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

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

Info Edge Share Price

8,107.15 214.40 2.72%
as on 20-Sep'24 16:01

DeciZen - make an informed investing decision on Info Edge

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Info Edge (India) stock performance -

mw4me loader
P/E Ratio (SA):
121.39
Market Cap:
1,05,061.6 Cr.
52-wk low:
3,973.2
52-wk high:
8,150

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 good 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 Overvalued 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 majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 22.3%10.7%14.1%14%18.2%13.9%10.5%109.5%5%6.3%-
Value Creation
Index
0.7-0.20.00.00.60.2-0.18.7-0.6-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6117188029151,0981,2731,1281,5622,1592,3812,436
Sales YoY Gr.-17.4%11.8%14.1%20%15.9%-11.4%38.5%38.2%10.3%-
Adj EPS 12.29.2191523.116.821.7187.531.964.566.8
YoY Gr.--24.5%106.4%-21%53.9%-27.2%28.8%765.8%-83%102.5%-
BVPS (₹) 138.2146.4159.4170.5189.1195.6345.71,077.8834.41,959.21,970.2
Adj Net
Profit
1461112301822822062782,414411833865
Cash Flow from Ops. 139110228307296302288725787832-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 16.3%16.7%28.3%10.3%
Adj EPS 20.4%22.8%43.9%102.5%
BVPS34.3%59.6%78.3%134.8%
Share Price 24.8% 31.3% 6.4% 82.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
12.16.412.28.912.78.7826.13.34.63.4
Op. Profit
Mgn %
29.819.428.83331.532.12630.136.740.640.2
Net Profit
Mgn %
23.915.528.719.925.716.224.7154.5193535.5
Debt to
Equity
0000000000-
Working Cap
Days
248547736517516531898970700619278
Cash Conv.
Cycle
-30-16-20-28-29-25-25-27-25-20181

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 28.28%

Net Profit is growing at healthy rate in last 3 years 43.88%

Return on Equity has declined versus last 3 years average to 3.40%

Sales growth is not so good in last 4 quarters at 8.99%

Latest Financials - Info Edge (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 66.8 50.1
TTM Sales (₹ Cr.) 2,436 2,587
BVPS (₹.) 1,970.2 2,341.9
Reserves (₹ Cr.) 25,402 30,218
P/BV 4.12 3.46
PE 121.39 161.76
From the Market
52 Week Low / High (₹) 3973.15 / 8150.00
All Time Low / High (₹) 97.50 / 8150.00
Market Cap (₹ Cr.) 1,05,062
Equity (₹ Cr.) 129.6
Face Value (₹) 10
Industry PE 78.2

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales6117188029151,0981,2731,1281,5622,1592,381
Operating Expenses 4295936106147528648351,0931,3661,414
Manufacturing Costs13181819222316182730
Material Costs0000000000
Employee Cost 247335375393459540563711909982
Other Costs 169240217202271301256363430402
Operating Profit 182125192302346408293470792967
Operating Profit Margin (%) 29.8%17.4%23.9%33.0%31.5%32.1%26.0%30.1%36.7%40.6%
Other Income 76921029711188119171175260
Interest 334451211111229
Depreciation 17212422204144404568
Exceptional Items 29-11-4-91-33-123-39,512-295-17
Profit Before Tax 26718226228139931935410,1016161,113
Tax 74565799117113751,178205280
Profit After Tax 1941252041822822062788,923411833
PAT Margin (%) 31.7%17.4%25.5%19.9%25.7%16.2%24.7%571.1%19.0%35.0%
Adjusted EPS (₹)16.110.416.915.023.116.821.7693.331.964.5
Dividend Payout Ratio (%)19%29%27%37%26%36%37%2%60%34%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1,6611,7671,9302,0732,3072,3924,44313,87210,76525,298
Share Capital 120121121122122122129129129129
Reserves 1,5411,6471,8091,9512,1852,2704,31413,74310,63625,169
Minority Interest0000000000
Debt0000000011
Long Term Debt0000000011
Short Term Debt0000000000
Trade Payables342742516259611048175
Others Liabilities 6267739091,0671,2511,4501,5983,2453,3365,709
Total Liabilities 2,3212,5682,8803,1913,6203,9026,10117,22114,18331,083

Fixed Assets

Gross Block15295104117138250269284390566
Accumulated Depreciation6821446483117161193219266
Net Fixed Assets847560535513210891171300
CWIP 9000200000
Investments 1,4386549571,9721,3731,7231,41912,6299,88125,618
Inventories0000000000
Trade Receivables101284676897
Cash Equivalents 301149291146105427641132224998
Others Assets4791,6771,5651,0162,0781,6123,9274,3613,8984,159
Total Assets 2,3212,5682,8803,1913,6203,9026,10117,22114,18331,083

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 139110228307296302288725787832
PBT 2381932663734324423575899111,130
Adjustment -55-40-12-57-75-9-44-64-41-134
Changes in Working Capital 33406311786-2068382169138
Tax Paid -78-83-88-126-147-111-93-183-251-302
Cash Flow From Investing Activity -843-35-184-204-223197-1,883-1,054-547-515
Capex -12-29-8-14-26-24-8-24-57-25
Net Investments -66679-194-169-50679-1,925-692384-553
Others -165-8518-22-147-45950-339-87364
Cash Flow From Financing Activity 716-66-42-76-78-1421,805-224-214-285
Net Proceeds from Shares 750625301,875000
Net Proceeds from Borrowing 0000000010
Interest Paid 00000-7-6-5-4-16
Dividend Paid -28-60-36-67-67-980-206-193-245
Others -5-12-7-14-14-38-64-14-18-23
Net Cash Flow 129327-6357210-5532732
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)16.027.311.069.1112.868.758.1597.443.344.62
ROCE (%)22.310.6914.0613.9718.2213.9310.53109.535.046.27
Asset Turnover Ratio0.340.290.290.30.320.340.230.130.140.11
PAT to CFO Conversion(x)0.720.881.121.691.051.471.040.081.911
Working Capital Days
Receivable Days4642222211
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 20-Sep-2024 16:01 is ₹8,107.2.
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 20-Sep-2024 16:01 the market cap of Info Edge stood at ₹1,05,061.6.
The latest P/E ratio of Info Edge as of 20-Sep-2024 16:01 is 121.4.
The latest P/B ratio of Info Edge as of 20-Sep-2024 16:01 is 4.12.
The 52-week high of Info Edge is ₹8,150 and the 52-week low is ₹3,973.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Info Edge is ₹2,436 ( 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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