Zee Learn Ltd

₹ 6.80 -0.73%
18 Aug - close price
About

Zee Learn Ltd is a diversified premium education group which delivers learning solutions and training through its multiple products/ brands. It is also in the business of providing and servicing school infra structure on long-term lease agreements.[1]

It is a part of Essel Group which is a diverse conglomerate with presence in broadcasting, DTH, print, education, industrial and infrastructure industries.[2]

Key Points

Presence across Student Lifecycle
The company has presence across the entire student life-cycle with business covering pre-schools, K-12 schools, universities, and training and manpower. It also runs tutorial and test-prep coaching academies and vocational academies.
The company runs businesses under various established brands such as Kidzee, ankurum, Mount Litera Zee School, Mahesh Tutorials, Lakshya Institute, and others.[1]

  • Market Cap 222 Cr.
  • Current Price 6.80
  • High / Low 20.7 / 5.70
  • Stock P/E 6.87
  • Book Value 12.7
  • Dividend Yield 0.00 %
  • ROCE 9.44 %
  • ROE 3.90 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.53 times its book value
  • Company is expected to give good quarter

Cons

  • Promoter holding has decreased over last quarter: -3.57%
  • The company has delivered a poor sales growth of -8.31% over past five years.
  • Promoter holding is low: 15.0%
  • Company has a low return on equity of 7.41% for last 3 years.
  • Contingent liabilities of Rs.643 Cr.
  • Promoters have pledged 29.2% of their holding.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
61 47 35 52 35 20 15 20 26 17 21 39 49
29 19 17 29 22 13 13 15 16 11 12 31 28
Operating Profit 32 28 18 23 13 7 2 5 10 6 9 8 20
OPM % 52% 59% 52% 44% 37% 35% 11% 24% 39% 36% 42% 21% 42%
5 6 7 6 7 7 7 9 8 9 8 -101 8
Interest 6 6 6 6 6 6 6 7 6 6 6 5 7
Depreciation 2 2 2 2 2 2 2 1 2 2 2 0 1
Profit before tax 29 25 17 21 12 5 0 6 10 8 9 -98 21
Tax % 29% 23% 24% 21% 25% 24% 32% 35% 25% 25% 25% -4% 26%
Net Profit 20 19 13 16 9 4 0 4 7 6 7 -102 15
EPS in Rs 0.62 0.59 0.39 0.50 0.27 0.12 0.01 0.11 0.23 0.17 0.21 -3.12 0.47

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
43 61 100 119 122 139 160 186 210 194 90 104 126
40 83 108 108 97 107 120 114 116 94 64 70 82
Operating Profit 2 -22 -8 11 25 32 41 73 94 100 27 34 44
OPM % 6% -35% -8% 9% 21% 23% 25% 39% 45% 52% 29% 32% 35%
1 1 1 3 5 3 13 15 17 24 30 -76 -75
Interest 0 4 6 8 13 14 15 13 20 25 26 24 25
Depreciation 1 3 6 7 7 6 4 3 4 9 8 5 5
Profit before tax 3 -27 -20 -1 10 15 35 71 87 91 23 -72 -61
Tax % 27% -1% -7% 0% 0% 0% -3% 36% 29% 25% 27% -14%
Net Profit 2 -28 -21 -1 10 15 36 46 62 69 17 -82 -74
EPS in Rs 0.15 -1.05 -0.81 -0.04 0.30 0.47 1.13 1.40 1.89 2.10 0.51 -2.52 -2.27
Dividend Payout % 0% 0% 0% 0% 0% 0% 9% 7% 5% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: -8%
3 Years: -21%
TTM: 55%
Compounded Profit Growth
10 Years: 10%
5 Years: -13%
3 Years: -34%
TTM: 111%
Stock Price CAGR
10 Years: -12%
5 Years: -31%
3 Years: -34%
1 Year: -47%
Return on Equity
10 Years: 8%
5 Years: 10%
3 Years: 7%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
12 26 26 32 32 32 32 33 33 33 33 33
Reserves 53 114 93 192 202 219 264 321 380 445 464 382
42 97 165 110 115 137 127 133 181 199 209 203
32 40 50 59 60 59 81 124 174 169 150 157
Total Liabilities 138 277 335 393 410 447 504 611 768 845 855 775
16 30 17 14 9 4 6 5 6 27 18 9
CWIP 0 0 27 3 4 5 0 0 2 0 0 0
Investments 0 0 106 206 336 354 360 336 602 602 602 602
122 247 185 169 61 82 137 270 159 217 235 165
Total Assets 138 277 335 393 410 447 504 611 768 845 855 775

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-8 -20 -40 -26 30 24 72 104 99 81 16 54
-13 -18 -16 -13 -31 -36 -43 -106 -141 -55 -8 -14
4 41 62 42 -6 15 -23 5 36 -34 -9 -21
Net Cash Flow -16 4 7 3 -7 3 6 3 -6 -9 -0 18

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 26 26 36 31 21 20 21 15 40 34 64 37
Inventory Days 188 224 128 202 320 111 155 85 121 232 261 86
Days Payable 328 453 118 92 155 93 141 73 219 220 477 293
Cash Conversion Cycle -114 -203 46 142 186 38 35 27 -58 46 -151 -170
Working Capital Days -188 243 -264 193 -177 10 -115 -82 77 -117 -334 104
ROCE % -14% -5% 2% 7% 8% 12% 19% 20% 18% 7% 9%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
57.17 57.17 57.17 51.78 37.18 28.61 26.17 21.69 18.62 18.62 18.62 15.05
24.19 23.99 23.56 21.61 21.60 21.60 21.60 19.94 18.88 18.74 15.15 12.32
0.06 0.04 0.01 0.03 0.01 0.01 0.40 0.00 0.00 0.01 0.01 0.01
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00
18.58 18.80 19.25 26.57 41.21 49.79 51.84 58.37 62.49 62.63 66.21 72.62

Documents

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