eMudhra
eMudhra (EMUDHRA) share price was ₹345.95 at the 28 Oct 2026 close; market capitalisation ₹2,865 Cr; P/E (TTM) 24.91; sector Information Technology. The share price fell 47.0% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 29.5% year on year to ₹190.7 Cr and net profit rose 28.0% year on year to ₹32 Cr (compared with Jun 2025). Promoters held 54.40% of eMudhra in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 38/100 (Weak) as of 28 Oct 2026.
Key Fundamentals
MicrocapIT - ServicesInformation TechnologyPrice-based figures as of 28 Oct 2026, 15:52 IST · EPS basis: Consolidated · TTM
Peer Comparison
Information Technology › IT Enabled Services
| ₹4,088.10 | 32.83 | 43,369 Cr | 6.13 | 0.48% | 18.95% | 23.97% | 11,971 Cr | 1,322 Cr | |
| ₹1,692.80 | 38.04 | 29,044 Cr | 10.38 | 0.00% | 25.77% | 29.57% | 3,367 Cr | 764 Cr | |
| ₹653.55 | 47.63 | 26,538 Cr | 6.92 | 1.78% | 13.93% | 15.47% | 6,523 Cr | 558 Cr | |
| ₹4,403.90 | 96.01 | 26,180 Cr | 12.44 | 0.07% | 28.46% | 39.27% | 3,760 Cr | 260 Cr | |
| ₹45.29 | 21.36 | 21,202 Cr | 2.07 | 0.33% | 9.57% | 12.50% | 8,051 Cr | 994 Cr | |
| ₹1,411.00 | 41.56 | 19,878 Cr | 5.01 | 0.00% | 12.45% | 15.30% | 2,922 Cr | 478 Cr | |
| ₹1,271.70 | 104.24 | 14,906 Cr | 11.88 | 0.00% | 22.20% | 28.26% | 431 Cr | 123 Cr | |
| eMudhra (this company) | ₹345.95 | 24.91 | 2,865 Cr | 3.14 | 0.37% | 12.06% | 12.92% | 755 Cr | 117 Cr |
| Median 8 companies | ₹1,341.35 | 39.80 | 23,691 Cr | 6.53 | 0.20% | 16.44% | 19.72% | 3,563 Cr | 518 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live 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. How it works →
v2.0.0
Category scores
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
Oscillators
Bullish
Overall
Bearish
Moving Averages
Bearish
1 of 1 analyst rates Buy, 0 Hold, 0 Sell.
Updated 28 Oct 2026
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 26% · Jun 2026
Analyst Forecasts
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| 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
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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68 extracted metrics + investor summaries across FY19–FY27.
Documents
Frequently Asked Questions about eMudhra
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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.[1]
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