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Info Edge (India) Ltd share Price Today

Company details

5,827.70
5,904.35
3,592.30
6,355.00
6M Return 44.77%
1Y Return 60.63%
Mkt Cap.(Cr) 76,286.10
Volume 45,961
Div Yield 0.33%
OI
-
OI Chg %
-
Volume 45,961

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About The Stock

    Info Edge provides internet based service delivery like recruitment services (Naukri), real estate (99 acres), Jeevansathi and Shiksha.

    • Quasi play on Indian start up like Zomato, PolicyBazaar, Shoekonect, Ustra, Gramophone and job market, matrimony services & real estate market
    • Prudent capital allocation with recruitment business EBITDA margin >50%
Q4FY23 Results:

    Info Edge reported steady margins in Q4FY23.

    • Revenue grew 1.6% QoQ, recruitment business grew 0.2% QoQ
    • EBITDA margin was flat sequentially at 39.1%
    • Recruitment billing grew 34.3% QoQ & 13.7% YoY

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Research view on more stocks

Internet Software & Services company Info Edge (India) announced Q3FY24 results:

  • In Q3FY24, Info Edge (India) recorded a 7.2% growth in Revenue from Operations on a standalone basis, reaching Rs 595.4 crore compared to Rs 555.2 crore in the same quarter of the previous fiscal year.
  • The non-recruitment business verticals, including 99acres.com (real estate), Jeevansathi.com (matrimony), and Shiksha.com (education), continued their growth trajectory, achieving strong performances with YoY revenue growth rates of 21.8%, 23.0%, and 23.3%, respectively.
  • Despite sluggishness in IT sector hiring, revenue from the recruitment business grew by 3.1% YoY.
  • Billing for the quarter on a standalone basis increased by 4.8% YoY, amounting to Rs 576.9 crore.
  • Info Edge maintained its operating profit margins at 36.7% of revenue and achieved a 7.0% growth in operating profit, which reached Rs 218.7 crore on a standalone basis for the quarter, compared to Rs 204.4 crore in Q3FY23.
  • The standalone business generated cash from operations (before tax) of Rs 272.5 crore for the quarter, reflecting a growth of 12.7% YoY.

During the results announcement, Hitesh Oberoi, Managing Director and Chief Executive Officer said, "The efficient execution in the 99acres and Jeevansathi businesses, which contributed to the top-line growth and helped reduce burn during the quarter. He also noted that while the non-IT hiring sector remained robust, the continued slowdown in IT hiring impacted Naukri's growth."

Chintan Thakkar, Director and Chief Financial Officer, expressed satisfaction with the strong cash generation during the quarter. He noted that the operating cash in Q3FY24 grew by 12.7% YoY, resulting in a quarter-end cash balance of Rs 3,724 crore. These results demonstrate the company's commitment to sound financial management and long-term value creation for stakeholders.

 

Result PDF

View Other Company Results

Info Edge (India) Ltd shares SWOT Analysis

Strengths (4)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with Low Debt
  • Company with Zero Promoter Pledge

Weakness (3)

  • MFs decreased their shareholding last quarter
  • Low Piotroski Score : Companies with weak financials
  • Major fall in TTM Net Profit

Opportunity (1)

  • RSI indicating price strength

Threats (3)

  • Promoter decreasing their shareholding
  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)

Resistance and support

R1 5,884.5
R2 5,941.9
R3 5,983.7
Pivot

5,842.78

S1 5,785.4
S2 5,743.6
S3 5,686.2
EMA SMA
5,703.5
5,478.2
5,234.1
4,912.1
5,712.8
5,426.9
5,227.7
4,817.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 5021.95 34388 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 5021.95 34388 BSE
SOCIETE GENERALE Block Purchase 2022-11-23 3853.45 45506 BSE
Name Category Shares
Sanjeev Bikhchandani PROMOTER 24.27%
Hitesh Oberoi PROMOTER 5.02%
Surabhi Motihar Bikhchandani PROMOTER 1.15%
Dayawanti Bikhchandani PROMOTER 1.13%
Sanjeev Bikhchandani & Hitesh Oberoi (Endeavour Holding Trust) PROMOTER 6.3%

OUR RESEARCH VIEW

Investment recommendation
Call Date
29 May 2023
Entry Price 4,198.00
Target Price 4,300.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Info Edge (India) Ltd Stocks COMPARISON

Financials( in Cr) Info Edge (India) Ltd Zomato Ltd FSN E-Commerce Ventures Ltd One 97 Communications Ltd Indiamart Intermesh Ltd
Price 5,896.10 185.30 175.55 380.95 2,655.00
% Change 1.18 -1.15 1.62 -0.46 0.73
Mcap Cr 76,286.10 163,430.60 50,136.83 24,206.10 15,924.42
Revenue TTM Cr 2,345.69 7,079.40 5,143.80 7,990.30 985.40
Net Profit TTM Cr -70.46 -971.00 24.82 -1,776.50 283.83
PE TTM 261.94 0.00 0.00 0.00 54.25
1 Year Return 60.63 230.89 47.40 -42.61 2.03
ROCE 2.92 0.00 5.09 0.00 15.60
ROE -1.64 0.00 1.76 0.00 14.43
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 13,398.02 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,463.02 -6,228.06
LAST 3M 77,954.71 28,409.22
LAST 6M 138,694.84 74,737.91
LAST 12M 215,251.82 194,497.84

Info Edge (India) Ltd Information

Stock PE (TTM)
261.94
Promoter Holding
37.88%
Book Value
1523.6446
ROCE
2.92%
ROE
-1.64%
Description
  • Info Edge (India) Ltd is in the E-commerce sector is having a Market Capitalization worth Rs. 70,600.68 crores. It was founded in the year 1995. It has reported consolidated sales of Rs. 296.53 crores in the year ended March’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 532777 and additionally listed on the National Stock Exchange (NSE) with the code NAUKRI.

    Info Edge (India) Ltd is an Indian internet company based in Noida, Uttar Pradesh. Info Edge (India) Ltd is a pure-play company, meaning it only focuses on one product. Info Edge (India) Ltd runs an online job portal named Naukri.com, a matrimonial website with the name of Jeevansathi.com, a real estate classifieds platform 99Acres.com, and an educational website Shiksha.com. Info Edge (India) Ltd also holds minority stakes in about 23 online companies, including two Unicorn companies Zomato (18.4% stake) and Policybazaar (15.1% stake). Info Edge (India) Ltd has also invested in several startups like NoPaperForms, Univariety, Gramophone, Printo, Medcords, Shopkirana, Adda, Shipsy, etc. The promoters of the company own 38.41% of the stake in the company, Foreign Institutional Investors (FII) own 37.74%, Domestic Institutional Investors (DII) own 13.27% stake in the company, and others (such as public & retail investors) hold the balance of 10.58%.

    In June 2021, quarterly net revenue was Rs. 319.72 crores, which has increased by approximately 14.13% % from Rs. 280.14 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 100.96 crores, which has improved by nearly 21.32% from a net profit of Rs. 83.22 crores in June 2020. In June 2021, the reported operating profit was at Rs. 292.48 crores, which is also increased by 14.90% as compared to an operating profit of Rs. 254.56 crores for the quarter ending in June 2020. From Rs. 6.81 in June 2020, the EPS of Info Edge (India) Ltd has improved marginally and reached Rs. 7.85 per share in June 2021. Evexia’s stock closed at Rs. 5,482.10 on 18th August’2021 (NSE) and has returned 11.50% in the last six months and 67.55% in the previous year.

Registered Address

GF-12A 94 Meghdoot Building, Nehru Place, New Delhi, New Delhi, 110019

Tel : 91-11-26463894/0120-2082000
Email : investors:naukri.com; jaya.bhatia:infoedge.com
Website : http://www.infoedge.in
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532777
NSE Code : NAUKRI
Book Closure Date (Month) :
BSE Group : A
ISIN : INE663F01024

FAQ’s on Info Edge (India) Ltd Shares

You can buy Info Edge (India) Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Info Edge (India) Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 24, 2024 10:09 AM the closing price of Info Edge (India) Ltd was ₹ 5,896.10.

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 Apr 24, 2024 10:09 AM, the market cap of Info Edge (India) Ltd stood at ₹ 76,286.10.

The latest PE ratio of Info Edge (India) Ltd as of Apr 24, 2024 10:09 AM is 261.94

The latest PB ratio of Info Edge (India) Ltd as of Apr 24, 2024 10:09 AM is 0.26

The 52-week high of Info Edge (India) Ltd share price is ₹ 6,355.00 while the 52-week low is ₹ 3,592.30

According to analyst recommendations, Info Edge (India) Ltd Share has a “Buy” rating for the long term.

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