MPS Ltd
MPS is a B2B learning and platform solutions company powering education, and research for corporates. MPS has unlocked a new growth trajectory due to the combined effect of lower attention spans, rapid growth in digital consumption, and the recent advances in AI/ML.
- Market Cap ₹ 4,181 Cr.
- Current Price ₹ 2,444
- High / Low ₹ 3,079 / 1,754
- Stock P/E 27.1
- Book Value ₹ 280
- Dividend Yield 3.40 %
- ROCE 41.4 %
- ROE 30.8 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.40%.
- Company has delivered good profit growth of 22.3% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.4%
- Company has been maintaining a healthy dividend payout of 78.2%
Cons
- Stock is trading at 8.74 times its book value
* 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
Consumer Discretionary Consumer Services Other Consumer Services E-Learning
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
197 | 224 | 257 | 289 | 267 | 363 | 332 | 423 | 449 | 501 | 545 | 727 | 732 | |
134 | 143 | 166 | 195 | 180 | 269 | 253 | 316 | 323 | 344 | 375 | 516 | 512 | |
Operating Profit | 63 | 81 | 91 | 93 | 87 | 94 | 79 | 107 | 126 | 157 | 170 | 211 | 220 |
OPM % | 32% | 36% | 35% | 32% | 33% | 26% | 24% | 25% | 28% | 31% | 31% | 29% | 30% |
7 | 18 | 18 | 15 | 23 | 25 | 20 | 10 | 14 | 11 | 12 | 18 | 23 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
Depreciation | 5 | 5 | 4 | 6 | 8 | 11 | 15 | 21 | 21 | 19 | 20 | 27 | 28 |
Profit before tax | 64 | 93 | 105 | 103 | 102 | 107 | 81 | 93 | 118 | 147 | 161 | 201 | 215 |
Tax % | 34% | 34% | 32% | 31% | 31% | 29% | 26% | 37% | 26% | 26% | 26% | 26% | |
42 | 61 | 71 | 70 | 70 | 76 | 60 | 59 | 87 | 109 | 119 | 149 | 158 | |
EPS in Rs | 25.08 | 33.00 | 38.27 | 37.83 | 37.71 | 40.84 | 32.15 | 32.44 | 50.93 | 63.83 | 69.43 | 87.05 | 92.52 |
Dividend Payout % | 68% | 67% | 58% | 0% | 32% | 61% | 156% | 0% | 59% | 31% | 108% | 95% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 17% |
3 Years: | 17% |
TTM: | 23% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 22% |
3 Years: | 19% |
TTM: | 35% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 53% |
3 Years: | 48% |
1 Year: | 18% |
Return on Equity | |
---|---|
10 Years: | 21% |
5 Years: | 25% |
3 Years: | 28% |
Last Year: | 31% |
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 | 17 | 19 | 19 | 19 | 19 | 19 | 19 | 18 | 17 | 17 | 17 | 17 |
Reserves | 75 | 237 | 261 | 329 | 400 | 453 | 348 | 363 | 350 | 407 | 443 | 461 |
0 | 0 | 0 | 0 | 0 | 0 | 19 | 18 | 12 | 8 | 5 | 4 | |
26 | 26 | 26 | 34 | 33 | 65 | 57 | 107 | 118 | 119 | 271 | 213 | |
Total Liabilities | 118 | 282 | 305 | 381 | 451 | 537 | 443 | 507 | 497 | 551 | 736 | 695 |
24 | 33 | 36 | 49 | 49 | 103 | 115 | 154 | 144 | 173 | 388 | 346 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
Investments | 18 | 159 | 169 | 206 | 288 | 212 | 86 | 12 | 6 | 28 | 30 | 21 |
76 | 91 | 100 | 127 | 114 | 221 | 242 | 340 | 347 | 350 | 317 | 328 | |
Total Assets | 118 | 282 | 305 | 381 | 451 | 537 | 443 | 507 | 497 | 551 | 736 | 695 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
38 | 50 | 49 | 45 | 78 | 54 | 53 | 99 | 115 | 113 | 118 | 101 | |
-5 | -149 | -2 | -42 | -71 | -2 | 157 | -62 | 16 | -64 | 25 | -6 | |
-34 | 104 | -49 | -0 | -0 | -27 | -175 | -53 | -116 | -70 | -93 | -140 | |
Net Cash Flow | -1 | 5 | -2 | 2 | 6 | 25 | 34 | -15 | 15 | -21 | 50 | -45 |
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 | 59 | 64 | 64 | 76 | 63 | 69 | 69 | 78 | 70 | 63 | 67 | 59 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 59 | 64 | 64 | 76 | 63 | 69 | 69 | 78 | 70 | 63 | 67 | 59 |
Working Capital Days | 31 | 43 | 49 | 74 | 71 | 69 | 88 | 54 | 43 | 50 | -10 | 35 |
ROCE % | 49% | 34% | 32% | 23% | 21% | 17% | 24% | 31% | 36% | 36% | 41% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
11h - Audio recording of Q1 FY2025-26 earnings call uploaded on company website.
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Board Comments On The Exchanges Observations- NRC Composition And Fine.
12h - Board clarifies temporary NRC composition gap; fine imposed for SEBI regulation non-compliance.
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Announcement under Regulation 30 (LODR)-Restructuring
13h - Q1 FY25 results approved; scheme to amalgamate ADI BPO with MPS Ltd approved; overseas subsidiary restructuring planned.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
13h - Approved Q1 results; Scheme to amalgamate ADI BPO into MPS; overseas subsidiary restructuring for eLearning consolidation.
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Un-Audited Financial Results For The First Quarter Ended 30 June 2025.
14h - Q1 2025 results approved; Scheme to amalgamate ADI BPO into MPS Ltd approved; overseas subsidiary restructuring granted in-principle approval.
Annual reports
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Financial Year 2024
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2010
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Concalls
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Jul 2025TranscriptNotesPPT
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Business Segments[1]
1. Content Solutions (53% revenue share in Q1FY24)
It provides comprehensive content solutions from content creation to delivery across all media that help drive the competitiveness and differentiation of educational, academic, science, technical, medical, and professional publishers. Its key offerings are Content authoring, development, learning design, Digital transformation, etc.