Shanti Educational Initiatives Ltd

₹ 68.5 -1.79%
02 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
Shanti Asiatic School (SAS): Under SAS, the Co is presently running 6+ K-12 Schools in multiple cities across India, serving and educating over 25000 students. [1]
Shanti Juniors: It is the preschool chain of the company. Presently it has more than 300+ preschools across India with its presence in 74+ Cities. [2]
Shanti's Hopskotch Preschool: It is a premium category preschool chain established in the year 2013 to serve the niche segment of the society who aspires for premium quality education, hygienic ambience and global learning platform for their child. [3]

  • Market Cap 1,103 Cr.
  • Current Price 68.5
  • High / Low 116 / 8.31
  • Stock P/E 359
  • Book Value 3.69
  • Dividend Yield 0.00 %
  • ROCE 2.28 %
  • ROE 1.41 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 18.6 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 -16.4% over past five years.
  • Company has a low return on equity of 1.84% over last 3 years.
  • Earnings include an other income of Rs.5.27 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

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
2.17 1.50 0.59 0.36 1.95 0.18 0.53 1.09 0.80 1.01 1.04 4.56 1.74
3.13 2.94 2.66 0.70 1.59 0.97 1.13 1.08 1.12 1.48 1.70 2.69 2.30
Operating Profit -0.96 -1.44 -2.07 -0.34 0.36 -0.79 -0.60 0.01 -0.32 -0.47 -0.66 1.87 -0.56
OPM % -44.24% -96.00% -350.85% -94.44% 18.46% -438.89% -113.21% 0.92% -40.00% -46.53% -63.46% 41.01% -32.18%
0.34 0.23 1.86 0.00 0.45 -0.36 2.83 0.00 0.63 0.00 2.91 0.03 2.33
Interest 0.13 0.26 -0.05 0.10 0.09 0.00 0.17 0.08 0.08 0.08 0.33 0.08 0.06
Depreciation 0.09 0.13 0.62 0.10 0.04 0.07 0.62 0.06 0.06 0.06 0.56 0.05 0.05
Profit before tax -0.84 -1.60 -0.78 -0.54 0.68 -1.22 1.44 -0.13 0.17 -0.61 1.36 1.77 1.66
Tax % 4.76% 28.75% 50.00% 0.00% 4.41% 2.46% -124.31% 0.00% -5.88% -3.28% -0.74% 25.42% 39.76%
Net Profit -0.80 -1.14 -0.39 -0.55 0.64 -1.19 3.23 -0.12 0.18 -0.63 1.37 1.33 1.00
EPS in Rs -0.05 -0.07 -0.02 -0.03 0.04 -0.07 0.20 -0.01 0.01 -0.04 0.09 0.08 0.06
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
10.31 11.85 24.26 5.21 6.13 8.83 9.60 21.95 14.17 12.72 3.04 3.93 8.35
10.19 11.70 24.20 6.29 5.62 7.56 8.06 21.44 13.07 13.38 4.41 5.37 8.17
Operating Profit 0.12 0.15 0.06 -1.08 0.51 1.27 1.54 0.51 1.10 -0.66 -1.37 -1.44 0.18
OPM % 1.16% 1.27% 0.25% -20.73% 8.32% 14.38% 16.04% 2.32% 7.76% -5.19% -45.07% -36.64% 2.16%
0.10 0.10 0.26 1.27 0.52 2.79 2.19 2.59 1.11 2.44 2.92 3.54 5.27
Interest 0.10 0.07 0.04 0.01 0.05 0.01 0.00 0.41 0.49 0.54 0.37 0.56 0.55
Depreciation 0.06 0.27 0.15 0.10 0.09 0.10 0.34 0.34 0.32 0.91 0.84 0.74 0.72
Profit before tax 0.06 -0.09 0.13 0.08 0.89 3.95 3.39 2.35 1.40 0.33 0.34 0.80 4.18
Tax % -33.33% -522.22% 69.23% -37.50% 34.83% 32.15% 40.12% 29.36% 30.00% 78.79% -526.47% 0.00%
Net Profit 0.08 -0.56 0.04 0.10 0.58 2.68 2.03 1.65 0.98 0.07 2.13 0.80 3.07
EPS in Rs 0.09 -0.07 0.00 0.01 0.04 0.18 0.13 0.10 0.06 0.00 0.13 0.05 0.19
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: -10%
5 Years: -16%
3 Years: -35%
TTM: 221%
Compounded Profit Growth
10 Years: 13%
5 Years: -17%
3 Years: -7%
TTM: 46%
Stock Price CAGR
10 Years: %
5 Years: 39%
3 Years: 97%
1 Year: 645%
Return on Equity
10 Years: 3%
5 Years: 2%
3 Years: 2%
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
0.86 8.20 14.00 14.00 14.00 15.30 16.10 16.10 16.10 16.10 16.10 16.10 16.10
Reserves 8.13 7.57 7.61 7.71 8.48 21.56 29.99 31.48 32.43 37.81 40.03 40.93 43.30
3.85 0.19 0.25 28.04 25.86 10.20 11.18 4.70 4.76 3.78 3.24 2.82 2.36
7.77 9.53 37.58 1.76 2.01 3.36 4.47 5.02 5.54 7.84 4.53 3.96 4.97
Total Liabilities 20.61 25.49 59.44 51.51 50.35 50.42 61.74 57.30 58.83 65.53 63.90 63.81 66.73
1.74 3.47 6.45 6.16 7.47 7.85 12.89 12.94 18.12 19.57 18.87 18.13 18.25
CWIP 0.00 0.00 0.00 0.02 0.00 0.85 5.76 8.98 5.11 5.53 6.79 6.79 6.79
Investments 8.89 9.46 11.41 11.41 7.77 7.97 3.26 3.26 3.26 9.26 9.33 9.52 9.52
9.98 12.56 41.58 33.92 35.11 33.75 39.83 32.12 32.34 31.17 28.91 29.37 32.17
Total Assets 20.61 25.49 59.44 51.51 50.35 50.42 61.74 57.30 58.83 65.53 63.90 63.81 66.73

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0.49 -2.03 -28.24 0.58 0.85 -1.82 0.63 0.74 1.61 -2.29 0.45
-2.58 -5.08 0.17 2.42 -1.09 -5.07 5.75 0.26 0.73 2.25 1.70
3.71 6.01 27.78 -2.75 0.29 6.83 -6.44 -0.66 -1.51 -0.84 -0.98
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

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 292.78 24.33 210.79 78.46 42.87 54.56 60.83 37.75 71.87 17.79 94.85 51.08
Inventory Days 15.16 14.54 12.02 170.48 163.76 163.72 199.34 42.89 123.32 106.71 523.49 368.48
Days Payable 300.27 342.79 343.54 91.80 45.38 48.07 87.55 23.55 63.73 88.92 158.49 73.00
Cash Conversion Cycle 7.66 -303.92 -120.73 157.15 161.25 170.22 172.62 57.09 131.46 35.58 459.85 346.56
Working Capital Days -47.79 45.89 -333.56 91.07 27.39 -1.24 74.90 21.78 60.28 17.79 254.54 213.61
ROCE % 1.41% -0.14% 0.90% -2.82% 1.92% 8.30% 6.50% 5.04% 3.58% 1.51% 1.21% 2.28%

Shareholding Pattern

Numbers in percentages

1 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
64.20 64.20 64.20 64.20 61.22 61.22 61.22 64.20 64.20 64.20 64.20 64.33
8.84 8.84 9.05 9.51 11.98 14.37 14.37 14.37 14.37 14.51 14.68 14.76
26.96 26.96 26.76 26.29 26.81 24.42 24.42 21.44 21.44 21.29 21.12 20.91

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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