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eMudhra

EMUDHRA NSE
₹358.85 No trade today
P/E
25.84
View as Markdown
MCP
Close 4 Nov 2026 ₹358.85 −276.75 −43.5% 1Y
Start ₹635.60

Key Fundamentals

MicrocapIT - ServicesInformation Technology

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
15.70%
Debt to Equity
0.03
EPS (TTM)
₹13.89
Book Value
₹110.07
Market Cap
—
P/E (TTM)
25.84
P/B
3.26
ROE
12.60%
Dividend Yield
0.36%
EBITDA
₹171 Cr
52W High
₹681.60
52W Low
₹314.00
Volume
0

Peer Comparison

Information Technology › IT Enabled Services

eMudhra peer comparison
L&T Technology Services
₹4,133.5033.20₹45,364 Cr6.190.47%21.50%26.70%₹11,565 Cr₹1,322 Cr
Inventurus Knowledge Solutions
₹1,750.4039.33₹29,871 Cr10.730.00%31.40%31.50%₹3,347 Cr₹764 Cr
Tata Technologies
₹652.4547.55₹26,704 Cr6.911.81%16.30%20.90%₹5,926 Cr₹558 Cr
Netweb Technologies
₹4,062.3088.56₹24,520 Cr11.480.07%32.80%37.50%₹2,702 Cr₹260 Cr
Affle 3i
₹1,623.9047.83₹22,921 Cr5.070.00%13.80%16.80%₹2,836 Cr₹478 Cr
Sagility
₹43.5920.56₹20,233 Cr1.990.35%10.60%13.40%₹7,617 Cr₹994 Cr
ESDS Software Solution
₹1,193.6091.82₹14,545 Cr10.890.00%24.90%30.20%₹537 Cr₹134 Cr
eMudhra (this company)
₹358.8525.84₹2,890 Cr3.260.36%12.60%15.70%₹745 Cr₹117 Cr
Median 8 companies₹1,408.7543.44₹23,720 Cr6.550.21%18.90%23.80%₹3,092 Cr₹518 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

38 Weak

Data confidence 100/100

surveillance:ASM1

Category scores

Quality
51
Average
Returns, margins, earnings quality 22% weight
Valuation
43
Weak
Cheap vs sector & own history 24% weight
Growth
71
Strong
Sales & profit trajectory 9% weight
Financial Health
65
Good
Solvency, leverage, coverage 9% weight
Momentum
16
Poor
Trend strength, vol-adjusted 12% weight
Ownership
20
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 43.0% CAGR over last 5 years

Weaknesses

2
  • Company has a low return on equity of 12.9% over last 3 years.
  • Promoter holding has decreased over last 3 years: -3.30%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1144
OscillatorsBullish243
Moving AveragesStrong Bearish901

Key readings

RSI (14)
31.93
Neutral
MACD (12,26,9)
−62.13
Bearish
SMA (50)
524.48
Bearish
SMA (200)
486.63
Bearish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+39.69%
3Y+41.27%
1Y+35.26%
TTM+29.79%

Net profit

Net profit growth by window
5Y+34.49%
3Y+21.72%
1Y+26.44%
TTM+25.81%

Operating cash flow

Operating cash flow growth by window
5Y+26.54%
3Y+57.56%
1Y+30.39%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y−7.65 pp
3Y−12.29 pp
1Y−1.24 pp
TTM+0.36 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2019₹102 Cr
Mar 2020₹116 Cr
Mar 2021₹132 Cr
Mar 2022₹183 Cr
Mar 2023₹249 Cr
Mar 2024₹373 Cr
Mar 2025₹519 Cr
Mar 2026₹702 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2019₹17.00 Cr
Mar 2020₹18.00 Cr
Mar 2021₹25.00 Cr
Mar 2022₹41.00 Cr
Mar 2023₹61.00 Cr
Mar 2024₹76.00 Cr
Mar 2025₹87.00 Cr
Mar 2026₹110 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹53.40 Cr +4.1% vs Jun 26
Reported High Mean Low

Quarterly Results

₹ Cr
EMUDHRA quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
80
96
97
100
92
141
139
147
147
173
188
193
191
Expenses
56
68
73
67
66
109
109
112
113
132
147
151
141
Operating Profit
24
28
25
33
27
32
30
35
35
41
41
42
50
OPM %
30%
29%
25%
33%
29%
23%
22%
24%
24%
24%
22%
22%
26%
Other Income
1
0
2
3
3
1
2
2
3
2
3
3
2
Interest
0
0
1
1
0
1
0
0
0
1
1
3
1
Depreciation
5
5
5
6
6
6
6
6
7
9
9
9
12
PBT
20
23
20
29
24
27
25
31
31
33
34
33
38
Tax %
17%
19%
2%
28%
23%
18%
12%
22%
19%
20%
15%
11%
16%
Net Profit
16
19
20
21
18
22
22
24
25
26
29
30
32
EPS (₹)
2
2.35
2.58
2.54
2.16
2.65
2.53
2.88
3
3.05
3.46
3.5
3.88

Profit & Loss

₹ Cr
EMUDHRA profit and loss, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
102
116
132
183
249
373
519
702
745
Expenses
69
85
92
116
161
263
395
542
571
Operating Profit
32
32
40
67
87
110
124
159
174
OPM %
32%
27%
30%
37%
35%
29%
24%
23%
23%
Other Income
−2
0
1
1
5
7
8
12
10
Interest
0
1
1
5
3
3
1
5
6
Depreciation
8
9
9
13
16
21
24
34
40
PBT
22
23
31
50
73
93
107
131
138
Tax %
19%
20%
19%
18%
17%
18%
19%
16%
—
Net Profit
17
18
25
41
61
76
87
110
117
EPS (₹)
2.49
2.37
2.49
5.9
7.9
9.06
10.22
13.02
13.89
Div. Payout %
0%
0%
0%
21%
15%
13%
12%
10%
—

Balance Sheet

₹ Cr
EMUDHRA balance sheet, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
35
35
35
35
37
40
41
41
Reserves
41
57
72
118
354
616
705
870
Borrowings
29
42
51
67
25
8
0
29
Other Liabilities
15
25
33
39
43
86
123
274
Total Liabilities
120
159
192
259
460
750
868
1,213
Fixed Assets
62
62
125
117
162
253
419
727
CWIP
22
40
4
43
47
51
17
29
Investments
0
0
14
0
21
4
81
46
Other Assets
36
56
49
99
230
443
351
411
Total Assets
120
159
192
259
460
750
868
1,213

Cash Flow

₹ Cr
EMUDHRA cash flow, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
17
23
41
22
34
73
102
133
Investing
−32
−29
−47
−37
−102
−90
−204
−198
Financing
10
12
5
16
127
176
−21
22
Net Cash Flow
−5
7
−1
1
59
158
−124
−43
Free Cash Flow
−15
−5
6
−25
−28
−1
18
−52
CFO/EBITDA
62
86
110
39
56
76
91
93

Ratios

EMUDHRA financial ratios, annual
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
77
73
41
88
99
101
102
98
Inventory Days
5
22
14
26
13
32
16
27
Days Payable
83
115
68
177
223
261
358
420
Cash Conversion Cycle
−1
−20
−13
−62
−111
−128
−240
−294
Working Capital Days
42
29
9
15
107
112
100
88
ROCE %
—
20%
21%
28%
24%
18%
15%
16%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view eMudhra insights

68 extracted metrics across FY19–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 54.40%
  • Public 32.52%
  • DIIs 8.75%
  • FIIs 3.53%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about eMudhra

What does eMudhra Ltd do?
Emudhra is a licensed certifying authority involved in issuing digital signature certificates in India under its eMudhra brand. The company is licensed by the Controller of Certifying Authorities (CCA), Ministry of Information Technology, and operates under the guidelines set by the Information…
Where is eMudhra Ltd (EMUDHRA) listed?
eMudhra Ltd trades as EMUDHRA on the NSE and under code 543533 on the BSE.
Which sector does eMudhra Ltd belong to?
eMudhra Ltd is classified under the Information Technology sector, in the IT Enabled Services industry.
What is the PE ratio of eMudhra Ltd?
eMudhra Ltd trades at a PE ratio of 25.84 as of 4 Nov 2026, on earnings per share of ₹13.89, against a book value of ₹110.07 per share.
What is the 52-week high and low of eMudhra Ltd?
Over the last 52 weeks eMudhra Ltd has traded between ₹314 and ₹681.6 as of 4 Nov 2026.
Does eMudhra Ltd pay dividends?
eMudhra Ltd has a dividend yield of 0.36%.
What is the Return on Equity (ROE) of eMudhra Ltd?
eMudhra Ltd reported a return on equity of 12.60%. Its debt-to-equity ratio is 0.03.

Company Information

Emudhra is a licensed certifying authority involved in issuing digital signature certificates in India under its eMudhra brand. The company is licensed by the Controller of Certifying Authorities (CCA), Ministry of Information Technology, and operates under the guidelines set by the Information technology Act.

Website emudhra.com
CEO Mr. Venkatraman Srinivasan
Employees 669
Listed 1 Jun 2022
Face Value ₹5

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