Tree House Education & Accessories Ltd

Tree House Education & Accessories is principal business is providing education and related services including leasing of education infrastructure.

Add ratio:

Pros:

Company has reduced debt.

Company is virtually debt free.

Stock is trading at 0.09 times its book value

Cons:

Company has low interest coverage ratio.

The company has delivered a poor growth of -52.88% over past five years.

Promoter holding is low: 20.54%

Company has a low return on equity of -11.40% for last 3 years.

Promoters have pledged 99.45% of their holding.

Earnings include an other income of Rs.6.76 Cr.

Company has high debtors of 1913.76 days.

Peer comparison Sector: Education // Industry: Miscellaneous

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Detailed Comparison with:

	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020
	4	2	0	1	1	1	1	1	1	1	0	1
	3	17	2	3	1	1	1	1	1	1	1	2
Operating Profit	1	-15	-1	-2	0	-0	-1	-0	0	-0	-1	-1
OPM %	22%	-879%	-243%	-142%	20%	-6%	-96%	-26%	16%	-65%	-219%	-222%
Other Income	-1	-0	1	-31	-3	0	0	-5	0	7	1	-2
Interest	2	1	0	2	1	2	1	1	1	3	1	1
Depreciation	12	10	19	12	9	7	7	10	7	7	7	7
Profit before tax	-14	-26	-19	-48	-13	-9	-8	-16	-8	-4	-8	-11
Tax %	-0%	-0%	-0%	21%	-0%	-0%	-0%	0%	-0%	-0%	-0%	5%
Net Profit	-14	-26	-19	-38	-13	-9	-8	-16	-8	-4	-8	-11
EPS in Rs	-3.42	-6.10	-4.53	-8.88	-2.18	-2.03	-1.99	-3.73	-2.01	-0.84	-1.92	-1.92
	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	TTM
	5	10	21	39	77	114	158	207	209	59	7	4	3
	5	8	14	22	35	52	68	89	146	79	9	4	5
Operating Profit	1	2	7	17	42	62	89	119	63	-20	-2	-0	-2
OPM %	16%	20%	33%	43%	54%	54%	57%	57%	30%	-33%	-32%	-12%	-79%
Other Income	0	0	0	2	4	7	1	7	15	-85	-47	-4	7
Interest	0	0	1	1	6	7	8	14	17	11	6	5	7
Depreciation	1	2	3	4	8	13	17	27	45	50	53	32	29
Profit before tax	-0	1	4	14	32	49	66	85	16	-165	-107	-42	-31
Tax %	-171%	4%	35%	32%	31%	32%	33%	28%	57%	1%	9%	0%
Net Profit	-0	1	3	9	22	33	44	61	7	-163	-97	-42	-31
EPS in Rs					6.26	9.07	11.56	13.99	1.24	0.00	0.00	0.00	-6.69
Dividend Payout %	-0%	0%	0%	0%	16%	13%	13%	14%	0%	-0%	-0%	-0%

* Sales is net of excise duty and discounts

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
	9	15	17	24	34	36	37	42	42	42	42	42	42
Reserves	-1	29	44	99	223	297	360	602	613	451	348	306	278
Borrowings	0	0	12	48	51	67	83	106	99	77	80	73	29
	2	3	14	16	29	44	47	53	40	31	20	21	15
Total Liabilities	10	47	88	186	337	444	527	803	794	601	491	443	364
	8	24	33	62	137	155	247	321	372	337	260	227	155
CWIP	0	16	30	52	20	40	28	25	5	0	0	0	0
Investments	0	0	1	3	31	10	11	11	104	11	10	9	9
	1	8	23	69	149	240	240	446	314	253	220	207	200
Total Assets	10	47	88	186	337	444	527	803	794	601	491	443	364

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
	1	-1	2	11	6	-14	35	59	-14	8	2	14
	-9	-32	-29	-70	-101	-49	-97	-108	-93	4	0	4
	8	35	35	78	114	64	24	200	-32	-33	-2	-12
Net Cash Flow	-0	2	8	19	19	1	-38	151	-139	-21	-0	5

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
ROCE %	-2%	2%	8%	12%	16%	15%	17%	16%	4%	-10%	-10%	-7%
Debtor Days	1	15	119	16	27	22	67	73	100	181	1,416	1,914
Inventory Turnover	4.40	2.19	1.52	0.78	0.56	0.35	0.37	0.49	0.92	0.90	0.06	0.06

Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020
20.54	20.54	20.54	20.54	20.54	20.54	20.54	20.54	20.54	20.54	20.54	20.54
7.67	7.67	7.67	7.67	7.67	7.67	7.67	7.67	7.67	7.67	7.67	7.66
2.47	2.45	2.45	2.42	1.04	0.00	0.00	0.00	0.00	0.02	0.00	0.00
69.33	69.34	69.34	69.37	70.76	71.79	71.79	71.79	71.79	71.77	71.79	71.80