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 ₹ 5,906 Cr.
- Current Price ₹ 713
- High / Low ₹ 870 / 260
- Stock P/E 84.7
- Book Value ₹ 53.6
- Dividend Yield 0.18 %
- ROCE 24.0 %
- ROE 22.4 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- Stock is trading at 13.3 times its book value
- Promoter holding has decreased over last quarter: -3.30%
- Debtor days have increased from 76.1 to 98.6 days.
- Working capital days have increased from 88.2 days to 135 days
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|
102 | 116 | 132 | 183 | 249 | 350 | |
69 | 85 | 92 | 116 | 161 | 250 | |
Operating Profit | 32 | 32 | 40 | 67 | 87 | 100 |
OPM % | 32% | 27% | 30% | 37% | 35% | 29% |
-2 | 0 | 1 | 1 | 5 | 6 | |
Interest | 0 | 1 | 1 | 5 | 3 | 3 |
Depreciation | 8 | 9 | 9 | 13 | 16 | 19 |
Profit before tax | 22 | 23 | 31 | 50 | 73 | 84 |
Tax % | 19% | 20% | 19% | 18% | 17% | |
17 | 18 | 25 | 41 | 61 | 71 | |
EPS in Rs | 2.49 | 2.37 | 2.49 | 5.90 | 7.90 | 8.96 |
Dividend Payout % | 0% | 0% | 0% | 21% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 29% |
TTM: | 61% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 54% |
TTM: | 24% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 161% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 24% |
Last Year: | 22% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|
Equity Capital | 35 | 35 | 35 | 35 | 37 | 38 |
Reserves | 41 | 57 | 72 | 118 | 354 | 380 |
Preference Capital | 8 | 8 | 0 | 0 | 0 | |
21 | 34 | 51 | 67 | 25 | 26 | |
23 | 32 | 33 | 39 | 43 | 67 | |
Total Liabilities | 120 | 159 | 192 | 259 | 460 | 511 |
62 | 62 | 125 | 117 | 162 | 256 | |
CWIP | 22 | 40 | 4 | 43 | 47 | 16 |
Investments | 0 | 0 | 14 | 0 | 21 | 16 |
36 | 56 | 49 | 99 | 230 | 224 | |
Total Assets | 120 | 159 | 192 | 259 | 460 | 511 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
17 | 23 | 41 | 22 | 34 | |
-32 | -29 | -47 | -37 | -102 | |
10 | 12 | 5 | 16 | 127 | |
Net Cash Flow | -5 | 7 | -1 | 1 | 59 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
Debtor Days | 77 | 73 | 41 | 88 | 99 |
Inventory Days | 5 | 22 | 14 | 26 | 13 |
Days Payable | 83 | 115 | 68 | 177 | 223 |
Cash Conversion Cycle | -1 | -20 | -13 | -62 | -111 |
Working Capital Days | 70 | 68 | 40 | 89 | 135 |
ROCE % | 20% | 21% | 28% | 24% |
Documents
Announcements
- Board Meeting Intimation for To Consider And Approve The Financial Results For The Period Ended March 31, 2024 And Recommendation Of Final Dividend. 1d
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 12 Apr
- Certificate Under Regulation 40 (9) Of The SEBI (LODR) Regulations, 2015 For The Financial Year Ended March 31, 2024 8 Apr
- Compliance Certificate Under Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 For The Year Ended March 31, 2024. 8 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 5 Apr
Concalls
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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]