Tree House Education & Accessories Ltd

Tree House Education & Accessories Ltd

₹ 22.8 2.47%
23 Apr - close price
About

Incorporated in 2006, Tree House Education & Accessories Ltd provides education and related services including leasing of education infrastructure[1]

Key Points

Business Overview:[1][2]
Company is primarily in pre-school education across various locations in India. It also operates in K12 segment with 24 schools under its management. Tree House brand is owned by the Company and is earning Royalty income from Franchises. Also, it has created an online platform in 2020 for online preschool education and other activities like online dance class, online summer activities, online Art & Craft class etc.

  • Market Cap 95.8 Cr.
  • Current Price 22.8
  • High / Low 35.0 / 15.0
  • Stock P/E 479
  • Book Value 48.9
  • Dividend Yield 0.00 %
  • ROCE -15.4 %
  • ROE -15.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.47 times its book value

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 20.5%
  • Company has a low return on equity of -10.0% over last 3 years.
  • Contingent liabilities of Rs.33.4 Cr.
  • Promoters have pledged 99.4% of their holding.
  • Company has high debtors of 688 days.
  • Company's cost of borrowing seems high

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
0.55 3.67 1.39 1.57 1.49 1.55 2.08 1.36 1.41 5.21 1.95 2.09 2.19
1.31 4.48 1.40 1.24 17.32 5.40 2.43 1.83 1.91 9.82 1.96 1.74 1.95
Operating Profit -0.76 -0.81 -0.01 0.33 -15.83 -3.85 -0.35 -0.47 -0.50 -4.61 -0.01 0.35 0.24
OPM % -138.18% -22.07% -0.72% 21.02% -1,062.42% -248.39% -16.83% -34.56% -35.46% -88.48% -0.51% 16.75% 10.96%
0.00 -8.48 0.00 0.00 0.26 15.97 0.16 0.25 0.31 -1.65 0.41 0.00 0.00
Interest 1.37 1.51 1.42 1.68 1.56 1.60 0.89 0.78 4.63 0.09 0.00 0.00 0.00
Depreciation 6.07 5.98 5.71 10.44 0.47 0.40 0.35 37.84 0.34 0.29 0.23 0.18 0.18
Profit before tax -8.20 -16.78 -7.14 -11.79 -17.60 10.12 -1.43 -38.84 -5.16 -6.64 0.17 0.17 0.06
Tax % 0.00% 0.77% 0.00% 0.00% 0.00% 7.71% 0.00% 0.00% 0.00% 111.75% 588.24% 588.24% 1,483.33%
-8.20 -16.65 -7.14 -11.79 -17.60 9.34 -1.43 -38.84 -5.16 0.78 -0.83 -0.83 -0.83
EPS in Rs -1.94 -3.94 -1.69 -2.79 -4.16 2.21 -0.34 -9.18 -1.22 0.18 -0.20 -0.20 -0.20
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
77.21 114.28 157.64 207.45 209.33 59.27 7.00 3.66 2.76 5.29 6.00 10.05 11.44
35.38 52.46 68.28 88.84 143.13 78.93 9.25 4.09 4.94 7.12 6.79 9.22 15.47
Operating Profit 41.83 61.82 89.36 118.61 66.20 -19.66 -2.25 -0.43 -2.18 -1.83 -0.79 0.83 -4.03
OPM % 54.18% 54.10% 56.69% 57.18% 31.62% -33.17% -32.14% -11.75% -78.99% -34.59% -13.17% 8.26% -35.23%
4.06 7.06 1.21 7.15 11.37 -84.93 -46.73 -4.15 6.76 -8.48 -2.36 -7.71 -1.24
Interest 6.50 6.62 7.59 14.21 16.72 10.75 5.53 5.11 4.17 5.46 6.25 6.38 0.09
Depreciation 7.80 13.38 16.96 26.82 44.64 49.92 52.60 32.45 29.10 24.65 17.01 38.82 0.88
Profit before tax 31.59 48.88 66.02 84.73 16.21 -165.26 -107.11 -42.14 -28.69 -40.42 -26.41 -52.08 -6.24
Tax % 31.43% 31.79% 33.47% 28.16% 57.19% 1.40% 9.42% 0.17% 1.92% 0.32% -2.95% 14.27%
21.66 33.34 43.92 60.87 6.95 -162.94 -97.02 -42.06 -28.15 -40.29 -27.20 -44.66 -1.71
EPS in Rs 6.42 9.27 11.82 14.39 1.64 -38.51 -22.93 -9.94 -6.65 -9.52 -6.43 -10.56 -0.42
Dividend Payout % 15.57% 13.49% 12.69% 13.90% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -22%
5 Years: 8%
3 Years: 54%
TTM: 79%
Compounded Profit Growth
10 Years: %
5 Years: 4%
3 Years: -10%
TTM: 101%
Stock Price CAGR
10 Years: -23%
5 Years: 37%
3 Years: 36%
1 Year: 41%
Return on Equity
10 Years: -4%
5 Years: -10%
3 Years: -10%
Last Year: -16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 33.72 35.97 37.17 42.31 42.31 42.31 42.31 42.31 42.31 42.31 42.31 42.31 42.31
Reserves 222.67 297.39 360.39 602.41 613.12 450.81 348.23 306.22 278.07 240.80 210.99 166.33 164.67
51.40 66.72 82.63 105.82 98.91 76.73 79.86 72.73 28.71 33.40 19.87 0.33 0.04
28.75 44.35 46.54 52.66 40.12 31.16 20.44 21.36 14.95 14.55 9.62 8.08 6.81
Total Liabilities 336.54 444.43 526.73 803.20 794.46 601.01 490.84 442.62 364.04 331.06 282.79 217.05 213.83
137.07 155.01 246.84 320.99 372.18 337.04 260.02 226.56 155.16 133.84 79.13 15.22 15.17
CWIP 19.54 39.77 28.49 24.81 4.67 0.00 0.00 0.00 0.00 0.00 0.00 0.71 0.18
Investments 31.17 9.98 11.48 11.24 103.56 10.98 10.38 9.38 9.38 9.38 9.38 9.38 9.38
148.76 239.67 239.92 446.16 314.05 252.99 220.44 206.68 199.50 187.84 194.28 191.74 189.10
Total Assets 336.54 444.43 526.73 803.20 794.46 601.01 490.84 442.62 364.04 331.06 282.79 217.05 213.83

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6.40 -13.86 35.24 59.02 -14.02 8.14 1.90 14.10 -5.39 1.10 3.09 10.50
-101.08 -49.42 -97.38 -108.35 -93.13 3.60 0.22 3.59 47.64 -0.28 16.49 16.58
113.50 64.31 24.23 199.90 -32.09 -32.93 -2.40 -12.23 -48.19 -0.77 -19.79 -26.25
Net Cash Flow 18.82 1.03 -37.91 150.56 -139.25 -21.19 -0.28 5.46 -5.94 0.05 -0.21 0.84

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 27.47 21.94 67.15 73.02 99.58 181.36 1,416.20 1,913.76 2,691.21 1,353.74 1,525.70 687.87
Inventory Days
Days Payable
Cash Conversion Cycle 27.47 21.94 67.15 73.02 99.58 181.36 1,416.20 1,913.76 2,691.21 1,353.74 1,525.70 687.87
Working Capital Days -42.26 -25.68 10.05 3.62 51.02 154.63 1,221.19 627.28 1,711.27 826.60 1,385.18 559.67
ROCE % 15.86% 14.84% 16.75% 15.57% 4.17% -9.95% -9.86% -7.14% -6.37% -7.85% -1.84% -15.36%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
20.54% 20.54% 20.54% 20.54% 20.54% 20.54% 20.54% 20.54% 20.54% 20.54% 20.54% 20.54%
7.18% 7.18% 7.14% 7.14% 7.14% 7.14% 7.14% 7.14% 7.14% 7.14% 7.14% 7.14%
72.28% 72.28% 72.32% 72.32% 72.32% 72.33% 72.32% 72.33% 72.33% 72.32% 72.32% 72.33%
No. of Shareholders 15,68115,48715,84115,97918,00616,78816,15916,03715,41015,20515,30716,203

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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