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Info Edge (India) Ltd share Price Today

Company details

6,700.00
6,819.95
3,972.05
6,819.95
6M Return 31.65%
1Y Return 53.12%
Mkt Cap.(Cr) 87,798.04
Volume 306,062
Div Yield 0.32%
OI
-
OI Chg %
-
Volume 306,062

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About The Stock

    Info Edge provides internet based service delivery like recruitment services (Naukri), real estate (99 acres), Jeevansathi and Shiksha.

    • Quasi play on Indian start up like Zomato, PolicyBazaar, Shoekonect, Ustra, Gramophone and job market, matrimony services & real estate market
    • Prudent capital allocation with recruitment business EBITDA margin >50%
Q4FY23 Results:

    Info Edge reported steady margins in Q4FY23.

    • Revenue grew 1.6% QoQ, recruitment business grew 0.2% QoQ
    • EBITDA margin was flat sequentially at 39.1%
    • Recruitment billing grew 34.3% QoQ & 13.7% YoY

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Research view on more stocks

Internet Software & Services company Info Edge (India) announced Q4FY24 results:

  • Info Edge (India) recorded 7.9% growth in its Revenue from Operations at Rs 608.3 crore on a standalone basis for the quarter ended March 31st, 2024, compared to Rs 564.0 crore in the corresponding quarter of the previous fiscal.
  • Revenues growth in the recruitment business was 3.4% YoY and for non-recruitment business verticals namely 99acres.com (the real estate vertical), Jeevansathi.com (the matrimony business), and Shiksha.com (the education business) was 22.5%, 29.2%, and 22.2% respectively.
  • Billing for the company on a standalone basis for the quarter grew by 10.5% YoY and stood at Rs 826.9 crore.
  • The company grew its operating profit margins to 37.0% of revenue and registered a growth of 8.9% in its operating profit which stood at Rs 224.8 crore on a standalone basis in Q4FY24 as compared to Rs 206.3 crore in Q4FY23.
  • The standalone business generated cash from operation (before tax) of Rs 467.6 crore for the quarter, a growth of 13.2% YoY.

While announcing the results, Hitesh Oberoi, Managing Director and Chief Executive Officer said “I'm encouraged to see a slight rebound in our recruitment business after several weak quarters. Excellent execution in both 99acres and Jeevansathi helped reduce operational losses in these verticals from Rs 198 crore in FY23 to Rs 68 crore in FY24 with Rs 21 crore cash generation in Q4”

Chintan Thakkar, Director and Chief Financial Officer said “Our cash from operations grew by 13.2% YoY in Q4FY24, reaching a cash balance of Rs 4,191 crore as of March 31st, 2024. This consistent performance in cash flow generation underscores our company's robust financial health and positions us well for future investments and shareholder returns.”

Result PDF

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Info Edge (India) Ltd shares SWOT Analysis

Strengths (8)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Strong Annual EPS Growth
  • New 52 week high today

Weakness (3)

  • MFs decreased their shareholding last quarter
  • Declining profits every quarter for the past 2 quarters
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • RSI indicating price strength

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 6,837.2
R2 6,888.6
R3 6,957.2
Pivot

6,768.60

S1 6,717.3
S2 6,648.7
S3 6,597.3
EMA SMA
6,377.5
6,122.6
5,812.0
5,376.3
6,260.6
6,117.8
5,752.9
5,200.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 5021.95 34388 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 5021.95 34388 BSE
SOCIETE GENERALE Block Purchase 2022-11-23 3853.45 45506 BSE
Name Category Shares
Sanjeev Bikhchandani PROMOTER 24.27%
Hitesh Oberoi PROMOTER 5.02%
Surabhi Motihar Bikhchandani PROMOTER 1.15%
Dayawanti Bikhchandani PROMOTER 1.13%
Sanjeev Bikhchandani & Hitesh Oberoi (Endeavour Holding Trust) PROMOTER 6.3%

OUR RESEARCH VIEW

Investment recommendation
Call Date
29 May 2023
Entry Price 4,198.00
Target Price 4,300.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Info Edge (India) Ltd Stocks COMPARISON

Financials( in Cr) Info Edge (India) Ltd Zomato Ltd FSN E-Commerce Ventures Ltd One 97 Communications Ltd Indiamart Intermesh Ltd
Price 6,785.85 200.56 176.44 401.75 2,680.85
% Change 0.78 0.20 -0.12 -0.63 -0.26
Mcap Cr 87,798.04 176,889.59 50,391.02 25,527.76 16,079.47
Revenue TTM Cr 2,345.69 7,079.40 5,143.80 7,990.30 1,196.78
Net Profit TTM Cr -70.46 -971.00 24.82 -1,776.50 333.95
PE TTM 135.23 0.00 0.00 0.00 48.02
1 Year Return 53.12 167.77 19.14 -52.71 -4.18
ROCE 2.92 0.00 5.09 0.00 18.80
ROE -1.64 0.00 1.76 0.00 17.60
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 13,398.02 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,542.69 26,564.54
LAST 3M 107,300.08 -872.81
LAST 6M 187,950.75 839.71
LAST 12M 304,454.24 86,051.23

Info Edge (India) Ltd Information

Stock PE (TTM)
135.23
Promoter Holding
37.88%
Book Value
2338.969
ROCE
2.92%
ROE
-1.64%
Description
  • Info Edge (India) Ltd is in the E-commerce sector is having a Market Capitalization worth Rs. 70,600.68 crores. It was founded in the year 1995. It has reported consolidated sales of Rs. 296.53 crores in the year ended March’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 532777 and additionally listed on the National Stock Exchange (NSE) with the code NAUKRI.

    Info Edge (India) Ltd is an Indian internet company based in Noida, Uttar Pradesh. Info Edge (India) Ltd is a pure-play company, meaning it only focuses on one product. Info Edge (India) Ltd runs an online job portal named Naukri.com, a matrimonial website with the name of Jeevansathi.com, a real estate classifieds platform 99Acres.com, and an educational website Shiksha.com. Info Edge (India) Ltd also holds minority stakes in about 23 online companies, including two Unicorn companies Zomato (18.4% stake) and Policybazaar (15.1% stake). Info Edge (India) Ltd has also invested in several startups like NoPaperForms, Univariety, Gramophone, Printo, Medcords, Shopkirana, Adda, Shipsy, etc. The promoters of the company own 38.41% of the stake in the company, Foreign Institutional Investors (FII) own 37.74%, Domestic Institutional Investors (DII) own 13.27% stake in the company, and others (such as public & retail investors) hold the balance of 10.58%.

    In June 2021, quarterly net revenue was Rs. 319.72 crores, which has increased by approximately 14.13% % from Rs. 280.14 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 100.96 crores, which has improved by nearly 21.32% from a net profit of Rs. 83.22 crores in June 2020. In June 2021, the reported operating profit was at Rs. 292.48 crores, which is also increased by 14.90% as compared to an operating profit of Rs. 254.56 crores for the quarter ending in June 2020. From Rs. 6.81 in June 2020, the EPS of Info Edge (India) Ltd has improved marginally and reached Rs. 7.85 per share in June 2021. Evexia’s stock closed at Rs. 5,482.10 on 18th August’2021 (NSE) and has returned 11.50% in the last six months and 67.55% in the previous year.

Registered Address

GF-12A 94 Meghdoot Building, Nehru Place, New Delhi, New Delhi, 110019

Tel : 91-11-26463894/0120-2082000
Email : investors:naukri.com; jaya.bhatia:infoedge.com
Website : http://www.infoedge.in
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532777
NSE Code : NAUKRI
Book Closure Date (Month) :
BSE Group : A
ISIN : INE663F01024

FAQ’s on Info Edge (India) Ltd Shares

You can buy Info Edge (India) Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Info Edge (India) Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 28, 2024 03:59 PM the closing price of Info Edge (India) Ltd was Rs.6,785.85.

The latest PE ratio of Info Edge (India) Ltd as of Jun 28, 2024 03:59 PM is 135.23

The latest PB ratio of Info Edge (India) Ltd as of Jun 28, 2024 03:59 PM is 0.34

The 52-week high of Info Edge (India) Ltd share price is Rs. 6,819.95 while the 52-week low is Rs. 3,972.05

According to analyst recommendations, Info Edge (India) Ltd Share has a "Buy" rating for the long term.

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 Jun 28, 2024 03:59 PM, the market cap of Info Edge (India) Ltd stood at Rs. 87,798.04 Cr.

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