MT Educare Ltd

About

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 64.3 Cr.
  • Current Price 8.90
  • High / Low 13.9 / 6.22
  • Stock P/E
  • Book Value 19.8
  • Dividend Yield 0.00 %
  • ROCE -0.56 %
  • ROE -19.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.45 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -23.51% over past five years.
  • Company has a low return on equity of -7.27% for last 3 years.
  • Contingent liabilities of Rs.28.58 Cr.
  • Promoters have pledged 53.98% of their holding.
  • Earnings include an other income of Rs.37.55 Cr.
  • Debtor days have increased from 84.15 to 147.84 days.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -19.94%

Peer comparison

Sector: Education Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
58.16 49.71 50.29 62.67 64.41 54.79 23.30 23.35 34.99 12.90 3.94 19.35
49.88 42.70 44.47 49.80 48.50 36.88 37.01 20.09 29.12 15.50 23.30 16.22
Operating Profit 8.28 7.01 5.82 12.87 15.91 17.91 -13.71 3.26 5.87 -2.60 -19.36 3.13
OPM % 14.24% 14.10% 11.57% 20.54% 24.70% 32.69% -58.84% 13.96% 16.78% -20.16% -491.37% 16.18%
Other Income 4.15 5.53 7.32 8.11 8.26 4.12 -25.39 5.85 9.26 13.84 8.95 5.50
Interest 5.30 4.46 3.68 6.05 6.57 6.72 4.68 4.15 4.31 3.89 4.28 3.12
Depreciation 4.58 4.53 4.44 9.59 9.86 9.88 13.55 7.80 6.98 6.37 5.20 4.36
Profit before tax 2.55 3.55 5.02 5.34 7.74 5.43 -57.33 -2.84 3.84 0.98 -19.89 1.15
Tax % 54.51% 34.08% 5.18% 24.91% 31.27% 30.57% -2.97% 33.45% 98.70% -3.06% -47.86% 161.74%
Net Profit 1.15 2.35 4.75 4.01 5.31 3.77 -59.03 -1.89 0.06 1.01 -29.41 -0.71
EPS in Rs 0.16 0.33 0.66 0.56 0.74 0.52 -8.17 -0.26 0.01 0.14 -4.07 -0.10

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
108 131 157 202 227 287 305 223 229 205 75 71
87 107 128 159 180 228 274 394 200 172 88 84
Operating Profit 20 23 29 42 47 59 31 -171 29 33 -13 -13
OPM % 19% 18% 19% 21% 21% 20% 10% -77% 13% 16% -17% -18%
Other Income 1 4 5 2 7 8 13 14 20 -5 38 38
Interest 0 0 0 0 4 3 14 23 20 24 17 16
Depreciation 8 8 9 13 9 16 19 21 18 43 26 23
Profit before tax 13 19 25 32 41 48 11 -202 11 -39 -18 -14
Tax % 38% 33% 30% 35% 29% 32% 46% 35% 20% -18% -69%
Net Profit 8 13 18 21 30 32 6 -132 9 -46 -30 -29
EPS in Rs 4.56 5.29 7.47 8.12 1.47 -18.36 1.26 -6.36 -4.19 -4.02
Dividend Payout % 17% 12% 44% 43% 35% 25% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-4%
5 Years:-24%
3 Years:-30%
TTM:-57%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:21%
TTM:-34%
Stock Price CAGR
10 Years:%
5 Years:-42%
3 Years:-41%
1 Year:-21%
Return on Equity
10 Years:-4%
5 Years:-19%
3 Years:-7%
Last Year:-19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
34 35 40 40 40 40 40 72 72 72 72
Reserves 13 22 62 72 86 109 102 133 147 101 71
Borrowings 4 0 0 0 5 35 145 173 132 80 56
54 73 77 71 83 94 89 96 102 174 179
Total Liabilities 106 130 178 183 214 278 375 474 454 426 378
33 31 67 101 66 73 85 65 112 141 113
CWIP 1 16 12 7 4 11 4 1 2 7 0
Investments 24 14 17 12 1 1 0 0 0 6 0
47 68 81 63 142 193 286 408 339 272 265
Total Assets 106 130 178 183 214 278 375 474 454 426 378

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
15 12 27 17 17 32 -79 -65 -44 79 -3
-10 -6 -48 -22 -5 -50 -7 -150 138 20 9
4 -10 28 -9 -8 14 92 201 -93 -98 -7
Net Cash Flow 9 -3 7 -15 5 -3 5 -14 1 0 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 18 18 23 16 34 58 138 29 41 64 148
Inventory Days
Days Payable
Cash Conversion Cycle 18 18 23 16 34 58 138 29 41 64 148
Working Capital Days -122 -95 -105 -70 -49 -24 84 -44 75 -65 -161
ROCE % 34% 32% 30% 37% 33% 11% -54% 9% 5% -1%

Shareholding Pattern

Numbers in percentages

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

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