Crizac Ltd
Incorporated in 2011, Crizac Ltd is an education platform that offers international student recruitment solutions to higher education
institutions in various countries[1]
- Market Cap ₹ 3,975 Cr.
- Current Price ₹ 227
- High / Low ₹ 388 / 173
- Stock P/E 24.3
- Book Value ₹ 35.3
- Dividend Yield 3.52 %
- ROCE 30.4 %
- ROE 23.2 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.0%
- Debtor days have improved from 76.6 to 15.7 days.
Cons
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 29 | 120 | 274 | 344 | 187 | 254 | |
| 3 | 34 | 169 | 203 | 36 | 39 | |
| Operating Profit | 26 | 87 | 105 | 141 | 151 | 216 |
| OPM % | 91% | 72% | 38% | 41% | 81% | 85% |
| 1 | 3 | 45 | 128 | 38 | 30 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 1 | 2 | 13 | 45 | 29 |
| Profit before tax | 27 | 89 | 147 | 255 | 143 | 217 |
| Tax % | 26% | 25% | 25% | 26% | 24% | |
| 20 | 66 | 110 | 188 | 109 | 164 | |
| EPS in Rs | 9,920.79 | 66.17 | 110.12 | 10.72 | 6.24 | 9.35 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| TTM: | -46% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 18% |
| TTM: | -42% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 47% |
| 3 Years: | 43% |
| Last Year: | 23% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.02 | 10 | 10 | 35 | 35 | 35 |
| Reserves | 36 | 96 | 210 | 374 | 494 | 583 |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| 4 | 6 | 12 | 96 | 12 | 15 | |
| Total Liabilities | 41 | 112 | 232 | 505 | 541 | 633 |
| 22 | 22 | 22 | 128 | 83 | 71 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 18 | 67 | 106 | 150 | 45 | 46 |
| 1 | 23 | 104 | 228 | 414 | 517 | |
| Total Assets | 41 | 112 | 232 | 505 | 541 | 633 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 20 | 57 | 77 | 69 | 142 | |
| -21 | -47 | -71 | -85 | -138 | |
| 0 | -0 | -0 | -0 | -0 | |
| Net Cash Flow | -0 | 10 | 5 | -16 | 4 |
| Free Cash Flow | -1 | 56 | 75 | -87 | -134 |
| CFO/OP | 103% | 93% | 107% | 82% | 132% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 138 | 16 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 0 | 0 | 0 | 138 | 16 |
| Working Capital Days | -5 | 30 | 41 | 70 | 67 |
| ROCE % | 125% | 90% | 81% | 30% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Registered Agents on Platform Number |
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| Student Applications Processed Number |
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| Global Educational Institutions (Partnerships) Number |
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| Employee Headcount Number |
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Documents
Announcements
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Intimation Of Appointment Of Investor Relations Advisors
11h - Crizac appointed Uirtus Advisors LLP as Investor Relations Advisor effective 15 April 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
28 Mar - March 30, 2026: Crizac commits $2.5M over five years to develop EduMentor AI-led edtech platform.
- Closure of Trading Window 26 Mar
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 23 Mar
Concalls
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Jan 2026Transcript PPT
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Oct 2025Transcript PPT
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Oct 2025TranscriptAI SummaryPPT REC
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Aug 2025Transcript PPT REC
Business Overview:[1][2]
CL is a B2B education platform that connects recruitment agents with global higher education institutions. It specializes in international student recruitment for institutions in the UK, Canada, Ireland, Australia, and New Zealand. CL also offers marketing, brand management, and admission office services to support partner institutions.