MT Educare Ltd

About [ edit ]

MT Educare is an education support and coaching services provider for students in the secondary and higher secondary school and for students pursuing graduation degree in commerce, preparing for various competitive examinations and undertaking chartered a(Source : 201903 Annual Report Page No:106)

  • Market Cap 54.5 Cr.
  • Current Price 7.55
  • High / Low 18.2 / 6.22
  • Stock P/E
  • Book Value 22.2
  • Dividend Yield 0.00 %
  • ROCE 1.87 %
  • ROE -12.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.34 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -5.92% over past five years.
  • Company has a low return on equity of -23.74% for last 3 years.
  • Contingent liabilities of Rs.45.31 Cr.
  • Promoters have pledged 53.98% of their holding.
  • Debtor days have increased from 44.80 to 63.08 days.
  • Company's cost of borrowing seems high

Peer comparison

Sector: Education Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
30.68 49.57 51.09 41.33 40.02 43.86 44.36 42.09 16.37 13.99 16.02 12.21
103.73 51.17 41.66 36.21 32.83 36.47 32.82 28.26 29.27 14.36 18.33 14.79
Operating Profit -73.05 -1.60 9.43 5.12 7.19 7.39 11.54 13.83 -12.90 -0.37 -2.31 -2.58
OPM % -238.10% -3.23% 18.46% 12.39% 17.97% 16.85% 26.01% 32.86% -78.80% -2.64% -14.42% -21.13%
Other Income 3.08 3.80 4.16 3.23 8.47 6.17 6.71 4.22 -26.91 4.21 7.80 8.84
Interest 5.08 5.96 4.92 1.72 3.72 5.21 5.45 5.80 3.36 3.13 3.52 2.97
Depreciation 4.39 3.90 3.76 3.39 3.29 8.75 8.70 8.58 11.20 6.94 5.98 5.61
Profit before tax -79.44 -7.66 4.91 3.24 8.65 -0.40 4.10 3.67 -54.37 -6.23 -4.01 -2.32
Tax % 52.52% 39.69% 42.36% 35.49% 18.96% 35.00% 36.59% 35.97% -4.82% 29.05% 4.24% -6.90%
Net Profit -37.73 -4.63 2.83 2.09 7.01 -0.25 2.59 2.36 -56.99 -4.42 -3.84 -2.48
EPS in Rs -5.26 -0.64 0.39 0.29 0.97 -0.03 0.36 0.33 -7.89 -0.61 -0.53 -0.34

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
73 83 105 128 154 183 199 244 253 181 182 147 59
64 70 85 104 125 140 155 189 233 343 161 126 77
Operating Profit 8 13 21 24 29 43 45 55 19 -162 21 20 -18
OPM % 11% 16% 20% 19% 19% 23% 22% 23% 8% -89% 12% 14% -31%
Other Income 2 3 1 4 5 3 7 8 13 14 19 -10 -6
Interest 0 0 0 0 0 0 4 3 14 21 17 20 13
Depreciation 7 8 8 8 8 12 8 15 17 19 14 37 30
Profit before tax 3 7 13 20 26 33 39 45 2 -187 9 -47 -67
Tax % 17% 29% 37% 32% 29% 34% 29% 35% 99% 35% 20% -11%
Net Profit 3 5 8 14 18 22 28 29 0 -121 7 -52 -68
EPS in Rs 4.64 5.53 7.00 7.34 0.01 -16.92 1.01 -7.24 -9.37
Dividend Payout % 0% 0% 17% 11% 43% 41% 38% 27% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:6%
5 Years:-6%
3 Years:-17%
TTM:-66%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-425%
Stock Price CAGR
10 Years:%
5 Years:-48%
3 Years:-52%
1 Year:-25%
Return on Equity
10 Years:-1%
5 Years:-13%
3 Years:-24%
Last Year:-13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
0 1 34 35 40 40 40 40 40 72 72 72 72
Reserves 36 40 13 23 63 74 86 106 96 137 149 96 88
Borrowings 5 0 4 0 0 2 5 35 145 163 70 27 13
40 48 53 72 75 66 76 82 72 81 77 164 174
Total Liabilities 80 89 105 130 177 182 206 262 353 453 368 359 348
33 33 32 30 66 85 47 52 61 43 32 93 81
CWIP 3 3 1 16 12 6 4 9 3 1 0 0 0
Investments 9 19 25 15 19 26 17 18 18 18 34 40 36
36 34 47 68 81 64 138 184 271 392 302 225 231
Total Assets 80 89 105 130 177 182 206 262 353 453 368 359 348

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
14 21 15 13 27 14 14 29 -69 -278 127 57
-7 -17 -11 -6 -49 -23 -1 -48 -15 71 -20 25
2 -5 4 -10 28 -6 -10 14 92 193 -105 -83
Net Cash Flow 8 -1 9 -3 6 -15 4 -4 8 -15 1 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 9% 18% 31% 36% 32% 30% 35% 31% 7% -51% 8% 2%
Debtor Days 7 5 18 19 23 18 35 57 135 32 40 63
Inventory Turnover 354.50 153.56 42.95 21.42 0.00

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
83.22 83.22 82.71 82.71 82.71 82.71 82.71 77.47 77.47 75.06 63.28 63.28
0.21 0.21 0.17 0.10 0.10 0.10 0.00 0.00 0.00 0.00 0.00 0.00
0.05 0.04 0.00 0.00 0.02 0.00 0.01 0.00 0.00 0.00 0.00 0.00
16.52 16.53 17.12 17.19 17.17 17.20 17.28 22.53 22.53 24.94 36.72 36.72

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