eMudhra Limited
₹341.10-₹12.45 (-3.5%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹4,633 Cr
- P/E
- 202.0x
- EV / EBITDA
- 97.4x
- Revenue
- ₹203 Cr
- Net margin
- 11.5%
- ROCE
- 7.4%
Price chart
Technical chartScreen technicals →-47.7% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -42.8%
- 3M
- -25.2%
- 6M
- -30.3%
- 1Y
- -47.7%
- 5Y
- +33.2%
52-week range
Day change -₹12.45 (-3.5%) from ₹354 to ₹341 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in EMUDHRA, bought on each weekday since 2022.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 50.0%
Concerns1
- Low return on equity of 4.0%
Rule-based from financial data. Not advice.
About the company
eMudhra Limited provides trust and enterprise solutions to individuals and organizations worldwide.
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eMudhra Limited provides trust and enterprise solutions to individuals and organizations worldwide. The company provides enterprise signing solutions, such as emSinger enterprise signing suite, esign, digital stamp, and eBG; digital security solutions, which include emCA-certifiying authority solutions, identity and access management, and certificate lifecycle management; digital trust services, including private trust services, SSL/TL, code signing, email encryption, document signing, and IoT certificates, as well as emsign CertHub; and emSign managed services comprises public key infrastructure and identity management, and security services. It also offers emSinger enterprise and emSinger for banks; bulksign; and remote sign as-a-services. The company has a strategic partnership with LankaPay (Private) Limited to enable digital signatures across Sri Lanka's financial and public sector ecosystems. The company was incorporated in 2008 and is based in Bengaluru, India.
- Sector
- Technology
- Shares outstanding
- 8.3 Cr shares
- ISIN
- INE01QM01018
- BSE code
- 543533
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹4,633 Cr
- P/E
- 202.0x
- P/B
- 8.4x
- EV / EBITDA
- 97.4x
- EV / Sales
- 25.0x
- P/S
- 25.3x
- Earnings yield
- 0.5%
- 52-week high
- ₹662.35
- 52-week low
- ₹318.10
Profitability
- Operating margin
- 21.3%
- Net margin
- 11.5%
- EBITDA margin
- 25.7%
- ROE
- 4.0%
- ROCE
- 7.4%
- ROA
- 3.7%
- Dividend payout
- 50.0%
- Tax rate
- 28.0%
- Other income, % of PBT
- 27.6%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹203 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.9%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.2%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹47.0 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 9.3%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -9.5%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 13.8%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹25.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 47.1%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹136 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 56.7%
Solvency and efficiency
- Current ratio
- 8.61
- Debt / Equity
- 0.00
- Debt / Assets
- 0.00
- Interest coverage
- 19.50
- Financial leverage
- 1.09
- CFO / Net profit
- 1.19
- Cash / Market cap
- 6.0%
- Cash per share
- ₹33.42
- Asset turnover
- 0.32
- Fixed asset turnover
- 1.22
- Capital intensity
- 0.82
- Debtor days
- 93 days
- Inventory turnover
- 11.41
- Cash conversion cycle
- -79 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹9 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹170 Cr |
| Sales | Operating profit | ₹33 Cr |
| Operating profit | Depreciation | ₹15 Cr |
| Operating profit | Profit before tax | ₹18 Cr |
| Other income | Profit before tax | ₹9 Cr |
| Profit before tax | Tax and other | ₹8 Cr |
| Profit before tax | Net profit | ₹19 Cr |
Revenue and net profit
Revenue grew 10.9% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹109 Cr | ₹15 Cr |
| FY2022 | ₹153 Cr | ₹30 Cr |
| FY2023 | ₹164 Cr | ₹20 Cr |
| FY2024 | ₹183 Cr | ₹21 Cr |
| FY2025 | ₹203 Cr | ₹19 Cr |
Cash flows
FY2025: ₹38.0 Cr from operations, -₹126 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹29 Cr | -₹1 Cr |
| FY2022 | ₹36 Cr | -₹2 Cr |
| FY2023 | ₹17 Cr | -₹110 Cr |
| FY2024 | ₹25 Cr | -₹37 Cr |
| FY2025 | ₹38 Cr | -₹126 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹203 Cr+10.9%1Y
- Net profit
- ₹19 Cr-9.5%1Y
- Cash from operations
- ₹38 Cr
- Free cash flow
- -₹126 Cr
- Revenue CAGR, 5Y
- 12.2%
- EBITDA CAGR, 5Y
- 16.4%
- Net profit CAGR, 5Y
- 13.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹203 Cr | ₹33 Cr | — | ₹19 Cr | ₹38 Cr | -₹126 Cr | 3.5% | +10.9% | -9.5% |
Monthly returns
Month-by-month returns of EMUDHRA across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹598 Cr |
| Equity capital | ₹41 Cr |
| Reserves | ₹504 Cr |
| Borrowings | ₹0 Cr |
| Other liabilities | ₹53 Cr |
| Assets | ₹598 Cr |
| Fixed assets | ₹190 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹285 Cr |
| Other assets | ₹124 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
EMUDHRA trades at 202.0x earnings against a peer median of 52.1x (a 288% premium).
Not shown (no positive earnings and no EV / Sales): Sterlite Technologies Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| eMudhra LimitedEMUDHRAthis companyP/E ↑ premium | ₹4,633 Cr | 202.0x | 8.4x | 4.0% | 97.4x |
| Dhanuka Agritech Ltd.DHANUKA | ₹4,830 Cr | 17.2x | 3.1x | 19.0% | 12.9x |
| Technocraft Industries (India) Ltd.TIIL | ₹4,713 Cr | 20.3x | 3.1x | 12.5% | 15.9x |
| Cigniti Technologies LtdCIGNITI | ₹4,640 Cr | 24.4x | 6.2x | 18.6% | 30.7x |
| R Systems International LimitedRSYSTEMS | ₹4,561 Cr | 19.3x | 8.2x | — | — |
| Sterlite Technologies Limited.STLTECH | ₹4,536 Cr | — | 3.2x | -7.4% | 26.6x |
| Seshaasai Technologies LimitedSTYL | ₹4,469 Cr | 20.8x | 3.5x | 38.9% | 15.5x |
| Datamatics Global Services LimitedDATAMATICS | ₹4,344 Cr | 58.9x | 5.0x | 10.4% | 35.0x |
| ASM Technologies Ltd.ASM TECHNOLO | ₹4,324 Cr | 76.6x | 13.6x | 1.9% | 229.0x |
| Peer median | — | 52.1x | 7.8x | 14.5% | 34.2x |
Year-to-date ROI
EMUDHRA since 1 January, against earlier years.
Historical volatility
EMUDHRA's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 25.0% |
| FY2022 | 35.0% |
| FY2023 | 23.0% |
| FY2024 | 21.0% |
| FY2025 | 16.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹203 Cr |
| Costs | |
| Interest | ₹0 Cr |
| Expenses | ₹170 Cr |
| Operating profitOperating Profit | ₹33 Cr |
| Other income and charges | |
| Profit before tax | ₹27 Cr |
| Tax | |
| Net profitNet Profit | ₹19 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹598 Cr |
| Equity capitalEquity Capital | ₹41 Cr |
| Reserves | ₹504 Cr |
| Borrowings | ₹0 Cr |
| Other liabilitiesOther Liabilities | ₹53 Cr |
| AssetsTotal Assets | ₹598 Cr |
| Fixed assetsFixed Assets | ₹190 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹285 Cr |
| Other assetsOther Assets | ₹124 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹38 Cr |
| Investing cash flowCash from Investing Activity | -₹164 Cr |
| Financing cash flowCash from Financing Activity | -₹11 Cr |
| Change in cashNet Cash Flow | -₹136 Cr |
Learn while you research
Academy chapters picked for eMudhra Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 202.0, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Growth InvestingTech & communications often trade on growth, learn the framework.7 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read