eMudhra Limited

BSE: EMUDHRA543533ISIN INE01QM01018

Information Technology
IT Enabled Services
BSE 1000

Share price

₹358.90+9.65 (+2.76%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹677.50
52W low: ₹312.55
Off 52W high: -47.03%
1M return: -40.02%
3M return: -31.45%
6M return: -28.54%
1Y return: -43.86%
20D avg volume: 1,05,983
50 DMA: ₹524.62
200 DMA: ₹486.72

Key ratios Consolidated

Market cap: ₹2,802 Cr
Current price: ₹358.90
52W high / low: ₹677.50 / ₹312.55
Face value: ₹5.00
P/E: 25.40
P/B: —
EPS (TTM): ₹14.13
Book value / share: —
ROE: —
ROCE: 12.90%
Operating margin: —
Net margin: —
Debt / equity: 0.03
Net debt: ₹-34.36 Cr
Interest cover: 26.90
Dividend yield: 0.35%
Dividend / share (TTM): ₹1.25
Payout: 8.85%
Cash conversion cycle: 69.1 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	190.72	193.40	188.01	172.88	147.30	146.88	138.85	141.22	92.44	99.69	97.38	96.30
	1.74	3.15	3.05	2.07	3.32	2.38	2.04	1.45	2.58	3.41	2.13	0.40
	192.46	196.55	191.06	174.95	150.62	149.26	140.89	142.67	95.02	103.10	99.51	96.70
	154.28	163.43	156.96	141.93	119.55	118.05	115.48	115.54	71.37	73.73	79.03	73.67
	75.85	79.52	70.91	65.52	61.00	59.57	64.62	62.57	24.47	22.75	24.28	24.11
	6.06	12.91	18.29	14.56	8.99	11.65	4.50	6.04	8.32	9.62	9.82	12.05
	38.65	37.83	37.90	36.38	26.70	24.03	23.99	23.12	21.82	19.40	20.59	21.08
	1.20	2.87	1.08	0.91	0.20	0.11	0.31	0.68	0.27	1.35	1.00	0.39
	11.98	9.17	8.96	9.40	6.73	6.06	6.23	6.01	5.53	5.58	5.28	5.23
	20.27	20.68	19.83	17.91	16.13	16.99	—	—	—	—	—	—
	38.17	33.12	34.10	33.02	31.07	31.21	25.40	27.13	23.65	29.37	20.47	23.04
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	38.17	33.12	34.10	33.02	31.07	31.21	25.40	27.13	23.65	29.37	20.47	23.04
	6.16	3.55	5.09	6.58	6.05	6.87	3.00	4.83	5.45	8.16	0.46	4.27
	32.00	29.57	29.00	26.44	25.02	24.34	22.40	22.30	18.20	21.20	20.01	18.77
	3.91	3.53	3.50	3.09	3.05	2.94	2.58	2.71	2.21	2.62	2.65	2.43
Key metrics
	51.35	45.16	44.14	43.33	38.00	37.38	31.94	33.82	29.45	36.30	26.75	28.66
	26.90%	23.40%	23.50%	25.10%	25.80%	25.40%	23.00%	23.90%	31.90%	36.40%	27.50%	29.80%
	16.80%	15.30%	15.40%	15.30%	17.00%	16.60%	16.10%	15.80%	19.70%	21.30%	20.50%	19.50%
	—	3.40%	—	3.70%	—	4.10%	—	—	—	—	—	—
	29.50%	31.70%	35.40%	22.40%	59.30%	47.30%	42.60%	46.60%	—	—	—	—
	27.90%	21.50%	29.50%	18.60%	37.50%	14.80%	11.90%	18.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	745.01	701.58	519.38	373.12	248.76	182.64
	10.01	11.60	8.45	6.92	5.30	1.10
	755.02	713.18	527.84	380.04	254.06	183.74
	616.60	581.87	420.44	287.38	180.68	133.28
	291.80	276.94	211.23	88.86	30.05	11.99
	51.82	54.75	30.51	35.44	28.76	31.13
	150.76	138.81	92.96	81.29	64.36	46.81
	6.06	5.07	1.16	3.00	3.38	5.27
	39.51	34.25	23.83	20.81	15.85	13.07
	78.69	74.55	59.21	—	—	26.42
	138.41	131.31	107.40	92.66	73.38	50.46
	0.00	0.00	0.00	0.00	0.00	0.00
	138.41	131.31	107.40	92.66	73.38	50.46
	21.38	21.27	20.16	16.31	12.18	9.32
	117.01	110.04	87.23	76.35	61.20	41.14
	14.03	13.14	10.41	9.74	8.35	5.86
Key metrics
	183.98	170.63	132.39	116.47	92.61	68.80
	24.69%	24.30%	25.50%	31.20%	37.20%	37.70%
	15.71%	15.70%	16.80%	20.50%	24.60%	22.50%
	—	12.90%	14.10%	—	—	—
	29.74%	35.10%	39.20%	50.00%	36.20%	—
	24.40%	26.10%	14.30%	24.80%	48.80%	—
	—	-52.52	18.42	—	—	—
	—	1.21	1.16	—	—	—
	—	0.03	0.00	—	—	—
	—	-34.36	-101.25	—	—	—
	—	69.1	81.1	—	—	—
Balance sheet
	—	1,213	868.13	—	—	—
	—	435.56	426.21	—	—	—
	—	58.23	101.25	—	—	—
	—	189.21	145.47	—	—	—
	—	3.90	1.40	—	—	—
	—	118.82	81.28	—	—	—
	—	133.95	114.80	—	—	—
	—	60.09	31.43	—	—	—
	—	157.80	97.36	—	—	—
	—	23.87	0.00	—	—	—
	—	10.88	0.00	—	—	—
	—	12.99	0.00	—	—	—
	—	912.59	747.28	—	—	—
Cash flow
	—	132.85	101.62	—	—	—
	—	-225.05	-211.34	—	—	—
	—	21.89	-21.35	—	—	—
	—	185.37	83.20	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	66.11	78.25	72.89	62.01	55.51	61.44	46.09	56.00	39.43	58.30	45.40	53.16
	1.26	3.02	1.43	1.42	2.33	2.69	1.99	1.70	2.76	0.50	0.78	3.28
	67.37	81.27	74.32	63.43	57.84	64.13	48.08	57.70	42.19	58.80	46.17	56.44
	50.77	69.71	59.47	54.45	49.74	53.32	43.27	49.26	39.22	41.64	45.66	42.08
	20.39	24.40	21.01	17.93	13.80	15.75	12.97	14.64	5.90	9.71	3.72	3.80
	1.77	15.87	10.65	10.28	8.99	11.65	4.50	6.04	8.32	9.62	9.82	12.05
	13.73	13.89	15.27	15.69	14.71	13.63	14.33	15.05	14.82	12.95	14.42	15.14
	0.03	1.56	0.00	0.00	0.00	-0.42	0.01	0.22	0.21	1.11	0.45	0.38
	4.10	3.96	4.00	4.01	3.98	3.68	3.86	3.85	3.85	4.18	3.94	3.90
	10.47	9.58	8.58	7.55	8.44	9.17	—	—	—	—	—	—
	16.60	11.56	14.85	8.98	8.10	10.81	4.82	8.45	2.97	17.16	0.52	14.36
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	16.60	11.56	14.85	8.98	8.10	10.81	4.82	8.45	2.97	17.16	0.52	14.36
	4.18	3.36	3.17	2.28	2.28	3.75	1.43	2.34	0.86	4.76	0.12	3.97
	12.42	8.20	11.67	6.70	5.83	7.05	3.39	6.11	2.11	12.40	0.40	10.39
	1.50	0.99	1.41	0.81	0.70	0.85	0.41	0.74	0.26	1.56	0.05	1.33
Key metrics
	20.73	17.08	18.85	12.99	12.08	14.07	8.69	12.52	7.03	22.45	4.91	18.64
	31.40%	21.80%	25.90%	20.90%	21.80%	22.90%	18.90%	22.40%	17.80%	38.50%	10.80%	35.10%
	18.80%	10.50%	16.00%	10.80%	10.50%	11.50%	7.40%	10.90%	5.40%	21.30%	0.90%	19.50%
	—	2.20%	—	1.60%	—	1.90%	—	—	—	—	—	—
	19.10%	27.40%	58.10%	10.70%	40.80%	5.40%	1.50%	5.30%	—	—	—	—
	113.00%	16.30%	244.20%	9.70%	176.30%	-43.10%	747.50%	-41.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	279.26	268.67	202.96	183.26	164.02	153.02
	7.13	8.19	9.14	7.95	5.65	0.72
	286.39	276.86	212.10	191.21	169.67	153.74
	234.40	233.37	185.06	162.56	142.69	114.69
	83.73	77.14	49.27	19.58	18.77	13.96
	38.57	45.78	30.51	35.44	28.55	30.23
	58.58	59.56	57.84	57.44	49.16	37.33
	1.59	1.57	0.03	2.20	3.38	5.26
	16.07	15.95	15.23	15.42	12.34	10.51
	36.18	34.15	30.65	—	—	18.84
	51.99	43.49	27.05	28.65	26.98	39.05
	0.00	0.00	0.00	—	—	—
	51.99	43.49	27.05	28.65	26.98	39.05
	12.99	11.09	8.38	8.03	7.00	9.01
	38.99	32.39	18.66	20.62	19.97	30.04
	4.71	3.91	2.25	2.61	2.60	4.28
Key metrics
	69.65	61.01	42.31	46.27	42.70	54.82
	24.94%	22.70%	20.80%	25.20%	26.00%	35.80%
	13.96%	12.10%	9.20%	11.30%	12.20%	19.60%
	—	7.50%	4.80%	—	—	—
	27.49%	32.40%	10.70%	11.70%	7.20%	—
	74.22%	73.60%	-9.50%	3.30%	-33.50%	—
	—	35.35	11.34	—	—	—
	—	1.64	2.03	—	—	—
	—	0.00	0.00	—	—	—
	—	-20.35	-20.02	—	—	—
	—	26.2	63.7	—	—	—
Balance sheet
	—	668.72	598.49	—	—	—
	—	195.07	199.30	—	—	—
	—	20.35	20.02	—	—	—
	—	62.19	52.24	—	—	—
	—	2.18	1.40	—	—	—
	—	53.60	34.94	—	—	—
	—	108.03	114.22	—	—	—
	—	45.11	18.19	—	—	—
	—	67.19	36.91	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	579.16	545.27	—	—	—
Cash flow
	—	53.07	37.97	—	—	—
	—	-42.40	-163.92	—	—	—
	—	-10.35	-10.52	—	—	—
	—	17.72	26.63	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +17.88%
Sales CAGR 5Y: —
Profit CAGR 3Y: +17.49%
Profit CAGR 5Y: —
Sales YoY (TTM): +27.49%
Profit YoY (TTM): +74.22%

Consolidated

Sales CAGR 3Y: +41.29%
Sales CAGR 5Y: —
Profit CAGR 3Y: +21.60%
Profit CAGR 5Y: —
Sales YoY (TTM): +29.74%
Profit YoY (TTM): +24.40%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 54.41%

Quarter	September 2026	June 2026
Promoter %	54.41%	54.41%

Holder	Type	Holding	Previous	Change
VENKATRAMAN SRINIVASAN	Promoter	17.36%	17.36%	0.00%
TAARAV PTE LTD	Promoter	16.72%	16.72%	0.00%
MYTHILI SRINIVASAN	Promoter Group	15.40%	15.40%	0.00%
LAKSHMI KAUSHIK	Public	6.91%	6.91%	0.00%
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA INNOVATION FUND	Public	6.73%	—	—
AISHWARYA ARVIND	Public	4.20%	4.20%	0.00%
ARVIND SRINIVASAN	Promoter Group	3.81%	3.81%	0.00%
ACACIA PARTNERS, LP	Public	1.32%	1.32%	0.00%
KAUSHIK SRINIVASAN	Promoter Group	1.12%	1.12%	0.00%
BARING PRIVATE EQUITY INDIA AIF 2	Public	1.11%	1.11%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
L&T Technology Services Limited	43,872	4,135.15	28.29	22.00%	+2.45% TTM	+21.63% TTM	+1.03%
INVENTURUS KNOWLEDGE SOLUTIONS LIMITED	30,034	1,750.50	39.32	29.80%	—	—	+5.39%
Tata Technologies Limited	26,489	652.35	47.05	15.00%	+21.87% TTM	-18.79% TTM	-4.98%
NETWEB TECHNOLOGIES INDIA LIMITED S	24,158	4,063.75	66.02	39.30%	+174.95% TTM	+170.58% TTM	+11.89%
AFFLE 3I LIMITED	22,875	1,623.30	46.99	15.30%	+20.28% TTM	+18.55% TTM	-11.48%
Sagility Limited	20,411	43.60	19.89	12.50%	+28.49% TTM	+28.48% TTM	-15.44%
BLACK BOX LIMITED	14,351	808.05	63.50	15.70%	+12.20% TTM	+5.06% TTM	+47.51%
ESDS Software Solution Limited	13,993	1,193.85	—	—	—	—	—
Amagi Media Labs Limited	12,643	574.30	—	5.20%	—	—	—
Cyient Limited	11,659	1,112.95	28.87	10.60%	+10.34% TTM	-34.26% TTM	-3.81%
E2E Networks Limited	10,693	520.20	—	—	—	—	—
Datamatics Global Services Limited	4,313	729.70	18.99	15.60%	+11.14% TTM	-2.61% TTM	-20.78%
R Systems International Limited	3,195	269.60	14.42	—	+26.71% TTM	+17.37% TTM	-35.24%
eMudhra Limited	2,802	358.90	25.40	12.90%	+29.74% TTM	+24.40% TTM	-43.86%
BLS E-Services Limited	2,699	148.55	18.58	16.30%	+51.33% TTM	+8.21% TTM	+47.01%
Protean eGov Technologies Limited	2,681	657.50	32.46	11.70%	+21.39% TTM	-13.25% TTM	-24.19%
Sasken Technologies Limited	2,665	1,754.30	30.54	8.60%	+51.46% TTM	+112.55% TTM	+29.56%
ZAGGLE PREPAID OCEAN SERVICES LIMITED	2,221	165.20	17.06	13.10%	+44.48% TTM	+33.82% TTM	-54.38%
BRIGHTCOM GROUP LIMITED	1,725	8.55	1.70	13.50%	+33.30% TTM	+33.05% TTM	-35.33%
AURUM PROPTECH LIMITED	1,606	210.10	29.57	2.20%	+68.15% TTM	+286.42% TTM	+22.36%
XTRANET TECHNOLOGIES LIMITED	1,467	280.50	—	—	—	—	—
KS Smart Technologies Limited	1,383	84.30	17.88	36.90%	—	—	+11.61%
CEINSYS TECH LIMITED	1,357	647.90	10.22	22.00%	+32.16% TTM	+59.97% TTM	-55.67%
Dynacons Systems & Solutions Ltd.	1,277	1,002.45	15.03	31.50%	+10.51% TTM	+13.99% TTM	+9.94%
EXPLEO SOLUTIONS LIMITED	1,272	819.50	9.23	20.60%	+10.42% TTM	+38.06% TTM	-18.55%

Filings & corporate actions

Recent announcements

Press Release on the unaudited financial results of the company for the quarter and half year ended September 30, 20264 Nov 2026 · Company Update / Press Release / Media Release
Unaudited Financial Results for the quarter and half year ended September 30, 20264 Nov 2026 · Result / Financial Results
Outcome of the Board Meeting held on November 04, 20264 Nov 2026 · Board Meeting / Outcome of Board Meeting
Intimation under Regulation 30 - Appointment of KPMG for independent Review in connection with the reported incident.30 Oct 2026 · Company Update / General
Revision in SES ESG Rating28 Oct 2026 · Company Update / General
Review of Credit rating by ICRA Limited23 Oct 2026 · Company Update / Credit Rating
eMudhra to exit global SSL/TLS certificate business; will sharpen focus on core enterprise solutions and trust services other than SSL/TLS22 Oct 2026 · Company Update / Press Release / Media Release
eMudhra statement on distress of select Global TLS Intermediate and one Root CA21 Oct 2026 · Company Update / Press Release / Media Release
Schedule of Earnings Call under Regulation 30 (6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to be held on November 05, 2026, at 04:00 PM (IST)19 Oct 2026 · Company Update / Analyst / Investor Meet
Emudhra Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve unaudited Standalone And Consolidated ....13 Oct 2026 · Board Meeting / Board Meeting
Certificate under Reg 74(5) of SEBI(DP) Regulations, 20185 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading window pursuant to SEBI (Prohibition of Insider Trading ) Regulations, 201530 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Schedule of Analyst/Investor Meet to be held on September 24, 202621 Sep 2026 · Company Update / Analyst / Investor Meet
Schedule of Analyst/Investor Meet to be held on September 24, 202618 Sep 2026 · Company Update / Analyst / Investor Meet
Press Release titled "GLEIF welcomes eMudhra as a validation agent, expanding LEI Access through its Digital Trust ecosystem"13 Sep 2026 · Company Update / Press Release / Media Release
Schedule of Analyst/Investor Meet to be held on September 03, 202628 Aug 2026 · Company Update / Analyst / Investor Meet
Schedule of Analyst/Investor Meet to be held on September 01, 202627 Aug 2026 · Company Update / Analyst / Investor Meet
Schedule of Analyst/Investor Meet to be held on August 31, 202626 Aug 2026 · Company Update / Analyst / Investor Meet
Schedule of Analyst/Investor Meet to be held on August 26, 202622 Aug 2026 · Company Update / Analyst / Investor Meet
Schedule of Analyst/Investor Meet to be held on August 27, 202620 Aug 2026 · Company Update / Analyst / Investor Meet
Closure of complaint by the Economic Offence Wing, Navi Mumbai Commissionerate in relation to allegations made by 3i Infotech Limited18 Aug 2026 · Company Update / General
Schedule of Analyst/Investor Meet6 Aug 2026 · Company Update / Analyst / Investor Meet
Schedule of Investor Meet to be held on Friday, August 07, 2026 at 02:00 P.M. (IST)4 Aug 2026 · Company Update / Analyst / Investor Meet
Transcript of the Earning Call held on July 30, 20264 Aug 2026 · Company Update / Analyst / Investor Meet
Audio recording of the Earnings Call for the quarter ended June 30, 202630 Jul 2026 · Company Update / Analyst / Investor Meet
Earnings Presentation on the financial results of the company for the quarter ended June 30, 202630 Jul 2026 · Company Update / Investor Presentation
Newspaper Advertisement of the unaudited financial results of the company for the quarter ended June 30, 202630 Jul 2026 · Company Update / Newspaper Publication
Press Release on the unaudited financial results for the quarter ended 30 June 2026.29 Jul 2026 · Company Update / Press Release / Media Release
Financial results for the quarter ended June 30, 202629 Jul 2026 · Result / Financial Results
Outcome of the Board Meeting held on July 29, 202629 Jul 2026 · Board Meeting / Outcome of Board Meeting
Schedule of Group Investor Meet29 Jul 2026 · Company Update / Analyst / Investor Meet
Schedule of Earnings Call under Regulation 30 (6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to be held on July 30 2026 at 04:00 PM (IST)21 Jul 2026 · Company Update / Analyst / Investor Meet
Emudhra Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/07/2026 ,inter alia, to consider and approve the unaudited Standalone And Consolidated ....14 Jul 2026 · Board Meeting / Board Meeting
Certificate under Reg 74(5) of SEBI(DP) Regulations, 20188 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of SES ESG Rating6 Jul 2026 · Company Update / General
Closure of Trading Window pursuant to SEBI (Prohibition of Insider Trading) Regulations, 201530 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of ESG Rating assigned by CRISIL Ratings29 Jun 2026 · Company Update / General
Credit Rating assigned by ICRA Limited29 Jun 2026 · Company Update / Credit Rating
Scrutinizer''s Report of the 18th Annual General Meeting26 Jun 2026 · AGM/EGM / AGM
Proceedings of the 18th Annual General Meeting of the company held on June 25, 2026.25 Jun 2026 · AGM/EGM / AGM

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.2500	18 Jun 2026	18 Jun 2026	—
Final Dividend - Rs. - 1.2500	18 Jun 2025	18 Jun 2025	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
29 Jul 2026 Board Meeting - Financial Results