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 ₹ 7,241 Cr.
- Current Price ₹ 874
- High / Low ₹ 993 / 415
- Stock P/E 344
- Book Value ₹ 63.5
- Dividend Yield 0.14 %
- ROCE 7.26 %
- ROE 4.92 %
- 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 13.8 times its book value
- Company has a low return on equity of 9.33% 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
Part of BSE SmallCap BSE Allcap BSE Information Technology Nifty Microcap 250 Nifty Total Market
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
35 | 43 | 67 | 73 | 90 | 103 | 109 | 153 | 164 | 183 | 199 | |
29 | 33 | 51 | 54 | 67 | 81 | 82 | 99 | 127 | 145 | 158 | |
Operating Profit | 6 | 10 | 16 | 20 | 23 | 22 | 28 | 54 | 37 | 39 | 41 |
OPM % | 18% | 23% | 24% | 27% | 26% | 22% | 25% | 35% | 23% | 21% | 21% |
-12 | 0 | 0 | -6 | -2 | 0 | 0 | 1 | 6 | 8 | 6 | |
Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 5 | 3 | 2 | 2 |
Depreciation | 3 | 3 | 4 | 4 | 7 | 7 | 7 | 11 | 12 | 15 | 16 |
Profit before tax | -8 | 7 | 12 | 9 | 14 | 15 | 21 | 39 | 27 | 29 | 29 |
Tax % | 10% | 22% | 29% | 15% | 28% | 26% | 27% | 23% | 26% | 28% | |
-9 | 6 | 9 | 8 | 10 | 11 | 15 | 30 | 20 | 21 | 21 | |
EPS in Rs | -3.04 | 0.92 | 1.32 | 1.15 | 1.47 | 1.62 | 2.16 | 4.28 | 2.56 | 2.49 | 2.54 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 29% | 49% | 50% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 19% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 11% |
TTM: | 28% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 92% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 11% |
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 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 30 | 31 | 35 | 35 | 35 | 35 | 35 | 35 | 39 | 41 | 41 |
Reserves | -4 | 1 | 10 | 26 | 36 | 47 | 61 | 92 | 281 | 488 | 484 |
27 | 25 | 26 | 17 | 34 | 40 | 47 | 58 | 10 | 0 | 0 | |
5 | 7 | 12 | 9 | 15 | 18 | 21 | 37 | 38 | 46 | 52 | |
Total Liabilities | 57 | 63 | 83 | 88 | 119 | 140 | 164 | 222 | 367 | 575 | 578 |
26 | 29 | 44 | 41 | 50 | 44 | 104 | 96 | 122 | 150 | 182 | |
CWIP | 4 | 1 | 1 | 6 | 21 | 39 | 4 | 31 | 47 | 28 | 0 |
Investments | 15 | 16 | 17 | 17 | 22 | 21 | 19 | 22 | 73 | 120 | 246 |
13 | 18 | 21 | 23 | 26 | 36 | 37 | 73 | 125 | 276 | 149 | |
Total Assets | 57 | 63 | 83 | 88 | 119 | 140 | 164 | 222 | 367 | 575 | 578 |
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 | 121 |
ROCE % | 13% | 20% | 21% | 18% | 14% | 16% | 27% | 12% | 7% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Schedule of Analyst/Institutional Investor Meeting on Nov 26, 2024.
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Statement On Deviation Or Variation Of Funds For The Quarter Ended September 30, 2024
11 Nov - No deviation in fund utilization for QIP.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
11 Nov - Monitoring Agency Report for QIP proceeds utilization.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
11 Nov - Schedule of Analyst/Institutional Investor Meeting on Nov 18.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 Nov - Schedule of Analyst/ Institutional Investor Meeting on November 28, 2024
Annual reports
Concalls
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Jul 2024TranscriptPPT
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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
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]