eMudhra Ltd

eMudhra Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

eMudhra Ltd

₹ 752 0.23%
23 May 3:00 p.m.
emudhra.com BSE: 543533 NSE: EMUDHRA
About

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]

Key Points

Business Verticals
1) Enterprise Solutions (77% in H1 FY25 vs 54% in FY22): [1] [2] The segment is divided into:
a) Cyber Security (79%): [3] The company offers solutions like CertiNext for discovering certificates across IT infrastructure, renewal, and automatic provisioning, emCA solution to enterprises and others for setting up a certifying authority to issue digital signature certificates and SecurePass for authentication, identity and access management. [4] [5]

Website BSE NSE
  • Market Cap ₹ 6,230 Cr.
  • Current Price ₹ 752
  • High / Low ₹ 1,024 / 652
  • Stock P/E 73.6
  • Book Value ₹ 90.0
  • Dividend Yield 0.17 %
  • ROCE 15.3 %
  • ROE 12.1 %
  • Face Value ₹ 5.00
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 38.4% CAGR over last 5 years

Cons

  • Stock is trading at 8.32 times its book value
  • Promoter holding has decreased over last 3 years: -26.6%

* 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

Part of BSE Information Technology BSE SmallCap BSE Allcap Nifty Microcap 250 Nifty Total Market

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
45 52 58 61 77 80 96 97 100 92 141 139 147
27 32 37 40 53 56 68 73 67 66 109 109 112
Operating Profit 18 21 22 21 24 24 28 25 33 27 32 30 35
OPM % 41% 39% 37% 35% 31% 30% 29% 25% 33% 29% 23% 22% 24%
0 1 1 1 2 1 0 2 3 3 1 2 2
Interest 2 1 0 0 2 0 0 1 1 0 1 0 -0
Depreciation 3 4 4 4 4 5 5 5 6 6 6 6 6
Profit before tax 14 16 19 18 20 20 23 20 29 24 27 25 31
Tax % 21% 16% 12% 16% 22% 17% 19% 2% 28% 23% 18% 12% 22%
11 14 16 15 16 16 19 20 21 18 22 22 24
EPS in Rs 1.54 1.78 2.13 1.96 2.03 2.00 2.35 2.58 2.54 2.16 2.65 2.53 2.88
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
102 116 132 183 249 373 519
69 85 92 116 161 263 395
Operating Profit 32 32 40 67 87 110 124
OPM % 32% 27% 30% 37% 35% 29% 24%
-2 0 1 1 5 7 8
Interest 0 1 1 5 3 3 1
Depreciation 8 9 9 13 16 21 24
Profit before tax 22 23 31 50 73 93 107
Tax % 19% 20% 19% 18% 17% 18% 19%
17 18 25 41 61 76 87
EPS in Rs 2.49 2.37 2.49 5.90 7.90 9.06 10.22
Dividend Payout % 0% 0% 0% 21% 15% 13% 12%
Compounded Sales Growth
10 Years: %
5 Years: 35%
3 Years: 42%
TTM: 39%
Compounded Profit Growth
10 Years: %
5 Years: 38%
3 Years: 27%
TTM: 12%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -7%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 15%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 35 35 35 35 37 40 41
Reserves 41 57 72 118 354 616 705
29 42 52 67 25 8 0
15 25 32 39 43 86 123
Total Liabilities 120 159 192 259 460 750 868
62 62 125 117 162 253 419
CWIP 22 40 4 43 47 51 17
Investments 0 0 14 0 21 4 81
36 56 49 99 230 443 351
Total Assets 120 159 192 259 460 750 868

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
17 23 41 22 34 73 102
-32 -29 -47 -37 -102 -90 -211
10 12 5 16 127 176 -21
Net Cash Flow -5 7 -1 1 59 158 -131

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 77 73 41 88 99 101 102
Inventory Days 5 22 14 26 13 32 16
Days Payable 83 115 68 177 223 261 358
Cash Conversion Cycle -1 -20 -13 -62 -111 -128 -240
Working Capital Days 70 68 40 89 135 119 156
ROCE % 20% 21% 28% 24% 18% 15%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
61.03% 61.03% 61.03% 57.70% 57.70% 57.70% 57.70% 54.40% 54.40% 54.40% 54.40% 54.40%
4.31% 4.24% 4.09% 4.16% 4.28% 4.30% 3.85% 4.20% 4.17% 4.40% 5.04% 4.23%
10.68% 10.53% 10.87% 10.65% 9.87% 8.47% 9.12% 14.45% 14.36% 15.03% 14.85% 15.98%
23.98% 24.22% 24.02% 27.50% 28.15% 29.55% 29.35% 26.94% 27.08% 26.17% 25.72% 23.60%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.80%
No. of Shareholders 75,70569,29665,97466,97862,85166,03070,56173,65078,82480,88482,17580,017

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls