Comprehensive Stock Comparison
Compare Diginex Limited (DGNX) vs Elastic N.V. (ESTC) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
Selected Stocks
Add up to 10 tickers. Use presets or search to get started.
Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | DGNX | 57.0% revenue growth vs ESTC's 17.0% |
| Quality / Margins | ESTC | -5.0% net margin vs DGNX's -255.5% |
| Stability / Safety | DGNX | Beta 1.16 vs ESTC's 1.39, lower leverage |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | ESTC | -55.3% vs DGNX's -92.6% |
| Efficiency (ROA) | ESTC | -3.5% ROA vs DGNX's -144.4% |
Who Each Stock Is For
Income & stability
Growth exposure
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Diginex Limited provides environmental, social, and governance (ESG) reporting and advisory services through a suite of cloud-based software products. It generates revenue primarily from its diginexESG platform subscriptions — which offers end-to-end ESG reporting — along with advisory services and white-label solutions for enterprise clients. The company's competitive advantage lies in its integrated software suite that combines data collection, risk assessment, and reporting tools into a single platform, addressing the growing regulatory demand for ESG compliance.
Elastic is a search and data analytics software company that provides the Elastic Stack platform for real-time search, observability, and security use cases. It generates revenue primarily through subscription-based software sales — about 90% from cloud and self-managed offerings — with the remainder from professional services. Its competitive advantage lies in its widely adopted open-source core (Elasticsearch) that creates a large developer ecosystem and network effects.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
ESTC leads in 4 of 6 categories — strongest in Financial Metrics and Valuation Metrics. 1 category is tied.
Financial Metrics (TTM)
ESTC is the larger business by revenue, generating $1.7B annually — 821.9x DGNX's $2M. Profitability is closely matched — net margins range from -5.0% (ESTC) to -2.6% (DGNX).
| Metric | DGNXDiginex Limited | ESTCElastic N.V. |
|---|---|---|
| RevenueTrailing 12 months | $2M | $1.7B |
| EBITDAEarnings before interest/tax | — | -$27M |
| Net IncomeAfter-tax profit | — | -$85M |
| Free Cash FlowCash after capex | — | $257M |
| Gross MarginGross profit ÷ Revenue | +100.0% | +76.0% |
| Operating MarginEBIT ÷ Revenue | -4.1% | -1.7% |
| Net MarginNet income ÷ Revenue | -2.6% | -5.0% |
| FCF MarginFCF ÷ Revenue | -3.8% | +15.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | +17.7% |
| EPS Growth (YoY)Latest quarter vs prior year | — | +143.8% |
Valuation Metrics
| Metric | DGNXDiginex Limited | ESTCElastic N.V. |
|---|---|---|
| Market CapShares × price | $133M | $5.5B |
| Enterprise ValueMkt cap + debt − cash | $130M | $5.4B |
| Trailing P/EPrice ÷ TTM EPS | -9.56x | -50.07x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 20.96x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | — |
| Price / SalesMarket cap ÷ Revenue | 65.14x | 3.70x |
| Price / BookPrice ÷ Book value/share | 19.50x | 5.82x |
| Price / FCFMarket cap ÷ FCF | — | 20.99x |
Profitability & Efficiency
ESTC delivers a -10.7% return on equity — every $100 of shareholder capital generates $-11 in annual profit, vs $-114 for DGNX. DGNX carries lower financial leverage with a 0.05x debt-to-equity ratio, signaling a more conservative balance sheet compared to ESTC's 0.64x. On the Piotroski fundamental quality scale (0–9), ESTC scores 7/9 vs DGNX's 4/9, reflecting strong financial health.
| Metric | DGNXDiginex Limited | ESTCElastic N.V. |
|---|---|---|
| ROE (TTM)Return on equity | -114.4% | -10.7% |
| ROA (TTM)Return on assets | -144.4% | -3.5% |
| ROICReturn on invested capital | — | -5.2% |
| ROCEReturn on capital employed | -177.9% | -3.7% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 7 |
| Debt / EquityFinancial leverage | 0.05x | 0.64x |
| Net DebtTotal debt minus cash | -$3M | -$133M |
| Cash & Equiv.Liquid assets | $3M | $728M |
| Total DebtShort + long-term debt | $237,675 | $595M |
| Interest CoverageEBIT ÷ Interest expense | -20.25x | -2.17x |
Total Returns (with DRIP)
Over the past 12 months, ESTC leads with a -55.3% total return vs DGNX's -92.6%.
| Metric | DGNXDiginex Limited | ESTCElastic N.V. |
|---|---|---|
| YTD ReturnYear-to-date | -86.4% | -28.2% |
| 1-Year ReturnPast 12 months | -92.6% | -55.3% |
| 3-Year ReturnCumulative with dividends | — | -11.8% |
| 5-Year ReturnCumulative with dividends | — | -64.1% |
| 10-Year ReturnCumulative with dividends | — | -25.6% |
| CAGR (3Y)Annualised 3-year return | — | -4.1% |
Risk & Volatility
DGNX is the less volatile stock with a 1.16 beta — it tends to amplify market swings less than ESTC's 1.39 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ESTC currently trades 44.3% from its 52-week high vs DGNX's 1.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | DGNXDiginex Limited | ESTCElastic N.V. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.16x | 1.39x |
| 52-Week HighHighest price in past year | $39.85 | $117.49 |
| 52-Week LowLowest price in past year | $0.52 | $49.90 |
| % of 52W HighCurrent price vs 52-week peak | +1.6% | +44.3% |
| RSI (14)Momentum oscillator 0–100 | 27.3 | 47.0 |
| Avg Volume (50D)Average daily shares traded | 4.2M | 1.3M |
Analyst Outlook
| Metric | DGNXDiginex Limited | ESTCElastic N.V. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy |
| Price TargetConsensus 12-month target | — | $104.00 |
| # AnalystsCovering analysts | — | 34 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Jan 25 | Feb 26 | Change |
|---|---|---|---|
| Diginex Limited (DGNX) | NaN | ∞ | NaN% |
| Elastic N.V. (ESTC) | 100 | 58.72 | -41.3% |
Diginex Limited (DGNX) returned +InfinityK% over 5 years vs Elastic N.V. (ESTC)'s -64%. A $10,000 investment in DGNX 5 years ago would be worth $∞ today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Diginex Limited (DGNX) | $1M | $2M | +82.2% |
| Elastic N.V. (ESTC) | $88M | $1.5B | +1582.2% |
Elastic N.V.'s revenue grew from $88M (2017) to $1.5B (2025) — a 42.3% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Diginex Limited (DGNX) | -11.6% | -2.6% | +77.9% |
| Elastic N.V. (ESTC) | -58.9% | -7.3% | +87.6% |
Elastic N.V.'s net margin went from -59% (2017) to -7% (2025).
Chart 4EPS Growth — 10 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Diginex Limited (DGNX) | -0.07 | -0.07 | +7.0% |
| Elastic N.V. (ESTC) | -0.84 | -1.04 | -23.8% |
Elastic N.V.'s EPS grew from $-0.84 (2017) to $-1.04 (2025).
Chart 5Free Cash Flow — 5 Years
Diginex Limited generated $-8M FCF in 2025 (-18% vs 2022). Elastic N.V. generated $262M FCF in 2025 (+1329% vs 2021).
DGNX vs ESTC: Frequently Asked Questions
6 questions · data-driven answers · updated daily
01Is DGNX or ESTC a better buy right now?
Analysts rate Elastic N.V. (ESTC) a "Buy" — based on 34 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is safer — DGNX or ESTC?
By beta (market sensitivity over 5 years), Diginex Limited (DGNX) is the lower-risk stock at 1.16β versus Elastic N.V.'s 1.39β — meaning ESTC is approximately 20% more volatile than DGNX relative to the S&P 500. On balance sheet safety, Diginex Limited (DGNX) carries a lower debt/equity ratio of 5% versus 64% for Elastic N.V. — giving it more financial flexibility in a downturn.
03Which has better profit margins — DGNX or ESTC?
Elastic N.V. (ESTC) is the more profitable company, earning -7.3% net margin versus -255.5% for Diginex Limited — meaning it keeps -7.3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ESTC leads at -3.7% versus -406.9% for DGNX. At the gross margin level — before operating expenses — DGNX leads at 100.0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
04Which pays a better dividend — DGNX or ESTC?
None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.
05Is DGNX or ESTC better for a retirement portfolio?
For long-horizon retirement investors, Diginex Limited (DGNX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.16)). Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
06What are the main differences between DGNX and ESTC?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that beat both.