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Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 543533 | NSE: EMUDHRA

eMudhra Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 8:39 pm

Market Cap 7,220 Cr.
Current Price 871
High / Low993/415
Stock P/E89.4
Book Value 83.3
Dividend Yield0.14 %
ROCE17.7 %
ROE14.4 %
Face Value 5.00
PEG Ratio2.88

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for eMudhra Ltd

Competitors of eMudhra Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
eMudhra Ltd 7,220 Cr. 871993/41589.4 83.30.14 %17.7 %14.4 % 5.00
BNR Udyog Ltd 21.7 Cr. 72.4118/51.729.8 35.70.00 %63.6 %53.8 % 10.0
BGIL Films & Technologies Ltd 6.55 Cr. 5.7810.3/3.16 16.90.00 %4.44 %3.46 % 10.0
Aurum Proptech Ltd 609 Cr. 207250/125 97.40.00 %12.0 %27.1 % 5.00
Ace Engitech Ltd 16.1 Cr. 188188/12.4 5.010.00 %23.6 %25.2 % 10.0
Industry Average9,246.38 Cr741.2434.11199.360.44%18.81%17.48%7.47

All Competitor Stocks of eMudhra Ltd

Quarterly Result

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Sales4945455258617780969710092141
Expenses322727323740535668736766109
Operating Profit17181821222124242825332732
OPM %34%40%41%39%37%35%31%30%29%25%33%29%23%
Other Income0-001112102331
Interest1121002001101
Depreciation3434444555666
Profit before tax12131416191820202320292427
Tax %16%19%21%16%12%16%22%17%19%2%28%23%18%
Net Profit10101114161516161920211822
EPS in Rs1.521.481.541.782.131.962.032.002.352.582.542.162.65

Last Updated: November 6, 2024, 6:48 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:32 pm

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales102116132183249373386
Expenses698592116161263273
Operating Profit3232406787110113
OPM %32%27%30%37%35%29%29%
Other Income-2011579
Interest0115333
Depreciation89913162122
Profit before tax22233150739397
Tax %19%20%19%18%17%18%
Net Profit17182541617678
EPS in Rs2.492.372.495.907.909.069.63
Dividend Payout %0%0%0%21%15%13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)5.88%38.89%64.00%48.78%24.59%
Change in YoY Net Profit Growth (%)0.00%33.01%25.11%-15.22%-24.19%

eMudhra Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2019-2020 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:30%
3 Years:42%
TTM:37%
Compounded Profit Growth
10 Years:%
5 Years:32%
3 Years:63%
TTM:24%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:89%
Return on Equity
10 Years:%
5 Years:19%
3 Years:19%
Last Year:14%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 4:33 pm

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital35353535374041
Reserves415772118354616649
Borrowings294252672580
Other Liabilities152532394386112
Total Liabilities120159192259460750802
Fixed Assets6262125117162253395
CWIP2240443475117
Investments0014021447
Other Assets36564999230443343
Total Assets120159192259460750802

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +172341223473
Cash from Investing Activity +-32-29-47-37-102-90
Cash from Financing Activity +1012516127176
Net Cash Flow-57-1159158

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow3.00-10.00-12.000.0062.00102.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days7773418899101
Inventory Days52214261332
Days Payable8311568177223261
Cash Conversion Cycle-1-20-13-62-111-128
Working Capital Days70684089135119
ROCE %20%21%28%24%18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters61.03%61.03%61.03%57.70%57.70%57.70%57.70%54.40%54.40%54.40%
FIIs4.31%4.24%4.09%4.16%4.28%4.30%3.85%4.20%4.17%4.40%
DIIs10.68%10.53%10.87%10.65%9.87%8.47%9.12%14.45%14.36%15.03%
Public23.98%24.22%24.02%27.50%28.15%29.55%29.35%26.94%27.08%26.17%
No. of Shareholders75,70569,29665,97466,97862,85166,03070,56173,65078,82480,884

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund4,983,7860.76426.84105,3262024-11-204631.77%
SBI Technology Opportunities Fund681,7461.4851.92105,3262024-11-20547.27%
Aditya Birla Sun Life Small Cap Fund395,9410.6633.91105,3262024-11-20275.92%
Franklin India Technology Fund105,3260.569.02105,3262024-11-200%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)9.748.355.862.492.37
Diluted EPS (Rs.)9.508.355.862.492.37
Cash EPS (Rs.)12.0210.287.724.863.85
Book Value[Excl.RevalReserv]/Share (Rs.)81.9052.3421.8816.6213.26
Book Value[Incl.RevalReserv]/Share (Rs.)81.9052.3421.8816.6213.26
Revenue From Operations / Share (Rs.)46.1633.1826.0218.7516.59
PBDIT / Share (Rs.)14.4112.359.805.814.60
PBIT / Share (Rs.)11.8310.247.944.563.38
PBT / Share (Rs.)11.469.797.194.443.28
Net Profit / Share (Rs.)9.448.165.863.612.62
NP After MI And SOA / Share (Rs.)9.298.235.902.492.37
PBDIT Margin (%)31.2137.2237.6730.9927.72
PBIT Margin (%)25.6330.8530.5124.3320.34
PBT Margin (%)24.8329.4927.6223.6919.76
Net Profit Margin (%)20.4624.6022.5219.2715.81
NP After MI And SOA Margin (%)20.1124.7922.6713.2614.29
Return on Networth / Equity (%)11.4315.7527.1816.2618.06
Return on Capital Employeed (%)14.1819.0029.3620.3119.12
Return On Assets (%)10.0013.4015.919.0910.48
Long Term Debt / Equity (X)0.000.000.120.200.20
Total Debt / Equity (X)0.010.030.290.280.33
Asset Turnover Ratio (%)0.610.690.730.670.79
Current Ratio (X)5.804.431.331.321.53
Quick Ratio (X)5.774.421.301.301.49
Dividend Payout Ratio (NP) (%)12.5315.370.653.753.61
Dividend Payout Ratio (CP) (%)9.8112.230.492.502.38
Earning Retention Ratio (%)87.4784.6399.3596.2596.39
Cash Earning Retention Ratio (%)90.1987.7799.5197.5097.62
Interest Coverage Ratio (X)38.7627.3613.0548.5048.34
Interest Coverage Ratio (Post Tax) (X)26.4119.088.8031.1528.57
Enterprise Value (Cr.)5866.791535.280.000.000.00
EV / Net Operating Revenue (X)15.726.170.000.000.00
EV / EBITDA (X)50.3716.580.000.000.00
MarketCap / Net Operating Revenue (X)16.356.500.000.000.00
Retention Ratios (%)87.4684.6299.3496.2496.38
Price / BV (X)9.294.130.000.000.00
Price / Net Operating Revenue (X)16.356.500.000.000.00
EarningsYield0.010.030.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of eMudhra Ltd as of November 21, 2024 is: 1,073.87

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 21, 2024, eMudhra Ltd is Undervalued by 23.29% compared to the current share price 871.00

Intrinsic Value of eMudhra Ltd as of November 21, 2024 is: 1,407.46

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 21, 2024, eMudhra Ltd is Undervalued by 61.59% compared to the current share price 871.00

Last 5 Year EPS CAGR: 31.06%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 18.50%, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -55.83, which is a positive sign.
  3. The company has higher reserves (272.43 cr) compared to borrowings (31.86 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (220.14 cr) and profit (55.57 cr) over the years.
  1. The stock has a high average Working Capital Days of 86.83, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in eMudhra Ltd:
    1. Net Profit Margin: 20.46%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 14.18% (Industry Average ROCE: 18.81%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 11.43% (Industry Average ROE: 17.48%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 26.41
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 5.77
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 89.4 (Industry average Stock P/E: 23.34)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.01
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

No data availabale for About the Company
INDUSTRYADDRESSCONTACT
Industry not foundAddress not foundContact not found
Management Data not Available

FAQ

What is the latest intrinsic value of eMudhra Ltd?

The latest intrinsic value of eMudhra Ltd as on 21 November 2024 is ₹1073.87, which is 23.29% higher than the current market price of ₹871.00.

What is the Market Cap of eMudhra Ltd?

The Market Cap of eMudhra Ltd is 7,220 Cr..

What is the current Stock Price of eMudhra Ltd as on 21 November 2024?

The current stock price of eMudhra Ltd as on 21 November 2024 is ₹871.

What is the High / Low of eMudhra Ltd stocks in FY 2024?

In FY 2024, the High / Low of eMudhra Ltd stocks is 993/415.

What is the Stock P/E of eMudhra Ltd?

The Stock P/E of eMudhra Ltd is 89.4.

What is the Book Value of eMudhra Ltd?

The Book Value of eMudhra Ltd is 83.3.

What is the Dividend Yield of eMudhra Ltd?

The Dividend Yield of eMudhra Ltd is 0.14 %.

What is the ROCE of eMudhra Ltd?

The ROCE of eMudhra Ltd is 17.7 %.

What is the ROE of eMudhra Ltd?

The ROE of eMudhra Ltd is 14.4 %.

What is the Face Value of eMudhra Ltd?

The Face Value of eMudhra Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in eMudhra Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE