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- eMudhra
eMudhra Valuation Multiples
Discover revenue and EBITDA valuation multiples for eMudhra and similar public comparables like Mia Teknoloji, Baudroie, AHNLAB, OneSpan and more.
eMudhra Overview
About eMudhra
eMudhra Ltd provides various solutions and services like digital signatures, authentication solutions, paperless office solutions and other solutions around PKI technology. It stands for enabling a digital future with a foundation built on digital identity and trust. The company's products include digital signature certificates, authentication solutions, paperless office solutions, Certifying Authority solutions, solutions for securing data at rest and data in transit, solutions for Internet of Things (IoT), etc.
Founded
2008
HQ

Employees
851
Website
Financials (LTM)
EV
$433M
eMudhra Financials
eMudhra reported last 12-month revenue of $78M and EBITDA of $18M.
In the same LTM period, eMudhra generated $18M in EBITDA and $12M in net income.
Revenue (LTM)
eMudhra P&L
In the most recent fiscal year, eMudhra reported revenue of $62M and EBITDA of $15M.
eMudhra expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $78M | XXX | $62M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $44M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 72% | XXX | XXX | XXX |
| EBITDA | $18M | XXX | $15M | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 24% | XXX | XXX | XXX |
| EBIT Margin | 18% | XXX | 19% | XXX | XXX | XXX |
| Net Profit | $12M | XXX | $10M | XXX | XXX | XXX |
| Net Margin | 15% | XXX | 17% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
eMudhra Stock Performance
eMudhra has current market cap of $443M, and enterprise value of $433M.
Market Cap Evolution
eMudhra's stock price is $5.40.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $433M | $443M | 0.5% | XXX | XXX | XXX | $0.13 |
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Start Free TrialeMudhra Valuation Multiples
eMudhra trades at 5.6x EV/Revenue multiple, and 24.0x EV/EBITDA.
EV / Revenue (LTM)
eMudhra Financial Valuation Multiples
As of April 19, 2026, eMudhra has market cap of $443M and EV of $433M.
Equity research analysts estimate eMudhra's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
eMudhra has a P/E ratio of 36.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $443M | XXX | $443M | XXX | XXX | XXX |
| EV (current) | $433M | XXX | $433M | XXX | XXX | XXX |
| EV/Revenue | 5.6x | XXX | 7.0x | XXX | XXX | XXX |
| EV/EBITDA | 24.0x | XXX | 29.5x | XXX | XXX | XXX |
| EV/EBIT | 30.1x | XXX | 36.6x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 9.8x | XXX | XXX | XXX |
| P/E | 36.7x | XXX | 42.9x | XXX | XXX | XXX |
| EV/FCF | (292.8x) | XXX | 218.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified eMudhra Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


eMudhra Margins & Growth Rates
eMudhra's revenue in the last 12 month grew by 34%.
eMudhra's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
eMudhra's rule of 40 is 58% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
eMudhra's rule of X is 110% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
eMudhra Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 34% | XXX | 24% | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 24% | XXX | XXX | XXX |
| EBITDA Growth | 36% | XXX | 21% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 58% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 110% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 54% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
eMudhra Public Comps
See public comps and valuation multiples for other Cybersecurity comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| eMudhra | XXX | XXX | XXX | XXX | XXX | XXX |
| Mia Teknoloji | XXX | XXX | XXX | XXX | XXX | XXX |
| Baudroie | XXX | XXX | XXX | XXX | XXX | XXX |
| AHNLAB | XXX | XXX | XXX | XXX | XXX | XXX |
| OneSpan | XXX | XXX | XXX | XXX | XXX | XXX |
| WebRAY Tech Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
eMudhra M&A Activity
eMudhra acquired XXX companies to date.
Last acquisition by eMudhra was on XXXXXXXX, XXXXX. eMudhra acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by eMudhra
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialeMudhra Investment Activity
eMudhra invested in XXX companies to date.
eMudhra made its latest investment on XXXXXXXX, XXXXX. eMudhra invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by eMudhra
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout eMudhra
| When was eMudhra founded? | eMudhra was founded in 2008. |
| Where is eMudhra headquartered? | eMudhra is headquartered in India. |
| How many employees does eMudhra have? | As of today, eMudhra has over 851 employees. |
| Is eMudhra publicly listed? | Yes, eMudhra is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of eMudhra? | eMudhra trades under EMUDHRA ticker. |
| When did eMudhra go public? | eMudhra went public in 2022. |
| Who are competitors of eMudhra? | eMudhra main competitors are Mia Teknoloji, Baudroie, AHNLAB, OneSpan. |
| What is the current market cap of eMudhra? | eMudhra's current market cap is $443M. |
| What is the current revenue of eMudhra? | eMudhra's last 12 months revenue is $78M. |
| What is the current revenue growth of eMudhra? | eMudhra revenue growth (NTM/LTM) is 34%. |
| What is the current EV/Revenue multiple of eMudhra? | Current revenue multiple of eMudhra is 5.6x. |
| Is eMudhra profitable? | Yes, eMudhra is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of eMudhra? | eMudhra's last 12 months EBITDA is $18M. |
| What is eMudhra's EBITDA margin? | eMudhra's last 12 months EBITDA margin is 23%. |
| What is the current EV/EBITDA multiple of eMudhra? | Current EBITDA multiple of eMudhra is 24.0x. |
| What is the current FCF of eMudhra? | eMudhra's last 12 months FCF is ($1M). |
| What is eMudhra's FCF margin? | eMudhra's last 12 months FCF margin is (2%). |
| What is the current EV/FCF multiple of eMudhra? | Current FCF multiple of eMudhra is (292.8x). |
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