eMudhra Ltd

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

eMudhra Ltd

₹ 921 0.27%
26 Dec 3:40 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 ₹ 7,627 Cr.
  • Current Price ₹ 921
  • High / Low ₹ 1,024 / 415
  • Stock P/E 94.4
  • Book Value ₹ 83.3
  • Dividend Yield 0.14 %
  • ROCE 17.7 %
  • ROE 14.4 %
  • 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 31.8% CAGR over last 5 years

Cons

  • Stock is trading at 10.9 times its book value

* 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 Allcap Nifty Total Market BSE SmallCap Nifty Microcap 250 BSE Information Technology

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
49 45 45 52 58 61 77 80 96 97 100 92 141
32 27 27 32 37 40 53 56 68 73 67 66 109
Operating Profit 17 18 18 21 22 21 24 24 28 25 33 27 32
OPM % 34% 40% 41% 39% 37% 35% 31% 30% 29% 25% 33% 29% 23%
0 -0 0 1 1 1 2 1 0 2 3 3 1
Interest 1 1 2 1 0 0 2 0 0 1 1 0 1
Depreciation 3 4 3 4 4 4 4 5 5 5 6 6 6
Profit before tax 12 13 14 16 19 18 20 20 23 20 29 24 27
Tax % 16% 19% 21% 16% 12% 16% 22% 17% 19% 2% 28% 23% 18%
10 10 11 14 16 15 16 16 19 20 21 18 22
EPS in Rs 1.52 1.48 1.54 1.78 2.13 1.96 2.03 2.00 2.35 2.58 2.54 2.16 2.65
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
102 116 132 183 249 373 431
69 85 92 116 161 263 314
Operating Profit 32 32 40 67 87 110 117
OPM % 32% 27% 30% 37% 35% 29% 27%
-2 0 1 1 5 7 10
Interest 0 1 1 5 3 3 3
Depreciation 8 9 9 13 16 21 22
Profit before tax 22 23 31 50 73 93 101
Tax % 19% 20% 19% 18% 17% 18%
17 18 25 41 61 76 82
EPS in Rs 2.49 2.37 2.49 5.90 7.90 9.06 9.93
Dividend Payout % 0% 0% 0% 21% 15% 13%
Compounded Sales Growth
10 Years: %
5 Years: 30%
3 Years: 42%
TTM: 37%
Compounded Profit Growth
10 Years: %
5 Years: 32%
3 Years: 63%
TTM: 24%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 113%
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 Sep 2024
Equity Capital 35 35 35 35 37 40 41
Reserves 41 57 72 118 354 616 649
29 42 52 67 25 8 0
15 25 32 39 43 86 112
Total Liabilities 120 159 192 259 460 750 802
62 62 125 117 162 253 395
CWIP 22 40 4 43 47 51 17
Investments 0 0 14 0 21 4 47
36 56 49 99 230 443 343
Total Assets 120 159 192 259 460 750 802

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 -90
10 12 5 16 127 176
Net Cash Flow -5 7 -1 1 59 158

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 89 135 119
ROCE % 20% 21% 28% 24% 18%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
61.03% 61.03% 61.03% 57.70% 57.70% 57.70% 57.70% 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%
10.68% 10.53% 10.87% 10.65% 9.87% 8.47% 9.12% 14.45% 14.36% 15.03%
23.98% 24.22% 24.02% 27.50% 28.15% 29.55% 29.35% 26.94% 27.08% 26.17%
No. of Shareholders 75,70569,29665,97466,97862,85166,03070,56173,65078,82480,884

* 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