Shanti Educational Initiatives Ltd

Shanti Educational Initiatives Ltd

₹ 64.3 -0.50%
06 Dec - 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 1,035 Cr.
  • Current Price 64.3
  • High / Low 109 / 47.9
  • Stock P/E 217
  • Book Value 4.06
  • Dividend Yield 0.00 %
  • ROCE 8.21 %
  • ROE 5.74 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company's working capital requirements have reduced from 191 days to 99.6 days

Cons

  • Stock is trading at 15.8 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -12.9% over past five years.
  • Company has a low return on equity of 3.70% over last 3 years.
  • Earnings include an other income of Rs.4.27 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

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
1.95 0.18 0.53 1.09 0.80 1.01 1.04 4.56 1.74 0.90 3.78 7.57 2.91
1.59 0.97 1.13 1.08 1.12 1.48 1.70 2.69 2.30 1.47 4.12 4.32 2.48
Operating Profit 0.36 -0.79 -0.60 0.01 -0.32 -0.47 -0.66 1.87 -0.56 -0.57 -0.34 3.25 0.43
OPM % 18.46% -438.89% -113.21% 0.92% -40.00% -46.53% -63.46% 41.01% -32.18% -63.33% -8.99% 42.93% 14.78%
0.45 -0.36 2.83 0.00 0.63 0.00 2.91 0.03 2.33 0.07 2.40 0.02 1.78
Interest 0.09 0.00 0.17 0.08 0.08 0.08 0.33 0.08 0.06 0.07 0.08 0.05 0.07
Depreciation 0.04 0.07 0.62 0.06 0.06 0.06 0.56 0.05 0.05 0.07 0.06 0.05 0.05
Profit before tax 0.68 -1.22 1.44 -0.13 0.17 -0.61 1.36 1.77 1.66 -0.64 1.92 3.17 2.09
Tax % 4.41% 2.46% -124.31% 0.00% -5.88% -3.28% -0.74% 25.42% 39.76% 39.06% 26.04% 26.50% 33.01%
0.64 -1.19 3.23 -0.12 0.18 -0.63 1.37 1.33 1.00 -0.38 1.42 2.33 1.40
EPS in Rs 0.04 -0.07 0.20 -0.01 0.01 -0.04 0.09 0.08 0.06 -0.02 0.09 0.14 0.09
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
11.85 24.26 5.21 6.13 8.83 9.60 21.95 14.17 12.41 2.99 3.93 10.99 15.16
11.70 24.20 6.29 5.62 7.56 8.06 21.44 13.07 13.07 4.94 5.37 10.58 12.39
Operating Profit 0.15 0.06 -1.08 0.51 1.27 1.54 0.51 1.10 -0.66 -1.95 -1.44 0.41 2.77
OPM % 1.27% 0.25% -20.73% 8.32% 14.38% 16.04% 2.32% 7.76% -5.32% -65.22% -36.64% 3.73% 18.27%
0.10 0.26 1.27 0.52 2.79 2.19 2.59 1.11 2.44 3.50 3.54 4.83 4.27
Interest 0.07 0.04 0.01 0.05 0.01 0.00 0.41 0.49 0.54 0.37 0.56 0.30 0.27
Depreciation 0.27 0.15 0.10 0.09 0.10 0.34 0.34 0.32 0.91 0.84 0.74 0.22 0.23
Profit before tax -0.09 0.13 0.08 0.89 3.95 3.39 2.35 1.40 0.33 0.34 0.80 4.72 6.54
Tax % -522.22% 69.23% -37.50% 34.83% 32.15% 40.12% 29.36% 30.00% 78.79% -526.47% 0.00% 28.60%
-0.56 0.04 0.10 0.58 2.68 2.03 1.65 0.98 0.07 2.13 0.80 3.37 4.77
EPS in Rs -0.07 0.00 0.01 0.04 0.18 0.13 0.10 0.06 0.00 0.13 0.05 0.21 0.30
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: -8%
5 Years: -13%
3 Years: -4%
TTM: 82%
Compounded Profit Growth
10 Years: 56%
5 Years: 15%
3 Years: 283%
TTM: 55%
Stock Price CAGR
10 Years: %
5 Years: 38%
3 Years: 71%
1 Year: -8%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 4%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 8.20 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 7.57 7.61 7.71 8.48 21.56 29.99 31.48 32.43 37.81 40.03 40.93 44.21 49.22
0.19 0.25 28.04 25.86 10.20 11.18 4.70 4.76 3.78 3.24 2.82 2.20 1.87
9.53 37.58 1.76 2.01 3.36 4.47 5.02 5.54 7.84 4.53 3.95 3.87 3.10
Total Liabilities 25.49 59.44 51.51 50.35 50.42 61.74 57.30 58.83 65.53 63.90 63.80 66.38 70.29
3.47 6.45 6.16 7.47 7.85 12.89 12.94 18.12 19.57 18.87 18.12 18.15 18.21
CWIP 0.00 0.00 0.02 0.00 0.85 5.76 8.98 5.11 5.53 6.79 6.79 0.00 0.00
Investments 9.46 11.41 11.41 7.77 7.97 3.26 3.26 3.26 9.26 9.33 9.52 9.33 9.67
12.56 41.58 33.92 35.11 33.75 39.83 32.12 32.34 31.17 28.91 29.37 38.90 42.41
Total Assets 25.49 59.44 51.51 50.35 50.42 61.74 57.30 58.83 65.53 63.90 63.80 66.38 70.29

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.49 -2.03 -28.24 0.58 0.85 -1.82 0.63 0.74 1.61 -1.43 0.45 0.18
-2.58 -5.08 0.17 2.42 -1.09 -5.07 5.75 0.26 0.73 0.92 1.70 1.45
3.71 6.01 27.78 -2.75 0.29 6.83 -6.44 -0.66 -1.51 -0.36 -0.98 -0.91
Net Cash Flow 1.62 -1.10 -0.29 0.25 0.06 -0.06 -0.06 0.34 0.82 -0.88 1.17 0.71

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 24.33 210.79 78.46 42.87 54.56 60.83 37.75 71.87 18.24 96.44 51.08 65.76
Inventory Days 14.54 12.02 170.48 163.76 163.72 199.34 42.89 123.32 106.71 523.49
Days Payable 342.79 343.54 91.80 45.38 48.07 87.55 23.55 63.73 88.92 158.49
Cash Conversion Cycle -303.92 -120.73 157.15 161.25 170.22 172.62 57.09 131.46 36.02 461.44 51.08 65.76
Working Capital Days 45.89 -333.56 91.07 27.39 -1.24 74.90 21.78 72.90 18.24 258.80 213.61 99.64
ROCE % -0.14% 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

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
61.22% 61.22% 61.22% 64.20% 64.20% 64.20% 64.20% 64.33% 64.33% 64.47% 64.47% 64.47%
11.98% 14.37% 14.37% 14.37% 14.37% 14.51% 14.68% 14.76% 18.40% 18.42% 18.62% 18.84%
26.81% 24.42% 24.42% 21.44% 21.44% 21.29% 21.12% 20.91% 17.26% 17.12% 16.92% 16.70%
No. of Shareholders 1521511618047571,3181,0842,3292,1082,0581,8732,135

* 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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