Zee Learn Ltd

Zee Learn Ltd

₹ 6.35 -1.55%
16 Apr - close price
About

Incorporated in 2010, Zee Learn Ltd delivers learning solutions and training through its multiple products and services school infrastructure on long-term lease agreements. It also provides education support and coaching services for students[1]

Key Points

Business Overview:[1]
ZLL is a part of Essel Group. They operate K-12 school, pre schools and vocational academies. ZLL also acts as a consultant to local entrepreneurs who wish to set-up K-12 schools and the Kidzee pre-school and provides end-to-end education management and advisory services. The group follows a structure of Company- Owned and Company Operated (COCO) and franchisee models. It has 49 pre school centers under the COCO model (32 Kidzee,11 Mount Litera World Pre schools and 6 Mount Litera Zee schools Junior). Company also has 6K-12 COCO schools (5 Mount Litera Zee School and 1 Mount Litera Schools International), which operate under various trusts or societies

  • Market Cap 207 Cr.
  • Current Price 6.35
  • High / Low 9.78 / 2.67
  • Stock P/E
  • Book Value 0.36
  • Dividend Yield 0.00 %
  • ROCE 2.37 %
  • ROE -18.7 %
  • Face Value 1.00

Pros

  • Debtor days have improved from 104 to 29.7 days.

Cons

  • Stock is trading at 17.5 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 3.81% over past five years.
  • Promoter holding is low: 15.0%
  • Company has a low return on equity of -4.69% over last 3 years.
  • Contingent liabilities of Rs.157 Cr.
  • Promoters have pledged 29.2% of their holding.
  • Promoter holding has decreased over last 3 years: -11.1%

* 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

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
51.19 46.99 64.68 53.68 51.94 77.58 85.92 72.49 54.73 111.03 105.63 66.44 67.73
43.79 52.90 46.71 39.57 43.22 70.99 67.93 55.06 44.55 131.37 86.38 63.02 45.44
Operating Profit 7.40 -5.91 17.97 14.11 8.72 6.59 17.99 17.43 10.18 -20.34 19.25 3.42 22.29
OPM % 14.46% -12.58% 27.78% 26.29% 16.79% 8.49% 20.94% 24.04% 18.60% -18.32% 18.22% 5.15% 32.91%
17.93 15.03 9.52 6.14 4.66 14.06 5.16 3.03 -152.94 -256.79 10.66 -5.28 -4.52
Interest 12.28 14.10 11.26 11.07 10.01 11.91 10.54 10.68 11.33 11.00 11.81 8.95 10.99
Depreciation 12.68 10.28 10.42 9.82 9.99 6.47 7.77 7.58 8.44 8.30 6.83 6.60 6.45
Profit before tax 0.37 -15.26 5.81 -0.64 -6.62 2.27 4.84 2.20 -162.53 -296.43 11.27 -17.41 0.33
Tax % 43.24% -76.67% 76.25% -0.00% -33.53% 323.35% 109.30% 108.18% -0.50% -0.40% 41.70% -5.17% 687.88%
0.21 -26.96 1.38 -0.64 -8.83 -5.06 -0.45 -0.18 -163.34 -297.63 6.56 -18.31 -1.94
EPS in Rs -0.01 -0.46 0.05 0.01 -0.15 0.00 0.01 0.07 -4.94 -8.74 0.26 -0.50 0.03
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
61 101 121 128 152 180 269 517 515 257 248 324 351
83 109 109 97 108 121 166 359 346 214 197 293 326
Operating Profit -22 -8 12 31 43 59 103 158 169 43 51 31 25
OPM % -36% -8% 10% 24% 29% 33% 38% 31% 33% 17% 20% 10% 7%
1 1 3 4 2 4 3 32 10 56 31 -408 -256
Interest 3 6 10 15 20 21 19 47 59 51 44 44 43
Depreciation 3 7 7 9 10 10 11 28 64 50 37 32 28
Profit before tax -27 -20 -2 10 15 32 76 115 56 -2 1 -452 -302
Tax % -1% -7% -0% -0% -0% -3% 35% 27% 55% -947% 1,665% -2%
-28 -21 -2 10 15 34 49 83 25 -21 -13 -462 -311
EPS in Rs -1.05 -0.81 -0.06 0.31 0.47 1.04 1.51 2.33 1.34 -0.27 -0.08 -13.60 -8.95
Dividend Payout % -0% -0% -0% -0% -0% 10% 7% 4% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 12%
5 Years: 4%
3 Years: -14%
TTM: 21%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -153%
Stock Price CAGR
10 Years: -12%
5 Years: -25%
3 Years: -15%
1 Year: 55%
Return on Equity
10 Years: 5%
5 Years: 3%
3 Years: -5%
Last Year: -19%

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 26 26 32 32 32 32 33 33 33 33 33 33 33
Reserves 114 93 191 202 218 260 321 399 438 432 430 -13 -21
158 347 312 372 387 253 257 432 458 444 437 463 483
55 62 74 77 68 201 326 616 594 563 547 540 519
Total Liabilities 353 529 610 683 705 746 937 1,479 1,523 1,471 1,447 1,022 1,014
142 29 39 94 114 521 536 1,001 1,070 1,025 987 649 703
CWIP 69 302 432 444 478 93 84 56 59 53 53 53 0
Investments -0 -0 5 4 10 6 14 2 11 -0 -0 -0 -0
142 198 133 140 104 126 303 419 382 394 407 320 311
Total Assets 353 529 610 683 705 746 937 1,479 1,523 1,471 1,447 1,022 1,014

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
-33 -5 55 33 47 189 249 21 122 12 62 42
-35 -166 -114 -83 -40 -9 -227 -49 15 14 -6 -12
78 172 64 43 -5 -173 -15 27 -150 -29 -37 -30
Net Cash Flow 10 1 4 -7 2 6 7 -1 -13 -2 20 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 26 38 39 46 72 101 20 37 47 130 152 30
Inventory Days 188 112 202 320 111 155 85 121 232 261 86 168
Days Payable 382 103 92 155 93 141 73 440 757 2,259 1,287 451
Cash Conversion Cycle -168 47 149 211 89 115 33 -282 -478 -1,868 -1,049 -253
Working Capital Days -361 -492 -171 -198 -31 -46 -63 -49 -105 -53 -101 -144
ROCE % -4% 2% 4% 6% 9% 16% 20% 14% 4% 4% 2%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
21.69% 18.62% 18.62% 18.62% 15.05% 15.05% 15.05% 15.05% 15.05% 15.05% 15.05% 15.05%
19.94% 18.88% 18.74% 15.15% 12.32% 12.32% 12.32% 11.41% 11.41% 10.59% 5.99% 5.99%
0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
58.37% 62.49% 62.63% 66.21% 72.62% 72.63% 72.62% 73.53% 73.54% 74.34% 78.94% 78.95%
No. of Shareholders 1,19,1321,31,7361,33,5281,54,5511,64,6311,62,0721,58,5231,57,6291,55,9861,51,8471,48,6261,43,440

* 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.

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