View ValuationeMudhra 향후 성장Future 기준 점검 5/6eMudhra (는) 각각 연간 25.7% 및 23.7% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 25.3% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 16.5% 로 예상됩니다.핵심 정보25.7%이익 성장률25.34%EPS 성장률Professional Services 이익 성장15.1%매출 성장률23.7%향후 자기자본이익률16.50%애널리스트 커버리지Low마지막 업데이트08 May 2026최근 향후 성장 업데이트Price Target Changed • Feb 04Price target decreased by 12% to ₹918Down from ₹1,045, the current price target is provided by 1 analyst. New target price is 75% above last closing price of ₹525. Stock is down 22% over the past year. The company posted earnings per share of ₹10.41 last year.Price Target Changed • Jul 30Price target increased by 9.4% to ₹1,045Up from ₹955, the current price target is provided by 1 analyst. New target price is 33% above last closing price of ₹786. Stock is down 10% over the past year. The company is forecast to post earnings per share of ₹14.40 for next year compared to ₹10.41 last year.모든 업데이트 보기Recent updates공고 • Jul 14eMudhra Limited to Report Q1, 2027 Results on Jul 29, 2026eMudhra Limited announced that they will report Q1, 2027 results on Jul 29, 2026Upcoming Dividend • Jun 11Upcoming dividend of ₹1.25 per shareEligible shareholders must have bought the stock before 18 June 2026. Payment date: 25 July 2026. Payout ratio is a comfortable 9.5% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.4%).Declared Dividend • May 08Dividend of ₹1.25 announcedDividend of ₹1.25 is the same as last year. Ex-date: 18th June 2026 Payment date: 25th July 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (12% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 4 years but payments have been stable during that time. Earnings per share has grown by 40% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • May 07Full year 2026 earnings: EPS in line with expectations, revenues disappointFull year 2026 results: EPS: ₹13.14 (up from ₹10.41 in FY 2025). Revenue: ₹7.13b (up 37% from FY 2025). Net income: ₹1.08b (up 27% from FY 2025). Profit margin: 15% (down from 16% in FY 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 16% per year.공고 • May 07+ 1 more updateeMudhra Limited announces Annual dividend, payable on July 25, 2026eMudhra Limited announced Annual dividend of INR 1.2500 per share payable on July 25, 2026, ex-date on June 18, 2026 and record date on June 18, 2026.공고 • Apr 17eMudhra Limited to Report Q4, 2026 Results on May 06, 2026eMudhra Limited announced that they will report Q4, 2026 results on May 06, 2026Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ₹452, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 19x in the Professional Services industry in India. Total returns to shareholders of 81% over the past three years.Price Target Changed • Feb 04Price target decreased by 12% to ₹918Down from ₹1,045, the current price target is provided by 1 analyst. New target price is 75% above last closing price of ₹525. Stock is down 22% over the past year. The company posted earnings per share of ₹10.41 last year.Reported Earnings • Feb 03Third quarter 2026 earnings released: EPS: ₹3.50 (vs ₹2.58 in 3Q 2025)Third quarter 2026 results: EPS: ₹3.50 (up from ₹2.58 in 3Q 2025). Revenue: ₹1.91b (up 38% from 3Q 2025). Net income: ₹286.7m (up 37% from 3Q 2025). Profit margin: 15% (in line with 3Q 2025). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.공고 • Jan 12eMudhra Limited to Report Q3, 2026 Results on Feb 02, 2026eMudhra Limited announced that they will report Q3, 2026 results on Feb 02, 2026Reported Earnings • Nov 06Second quarter 2026 earnings released: EPS: ₹3.09 (vs ₹2.70 in 2Q 2025)Second quarter 2026 results: EPS: ₹3.09 (up from ₹2.70 in 2Q 2025). Revenue: ₹1.75b (up 24% from 2Q 2025). Net income: ₹252.8m (up 15% from 2Q 2025). Profit margin: 14% (down from 16% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.공고 • Oct 14eMudhra Limited to Report Q2, 2026 Results on Nov 04, 2025eMudhra Limited announced that they will report Q2, 2026 results on Nov 04, 2025Price Target Changed • Jul 30Price target increased by 9.4% to ₹1,045Up from ₹955, the current price target is provided by 1 analyst. New target price is 33% above last closing price of ₹786. Stock is down 10% over the past year. The company is forecast to post earnings per share of ₹14.40 for next year compared to ₹10.41 last year.Reported Earnings • Jul 25First quarter 2026 earnings released: EPS: ₹3.05 (vs ₹2.20 in 1Q 2025)First quarter 2026 results: EPS: ₹3.05 (up from ₹2.20 in 1Q 2025). Revenue: ₹1.51b (up 63% from 1Q 2025). Net income: ₹248.8m (up 39% from 1Q 2025). Profit margin: 17% (down from 19% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.공고 • Jul 08eMudhra Limited to Report Q1, 2026 Results on Jul 24, 2025eMudhra Limited announced that they will report Q1, 2026 results on Jul 24, 2025공고 • Jun 26eMudhra Limited Announces Board AppointmentseMudhra Limited at its 17th Annual General Meeting held on June 25, 2025, approved to appoint Mr. Venkatadri Chandrasekaran (DIN: 03 126243) as an Independent Director of the Company and appoint Mr. Shivanand Rama Shettigar (DIN: 00209835) as an Independent Director of the Company.Upcoming Dividend • Jun 11Upcoming dividend of ₹1.25 per shareEligible shareholders must have bought the stock before 18 June 2025. Payment date: 25 July 2025. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (1.1%).Reported Earnings • May 10Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹10.41 (up from ₹9.74 in FY 2024). Revenue: ₹5.28b (up 42% from FY 2024). Net income: ₹846.4m (up 13% from FY 2024). Profit margin: 16% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.7%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Professional Services industry in India.Declared Dividend • May 08Dividend of ₹1.25 announcedDividend of ₹1.25 is the same as last year. Ex-date: 18th June 2025 Payment date: 25th July 2025 Dividend yield will be 0.2%, which is lower than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (13% earnings payout ratio) but not covered by cash flows (103% cash payout ratio). The dividend has not increased over the past 3 years but payments have been stable during that time. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공고 • May 07+ 1 more updateeMudhra Limited, Annual General Meeting, Jun 25, 2025eMudhra Limited, Annual General Meeting, Jun 25, 2025.공고 • Apr 22eMudhra Limited to Report Q4, 2025 Results on May 06, 2025eMudhra Limited announced that they will report Q4, 2025 results on May 06, 2025공고 • Mar 28eMudhra Limited Announces Cessation of Manoj Pundalik Kunkalienkar as Independent Director, Effective March 31, 2025eMudhra Limited announced the second term of five (5) consecutive years of Mr. Manoj Pundalik Kunkalienkar, an Independent Director of the Company, will come to an end on March 31, 2025, and consequently, he will cease to be an Independent Director of the Company with effect from the close of business hours on March 31, 2025. Subsequently, he will also cease to be a Member of the Nomination and Remuneration Committee and the Stakeholders Relationship Committee of the Company.Valuation Update With 7 Day Price Move • Feb 04Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₹680, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 32x in the Professional Services industry in India. Total returns to shareholders of 38% over the past year.Reported Earnings • Jan 29Third quarter 2025 earnings released: EPS: ₹2.58 (vs ₹2.65 in 3Q 2024)Third quarter 2025 results: EPS: ₹2.58. Revenue: ₹1.41b (up 45% from 3Q 2024). Net income: ₹209.7m (up 4.2% from 3Q 2024). Profit margin: 15% (down from 21% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Professional Services industry in India.공고 • Jan 08eMudhra Limited to Report Q3, 2025 Results on Jan 28, 2025eMudhra Limited announced that they will report Q3, 2025 results on Jan 28, 2025Board Change • Dec 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Chandrasekar Padmanabhan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 30Second quarter 2025 earnings released: EPS: ₹2.70 (vs ₹2.43 in 2Q 2024)Second quarter 2025 results: EPS: ₹2.70 (up from ₹2.43 in 2Q 2024). Revenue: ₹1.43b (up 48% from 2Q 2024). Net income: ₹219.3m (up 19% from 2Q 2024). Profit margin: 15% (down from 19% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Professional Services industry in India.공고 • Oct 07eMudhra Limited to Report Q2, 2025 Results on Oct 29, 2024eMudhra Limited announced that they will report Q2, 2025 results on Oct 29, 2024Reported Earnings • Jul 31First quarter 2025 earnings released: EPS: ₹2.20 (vs ₹2.07 in 1Q 2024)First quarter 2025 results: EPS: ₹2.20 (up from ₹2.07 in 1Q 2024). Revenue: ₹950.2m (up 19% from 1Q 2024). Net income: ₹178.5m (up 15% from 1Q 2024). Profit margin: 19% (in line with 1Q 2024). Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Professional Services industry in India.공고 • Jul 12eMudhra Limited to Report Q1, 2025 Results on Jul 30, 2024eMudhra Limited announced that they will report Q1, 2025 results on Jul 30, 2024Upcoming Dividend • Jun 13Upcoming dividend of ₹1.25 per shareEligible shareholders must have bought the stock before 20 June 2024. Payment date: 27 July 2024. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (1.2%).공고 • Jun 13eMudhra Limited Appoints Carmine Auletta as Managing Director for the European Market and Also Designated as Senior Managerial PersonneleMudhra Limited announced the appointment of Mr. Carmine Auletta as Managing Director for the European Market and also designated as Senior Managerial Personnel ("SMP") in the Company with effect from June 11, 2024. Mr. Carmine Auletta has 30 years of experience in the digital transformation and technology sectors, having worked with various multinational corporations and leading consultancies across the United States and Europe. Auletta brings deep experience and expertise in the European Digital Trust Market from his past work experiences, where he successfully completed, among other achievements, the acquisition of several companies in this field. He has served as Chairman of AssoCertificatori, the association of Italian Trust Service Providers and as Board Member and Executive Committee Member of the Cloud Signature Consortium, a Bruxelles- based association committed to define the global standards for digital signatures. He will be responsible for driving eMudhra's growth and expansion in the European market, where the company offers its innovative solutions for digital signature, identity assurance, data security, and paperless workflows.Reported Earnings • May 01Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: ₹9.74 (up from ₹8.35 in FY 2023). Revenue: ₹3.80b (up 53% from FY 2023). Net income: ₹750.6m (up 22% from FY 2023). Profit margin: 20% (down from 25% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.1%. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Professional Services industry in India.Declared Dividend • May 01Dividend of ₹1.25 announcedDividend of ₹1.25 is the same as last year. Ex-date: 20th June 2024 Payment date: 27th July 2024 Dividend yield will be 0.2%, which is lower than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 2 years but payments have been stable during that time. EPS is expected to grow by 87% over the next 2 years, which should provide support to the dividend and adequate earnings cover.공고 • May 01eMudhra Limited, Annual General Meeting, Jun 27, 2024eMudhra Limited, Annual General Meeting, Jun 27, 2024.공고 • Apr 30eMudhra Limited Recommends Final Dividend for the Financial Year 2023-24eMudhra Limited announced that at its board meeting held on April 29, 2024, recommended the final dividend of INR 1.25 per share for the financial year 2023-24 on its fully paid-up Equity Share Capital of the Company subject to the approval of shareholders in the upcoming Annual General Meeting of the company.공고 • Apr 17eMudhra Limited to Report Q4, 2024 Results on Apr 29, 2024eMudhra Limited announced that they will report Q4, 2024 results on Apr 29, 2024New Risk • Mar 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Shareholders have been diluted in the past year (6.1% increase in shares outstanding).Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹560, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 34x in the Professional Services industry in India. Total returns to shareholders of 115% over the past year.Reported Earnings • Feb 06Third quarter 2024 earnings released: EPS: ₹2.65 (vs ₹2.00 in 3Q 2023)Third quarter 2024 results: EPS: ₹2.65 (up from ₹2.00 in 3Q 2023). Revenue: ₹995.1m (up 63% from 3Q 2023). Net income: ₹201.3m (up 31% from 3Q 2023). Profit margin: 20% (down from 25% in 3Q 2023). The decrease in margin was driven by higher expenses.공고 • Feb 05eMudhra Limited Appoints Ritesh Raj Pariyani as Chief Financial OfficerThe Board of Directors of eMudhra Limited at its meeting held on February 05, 2024, approved the appointment of Mr. Ritesh Raj Pariyani as Chief Financial Officer and Key Managerial Personnel (KMP) of the Company with effect from February 05, 2024, as recommended by the Nomination and Remuneration Committee. Ritesh Raj Pariyani has 13 years of extensive experience in core business finance, including Plant Controlling, Financial Reporting, Governance and Audit. He is a Chartered Accountant, Associated member of ICAI and a Company Secretary, Associated Member of ICSI. Ritesh has held strategic positions with several corporates and led finance function. He has also played a pivotal role in implementing finance ERPs and digital initiatives. Before joining eMudhra, he was the Sr Manager finance in AXA Business Services Private Limited.공고 • Jan 26eMudhra Limited to Report Q3, 2024 Results on Feb 05, 2024eMudhra Limited announced that they will report Q3, 2024 results on Feb 05, 2024New Risk • Jan 18New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risk Shareholders have been diluted in the past year (6.1% increase in shares outstanding).Reported Earnings • Nov 09Second quarter 2024 earnings released: EPS: ₹2.43 (vs ₹2.19 in 2Q 2023)Second quarter 2024 results: EPS: ₹2.43 (up from ₹2.19 in 2Q 2023). Revenue: ₹967.0m (up 65% from 2Q 2023). Net income: ₹183.7m (up 10% from 2Q 2023). Profit margin: 19% (down from 28% in 2Q 2023). The decrease in margin was driven by higher expenses.공고 • Nov 09eMudhra Limited Announces Resignation of Mr. Saji K Louiz as Chief Financial OfficereMudhra Limited announced that Mr. Saji K Louiz - Chief Financial Officer and Key Managerial Personnel of the Company, has tendered his resignation vide letter dated November 08, 2023, due to personal reasons. The resignation will take effect from the date on which he will be relieved from his position. Mr. Saji K Louiz will also cease to be a Key Managerial Personnel.공고 • Oct 31eMudhra Limited to Report Q2, 2024 Results on Nov 08, 2023eMudhra Limited announced that they will report Q2, 2024 results on Nov 08, 2023New Risk • Aug 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Aug 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹521, the stock trades at a trailing P/E ratio of 61.6x. Average trailing P/E is 23x in the Professional Services industry in India. Total returns to shareholders of 47% over the past year.Reported Earnings • Jul 29First quarter 2024 earnings released: EPS: ₹2.07 (vs ₹1.76 in 1Q 2023)First quarter 2024 results: EPS: ₹2.07 (up from ₹1.76 in 1Q 2023). Revenue: ₹807.3m (up 55% from 1Q 2023). Net income: ₹155.8m (up 12% from 1Q 2023). Profit margin: 19% (down from 27% in 1Q 2023). The decrease in margin was driven by higher expenses.공고 • Jul 21eMudhra Limited to Report Q1, 2024 Results on Jul 28, 2023eMudhra Limited announced that they will report Q1, 2024 results on Jul 28, 2023Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹483, the stock trades at a trailing P/E ratio of 58.6x. Average trailing P/E is 23x in the Professional Services industry in India. Total returns to shareholders of 94% over the past year.New Risk • Jul 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change).공고 • Jun 30eMudhra Appoints Scott Rea as Senior Vice President - Global Strategic AdvisoreMudhra announced the appointment of industry veteran Scott Rea as its Senior Vice President - Global Strategic Advisor. Rea will be based in Utah, North America, and his role will focus on expanding eMudhra's presence and influence in PKI and digital signing domain in North America and Europe. With over 25 years of experience in managing relationships and fostering business opportunities with pivotal government and industry clients, Rea's expertise in digital transformation and managed PKI projects is unparalleled. His leadership and insights will play an instrumental role in driving eMudhra's growth and reinforcing its standing in the global PKI and signing domain. Prior to joining eMudhra, Rea held a distinguished career leading DigitalTrust, the United Arab Emirates National PKI provider, where he was esponsible for the design and implementation of the UAE National Digital ID (UAEPASS) and other national PKIs in the Gulf region. His previous roles also include serving as senior vice president of Trust Services at DarkMatter, senior PKI architect at DigiCert, and senior PKI architect for Dartmouth College. In his new role at eMudhra, Rea will provide strategic and technical direction on product roadmaps across the PKI and Signing portfolio, ensuring the products maintain global relevance and are poised for future expansion. His deep understanding of the industry, coupled with his strategic leadership, will be critical in shaping eMudhra's products and services and positioning them for success in the global markets.Upcoming Dividend • Jun 15Upcoming dividend of ₹1.25 per share at 0.3% yieldEligible shareholders must have bought the stock before 22 June 2023. Payment date: 29 July 2023. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.6%).Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₹406, the stock trades at a trailing P/E ratio of 51.4x. Average trailing P/E is 24x in the Professional Services industry in India.Valuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹315, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 27x in the Professional Services industry in India.Reported Earnings • Apr 30Full year 2023 earnings released: EPS: ₹8.35 (vs ₹5.90 in FY 2022)Full year 2023 results: EPS: ₹8.35 (up from ₹5.90 in FY 2022). Revenue: ₹2.54b (up 39% from FY 2022). Net income: ₹616.8m (up 49% from FY 2022). Profit margin: 24% (up from 23% in FY 2022). The increase in margin was driven by higher revenue.Reported Earnings • Jan 26Third quarter 2023 earnings released: EPS: ₹2.00 (vs ₹1.54 in 3Q 2022)Third quarter 2023 results: EPS: ₹2.00 (up from ₹1.54 in 3Q 2022). Revenue: ₹623.9m (up 37% from 3Q 2022). Net income: ₹153.2m (up 42% from 3Q 2022). Profit margin: 25% (in line with 3Q 2022).공고 • Jan 26eMudhra Limited Approves Retirement of Ashwin Jansale as Senior Vice President, Effective from April 15, 2023eMudhra Limited Board of Directors of the Company at its meeting held January 25, 2023, approved the following: Pre-mature Retirement of Mr. Ashwin Jansale as Senior Vice President and Head of Channel Sales effective from April 15, 2023.Reported Earnings • Oct 21Second quarter 2023 earnings released: EPS: ₹2.19 (vs ₹1.54 in 2Q 2022)Second quarter 2023 results: EPS: ₹2.19 (up from ₹1.54 in 2Q 2022). Revenue: ₹598.7m (up 32% from 2Q 2022). Net income: ₹166.4m (up 54% from 2Q 2022). Profit margin: 28% (up from 24% in 2Q 2022). The increase in margin was driven by higher revenue.공고 • Oct 04eMudhra Limited to Report Q2, 2023 Results on Oct 19, 2022eMudhra Limited announced that they will report Q2, 2023 results on Oct 19, 2022Valuation Update With 7 Day Price Move • Jul 30Investor sentiment improved over the past weekAfter last week's 35% share price gain to ₹342, the stock trades at a trailing P/E ratio of 58.2x. Average trailing P/E is 36x in the Professional Services industry in India.Recent Insider Transactions • Jul 29Senior VP & Head of Channel Sales recently sold ₹6.6m worth of stockOn the 26th of July, Ashwin Jansale sold around 20k shares on-market at roughly ₹333 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹9.8m more than they bought in the last 12 months.Reported Earnings • Jul 25First quarter 2023 earnings released: EPS: ₹1.76 (vs ₹1.06 in 1Q 2022)First quarter 2023 results: EPS: ₹1.76 (up from ₹1.06 in 1Q 2022). Revenue: ₹528.2m (up 35% from 1Q 2022). Net income: ₹138.9m (up 87% from 1Q 2022). Profit margin: 26% (up from 19% in 1Q 2022). The increase in margin was driven by higher revenue.공고 • Jul 15eMudhra Limited to Report Q1, 2023 Results on Jul 23, 2022eMudhra Limited announced that they will report Q1, 2023 results on Jul 23, 2022Reported Earnings • Jun 13Full year 2022 earnings released: EPS: ₹5.86 (vs ₹2.49 in FY 2021)Full year 2022 results: EPS: ₹5.86 (up from ₹2.49 in FY 2021). Revenue: ₹1.84b (up 40% from FY 2021). Net income: ₹414.1m (up 137% from FY 2021). Profit margin: 23% (up from 13% in FY 2021). The increase in margin was driven by higher revenue.공고 • Jun 12+ 1 more updateeMudhra Limited, Annual General Meeting, Aug 05, 2022eMudhra Limited, Annual General Meeting, Aug 05, 2022. Agenda: To recommended a final dividend for the financial year ended March 31, 2022; to approve the appointment of M/s. Suri & Co., Chartered Accountants, as Statutory Auditors of the company for a period of 5 years; and to consider the other matters.이익 및 매출 성장 예측BSE:543533 - 애널리스트 향후 추정치 및 과거 재무 데이터 (INR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/202811,3621,81128120913/31/20279,0771,394203613/31/20267,0161,078-5251,328N/A12/31/20256,5511,027N/AN/AN/A9/30/20256,059950-3441,047N/A6/30/20255,742917N/AN/AN/A3/31/20255,1948461841,016N/A12/31/20244,722817N/AN/AN/A9/30/20244,3078091011,049N/A6/30/20243,858773N/AN/AN/A3/31/20243,731751-13725N/A12/31/20233,502699N/AN/AN/A9/30/20233,141651-201377N/A6/30/20232,763634N/AN/AN/A3/31/20232,488617-285336N/A12/31/20222,173566N/AN/AN/A9/30/20222,014520-140366N/A6/30/20221,919458N/AN/AN/A3/31/20221,826414-251216N/A3/31/20211,316175203409N/A3/31/20201,1651664232N/A3/31/20191,016174N/A168N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 543533 의 연간 예상 수익 증가율(25.7%)이 saving rate(6.9%)보다 높습니다.수익 vs 시장: 543533 의 연간 수익(25.7%)이 Indian 시장(16.3%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 543533 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 543533 의 수익(연간 23.7%)이 Indian 시장(연간 11.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 543533 의 수익(연간 23.7%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 543533의 자본 수익률은 3년 후 16.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCommercial-services 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/23 00:42종가2026/07/23 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스eMudhra Limited는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Piyush Kumar PandeyCentrum Broking Limited
Price Target Changed • Feb 04Price target decreased by 12% to ₹918Down from ₹1,045, the current price target is provided by 1 analyst. New target price is 75% above last closing price of ₹525. Stock is down 22% over the past year. The company posted earnings per share of ₹10.41 last year.
Price Target Changed • Jul 30Price target increased by 9.4% to ₹1,045Up from ₹955, the current price target is provided by 1 analyst. New target price is 33% above last closing price of ₹786. Stock is down 10% over the past year. The company is forecast to post earnings per share of ₹14.40 for next year compared to ₹10.41 last year.
공고 • Jul 14eMudhra Limited to Report Q1, 2027 Results on Jul 29, 2026eMudhra Limited announced that they will report Q1, 2027 results on Jul 29, 2026
Upcoming Dividend • Jun 11Upcoming dividend of ₹1.25 per shareEligible shareholders must have bought the stock before 18 June 2026. Payment date: 25 July 2026. Payout ratio is a comfortable 9.5% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.4%).
Declared Dividend • May 08Dividend of ₹1.25 announcedDividend of ₹1.25 is the same as last year. Ex-date: 18th June 2026 Payment date: 25th July 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (12% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 4 years but payments have been stable during that time. Earnings per share has grown by 40% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 07Full year 2026 earnings: EPS in line with expectations, revenues disappointFull year 2026 results: EPS: ₹13.14 (up from ₹10.41 in FY 2025). Revenue: ₹7.13b (up 37% from FY 2025). Net income: ₹1.08b (up 27% from FY 2025). Profit margin: 15% (down from 16% in FY 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 16% per year.
공고 • May 07+ 1 more updateeMudhra Limited announces Annual dividend, payable on July 25, 2026eMudhra Limited announced Annual dividend of INR 1.2500 per share payable on July 25, 2026, ex-date on June 18, 2026 and record date on June 18, 2026.
공고 • Apr 17eMudhra Limited to Report Q4, 2026 Results on May 06, 2026eMudhra Limited announced that they will report Q4, 2026 results on May 06, 2026
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ₹452, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 19x in the Professional Services industry in India. Total returns to shareholders of 81% over the past three years.
Price Target Changed • Feb 04Price target decreased by 12% to ₹918Down from ₹1,045, the current price target is provided by 1 analyst. New target price is 75% above last closing price of ₹525. Stock is down 22% over the past year. The company posted earnings per share of ₹10.41 last year.
Reported Earnings • Feb 03Third quarter 2026 earnings released: EPS: ₹3.50 (vs ₹2.58 in 3Q 2025)Third quarter 2026 results: EPS: ₹3.50 (up from ₹2.58 in 3Q 2025). Revenue: ₹1.91b (up 38% from 3Q 2025). Net income: ₹286.7m (up 37% from 3Q 2025). Profit margin: 15% (in line with 3Q 2025). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Jan 12eMudhra Limited to Report Q3, 2026 Results on Feb 02, 2026eMudhra Limited announced that they will report Q3, 2026 results on Feb 02, 2026
Reported Earnings • Nov 06Second quarter 2026 earnings released: EPS: ₹3.09 (vs ₹2.70 in 2Q 2025)Second quarter 2026 results: EPS: ₹3.09 (up from ₹2.70 in 2Q 2025). Revenue: ₹1.75b (up 24% from 2Q 2025). Net income: ₹252.8m (up 15% from 2Q 2025). Profit margin: 14% (down from 16% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Oct 14eMudhra Limited to Report Q2, 2026 Results on Nov 04, 2025eMudhra Limited announced that they will report Q2, 2026 results on Nov 04, 2025
Price Target Changed • Jul 30Price target increased by 9.4% to ₹1,045Up from ₹955, the current price target is provided by 1 analyst. New target price is 33% above last closing price of ₹786. Stock is down 10% over the past year. The company is forecast to post earnings per share of ₹14.40 for next year compared to ₹10.41 last year.
Reported Earnings • Jul 25First quarter 2026 earnings released: EPS: ₹3.05 (vs ₹2.20 in 1Q 2025)First quarter 2026 results: EPS: ₹3.05 (up from ₹2.20 in 1Q 2025). Revenue: ₹1.51b (up 63% from 1Q 2025). Net income: ₹248.8m (up 39% from 1Q 2025). Profit margin: 17% (down from 19% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Jul 08eMudhra Limited to Report Q1, 2026 Results on Jul 24, 2025eMudhra Limited announced that they will report Q1, 2026 results on Jul 24, 2025
공고 • Jun 26eMudhra Limited Announces Board AppointmentseMudhra Limited at its 17th Annual General Meeting held on June 25, 2025, approved to appoint Mr. Venkatadri Chandrasekaran (DIN: 03 126243) as an Independent Director of the Company and appoint Mr. Shivanand Rama Shettigar (DIN: 00209835) as an Independent Director of the Company.
Upcoming Dividend • Jun 11Upcoming dividend of ₹1.25 per shareEligible shareholders must have bought the stock before 18 June 2025. Payment date: 25 July 2025. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (1.1%).
Reported Earnings • May 10Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹10.41 (up from ₹9.74 in FY 2024). Revenue: ₹5.28b (up 42% from FY 2024). Net income: ₹846.4m (up 13% from FY 2024). Profit margin: 16% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.7%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Professional Services industry in India.
Declared Dividend • May 08Dividend of ₹1.25 announcedDividend of ₹1.25 is the same as last year. Ex-date: 18th June 2025 Payment date: 25th July 2025 Dividend yield will be 0.2%, which is lower than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (13% earnings payout ratio) but not covered by cash flows (103% cash payout ratio). The dividend has not increased over the past 3 years but payments have been stable during that time. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공고 • May 07+ 1 more updateeMudhra Limited, Annual General Meeting, Jun 25, 2025eMudhra Limited, Annual General Meeting, Jun 25, 2025.
공고 • Apr 22eMudhra Limited to Report Q4, 2025 Results on May 06, 2025eMudhra Limited announced that they will report Q4, 2025 results on May 06, 2025
공고 • Mar 28eMudhra Limited Announces Cessation of Manoj Pundalik Kunkalienkar as Independent Director, Effective March 31, 2025eMudhra Limited announced the second term of five (5) consecutive years of Mr. Manoj Pundalik Kunkalienkar, an Independent Director of the Company, will come to an end on March 31, 2025, and consequently, he will cease to be an Independent Director of the Company with effect from the close of business hours on March 31, 2025. Subsequently, he will also cease to be a Member of the Nomination and Remuneration Committee and the Stakeholders Relationship Committee of the Company.
Valuation Update With 7 Day Price Move • Feb 04Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₹680, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 32x in the Professional Services industry in India. Total returns to shareholders of 38% over the past year.
Reported Earnings • Jan 29Third quarter 2025 earnings released: EPS: ₹2.58 (vs ₹2.65 in 3Q 2024)Third quarter 2025 results: EPS: ₹2.58. Revenue: ₹1.41b (up 45% from 3Q 2024). Net income: ₹209.7m (up 4.2% from 3Q 2024). Profit margin: 15% (down from 21% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Professional Services industry in India.
공고 • Jan 08eMudhra Limited to Report Q3, 2025 Results on Jan 28, 2025eMudhra Limited announced that they will report Q3, 2025 results on Jan 28, 2025
Board Change • Dec 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Chandrasekar Padmanabhan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 30Second quarter 2025 earnings released: EPS: ₹2.70 (vs ₹2.43 in 2Q 2024)Second quarter 2025 results: EPS: ₹2.70 (up from ₹2.43 in 2Q 2024). Revenue: ₹1.43b (up 48% from 2Q 2024). Net income: ₹219.3m (up 19% from 2Q 2024). Profit margin: 15% (down from 19% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Professional Services industry in India.
공고 • Oct 07eMudhra Limited to Report Q2, 2025 Results on Oct 29, 2024eMudhra Limited announced that they will report Q2, 2025 results on Oct 29, 2024
Reported Earnings • Jul 31First quarter 2025 earnings released: EPS: ₹2.20 (vs ₹2.07 in 1Q 2024)First quarter 2025 results: EPS: ₹2.20 (up from ₹2.07 in 1Q 2024). Revenue: ₹950.2m (up 19% from 1Q 2024). Net income: ₹178.5m (up 15% from 1Q 2024). Profit margin: 19% (in line with 1Q 2024). Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Professional Services industry in India.
공고 • Jul 12eMudhra Limited to Report Q1, 2025 Results on Jul 30, 2024eMudhra Limited announced that they will report Q1, 2025 results on Jul 30, 2024
Upcoming Dividend • Jun 13Upcoming dividend of ₹1.25 per shareEligible shareholders must have bought the stock before 20 June 2024. Payment date: 27 July 2024. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (1.2%).
공고 • Jun 13eMudhra Limited Appoints Carmine Auletta as Managing Director for the European Market and Also Designated as Senior Managerial PersonneleMudhra Limited announced the appointment of Mr. Carmine Auletta as Managing Director for the European Market and also designated as Senior Managerial Personnel ("SMP") in the Company with effect from June 11, 2024. Mr. Carmine Auletta has 30 years of experience in the digital transformation and technology sectors, having worked with various multinational corporations and leading consultancies across the United States and Europe. Auletta brings deep experience and expertise in the European Digital Trust Market from his past work experiences, where he successfully completed, among other achievements, the acquisition of several companies in this field. He has served as Chairman of AssoCertificatori, the association of Italian Trust Service Providers and as Board Member and Executive Committee Member of the Cloud Signature Consortium, a Bruxelles- based association committed to define the global standards for digital signatures. He will be responsible for driving eMudhra's growth and expansion in the European market, where the company offers its innovative solutions for digital signature, identity assurance, data security, and paperless workflows.
Reported Earnings • May 01Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: ₹9.74 (up from ₹8.35 in FY 2023). Revenue: ₹3.80b (up 53% from FY 2023). Net income: ₹750.6m (up 22% from FY 2023). Profit margin: 20% (down from 25% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.1%. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Professional Services industry in India.
Declared Dividend • May 01Dividend of ₹1.25 announcedDividend of ₹1.25 is the same as last year. Ex-date: 20th June 2024 Payment date: 27th July 2024 Dividend yield will be 0.2%, which is lower than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 2 years but payments have been stable during that time. EPS is expected to grow by 87% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
공고 • May 01eMudhra Limited, Annual General Meeting, Jun 27, 2024eMudhra Limited, Annual General Meeting, Jun 27, 2024.
공고 • Apr 30eMudhra Limited Recommends Final Dividend for the Financial Year 2023-24eMudhra Limited announced that at its board meeting held on April 29, 2024, recommended the final dividend of INR 1.25 per share for the financial year 2023-24 on its fully paid-up Equity Share Capital of the Company subject to the approval of shareholders in the upcoming Annual General Meeting of the company.
공고 • Apr 17eMudhra Limited to Report Q4, 2024 Results on Apr 29, 2024eMudhra Limited announced that they will report Q4, 2024 results on Apr 29, 2024
New Risk • Mar 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Shareholders have been diluted in the past year (6.1% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹560, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 34x in the Professional Services industry in India. Total returns to shareholders of 115% over the past year.
Reported Earnings • Feb 06Third quarter 2024 earnings released: EPS: ₹2.65 (vs ₹2.00 in 3Q 2023)Third quarter 2024 results: EPS: ₹2.65 (up from ₹2.00 in 3Q 2023). Revenue: ₹995.1m (up 63% from 3Q 2023). Net income: ₹201.3m (up 31% from 3Q 2023). Profit margin: 20% (down from 25% in 3Q 2023). The decrease in margin was driven by higher expenses.
공고 • Feb 05eMudhra Limited Appoints Ritesh Raj Pariyani as Chief Financial OfficerThe Board of Directors of eMudhra Limited at its meeting held on February 05, 2024, approved the appointment of Mr. Ritesh Raj Pariyani as Chief Financial Officer and Key Managerial Personnel (KMP) of the Company with effect from February 05, 2024, as recommended by the Nomination and Remuneration Committee. Ritesh Raj Pariyani has 13 years of extensive experience in core business finance, including Plant Controlling, Financial Reporting, Governance and Audit. He is a Chartered Accountant, Associated member of ICAI and a Company Secretary, Associated Member of ICSI. Ritesh has held strategic positions with several corporates and led finance function. He has also played a pivotal role in implementing finance ERPs and digital initiatives. Before joining eMudhra, he was the Sr Manager finance in AXA Business Services Private Limited.
공고 • Jan 26eMudhra Limited to Report Q3, 2024 Results on Feb 05, 2024eMudhra Limited announced that they will report Q3, 2024 results on Feb 05, 2024
New Risk • Jan 18New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risk Shareholders have been diluted in the past year (6.1% increase in shares outstanding).
Reported Earnings • Nov 09Second quarter 2024 earnings released: EPS: ₹2.43 (vs ₹2.19 in 2Q 2023)Second quarter 2024 results: EPS: ₹2.43 (up from ₹2.19 in 2Q 2023). Revenue: ₹967.0m (up 65% from 2Q 2023). Net income: ₹183.7m (up 10% from 2Q 2023). Profit margin: 19% (down from 28% in 2Q 2023). The decrease in margin was driven by higher expenses.
공고 • Nov 09eMudhra Limited Announces Resignation of Mr. Saji K Louiz as Chief Financial OfficereMudhra Limited announced that Mr. Saji K Louiz - Chief Financial Officer and Key Managerial Personnel of the Company, has tendered his resignation vide letter dated November 08, 2023, due to personal reasons. The resignation will take effect from the date on which he will be relieved from his position. Mr. Saji K Louiz will also cease to be a Key Managerial Personnel.
공고 • Oct 31eMudhra Limited to Report Q2, 2024 Results on Nov 08, 2023eMudhra Limited announced that they will report Q2, 2024 results on Nov 08, 2023
New Risk • Aug 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Aug 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹521, the stock trades at a trailing P/E ratio of 61.6x. Average trailing P/E is 23x in the Professional Services industry in India. Total returns to shareholders of 47% over the past year.
Reported Earnings • Jul 29First quarter 2024 earnings released: EPS: ₹2.07 (vs ₹1.76 in 1Q 2023)First quarter 2024 results: EPS: ₹2.07 (up from ₹1.76 in 1Q 2023). Revenue: ₹807.3m (up 55% from 1Q 2023). Net income: ₹155.8m (up 12% from 1Q 2023). Profit margin: 19% (down from 27% in 1Q 2023). The decrease in margin was driven by higher expenses.
공고 • Jul 21eMudhra Limited to Report Q1, 2024 Results on Jul 28, 2023eMudhra Limited announced that they will report Q1, 2024 results on Jul 28, 2023
Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹483, the stock trades at a trailing P/E ratio of 58.6x. Average trailing P/E is 23x in the Professional Services industry in India. Total returns to shareholders of 94% over the past year.
New Risk • Jul 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change).
공고 • Jun 30eMudhra Appoints Scott Rea as Senior Vice President - Global Strategic AdvisoreMudhra announced the appointment of industry veteran Scott Rea as its Senior Vice President - Global Strategic Advisor. Rea will be based in Utah, North America, and his role will focus on expanding eMudhra's presence and influence in PKI and digital signing domain in North America and Europe. With over 25 years of experience in managing relationships and fostering business opportunities with pivotal government and industry clients, Rea's expertise in digital transformation and managed PKI projects is unparalleled. His leadership and insights will play an instrumental role in driving eMudhra's growth and reinforcing its standing in the global PKI and signing domain. Prior to joining eMudhra, Rea held a distinguished career leading DigitalTrust, the United Arab Emirates National PKI provider, where he was esponsible for the design and implementation of the UAE National Digital ID (UAEPASS) and other national PKIs in the Gulf region. His previous roles also include serving as senior vice president of Trust Services at DarkMatter, senior PKI architect at DigiCert, and senior PKI architect for Dartmouth College. In his new role at eMudhra, Rea will provide strategic and technical direction on product roadmaps across the PKI and Signing portfolio, ensuring the products maintain global relevance and are poised for future expansion. His deep understanding of the industry, coupled with his strategic leadership, will be critical in shaping eMudhra's products and services and positioning them for success in the global markets.
Upcoming Dividend • Jun 15Upcoming dividend of ₹1.25 per share at 0.3% yieldEligible shareholders must have bought the stock before 22 June 2023. Payment date: 29 July 2023. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.6%).
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₹406, the stock trades at a trailing P/E ratio of 51.4x. Average trailing P/E is 24x in the Professional Services industry in India.
Valuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹315, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 27x in the Professional Services industry in India.
Reported Earnings • Apr 30Full year 2023 earnings released: EPS: ₹8.35 (vs ₹5.90 in FY 2022)Full year 2023 results: EPS: ₹8.35 (up from ₹5.90 in FY 2022). Revenue: ₹2.54b (up 39% from FY 2022). Net income: ₹616.8m (up 49% from FY 2022). Profit margin: 24% (up from 23% in FY 2022). The increase in margin was driven by higher revenue.
Reported Earnings • Jan 26Third quarter 2023 earnings released: EPS: ₹2.00 (vs ₹1.54 in 3Q 2022)Third quarter 2023 results: EPS: ₹2.00 (up from ₹1.54 in 3Q 2022). Revenue: ₹623.9m (up 37% from 3Q 2022). Net income: ₹153.2m (up 42% from 3Q 2022). Profit margin: 25% (in line with 3Q 2022).
공고 • Jan 26eMudhra Limited Approves Retirement of Ashwin Jansale as Senior Vice President, Effective from April 15, 2023eMudhra Limited Board of Directors of the Company at its meeting held January 25, 2023, approved the following: Pre-mature Retirement of Mr. Ashwin Jansale as Senior Vice President and Head of Channel Sales effective from April 15, 2023.
Reported Earnings • Oct 21Second quarter 2023 earnings released: EPS: ₹2.19 (vs ₹1.54 in 2Q 2022)Second quarter 2023 results: EPS: ₹2.19 (up from ₹1.54 in 2Q 2022). Revenue: ₹598.7m (up 32% from 2Q 2022). Net income: ₹166.4m (up 54% from 2Q 2022). Profit margin: 28% (up from 24% in 2Q 2022). The increase in margin was driven by higher revenue.
공고 • Oct 04eMudhra Limited to Report Q2, 2023 Results on Oct 19, 2022eMudhra Limited announced that they will report Q2, 2023 results on Oct 19, 2022
Valuation Update With 7 Day Price Move • Jul 30Investor sentiment improved over the past weekAfter last week's 35% share price gain to ₹342, the stock trades at a trailing P/E ratio of 58.2x. Average trailing P/E is 36x in the Professional Services industry in India.
Recent Insider Transactions • Jul 29Senior VP & Head of Channel Sales recently sold ₹6.6m worth of stockOn the 26th of July, Ashwin Jansale sold around 20k shares on-market at roughly ₹333 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹9.8m more than they bought in the last 12 months.
Reported Earnings • Jul 25First quarter 2023 earnings released: EPS: ₹1.76 (vs ₹1.06 in 1Q 2022)First quarter 2023 results: EPS: ₹1.76 (up from ₹1.06 in 1Q 2022). Revenue: ₹528.2m (up 35% from 1Q 2022). Net income: ₹138.9m (up 87% from 1Q 2022). Profit margin: 26% (up from 19% in 1Q 2022). The increase in margin was driven by higher revenue.
공고 • Jul 15eMudhra Limited to Report Q1, 2023 Results on Jul 23, 2022eMudhra Limited announced that they will report Q1, 2023 results on Jul 23, 2022
Reported Earnings • Jun 13Full year 2022 earnings released: EPS: ₹5.86 (vs ₹2.49 in FY 2021)Full year 2022 results: EPS: ₹5.86 (up from ₹2.49 in FY 2021). Revenue: ₹1.84b (up 40% from FY 2021). Net income: ₹414.1m (up 137% from FY 2021). Profit margin: 23% (up from 13% in FY 2021). The increase in margin was driven by higher revenue.
공고 • Jun 12+ 1 more updateeMudhra Limited, Annual General Meeting, Aug 05, 2022eMudhra Limited, Annual General Meeting, Aug 05, 2022. Agenda: To recommended a final dividend for the financial year ended March 31, 2022; to approve the appointment of M/s. Suri & Co., Chartered Accountants, as Statutory Auditors of the company for a period of 5 years; and to consider the other matters.