% · 100.0% · 100.0%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 29 Sep | Sell | Radiant Global Fund-Class B Participating Shares | ₹1.05 Cr | ₹20.01 | 522,500 | Bulk |
| 23 Sep | Sell | Radiant Global Fund-Class B Participating Shares | ₹1.77 Cr | ₹19.05 | 927,500 | Bulk |
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
DUDigital Global Limited has submitted the scrutinizer's report and voting results for its 19th Annual General Meeting held on September 29, 2026. According to the disclosure, all resolutions presented in the AGM notice were approved by shareholders with the requisite majority. The filing represents a standard regulatory compliance requirement under Regulation 44 of the SEBI LODR Regulations without disclosing any unexpected corporate actions.
- 19th Annual General Meeting held on September 29, 2026
- All resolutions passed with the requisite majority by shareholders
- Filing submitted on September 30, 2026, under Regulation 44 of SEBI LODR
Dudigital Global Limited announced that its wholly owned subsidiary, Dudigital Global LLC, has signed a Share Purchase Agreement to acquire 51% equity in DG AG Holdings Limited, Abu Dhabi, for USD 5,100 in cash. The target is an SPV incorporated on June 1, 2026, aimed at holding interests in consular, passport, and visa services. The venture involves a strategic partnership with retail giant Apparel Group to scale operations across international markets. The transaction requires no regulatory approvals and is slated to close within 30 days.
- Acquiring 51% equity (5,100 shares) of DG AG Holdings Limited for an aggregate cash consideration of USD 5,100
- Target is a newly incorporated entity (June 01, 2026) with zero past turnover and paid-up capital of USD 10,000
- Partnering with Apparel Group to support funding, operational scaling, and global execution
- Acquisition expected to close within 30 days of the agreement execution
Dudigital Global Limited has dispatched letters containing web-links for its 19th Annual General Meeting (AGM) Notice and the FY2025-26 Annual Report to shareholders without registered email addresses. The cut-off date for identifying such shareholders was August 28, 2026. The 19th AGM is scheduled to be held via Video Conferencing / Other Audio Visual Means. This is a standard procedural compliance filing under SEBI LODR Regulations.
- Notice issued for the 19th Annual General Meeting along with Annual Report for FY 2025-26
- Physical letters with web-link dispatched to shareholders without registered emails as of the cut-off date August 28, 2026
- AGM to be conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM)
- Compliance intimation under Regulation 30 and 36(1)(b) of SEBI Listing Regulations
DuDigital Global Limited has submitted its Annual Report for FY 2025-26 along with the Notice of its 19th Annual General Meeting (AGM) scheduled for September 29, 2026. The book closure for the AGM is set from September 23, 2026, to September 29, 2026, with the cut-off date for e-voting on September 22, 2026. In the report, the company highlighted its presence across 8 countries and 35 locations, having processed over 1.8 million applications.
- 19th Annual General Meeting scheduled for September 29, 2026, at 12:30 PM IST via video conferencing
- Book closure set from September 23, 2026, to September 29, 2026 (both days inclusive)
- Remote e-voting window runs from September 25, 2026, to September 28, 2026 (cut-off date: September 22, 2026)
- Company reported cumulative milestones of 1.8M+ visa applications processed across 8 countries and 35 locations
DuDigital Global's board approved the sale of its entire stake in two subsidiaries, OSC Global Processing and DU Worldwide, to promoter Rajinder Rai for a combined consideration of ₹11.49 lakh at face value. OSC Global contributed ₹2.62 crore (4.8%) to turnover with a negative net worth of -₹2.47 crore, while DU Worldwide had nil turnover and negative net worth. The company is also converting existing loans into equity in its UAE subsidiary, Dudigital Global LLC (FY26 revenue AED 9.96M), without fresh cash outflow. Additionally, M/s LBS & Co is proposed as statutory auditor for a 5-year term pending AGM approval on September 29, 2026.
- Divesting 1,04,900 shares of OSC Global Processing to promoter Rajinder Rai for ₹10.49 lakh; subsidiary had ₹262.17 lakh turnover and -₹246.77 lakh net worth
- Divesting 10,000 shares of DU Worldwide Pvt Ltd to promoter for ₹1.00 lakh (nil turnover, -₹0.8 lakh net worth)
- Converting existing intra-group loans into equity in UAE wholly owned subsidiary Dudigital Global LLC (FY26 turnover of AED 9,956,089)
- Appointment of M/s LBS & Co as Statutory Auditors for a 5-year term subject to shareholder approval at the AGM on September 29, 2026
Dudigital Global Limited's board approved the sale of its entire stake in two subsidiaries (OSC Global Processing and DU Worldwide) to promoter Rajinder Rai for a combined ₹11.49 lakh at face value. Additionally, the board approved converting existing intra-group loans into equity in its wholly owned UAE subsidiary, Dudigital Global LLC (FY26 turnover: AED 9.96M), with no fresh cash outlay. The company also proposed the appointment of M/s LBS & Co as statutory auditors for a 5-year term ahead of its AGM on September 29, 2026.
- Divesting 1,04,900 shares in OSC Global Processing to promoter for ₹10.49 lakh (contributed ₹262.17 lakh revenue, negative net worth of ₹246.77 lakh).
- Divesting 10,000 shares in DU Worldwide Pvt Ltd to promoter for ₹1.00 lakh (nil revenue).
- Converting pre-existing loans to equity in UAE subsidiary Dudigital Global LLC within 60 days without cash infusion.
- Target UAE entity Dudigital Global LLC reported FY26 turnover of AED 9,956,089 (vs AED 9,611,557 in FY25).
- Appointed M/s LBS & Co as Statutory Auditors for 5 years, subject to AGM approval on September 29, 2026.
Dudigital Global's Board approved the appointment of M/s LBS & Co as Statutory Auditors for a 5-year term, subject to shareholder approval at the AGM on September 29, 2026. The company also approved the sale of its entire equity holding in two loss-making subsidiaries (OSC Global Processing and DU Worldwide) to promoter Rajinder Rai for ₹11.49 lakh at face value. Additionally, pre-existing loans to its wholly owned UAE subsidiary, Dudigital Global LLC (FY26 revenue AED 9.96 million), will be converted into equity within 60 days without fresh capital infusion.
- Appointment of M/s LBS & Co as Statutory Auditors for a 5-year term from the 19th AGM to 24th AGM.
- Sale of 1,04,900 equity shares in OSC Global Processing to promoter Rajinder Rai for ₹10.49 lakh (FY26 turnover ₹262.17 lakh).
- Sale of 10,000 equity shares in DU Worldwide to promoter Rajinder Rai for ₹1.00 lakh.
- Conversion of pre-existing loans into equity in UAE subsidiary Dudigital Global LLC (FY26 turnover AED 9.96 million) within 60 days.
Dudigital Global Limited's Board approved the sale of its entire holdings in two subsidiaries—OSC Global Processing Pvt Ltd and DU Worldwide Pvt Ltd—to promoter Rajinder Rai for ₹10.49 lakh and ₹1.00 lakh respectively. OSC Global contributed ₹2.62 cr (4.80%) in turnover but held a negative net worth of -₹2.47 cr, while DU Worldwide had zero turnover. Additionally, the company approved converting pre-existing intra-group loans into equity in its wholly owned UAE subsidiary Dudigital Global LLC (FY26 revenue AED 99.56 lakh) to strengthen its balance sheet without fresh cash infusion. The 19th AGM is scheduled for September 29, 2026, alongside the proposed appointment of M/s LBS & Co as Statutory Auditors for 5 years.
- Sale of 1,04,900 equity shares in OSC Global Processing Pvt Ltd to promoter Rajinder Rai for ₹10,49,000 (revenue ₹2.62 cr, net worth -₹2.47 cr)
- Sale of 10,000 equity shares in DU Worldwide Pvt Ltd to promoter Rajinder Rai for ₹1,00,000 (nil revenue, net worth -₹0.80 lakh)
- Conversion of pre-existing loans to equity in UAE subsidiary Dudigital Global LLC (FY26 turnover of AED 99,56,089) within 60 days
- 19th AGM convened for September 29, 2026, with cut-off date set as September 22, 2026
- Proposed appointment of M/s LBS & Co, Chartered Accountants, as Statutory Auditors for a 5-year term
Financial Performance
Revenue Growth by Segment
Consolidated revenue grew by 64.6% YoY to INR 48.16 Cr in FY25. In H1FY26, consolidated revenue reached INR 30.77 Cr, a 20% increase YoY. Standalone revenue, primarily from visa and consular services, grew by 74% in FY25 and 26% in H1FY26 to INR 17.9 Cr.
Geographic Revenue Split
The company is expanding internationally with a significant developing business presence in Bangladesh. While specific percentage splits per country are not disclosed, international expansion and diversification across geographies are cited as primary drivers for the 65% consolidated revenue growth.
Profitability Margins
Consolidated Net Profit (PAT) margin improved from 2.7% in FY24 to 7.1% in FY25. In H1FY26, the PAT margin further expanded to 19.4% (INR 6.0 Cr), representing a 338 bps YoY improvement. Standalone PAT margin for H1FY26 stood at 24.2%, up 1,172 bps YoY.
EBITDA Margin
Consolidated EBITDA margin increased from 11.6% in FY24 to 13.3% in FY25. In H1FY26, EBITDA margin surged to 26.7% (INR 8.21 Cr), an 832 bps increase YoY, driven by the addition of new verticals and improved operational efficiencies.
Capital Expenditure
Net worth increased from INR 77.93 Cr in FY24 to INR 84.93 Cr in FY25. Specific INR figures for new CAPEX projects are not disclosed, but the company is investing in 'Digital Transformation Platforms' and 'AI Based Automation Tools' to support its global scale.
Credit Rating & Borrowing
The company maintains a very low Debt-Equity ratio of 0.01. Consolidated borrowings as of September 2025 stood at INR 5.92 Cr (Non-current) and INR 0.52 Cr (Short-term). Finance costs for H1FY26 were INR 0.88 Cr, a decrease from INR 1.55 Cr in H1FY25.
Operational Drivers
Raw Materials
As a service provider, the primary 'raw materials' are human capital and technology. Employee benefit expenses represented 41.2% of consolidated revenue in H1FY26 (INR 12.67 Cr). Direct costs accounted for approximately 10.6% of revenue (INR 3.27 Cr).
Import Sources
Not applicable as the company provides visa and consular services. Operations are spread across India, Bangladesh (DuDigital BD Pvt Ltd), and the UAE (DuVerify LLC-FZ).
Key Suppliers
Not disclosed in available documents as the company is service-oriented rather than manufacturing-oriented.
Capacity Expansion
The company is expanding its service capacity through new subsidiaries such as DuVerify LLC-FZ (added May 2023) and Virtuworld Tourism LLC. It is also scaling operations in Bangladesh and India to handle higher volumes of visa processing.
Raw Material Costs
Direct costs for H1FY26 were INR 3.27 Cr. Employee benefit expenses, the largest operational cost, rose to INR 12.67 Cr in H1FY26 from INR 7.85 Cr in H1FY25 to support a 20% growth in revenue and international expansion.
Manufacturing Efficiency
Not applicable. Service efficiency is tracked via the Net Capital Turnover Ratio, which improved by 109% to 0.72 in FY25, reflecting higher sales generated per unit of capital employed.
Logistics & Distribution
Not applicable; however, the company manages a global distribution of consular services through its subsidiaries in India, UAE, and Bangladesh.
Strategic Growth
Expected Growth Rate
20%
Growth Strategy
Growth will be achieved through geographic diversification to reduce dependency on single markets, the addition of new business verticals like identity verification (DuVerify), and the adoption of AI-based automation to improve margins. The company is also actively meeting with institutional investors to support its international expansion strategy.
Products & Services
Visa processing services, consular services, passport services, and digital identity verification solutions (DuVerify).
Brand Portfolio
DUGLOBAL, DuDigital, DuVerify, OSC Global, Virtuworld Tourism.
New Products/Services
The company recently launched DuVerify LLC-FZ (May 2023) for identity verification services. New verticals and organic growth contributed to a 74% YoY increase in consolidated EBITDA in H1FY26.
Market Expansion
Targeting international expansion beyond current hubs in India and Bangladesh, specifically focusing on the UAE market through DuVerify and Virtuworld Tourism LLC.
Strategic Alliances
The company operates through several key subsidiaries and JVs including OSC Global Processing Pvt Ltd and Intermobility Visa Solutions Pvt Ltd to manage specialized visa contracts.
External Factors
Industry Trends
The industry is shifting toward digital visa processing and AI-based identity verification. DUGLOBAL is positioning itself by adopting digital transformation platforms to remain competitive against other global visa service providers.
Competitive Landscape
Competes with global visa outsourcing firms. Competitive pressure is managed through the adoption of new technology and diversification into niche segments like identity verification.
Competitive Moat
The company's moat is built on its specialized regulatory licenses for consular services and its established geographic network. This is sustainable due to high entry barriers in government-regulated visa processing, though it requires constant technological upgrades.
Macro Economic Sensitivity
Highly sensitive to the travel and tourism sector. Macroeconomic volatility and policy changes regarding international travel directly impact the volume of visa applications processed.
Consumer Behavior
Increased demand for international travel and digital-first consular services is driving the 20% YoY revenue growth in H1FY26.
Geopolitical Risks
Political instability or geopolitical tensions in key markets like Bangladesh or the Middle East could disrupt service delivery and impact the company's growth trajectory.
Regulatory & Governance
Industry Regulations
Operations are governed by international visa and consular protocols. The company must comply with Section 143 of the Companies Act 2013 regarding internal financial controls.
Environmental Compliance
Not disclosed as the company's operations are office-based service centers with minimal environmental footprint.
Taxation Policy Impact
Consolidated tax expense for H1FY26 was INR 1.54 Cr on a Profit Before Tax of INR 7.52 Cr, implying an effective tax rate of approximately 20.5%.
Legal Contingencies
The company has pending litigations disclosed in Note 35 of the financial statements. Additionally, there is a regulatory observation regarding the implementation of daily backups of electronic books of accounts on servers located in India to comply with Rule 3(5) of the Companies Act.
Risk Analysis
Key Uncertainties
The primary uncertainty is the vulnerability to unforeseen global events (e.g., pandemics or regional conflicts) that could halt international travel, potentially impacting revenue by over 50% based on sector sensitivity.
Geographic Concentration Risk
Significant revenue and resource dependency on the Bangladesh market (DuDigital BD Private Limited) poses a concentration risk.
Third Party Dependencies
Dependent on government embassies and consulates for the underlying service contracts that drive visa processing volumes.
Technology Obsolescence Risk
Risk of competitors adopting superior AI or automation tools. The company is mitigating this by implementing its own AI-based automation and CRM systems.
Credit & Counterparty Risk
Trade receivables stood at a level resulting in a turnover ratio of 2.44. The company monitors credit exposure through regular audits and a 'maker-checker' rule to ensure the accuracy of financial records.
