IEC Education Ltd

IEC Education Ltd

₹ 19.8 1.95%
22 Nov - close price
About

Incorporated in 1981, IEC Education
Ltd provides education services to
Colleges and Universities, Implementation
of Skill Development Schemes of various Governments, Franchise Centers etc.[1]

Key Points

Business Overview:[1]
IECEL is in the business of Computer Education, Science, Technology and Management, Hotel Management, Pharmacy, Vocational education. It provides Information Technology solutions and services to its clientele

  • Market Cap 30.3 Cr.
  • Current Price 19.8
  • High / Low 19.8 / 1.69
  • Stock P/E
  • Book Value 19.7
  • Dividend Yield 0.00 %
  • ROCE -1.88 %
  • ROE -2.00 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 1.01 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -1.12% over last 3 years.

* 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: Computer Education Industry: Computers - Education

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.05 0.05 0.10 0.04 0.27 0.07 0.16 0.03 0.26 0.06 0.31 0.10 0.05
Operating Profit -0.05 -0.05 -0.10 -0.04 -0.27 -0.07 -0.16 -0.03 -0.26 -0.06 -0.31 -0.10 -0.05
OPM %
0.00 0.00 0.01 0.00 0.25 0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.05 -0.05 -0.09 -0.04 -0.02 0.00 -0.16 -0.03 -0.26 -0.06 -0.31 -0.10 -0.05
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.05 -0.05 -0.10 -0.04 -0.03 -0.01 -0.17 -0.03 -0.27 -0.06 -0.31 -0.10 -0.05
EPS in Rs -0.03 -0.03 -0.07 -0.03 -0.02 -0.01 -0.11 -0.02 -0.18 -0.04 -0.20 -0.07 -0.03
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
4.46 3.46 3.14 0.01 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3.35 3.91 2.54 1.28 0.63 0.44 0.40 0.55 0.25 0.23 0.45 0.61 0.52
Operating Profit 1.11 -0.45 0.60 -1.27 -0.61 -0.44 -0.40 -0.55 -0.25 -0.23 -0.45 -0.61 -0.52
OPM % 24.89% -13.01% 19.11% -12,700.00% -3,050.00%
0.03 1.27 -0.13 1.90 0.54 0.00 -0.04 0.00 0.05 0.01 0.23 -0.02 0.00
Interest 0.17 0.07 0.02 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.00
Depreciation 0.63 0.59 0.63 0.55 0.51 0.51 0.51 0.02 0.02 0.02 0.01 0.00 0.00
Profit before tax 0.34 0.16 -0.18 0.07 -0.59 -0.95 -0.96 -0.57 -0.23 -0.24 -0.23 -0.63 -0.52
Tax % 23.53% 31.25% -33.33% 42.86% -13.56% -9.47% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.27 0.13 -0.13 0.04 -0.51 -0.86 -0.96 -0.56 -0.23 -0.23 -0.23 -0.64 -0.52
EPS in Rs 0.20 0.10 -0.07 0.04 -0.33 -0.56 -0.63 -0.37 -0.15 -0.14 -0.14 -0.41 -0.34
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: 3%
5 Years: 6%
3 Years: %
TTM: -8%
Stock Price CAGR
10 Years: 16%
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: -1%
5 Years: -1%
3 Years: -1%
Last Year: -2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 15.26 15.26 15.26 15.26 15.26 15.26 15.26 15.26 15.26 15.26 15.26 15.26 15.26
Reserves 18.91 19.06 18.92 18.98 18.48 17.64 16.67 16.25 16.04 15.82 15.60 14.97 14.81
2.68 1.89 1.73 1.71 1.70 1.68 1.68 1.68 1.68 1.68 1.68 1.68 1.68
3.17 1.80 2.24 1.26 1.25 1.40 1.13 1.01 0.98 0.93 1.38 0.57 0.57
Total Liabilities 40.02 38.01 38.15 37.21 36.69 35.98 34.74 34.20 33.96 33.69 33.92 32.48 32.32
7.04 3.71 2.75 2.20 1.69 1.19 0.47 0.57 0.55 0.53 0.41 0.00 0.00
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
32.98 34.30 35.40 35.01 35.00 34.79 34.27 33.63 33.41 33.16 33.51 32.48 32.32
Total Assets 40.02 38.01 38.15 37.21 36.69 35.98 34.74 34.20 33.96 33.69 33.92 32.48 32.32

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1.39 -3.75 -1.53 0.13 -2.24 0.04 -0.05 0.00 -0.10 -0.10 -0.02 -0.67
0.03 4.01 0.23 1.50 0.52 0.00 0.17 0.00 0.04 0.01 0.11 0.41
-0.94 -0.85 -0.17 -0.02 -0.02 -0.02 0.00 0.00 0.00 0.00 0.00 0.00
Net Cash Flow -2.30 -0.59 -1.46 1.61 -1.75 0.02 0.12 0.00 -0.06 -0.09 0.09 -0.26

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 567.14 785.91 903.20 252,215.00 116,252.50
Inventory Days
Days Payable
Cash Conversion Cycle 567.14 785.91 903.20 252,215.00 116,252.50
Working Capital Days 407.56 611.85 924.12 326,675.00 167,535.00
ROCE % 1.47% -2.79% -0.05% 0.22% -1.61% -2.69% -2.65% -1.69% -0.78% -0.76% -0.64% -1.88%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
66.49% 66.49% 66.49% 66.49% 66.49% 66.49% 66.49% 66.49% 66.49% 66.49% 66.49% 66.49%
33.52% 33.51% 33.51% 33.52% 33.52% 33.52% 33.52% 33.52% 33.52% 33.53% 33.52% 33.51%
No. of Shareholders 4,7534,7534,7544,7554,7524,7464,7464,7464,7474,7424,7444,670

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