AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 28 Aug - Schedule of Analyst/Investor Meet to be held on September 03, 2026
Source: Bse
eMudhra Limited (EMUDHRA)
Small CapIT 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.
Data qualityFresh enough for analysisQuote updated 21 Oct, 10:32 am ISTDetails
Quote21 Oct, 10:32 am IST
Base fundamentals06 Oct 2026 · screener
Latest result29 Jul, 11:36 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · IT P/E 21.4 (n=204)
Technical timing lens
Trend score and candlestick chart
76BullishSMA20 +9.3% / mo · MACD − · sector +18.0pp vs Nifty 500 (3M)
Stock trend: 60
Sector RS: 100
Sector 3M: +13.0% vs Nifty 500 -5.0%
IT FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
EMUDHRAD candles · FIT view-12.4%TODAY · PROVISIONALLatest price ₹432.00 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-16.9%
RSI
27
MACD hist
-16.15
52W pos
21%
2026-10-21O ₹520.00H ₹524.90L ₹432.00C ₹432.00Vol 21.6L shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
EMUDHRANifty ITNifty 500
- EMUDHRA
- +17.8%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- +23.4 pp
Chart stats
19 Oct 2026- From 52W high
- -21.6%
- 52W range position
- 54%
- ATR (14)
- 5.6%
- Volume vs 20D
- 0.30x
- Avg traded value
- ₹36.7 Cr
- 20D price channel
- ₹530.1 - ₹681.6
₹688.4
₹364.6 - ₹688.4
₹30
Latest completed session
20-session average
51.9% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Momentum only
Trend is strong but fundamentals do not support a clean investment thesis.
U-Score
Legacy · WATCHLIST39
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent75
Revenue +29.9% · PAT +28.0% YoY
Technical
Bullish76
Price trend and sector-relative-strength timing.
Valuation
Legacy model+3.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence73
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 75/100Rev +30% YoY · PAT +28% YoY · margin expansion
Filed 29 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹191 Cr | +29.9% | -1.0% |
| EBITDA | ₹50 Cr | +42.9% | +19.0% |
| Operating margin | 26.0% | +200 bps | +400 bps |
| PAT | ₹32 Cr | +28.0% | +6.7% |
| PAT margin | 16.8% | -26 bps | +121 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 43.10
- P/B
- 5.45
- EV/EBITDA
- 23.31
- Market Cap
- 4960.00Cr
Profitability
- ROE
- 12.60%
- ROCE
- 15.70%
- ROA
- 9.65%
- Dividend Y
- 0.21%
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
- 72%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 702+35.3% vs prev
Net Profit
₹ CrLatest: 110+26.4% vs prev
Return on Equity
%Latest: 12.1+3.5% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 27. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 rising (~5.6% over last month) — short-term momentum positive.
- RSI(14) at 27 — oversold zone; bounce conditions.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 37% off 52W high · 19% 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.
Nifty 500 leadership
Relative Strength & Trend Stage
59
RS percentile
Stage 2 UptrendEstablished S2
1M return
-12.0%
3M return
+17.8%
6M return
+7.0%
1Y return
-17.3%
RS 1D
-4
RS 20D
-14
Sector rank
#8
Industry rank
#39
Stage evidence
- Price is 8.8% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +4.8%.
- Both 3-month and 6-month returns are positive.
50-DMA
price below
200-DMA
price above
S2 entered
15 Sept 2026
S2 age
24 trading sessions
Sector
improving
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 83.72-1.85%
RS vs Nifty 50084
Valuation & peers
U-Score 39 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 39 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation2/30
Growth17/25
Quality4/20
Balance Sheet10/15
Cash Flow1/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
39
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
39/100 · legacy band 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
- Valuation is weaker at 2/30; verify the latest quarterly trend.
- Cash flow is weaker at 1/10; verify the latest quarterly trend.
- Quality is weaker at 4/20; 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.
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
43.1
PB
5.5
EV/EBITDA
23.3
ROE
12.6%
ROCE
15.7%
FCF Yield
—
Debt/Equity
0.0
MoS
+3.1%
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: 21 Oct 2026
v4.3-runtime-valuation
Final score
39
Previous: 37 (+2)
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+3.1%
Previous: -21.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
37
37
37
37
37
37
37
37
37
37
37
37
Factor attribution
Valuation
2+2
was 0
Modelled fair value
Graham Number
₹185.41
-133.0% MoS
Growth-justified P/E
32.1
Growth-justified Value
₹445.87
+3.1% MoS
PEG
1.29
Comparable companies
Peers
Business-comparable peers in IT — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SOTL
Small
Savita Oil Technologies Limited
IT Services / Digital
match 140
37
12.0
8.3%
-187%
WATCHLIST
DATAMATICS
Small
Datamatics Global Services Limited
IT Services / Digital
match 138
55
18.1
16.0%
+34%
FAIR VALUE
MOSCHIP
Small
Moschip Technologies Limited
IT Services / Digital
match 138
37
120.0
11.0%
-308%
WATCHLIST
SHILCTECH
Small
Shilchar Technologies Limited
IT Services / Digital
match 137
59
33.6
37.8%
-0%
FAIR VALUE
63MOONS
Small
63 moons technologies limited
IT Services / Digital
match 137
36
63.6
1.5%
+18%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
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.
Trust Score
73Limited evidence · 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.
Limited evidence: 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.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
86 docs text-extracted · 40 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
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
Limited evidence · low confidenceWhat 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.
Continue researching eMudhra Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 Sep - eMudhra to hold one-on-one virtual investor meeting with Dalal & Broacha on September 24, 2026 at 3:00 P.M. IST.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 21 Sep - eMudhra to hold one-on-one virtual investor meeting with Alturas Investment Management on September 24, 2026.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 27 Aug - eMudhra to hold one-on-one virtual investor meeting with Acacia on September 1, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 13 Sep - eMudhra appointed GLEIF Validation Agent for LEIL, expanding LEI application and renewal services in India.
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 26 Aug - Schedule of Analyst/Investor Meet to be held on August 31, 2026
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22 Aug - eMudhra to meet Bellweather Capital virtually on August 26, 2026 at 2:00 PM IST.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 6 Aug - eMudhra schedules one-on-one virtual analyst meeting with Vista Global on August 12, 2026.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 20 Aug - eMudhra will hold a virtual one-on-one analyst meeting with OysterRock Capital on August 27, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 26 May - Newspaper Advertisement titled "Notice of 18th Annual General Meeting"
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.