Info Edge (India) Ltd
Info Edge (India) Ltd
Retail F&OKey Fundamentals
MidcapE-ServicesRetailInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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46 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
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, the parent of Naukri.com, trades at a market cap of ~Rs 86,804 Cr with a P/E of 45.7x. The company is virtually debt-free and has grown standalone revenue at a 14% TTM rate (FY25 standalone revenue ~Rs 2,654 Cr), but its reported ROE remains low at ~1.5% over three years, heavily influenced by a large other-income component of Rs 1,227 Cr embedded in earnings.
- Virtually debt-free balance sheet provides significant financial flexibility and downside protection
- Strong 5-year profit CAGR of ~39% and TTM profit growth of 43% demonstrate improving monetisation
- Standalone billings grew 15% YoY to Rs 2,882 Cr in FY25, indicating healthy forward revenue visibility
- 10-year revenue CAGR of 16% and 5-year revenue CAGR of 24% show sustained top-line momentum
- Healthy dividend payout ratio of 42.4% signals shareholder-friendly capital allocation
- Non-recruitment verticals (99acres, Shiksha) grew 22-29% YoY in recent quarters, diversifying revenue away from Naukri
- Operating profit margin of 33-37% on standalone basis with cash from operations of Rs 536 Cr in Q4 FY25 reflects capital-light model
- 10-year stock CAGR of 23% reflects long-term compounding track record
- 3-year average ROE of just 1.48% is extremely low for a company of this scale, indicating poor capital efficiency
- P/E of 45.7x is elevated relative to the 14% TTM revenue growth, implying demanding valuations
- Earnings include other income of Rs 1,227 Cr, making core operating profit quality difficult to assess
- Recruitment business (Naukri) grew only 3.4% YoY in Q4 FY24, indicating cyclical vulnerability in the core segment
- 1-year stock CAGR of just 1% suggests the market has already priced in near-term growth
- P/B ratio of 2.3x combined with sub-2% ROE implies the equity base is generating very low returns on book value
- Dividend yield of 0.63% offers minimal income cushion at current valuations
- 3-year ROE of 1% vs 5-year ROE of 3% shows deteriorating capital return trend in recent years
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q1FY27 profit down 6% QoQ Aug 11
Consolidated net profit declined 6% quarter-on-quarter in Q1FY27 due to lower pre-tax earnings, despite 12% YoY revenue growth.
- CodingNinjas posts net loss Jul 29
Info Edge invested ₹10 crore in wholly-owned subsidiary CodingNinjas for working capital; the e-learning unit reported ₹97.43 crore turnover in FY26 but remained loss-making.
- AI tools driving recruitment growth Aug 11
Info Edge is deploying AI Rex and Talent Pulse to grow recruitment beyond market trends. Job Hai targets ₹100 crore revenue in 2-3 years from current ₹15 crore, while 99acres targets cash generation by FY27 with 30%+ long-term margins.
- NCLAT clears merger scheme Jul 28
NCLAT allowed Info Edge's appeal and dispensed with shareholder/creditor meetings for amalgamation of four wholly-owned subsidiaries, citing no prejudice to stakeholders.
- ₹88.20 Cr invested in Redstart Labs Jul 31
Info Edge has deployed ₹88.20 crore of an approved ₹100 crore investment into wholly-owned subsidiary Redstart Labs, with the balance expected within six months.
- Institutional block trades totalling ₹74 Cr Jul 28
Two block trades executed on NSE — ₹25.87 crore at ₹1,236/share on Jul 28 and ₹48.48 crore at ₹1,210.30/share on Jul 21 — indicating institutional-level activity.
- AGM set for Aug 25, ₹3.60 dividend Aug 1
Info Edge's 31st AGM is scheduled for August 25, 2026 via video conferencing. Board recommended a final dividend of ₹3.60 per share with record date of July 24.
- Investor meets scheduled Aug 2026 Aug 7
Four virtual one-on-one meetings with institutional investors including Ethos Invest and Aberdeen scheduled in August 2026 per SEBI regulations.
- July 2026 Jobspeak Index released Aug 3
Info Edge published its monthly Naukri Jobspeak Index for July 2026 on August 3, tracking Indian hiring trends via recruiter data.
- Independent Director term ends Jul 20
Ashish Gupta ceased as Independent Director on July 20, 2026 upon completing his second term.
TL;DR: Info Edge shows steady top-line growth at 12% YoY but near-term profitability dipped 6% QoQ. The company is investing aggressively in AI-powered tools and scaling newer verticals like Job Hai and 99acres toward profitability. Subsidiary losses (CodingNinjas) and margin pressure remain risks. The forward outlook is constructive as multiple business lines target cash generation and revenue milestones over the next 2-3 years.
Quarterly Results
| 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
| 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
| 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
| 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
| 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% |
Documents
Frequently Asked Questions about Info Edge (India) Ltd
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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]