eMudhra Ltd
Emudhra is a licensed certifying authority involved in issuing digital signature certificates in India under its eMudhra brand. The company is licensed by the Controller of Certifying Authorities (CCA), Ministry of Information Technology, and operates under the guidelines set by the Information technology Act.[1]
- Market Cap ₹ 6,106 Cr.
- Current Price ₹ 737
- High / Low ₹ 870 / 331
- Stock P/E 296
- Book Value ₹ 63.9
- Dividend Yield 0.17 %
- ROCE 7.18 %
- ROE 4.86 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 42.8%
Cons
- Stock is trading at 11.5 times its book value
- Promoter holding has decreased over last quarter: -3.30%
- Company has a low return on equity of 9.28% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
35 | 43 | 67 | 73 | 90 | 103 | 109 | 153 | 164 | 183 | |
29 | 33 | 51 | 54 | 67 | 81 | 82 | 99 | 127 | 145 | |
Operating Profit | 6 | 10 | 16 | 20 | 23 | 22 | 28 | 54 | 37 | 38 |
OPM % | 18% | 23% | 24% | 27% | 26% | 22% | 25% | 35% | 23% | 21% |
-12 | 0 | 0 | -6 | -2 | 0 | 0 | 1 | 6 | 8 | |
Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 5 | 3 | 2 |
Depreciation | 3 | 3 | 4 | 4 | 7 | 7 | 7 | 11 | 12 | 15 |
Profit before tax | -8 | 7 | 12 | 9 | 14 | 15 | 21 | 39 | 27 | 29 |
Tax % | -10% | 22% | 29% | 15% | 28% | 26% | 27% | 23% | 26% | 28% |
-9 | 6 | 9 | 8 | 10 | 11 | 15 | 30 | 20 | 21 | |
EPS in Rs | -3.04 | 0.92 | 1.32 | 1.15 | 1.47 | 1.62 | 2.16 | 4.28 | 2.56 | 2.49 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 29% | 49% | 50% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 19% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 11% |
TTM: | 4% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 117% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 9% |
Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 30 | 31 | 35 | 35 | 35 | 35 | 35 | 35 | 39 | 41 |
Reserves | -4 | 1 | 10 | 26 | 36 | 47 | 61 | 92 | 281 | 488 |
Preference Capital | 25 | 25 | 20 | 8 | 8 | 8 | 0 | 0 | 0 | |
2 | 0 | 6 | 10 | 26 | 33 | 47 | 58 | 10 | 0 | |
30 | 32 | 32 | 17 | 22 | 25 | 21 | 37 | 38 | 46 | |
Total Liabilities | 57 | 63 | 83 | 88 | 119 | 140 | 164 | 222 | 367 | 575 |
26 | 29 | 44 | 41 | 50 | 44 | 104 | 96 | 122 | 164 | |
CWIP | 4 | 1 | 1 | 6 | 21 | 39 | 4 | 31 | 47 | 15 |
Investments | 15 | 16 | 17 | 17 | 22 | 21 | 19 | 22 | 73 | 120 |
13 | 18 | 21 | 23 | 26 | 36 | 37 | 73 | 125 | 276 | |
Total Assets | 57 | 63 | 83 | 88 | 119 | 140 | 164 | 222 | 367 | 575 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
22 | 5 | 15 | 11 | 29 | 36 | 17 | 25 | |||
-20 | -7 | -35 | -17 | -30 | -38 | -127 | -62 | |||
5 | -2 | 14 | 6 | 4 | 0 | 120 | 180 | |||
Net Cash Flow | 7 | -4 | -5 | -1 | 3 | -1 | 10 | 142 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 29 | 26 | 14 | 27 | 51 | 63 | 46 | 73 | 77 | 93 |
Inventory Days | 21 | 22 | 7 | 9 | 5 | 10 | 6 | 22 | 13 | 32 |
Days Payable | 40 | 42 | 5 | 51 | 76 | 55 | 58 | 213 | 256 | 204 |
Cash Conversion Cycle | 11 | 6 | 16 | -15 | -21 | 18 | -6 | -118 | -166 | -79 |
Working Capital Days | 38 | 59 | -18 | 37 | 41 | 57 | 27 | 57 | 98 | 129 |
ROCE % | 13% | 20% | 21% | 18% | 14% | 16% | 27% | 12% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1d
- Statement On Deviation Or Variation Of Funds Under Regulation 32 Of SEBI (LODR) Regulations, 2015 2d
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
2d - Monitoring Agency Report for the quarter ended March 31, 2024
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Compliances-Reg.24(A)-Annual Secretarial Compliance
8 May - Secretarial Compliance Report for the Financial year ended March 31, 2024
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Compliances-Reg.24(A)-Annual Secretarial Compliance
8 May - Secretarial Compliance Report for FY ended March 31, 2024
Concalls
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Sep 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Jan 2023Transcript PPT
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Oct 2022Transcript PPT
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Jul 2022Transcript PPT
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Jun 2022Transcript PPT
Largest Certifying Authority of India The Company is among the top brands in India for issuing DSC. eMudhra also holds various PKI Authentication security solutions such as emAS, emSIGNER, emDISCOVERY and emCA . eMudhra caters to subscribers who use Digital Certificates for Income Tax, MCA (ROC), Tenders, Foreign Trade, Banking, Railways, and many other needs. The company deals in B2B and B2C both.[1] Its current market share in DSC is ~35% and only CA to have strong retail footprint and to provide all types of eSign with eStamping capability.[2]