Info Edge (India) Ltd - Stock Valuation and Financial Performance

BSE: 532777 | NSE: NAUKRI | BPO/ITeS | Mid Cap

Info Edge Share Price

5,497.35 24.10 0.44%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Info Edge

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Info Edge (India) stock performance -

mw4me loader
P/E Ratio (SA):
90.33
Market Cap:
72,360 Cr.
52-wk low:
3,554.3
52-wk high:
5,544.1

Is Info Edge (India) Ltd an attractive stock to invest in?

1. Is Info Edge (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Info Edge (India) Ltd is a average quality company.

2. Is Info Edge (India) Ltd undervalued or overvalued?

The key valuation ratios of Info Edge (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Info Edge (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Info Edge (India) Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Info Edge:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Info Edge (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 17.3%12.2%6.6%12.3%9.1%12.9%9%8.3%26.2%3.4%-
Value Creation
Index
0.3-0.1-0.5-0.1-0.30.1-0.2-0.31.3-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5066117188029151,0981,2731,1281,5622,1592,337
Sales YoY Gr.-20.9%17.4%11.8%14.1%20%15.9%-11.4%38.5%38.2%-
Adj EPS 11.112.29.2191523.116.821.7187.531.961.9
YoY Gr.-9.3%-24.5%106.4%-21%53.9%-27.2%28.8%765.8%-83%-
BVPS (₹) 69.6138.2146.4159.4170.5189.1195.6345.71,077.8834.41,301.3
Adj Net
Profit
1221461112301822822062782,414411801
Cash Flow from Ops. 136139110228307296302288725788-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 17.5%18.7%19.3%38.2%
Adj EPS 12.4%16.3%23.7%-83%
BVPS31.8%37.4%62.2%-22.6%
Share Price 24.2% 24.4% 7.2% 52.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1712.16.412.28.912.78.7826.13.35.8
Op. Profit
Mgn %
3329.819.428.83331.532.12630.136.739.8
Net Profit
Mgn %
2423.915.528.719.925.716.224.7154.51934.3
Debt to
Equity
0000000000-
Working Cap
Days
232248547736517516531898970700259
Cash Conv.
Cycle
-41-30-16-20-28-29-25-25-27-25163

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.26%

Net Profit is growing at healthy rate in last 3 years 23.73%

Sales growth is good in last 4 quarters at 14.41%

Return on Equity has declined versus last 3 years average to 5.80%

Latest Financials - Info Edge (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 61.9 18.7
TTM Sales (₹ Cr.) 2,337 2,484
BVPS (₹.) 1,301.3 1,534.4
Reserves (₹ Cr.) 16,707 19,723
P/BV 4.30 3.64
PE 90.33 299.02
From the Market
52 Week Low / High (₹) 3554.30 / 5544.05
All Time Low / High (₹) 97.50 / 7462.95
Market Cap (₹ Cr.) 72,360
Equity (₹ Cr.) 129.4
Face Value (₹) 10
Industry PE 61.8

Management X-Ray of Info Edge:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Info Edge

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales5066117188029151,0981,2731,1281,5622,159
Operating Expenses 3394295936106147528648351,0931,366
Manufacturing Costs10131818192223161827
Material Costs0000000000
Employee Cost 191247335375393459540563711909
Other Costs 138169240217202271301256363430
Operating Profit 167182125192302346408293470792
Operating Profit Margin (%) 33.0%29.8%17.4%23.9%33.0%31.5%32.1%26.0%30.1%36.7%
Other Income 4376921029711188119171175
Interest 23344512111112
Depreciation 17172124222041444045
Exceptional Items -329-11-4-91-33-123-39,512-295
Profit Before Tax 18826718226228139931935410,101616
Tax 5974565799117113751,178205
Profit After Tax 1281941252041822822062788,923411
PAT Margin (%) 25.4%31.7%17.4%25.5%19.9%25.7%16.2%24.7%571.1%19.0%
Adjusted EPS (₹)11.816.110.416.915.023.116.821.7693.331.9
Dividend Payout Ratio (%)21%19%29%27%37%26%36%37%2%60%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 7591,6611,7671,9302,0732,3072,3924,44313,87210,765
Share Capital 109120121121122122122129129129
Reserves 6501,5411,6471,8091,9512,1852,2704,31413,74310,636
Minority Interest0000000000
Debt0000000001
Long Term Debt0000000001
Short Term Debt0000000000
Trade Payables353427425162596110481
Others Liabilities 4906267739091,0671,2511,4501,5983,2453,336
Total Liabilities 1,2852,3212,5682,8803,1913,6203,9026,10117,22114,183

Fixed Assets

Gross Block14115295104117138250269284390
Accumulated Depreciation556821446483117161193219
Net Fixed Assets85847560535513210891171
CWIP 10900020000
Investments 6151,4386549571,9721,3731,7231,41912,6299,881
Inventories0000000000
Trade Receivables510128467689
Cash Equivalents 231301149291146105427641132224
Others Assets3384791,6771,5651,0162,0781,6123,9274,3613,898
Total Assets 1,2852,3212,5682,8803,1913,6203,9026,10117,22114,183

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 136139110228307296302288725788
PBT 190238193266373432442357589911
Adjustment -47-55-40-12-57-75-9-44-64-41
Changes in Working Capital 2533406311786-2068382169
Tax Paid -33-78-83-88-126-147-111-93-183-251
Cash Flow From Investing Activity -100-843-35-184-204-223197-1,883-1,054-547
Capex -11-12-29-8-14-26-24-8-24-57
Net Investments -34-66679-194-169-50679-1,925-692384
Others -55-165-8518-22-147-45950-339-873
Cash Flow From Financing Activity -26716-66-42-76-78-1421,805-224-214
Net Proceeds from Shares 0750625301,87500
Net Proceeds from Borrowing 0000000002
Interest Paid 000000-7-6-5-4
Dividend Paid -22-28-60-36-67-67-980-206-193
Others -4-5-12-7-14-14-38-64-14-19
Net Cash Flow 10129327-6357210-55327
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)18.1116.027.311.069.1112.868.758.1597.443.34
ROCE (%)26.5922.310.6914.0613.9718.2213.9310.53109.535.04
Asset Turnover Ratio0.420.340.290.290.30.320.340.230.130.14
PAT to CFO Conversion(x)1.060.720.881.121.691.051.471.040.081.92
Working Capital Days
Receivable Days3464222221
Inventory Days0000000000
Payable Days0000000000

Info Edge (India) Ltd Stock News

Info Edge (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Info Edge on 28-Mar-2024 16:01 is ₹5,497.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Info Edge stood at ₹72,360.
The latest P/E ratio of Info Edge as of 28-Mar-2024 16:01 is 90.33.
The latest P/B ratio of Info Edge as of 28-Mar-2024 16:01 is 4.30.
The 52-week high of Info Edge is ₹5,544.1 and the 52-week low is ₹3,554.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Info Edge is ₹2,337 ( Cr.) .

About Info Edge (India) Ltd

Info Edge has an in-depth understanding of the Indian consumer internet domain. With years of experience in the domain, strong cash flow generation and a diversified business portfolio, it one of the very few profitable pure play internet companies in the country.

The company was incorporated on May 1, 1995 under the Companies Act, 1956 as Info Edge (India) Private Limited and became a public limited company on April 27, 2006. Starting with a classified recruitment online business, naukri.com, Info Edge has grown and diversified rapidly, setting benchmarks as a pioneer for others to follow. Driven by innovation, creativity, an experienced and talented leadership team and a strong culture of entrepreneurship, today, it is India’s premier online classifieds company in recruitment, matrimony, real estate, education and related services. The Company is primarily engaged in providing online and offline services primarily through its online portal Naukri.com, Jeevansathi.com, 99 acres.com, shiksha.com and offline portal Quadrangle.com.

Business area of the company

  • Recruitment: Online recruitment classifieds, www.naukri.com, a clear market leader in the Indian e-recruitment space, www.naukrigulf.com, a job site focused at the Middle East market, offline executive search (www.quadranglesearch.com) and a fresher hiring site (www.firstnaukri.com). Additionally, Info Edge provides jobseekers value added services (Naukri Fast Forward) such as resume writing.
  • Matrimony: Online matrimony classifieds, www.jeevansathi.com, is among the top three in India’s online matrimonial space, and has offline Jeevansathi Match Points and franchisees.
  • Real Estate: Online real estate classifieds, www.99acres.com, is India’s largest property marketplace covering almost all the major cities and a large number of agents and developers.
  • Education: Online education classifieds, www.shiksha.com, is the smartest gateway for students to achieve their goals.

Services

Recruitment Classifieds & Related Services

• Naukari.com
• Firstnaukri.com
• Naukrigulf.com
• Quadranglesearch.com

Real Estate

• 99acres.com

Matrimony

• jeevansathi.com

Education

• shiksha.com

Investee Companies

• Zomato Media Private Limited.
• Applect Learning Systems Private Limited.
• Etechaces Marketing and Consulting Private Limited.
• Kinobeo Software Private Limited.
• Happily Unmarried Marketing Private Limited.
• Canvera Digital Technologies Private Limited.
• Mint Bird Technologies Private Limited.
• Green Leaves Consumer Services Private Limited.
• Rare Media Company Private Limited.

Milestones

  • March 1997: www.naukri.com launched.
  • FY 1999: www.naukri.com breaks even
  • April 8, 2000: ICICI Information Technology Fund makes a private equity investment of about Rs 72.9 million in Info Edge (this investment was later novated in favor of ICICI Emerging Sectors Fund)
  • November 1, 2000: Quadrangle business acquired
  • September 2002: Business becomes profitable post VC funding
  • September 2003: Initiated television advertising
  • September 2004: 100% ownership of Jeevansathi Internet Service Private Limited achieved
  • September 2005: www.99acres.com launched
  • April 2006: Private equity investors, Klenier PerkinsCaufield and Byers and Sherpalo LLC, agree to acquire, through Murugan Capital and Sherpalo Mauritius LLC, respectively, 5% of Info Edge’s pre-issue equity share capital by means of a secondary purchase
  • July 2006: International operation launched with www.naukrigulf.com
  • November 2006: Info Edge is listed publically in India
  • October 2007: Investment in Studyplaces Inc. (www.studyplaces.com)
  • May 2008: www.shiksha.com launched. Investment in Applect Learning Systems Pvt. Ltd. (www.meritnation.com)
  • September 2008: Investment in Etechaces Consulting and Marketing Pvt. Ltd. (www.policybazaar.com)
  • May 2009: www.firstnaukri.com launched
  • July 2010: Investment in Zomato Media Pvt. Ltd. (www.zomato.com)
  • February 2011: Investment in Nogle Technologies Pvt. Ltd. (www.floost.com)
  • April 2011: Investment in Kinobeo Software Pvt. Ltd. (www.mydala.com). Investment in Ninety Nine Labels Pvt. Ltd. (www.99labels.com)
  • August 2012: Investment in Canvera Digital Technologies Pvt. Ltd. (www.canvera.com)
  • October 2012: Investment in Happily Unmarried Marketing Pvt. Ltd. (www.happilyunmarried.com)
  • August 2015: Investment in Mint Bird Technologies Private Limited (www.vacationlabs.com)
  • November 2015: www.bigstylist.com launched
  • January 2016: www.bluedolph.in launched
  • October 2019: Info Edge invests Rs 6 crore in Happily Unmarried Marketing
  • October 2019: Info Edge ink pact to acquire securities in Metis Eduventures
  • November 2019: Info Edge ink pact to invest in Terralytics Analysis
  • November 2019: Info Edge ink pact to invest in LLAMA Logisol
  • January 2020: Info Edge ink pact to divest entire stake held in Applect Learning Systems
  • March 2020: Info Edge signed agreement to invest Rs 7 crore in Medcords

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