About
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.
Key Metrics
as of Sep 2026Market Cap4,346 Cr
P/E37.80
Div Yield0.24 %
Book Value₹110.00
52w High₹721.00
52w Low₹365.00
Face Value₹5.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 66.00 | 78.00 | 73.00 | 62.00 | 56.00 | 61.00 | 46.00 | 56.00 | 39.00 | 58.00 | 45.00 | 53.00 | 26.00 |
| Expenses | 47.00 | 64.00 | 55.00 | 50.00 | 46.00 | 50.00 | 39.00 | 45.00 | 35.00 | 36.00 | 41.00 | 38.00 | 30.00 |
| Operating Profit | 19.00 | 14.00 | 17.00 | 12.00 | 10.00 | 11.00 | 7.00 | 11.00 | 4.00 | 22.00 | 4.00 | 15.00 | -3.00 |
| OPM % | 29.00 | 18.00 | 24.00 | 19.00 | 18.00 | 19.00 | 15.00 | 19.00 | 11.00 | 38.00 | 9.00 | 29.00 | -12.00 |
| Other Income | 1.00 | 3.00 | 1.00 | 1.00 | 2.00 | 3.00 | 2.00 | 2.00 | 3.00 | 0.00 | 1.00 | 3.00 | 3.00 |
| Depreciation | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 3.00 |
| Interest | 0.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 17.00 | 12.00 | 15.00 | 9.00 | 8.00 | 11.00 | 5.00 | 8.00 | 3.00 | 17.00 | 1.00 | 14.00 | -3.00 |
| Tax % | 25.00 | 29.00 | 21.00 | 25.00 | 28.00 | 35.00 | 30.00 | 28.00 | 29.00 | 28.00 | 23.00 | 28.00 | -24.00 |
| Net Profit | 12.00 | 8.00 | 12.00 | 7.00 | 6.00 | 7.00 | 3.00 | 6.00 | 2.00 | 12.00 | 0.00 | 10.00 | -3.00 |
| EPS in Rs | 1.50 | 0.99 | 1.41 | 0.81 | 0.70 | 0.85 | 0.41 | 0.74 | 0.25 | 1.50 | 0.05 | 1.33 | -0.33 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 269.00 | 203.00 | 183.00 | 164.00 | 153.00 | 109.00 | 103.00 | 90.00 | 73.00 | 67.00 | 43.00 | 35.00 |
| Expenses | 216.00 | 170.00 | 145.00 | 127.00 | 99.00 | 82.00 | 81.00 | 67.00 | 54.00 | 51.00 | 33.00 | 29.00 |
| Operating Profit | 53.00 | 33.00 | 39.00 | 37.00 | 54.00 | 28.00 | 22.00 | 23.00 | 20.00 | 16.00 | 10.00 | 6.00 |
| OPM % | 20.00 | 16.00 | 21.00 | 23.00 | 35.00 | 25.00 | 22.00 | 26.00 | 27.00 | 24.00 | 23.00 | 18.00 |
| Other Income | 8.00 | 9.00 | 8.00 | 6.00 | 1.00 | 0.00 | 0.00 | -2.00 | -6.00 | 0.00 | 0.00 | -12.00 |
| Interest | 2.00 | 0.00 | 2.00 | 3.00 | 5.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 16.00 | 15.00 | 15.00 | 12.00 | 11.00 | 7.00 | 7.00 | 7.00 | 4.00 | 4.00 | 3.00 | 3.00 |
| Profit before tax | 43.00 | 27.00 | 29.00 | 27.00 | 39.00 | 21.00 | 15.00 | 14.00 | 9.00 | 12.00 | 7.00 | -8.00 |
| Tax % | 26.00 | 31.00 | 28.00 | 26.00 | 23.00 | 27.00 | 26.00 | 28.00 | 15.00 | 29.00 | 22.00 | 10.00 |
| Net Profit | 32.00 | 19.00 | 21.00 | 20.00 | 30.00 | 15.00 | 11.00 | 10.00 | 8.00 | 9.00 | 6.00 | -9.00 |
| EPS in Rs | 3.91 | 2.25 | 2.49 | 2.56 | 4.28 | 2.16 | 1.62 | 1.47 | 1.15 | 1.32 | 0.92 | -3.04 |
| Dividend Payout % | 32.00 | 55.00 | 50.00 | 49.00 | 29.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 41.00 | 41.00 | 41.00 | 39.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 31.00 | 30.00 |
| Reserves | 538.00 | 504.00 | 488.00 | 281.00 | 92.00 | 61.00 | 47.00 | 36.00 | 26.00 | 10.00 | 1.00 | -4.00 |
| Borrowings | 0.00 | 0.00 | 0.00 | 10.00 | 58.00 | 47.00 | 40.00 | 34.00 | 17.00 | 26.00 | 25.00 | 27.00 |
| Other Liabilities | 90.00 | 53.00 | 46.00 | 38.00 | 37.00 | 21.00 | 18.00 | 15.00 | 9.00 | 12.00 | 7.00 | 5.00 |
| Total Liabilities | 669.00 | 598.00 | 575.00 | 367.00 | 222.00 | 164.00 | 140.00 | 119.00 | 88.00 | 83.00 | 63.00 | 57.00 |
| Fixed Assets | 182.00 | 190.00 | 150.00 | 122.00 | 96.00 | 104.00 | 44.00 | 50.00 | 41.00 | 44.00 | 29.00 | 26.00 |
| CWIP | 10.00 | 0.00 | 28.00 | 47.00 | 31.00 | 4.00 | 39.00 | 21.00 | 6.00 | 1.00 | 1.00 | 4.00 |
| Investments | 305.00 | 285.00 | 120.00 | 73.00 | 22.00 | 19.00 | 21.00 | 22.00 | 17.00 | 17.00 | 16.00 | 15.00 |
| Other Assets | 171.00 | 124.00 | 276.00 | 125.00 | 73.00 | 37.00 | 36.00 | 26.00 | 23.00 | 21.00 | 18.00 | 13.00 |
| Total Assets | 669.00 | 598.00 | 575.00 | 367.00 | 222.00 | 164.00 | 140.00 | 119.00 | 88.00 | 83.00 | 63.00 | 57.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 53.00 | 38.00 | 25.00 | 17.00 | 36.00 | 29.00 | 11.00 | 15.00 | 5.00 | 22.00 |
| Cash from Investing Activity | -42.00 | -164.00 | -62.00 | -127.00 | -38.00 | -30.00 | -17.00 | -35.00 | -7.00 | -20.00 |
| Cash from Financing Activity | -10.00 | -11.00 | 180.00 | 120.00 | 0.00 | 4.00 | 6.00 | 14.00 | -2.00 | 5.00 |
| Net Cash Flow | 0.00 | -136.00 | 142.00 | 10.00 | -1.00 | 3.00 | -1.00 | -5.00 | -4.00 | 7.00 |
| Free Cash Flow | 35.00 | 11.00 | -7.00 | -36.00 | 7.00 | 11.00 | -7.00 | -15.00 | -2.00 | 3.00 |
| CFO/OP % | 113.00 | 133.00 | 74.00 | 84.00 | 77.00 | 110.00 | 72.00 | 83.00 | 35.00 | 158.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 84.00 | 94.00 | 93.00 | 77.00 | 73.00 | 46.00 | 63.00 | 51.00 | 27.00 | 14.00 | 26.00 | 29.00 |
| Inventory Days | 18.00 | 16.00 | 32.00 | 13.00 | 22.00 | 6.00 | 10.00 | 5.00 | 9.00 | 7.00 | 22.00 | 21.00 |
| Days Payable | 366.00 | 207.00 | 204.00 | 256.00 | 213.00 | 58.00 | 55.00 | 76.00 | 51.00 | 5.00 | 42.00 | 40.00 |
| Cash Conversion Cycle | -264.00 | -97.00 | -79.00 | -166.00 | -118.00 | -6.00 | 18.00 | -21.00 | -15.00 | 16.00 | 6.00 | 11.00 |
| Working Capital Days | 77.00 | 103.00 | 120.00 | 90.00 | -10.00 | 4.00 | 21.00 | -10.00 | 12.00 | -49.00 | 59.00 | 22.00 |
| ROCE % | 8.00 | 5.00 | 7.00 | 12.00 | 27.00 | 16.00 | 14.00 | 18.00 | 21.00 | 20.00 | 13.00 | — |
Corporate Actions
5 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 18 Jun 2026 | 18 Jun 2026 | — | 1.25 | |
| Dividend | 18 Jun 2025 | 18 Jun 2025 | — | 1.25 | |
| Dividend | 20 Jun 2024 | — | — | 1.25 | |
| Dividend | 22 Jun 2023 | — | — | 1.25 | |
| Dividend | 28 Jul 2022 | 29 Jul 2022 | — | 1.25 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update29 Jun from icra
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Rating update8 Jul 2025 from icra
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Rating update2 Jun 2025 from icra
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Rating update6 Jun 2024 from icra
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Rating update26 Jun 2023 from icra
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Rating update15 Jun 2023 from brickwork