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 ₹ 7,181 Cr.
- Current Price ₹ 870
- High / Low ₹ 921 / 415
- Stock P/E 95.3
- Book Value ₹ 79.2
- Dividend Yield 0.14 %
- ROCE 17.7 %
- ROE 14.4 %
- Face Value ₹ 5.00
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 11.1 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
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 | Mar 2024 | |
---|---|---|---|---|---|---|
102 | 116 | 132 | 183 | 249 | 373 | |
69 | 85 | 92 | 116 | 161 | 263 | |
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: | 81% |
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 |
29 | 42 | 52 | 67 | 25 | 8 | |
15 | 25 | 32 | 39 | 43 | 86 | |
Total Liabilities | 120 | 159 | 192 | 259 | 460 | 750 |
62 | 62 | 125 | 117 | 162 | 253 | |
CWIP | 22 | 40 | 4 | 43 | 47 | 51 |
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 | -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% |
Documents
Announcements
- Board Meeting Intimation for To Consider And Approve The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30, 2024 11 Jul
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jul - Certificate under regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended June 30, 2024
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
8 Jul - Transcript of Investor Meet held on July 03, 2024
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
4 Jul - Audio recording of Earnings Call held on Wednesday, July 03, 2024
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
28 Jun - Conference Call on July 03, 2024
Annual reports
Concalls
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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
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]