Info Edge
Info Edge
Retail F&OKey Fundamentals
MidcapE-ServicesRetailTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company is almost debt free.
- Company has delivered good profit growth of 38.6% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 42.4%
Weaknesses
2- Company has a low return on equity of 1.48% over last 3 years.
- Earnings include an other income of Rs.1,227 Cr.
Growth Rate
AI Analysis — Bull vs Bear
Info Edge (India) Ltd is listed under Retail in the source data, but it runs online classifieds (Naukri, 99acres, Jeevansathi, Shiksha) and holds large stakes in listed and unlisted startups. At a market cap of about Rs 80,573 Cr, it trades at 41.3x earnings and 2.08x book. Sales have grown at 14% TTM and 12% over 3 years, and profit at 43% TTM and 62% over 3 years. Return on equity is low at about 1.48% over 3 years, and earnings include Rs 1,227 Cr of other income.
- Profit has grown fast: 39% CAGR over 5 years (38.6% per the known pros), 62% over 3 years and 43% TTM.
- The company is almost debt free. That gives it balance-sheet flexibility and keeps interest costs low for a business with a Rs 80,573 Cr market cap.
- Revenue has kept compounding: 16% CAGR over 10 years and 24% over 5 years, with TTM sales still growing at 14%.
- Dividend payout is healthy at 42.4%, which suggests the core operations generate cash.
- Implied book value is roughly Rs 38,700 Cr (market cap divided by the 2.08x P/B). Much of this reflects large investment holdings, so the market may be discounting the holdings, which could mean hidden value.
- Over the long run the stock has compounded at 22% CAGR over 10 years, which shows the franchise has created value over a full cycle.
- Over 3 years the stock returned 14% CAGR, recovering from the weak 5-year figure of -1% CAGR.
- Return on equity is very low: 1.48% average over 3 years, 3% over 5 and 10 years, and 2% last year. Capital employed earns little on a consolidated basis.
- Earnings include Rs 1,227 Cr of other income. Implied earnings are about Rs 1,950 Cr (market cap / P/E), so other income is roughly 60% or more of reported profit. That makes the headline profit growth less clearly driven by operations.
- At a P/E of 41.3 the valuation is high next to a 3-year sales CAGR of 12% and TTM sales growth of 14%, leaving little room for error if growth slows.
- Revenue growth is slowing: 24% CAGR over 5 years, 12% over 3 years and 14% TTM.
- The stock has done poorly recently: -5% over 1 year and -1% CAGR over 5 years. Profit growth has not turned into shareholder returns in the medium term.
- The 62% 3-year and 43% TTM profit growth rates likely come partly off a low or loss-affected base and from volatile investment-linked items, so they may not be sustainable.
- The dividend yield is modest at 0.69% even with a 42.4% payout, so income investors get little at current valuations.
- The core recruitment business (Naukri) depends on the hiring cycle, especially IT hiring. That exposes the 14% TTM sales growth to a slowdown in hiring.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Permanent CFO Himanshu Agarwal appointed Sep 14
Info Edge named Himanshu Agarwal as CFO and Additional Director, replacing interim CFO Ambarish Raghuvanshi. Naresh Chand Gupta also joined as Independent Director, which fills a key finance role and adds to the board.
- September analyst and investor meetings Sep 22
Info Edge has analyst and institutional investor meetings planned through September 2026, including on Sep 25 and Sep 28, with CEO Vineet Ranjan attending events in Gurugram, Mumbai and Noida. No new financial or operational details were disclosed with the announcements.
- ₹10 crore infusion into SIHL Sep 7
The board approved a ₹10 crore cash investment in wholly-owned subsidiary Startup Investments (Holding) Limited to fund tech investments and AIF contributions. The amount is small compared with Info Edge's overall investment portfolio.
- August 2026 Naukri Jobspeak released Sep 7
Info Edge published its monthly Naukri Jobspeak Index for August 2026, which tracks hiring trends by industry, city and experience level using Naukri.com data. The articles gave no headline index figures or year-on-year change, so the hiring direction can't be judged from this data.
TL;DR: This period's news about Info Edge is mostly routine corporate updates, with no negative developments reported. The clearest positive is a permanent CFO replacing an interim one, along with a new independent director. The ₹10 crore SIHL infusion and regular investor meetings point to business as usual rather than any change in direction. No financial data was disclosed, so the trend looks stable. The next things to watch are the August Jobspeak figures for hiring momentum and any guidance shared at the late-September investor meetings.
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 | 626 | 626 | 627 | 657 | 677 | 701 | 722 | 750 | 791 | 805 | 819 | 869 | 881 |
| Expenses | 445 | 496 | 444 | 453 | 467 | 547 | 457 | 517 | 531 | 526 | 525 | 536 | 540 |
| Operating Profit | 181 | 130 | 183 | 204 | 210 | 154 | 266 | 232 | 260 | 280 | 294 | 334 | 341 |
| OPM % | 29% | 21% | 29% | 31% | 31% | 22% | 37% | 31% | 33% | 35% | 36% | 38% | 39% |
| Other Income | 64 | 212 | 38 | -11 | 154 | 379 | 141 | 546 | 209 | 187 | 136 | 572 | 331 |
| Interest | 4 | 8 | 5 | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 6 |
| Depreciation | 24 | 26 | 26 | 26 | 26 | 27 | 30 | 31 | 31 | 31 | 30 | 30 | 34 |
| PBT | 217 | 308 | 190 | 162 | 332 | 500 | 371 | 742 | 431 | 429 | 393 | 869 | 632 |
| Tax % | 32% | 22% | 37% | 46% | 22% | 83% | 22% | 9% | 20% | 19% | 19% | 13% | 22% |
| Net Profit | 147 | 240 | 119 | 88 | 259 | 85 | 288 | 678 | 343 | 348 | 317 | 756 | 490 |
| EPS in Rs | 2.46 | 3.18 | 2.34 | 0.93 | 3.6 | 0.36 | 3.74 | 7.15 | 4.57 | 4.88 | 4.19 | 8.73 | 6.87 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 732 | 748 | 888 | 988 | 1,151 | 1,312 | 1,128 | 1,589 | 2,346 | 2,536 | 2,850 | 3,285 | 3,375 |
| Expenses | 711 | 656 | 896 | 769 | 1,142 | 1,662 | 1,054 | 1,143 | 1,997 | 1,825 | 1,976 | 2,098 | 2,126 |
| Operating Profit | 21 | 91 | -9 | 219 | 9 | -350 | 74 | 446 | 348 | 711 | 874 | 1,186 | 1,249 |
| OPM % | 2.9% | 12% | -1% | 22% | 0.8% | -27% | 7% | 28% | 15% | 28% | 31% | 36% | 37% |
| Other Income | 89 | 111 | 50 | 401 | 737 | 286 | 1,584 | 13,810 | -116 | 303 | 1,220 | 1,099 | 1,227 |
| Interest | 4 | 3 | 4 | 5 | 7 | 14 | 11 | 11 | 18 | 35 | 36 | 42 | 27 |
| Depreciation | 47 | 24 | 33 | 30 | 22 | 48 | 45 | 45 | 73 | 101 | 113 | 123 | 126 |
| PBT | 60 | 175 | 5 | 585 | 716 | -126 | 1,602 | 14,200 | 141 | 878 | 1,945 | 2,121 | 2,322 |
| Tax % | 124% | 33% | 935% | 14% | 17% | 95% | 12% | 9% | 150% | 32% | 33% | 17% | — |
| Net Profit | -14 | 118 | -43 | 501 | 592 | -246 | 1,418 | 12,882 | -70 | 595 | 1,310 | 1,763 | 1,910 |
| EPS in Rs | 0.4 | 2.24 | -0.39 | 8.41 | 9.89 | -3.88 | 22 | 198 | -1.66 | 8.89 | 14.85 | 22.36 | 24.67 |
| Div. Payout % | 150% | 27% | -230% | 13% | 12% | -31% | 7% | 1% | -228% | 49% | 40% | 38% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 120 | 121 | 121 | 122 | 122 | 122 | 129 | 129 | 129 | 129 | 129 | 130 |
| Reserves | 1,295 | 1,422 | 1,471 | 1,923 | 2,421 | 2,073 | 5,267 | 17,113 | 13,269 | 30,133 | 34,774 | 37,784 |
| Borrowings | 1 | 1 | 1 | 1 | 1 | 77 | 65 | 64 | 108 | 246 | 267 | 259 |
| Other Liabilities | 801 | 382 | 459 | 550 | 646 | 621 | 831 | 3,177 | 3,153 | 5,581 | 7,600 | 9,387 |
| Total Liabilities | 2,217 | 1,925 | 2,053 | 2,596 | 3,189 | 2,893 | 6,292 | 20,483 | 16,658 | 36,089 | 42,771 | 47,559 |
| Fixed Assets | 576 | 82 | 157 | 88 | 88 | 242 | 134 | 1,033 | 801 | 810 | 785 | 750 |
| CWIP | 12 | 0 | 1 | 0 | 2 | 0 | 0 | 0 | 4 | 0 | 3 | 18 |
| Investments | 1,175 | 568 | 551 | 1,565 | 1,204 | 1,133 | 2,324 | 15,614 | 12,403 | 31,203 | 37,661 | 42,299 |
| Other Assets | 455 | 1,276 | 1,343 | 943 | 1,895 | 1,518 | 3,834 | 3,836 | 3,450 | 4,077 | 4,322 | 4,492 |
| Total Assets | 2,217 | 1,925 | 2,053 | 2,596 | 3,189 | 2,893 | 6,292 | 20,483 | 16,658 | 36,089 | 42,771 | 47,559 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 51 | 78 | 213 | 253 | 276 | 350 | 276 | 707 | 512 | 702 | 876 | 1,076 |
| Investing | -1,051 | -2 | -165 | -149 | -59 | 97 | -2,043 | -1,177 | -358 | -852 | -818 | -611 |
| Financing | 1,025 | -66 | -42 | -75 | -78 | -143 | 1,880 | 35 | 2 | 120 | -127 | -363 |
| Net Cash Flow | 25 | 11 | 7 | 29 | 138 | 304 | 113 | -435 | 156 | -29 | -69 | 102 |
| Free Cash Flow | -390 | 45 | 198 | 240 | 76 | 244 | 268 | 515 | 385 | 673 | 793 | 1,003 |
| CFO/OP | 615 | 178 | -3,492 | 173 | 4,866 | -135 | 499 | 201 | 225 | 142 | 140 | 118 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 12 | 6 | 4 | 2 | 2 | 3 | 2 | 7 | 2 | 2 | 2 | 1 |
| Cash Conversion Cycle | 12 | 6 | 4 | 2 | 2 | 3 | 2 | 7 | 2 | 2 | 2 | 1 |
| Working Capital Days | -151 | 242 | 185 | -27 | 218 | 27 | 582 | 350 | 158 | 133 | 167 | 142 |
| ROCE % | 2% | 12% | 3% | 15% | 4% | -13% | 4% | 23% | 3% | 4% | 3% | 3% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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61 extracted metrics + investor summaries across FY11–FY27.
Documents
Frequently Asked Questions about Info Edge
What does Info Edge (India) Ltd do?
Where is Info Edge (India) Ltd (NAUKRI) listed?
Which sector does Info Edge (India) Ltd belong to?
What is the market capitalisation of Info Edge (India) Ltd?
What is the PE ratio of Info Edge (India) Ltd?
What is the 52-week high and low of Info Edge (India) Ltd?
Does Info Edge (India) Ltd pay dividends?
What is the Return on Equity (ROE) of Info Edge (India) Ltd?
Company Information
Info Edge is India’s premier online classified company with a portfolio of brands. It owns various brands in different fields like naukri.com (online recruitment), 99acres.com (online real estate), jeevansathi.com (online matrimonial) as well as shiksha.com (online education information services). It also acts as an investor and has invested in many start-ups in the online space and is actively growing its investment portfolio. [1]
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