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IndiaPulse

eMudhra Limited (EMUDHRA)

Small Cap

IT stocks · Small cap · NSE

eMudhra Limited operates in Digital Signature & e-Governance, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹524.8
+4.95 · +0.95%
Quote04 Sept, 03:52 pm IST
Fundamentals05 Sept 2026 · screener
Score05 Sept, 10:20 pm IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · IT P/E 22.6 (n=200)
Data confidence
Fresh enough for analysis
Investor decision lenses

One read, four checks

75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.

Weak fundamentals, management trust is acceptable, price trend is neutral, and recent execution is consistent.

Suggested next step
Research, do not rush
The four lenses are not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
WATCHLIST
37

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Trust
Healthy Trust
73

low confidence · 0/0 claims checked

Technical
Bullish
61

Timing lens: price trend and sector relative strength.

Result consistency
consistent
95

Rolling lens: recent quarterly delivery, not the latest single-result score.

Latest result

Quarter ended 30 Jun 2026

Excellent · 75/100

Rev +30% YoY · PAT +28% YoY · margin expansion

Filed 29 Jul 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹191 Cr+29.9%-1.0%
EBITDA₹50 Cr+42.9%+19.0%
Operating margin26.0%+200 bps+400 bps
PAT₹32 Cr+28.0%+6.7%
PAT margin16.8%-26 bps+121 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Business & thesis

Growth engines, tailwinds/headwinds, and risk radar from management commentary

Business and thesis

Issuer presentation review pending

eMudhra Limited operates in Digital Signature & e-Governance, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Management accountability

What management said, and what results must prove

Technical timing lens

Trend score and candlestick chart

61Bullish

SMA20 +13.6% / mo · MACD −

Stock trend: 63
Sector RS: 57
Sector 3M: +0.1% vs Nifty -1.5%

Technical chart

EMUDHRAdaily · 1Y · AUTO+29.4%
Latest close ₹524.80 on 2026-09-04
Bar
+1.0%
RSI
51
MACD hist
-5.69
52W pos
46%
2026-09-04O ₹519.85H ₹534.40L ₹519.85C ₹524.80Vol 71,392 sh
₹354.53₹409.65₹464.78₹519.90₹575.0252L524.802026-032026-06VolRSIMACD2026-032026-042026-062026-072026-09
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal

Daily technical trend read

Mixed signals

Signals are conflicting — long-term uptrend intact. RSI 51. Wait for confirmation.

  • Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
  • SMA20 rising (~12.0% over last month) — short-term momentum positive.
  • RSI(14) at 51 — falling, no extreme reading.
  • MACD below signal, histogram expanding negatively — bearish momentum building.
  • 26% off 52W high · 44% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Valuation & score drivers

U-Score 37 · WATCHLIST · pillar breakdown, sector model, fair-value anchor

37U-SCORE
WATCHLIST

Fundamental score breakdown

WATCHLIST
Valuation0/30
Growth17/25
Quality4/20
Balance Sheet10/15
Cash Flow1/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
37

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

37/100 · WATCHLIST

Positive drivers

  • Piotroski is strong at 8/9.
  • Growth contributes 17/25 to the score.
  • Balance sheet contributes 10/15 to the score.

Main drags

  • Fair-value margin of safety is negative at -11.7%.
  • Valuation is weaker at 0/30; verify the latest quarterly trend.
  • Cash flow is weaker at 1/10; verify the latest quarterly trend.
Sector valuation model

IT valuation: PE and EV/EBITDA against growth and margins

Asset-light IT companies deserve valuation support only when growth, margins, and cash conversion hold up.

IT PE/EVEBITDA
Primary lens
PE and EV/EBITDA relative to revenue growth, margins, and cash conversion.
Secondary checks
Deal pipeline, attrition, dollar revenue growth, FCF yield.
Main risk check
Low PE can reflect weak growth or margin pressure.
PE
37.8
PB
4.8
EV/EBITDA
20.4
ROE
12.6%
ROCE
15.7%
FCF Yield
Debt/Equity
0.0
MoS
-11.7%
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 05 Sept 2026
v4.3-runtime-valuation
Final score
37
Previous: 37
Verdict
WATCHLIST
Previous: WATCHLIST
Margin of safety
-11.7%
Previous: -11.7%

Score history

12 stored score snapshots. Latest stored move: +0 points.

05 Sept 2026
v4.3-runtime-valuation
41
42
37
37
37
37
37
37
37
37
37
37

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
₹185.41
-183.0% MoS
Growth-justified P/E
33.8
Growth-justified Value
₹469.9
-11.7% MoS
PEG
1.13

Trust score

Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth

Trust Score
73Healthy Trust · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Healthy Trust: Claim history is still being built. It ranks around the 72nd percentile of the scored universe and 71st percentile within IT. Main check: cash conversion is weak at 43/100.

Healthy Trust Lite: Promoter pledge is zero. Key concern: Only 0 years of positive FCF.

Computed 05 Sept 2026
management-trust-v1
86 docs text-extracted · 40 concalls text-extracted
Score band
Healthy Trust

Generally investable credibility. Look for weak sub-scores before increasing position size.

Relative rank
72nd percentile

overall median 67 · IT: 71st pctile, median 69 · Small: 75th pctile, median 66

Evidence depth
Financial-only

86 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Healthy Trust · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
78
strong · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
95
strong · quarterly consistency

Trust positives

  • Promoter pledge is zero.
  • Debt/equity is 0.03.
  • 4/4 latest quarters had positive YoY revenue growth.
  • 4/4 latest quarters had positive YoY PAT growth.

Trust risks

  • Only 0 years of positive FCF.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Financials

Full fundamentals table and 10-year revenue / profit / ROE history

Fundamentals

Valuation

P/E
37.80
P/B
4.77
EV/EBITDA
20.44
Market Cap
4346.00Cr

Profitability

ROE
12.60%
ROCE
15.70%
ROA
9.65%
Dividend Y
0.24%

Growth (CAGR)

Revenue 5Y
40.00%
EPS 5Y
43.00%
Revenue 3Y
41.00%
EPS 3Y
19.00%

Balance Sheet

Debt/Equity
0.03
Interest Coverage
29.00×
Altman Z
8.36
Book Value
110.00

Cash Flow

FCF Yield
FCF Positive Y
0/5
OCF
133.00 Cr
EPS TTM
13.89

Shareholding

Promoter Hold
54.40%
Promoter Pledge
0.00%
Momentum 52W
45%

Financial History

Updated 5/9/2026

Revenue

₹ Cr
No data

Net Profit

₹ Cr
No data

Return on Equity

%
No data

Peers

Business-comparable names in IT, ranked by similarity

Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.