eMudhra

Why is eMudhra Ltd falling/rising?

As of 30-Jul, eMudhra Ltd's stock price is at 455.80, with a slight increase today but a downward trend over the past days and significant declines over the year. The stock's long-term performance is poor, with a year-to-date drop of -19.68% and reduced institutional interest, indicating ongoing challenges.

As of 30-Jul, eMudhra Ltd's stock price is currently at 455.80, reflecting a change of 1.6 (0.35%) upwards. Despite this slight increase today, the stock has been experiencing a downward trend, having fallen for the last three consecutive days with a total decline of -1.89% during that period. Over the past week, the stock has underperformed, showing a decrease of -0.37%, while the benchmark Sensex has increased by +2.01%.<BR><BR>In terms of longer-term performance, eMudhra Ltd has faced significant challenges, with a year-to-date decline of -19.68% and a staggering -41.61% drop over the past year. This underperformance is notable compared to the Sensex, which has only decreased by -8.56% in the same timeframe. Additionally, the stock has shown poor performance over the last three years, with a decline of -5.09%, while the Sensex has risen by +17.79%.<BR><BR>While there are some positive indicators, such as a high management efficiency reflected in a return on equity (ROE) of 15.50% and consistent positive results over the last 16 quarters, these factors are overshadowed by the stock's overall poor performance and falling participation from institutional investors, who have reduced their stake by -1.99% in the last quarter. This decline in institutional interest suggests a lack of confidence in the stock's future prospects.<BR><BR>Overall, while there is a minor uptick in the stock price today, the broader context of declining returns, poor long-term performance, and reduced institutional participation indicates that eMudhra Ltd is facing significant challenges that contribute to its overall downward trajectory.

Which are the latest news on eMudhra?

Are eMudhra Ltd latest results good or bad?

eMudhra Ltd's latest results show strong profit growth with a net profit increase of 11.02% quarter-on-quarter, but a slight decline in net sales raises concerns. While profitability is solid, the stock's significant underperformance and high valuation suggest challenges ahead.

eMudhra Ltd's latest results present a mixed picture. On one hand, the company reported a net profit of ₹32.15 crore for Q1 FY27, which is an increase of 11.02% quarter-on-quarter and 29.22% year-on-year. This growth in profit is complemented by a significant operating margin of 26.01%, the highest in seven quarters, indicating improved operational efficiency.<BR><BR>However, net sales for the quarter were ₹190.72 crore, reflecting a slight decline of 1.39% compared to the previous quarter. While the year-on-year sales growth of 29.48% is impressive, the sequential decline raises concerns about potential seasonal factors or project completions affecting revenue.<BR><BR>The stock has faced considerable pressure, down 39.53% over the past year, which is significantly worse than the broader market. This underperformance, coupled with a high valuation—trading at a P/E ratio of 35 times—suggests that the market is skeptical about the sustainability of eMudhra's growth and profitability.<BR><BR>In summary, while eMudhra has shown strong profit growth and operational improvements, the decline in sales and significant stock underperformance indicate challenges that investors should consider. Overall, the results can be seen as good in terms of profitability but concerning regarding revenue trends and market sentiment.

Should I buy, sell or hold eMudhra Ltd?

What does eMudhra do?

eMudhra Ltd provides digital signatures and authentication solutions, operating in the small-cap software and consulting industry. As of March 2026, it reported net sales of ₹193 Cr and a net profit of ₹29 Cr, with a market cap of ₹3,959 Cr.

Overview: <BR>eMudhra Ltd provides digital signatures, authentication solutions, and paperless office solutions, operating in the Computers - Software & Consulting industry within the small-cap market.<BR><BR>History: <BR>eMudhra Limited was incorporated on 16 June 2008 and is a licensed certifying authority under the Information Technology Act, 2000. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 193 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 29 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 3,959 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 36.00 <BR>Industry P/E: 20 <BR>Dividend Yield: 0.26% <BR>Debt-Equity: -0.09 <BR>Return on Equity: 11.83% <BR>Price to Book: 4.41 <BR><BR>Contact Details: <BR>Registrar Address: Not available. <BR>Phone: N/A <BR>Email: N/A <BR>Website: N/A

How big is eMudhra?

As of 10th June, eMudhra Ltd has a market capitalization of 3,959.00 Cr, with net sales of 701.59 Cr and a net profit of 107.79 Cr in the latest four quarters. Shareholder's funds are 911.13 Cr and total assets are 1,213.43 Cr as of March 2026.

As of 10th June, eMudhra Ltd has a market capitalization of 3,959.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, eMudhra reported net sales of 701.59 Cr and a net profit of 107.79 Cr.<BR><BR>For the latest annual period ending March 2026, eMudhra's shareholder's funds amounted to 911.13 Cr, while total assets were reported at 1,213.43 Cr.

Who are in the management team of eMudhra?

The management team of eMudhra includes Executive Chairman V Srinivasan, Whole-time Director Venumadhava, and Company Secretary Johnson Xavier, along with Independent Directors Manoj Pundalik Kunkalienkar, Nandlal Laxminarayan Sarda, Chandra Lakshminarayan Iyer, and Chandrasekar Padmanabhan. This team provides diverse expertise for the company's governance and operations.

The management team of eMudhra includes the following individuals:<BR><BR>1. **V Srinivasan** - Executive Chairman<BR>2. **VENUMADHAVA** - Whole-time Director<BR>3. **Johnson Xavier** - Company Secretary & Compliance Officer<BR><BR>Additionally, the board features several Independent Directors:<BR><BR>1. **Manoj Pundalik Kunkalienkar**<BR>2. **Nandlal Laxminarayan Sarda**<BR>3. **Chandra Lakshminarayan Iyer**<BR>4. **Chandrasekar Padmanabhan**<BR><BR>This team brings a diverse range of expertise to the company, contributing to its governance and operational strategies.

Who are the peers of the eMudhra?

eMudhra's peers include Mastek, ASM Technologies, Datamatics Global, Aurionpro Solutions, Network People, Sasken Technologies, 63 Moons Technologies, and R Systems International. eMudhra has good management risk and growth, with a 1-year return of -37.11%, outperforming Aurionpro Solutions but underperforming ASM Technologies.

Peers: The peers of eMudhra are Mastek, ASM Technologies, Datamatics Glob., Aurionpro Sol., Network People, Sasken Technol., 63 Moons Tech., and R Systems Intl.<BR><BR>Quality Snapshot: Excellent management risk is observed at Mastek, Network People, and R Systems Intl., while Average management risk is found at ASM Technologies, Datamatics Glob., Aurionpro Sol., and Sasken Technol., and the rest. Good management risk is attributed to eMudhra. For growth, Excellent growth is noted at ASM Technologies, Aurionpro Sol., and Network People, while Good growth is seen at eMudhra, and the rest exhibit Below Average growth. In terms of Capital Structure, Excellent capital structure is present in Mastek, Datamatics Glob., Aurionpro Sol., Network People, Sasken Technol., and R Systems Intl., while Good capital structure is found at ASM Technologies, and the rest have Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is ASM Technologies at 49.09%, while the lowest is Aurionpro Sol. at -44.91%. eMudhra's 1-year return is -37.11%, which is higher than Aurionpro Sol. but lower than ASM Technologies. Additionally, the peers with negative six-month returns include Mastek, Aurionpro Sol., R Systems Intl., and eMudhra.

How has been the historical performance of eMudhra?

eMudhra has shown significant growth from March 2020 to March 2025, with net sales increasing from 116.45 crore to 519.39 crore, and profit after tax rising from 18.42 crore to 87.23 crore. Total assets expanded from 158.71 crore to 868.13 crore, indicating robust revenue and profitability growth.

Answer:<BR>The historical performance of eMudhra shows significant growth in various financial metrics over the years.<BR><BR>Breakdown:<BR>eMudhra's net sales have increased from 116.45 crore in March 2020 to 519.39 crore in March 2025, reflecting a strong upward trend. The total operating income has followed a similar trajectory, rising from 116.45 crore to 519.39 crore during the same period. Total expenditure, excluding depreciation, has also grown, reaching 395.45 crore in March 2025, up from 84.51 crore in March 2020. Operating profit (PBDIT) has shown consistent improvement, climbing from 32.29 crore in March 2020 to 132.39 crore in March 2025. Profit before tax has increased from 23.02 crore to 107.40 crore, while profit after tax has risen from 18.42 crore to 87.23 crore. The consolidated net profit has reached 84.64 crore in March 2025, up from 16.65 crore in March 2020. The company's total assets have expanded significantly from 158.71 crore in March 2020 to 868.13 crore in March 2025, while total liabilities have also increased from 158.71 crore to 868.13 crore. Cash flow from operating activities has improved from 23 crore in March 2020 to 101 crore in March 2025, although cash flow from investing activities has seen a negative trend, reaching -204 crore in March 2025. Overall, eMudhra has demonstrated robust growth in revenue and profitability over the years, alongside a substantial increase in assets.

Is eMudhra technically bullish or bearish?

As of September 4, 2025, eMudhra's technical trend has shifted to a bearish stance, supported by bearish MACD, Bollinger Bands, and moving averages, along with underperformance against the Sensex.

As of 4 September 2025, the technical trend for eMudhra has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this assessment include a bearish MACD on the weekly chart, bearish Bollinger Bands on both weekly and monthly time frames, and bearish moving averages on the daily chart. Additionally, the Dow Theory indicates a mildly bearish trend on both weekly and monthly levels. The stock has underperformed significantly compared to the Sensex over various periods, further supporting the bearish outlook.

Who are the top shareholders of the eMudhra?

The top shareholders of eMudhra include promoter Venkatraman Srinivasan with 17.36%, mutual funds with 7.93%, Foreign Institutional Investors (FIIs) at 4.23%, and public shareholder Lakshmi Kaushik with 6.88%, while individual investors collectively hold 9.94%.

The top shareholders of eMudhra include several key players. The majority shareholders are the promoters, with Venkatraman Srinivasan holding the highest individual stake at 17.36%. Additionally, there are mutual funds involved, with 8 schemes collectively holding 7.93% of the shares. Foreign Institutional Investors (FIIs) hold 4.23% through 56 different entities. The highest public shareholder is Lakshmi Kaushik, who owns 6.88%. Individual investors collectively hold 9.94% of the company's shares.

Is eMudhra overvalued or undervalued?

As of June 14, 2022, eMudhra is considered very expensive with a PE ratio of 72.77, significantly higher than peers like Tata Consultancy Services and Infosys, and has underperformed the Sensex with a year-to-date return of -21.38%.

As of 14 June 2022, eMudhra's valuation grade moved from does not qualify to very expensive, indicating a significant shift in its market perception. The company is currently overvalued, with a PE ratio of 72.77, a Price to Book Value of 8.26, and an EV to EBITDA of 48.19. These ratios highlight a premium valuation compared to its peers.<BR><BR>In comparison, Tata Consultancy Services Ltd. and Infosys Ltd. have PE ratios of 25.23 and 24.32, respectively, suggesting that eMudhra's valuation is substantially higher than these established players in the software and consulting industry. Additionally, eMudhra's PEG ratio stands at 5.72, further illustrating its overvaluation relative to peers. The company's recent stock performance has also underperformed the Sensex, with a year-to-date return of -21.38% compared to the Sensex's 5.56%, reinforcing the notion of overvaluation.

When is the next results date for eMudhra?

No Upcoming Board Meetings

Has eMudhra declared dividend?

Yes, eMudhra Ltd has declared a dividend of 25% (₹1.25 per share) with an ex-date of June 20, 2024. While the company has shown strong long-term returns, recent performance has resulted in negative total returns over the last 6 months and 1 year.

eMudhra Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 25%<BR>- Amount per share: 1.25<BR>- Ex-date: Jun-20-2024<BR><BR>Dividend Yield: 0.17%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, eMudhra experienced a price return of -15.96%, a dividend return of 0.14%, resulting in a total return of -15.82%.<BR><BR>Over the past year, the price return was -6.75%, with a dividend return of 0.29%, leading to a total return of -6.46%.<BR><BR>In a 2-year period, the company had a price return of 80.37%, a dividend return of 0.91%, culminating in a total return of 81.28%.<BR><BR>For the 3-year period, eMudhra saw a price return of 188.73%, a dividend return of 2.03%, which resulted in a total return of 190.76%.<BR><BR>Over the last 4 years, there was no price return or dividend return, leading to a total return of 0.0%.<BR><BR>In the 5-year period, the company also recorded no price return or dividend return, resulting in a total return of 0.0%.<BR><BR>Overall, while eMudhra has declared a dividend, the total returns over the shorter periods have been negative, indicating challenges in the company's performance recently, despite strong returns over longer periods.