Navneet Education Ltd

₹ 125 -0.75%
25 Nov - close price
About

Navneet Education Limited is primarily into manufacturing and trading of education books, reference books, technical & professional books in paper form and e-learning form, and also paper and non-paper based stationery products. [1]

Key Points

Market Position
The co. has a dominant market share of about 65% in western India. With a new range of supplementary books for CBSE and ICSE Boards students, its educational products are now available across India. [1]

  • Market Cap 2,831 Cr.
  • Current Price 125
  • High / Low 151 / 81.0
  • Stock P/E 15.5
  • Book Value 48.0
  • Dividend Yield 1.20 %
  • ROCE 11.2 %
  • ROE 7.93 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 33.9%

Cons

  • Stock is trading at 2.61 times its book value
  • The company has delivered a poor sales growth of -0.98% over past five years.
  • Company has a low return on equity of 11.2% over last 3 years.
  • Earnings include an other income of Rs.94.9 Cr.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
253.29 196.65 250.58 331.99 163.73 123.20 215.65 327.85 231.17 233.18 322.10 693.74 329.80
230.77 188.43 198.28 263.29 164.53 143.90 178.48 273.48 213.80 219.26 259.25 498.43 307.35
Operating Profit 22.52 8.22 52.30 68.70 -0.80 -20.70 37.17 54.37 17.37 13.92 62.85 195.31 22.45
OPM % 8.89% 4.18% 20.87% 20.69% -0.49% -16.80% 17.24% 16.58% 7.51% 5.97% 19.51% 28.15% 6.81%
5.53 5.56 2.55 2.83 46.57 9.41 2.82 6.71 8.03 77.44 5.09 9.03 3.36
Interest 2.91 1.43 4.78 4.54 2.31 1.79 1.49 1.81 1.57 1.34 1.52 2.76 1.88
Depreciation 11.35 11.78 13.15 11.05 11.62 12.56 11.89 12.28 10.65 10.72 16.02 11.17 14.14
Profit before tax 13.79 0.57 36.92 55.94 31.84 -25.64 26.61 46.99 13.18 79.30 50.40 190.41 9.79
Tax % -99.13% 929.82% 10.32% 29.60% 35.96% 11.39% 29.12% 31.65% 61.76% 10.74% 18.12% 27.23% 122.37%
Net Profit 22.77 -4.73 33.11 39.38 20.39 -22.72 18.86 32.12 5.04 70.78 41.27 138.56 -2.19
EPS in Rs 0.99 -0.21 1.45 1.72 0.89 -0.99 0.82 1.40 0.22 3.13 1.82 6.13 -0.10
Raw PDF

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 Mar 2022 TTM
545 616 815 892 974 956 1,168 1,203 1,442 1,496 832 1,112 1,579
428 483 620 682 735 749 892 979 1,170 1,180 744 959 1,284
Operating Profit 117 133 194 210 239 207 275 223 272 315 88 153 295
OPM % 21% 22% 24% 24% 25% 22% 24% 19% 19% 21% 11% 14% 19%
8 11 2 4 3 17 22 26 23 22 59 94 95
Interest 5 7 11 12 11 5 6 9 17 19 11 7 8
Depreciation 14 17 23 26 31 30 28 31 33 47 47 50 52
Profit before tax 107 120 162 176 200 190 264 210 245 272 89 190 330
Tax % 38% 35% 34% 34% 35% 37% 31% 39% 38% 27% 37% 32%
Net Profit 67 78 107 115 130 107 171 127 153 197 56 130 248
EPS in Rs 2.80 3.27 4.48 4.83 5.47 4.51 7.30 5.45 6.68 8.62 2.44 5.80 10.98
Dividend Payout % 50% 43% 36% 41% 40% 49% 34% 28% 15% 35% 41% 26%
Compounded Sales Growth
10 Years: 6%
5 Years: -1%
3 Years: -8%
TTM: 76%
Compounded Profit Growth
10 Years: 0%
5 Years: -15%
3 Years: -21%
TTM: 448%
Stock Price CAGR
10 Years: 8%
5 Years: -6%
3 Years: 8%
1 Year: 25%
Return on Equity
10 Years: 18%
5 Years: 14%
3 Years: 11%
Last Year: 8%

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 Mar 2022 Sep 2022
48 48 48 48 48 48 47 47 46 46 46 45 45
Reserves 275 314 371 431 496 535 647 705 745 817 885 958 1,040
66 145 169 234 144 103 159 244 337 278 74 135 58
55 73 122 132 136 83 167 158 190 149 176 185 243
Total Liabilities 444 579 709 844 823 769 1,020 1,154 1,318 1,290 1,181 1,324 1,385
119 161 174 187 170 181 252 255 252 298 261 249 244
CWIP 10 4 6 5 4 1 3 4 17 6 22 4 4
Investments 0 1 31 47 49 32 24 46 66 88 142 222 236
316 414 498 604 599 556 740 849 984 898 755 850 901
Total Assets 444 579 709 844 823 769 1,020 1,154 1,318 1,290 1,181 1,324 1,385

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 Mar 2022
60 8 74 59 162 168 79 48 95 286 268 6
-35 -46 -70 -62 -8 -4 -79 -54 -43 -61 -40 -24
-25 33 -6 6 -155 -170 -6 -79 -11 -201 -214 21
Net Cash Flow 0 -6 -2 3 -1 -6 -6 -85 41 23 14 3

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 Mar 2022
Debtor Days 58 69 74 80 71 71 87 97 74 65 81 80
Inventory Days 241 265 260 281 274 244 258 267 287 236 382 322
Days Payable 11 18 24 18 14 24 48 46 47 23 72 47
Cash Conversion Cycle 288 315 310 343 330 292 297 318 313 278 391 355
Working Capital Days 148 163 161 186 168 176 171 202 182 171 230 204
ROCE % 29% 28% 32% 29% 30% 28% 35% 24% 25% 25% 5% 11%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
62.14 62.38 62.38 62.33 62.33 62.33 62.33 62.84 63.15 63.31 63.31 63.31
4.22 3.87 3.77 3.97 4.02 4.16 4.30 3.78 3.66 2.94 2.42 2.65
16.97 16.67 16.50 16.46 16.02 15.76 14.67 14.88 14.27 13.26 13.24 12.39
16.67 17.08 17.35 17.25 17.63 17.75 18.70 18.50 18.91 20.49 21.03 21.65

Documents

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