eMudhra Ltd

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

eMudhra Ltd

₹ 822 3.73%
18 May - close price
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

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]

Website BSE NSE
  • Market Cap ₹ 6,810 Cr.
  • Current Price ₹ 822
  • High / Low ₹ 870 / 361
  • Stock P/E 90.7
  • Book Value ₹ 79.2
  • Dividend Yield 0.15 %
  • ROCE 17.6 %
  • ROE 14.3 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 31.7% CAGR over last 5 years

Cons

  • Stock is trading at 10.4 times its book value
  • Promoter holding has decreased over last quarter: -3.30%

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
39 43 49 45 45 52 58 61 77 80 96 97 100
27 28 32 27 27 32 37 40 53 56 68 73 67
Operating Profit 12 14 17 18 18 21 22 21 24 24 28 25 33
OPM % 32% 34% 34% 40% 41% 39% 37% 35% 31% 30% 29% 25% 33%
-1 1 0 -0 0 1 1 1 2 1 0 2 3
Interest 0 1 1 1 2 1 0 0 2 0 0 1 1
Depreciation 2 3 3 4 3 4 4 4 4 5 5 5 6
Profit before tax 9 12 12 13 14 16 19 18 20 20 23 20 29
Tax % 17% 17% 16% 19% 21% 16% 12% 16% 22% 17% 19% 2% 28%
7 9 10 10 11 14 16 15 16 16 19 20 21
EPS in Rs 1.06 1.36 1.52 1.48 1.54 1.78 2.13 1.96 2.03 2.00 2.35 2.58 2.54
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
102 116 132 183 249 373
69 85 92 116 161 264
Operating Profit 32 32 40 67 87 110
OPM % 32% 27% 30% 37% 35% 29%
-2 0 1 1 5 7
Interest 0 1 1 5 3 3
Depreciation 8 9 9 13 16 21
Profit before tax 22 23 31 50 73 93
Tax % 19% 20% 19% 18% 17% 18%
17 18 25 41 61 76
EPS in Rs 2.49 2.37 2.49 5.90 7.90 9.06
Dividend Payout % 0% 0% 0% 21% 15% 13%
Compounded Sales Growth
10 Years: %
5 Years: 30%
3 Years: 42%
TTM: 50%
Compounded Profit Growth
10 Years: %
5 Years: 32%
3 Years: 63%
TTM: 23%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 105%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 19%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 35 35 35 35 37 40
Reserves 41 57 72 118 354 616
Preference Capital 8 8 0 0 0
21 34 51 67 25 8
23 32 33 39 43 86
Total Liabilities 120 159 192 259 460 750
62 62 125 117 162 273
CWIP 22 40 4 43 47 30
Investments 0 0 14 0 21 4
36 56 49 99 230 443
Total Assets 120 159 192 259 460 750

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
17 23 41 22 34 73
-32 -29 -47 -37 -102 -89
10 12 5 16 127 176
Net Cash Flow -5 7 -1 1 59 159

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 77 73 41 88 99 101
Inventory Days 5 22 14 26 13 32
Days Payable 83 115 68 177 223 261
Cash Conversion Cycle -1 -20 -13 -62 -111 -128
Working Capital Days 70 68 40 89 135 123
ROCE % 20% 21% 28% 24%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.03% 61.03% 61.03% 57.70% 57.70% 57.70% 57.70% 54.40%
4.31% 4.24% 4.09% 4.16% 4.28% 4.30% 3.85% 4.20%
10.68% 10.53% 10.87% 10.65% 9.87% 8.47% 9.12% 14.45%
23.98% 24.22% 24.02% 27.50% 28.15% 29.55% 29.35% 26.94%
No. of Shareholders 75,70569,29665,97466,97862,85166,03070,56173,650

* 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.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls