BSE: 532696 | NSE: EDUCOMP | IT - Education | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Educomp Solutions Ltd is a below average quality company.
The key valuation ratios of Educomp Solutions Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Educomp Solutions Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -5.7% | -28.1% | -4.1% | -9.1% | -228.3% | 0% | 0% | 0% | 0% | 0% | - |
| Value Creation Index ⓘ | -1.4 | -3.0 | -1.3 | NA | NA | NA | NA | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 282 | 198 | 201 | 177 | 64.5 | 19.3 | 9.7 | 1 | 1.4 | 4 | 4 |
| Sales YoY Gr. | - | -29.8% | 1.4% | -11.7% | -63.7% | -70% | -50% | -90% | 42.3% | 188.4% | - |
| Adj EPS ⓘ | -20.4 | -44.9 | -25.9 | -37.8 | -191 | -6.1 | -8.9 | -2.7 | -1.8 | -2.6 | -2.8 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 136 | 39.3 | 10.6 | -23.2 | -215.3 | -224.1 | -237 | -237.1 | -240.6 | -247.2 | -250.1 |
| Adj Net Profit ⓘ | -250 | -550 | -317 | -463 | -2,339 | -75.1 | -109 | -33.1 | -22.5 | -32.4 | -34 |
| Cash Flow from Ops. ⓘ | -756 | -300 | 142 | 74.5 | -15.4 | -6.6 | 1.5 | -9.3 | -2.6 | -1.8 | - |
| Debt/CF from Ops. ⓘ | -2.6 | -8.4 | 17.9 | 33.2 | -161 | -380 | 1767 | -273.9 | -986.9 | -1473.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -37.7% | -42.7% | -25.6% | 188.4% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | -206.9% | NA | NA | NA | ||||
| Share Price | -22.8% | 14.8% | -9.4% | -16.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -13.5 | -50.8 | -102.3 | 628.7 | 160.6 | 2.8 | 3.9 | 1.1 | 0.8 | 1.1 | 1.1 |
| Op. Profit Mgn % ⓘ | -30 | -21.8 | -29.5 | -36.9 | -1277.6 | -234.4 | -798.1 | -2182.8 | -810.9 | -189.1 | -370.4 |
| Net Profit Mgn % ⓘ | -88.4 | -277.7 | -157.6 | -260.7 | -3629.6 | -388.7 | -1126.8 | -3422.2 | -1628.1 | -812.5 | -851.7 |
| Debt to Equity ⓘ | 1.2 | 5.2 | 19.5 | -8.7 | -0.9 | -0.9 | -0.9 | -0.9 | -0.9 | -0.9 | - |
| Working Cap Days ⓘ | 2,536 | 3,462 | 2,600 | 2,552 | 4,198 | 5,036 | 7,747 | 56,747 | 35,484 | 11,853 | 7,426 |
| Cash Conv. Cycle ⓘ | 1,898 | 2,831 | 2,187 | 2,086 | 3,140 | 3,629 | 3,327 | 39,966 | 19,264 | -1,770 | -1,74,442 |
Return on Equity has increased versus last 3 years average to 1.10%
Sales growth has been subdued in last 3 years -25.59%
Sales growth is not so good in last 4 quarters at -14.07%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -2.8 | -6.5 |
| TTM Sales (₹ Cr.) | 4 | 4 |
| BVPS (₹.) ⓘ | -250.1 | 0 |
| Reserves (₹ Cr.) ⓘ | -3,087 | -3,042 |
| P/BV ⓘ | -0.01 | 0.00 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1.91 / 4.74 |
| All Time Low / High (₹) | 0.76 / 1130.00 |
| Market Cap (₹ Cr.) | 26.8 |
| Equity (₹ Cr.) | 24.5 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 63.2 |
| Pledged * | 94.41 | 94.41 | 94.41 | 94.41 | 94.41 | 94.41 | 94.41 | 94.41 | 94.41 | 94.41 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 282.30 | 198.18 | 200.99 | 177.48 | 64.45 | 19.33 | 9.66 | 0.97 | 1.38 | 3.98 |
| Operating Expenses ⓘ | 386.50 | 258.69 | 285.31 | 258.30 | 902.18 | 107.35 | 147.50 | 47.11 | 42.65 | 79.91 |
| Manufacturing Costs | 20.19 | 21.09 | 24.69 | 28.55 | 29.07 | 18.39 | 2.99 | 1.37 | 1.34 | 1.37 |
| Material Costs | 117.66 | 23.37 | 38.77 | 41.93 | 5.94 | 1.11 | 0.03 | 0 | 0.04 | 0 |
| Employee Cost | 142.42 | 128.86 | 115 | 111.69 | 37.33 | 14.96 | 7 | 2.17 | 2.12 | 2.41 |
| Other Costs ⓘ | 106.24 | 85.38 | 106.84 | 76.13 | 829.85 | 72.89 | 137.48 | 43.57 | 39.15 | 76.13 |
| Operating Profit ⓘ | -104.21 | -60.51 | -84.32 | -80.83 | -837.73 | -88.02 | -137.84 | -46.14 | -41.27 | -75.93 |
| Operating Profit Margin (%) | -36.9% | -30.5% | -42.0% | -45.5% | -1,299.9% | -455.0% | -1,426.7% | -4,776.6% | -2,988.6% | -1,906.8% |
| Other Income ⓘ | 34.88 | 34.03 | 22.10 | 37.97 | 7.53 | 3.18 | 1 | 0.51 | 2.64 | 1.11 |
| Interest ⓘ | 138.52 | 229.70 | 247.23 | 253.70 | 46.21 | 3.19 | 3.64 | 4.02 | 4.48 | 5.10 |
| Depreciation ⓘ | 54.08 | 47.83 | 40.07 | 27.22 | 14.78 | 11.44 | 3.18 | 0.94 | 0.42 | 0.31 |
| Exceptional Items ⓘ | -70 | -861.42 | -12.91 | -151.79 | -1,479.73 | -5.56 | -7.70 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -331.93 | -1,165.44 | -362.43 | -475.56 | -2,370.92 | -105.03 | -151.37 | -50.60 | -43.54 | -80.23 |
| Tax ⓘ | -19.70 | 0 | -19.09 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -312.23 | -1,165.44 | -343.34 | -475.56 | -2,370.92 | -105.03 | -151.37 | -50.60 | -43.54 | -80.23 |
| PAT Margin (%) | -110.0% | -588.0% | -170.0% | -268.0% | -3,678.9% | -543.0% | -1,566.8% | -5,237.9% | -3,152.5% | -2,014.9% |
| Adjusted EPS (₹) | -25.5 | -95.2 | -28.0 | -38.8 | -193.0 | -8.6 | -12.4 | -4.1 | -3.6 | -6.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1,665.45 | 481.57 | 130.24 | -283.76 | -2,636.11 | -2,744.69 | -2,901.95 | -2,903.24 | -2,946.80 | -3,027.03 |
| Share Capital ⓘ | 24.49 | 24.49 | 24.49 | 24.49 | 24.49 | 24.49 | 24.49 | 24.49 | 24.49 | 24.49 |
| Reserves ⓘ | 1,640.96 | 457.08 | 105.75 | -308.26 | -2,660.60 | -2,769.18 | -2,926.44 | -2,927.74 | -2,971.29 | -3,051.52 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 1,928.14 | 2,364.04 | 1,982.84 | 138.75 | 141.85 | 144.87 | 148.41 | 152.33 | 156.79 | 161.88 |
| Long Term Debt | 1,731.56 | 2,153.33 | 1,884.69 | 18.87 | 21.51 | 24.52 | 27.95 | 31.87 | 36.33 | 41.42 |
| Short Term Debt | 196.58 | 210.70 | 98.15 | 119.89 | 120.35 | 120.35 | 120.46 | 120.46 | 120.46 | 120.46 |
| Trade Payables | 156.52 | 89.24 | 85.11 | 132.70 | 125.63 | 132.26 | 137.46 | 135.21 | 139.56 | 147.50 |
| Others Liabilities ⓘ | 257.67 | 481.80 | 899.34 | 2,800.43 | 2,793.69 | 2,828.78 | 2,883.77 | 2,863.37 | 2,887.91 | 2,948.22 |
| Total Liabilities ⓘ | 4,007.78 | 3,416.64 | 3,097.53 | 2,788.12 | 425.06 | 361.22 | 267.70 | 247.67 | 237.47 | 230.57 |
Fixed Assets | ||||||||||
| Gross Block | 365.08 | 395.60 | 307.88 | 98.07 | 98.10 | 98.10 | 94.84 | 94.89 | 95.09 | 95.19 |
| Accumulated Depreciation | 259.54 | 311.80 | 245.39 | 59.61 | 74.39 | 85.82 | 88.41 | 89.35 | 89.75 | 90.06 |
| Net Fixed Assetsⓘ | 105.55 | 83.80 | 62.49 | 38.46 | 23.72 | 12.28 | 6.43 | 5.54 | 5.34 | 5.13 |
| CWIP ⓘ | 8.56 | 3.87 | 2.20 | 2.08 | 2 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 1,693.84 | 1,693.84 | 1,713.20 | 1,511.34 | 91.85 | 86.28 | 81.32 | 81.32 | 81.32 | 81.32 |
| Inventories | 56.63 | 25.36 | 12 | 6.81 | 1.44 | 0.27 | 0.25 | 0.25 | 0.20 | 0.20 |
| Trade Receivables | 1,846.83 | 1,356.85 | 1,166.24 | 1,023.64 | 266.04 | 226.14 | 146.29 | 123.45 | 118.92 | 118.63 |
| Cash Equivalents | 18.92 | 56.97 | 34.41 | 39.89 | 21.35 | 15.38 | 17.12 | 23.26 | 19.84 | 16.46 |
| Others Assetsⓘ | 277.45 | 195.95 | 106.99 | 165.91 | 18.66 | 20.86 | 16.30 | 13.85 | 11.85 | 8.83 |
| Total Assets ⓘ | 4,007.78 | 3,416.64 | 3,097.53 | 2,788.12 | 425.06 | 361.22 | 267.70 | 247.67 | 237.47 | 230.57 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -756.34 | -299.71 | 141.56 | 74.52 | -15.39 | -6.62 | 1.46 | -9.34 | -2.62 | -1.79 |
| PBT ⓘ | -331.93 | -1,165.44 | -362.43 | -475.56 | -2,370.92 | -105.03 | -151.37 | -50.60 | -43.54 | -80.23 |
| Adjustment ⓘ | 296.18 | 1,092.28 | 320.20 | 418.07 | 2,340.14 | 76.36 | 144.13 | 42.27 | 35.11 | 74.62 |
| Changes in Working Capital ⓘ | -713.79 | -218.03 | 175.4 | 128.78 | 9.34 | 23.51 | 3.81 | -2.84 | 2.68 | 3.78 |
| Tax Paid ⓘ | -6.28 | -2.61 | 21.87 | 3.23 | 6.04 | -1.46 | 4.88 | 1.83 | 3.13 | 0.04 |
| Cash Flow From Investing Activity ⓘ | 58.37 | 16.97 | 14.04 | 3.37 | 1.19 | 0.16 | 0.79 | 0.26 | 2.41 | 0.61 |
| Capex | -26.45 | -29.11 | -1.34 | -13.77 | -0.04 | 0 | -0.06 | -0.06 | -0.21 | -0.11 |
| Net Investments | -1.45 | 0 | 14.99 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 86.27 | 46.08 | 0.39 | 17.14 | 1.22 | 0.16 | 0.86 | 0.32 | 2.62 | 0.72 |
| Cash Flow From Financing Activityⓘ | 697.93 | 320.09 | -178.08 | -70.91 | -5.83 | -0.03 | 0 | 0 | 0 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 929.83 | 483.38 | -20.32 | -30.72 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -111.60 | -190.32 | -175.29 | -64.89 | -6.24 | 0 | -0.11 | 0 | 0 | 0 |
| Dividend Paid ⓘ | -0.58 | -0.01 | 0 | -0.04 | -0.05 | -0.03 | 0 | 0 | 0 | 0 |
| Others ⓘ | -119.72 | 27.04 | 17.53 | 24.74 | 0.46 | 0 | 0.11 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -0.04 | 37.35 | -22.47 | 6.97 | -20.04 | -6.49 | 2.25 | -9.07 | -0.21 | -1.18 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -17.18 | -108.56 | -112.24 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | -5.68 | -28.08 | -4.06 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 0.07 | 0.05 | 0.06 | 0.06 | 0.04 | 0.05 | 0.03 | 0 | 0.01 | 0.02 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 2,037 | 2,950 | 2,291 | 2,252 | 3,652 | 4,647 | 7,035 | 0 | 0 | 0 |
| Inventory Days | 68 | 76 | 34 | 19 | 23 | 16 | 10 | 93 | 59 | 18 |
| Payable Days | 576 | 1,860 | 812 | 948 | 7,941 | 0 | 0 | 0 | 0 | 0 |
Educomp Solution, established in 1994, offers diversified education solutions. It is the largest education company in
It caters to around 19,000 schools and 9.4 million learners and educators across the world. Educomp has subsidiaries namely EuroKids, Ask n learn, Learning.com, Savvica, authorgen.com, edusmart.com and threebrix.com.
In order to provide quality products and services it has partnered with Gaja Capital Partners, Learning Leadership Foundation (LLF), Microsoft, Intel, Raffles, Wipro are among others.
It has 27 offices across the world in one in
In April 2009, Educomp Solutions entered into joint venture with Lavasa Corporation with the aim of jointly facilitating independent trusts to set up four educational institutes at Lavasa. Also the company inked agreement to open Raffles International College in India through Joint Venture with Raffles Education Corporation the largest private education company in Asia-pacific region. Educomp has acquired 51% in Takshila Management Services. It is a specialist in setting up schools in tier-II and tier-III cities across
In June 2009, Educomp Solutions announce Joint Venture with Pearson, the international education and Information Company offering skills training in India to support vocational learning in India.
In August 2010, Educomp Solutions has picked up a strategic stake in leading engineering test preparation player Vidya Mandir Classes (VMC) for close to Rs 34 crore.
On October 2010, Educomp's subsidiary- Learning.com acquired Houghton Mifflin Harcourt's (HMH's) Connected Tech Texas Technology Applications (Tech Apps), Adoption contracts and an exclusive license to provide the Connected Tech - Texas (CTT) product to Texas Tech Apps Adoption customers. It also entered into an agreement with Chinese firm China Distance Education Holdings (CDEL), through its Singapore- based subsidiary AsknLearn.
In January 2011, Educomp Solutions and Zeebo Inc have announced the proposed formation of a new JV in India and have made public their plans to introduce a version of Zeebo`s 3G connected education and entertainment system especially for the Indian market in 2011.
In February 2011, Educomp Solutions picked up a majority stake in the leading test preparation company Gateforum Educational Services.
Products and Services
It has developed various products that cater from kindergarten to twelfth grade. It has created products namely Smart Class, Quest, Mathguru, WiZiQ, Learning Hour, Singapore Learning and Magikeys.
In service category, it provides professional development, school developments, computer education programs and creating learning system for schools.
Educomp is
It has a vision to be amongst the top five K-12 companies and to reach 10 million learners by 2010.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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