EMUDHRAInformation Technology

eMudhra Limited

IT Enabled Services · ISIN INE01QM01018 · BSE 543533 · NSE EQ · FV ₹5
Last price
₹633
-1.39%today
What this company does

eMudhra Limited operates in IT Enabled Services, part of the Information Technology sector. It booked ₹191 cr of revenue in its latest quarter (Q1 FY27) and kept 16.9% of sales as profit.

In the report:
64out of 100
Equitytale Health Score
Mixed

Healthier than 64% of companies in Information Technology, on all six measures of filed financials. Each measure is ranked against the 67–123 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
overbought
RSI (14)
72

At close. Not part of the score.

Profitability & returns60

How much profit it earns on the money it employs

Balance sheet73

How much it owes, and whether earnings cover the interest

Cash quality49

Whether reported profit actually arrives as cash

Growth & consistency84

Whether sales and profit have grown, and how steadily

Valuation26

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Looks broadly healthyPriced in line with peers
Strengths
Makes a profit
Strong 17% net margin
Sales up 29% vs last year
Profit up 29% vs last year
Promoters hold 54%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in EMUDHRA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹633 -1.39%
latest close · 2026-09-17
52-wk low ₹23663 sessions so far52-wk high ₹677
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio40.5High
LowAverageHigh
P/B ratio5.71High
Below bookModerateHigh
EV / EBITDA25.2High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity14.1%Fair
WeakFairStrong ▸15%
Return on capital14.9%Fair
WeakFairStrong
Net margin16.9%Strong
ThinDecentStrong
EBITDA margin26.9%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.03Comfortable
LowModerateHigh ▸1
Interest cover32.9×Strong
RiskyOkayStrong ▸5×
Current ratio2.76Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹5,201 cr
Book value
₹111
EPS
₹3.91
latest quarter
Net debt
₹-34 cr
more cash than debt
Enterprise value
₹5,166 cr
EBITDA
₹205 cr
annualised
EBIT
₹157 cr
annualised
Operating margin
20.6%
Return on assets
10.6%
Earnings yield
2.47%
P/S
6.82
Sales / share
₹92.9
Tax rate
16.1%
Face value
₹5
Shares
8.2 cr
Working capital
₹278 cr
Current assets
₹436 cr
Current liabilities
₹158 cr
Delivery %
47.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹69₹156, midpoint ₹84

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹191 cr
Other Income₹2 cr
Total Income₹192 cr
Cost of Materials₹76 cr
Purchases of Stock-in-Trade₹6 cr
Inventory Change (±)₹28.6 L
Employee Benefit Expense₹39 cr
Finance Costs₹1 cr
Depreciation & Amortisation₹12 cr
Other Expenses₹20 cr
Total Expenses₹154 cr
Profit before Tax₹38 cr
Tax Expense₹6 cr
Share of JV / Associates₹-1.8 L
Net Profit₹32 cr
Net margin on total income16.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹82 cr42.7%
Employee benefit expense₹39 cr20.1%
Finance costs₹1 cr0.6%
Depreciation & amortisation₹12 cr6.2%
Other expenses₹20 cr10.5%
Tax expense₹6 cr3.2%
Profit for the period₹32 cr16.6%
Total income ₹192 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue188 cr193 cr191 cr
Total income191 cr197 cr192 cr
Expenses157 cr163 cr154 cr
Profit before tax34 cr33 cr38 cr
Tax5 cr4 cr6 cr
Net profit (owners' share)29 cr29 cr32 cr
Net margin (owners' share, on revenue)15.2%15.0%16.9%
EPS (₹)3.503.533.91
YoY (latest quarter): total income +27.8% · net profit +29.2%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹1,213 cr
Shareholder equity
₹911 cr
parent shareholders
Total debt
₹24 cr
Cash
₹58 cr
Cash flow · H1 FY26
Operating
₹23 cr
Investing
₹-121 cr
Financing
₹8 cr
Peer comparison
IT Enabled Services · by market value
CompanyPriceMarket capP/E
L&T Technology Services Limited₹3,324₹35,238 cr25.1
Tata Technologies Limited₹759₹30,809 cr42.6
Inventurus Knowledge Solutions Limited₹1,729₹29,538 cr37.4
Netweb Technologies India Limited₹4,579₹26,070 cr76.4
Affle 3i Limited₹1,546₹21,734 cr42.3
SAGILITY LIMITED₹45₹20,851 cr24.2
Black Box Limited₹766₹13,611 cr60.8
Amagi Media Labs Limited₹574₹12,425 cr96.4
E2E Networks Limited₹604₹12,424 cr70.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.20%
trailing 12 months
Dividend / share (TTM)
₹1.25
Last dividend
₹1.25
ex 18 Jun 2026
ActionDetailEx-date
Dividend₹1.25 / share18 Jun 2026
Dividend₹1.25 / share18 Jun 2025
Dividend₹1.25 / share20 Jun 2024
Dividend₹1.25 / share22 Jun 2023
Dividend₹1.25 / share28 Jul 2022
Who owns it · 2026-06-30
No pledge
Promoter
54.4%
FII / Foreign
3.9%
DII / Domestic
10.6%
Retail / others
31.1%
Smart-money activity
Insider trades
SoldVijay Kumar M · Key Managerial Personnel45,000 · ₹1.6 cr25 Aug 22
SoldBADRI NARAYAN PANI · Key Managerial Personnel16,000 · ₹59.7 L24 Aug 22
SoldAshwin Jansale · Key Managerial Personnel80,000 · ₹2.9 cr24 Aug 22
Bulk / block deals
short · NSE1,63516 Sep 26
SoldSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE4.16 L @ ₹651.216 Sep 26
BoughtSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE4.16 L @ ₹651.8616 Sep 26
Stake changes
BoughtMrs. Mythili Srinivasan · promoter→ 15.40% · 1.27 cr4 Mar 25
SoldMrs. Mythili Srinivasan · promoter→ 17.35% · 1.27 cr4 Mar 25
SoldVenkatraman Srinivasan · promoter→ 17.35% · 1.27 cr4 Mar 25
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 13 Mar 2026
See the official result
1
Reappointment of Mr. Venkatraman Srinivasan (DIN:00640646) as Executive Chairman of the company, who is attaining the age of 70 years on May 26, 2026
Promoters had a personal stake in this
Backed by 97% of shareholders other than promotersneeded 75%
1.78 cr votes for, 5.59 L against · 6% of mutual funds and other big investors said no
2
Appointment of Mr. Kaushik Srinivasan (DIN:02634925) as a Whole-Time Director
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 75%
1.82 cr votes for, 1.29 L against · 1% of mutual funds and other big investors said no
3
Appointment of Mr. Arvind Srinivasan(DIN: 02547313) as a Director
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
1.83 cr votes for, 15,567 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 5 named members
owning 54.4% between them · as of 2026-06-30
Venkatraman Srinivasan17.36%
Taarav Pte Ltd16.72%
Mythili Srinivasan15.40%
Arvind Srinivasan3.81%
Kaushik Srinivasan1.12%
Business done with them
FY2025 · 4 of the group
The company paid ₹6 cr to companies in the promoter group last year — about 1.1% of its ₹519 cr revenue.
VENKATRAMAN SRINIVASAN
Other payments to them · AS PER DETAIL TAGING
also owns 17.36% of the company
₹3 cr
company paid
Taarav PTE Limited
Other payments to them · AS PER DETAIL TAGING
also owns 16.72% of the company
₹2 cr
company paid
Arvind Srinivasan
Other payments to them · AS PER DETAIL TAGING
also owns 3.81% of the company
₹39.4 L
company paid
Kaushik Srinivasan
Other payments to them · AS PER DETAIL TAGING
also owns 1.12% of the company
₹11.6 L
company paid

The company also transacted with 8 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹19 cr raised in Jan 2024 by selling shares to large investors

As of Mar 2025, the company says it has spent 100% of what it set aside. CRISIL Ratings Limited watches the spending on the exchange’s behalf.

Funding of expenditure relating to product development by the Company and by eMudhra INC, one of the Subsidiaries
100%
₹4 cr of ₹4 cr
Investment in eMudhra INC for funding their working capital requirements
100%
₹3 cr of ₹3 cr
Funding the Company's inorganic growth initiatives by itself or by investing in its Indian and /or Overseas Subsidiaries
100%
₹9 cr of ₹9 cr
General corporate purposes
100%
₹4 cr of ₹4 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.