MarketFriction

eMudhra Ltd

NSE EMUDHRA · BSE 543533 · IT Enabled Services
₹580.00 -2.77%
NSE close2026-10-01
52 week range364.55 - 690.90
Market cap₹5,189 Cr.
P/E45.1
IPO 2022 · +127% since Price band 20% Delivery 35.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales969710092141139147147173188193191
Expenses68736766109109112113132147151141
Operating Profit282533273230353541414250
OPM %29%25%33%29%23%22%24%24%24%22%22%26%
Other Income023312232332
Interest011010-001131
Depreciation5566666799912
Profit before tax232029242725313133343338
Tax %19%2%28%23%18%12%22%19%20%15%11%16%
Net Profit192021182222242526293032
EPS in Rs2.352.582.542.162.652.532.883.003.053.463.503.88
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales102116132183249373519702745
Expenses698592116161263395542571
Operating Profit3232406787110124159174
OPM %32%27%30%37%35%29%24%23%23%
Other Income-20115781210
Interest011533156
Depreciation899131621243440
Profit before tax222331507393107131138
Tax %19%20%19%18%17%18%19%16%
Net Profit17182541617687110117
EPS in Rs2.492.372.495.907.909.0610.2213.0213.89
Dividend Payout %0%0%0%21%15%13%12%10%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%40%41%30%
Compounded Profit Growth%43%19%26%
Stock Price CAGR%%10%-6%
Return on Equity%15%13%13%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital3535353537404141
Reserves415772118354616705870
Borrowings29425167258029
Other Liabilities152533394386123274
Total Liabilities1201591922594607508681,213
Fixed Assets6262125117162253419727
CWIP224044347511729
Investments001402148146
Other Assets36564999230443351411
Total Assets1201591922594607508681,213
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity172341223473102133
Cash from Investing Activity-32-29-47-37-102-90-204-198
Cash from Financing Activity1012516127176-2122
Net Cash Flow-57-1159158-124-43
Free Cash Flow-15-56-25-28-118-52
CFO/OP62%86%110%39%56%76%91%93%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days777341889910110298
Inventory Days522142613321627
Days Payable8311568177223261358420
Cash Conversion Cycle-1-20-13-62-111-128-240-294
Working Capital Days422991510711210088
ROCE %20%21%28%24%18%15%16%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters57.70%57.70%54.40%54.40%54.40%54.40%54.40%54.40%54.40%54.40%54.40%54.40%
FIIs4.30%3.85%4.20%4.17%4.40%5.04%4.23%4.20%4.15%4.16%3.13%3.92%
DIIs8.47%9.12%14.45%14.36%15.03%14.85%15.98%16.01%16.74%16.75%13.33%10.55%
Public29.55%29.35%26.94%27.08%26.17%25.72%23.60%23.76%23.37%23.54%28.21%31.12%
Others0.00%0.00%0.00%0.00%0.00%0.00%1.80%1.64%1.35%1.15%0.93%0.00%
No. of Shareholders66,03070,56173,65078,82480,88482,17580,01779,50779,35376,82669,64670,010

Fundamentals

Market Cap₹ 5,189 Cr.
Current Price₹ 627
Stock P/E45.1
Book Value₹ 110
ROCE15.7 %
ROE12.6 %
Dividend Yield0.20 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)30%
Compounded Profit Growth (TTM)26%
Consolidated figures.
Valuation
Market capRs 4,689 Cr
Enterprise valueRs 4,451 Cr
P/E (TTM)40.75x
Price to book7.14x
Price to sales6.29x
EV / EBITDA24.20x
EV / EBIT30.81x
EV / sales5.97x
Price to cash flow64.65x
Earnings yield2.45%
Dividend yield0.22%
P/E, 3-year average53.82x
P/B, 3-year average6.72x
P/E, 5-year average53.82x
P/B, 5-year average6.72x
Profitability
Operating margin (excl. other income)29.46%
Operating margin (incl. other income)31.22%
EBITDA margin24.69%
Pre-tax margin18.57%
Net profit margin15.44%
Net margin, latest quarter16.86%
ROE14.33%
ROCE17.70%
ROA12.41%
ROE, 3-year average22.94%
ROCE, 3-year average23.62%
ROA, 3-year average15.97%
ROE, 5-year average21.23%
ROCE, 5-year average22.53%
ROA, 5-year average13.97%
ROIC (approx.)28.44%
Tax rate17.60%
Other income / net worth1.00%
Growth
Sales growth (latest year)49.99%
Profit growth (latest year)21.69%
Sales CAGR, 3 years41.54%
Sales CAGR, 5 years29.72%
Profit CAGR, 3 years62.60%
Profit CAGR, 5 years33.90%
Sales growth QoQ-1.39%
Profit growth QoQ11.02%
Sales growth YoY (latest quarter)29.48%
Profit growth YoY (latest quarter)29.22%
Per share
EPS (TTM)Rs 14.23
EPS (latest year)Rs 9.28
EPS (latest quarter)Rs 3.98
EPS, 3-year averageRs 7.80
EPS, 5-year averageRs 5.65
Book value per shareRs 81.18
Sales per shareRs 92.16
Cash flow per shareRs 8.97
Free cash flow per shareRs -6.43
Dividend per share (latest year)Rs 1.25
Dividend per share, 3-year averageRs 1.25
Dividend per share, 5-year averageRs 1.25
Dividends
Dividend payout13.46%
Dividend payout, 3-year average16.61%
Dividend payout, 5-year average16.61%
Efficiency
Asset turnover0.50x
Fixed asset turnover1.48x
Inventory turnover42.72x
Inventory days9 days
Debtor days101 days
Debtors turnover3.61x
Creditor days420 days
Cash conversion cycle-294 days
Working capital days88 days
Leverage
Total debtRs 8 Cr
Cash and bankRs 245 Cr
Net debtRs -238 Cr
Debt to equity0.01x
Net debt / EBITDA-1.29x
Interest coverage23.80x
Current ratio (filing 2026-03-31)2.76x
Quick ratio (filing 2026-03-31)2.74x
Trade payables (filing 2026-03-31)Rs 60 Cr
Owners' fund to total sources87.51%
Debt to assets1.02%
Cash flow
Cash from Operating Activity (latest year)Rs 73 Cr
Cash from Investing Activity (latest year)Rs -90 Cr
Cash from Financing Activity (latest year)Rs 176 Cr
Net Cash Flow (latest year)Rs 158 Cr
Free cash flow (latest year)Rs -52 Cr
FCFE (approx.: FCF + change in debt)Rs -70 Cr
Cash from ops / profit, 5 years0.97x
Sales to cash flow5.15x
Statement figures
Net sales (TTM)Rs 745 Cr
Net sales (latest year)Rs 373 Cr
Sales (latest quarter)Rs 191 Cr
Operating profit excl. other income (latest year)Rs 110 Cr
Operating profit (latest quarter)Rs 50 Cr
Other income (TTM)Rs 10 Cr
EBITDA (TTM)Rs 184 Cr
PBDT (TTM)Rs 178 Cr
Profit before tax (TTM)Rs 138 Cr
Tax (latest year)Rs 16 Cr
Net profit (TTM)Rs 115 Cr
Net profit (latest year)Rs 75 Cr
Net profit (latest quarter)Rs 32 Cr
Depreciation (TTM)Rs 40 Cr
Depreciation (latest quarter)Rs 12 Cr
Interest (TTM)Rs 6 Cr
Cost of goods sold (latest year)Rs 126 Cr
Total expenditure (latest year)Rs 263 Cr
Total income (latest year)Rs 380 Cr
Share capitalRs 40 Cr
ReservesRs 616 Cr
Shareholders' fundsRs 656 Cr
Total assetsRs 750 Cr
Net blockRs 253 Cr
Capital work in progressRs 51 Cr
InvestmentsRs 4 Cr
ReceivablesRs 103 Cr
InventoryRs 3 Cr
Other liabilitiesRs 86 Cr
Shares outstanding (crore)8.08
Ownership
Promoter holding54.40% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 40.8 is at the 13th percentile of its own 4.4-year range (median 136.0, low 29.4, high 352.6).
P/B 7.14 is at the 6th percentile (median 29.93).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodEMUDHRANifty 50Difference
1 week-12.0%-2.8% -9.3 pts
1 month+8.8%-6.8% +15.6 pts
3 months+32.8%-7.6% +40.4 pts
6 months+55.0%+0.4% +54.6 pts
1 year-10.5%-9.9% -0.6 pts
2 years-32.9%-13.6% -19.3 pts
3 years+24.1%+14.2% +9.9 pts
4 mutual fund schemes hold about ₹306 Cr. Over three months 0 bought more and 4 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Small Cap Fund0.34%280 -11%
Nippon India Innovation Fund0.82%25 -13%
SBI Technology Opp Fund0.00%0 -100%
Motilal Oswal BSE 1000 Index Fund0.01%0 -12%

Red flags

F-score 3 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹191 Cr +29.9% vs Jun 2025. Net profit ₹32 Cr +28.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-06-18Dividend - Rs1.25 Per Share
2025-06-18Dividend - Rs 1.25 Per Share
2024-06-20Annual General Meeting/Dividend - Rs 1.25 Per Share
2023-06-22Annual General Meeting/Dividend - Rs 1.25 Per Share
2022-07-28Dividend - Rs 1.25 Per Share
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of eMudhra Ltd?

eMudhra Ltd (EMUDHRA) has a market capitalisation of Rs 5,189 Cr. at the 2026-10-01 close.

What is the P/E ratio of eMudhra Ltd?

eMudhra Ltd trades at a P/E of 45.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were eMudhra Ltd's latest quarterly results?

In the Jun 2026 quarter, eMudhra Ltd sales was Rs 191 Cr (+29.9% vs Jun 2025) and net profit was Rs 32 Cr.

What is the 52-week high and low of eMudhra Ltd?

The 52-week high is Rs 690.90 and the 52-week low is Rs 364.55.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03