Info Edge

₹6045 95.6 | 1.6%

WEBSITE BSE:532777 NSE : INFO EDGE 10 May, 16:01

Market Cap ₹78213 Cr.

Stock P/E 323.0

P/B 3.9

Current Price ₹6045

Book Value ₹ 1534.4

Face Value 10

52W High ₹6355

Dividend Yield 0.31%

52W Low ₹ 3703

Edit Ratio

Info Edge Research see more...

Initial Coverage: INFO EDGE LIMMITED

Start up Valuation - Bubble or Leap of Faith

Overview Inc. Year: 1995Industry: BPO/ITeS

Info Edge (India) Limited is an India-based company that is engaged in running a couple of Internet-based services through its diverse Web portals and mobile applications. The Company's segments consist of Recruitment Solutions and Real State- 99acres. The Recruitment Solutions segment includes Naukri and all different allied organizations, which provides hiring solutions for both B2B, as well as B2C . Real State- 99acres section is targeted on property listings, developers and brokers branding and visibility thru micro-websites, home page hyperlinks, and banners servicing real estate developers, builders and brokers. It operates in provider verticals, which incorporates recruitment solutions through its manufacturers naukri.Com, iimjobs.Com, hirist.Com, ambitionbox.Com, bigshyft.Com, jobhai.Com; in real estate offerings through its brand name 99acres.Com; in matrimonial offerings through its logo jeevansaathi.Com, and in training services via its brand shiksha.Com.

Info Edge Share Price

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Peer Comparison

Info Edge Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	366	421	473	547	604	590	605	626	626	627
Other Income	46	115	227	327	123	378	-435	64	166	33
Total Income	412	536	700	875	727	967	170	690	792	660
Total Expenditure	263	305	354	455	502	401	419	423	421	425
Operating Profit	149	232	346	420	224	566	-250	266	371	235
Interest	1	1	1	1	3	1	1	4	8	5
Depreciation	12	11	12	15	17	20	20	24	26	26
Exceptional Income / Expenses	8269	2280	475	0	0	-412	-97	0	46	5
Profit Before Tax	8405	2500	808	403	204	133	-369	239	383	210
Provision for Tax	967	273	41	47	55	53	56	69	69	71
Profit After Tax	7438	2227	768	356	149	80	-425	169	314	139
Adjustments	-64	2375	-139	-177	-46	-197	152	-11	-109	12
Profit After Adjustments	7374	4602	629	179	103	-117	-273	159	205	151
Adjusted Earnings Per Share	572.6	357.3	48.8	13.9	8	-9	-21.1	12.3	15.9	11.7

Info Edge Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	472	567	732	748	888	988	1151	1312	1128	1589	2346	2484
Other Income	48	50	95	456	93	89	120	104	149	440	393	-172
Total Income	520	617	827	1204	980	1077	1271	1416	1277	2029	2739	2312
Total Expenditure	351	471	711	668	717	725	832	933	842	1143	1766	1688
Operating Profit	169	147	116	536	264	352	439	483	436	886	972	622
Interest	3	3	4	3	4	5	7	14	11	11	18	18
Depreciation	12	21	47	24	33	30	22	48	45	45	73	96
Exceptional Income / Expenses	-24	-3	-6	-32	-32	313	617	182	1434	11175	-509	-46
Profit Before Tax	130	120	60	175	5	585	716	-126	1602	14200	141	463
Provision for Tax	53	59	74	57	48	84	124	120	184	1318	211	265
Profit After Tax	77	61	-14	118	-43	501	592	-246	1418	12882	-70	197
Adjustments	14	29	39	18	19	11	11	8	-2	-123	-37	44
Profit After Adjustments	92	90	24	136	-24	512	604	-238	1416	12760	-107	242
Adjusted Earnings Per Share	8.4	8.2	2	11.2	-2	42.1	49.5	-19.4	110.2	991.4	-8.3	18.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	48%	21%	19%	17%
Operating Profit CAGR	10%	26%	23%	19%
PAT CAGR	-101%	0%	NAN%	NAN%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	54%	9%	25%	27%
ROE Average	-0%	51%	34%	20%
ROCE Average	1%	56%	39%	26%

Info Edge Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	608	672	1415	1543	1592	2045	2543	2196	5396	17241	13398
Minority's Interest	10	139	419	-18	-15	-15	-13	0	79	809	1028
Borrowings	0	0	0	0	0	0	0	0	0	1	1
Other Non-Current Liabilities	-4	0	7	416	477	565	697	865	1032	2357	2176
Total Current Liabilities	458	556	757	392	468	555	645	639	703	1144	1353
Total Liabilities	1074	1368	2598	2333	2522	3150	3871	3700	7209	21553	17957
Fixed Assets	152	149	576	82	128	59	60	216	108	1006	774
Other Non-Current Assets	184	141	149	1173	956	1302	1878	1962	3958	17070	13487
Total Current Assets	738	1078	1874	1078	1436	1459	1932	1523	3143	3451	3672
Total Assets	1074	1368	2598	2333	2522	3150	3871	3700	7209	21553	17957

Info Edge Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	35	51	58	39	49	56	85	223	527	640	205
Cash Flow from Operating Activities	75	81	51	78	213	253	276	350	276	707	521
Cash Flow from Investing Activities	-55	-204	-1038	-2	-165	-149	-59	97	-2043	-1177	-367
Cash Flow from Financing Activities	-12	130	1025	-66	-42	-75	-78	-143	1880	35	2
Net Cash Inflow / Outflow	8	7	38	11	7	29	138	304	113	-435	156
Closing Cash & Cash Equivalent	51	58	83	49	56	85	223	527	640	205	361

Info Edge Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	8.39	8.21	2	11.23	-1.95	42.11	49.48	-19.43	110.2	991.38	-8.33
CEPS(Rs)	8.17	7.52	2.7	11.74	-0.82	43.64	50.35	-16.19	113.82	1004.4	0.2
DPS(Rs)	1	2.5	3	3	4.5	5.5	6	6	8	13	19
Book NAV/Share(Rs)	55.15	60.58	114.86	125.02	123.42	161.69	206.55	176.32	415.96	1331.76	1025.78
Core EBITDA Margin(%)	25.62	17.04	2.89	10.7	19.27	26.61	27.69	28.85	25.38	28.07	24.7
EBIT Margin(%)	28.17	21.7	8.65	23.89	1.02	59.76	62.86	-8.51	143.01	894.36	6.78
Pre Tax Margin(%)	27.58	21.17	8.13	23.44	0.58	59.24	62.25	-9.59	142.05	893.64	5.99
PAT Margin (%)	16.39	10.75	-1.97	15.77	-4.81	50.69	51.45	-18.73	125.71	810.7	-3
Cash Profit Margin (%)	18.89	14.48	4.44	18.95	-1.12	53.69	53.38	-15.09	129.68	813.53	0.11
ROA(%)	7.82	5	-0.73	4.78	-1.76	17.66	16.87	-6.49	26	89.58	-0.36
ROE(%)	13.76	9.65	-1.41	8.16	-2.84	28.95	26.4	-10.51	37.8	114.58	-0.46
ROCE(%)	23.4	19.19	6.07	12.07	0.58	32.46	31.53	-4.71	42.49	125.55	1.04
Receivable days	6.81	6.01	8.2	8.86	4.34	2.65	1.99	2.21	2.51	4.18	3.32
Inventory Days	0	0	0	0	0.35	0.3	0.12	0	0	0	0
Payable days	0	0	0	0	1323.1	1712.64	2659.31	0	0	0	0
PER(x)	42.83	75.35	418.91	68.5	0	27.71	37.25	0	38.8	4.55	0
Price/Book(x)	6.52	10.22	7.3	6.15	6.48	7.22	8.92	11.55	10.28	3.39	3.63
Dividend Yield(%)	0.28	0.4	0.36	0.39	0.56	0.47	0.33	0.29	0.19	0.29	0.51
EV/Net Sales(x)	7.63	11.37	13.27	12.22	10.57	14.19	19.31	18.57	48.15	36.31	20.26
EV/Core EBITDA(x)	21.38	43.93	83.95	17.04	35.56	39.88	50.63	50.46	124.66	65.09	48.88
Net Sales Growth(%)	20.53	20.09	29.14	2.05	18.74	11.33	16.46	13.99	-14.02	40.87	47.62
EBIT Growth(%)	-10.45	-7.51	-48.53	181.86	-94.93	6430.16	22.5	-115.44	1544.34	780.97	-98.88
PAT Growth(%)	-17.22	-21.23	-123.68	916.14	-136.22	1273.46	18.22	-141.5	677.03	808.46	-100.55
EPS Growth(%)	-11.36	-2.11	-75.63	461.18	-117.4	2254.84	17.5	-139.28	667.01	799.63	-100.84
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	1.61	1.94	2.48	2.75	3.07	2.63	3	2.38	4.47	3.02	2.71
Quick Ratio(x)	1.61	1.94	2.48	2.75	3.07	2.63	3	2.38	4.47	3.02	2.71
Interest Cover(x)	47.78	41.23	16.71	53.31	2.3	114.9	103.19	-7.94	148.47	1243.46	8.67
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

Info Edge Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	38.4	38.17	38.11	38.11	38.05	38.05	38.05	37.98	37.91	37.88
FII	36.37	33.99	32.72	31.76	31.87	31.41	31.54	31.22	30.47	30.87
DII	14.37	15.66	16.38	16.93	17.2	17.74	18.2	18.75	20.04	20.1
Public	10.87	12.18	12.79	13.2	12.88	12.79	12.2	12.05	11.59	11.14
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	4.95	4.92	4.92	4.92	4.92	4.92	4.92	4.91	4.9	4.9
FII	4.68	4.38	4.22	4.1	4.12	4.06	4.08	4.03	3.94	3.99
DII	1.85	2.02	2.11	2.18	2.22	2.29	2.35	2.42	2.59	2.6
Public	1.4	1.57	1.65	1.7	1.66	1.65	1.58	1.56	1.5	1.44
Others	0	0	0	0	0	0	0	0	0	0
Total	12.88	12.88	12.9	12.9	12.92	12.92	12.92	12.92	12.94	12.94

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 51%
Company is almost debt free.

Cons

Promoter holding is low: 37.88%.
Stock is trading at 3.9 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Info Edge Research see more...

Overview Inc. Year: 1995Industry: BPO/ITeS

Info Edge Share Price

Alert Data

Quarterly Price

Peer Comparison

Info Edge Quarterly Results

Info Edge Profit & Loss

Growth Rates

Info Edge Balance Sheet

Info Edge Cash Flow

Info Edge Ratios

Info Edge Shareholding Pattern

Info Edge News

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