eMudhra Limited share price

NSE: EMUDHRA · ISIN INE01QM01018

Key numbers

Market cap
₹ 5,361 Cr
Current price
₹ 653.45
52-week high / low
₹ 691 / 365
Stock P/E
46.9
Book value
₹ 111.1
Dividend yield
0.19%
ROCE
16.2%
ROE
13.0%
Debt to equity
0.03
Sales growth (3 yrs)
41.3%
Profit growth (3 yrs)
20.5%
1-year return
-3.1%

About eMudhra Limited

eMudhra Limited provides trust and enterprise solutions to individuals and organizations in India, North America, Europe, the Middle East, Africa, and the Asia Pacific. The company provides solutions such as emSigner paperless workflow, SecurePass identity and authentication management, Certinext certificate issuance and life cycle management; ID broker; data discovery and management platform; and emSign trust services. It serves corporate, retail, and private banking sectors. eMudhra Limited was incorporated in 2008 and is based in Bengaluru, India.

Quarterly results

Consolidated figures in ₹ crores

Mar 2025Jun 2025Dec 2025Mar 2026Jun 2026
Sales147147188193191
Operating profit3535414250
Net profit2425292932
EPS (₹)2.943.053.503.533.91

Concall summary (2026-08-04)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

  • Finally, from an outlook perspective, our guidance remains unchanged from what we shared in the previous quarter, that is to achieve an organic growth of 18% and work towards achieving a PAT growth of 2 5%.
  • Our total income for Q1 FY27 was INR 1,925 million, marking a 27.8% YoY growth.

Growth & demand

  • During the quarter, our total income grew by 28% YoY to INR 1,925 million, while EBITDA increased by over 40% to INR 504 million, taking our EBITDA margin to 26.2%.
  • Of the 28% growth in total income, approximately 13% was contributed by the Cryptas acquisition, while the balance reflects healthy organic growth across our core businesses led by continued strength in our Enterprise Solution portfolio.

Margins & costs

  • Profit after tax grew 28% YoY to INR 320 million, with PAT margin remaining healthy at 16.6%.
  • EBITDA for the quarter was INR 504 billion, registering a 40.4% over YoY growth with a margin of 26.2%.

Capex & expansion

  • We remain focused on driving profitable product -led growth, expanding our international footprint, executing our UAE Trust Service launch, and maintaining disciplined EBITDA and PAT margin while continuing to invest in innovation.
  • Mid-sized bank may not have that kind of spending capacity, but definitely large bank, government, central government agency, like critical data center installations for state governments, etc., have that kind of deal value capacity for the product.

Balance sheet & cash

  • On the one side, with a high leverage, if you try to do, then the return on equity can be better.
  • But as a strategy, we do not want to borrow more and then create borrowing burden.

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