Info Edge (India) Ltd

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NSEBSE

5183.75-100.50 (-1.90%)

12:00 AM,2nd Mar 2024

5190.40-105.60 (-1.99%)

12:00 AM,2nd Mar 2024

BSE : 532777

NSE : NAUKRI

Sector : Others

ISIN Code : INE663F01024

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Last Updated: Mar 02 2024 | 12:00 AM IST

Market Cap (₹ Cr)

67067

Turnover (₹ Cr)

2.37

Volume (Shares)

45659

Face Value

10

52-WK High

5545.00

52-WK High Date

12 Feb 2024

52-WK Low

3308.20

52-WK Low Date

14 Mar 2023

All Time High

7465.40

All Time High Date

19 Oct 2021

All Time Low

94.05

All Time Low Date

21 Nov 2008

Info Edge (India) Ltd

Info Edge (India) Ltd. is one of India's premier internet based business. The Company is primarily in the business of operating multiple internet based services through its various web portals and mobile applications. It currently operates in four service verticals such as in recruitment solutions through its brands naukri.com iimjobs.com hirist.com ambitionbox.com bigshyft.com jobhai.com; in real estate services through its brand 99acres.com; in matrimonial services through its brand jeevansaathi.com and in education services through its brand shiksha.com. It has a network of 79 offices located in 55 cities throughout India. It has made forays abroad into the Gulf market with the website www.naukrigulf.com and currently has offices Dubai Bahrain Riyadh Qatar and Abu Dhabi.In the last decade Info Edge has also expanded by investing in businesses that have been conceptualized and initially developed by separate entrepreneurial oriented management teams. Each of these businesses are managed externally with inputs from Info Edge. Essentially these are part of an investment portfolio of the company. Some of these investee companies include zomato.com (online restaurant classifieds and food delivery business) and policybazaar.com (online insurance).Info Edge India Ltd was incorporated on May 1 1995 as Info Edge India Pvt Ltd and they went public on April 27 2006. In March 1997 the internet portal naukri.com was launched and in December 1998 jeevansathi.com was launched.In November 2000 the company acquired the business of Quadrangle division. In September 2004 the company acquired Jeevansathi Internet Services Pvt Ltd and they became the wholly owned subsidiary company. The internet portal 99acres.com was launched on September 15 2005.In July 2006 the company launched the internet portal naukrigulf.com and in July 2007 they launched the internet portal asknaukri.com. In August 2007 the company entered the domain of professional networking services by launching the internet portal brijj.com and in May 2008 they forayed into the online education by launching the internet portal shiksha.com.During 2010-2011 the company invested in Nogle Technologies Pvt Ltd Kinobeo Software Pvt Ltd Ninety Nine Labels Pvt Ltd Zomato.com etc. During 2011-2012 the company invested in Canvera Digital Technologies Pvt Ltd Zomato Media Pvt Ltd Happily Unmarried Marketing Pvt Ltd. The company also acquired the business of Tootstep consultancy private Ltd during the year under review. During 2012-2013 the company acquired Makesence Technologies Pvt Ltd. During the 2014-2015 the company gets RBI nod to raise FII investment limit. The company also made investment in Canvera Digital Technologies Pvt Ltd and also transfered Policybazar shareholding during the year under review. In August 2015 the company made investment in Mint Bird Technologies Private Limited. The website www.vacationlabs.com is a web-based booking system for tour operators providing services such as processing bookings collecting payments sending confirmation emails reminder emails feedback requests accounting and more.On 13 October 2015 Info Edge (India) announced that it has transferred its entire shareholding in Etechaces Marketing and Consulting Private Limited (Etechaces or Policybazaar to its wholly owned subsidiary MakeSense Technologies Limited (Makesense) for a total consideration of about Rs 101.30 crore. Makesense has entered into a definitive agreement with MacRitchie Investments Pte. Ltd. (MacRitchie) an indirect wholly owned subsidiary of Temasek an investment company based in Singapore enabling MacRitchie to subscribe to the shares of Makesense to extent of 49.99% of its share capital (on a fully converted and diluted basis) for a total consideration of about Rs 134.10 crore. Out of the above funds Makesense will invest an amount of about Rs 31.10 crore in Policybazaar and this is part of the fund raising undertaken by Policybazaar in March 2015 wherein funding from Makesense was subject to approval from FIPB. Funds aggregating to about Rs 101.30 crore would be used by Makesense to retire its payable to Info Edge (India). Consequent to the aforesaid transaction Info Edge (India) will own 50.01% of MakeSense and Makesense will hold about 19.65% of Policybazaar.On 30 January 2016 Info Edge (India) announced that the company has through its wholly-owned subsidiary invested an additional amount of Rs 5 crore through optionally convertible cumulative redeemable preference shares in Happily Unmarried Marketing Private Limited which is engaged in the business of sale of fun & creative products. It owns and operates the site www.happilyunmarried.com. Accordingly the aggregate investment including the above is now Rs16.4 crore in Happily Unmarried Private Limited which translates to about 44% stake in the company on a fully converted and diluted basis.On 22 November 2017 Info Edge (India) announced that pursuant to the acquisition of Cathero Technologies Pvt. Ltd. (Runnr) an on-demand logistics and delivery company and other restructuring by Zomato Media Pvt. Ltd. Info Edge (India) along with its wholly owned subsidiary holds about 44.74% in Zomato on fully converted and diluted basis. On 19 December 2017 Info Edge (India) announced that the company has invested through its wholly owned subsidiary about Rs 12.50 crore in International Educational Gateway Private Ltd. (Univariety). The aggregate shareholding of the company post this initial investment in the said entity would be 29.62% on fully converted and diluted basis. Univariety is engaged in the educational business of providing products and services and counseling to students schools colleges and educators.The Board of Directors of Info Edge (India) at its meeting held on 1 February 2018 accorded its approval to allow divestment of 32629 equity shares of Zomato Media Private Ltd. (Zomato) being 6.66% of the paid-up share capital of Zomato on fully converted and diluted basis either directly or through its wholly owned subsidiary - Naukri Internet Services (NISL) as may be deemed fit in the best interests of the company at a consideration of rupee equivalent of USD 50 million.On 1 March 2018 Info Edge (India) announced that the company has invested through its wholly owned subsidiary about Rs 6.40 crore in Agstack Technologies Private Limited. (Gramophone). The aggregating shareholding of the company post this initial investment in the said entity would be 25% on fully converted and diluted basis. Gramophone is a technology enabled marketplace for enabling efficient farm management.Info Edge (India) crossed the total income figure of Rs 1000 crore for the first time in Financial Year 2017-2018..On 19 April 2018 Info Edge (India) announced that the company has invested through its wholly-owned subsidiary about Rs 3 crore in Bizcrum lnfotech Private Ltd. (ShoeKonnect). The aggregate shareholding of the company post this initial investment in the said entity would be 20% on fully converted and diluted basis. ShoeKonnect is a B2B marketplace that enables footwear brands manufacturers wholesalers and retailers to connect communicate and transact with each other for conducting and expanding their business. On 3 May 2018 Info Edge (India) announced that the company has invested through its wholly-owned subsidiary about Rs 3.43 crore in Rare Media Company Private Ltd. It is a follow up round of investment in Rare Media which is already an associate of the company. The aggregate shareholding of the company post this investment in the said entity would be 43.86% on fully converted and diluted basis. Rare Media is engaged in building the future of work using pioneering technology.On 25 June 2018 Info Edge (India) announced that subject to requisite regulatory and other approvals as may be applicable including that of Foreign Investment Facilitation Portal (FIFP) the company has entered into an agreement with SVF India Holdings (Cayman) Limited (Soft Bank) a wholly owned subsidiary of SoftBank Vision Fund L.P. of which SoftBank Group Corp. is a limited partner whereby Soft Bank has agreed to invest an amount equivalent to about USD 45 million for 49.99% stake (on a fully diluted basis) in Diphda Internet Services Ltd. (Diphda) a wholly owned-subsidiary of the company for the time being. Info Edge (India) has also agreed to invest an amount equivalent to about USD 45 million in Diphda for 50.01% stake (on a fully diluted basis) and to jointly invest through Diphda an amount equivalent to about USD 90 million in Etechaces Marketing & Consulting Pvt. Ltd. (Etechaces) for 8.93% stake (on a fully diluted basis post completion of fund raise exercise with other investors).On 5 July 2018 Info Edge (India) announced that the company has agreed to jointly invest with MacRitchie Investments Pte. Ltd. (MacRitchie) a wholly-owned subsidiary of Temasek an amount of about Rs190.51 crore in Etechaces Marketing & Consulting Pvt. Ltd. (Etechaces) for 3.5% stake (subject to change consequent to completion of primary investment in Etechaces announced by the company on 25 June 2018) by purchasing the shares held by PI Opportunities Fund I (PIOF) through its subsidiary MakeSense Technologies Ltd. Consequent to the aforesaid transaction Info Edge (India) will own 50.01% of MakeSense and MakeSense will hold about 19.92% (including existing stake of 16.42%) of Etechaces on fully converted & diluted basis.On 6 July 2018 Info Edge (India) announced that the company has invested through its wholly-owned subsidiary about Rs 3 crore in Ideacficks Infolabs Private Limited (Zippserv). The aggregate shareholding of the company post this initial investment in the said entity would be 45.31% (subject to change pursuant to milestones agreed in the relevant Investment Agreement) on fully converted & diluted basis. Zippserv (www.zerv.corn) is an online platform which provides data-driven real estate intelligence to enable smart property purchase. The company's two flagship products are 'CleanProperties' and 'PricePoint'. CleanProperties provides instant access to land titles conversion records building approvals liens and litigations for thousands of ongoing apartment projects. PricePoint's analytics engine tracks lakhs of recently registered sale transactions and gives granular actionable insights for buyers at a project level so that buyers get a leg up in negotiations.In May 2019 the Company acquired share capital of iimjobs for an all-cash deal of Rs. 808 million. During FY 2019-20 Company acquired Highorbit Careers Private Limited on May 27 2019. It launched Category II SEBI-approved Alternate Investment Fund called the Info Edge Venture Fund. Since its launch it has made 7 investments in Qyuki Dotpe Fanclash Truemeds Ruskmedia Bulbul and Firsthive.In June 2021 Company acquired Bengaluru-based Zwayam Digital Private Limited. In July 2021 It acquired Axilly Labs Private Limited (Doselect). It has made strategic investment in related and adjacent business in Terralytics Analysis Pvt. Ltd. and 4B Networks Pvt. Ltd.During the year 2022 the Board of Directors of the Company in its meeting held on November 10 2020 had approved the Schemeof Amalgamation between the Company (Transferee Company) and Highorbit Careers Private Limited (Transferor Company' the wholly-owned subsidiary of the Transferee Company with the appointed date being April 1 2020. The Scheme was sanctioned by the Hon'ble NCLT vide its Order dated March 8 2022 on which date the Transferor Company stood dissolved. During 2022 the Company through its wholly owned subsidiary Allcheckdeals India Pvt. Ltd. acquired 62.52% stake in 4B Network Private Limited. It acquired 79.62% of Aisle Network Private Limited in Mar' 22.During the year 2022-23 the Company through its wholly-owned subsidiary Startup Investments (Holding) Ltd. (SIHL) had acquired 2356 shares of Sunrise and consequently Sunrise became subsidiary of the Company. The Company acquired shares of Sploot Pvt. Ltd. and Sploot became an associate of the Company.The Company during FY23 had added second scheme IE Venture Fund Follow-on I (IEVF Follow-on Fund) to the IEVF and floated other two AIFs namely Info Edge Capital (IEC) and Capital 2B (C2B). The Company launched MyKindaNaukri brand that highlights and reflects changing workplace and jobseeker needs. A solution was launched to help resale and rental brokers connect with owners for their supply needs.

Info Edge (India) Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

67067

EPS - TTM (₹) [S]

63.33

P/E Ratio (X) [S]

4.03

Face Value (₹) 10
Latest Dividend (%)100.00
Latest Dividend Date 17 Nov 2023
Dividend Yield (%) 0.36
Book Value Share (₹) [S]1284.78
P/B Ratio (₹) [S]4.03
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Groww Nifty Total Market Index Fund-Regular (G) 0.25 480 0.25
Groww Nifty Total Market Index Fund-Direct (G) 0.25 480 0.25

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

5131.75

5235.05

Week Low/High

5131.75

5438.00

Month Low/High

5031.35

5545.00

Year Low/High

3308.20

5545.00

All time Low/High

97.50

7465.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-2.81%-2.87%0.910.75%
1 Month0.15%0.13%2.392.40%
3 Month13.38%13.36%9.3710.41%
6 Month18.65%18.56%12.8815.14%
1 Year47.98%47.93%25.2929.19%
3 Year4.37%4.46%46.7450.00%

Company Info

Company Information

Chairman (Non-Executive) : Kapil Kapoor

Executive Vice Chairman & WTD : Sanjeev Bikhchandani

Managing Director & CEO : Hitesh Oberoi

Independent Director : Saurabh Srivastava

Independent Director : Naresh Gupta

Independent Director : Sharad Malik

Whole Time Director & CFO : Chintan Thakkar

Independent Director : Ashish Gupta

Independent Director : Geeta Mathur

Director : Bala Deshpande

Independent Director : Sanjiv Sachar

Whole-time Director : PAWAN GOYAL

Independent Director : Arindam Bhattacharya

Independent Director : Aruna Sundararajan

Registered Office: GF-12A 94 Meghdoot Building, Nehru Place,New Delhi,New Delhi-110019 Ph: 91-11-26463894/0120-2082000

Email:investors@naukri.com

URL:http://www.infoedge.in