MT Educare Ltd

MT Educare Ltd

₹ 3.35 -2.62%
22 Apr 12:57 p.m.
About

Incorporated in 1988, Mahesh Tutorials Ltd provides education and coaching services

Key Points

Business Overview:[1][2]
Company is a subsidiary of Zee Learn Ltd,
(education arm of Essel Group) and is an education support and coaching services provider through offline classes, digital content delivery and 24x7 online support for courses. Company has total 55 centers, 823 faculty members and 12,965 students

  • Market Cap 24.2 Cr.
  • Current Price 3.35
  • High / Low 5.90 / 2.80
  • Stock P/E
  • Book Value 6.53
  • Dividend Yield 0.00 %
  • ROCE -16.4 %
  • ROE -43.9 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.52 times its book value
  • Debtor days have improved from 128 to 68.8 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -23.5% over past five years.
  • Company has a low return on equity of -25.5% over last 3 years.
  • Contingent liabilities of Rs.135 Cr.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 50.7% of their holding.
  • Promoter holding has decreased over last 3 years: -4.15%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
12.90 3.94 19.35 16.36 9.00 8.34 18.40 17.05 13.60 9.14 12.68 14.15 10.88
15.50 23.30 16.22 14.45 13.33 21.56 18.71 18.34 14.38 38.40 17.39 18.57 4.56
Operating Profit -2.60 -19.36 3.13 1.91 -4.33 -13.22 -0.31 -1.29 -0.78 -29.26 -4.71 -4.42 6.32
OPM % -20.16% -491.37% 16.18% 11.67% -48.11% -158.51% -1.68% -7.57% -5.74% -320.13% -37.15% -31.24% 58.09%
13.84 8.95 5.50 0.44 0.36 8.68 1.90 0.11 0.68 -14.47 5.99 5.16 -7.91
Interest 3.89 4.28 3.12 3.11 1.87 2.52 1.86 2.11 2.65 2.02 2.81 3.01 3.08
Depreciation 6.37 5.20 4.36 3.99 3.98 2.39 2.33 2.41 2.73 3.45 2.83 2.61 2.46
Profit before tax 0.98 -19.89 1.15 -4.75 -9.82 -9.45 -2.60 -5.70 -5.48 -49.20 -4.36 -4.88 -7.13
Tax % -3.06% -47.86% 161.74% 42.74% 2.24% -32.28% 20.38% -0.35% -1.09% 3.70% -7.57% -5.33% -4.21%
1.01 -29.41 -0.71 -2.71 -9.60 -12.51 -2.07 -5.72 -5.53 -47.38 -4.69 -5.13 -7.42
EPS in Rs 0.14 -4.07 -0.10 -0.38 -1.33 -1.73 -0.29 -0.79 -0.77 -6.56 -0.65 -0.71 -1.03
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
131 157 202 227 287 305 223 229 205 75 53 58 47
107 128 159 180 228 274 394 200 172 88 63 84 79
Operating Profit 23 29 42 47 59 31 -171 29 33 -13 -10 -25 -32
OPM % 18% 19% 21% 21% 20% 10% -77% 13% 16% -17% -19% -44% -68%
4 5 2 7 8 13 14 20 -5 38 13 -18 -11
Interest 0 -0 0 4 3 14 23 20 24 17 11 9 11
Depreciation 8 9 13 9 16 19 21 18 43 26 15 11 11
Profit before tax 19 25 32 41 48 11 -202 11 -39 -18 -23 -63 -66
Tax % 33% 30% 35% 29% 32% 46% 35% 20% -18% -69% -12% 4%
13 18 21 29 32 6 -132 9 -46 -30 -26 -61 -65
EPS in Rs 4.56 5.29 7.47 8.12 1.47 -18.36 1.26 -6.36 -4.19 -3.53 -8.41 -8.95
Dividend Payout % 12% 44% 43% 35% 25% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: -9%
5 Years: -24%
3 Years: -34%
TTM: -18%
Compounded Profit Growth
10 Years: %
5 Years: 11%
3 Years: -51%
TTM: -87%
Stock Price CAGR
10 Years: -28%
5 Years: -47%
3 Years: -20%
1 Year: -22%
Return on Equity
10 Years: -10%
5 Years: -14%
3 Years: -26%
Last Year: -44%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 35 40 40 40 40 40 72 72 72 72 72 72 72
Reserves 22 62 72 86 109 102 133 147 101 71 45 -15 -25
-0 -0 -0 5 35 145 173 132 130 109 98 117 125
73 77 71 83 94 89 96 102 123 125 117 121 126
Total Liabilities 130 178 183 214 278 375 474 454 426 377 333 294 299
31 67 101 66 73 85 65 112 141 113 93 72 76
CWIP 16 12 7 4 11 4 1 2 7 -0 1 0 0
Investments 14 17 12 1 1 -0 -0 -0 6 -0 -0 -0 -0
68 81 63 142 193 286 408 339 272 264 240 222 222
Total Assets 130 178 183 214 278 375 474 454 426 377 333 294 299

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
12 27 17 17 32 -79 -65 -44 79 -3 5 2
-6 -48 -22 -5 -50 -7 -150 138 20 9 4 -3
-10 28 -9 -8 14 92 201 -93 -98 -7 -9 1
Net Cash Flow -3 7 -15 5 -3 5 -14 1 0 -1 1 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 18 23 16 34 58 138 29 41 64 148 167 69
Inventory Days
Days Payable
Cash Conversion Cycle 18 23 16 34 58 138 29 41 64 148 167 69
Working Capital Days -95 -105 -70 -49 -24 92 -79 30 -57 71 -79 -184
ROCE % 34% 32% 30% 37% 33% 11% -54% 9% 5% -1% -6% -16%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.28% 63.28% 59.12% 59.12% 59.12% 59.12% 59.12% 59.12% 59.12% 59.12% 59.12% 59.12%
36.72% 36.72% 40.88% 40.88% 40.88% 40.87% 40.88% 40.88% 40.88% 40.87% 40.87% 40.88%
No. of Shareholders 19,97520,01423,87926,49927,06126,23825,49624,98824,42023,76423,82823,597

Documents

Concalls