Shanti Educational Initiatives Ltd

Shanti Educational Initiatives Ltd

₹ 90.9 -0.26%
24 Jun - close price
About

Shanti Educational Initiatives is engaged in the business of providing education services and related activities. It is a venture of Chiripal Group based in Ahmedabad, India. [1]

Key Points

Educational Units

  • Market Cap 1,463 Cr.
  • Current Price 90.9
  • High / Low 105 / 52.0
  • Stock P/E 460
  • Book Value 3.93
  • Dividend Yield 0.00 %
  • ROCE 7.34 %
  • ROE 5.15 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 52.0 to 39.3 days.
  • Company's working capital requirements have reduced from 132 days to 83.2 days

Cons

  • Stock is trading at 23.1 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 4.15% over last 3 years.
  • Earnings include an other income of Rs.3.78 Cr.

* 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

Sector: Education Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
0.53 1.09 0.80 1.01 1.04 4.56 1.74 0.90 10.99 7.57 2.91 2.07 1.75
1.13 1.08 1.12 1.48 1.70 2.69 2.30 1.47 10.58 4.32 2.48 2.64 3.71
Operating Profit -0.60 0.01 -0.32 -0.47 -0.66 1.87 -0.56 -0.57 0.41 3.25 0.43 -0.57 -1.96
OPM % -113.21% 0.92% -40.00% -46.53% -63.46% 41.01% -32.18% -63.33% 3.73% 42.93% 14.78% -27.54% -112.00%
2.83 0.00 0.63 0.00 2.91 0.03 2.33 0.07 4.83 0.02 1.78 0.85 1.12
Interest 0.17 0.08 0.08 0.08 0.33 0.08 0.06 0.07 0.30 0.05 0.07 0.04 0.08
Depreciation 0.62 0.06 0.06 0.06 0.56 0.05 0.05 0.07 0.22 0.05 0.05 0.03 0.13
Profit before tax 1.44 -0.13 0.17 -0.61 1.36 1.77 1.66 -0.64 4.72 3.17 2.09 0.21 -1.05
Tax % -124.31% 0.00% -5.88% -3.28% -0.74% 25.42% 39.76% 39.06% 28.60% 26.50% 33.01% -42.86% 18.10%
3.23 -0.12 0.18 -0.63 1.37 1.33 1.00 -0.38 3.37 2.33 1.40 0.30 -0.86
EPS in Rs 0.20 -0.01 0.01 -0.04 0.09 0.08 0.06 -0.02 0.21 0.14 0.09 0.02 -0.05
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
24.26 5.21 6.13 8.83 9.60 21.95 14.17 12.41 2.99 3.93 10.99 14.30
24.20 6.29 5.62 7.56 8.06 21.44 13.07 13.07 4.94 5.37 10.58 13.15
Operating Profit 0.06 -1.08 0.51 1.27 1.54 0.51 1.10 -0.66 -1.95 -1.44 0.41 1.15
OPM % 0.25% -20.73% 8.32% 14.38% 16.04% 2.32% 7.76% -5.32% -65.22% -36.64% 3.73% 8.04%
0.26 1.27 0.52 2.79 2.19 2.59 1.11 2.44 3.50 3.54 4.83 3.78
Interest 0.04 0.01 0.05 0.01 0.00 0.41 0.49 0.54 0.37 0.56 0.30 0.25
Depreciation 0.15 0.10 0.09 0.10 0.34 0.34 0.32 0.91 0.84 0.74 0.22 0.26
Profit before tax 0.13 0.08 0.89 3.95 3.39 2.35 1.40 0.33 0.34 0.80 4.72 4.42
Tax % 69.23% -37.50% 34.83% 32.15% 40.12% 29.36% 30.00% 78.79% -526.47% 0.00% 28.60% 28.05%
0.04 0.10 0.58 2.68 2.03 1.65 0.98 0.07 2.13 0.80 3.37 3.18
EPS in Rs 0.00 0.01 0.04 0.18 0.13 0.10 0.06 0.00 0.13 0.05 0.21 0.20
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: 11%
5 Years: 0%
3 Years: 68%
TTM: 30%
Compounded Profit Growth
10 Years: 18%
5 Years: 27%
3 Years: 14%
TTM: -6%
Stock Price CAGR
10 Years: %
5 Years: 55%
3 Years: 79%
1 Year: 5%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 4%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 14.00 14.00 14.00 15.30 16.10 16.10 16.10 16.10 16.10 16.10 16.10 16.10
Reserves 7.61 7.71 8.48 21.56 29.99 31.48 32.43 37.81 40.03 40.93 44.21 47.15
0.25 28.04 25.86 10.20 11.18 4.70 4.76 3.78 3.24 2.82 2.20 1.52
37.58 1.76 2.01 3.36 4.47 5.02 5.54 7.84 4.53 3.95 3.87 3.24
Total Liabilities 59.44 51.51 50.35 50.42 61.74 57.30 58.83 65.53 63.90 63.80 66.38 68.01
6.45 6.16 7.47 7.85 12.89 12.94 18.12 19.57 18.87 18.12 18.15 18.37
CWIP 0.00 0.02 0.00 0.85 5.76 8.98 5.11 5.53 6.79 6.79 0.00 0.11
Investments 11.41 11.41 7.77 7.97 3.26 3.26 3.26 9.26 9.33 9.52 9.33 9.26
41.58 33.92 35.11 33.75 39.83 32.12 32.34 31.17 28.91 29.37 38.90 40.27
Total Assets 59.44 51.51 50.35 50.42 61.74 57.30 58.83 65.53 63.90 63.80 66.38 68.01

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2.03 -28.24 0.58 0.85 -1.82 0.63 0.74 1.61 -1.43 0.45 0.18 -2.05
-5.08 0.17 2.42 -1.09 -5.07 5.75 0.26 0.73 0.92 1.70 1.45 1.49
6.01 27.78 -2.75 0.29 6.83 -6.44 -0.66 -1.51 -0.36 -0.98 -0.91 -0.93
Net Cash Flow -1.10 -0.29 0.25 0.06 -0.06 -0.06 0.34 0.82 -0.88 1.17 0.71 -1.49

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 210.79 78.46 42.87 54.56 60.83 37.75 71.87 18.24 96.44 51.08 65.76 39.31
Inventory Days 12.02 170.48 163.76 163.72 199.34 42.89 123.32 106.71 523.49 233.06
Days Payable 343.54 91.80 45.38 48.07 87.55 23.55 63.73 88.92 158.49 49.32
Cash Conversion Cycle -120.73 157.15 161.25 170.22 172.62 57.09 131.46 36.02 461.44 51.08 65.76 223.04
Working Capital Days -333.56 91.07 27.39 -1.24 74.90 21.78 72.90 18.24 258.80 213.61 99.64 83.21
ROCE % 0.90% -2.82% 1.92% 8.30% 6.50% 5.04% 3.58% 1.51% 1.21% 2.28% 8.21%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.22% 64.20% 64.20% 64.20% 64.20% 64.33% 64.33% 64.47% 64.47% 64.47% 64.47% 64.47%
14.37% 14.37% 14.37% 14.51% 14.68% 14.76% 18.40% 18.42% 18.62% 18.84% 19.01% 19.01%
24.42% 21.44% 21.44% 21.29% 21.12% 20.91% 17.26% 17.12% 16.92% 16.70% 16.53% 16.53%
No. of Shareholders 1618047571,3181,0842,3292,1082,0581,8732,1352,1892,775

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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