Info Edge (India) Ltd

Info Edge (India) Ltd

₹ 7,515 -1.44%
21 Nov - close price
About

Info Edge is India’s premier online classified company with a portfolio of brands. It owns various brands in different fields like naukri.com (online recruitment), 99acres.com (online real estate), jeevansathi.com (online matrimonial) as well as shiksha.com (online education information services). It also acts as an investor and has invested in many start-ups in the online space and is actively growing its investment portfolio. [1]

Key Points

Recruitment: Naukri.com (74%)
The company's largest business is online recruitment run under naukri.com accounts for ~80% of traffic share. With 82 Mn resumes and 70 k Job Seekers availed premium services with 72100 unique clients Based on IND-AS revenue with a continued focus on new product launches (like Talent Pulse, Enterprise Resdex, etc.) [1] [2] [3]

  • Market Cap 97,387 Cr.
  • Current Price 7,515
  • High / Low 8,472 / 4,520
  • Stock P/E 133
  • Book Value 2,675
  • Dividend Yield 0.29 %
  • ROCE 6.31 %
  • ROE 4.65 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 22.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 31.9%
  • Company's working capital requirements have reduced from 204 days to 118 days

Cons

  • Stock is trading at 2.81 times its book value
  • Company has a low return on equity of 4.94% over last 3 years.
  • Earnings include an other income of Rs.391 Cr.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
352 416 456 508 532 555 564 584 593 595 608 639 656
245 295 328 345 348 338 344 358 352 355 361 389 382
Operating Profit 106 121 128 163 184 217 220 227 241 241 247 249 274
OPM % 30% 29% 28% 32% 35% 39% 39% 39% 41% 40% 41% 39% 42%
9,338 261 42 42 50 -236 25 58 59 65 61 77 188
Interest 1 1 1 1 1 1 1 2 5 5 5 5 5
Depreciation 10 10 10 10 10 11 13 15 18 17 17 18 19
Profit before tax 9,433 371 159 194 222 -32 231 267 277 284 285 304 440
Tax % 11% 9% 24% 24% 24% 163% 23% 25% 25% 25% 26% 24% 80%
8,356 336 121 148 168 -84 179 200 209 214 211 232 86
EPS in Rs 648.82 26.12 9.37 11.51 13.03 -6.52 13.85 15.47 16.16 16.50 16.30 17.95 6.63
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
437 506 611 718 802 915 1,098 1,273 1,128 1,562 2,159 2,381 2,499
287 339 429 579 571 614 752 864 835 1,092 1,366 1,413 1,487
Operating Profit 150 167 182 139 231 302 346 408 293 470 792 968 1,011
OPM % 34% 33% 30% 19% 29% 33% 32% 32% 26% 30% 37% 41% 40%
17 41 106 67 59 6 78 -36 116 9,682 -120 242 391
Interest 2 2 3 3 4 4 5 12 11 11 12 29 19
Depreciation 9 17 17 21 24 22 20 41 44 40 45 68 71
Profit before tax 155 188 267 182 262 281 399 319 354 10,101 616 1,113 1,313
Tax % 34% 32% 28% 31% 22% 35% 29% 36% 21% 12% 33% 25%
102 128 194 125 204 182 282 206 278 8,923 411 833 743
EPS in Rs 9.37 11.77 16.13 10.35 16.86 14.98 23.07 16.79 21.62 692.83 31.83 64.39 57.38
Dividend Payout % 11% 21% 19% 29% 27% 37% 26% 36% 37% 2% 60% 34%
Compounded Sales Growth
10 Years: 17%
5 Years: 17%
3 Years: 28%
TTM: 9%
Compounded Profit Growth
10 Years: 21%
5 Years: 23%
3 Years: 44%
TTM: -2%
Stock Price CAGR
10 Years: 23%
5 Years: 24%
3 Years: 8%
1 Year: 63%
Return on Equity
10 Years: 7%
5 Years: 6%
3 Years: 5%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 109 109 120 121 121 122 122 122 129 129 129 129 129
Reserves 556 653 1,542 1,674 1,862 1,986 2,202 2,309 4,364 13,843 10,797 25,347 34,530
1 1 1 1 1 1 1 76 65 48 88 223 226
184 218 279 365 432 520 616 604 677 2,149 1,900 3,835 5,957
Total Liabilities 851 982 1,942 2,160 2,416 2,628 2,941 3,111 5,235 16,169 12,914 29,535 40,842
91 85 84 75 60 53 55 132 108 91 171 300 307
CWIP 10 10 9 0 0 0 2 0 0 0 0 0 0
Investments 425 615 1,438 682 957 1,972 1,373 1,723 1,419 12,629 9,881 25,618 36,754
325 271 410 1,404 1,399 603 1,511 1,256 3,707 3,450 2,862 3,616 3,781
Total Assets 851 982 1,942 2,160 2,416 2,628 2,941 3,111 5,235 16,169 12,914 29,535 40,842

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
100 136 139 110 228 307 296 302 288 725 787 832
-102 -100 -843 -35 -184 -204 -223 197 -1,883 -1,054 -547 -515
-12 -25 716 -66 -42 -76 -78 -142 1,805 -224 -214 -285
Net Cash Flow -15 10 12 9 3 27 -6 357 210 -553 27 32

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 4 4 6 6 3 2 2 2 2 2 2 1
Inventory Days
Days Payable
Cash Conversion Cycle 4 4 6 6 3 2 2 2 2 2 2 1
Working Capital Days -136 -141 -111 337 252 -136 166 5 544 342 151 118
ROCE % 28% 26% 17% 12% 16% 18% 20% 19% 10% 6% 7% 6%

Shareholding Pattern

Numbers in percentages

68 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
38.40% 38.17% 38.11% 38.11% 38.05% 38.05% 38.05% 37.97% 37.90% 37.88% 37.88% 37.68%
36.37% 33.99% 32.72% 31.81% 31.88% 31.41% 31.54% 31.21% 30.47% 30.91% 32.14% 32.28%
14.36% 15.66% 16.37% 16.50% 16.81% 17.36% 17.82% 18.24% 19.46% 19.40% 18.68% 18.90%
0.00% 0.00% 0.00% 0.37% 0.37% 0.37% 0.37% 0.51% 0.58% 0.66% 0.68% 0.66%
10.78% 12.12% 12.59% 13.03% 12.69% 12.66% 12.09% 11.98% 11.38% 10.95% 10.46% 10.26%
0.08% 0.06% 0.20% 0.17% 0.20% 0.13% 0.13% 0.08% 0.21% 0.20% 0.16% 0.22%
No. of Shareholders 2,41,6903,35,3573,60,2473,57,8813,35,1143,29,9922,95,1592,66,6402,38,1492,09,4511,86,7201,86,599

* 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.

Click on the line-items to see the names of individual entities.

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