Info Edge (India) Ltd
NAUKRIInfo Edge (India) Ltd is coiled. The quarters are improving, yet the P/E sits at the 21st percentile of its own 11-year range — the business is moving before the market.
The sharpest disagreement: annual EPS moved +50.6% against a −8.1% price move — the market has not yet caught up with the delivery.
The price is in a confirmed uptrend (4 weeks in) while the P/E sits at the 21st percentile of its own 11-year range. Underneath, the last four quarters read improving — profit +42.9% year on year, and 72% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Info Edge (India) Ltd trades at ₹1,251, in a confirmed uptrend and 4 weeks into that stage. That is +5.0% against its own 200-day average. It sits at 70% of a 52-week range of ₹928 to ₹1,389. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 11 straight weeks.
Today the stock is in a confirmed uptrend — week 4 of stage 2, confirmed. At ₹1,251 it trades +5.0% versus its 200-day average and sits at 70% of its 52-week range (₹928–₹1,389).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +717% while the NIFTY 500 moved +259% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 11 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Story check
Info Edge (India) Ltd's story is not scored yet against the markers our research file set on 22 August 2026. Where it sits in its own cycle: MID_EXPANSION. Our fortnightly research layers last read it on 22 August 2026.
Our read, 22 August 2026. Info Edge combines a high-margin recruitment cash engine with loss reduction in real estate and matrimony, but a peak-margin profile and non-core income make the stock a PEAK_MARGIN_VALUE_TRAP rather than an optically cheap recovery.
From the numbers. Info Edge is in MID_EXPANSION operationally: revenue grew 11.4-15.9% YoY across the latest four quarters and OPM rose from 35% to 39%. The valuation conclusion is nevertheless PEAK_MARGIN_VALUE_TRAP. Margin expansion…
From the price. Price stage 2, week 4 — above its 200-day line, relative strength rising.
From the research. Info Edge combines a high-margin recruitment cash engine with loss reduction in real estate and matrimony, but a peak-margin profile and non-core income make the stock a PEAK_MARGIN_VALUE_TRAP rather than an optically…
🚨 Where they disagree. Info Edge is in MID_EXPANSION operationally: revenue grew 11.4-15.9% YoY across the latest four quarters and OPM rose from 35% to 39%. The valuation conclusion is nevertheless PEAK_MARGIN_VALUE_TRAP. Margin expansion and reduced non-recruitment losses may prove partly structural, but the normalized 25.3% OPM benchmark, 70.0x normalized PE and material treasury-style other income require evidence before treating the low historical PE percentile as value. A rebuttal requires sustained 99acres cash generation, recurring AI-product renewals and margin durability without reliance on non-core income.
What is proven. Info Edge combines a high-margin recruitment cash engine with loss reduction in real estate and matrimony, but a peak-margin profile and non-core income make the stock a PEAK_MARGIN_VALUE_TRAP rather than an optically cheap recovery.
What is not proven yet. A sustained deceleration in core Naukri billings growth below 7% YoY over two consecutive quarters, coupled with 99acres market-share loss, failure of AI-Rex paid conversion beyond initial trial cohorts, or consolidated OPM falling materially toward the 25.3% normalized level without offsetting operating growth.
🚨 What would change our mind. A sustained deceleration in core Naukri billings growth below 7% YoY over two consecutive quarters, coupled with 99acres market-share loss, failure of AI-Rex paid conversion beyond initial trial cohorts, or consolidated OPM falling materially toward the 25.3% normalized level without offsetting operating growth.
Layer 1 read, 22 August 2026 — KEEP. Recruitment is compounding for real, but half the reported profit is portfolio gains and margins sit at a decade high. Revenue has risen in each of the last twelve quarters to Rs881 Cr and operating margin has gone from 21% to 39%, with 99acres' quarterly loss down to Rs2 Cr and Jeevansathi's annual loss down to Rs4 Cr from Rs120 Cr — the platforms are genuinely turning. But two facts cap it: margin is at the 95th percentile of its own ten-year band versus a 25.3% mid-cycle level, which on the same model puts the multiple at about 70 times instead of 59, and I found that Rs331 Cr of the Rs632 Cr June pre-tax profit was other income that swung between Rs136 Cr and Rs572 Cr over five quarters — portfolio marks, not platform earnings. Core recruitment billings growth has also cooled to 10%, so the price is…
What would change Layer 1’s mind. The timeline's own kill-switch is core Naukri billings growth staying below 7% for two straight quarters; I sharpen it to this: a September 2026 quarter in which consolidated operating margin drops below 34% while recruitment billings growth falls under 10% — that combination would mean the peak-margin normalisation has started without the volume growth to offset it, and it flips this to DROP. In the other direction, two clean quarters where core operating profit before tax (excluding the…
Layer 2 read, 22 August 2026 — BENCH. The recruitment engine is good, but AI pressure and non-core income leave no valuation cushion. Core operating profit and margin are hard facts, but the normal-margin and normalized-PE figures are soft model reads that still point to risk. Sector claim Q2 and chain-7 confirm AI hurts rented-search demand, matching the Shiksha evidence, while sector claim Q6 flags non-core income. The -45.3% DCF MoS is therefore not overridden, so this P2 stays BENCH.
What would change Layer 2’s mind. Flip BENCH to ADVANCE after two consecutive quarters in which 99acres generates cash and core Naukri billings stay above 7%, with repeat AI-Rex renewals rather than trial conversions.
The test written in advance. PEAK_MARGIN_VALUE_TRAP and Non-Core Income — PEAK_MARGIN_VALUE_TRAP and Non-Core Income by the next result.
The test written in advance. AI-Driven Search Disruption in Education (Shiksha) — AI-Driven Search Disruption in Education (Shiksha) Shiksha billings decline worse than 25% YoY or a move from profitable operating PBT to operating loss. by the next result.
What the company does. Core recruitment reported a 58% segment operating margin and new AI-led products, while GCC hiring expanded 31% YoY in Q1 FY27. 99acres and Jeevansathi have narrowed losses, but their progress must translate into durable cash generation before it offsets a slowing mid-market hiring cycle. The deterministic normalization identifies OPM at the 95th percentile; applying a 25.3% mid-cycle OPM raises valuation to 70.0x normalized PE versus 59.4x trailing PE.
| Dial | Now | Was | Why it matters | Watch line |
|---|---|---|---|---|
| Recruitment AI Monetization & GCC Hiring… | in play | — | AI-Rex, Talent Pulse and GCC demand can support recruitment premiumization. | Corporate recruiters do not renew AI-Rex after trials or GCC hiring freezes because of global macro retrenchment. |
| 99acres Traffic Leadership & Loss… | in play | — | Traffic share gains and reduced losses support the FY27 cash-generation test. | Competitors restart heavy discounting or developer ad spending contracts before traffic converts into monetization. |
| Jeevansathi & Aisle Breakeven Inflection | in play | — | Matrimony and dating platforms are reducing losses through scale and monetization. | Competitive discounting in Hindi-speaking markets requires materially higher marketing expenditure. |
| Naukri 360 Digital Self-Serve Model Scaling | in play | — | A shift from telecalling to self-serve delivery can improve job-seeker economics. | Paid conversion plateaus or candidate willingness to pay for resume and interview tools weakens in a soft hiring cycle. |
🚨 What the surface reading misses. The surface reading is: Operating margin reached 39% in Q1 FY27. The research reads it further: OPM rose from 33% to 39% YoY, but the deterministic normalization identifies 38.7% trailing OPM as the 95th percentile of the historical band. Recruitment margin, the Naukri 360 self-serve shift and 99acres loss reduction may support margin, while mid-market hiring remains a constraint.
🚨 What the surface reading misses. The surface reading is: Net profit grew 309.4% YoY in Q2 FY26. The research reads it further: The growth rate reflects the unusually low Q2 FY25 PAT base and below-operating-line effects, not a like-for-like tripling of operating capacity.
Sources: our stock research file (22 August 2026) · quarterly results through Jun 26 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Info Edge (India) Ltd reported ₹881 Cr of revenue in the Jun 26 quarter, +11.4% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 15.9% a year. The last full year, FY26, came in at ₹3,285 Cr. The last four reported quarters add to ₹3,374 Cr.
FY26 revenue came in at ₹3,285 Cr (+15.3% on the year), capping 10 years at 15.9% compound. The latest quarter (Jun 26) printed ₹881 Cr, +11.4% year on year — the 12th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +13.9% growth against the decade's 15.9% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +13.8% over the last 4 quarters against +14.2%/yr over the last 8 — stabilising; TTM profit +37.1% vs +64.5%/yr — rolling over.
FY26-Q4. revenue ₹869 Cr and profit ₹756 Cr as reported.
FY27-Q1. revenue ₹881 Cr and profit ₹490 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Info Edge (India) Ltd's operating margin is 39.0% in the Jun 26 quarter, +6.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged −27.0% to 36.0%. The current quarter is running above every full year in that window.
The latest quarter's operating margin is 39.0%, +6.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −27.0%–36.0%, and FY26's 36.0% is the top of that band — a record year.
Why the margin moved: operating margin went +5.8 pp year on year while gross margin went +0.0 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
FY26-Q4. revenue ₹869 Cr and profit ₹756 Cr as reported.
FY27-Q1. revenue ₹881 Cr and profit ₹490 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Info Edge (India) Ltd earned ₹490 Cr of net profit in the Jun 26 quarter, +42.9% year on year. It is the 7th consecutive quarter of growth. Full-year FY26 profit was ₹1,763 Cr. The 10-year compound rate is 31.1%. That is 55.6% of the quarter's revenue. The same quarter a year earlier earned ₹343 Cr.
Jun 26 profit was ₹490 Cr, +42.9% year on year — the 7th consecutive quarter of growth. On the full year, FY26 printed ₹1,763 Cr (+34.6%), and the 10-year compound rate is 31.1%.
Why profit moved: revenue contributed +11.4% and the margin +6.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +93.5% vs revenue +13.9%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
FY26-Q4. revenue ₹869 Cr and profit ₹756 Cr as reported.
FY27-Q1. revenue ₹881 Cr and profit ₹490 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 72% of Info Edge (India) Ltd's reported profit arrived as operating cash — most of the profit is real cash. In FY26 that was ₹1,076 Cr of operating cash against ₹1,763 Cr of profit. After ₹103 Cr of capital spending, ₹973 Cr was left as free cash.
Why this happened. Applying the Operating Leverage Catapult, 99acres reported 49% web, 55% app and 69% iOS traffic share in Q1 FY27. Management said losses narrowed on billing recovery, controlled costs and lower competitive pressure, with ₹2 crore current loss versus ₹17 crore underlying loss in the prior quarter. Management expects cash generation during FY27, contingent on sales fixes and softer competition.
FY26: operating cash of ₹1,076 Cr against reported profit of ₹1,763 Cr, leaving free cash of ₹973 Cr after ₹103 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 72% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 72%: the cash cycle held roughly steady between FY21 and FY26 — so conversion tracks profitability rather than the cycle.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Info Edge (India) Ltd's cash conversion cycle runs 1 days in FY26, down from 2 days in FY21. Capital spending ran ₹300 Cr over the last 3 years. At FY26 sales of ₹3,285 Cr each day of that cycle holds about ₹9.0 Cr, so roughly ₹9.0 Cr sits inside the business at any moment.
Why this happened. Info Edge is using its recruitment database to introduce AI-led recruiter workflows. AI-Rex reached more than 4,000 customers with over 10% paying, while Talent Pulse exceeded 600 paid customers and uses consumption-based tiers. This product effort coincided with 31% YoY GCC growth in Q1 FY27, although mid-market and consultant demand remain watch items.
FY26: debtors at 1 days (an asset-light business — no inventory to speak of) — for a full cycle of 1 days, tighter than FY21's 2.
In money terms: at FY26 sales of ₹3,285 Cr, each day of the cycle holds about ₹9.0 Cr — so the 1-day loop keeps roughly ₹9.0 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹300 Cr over the last 3 fiscal years against ₹337 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹18.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Info Edge (India) Ltd earns a ROCE of 3% in FY26. That is up from a trough of −13% in FY20. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 53.7% net margin on 0.07× asset turns.
FY26 ROCE is 3%, recovered from a FY20 trough of −13% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 53.7% net margin × 0.07× asset turns × 1.25× balance-sheet leverage ≈ 4.7% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.
The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 352% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Info Edge (India) Ltd carries ₹259 Cr of borrowings against ₹37,914 Cr of equity in FY26, a debt-to-equity of 0.01. Operating profit covers the interest bill 28×. Over 5 years borrowings went from ₹65.0 Cr to ₹259 Cr. Capital spending ran ₹300 Cr across the last 3 of those years.
FY26: borrowings of ₹259 Cr against equity of ₹37,914 Cr — a debt-to-equity of 0.01. Operating profit covers the interest bill 28×. Over 5 years borrowings went from ₹65.0 Cr to ₹259 Cr while capital spending ran ₹300 Cr in just the last 3 — part of the build-out is riding on borrowed money.
The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 352% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions added 9.1 points of Info Edge (India) Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 27.8% of the company. Foreign institutions moved −8.4 points over the same window, to 23.7%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: +9.1 points over 8 quarters to 27.8%; Foreign institutions: −8.4 points over 8 quarters to 23.7%; Promoters: −0.4 points over 8 quarters to 37.5%.
Why the register moved: rotation — foreign institutions −8.4 points against domestic institutions +9.1 points over 8 quarters, with promoters holding steady — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Info Edge (India) Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Info Edge (India) Ltd trades at 55.0× P/E, near the bottom of its own range — cheaper only 21% of the time. Its long-run median P/E is 78.8×, measured across 10.6 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 55.0× is near the bottom of its own range — cheaper only 21% of the time, against a long-run median of 78.8× measured over 10.6 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.
Why the multiple sits where it does: over the past year annual EPS moved +50.6% against a −8.1% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the −1.3%/yr price move, ~+62.8%/yr came from earnings growth and ~−64.1 pp from the multiple (compressing); over 10y, of the +22.4%/yr price move, ~+24.6%/yr came from earnings growth and ~−2.2 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
The PEG ratio and its quarterly curve, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 352% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 26 August 2026 price, Info Edge (India) Ltd was paying for profit growth of about 28.3% a year. Profit itself has compounded 31.1% a year over the past 10 years. Today the market pays 55.0× P/E, the 21st percentile of its own 11-year range.
What the two numbers say together. The multiple is low against its own past, and the growth the price is paying for is close to what this company has actually delivered.
How to hold this number: it is a reading of one day's price, taken on 26 August 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Info Edge (India) Ltd reads as mixed on its fundamental arc. Mixed — the growth curves are steadily positive, but ROCE at 3.0% is below the 15% bar this page requires to call it Consistent. The read is built from 11 quarters across 3 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +15.3% | +11.9% | +23.8% | +15.9% |
| Profit | +34.6% | — | +4.5% | +31.1% |
| EPS | +50.6% | — | +0.3% | +25.9% |
| Share price | −8.1% | +11.8% | −1.3% | +22.4% |
4-Factor Sector Score
50.7/100 — rank 9 of 13 in E-Commerce - Platform - Utility · 75% evidence confidence
Info Edge (India) Ltd scores 50.7 out of 100 against the 13 companies it is compared with in E-Commerce - Platform - Utility, ranking 9. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 21.7 + 9.8 + 9.6 + 9.6 = 50.7. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Said versus delivered
What Info Edge (India) Ltd's management promised, set against what actually arrived — 4 tracked promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.
Job Hai Rollout Accelerated Without Reconciliation · 10 August 2026. In Feb 2026, management described a measured expansion over the following 12 months, focused initially on Bombay, Bangalore and a few other cities. In Aug 2026, management said it was taking Job Hai national and targeting 18 cities over the next few months, a materially faster rollout cadence with no explanation for the change in expansion strategy or investment assumptions.
Real Estate Traffic Share Revision · 13 February 2026. Management significantly overstated their Q2 market position in the prior call, claiming a 47-50% traffic share. In the latest call, they retroactively revised the Q2 traffic share down to 44%, creating a discrepancy in the competitive dominance narrative. Earlier call (Nov 2025): “Our traffic share for the last three months has averaged between 47% to 50% while the other two players are in the mid-20s range. In the month of September, we touched 50% as well.” Later call (Feb 2026): “Our investments in the platform supported additional gains in traffic share with the quarterly average at 46% up from 44% in Q2.”
Matrimony Strategy Pivot · 13 February 2026. In November 2025, management explicitly stated they were not focused on profitability and were prioritizing growth and market share. By February 2026, the narrative shifted to focusing on improving sales conversions, ARPUs, and operating near break-even due to high competitive intensity. Earlier call (Nov 2025): “Again, we are not focused on profitability, we want to grow and gain share in Jeevansathi.” Later call (Feb 2026): “Jeevansathi remained focused on improving sales conversions and Arpus during the quarter... Both businesses are operating near break even now.”
Non-IT Growth Narrative Reversal · 13 February 2026. Management previously claimed in November that most non-IT sectors were growing between 10-15%, signaling resilience outside of tech. The latest call contradicts this by reporting that 'all other sectors combined' grew at only 2%, with specific softness in key non-IT verticals like BFSI, retail, and infrastructure. Earlier call (Nov 2025): “The non-IT market has been growing, most non-IT sectors have been growing at between 10 and 15% for us.” Later call (Feb 2026): “BFSI retail infrastructure and consultant segments witness softness in growth... and all the other sectors combined grew at 2%.”
Every quote above is taken word for word from the company’s own earnings calls.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Creative Newtech LtdCNL | 70.7/100Favorable setup87% evidence | LEADER | 28.2/35 Revenue 49.2% · PAT 37% · OPM change 2 pp 95% evidence | 12.2/25 ROCE 18.8% · OPM 5% 95% evidence | 10.3/20 P/E 22.8× · PEG — 50% evidence | 20.0/20 RS sector 29.6% · RS bench 51.2% · 1Y 75.3%12 of 12 weeks ahead 100% evidence |
| Exact sum: 28.2 + 12.2 + 10.3 + 20 = 70.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2MPS LtdMPSLTD | 64.5/100Mixed-positive evidence94% evidence | BREAKING OUT | 20.7/35 Revenue 10% · PAT 19% · OPM change 7 pp 100% evidence | 22.0/25 ROCE 38.7% · OPM 34% 100% evidence | 12.9/20 P/E 24.4× · PEG 0.43 100% evidence | 8.9/20 RS sector -13.2% · RS bench 31.1% · 1Y 16.1%10 of 10 weeks ahead 70% evidence |
| Exact sum: 20.7 + 22 + 12.9 + 8.9 = 64.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3MSTC LtdMSTCLTD | 58.3/100Mixed-positive evidence76% evidence | BREAKING OUT | 18.8/35 Revenue 21% · PAT -42.9% · OPM change 5 pp 95% evidence | 20.1/25 ROCE 30.3% · OPM 61% 76% evidence | 9.1/20 P/E 22.2× · PEG — 50% evidence | 10.3/20 RS sector -5.3% · RS bench 42.9% · 1Y 47.5%10 of 10 weeks ahead 70% evidence |
| Exact sum: 18.8 + 20.1 + 9.1 + 10.3 = 58.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4RNFI Services LtdRNFI | 58.3/100Mixed-positive evidence74% evidence | TURNING | 19.7/35 Revenue 6.5% · PAT 34.1% · OPM change -0.8 pp 95% evidence | 16.1/25 ROCE 27.3% · OPM 3.9% 95% evidence | 10.1/20 P/E 30.3× · PEG — 15% evidence | 12.4/20 RS sector 2.6% · RS bench 14.8% · 1Y 12.4%2 of 10 weeks ahead 70% evidence |
| Exact sum: 19.7 + 16.1 + 10.1 + 12.4 = 58.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Macfos Ltd543787 | 56.8/100Mixed-positive evidence75% evidence | FADING | 16.8/35 Revenue 21.1% · PAT 43.1% · OPM change -1.9 pp 95% evidence | 18.5/25 ROCE 34.2% · OPM 10.6% 76% evidence | 9.9/20 P/E 43.2× · PEG — 15% evidence | 11.6/20 RS sector 5.2% · RS bench 24.6% · 1Y 64.6%8 of 12 weeks ahead 100% evidence |
| Exact sum: 16.8 + 18.5 + 9.9 + 11.6 = 56.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Indiamart Intermesh LtdINDIAMART | 55.4/100Mixed-positive evidence100% evidence | ASLEEP | 16.9/35 Revenue 12.7% · PAT -16.6% · OPM change 0 pp 100% evidence | 19.8/25 ROCE 28% · OPM 32% 100% evidence | 18.7/20 P/E 20.7× · PEG 0.68 100% evidence | 0.0/20 RS sector -30.9% · RS bench -18.6% · 1Y -33.7%0 of 12 weeks ahead 100% evidence |
| Exact sum: 16.9 + 19.8 + 18.7 + 0 = 55.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7Pine Labs LtdPINELABS | 55.4/100Mixed-positive evidence63% evidence | BREAKING OUT | 28.9/35 Revenue 19.5% · PAT 100% · OPM change 6 pp 100% evidence | 7.7/25 ROCE 4.2% · OPM 13% 100% evidence | 8.8/20 P/E 180× · PEG — 15% evidence | 10.0/20 RS sector — · RS bench — · 1Y —4 of 10 weeks ahead 0% evidence |
| Exact sum: 28.9 + 7.7 + 8.8 + 10 = 55.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8One 97 Communications LtdPAYTM | 53.6/100Mixed-positive evidence87% evidence | BREAKING OUT | 26.1/35 Revenue 22.6% · PAT 100% · OPM change 4.2 pp 100% evidence | 5.1/25 ROCE 5% · OPM 8% 100% evidence | 6.3/20 P/E 143× · PEG 2.42 65% evidence | 16.1/20 RS sector 12.8% · RS bench 47% · 1Y 44.1%9 of 10 weeks ahead 70% evidence |
| Exact sum: 26.1 + 5.1 + 6.3 + 16.1 = 53.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9Info Edge (India) Ltdthis pageNAUKRI | 50.7/100Mixed-positive evidence75% evidence | BREAKING OUT | 21.7/35 Revenue 13.8% · PAT 37.1% · OPM change 6 pp 95% evidence | 9.8/25 ROCE 3.5% · OPM 39% 76% evidence | 9.6/20 P/E 55× · PEG — 15% evidence | 9.6/20 RS sector -8.1% · RS bench 7.2% · 1Y -7.1%10 of 12 weeks ahead 100% evidence |
| Exact sum: 21.7 + 9.8 + 9.6 + 9.6 = 50.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10TBO Tek LtdTBOTEK | 45.9/100Mixed-negative evidence87% evidence | BREAKING OUT | 17.0/35 Revenue 69% · PAT 14.2% · OPM change 1 pp 100% evidence | 14.1/25 ROCE 18.3% · OPM 15% 100% evidence | 4.3/20 P/E 67.8× · PEG 6.18 65% evidence | 10.5/20 RS sector -2.5% · RS bench 17.1% · 1Y 8.9%10 of 10 weeks ahead 70% evidence |
| Exact sum: 17 + 14.1 + 4.3 + 10.5 = 45.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 11Just Dial LtdJUSTDIAL | 33.9/100Adverse evidence87% evidence | BREAKING OUT | 6.6/35 Revenue 7.3% · PAT -16.6% · OPM change -2 pp 100% evidence | 10.5/25 ROCE 7% · OPM 27% 100% evidence | 11.1/20 P/E 10.9× · PEG 1.83 65% evidence | 5.7/20 RS sector -20.6% · RS bench 3.5% · 1Y -18.9%9 of 10 weeks ahead 70% evidence |
| Exact sum: 6.6 + 10.5 + 11.1 + 5.7 = 33.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12One Mobikwik Systems LtdMOBIKWIK | 31.8/100Adverse evidence66% evidence | TURNING | 16.1/35 Revenue 2.7% · PAT 92% · OPM change 18.1 pp 71% evidence | 2.2/25 ROCE -2.3% · OPM 2.9% 95% evidence | 8.5/20 P/E 562× · PEG — 15% evidence | 5.0/20 RS sector -13.8% · RS bench -2% · 1Y -28.6%2 of 10 weeks ahead 70% evidence |
| Exact sum: 16.1 + 2.2 + 8.5 + 5 = 31.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13Urban Company LtdURBANCO | 28.8/100Adverse evidence65% evidence | BREAKING OUT | 7.3/35 Revenue 39.6% · PAT -80% · OPM change -14.4 pp 100% evidence | 0.5/25 ROCE -7.8% · OPM -18% 100% evidence | 10.0/20 P/E — · PEG — 0% evidence | 11.0/20 RS sector — · RS bench 23.9% · 1Y -9.7%5 of 10 weeks ahead 25% evidence |
| Exact sum: 7.3 + 0.5 + 10 + 11 = 28.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Info Edge (India) Ltd's share price today?
Info Edge (India) Ltd trades at ₹1,251, −8.1% over the past year. The company is valued at ₹81,104 Cr. The stock sits at 70% of its 52-week range of ₹928–₹1,389, +5.0% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 4 weeks in. — as of 11 September 2026.
What were Info Edge (India) Ltd's latest quarterly results?
Info Edge (India) Ltd reported revenue of ₹881 Cr and net profit of ₹490 Cr for the Jun 26 quarter. Revenue rose 11.4% and profit rose 42.9% year on year. Earnings per share were ₹6.87. The operating margin was 39.0%, 6.0 pp higher than a year earlier. — as of 11 September 2026.
What is Info Edge (India) Ltd's revenue?
Info Edge (India) Ltd reported revenue of ₹881 Cr in the Jun 26 quarter, +11.4% year on year. For the full FY26 fiscal year, revenue was ₹3,285 Cr (+15.3%). Over the last 10 years revenue compounded at 15.9% a year. — as of 11 September 2026.
What is Info Edge (India) Ltd's profit?
Info Edge (India) Ltd earned ₹490 Cr of net profit in the Jun 26 quarter, +42.9% year on year — the 7th straight quarter of growth. Full-year FY26 profit was ₹1,763 Cr. The operating margin ran 39.0% in the latest quarter. — as of 11 September 2026.
What is Info Edge (India) Ltd's market cap?
Info Edge (India) Ltd's market capitalisation is ₹81,104 Cr at a share price of ₹1,251. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is Info Edge (India) Ltd's P/E ratio?
Info Edge (India) Ltd trades at a P/E of 55.0×, at the 21st percentile of its own 11-year range, against a long-run median of 78.8×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does Info Edge (India) Ltd pay a dividend?
Yes — Info Edge (India) Ltd's dividend payout was 38% of profit in FY26, and it recorded a payout in 10 of its last 13 reported fiscal years. 3 of those years show a negative ratio because profit itself was negative. — as of 11 September 2026.
Is Info Edge (India) Ltd overvalued?
On its own history, Info Edge (India) Ltd looks cheap: its P/E of 55.0× has been cheaper only 21% of the time in 11 years (long-run median 78.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 11 September 2026.
Is Info Edge (India) Ltd growing?
Yes — Info Edge (India) Ltd is growing: latest-quarter revenue +11.4% year on year, profit +42.9%, and the margin +6.0 pp at 39.0%. The 10-year compound rates are 15.9% (revenue) and 31.1% (profit). The earnings engine currently reads: improving — as of 11 September 2026.
How is Info Edge (India) Ltd performing?
Info Edge (India) Ltd is in a confirmed uptrend, 4 weeks in. Its latest quarter's revenue rose 11.4% and profit rose 42.9% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 11 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
What stage is Info Edge (India) Ltd in?
Mixed — the growth curves are steadily positive, but ROCE at 3.0% is below the 15% bar this page requires to call it Consistent. The read comes from the last 12 quarters of growth (revenue growth +13.8% latest, profit growth +42.9% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is Info Edge (India) Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 4 of stage 2), trading +5.0% versus its 200-day average and at 70% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is Info Edge (India) Ltd beating the market?
On recent form, yes — Info Edge (India) Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 11 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +717% against the NIFTY 500's +259% — ahead of the index over the full window. — as of 11 September 2026.
Will Info Edge (India) Ltd's share price go up?
This page publishes no price forecast for Info Edge (India) Ltd. What it measures instead: the share price is ₹1,251, the price is in a confirmed uptrend 4 weeks in. Its P/E of 55.0× sits at the 21st percentile of its own 11-year range. — as of 11 September 2026.
Who owns Info Edge (India) Ltd?
Promoters hold 37.5% of Info Edge (India) Ltd, foreign institutions 23.7%, domestic institutions 27.8% and the public 10.9% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 9.1 points over 8 quarters. — as of 11 September 2026.
Does Info Edge (India) Ltd have too much debt?
No — Info Edge (India) Ltd's debt-to-equity is 0.01, and operating profit covers the interest bill 28×. FY26 borrowings were ₹259 Cr against equity of ₹37,914 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.
What is Info Edge (India) Ltd's capex?
Info Edge (India) Ltd spent ₹300 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹103 Cr, with ₹18.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is Info Edge (India) Ltd's cash flow?
Info Edge (India) Ltd generated ₹1,076 Cr of operating cash flow in FY26 and ₹973 Cr of free cash flow after ₹103 Cr of capital spending. Reported profit that year was ₹1,763 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is Info Edge (India) Ltd's profit real cash?
Mostly — over the last 3 fiscal years, 72% of Info Edge (India) Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹1,076 Cr against reported profit of ₹1,763 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 11 September 2026.
Where is Info Edge (India) Ltd in its business cycle?
Info Edge (India) Ltd's FY26 operating margin was 36.0%, against a 13-year band of −27.0%–36.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 39.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What growth does Info Edge (India) Ltd's price assume?
At its price on 26 August 2026, Info Edge (India) Ltd was priced for profit growth of about 28.3% a year. Profit itself has compounded 31.1% a year over the past 10 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.
What could break the Info Edge (India) Ltd story?
The sharpest disagreement: annual EPS moved +50.6% against a −8.1% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is Info Edge (India) Ltd a stock worth studying right now?
This is not investment advice. The machine read: Info Edge (India) Ltd is coiled. The quarters are improving, yet the P/E sits at the 21st percentile of its own 11-year range — the business is moving before the market. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!