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eMudhra Limited (EMUDHRA.NS)

INR454.45 -4.25 (-0.93%)
IN NSE Technology Software - Application
Address eMudhra Digital Campus 562149
Bengaluru, KA, IN
CEO Kaushik Srinivasan
IPO 2022-06-01
ISIN INE01QM01018

Explore sections of this company profile

Also trades on Bombay Stock Exchange · EMUDHRA.BO (INR) National Stock Exchange of India · EMUDHRA.NS (INR)
Description

eMudhra Limited provides trust and enterprise solutions to individuals and organizations worldwide. The company provides enterprise signing solutions, such as emSinger enterprise signing suite, esign, digital stamp, and eBG; digital security solutions, which include emCA-certifiying authority solutions, identity and access management, and certificate lifecycle management; digital trust services, including private trust services, SSL/TL, code signing, email encryption, document signing, and IoT certificates, as well as emsign CertHub; and emSign managed services comprises public key infrastructure and identity management, and security services. It also offers emSinger enterprise and emSinger for banks; bulksign; and remote sign as-a-services. The company has a strategic partnership with LankaPay (Private) Limited to enable digital signatures across Sri Lanka’s financial and public sector ecosystems. The company was incorporated in 2008 and is based in Bengaluru, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR454.45 -4.25 (-0.93%)
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Volume Profile
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Liquidity & share structure
Average Volume
136.0K
Beta
0.14
Float Shares
24.00M
Free Float %
29.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-6.00% -7.97% -1.86% -5.69% -24.49% -16.83% -35.80% +38.51% +82.71% +82.71% +82.71%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
454.45
DCF (Levered) 230.85 -49.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
8.93
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Software - Application: +13.0%
    +35.1% Q1'26: +31.7% (vs Q1'25)
  • EPS growth Software - Application: +28.6%
    +27.4% Q1'26: +21.5% (vs Q1'25)
  • FCF margin FCF growth · Software - Application: +45.3%
    +10.2% Q1'26: -24.4% (vs Q1'25)
  • EBIT margin Software - Application: +9.4%
    +17.8% Q1'26: +17.0% (vs Q1'25)
  • ROIC Software - Application: +7.5%
    +12.6% Q1'26: +14.1% (vs Q1'25)
  • Share dilution Software - Application: +0.0%
    0.0% Q1'26: -0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×
    0.18× Q1'26: 0.17× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.28) × ERP
WACC = 99% × Ke + 1% × Kd (17.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 454.45
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
2.49B
est: 2.43B (+2.3%)
3.73B
est: 3.75B (-0.4%)
5.19B
est: 5.21B (-0.2%)
7.12B
7.12B – 7.12B
+36.7% YoY
9.08B
9.08B – 9.08B
+27.6% YoY
11.36B
11.36B – 11.36B
+25.2% YoY
EBITDA
925.57M
est: 781.12M (+18.5%)
1.16B
est: 1.20B (-3.2%)
1.24B
est: 1.58B (-21.8%)
2.17B
2.17B – 2.17B
+36.7% YoY
2.76B
2.76B – 2.76B
+27.6% YoY
3.46B
3.46B – 3.46B
+25.2% YoY
EBIT
767.64M
est: 633.45M (+21.2%)
955.59M
est: 976.00M (-2.1%)
1.00B
est: 1.29B (-22.2%)
1.76B
1.76B – 1.76B
+36.7% YoY
2.24B
2.24B – 2.24B
+27.6% YoY
2.81B
2.81B – 2.81B
+25.2% YoY
Net Income
616.77M
est: 645.96M (-4.5%)
750.64M
est: 803.32M (-6.6%)
846.38M
est: 869.22M (-2.6%)
1.08B
1.08B – 1.08B
+24.8% YoY
1.39B
1.39B – 1.39B
+28.2% YoY
1.81B
1.81B – 1.81B
+30.4% YoY
SGA
207.15M
est: 180.60M (+14.7%)
290.93M
est: 278.26M (+4.6%)
305.83M
est: 417.42M (-26.7%)
570.60M
570.60M – 570.60M
+36.7% YoY
727.94M
727.94M – 727.94M
+27.6% YoY
911.19M
911.19M – 911.19M
+25.2% YoY
EPS
8.35
est: 7.80 (+7.1%)
9.74
est: 9.70 (+0.4%)
10.41
est: 10.50 (-0.9%)
13.10
13.10 – 13.10
+24.8% YoY
16.80
16.80 – 16.80
+28.2% YoY
21.90
21.90 – 21.90
+30.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
741.77M
OE per share TTM
8.94
Owner's Yield
1.74%
Maintenance CapEx ratio
77.81%
Maint CapEx / Avg PPE
35.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 2 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.01% 92.8K 0.65%
2 State Street SPDR Portfolio Emerging Markets ETF SPEM 0.00% 172.7K 0.07%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.47M
Shares Outstanding
82.04M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Venu Madhava Executive Vice President of Legal & HR and Whole Time Director 6M male
Biju Varghese Executive Vice President of Business Asia Pacific Region 6M male
Janarthanan Senior Vice President & Head of Customer Success 5M male
A. Kiran Senior Vice President of Customer Operations & Admin 4M male
Ritesh Raj Pariyani Chief Financial Officer 4M male
Johnson Xavier Company Secretary & Compliance Officer 3M male
Kaushik Srinivasan Executive VP of Product Engineering, Technology & India Sales and Whole Time Director 1M male
Scott Rea Executive Vice President & Strategic Global Advisor male
Venkatraman Srinivasan Founder & Executive Chairman male
Arvind Srinivasan Executive VP of International Sales, Strategy & Marketing and Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits