IEC Education Ltd
Incorporated in 1981, IEC Education 
Ltd provides education services to 
 Colleges and Universities, Implementation 
 of Skill Development Schemes of various Governments, Franchise Centers etc.[1]
- Market Cap ₹ 50.0 Cr.
- Current Price ₹ 32.8
- High / Low ₹ 46.6 / 14.2
- Stock P/E
- Book Value ₹ 19.6
- Dividend Yield 0.00 %
- ROCE -0.84 %
- ROE -0.90 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -1.19% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Information Technology Information Technology IT - Software Software Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3.46 | 3.14 | 0.01 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 3.91 | 2.54 | 1.28 | 0.63 | 0.44 | 0.40 | 0.55 | 0.25 | 0.23 | 0.45 | 0.61 | 0.27 | 0.21 | |
| Operating Profit | -0.45 | 0.60 | -1.27 | -0.61 | -0.44 | -0.40 | -0.55 | -0.25 | -0.23 | -0.45 | -0.61 | -0.27 | -0.21 | 
| OPM % | -13.01% | 19.11% | -12,700.00% | -3,050.00% | |||||||||
| 1.27 | -0.13 | 1.90 | 0.54 | 0.00 | -0.04 | 0.00 | 0.05 | 0.01 | 0.23 | -0.02 | 0.00 | 0.00 | |
| Interest | 0.07 | 0.02 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 
| Depreciation | 0.59 | 0.63 | 0.55 | 0.51 | 0.51 | 0.51 | 0.02 | 0.02 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 
| Profit before tax | 0.16 | -0.18 | 0.07 | -0.59 | -0.95 | -0.96 | -0.57 | -0.23 | -0.24 | -0.23 | -0.63 | -0.27 | -0.21 | 
| Tax % | 31.25% | -33.33% | 42.86% | -13.56% | -9.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| 0.13 | -0.13 | 0.04 | -0.51 | -0.86 | -0.96 | -0.56 | -0.23 | -0.23 | -0.23 | -0.64 | -0.27 | -0.21 | |
| EPS in Rs | 0.10 | -0.07 | 0.04 | -0.33 | -0.56 | -0.63 | -0.37 | -0.15 | -0.14 | -0.14 | -0.42 | -0.18 | -0.13 | 
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | % | 
| TTM: | % | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 9% | 
| 3 Years: | -6% | 
| TTM: | 73% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% | 
| 5 Years: | % | 
| 3 Years: | % | 
| 1 Year: | 113% | 
| Return on Equity | |
|---|---|
| 10 Years: | -1% | 
| 5 Years: | -1% | 
| 3 Years: | -1% | 
| Last Year: | -1% | 
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15.26 | 15.26 | 15.26 | 15.26 | 15.26 | 15.26 | 15.26 | 15.26 | 15.26 | 15.26 | 15.26 | 15.26 | 
| Reserves | 19.06 | 18.92 | 18.98 | 18.48 | 17.64 | 16.67 | 16.25 | 16.04 | 15.82 | 15.60 | 14.97 | 14.70 | 
| 1.89 | 1.73 | 1.71 | 1.70 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | |
| 1.80 | 2.24 | 1.26 | 1.25 | 1.40 | 1.13 | 1.01 | 0.98 | 0.93 | 1.38 | 0.57 | 0.59 | |
| Total Liabilities | 38.01 | 38.15 | 37.21 | 36.69 | 35.98 | 34.74 | 34.20 | 33.96 | 33.69 | 33.92 | 32.48 | 32.23 | 
| 3.71 | 2.75 | 2.20 | 1.69 | 1.19 | 0.47 | 0.57 | 0.55 | 0.53 | 0.41 | 0.00 | 0.00 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 
| 34.30 | 35.40 | 35.01 | 35.00 | 34.79 | 34.27 | 33.63 | 33.41 | 33.16 | 33.51 | 32.48 | 32.23 | |
| Total Assets | 38.01 | 38.15 | 37.21 | 36.69 | 35.98 | 34.74 | 34.20 | 33.96 | 33.69 | 33.92 | 32.48 | 32.23 | 
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -3.75 | -1.53 | 0.13 | -2.24 | 0.04 | -0.05 | 0.00 | -0.10 | -0.10 | -0.02 | -0.67 | -0.02 | |
| 4.01 | 0.23 | 1.50 | 0.52 | 0.00 | 0.17 | 0.00 | 0.04 | 0.01 | 0.11 | 0.41 | 0.00 | |
| -0.85 | -0.17 | -0.02 | -0.02 | -0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Cash Flow | -0.59 | -1.46 | 1.61 | -1.75 | 0.02 | 0.12 | 0.00 | -0.06 | -0.09 | 0.09 | -0.26 | -0.02 | 
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 785.91 | 903.20 | 252,215.00 | 116,252.50 | ||||||||
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 785.91 | 903.20 | 252,215.00 | 116,252.50 | ||||||||
| Working Capital Days | 431.46 | 728.84 | 265,355.00 | 136,875.00 | ||||||||
| ROCE % | -2.79% | -0.05% | 0.22% | -1.61% | -2.69% | -2.65% | -1.69% | -0.78% | -0.76% | -0.64% | -1.88% | -0.84% | 
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Oct
- Proceedings Of Annual General Meeting 3 Oct
- 
        
          Shareholder Meeting / Postal Ballot-Outcome of AGM
          
            29 Sep - 29 Sep 2025 AGM: FY2025 accounts and secretarial auditor approved; Hemang G. Bhatt reappointment rejected—94,21,143 votes against.
- 
        
          Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
          
            29 Sep - AGM Sep 29, 2025: Resolutions 1 and 3 passed; resolution 2 (Hemang Bhatt reappointment) rejected.
- 
        
          Announcement under Regulation 30 (LODR)-Change in Management
          
            29 Sep - Appointed M/s Preksha Dawet & Associates as secretarial auditor for FY2025-26 to FY2029-30.
Annual reports
- 
    
      Financial Year 2025
      from bse
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      Financial Year 2024
      from bse
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      Financial Year 2023
      from bse
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      Financial Year 2022
      from bse
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      Financial Year 2021
      from bse
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      Financial Year 2020
      from bse
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      Financial Year 2019
      from bse
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      Financial Year 2018
      from bse
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      Financial Year 2017
      from bse
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      Financial Year 2016
      from bse
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      Financial Year 2015
      from bse
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      Financial Year 2014
      from bse
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      Financial Year 2013
      from bse
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      Financial Year 2012
      from bse
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      Financial Year 2011
      from bse
Business Overview:[1]
IECEL is in the business of Computer Education, Science, Technology and Management, Hotel Management, Pharmacy, Vocational education. It provides Information Technology solutions and services to its clientele