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eMudhra Ltd share Price Today

Company details

855.40
883.30
396.25
898.00
6M Return 98.99%
1Y Return 112.12%
Mkt Cap.(Cr) 7,174.83
Volume 160,535
Div Yield 0.14%
OI
-
OI Chg %
-
Volume 160,535

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Commercial Services company eMudhra announced FY24 results:

Financial Highlights:

  • Revenue for the year was Rs 3,800.4 million, an increase of 49.6% from the previous year
  • Gross profit for the year was Rs 2,576.4 million, representing a gross margin of 67.8%
  • Operating expense for the year was Rs 1,224.0 million
  • EBITDA for the year was Rs 1,164.8 million, with an EBITDA margin of 30.6%
  • EBIT for the year was Rs 956.7 million, with an EBIT margin of 25.2%
  • Net income for the year was Rs 763.5 million, with a net margin of 20.1%
  • Earnings per share for the year was 9.7, an increase of 16.6% from the previous year
  • The company had cash and cash equivalents of Rs 2,494.6 million at the end of the year and is debt free
  • Dividend of 25% of face value has been declared

Commenting on the full year results, V. Srinivasan, Executive Chairman, eMudhra Limited said, “We are pleased to report another quarter of consistent performance and a strong full year result with revenue growth of 49.6% YoY, EBITDA growth of 25.8% YoY and PAT growth of 24.8% YoY.

Over the last year, we have made significant strides in penetrating our solutions into various international markets aiding businesses in their transition towards zero trust. Traceability, verifiability and security are becoming central themes as businesses continue to adopt digital technologies as a way of doing business. In this context, public key infrastructure and digital signature certificates embed “Identity” and “Security” allowing a far more robust security architecture as part of any digital data or document exchange.

We continue to address mission critical use cases as part of our Enterprise Solutions business consisting of our “Paperless Office” and “Cyber Security” suite of offerings. As we continue to address use cases across sectors and industries, we have been able to “Land” and “Expand” into existing/new customers as they mature through their journey of digital adoption and enhancing cyber security posture.

Our paperless office product emSigner continues to see strong demand from several large customers globally as it is seen as a platform of choice for solving complex document signing workflows in industries such as BFSI, Pharma etc. Similarly, as customers try to move away from passwords to more secure forms of authentication, they adopt emAS for multi-factor authentication. Incremental sales come from upselling emCA and emDiscovery where they adopt PKI and Digital Signature Certificate based authentication/authorization for ensuring stronger access control.

We have been able to significantly grow our international business owing to strong focus on sales and marketing. Broadly these efforts have been focussed on establishing a strong direct market presence in regions such as North America which are either mature in their adoption of digital technologies or countries in Middle East and Africa where there is a strong eGovernance agenda focussed on digital transformation and cyber security based on principles of zero trust. Our acquisition of Ikon has also worked well as the teams continue to win and work on cross-selling and up-selling opportunities for both Ikon’s and eMudhra’s set of offerings across the client base. For the India market, while we continue to see robust demand, we shifted our strategy to unbundle hardware as part of our contracts to reduce 3rd party dependency and mitigate delays in project delivery and receivables.

On trust services, we continue to enjoy a strong brand in India resulting in healthy growth and stickiness for our retail and direct to consumer sale of digital signature certificates. This resulted in strong growth for trust services as partners and customers want to work with a reliable digital signature provider who can provide quick identity vetting and strong support particularly during peak issuance periods. eSign continues to see traction along with other offerings such as eStamping as BFSI, Capital Markets embark on paperless transformation. We continue to place focus on SSL/TLS certificates as part of our Certificate Lifecycle Management product emDiscovery helping us differentiate from pure play SSL/TLS players.

Our R&D efforts are focussed on reimagining security in the context of Quantum computers, Edge computing and Data privacy. In line with this, we have already embarked on R&D in Post Quantum Cryptography, Fully Homomorphic Encryption and Mobile PKI.

To summarize, we see continued opportunity in our space as digital transformation and movement to zero trust as a result of cyber threats continue to be top of the mind agenda for many large organizations. At eMudhra, we will continue to invest in building product depth, service capabilities and market reach to effectively address these opportunities”.

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eMudhra Ltd shares SWOT Analysis

Strengths (15)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth

Weakness (4)

  • Promoter holding decreased by more than -2% QoQ
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 881.3
R2 896.3
R3 909.2
Pivot

868.37

S1 853.4
S2 840.5
S3 825.5
EMA SMA
801.8
754.6
684.9
595.3
795.1
762.8
661.8
562.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-03-22 749.2 424853 NSE
QE SECURITIES LLP Bulk Purchase 2024-03-22 757.84 420012 NSE
QE SECURITIES LLP Bulk Sell 2024-03-22 766.02 432670 NSE
Name Category Shares
Venkatraman Srinivasan PROMOTER 32.75%
Taarav Pte Ltd PROMOTER 16.72%
Arvind Srinivasan PROMOTER 3.81%
Kaushik Srinivasan PROMOTER 1.12%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
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eMudhra Ltd Stocks COMPARISON

Financials( in Cr) eMudhra Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 866.40 3,832.05 1,488.90 1,431.05 477.50
% Change 1.01 -1.19 -0.34 -0.91 -1.06
Mcap Cr 7,174.83 1,386,469.41 618,022.59 388,339.03 249,500.34
Revenue TTM Cr 373.12 240,893.00 153,670.00 101,456.00 90,487.60
Net Profit TTM Cr 76.35 46,099.00 26,248.00 14,845.00 11,366.50
PE TTM 95.16 29.75 23.75 24.73 22.60
1 Year Return 112.12 18.14 14.11 26.50 20.72
ROCE 17.57 62.85 44.74 27.62 17.11
ROE 14.57 51.04 37.12 23.32 15.89
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 656.29 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,317.57 -2,589.17
LAST 3M 111,725.82 -36,230.77
LAST 6M 182,653.52 -16,910.03
LAST 12M 290,144.87 98,834.05
Emudhra Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 13, 2024 l NSE Announcement

Emudhra Limited - Change in Management

Jun 11, 2024 l NSE Announcement

Date Action Type Ratio
Jun 20, 2024 Dividend 25
Jun 22, 2023 Dividend 25
Jul 28, 2022 Dividend 25

eMudhra Ltd Information

Stock PE (TTM)
95.16
Promoter Holding
54.4%
Book Value
79.3703
ROCE
17.57%
ROE
14.57%
Description
  • eMudhra Ltd. is a licensed certifying authority issuing digital signature certificates. It operates under the guidelines set by the Information Technology Act to offer tax filing services, digital certificate authentication systems, and trusted time-stamping services apart from digital signing solutions. It was founded in 2008, with its headquarters in Bangalore, Karnataka. In June 2022, eMudhra Ltd. reported standalone quarterly net sales of Rs HYPERLINK "https://www.moneycontrol.com/news/business/earnings/emudhra-standalone-june-2022-net-sales-at-rs-34-55-crore-up-0-57-y-o-y-8880601.html" 34.55 crore, up 0.57% from Rs 34.35 crore quarterly net sales in June 2021. On 8 August 2022, the company’s market capitalisation stood at Rs HYPERLINK "https://www.moneycontrol.com/india/stockpricequote/miscellaneous/emudhra/e13" 2,759 crore.  

    eMudhra Ltd. is listed on the Bombay Stock Exchange with the code 543533, and on the National Stock Exchange with the code EMUDHRA.  

    The company has a large user base among individuals, banks, corporates, government organisations, and many small and medium business enterprises. eMudhra Ltd. caters to all kinds of subscribers who use digital certificates for income tax, banking, foreign trade, MCA (ROC), tenders, railways, etc. During FY 2021-2022, the company’s profit after tax was Rs 41.41 crore, up 137.14% from the previous financial year.  

    As of 30 June 2022, the company’s shareholding pattern represented a 61.03% promoter stake, 4.31% foreign institutional investor stake, 10.67% domestic institutional investor stake, and 23.98% public stake. During the quarter, foreign institutional investors increased holdings from 2.55% to 4.31%, while mutual funds increased holdings from 6.02% to 7.02%.  

    Mr Venkatraman Srinivasan is the company’s executive chairman. The other members of the top management include Mr Arvind Srinivasan, Mr Biju Varghese, Mr Ashwin Jansale, Mr A M Kiran, Mr Kaushik Srinivasan, Mr Johnson Xavier, Mr Vijay Kumar, Mr Venu Madhava, Mr Saji K Louiz, and Mr Janarthanan S. The auditors are Manohar Chowdhry & Associates.  

    On 8 August 2022, the share price of eMudhra Ltd. was trending at Rs 351.80 on BSE. On NSE, it was trending at Rs 349. The company’s 52-week low share price was Rs 236.30, and the 52-week high share price was Rs 374.70.  

    The company’s mutual fund holdings as of June 2022 include Motilal Oswal Dynamic Fund, SBI Technology Opportunities Fund, and Aditya Birla SL Small Cap Fund with a 2.18% stake, 1.06% stake, and 0.62% stake, respectively. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

No Data Found

AGM Date (Month) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 543533
NSE Code : EMUDHRA
Book Closure Date (Month) : Jun
BSE Group : B
ISIN : INE01QM01018

FAQ’s on eMudhra Ltd Shares

You can buy eMudhra Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy eMudhra Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:58 PM the closing price of eMudhra Ltd was Rs.866.40.

The latest PE ratio of eMudhra Ltd as of Jun 14, 2024 03:58 PM is 95.16

The latest PB ratio of eMudhra Ltd as of Jun 14, 2024 03:58 PM is 0.09

The 52-week high of eMudhra Ltd share price is Rs. 898.00 while the 52-week low is Rs. 396.25

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:58 PM, the market cap of eMudhra Ltd stood at Rs. 7,174.83.

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