Shanti Educational Initiatives Ltd

₹ 172 -1.63%

22 Nov - close price

About

Shanti Educational Initiatives is engaged in the business of providing education services and related activities. It is a venture of Chiripal Group based in Ahmedabad, India. ^[1]

Key Points

Educational Units

Website BSE

Market Cap ₹ 2,769 Cr.
Current Price ₹ 172
High / Low ₹ 208 / 52.0
Stock P/E 565
Book Value ₹ 3.93
Dividend Yield 0.00 %
ROCE 7.43 %
ROE 5.15 %
Face Value ₹ 1.00

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Pros

Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Debtor days have improved from 52.7 to 41.2 days.
Company's working capital requirements have reduced from 133 days to 87.1 days

Cons

Stock is trading at 43.8 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 4.15% over last 3 years.
Earnings include an other income of Rs.4.13 Cr.

* 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: Education Industry: Miscellaneous

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	0.80	1.01	1.04	4.56	1.74	0.90	10.99	7.57	2.91	2.07	1.75	8.49	6.29
	1.12	1.48	1.70	2.69	2.30	1.47	10.58	4.32	2.48	2.64	3.71	4.79	4.34
Operating Profit	-0.32	-0.47	-0.66	1.87	-0.56	-0.57	0.41	3.25	0.43	-0.57	-1.96	3.70	1.95
OPM %	-40.00%	-46.53%	-63.46%	41.01%	-32.18%	-63.33%	3.73%	42.93%	14.78%	-27.54%	-112.00%	43.58%	31.00%
	0.63	0.00	2.91	0.03	2.33	0.07	4.83	0.02	1.78	0.85	1.12	0.12	2.04
Interest	0.08	0.08	0.33	0.08	0.06	0.07	0.30	0.05	0.07	0.04	0.08	0.05	0.13
Depreciation	0.06	0.06	0.56	0.05	0.05	0.07	0.22	0.05	0.05	0.03	0.13	0.08	0.06
Profit before tax	0.17	-0.61	1.36	1.77	1.66	-0.64	4.72	3.17	2.09	0.21	-1.05	3.69	3.80
Tax %	-5.88%	3.28%	-0.74%	25.42%	39.76%	-39.06%	28.60%	26.50%	33.01%	-42.86%	-18.10%	25.20%	28.68%
	0.18	-0.63	1.37	1.33	1.00	-0.38	3.37	2.33	1.40	0.30	-0.86	2.76	2.70
EPS in Rs	0.01	-0.04	0.09	0.08	0.06	-0.02	0.21	0.14	0.09	0.02	-0.05	0.17	0.17
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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
	24.26	5.21	6.13	8.83	9.60	21.95	14.17	12.41	2.99	3.93	10.99	13.66	18.60
	24.20	6.29	5.62	7.56	8.06	21.44	13.07	13.07	4.94	5.37	10.58	12.45	15.48
Operating Profit	0.06	-1.08	0.51	1.27	1.54	0.51	1.10	-0.66	-1.95	-1.44	0.41	1.21	3.12
OPM %	0.25%	-20.73%	8.32%	14.38%	16.04%	2.32%	7.76%	-5.32%	-65.22%	-36.64%	3.73%	8.86%	16.77%
	0.26	1.27	0.52	2.79	2.19	2.59	1.11	2.44	3.50	3.54	4.83	3.78	4.13
Interest	0.04	0.01	0.05	0.01	0.00	0.41	0.49	0.54	0.37	0.56	0.30	0.31	0.30
Depreciation	0.15	0.10	0.09	0.10	0.34	0.34	0.32	0.91	0.84	0.74	0.22	0.26	0.30
Profit before tax	0.13	0.08	0.89	3.95	3.39	2.35	1.40	0.33	0.34	0.80	4.72	4.42	6.65
Tax %	69.23%	-37.50%	34.83%	32.15%	40.12%	29.36%	30.00%	78.79%	-526.47%	0.00%	28.60%	28.05%
	0.04	0.10	0.58	2.68	2.03	1.65	0.98	0.07	2.13	0.80	3.37	3.18	4.90
EPS in Rs	0.00	0.01	0.04	0.18	0.13	0.10	0.06	0.00	0.13	0.05	0.21	0.20	0.31
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:	10%
5 Years:	-1%
3 Years:	66%
TTM:	-17%

Compounded Profit Growth
10 Years:	18%
5 Years:	27%
3 Years:	14%
TTM:	-27%

Stock Price CAGR
10 Years:	%
5 Years:	80%
3 Years:	158%
1 Year:	162%

Return on Equity
10 Years:	4%
5 Years:	3%
3 Years:	4%
Last Year:	5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	14.00	14.00	14.00	15.30	16.10	16.10	16.10	16.10	16.10	16.10	16.10	16.10
Reserves	7.61	7.71	8.48	21.56	29.99	31.48	32.43	37.81	40.03	40.93	44.21	47.15
	0.25	28.04	25.86	10.20	11.18	4.70	4.76	3.78	3.24	2.82	2.20	1.53
	37.58	1.76	2.01	3.36	4.47	5.02	5.54	7.84	4.53	3.95	3.87	3.22
Total Liabilities	59.44	51.51	50.35	50.42	61.74	57.30	58.83	65.53	63.90	63.80	66.38	68.00
	6.45	6.16	7.47	7.85	12.89	12.94	18.12	19.57	18.87	18.12	18.15	18.37
CWIP	0.00	0.02	0.00	0.85	5.76	8.98	5.11	5.53	6.79	6.79	0.00	0.11
Investments	11.41	11.41	7.77	7.97	3.26	3.26	3.26	9.26	9.33	9.52	9.33	9.26
	41.58	33.92	35.11	33.75	39.83	32.12	32.34	31.17	28.91	29.37	38.90	40.26
Total Assets	59.44	51.51	50.35	50.42	61.74	57.30	58.83	65.53	63.90	63.80	66.38	68.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-2.03	-28.24	0.58	0.85	-1.82	0.63	0.74	1.61	-1.43	0.45	0.18	-2.05
	-5.08	0.17	2.42	-1.09	-5.07	5.75	0.26	0.73	0.92	1.70	1.45	1.49
	6.01	27.78	-2.75	0.29	6.83	-6.44	-0.66	-1.51	-0.36	-0.98	-0.91	-0.93
Net Cash Flow	-1.10	-0.29	0.25	0.06	-0.06	-0.06	0.34	0.82	-0.88	1.17	0.71	-1.49

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	210.79	78.46	42.87	54.56	60.83	37.75	71.87	18.24	96.44	51.08	65.76	41.15
Inventory Days	12.02	170.48	163.76	163.72	199.34	42.89	123.32	106.71	523.49			233.06
Days Payable	343.54	91.80	45.38	48.07	87.55	23.55	63.73	88.92	158.49			49.32
Cash Conversion Cycle	-120.73	157.15	161.25	170.22	172.62	57.09	131.46	36.02	461.44	51.08	65.76	224.88
Working Capital Days	-333.56	91.07	27.39	-1.24	74.90	21.78	72.90	18.24	258.80	213.61	99.64	87.11
ROCE %	0.90%	-2.82%	1.92%	8.30%	6.50%	5.04%	3.58%	1.51%	1.21%	2.28%	8.21%	7.43%

Shareholding Pattern

Numbers in percentages

16 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	64.20%	64.20%	64.20%	64.33%	64.33%	64.47%	64.47%	64.47%	64.47%	64.47%	64.47%	64.47%
	14.37%	14.51%	14.68%	14.76%	18.40%	18.42%	18.62%	18.84%	19.01%	19.01%	18.62%	18.53%
	21.44%	21.29%	21.12%	20.91%	17.26%	17.12%	16.92%	16.70%	16.53%	16.53%	16.92%	17.01%
No. of Shareholders	757	1,318	1,084	2,329	2,108	2,058	1,873	2,135	2,189	2,775	2,368	3,377

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	64.55%	63.06%	64.20%	64.20%	61.22%	64.20%	64.47%	64.47%	64.47%
	11.11%	12.86%	12.86%	8.84%	14.37%	14.51%	18.42%	19.01%	18.53%
	24.34%	24.07%	22.94%	26.96%	24.42%	21.29%	17.12%	16.53%	17.01%
No. of Shareholders	156	147	155	161	151	1,318	2,058	2,775	3,377

* 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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Shanti Educational Initiatives Ltd

Shanti Educational Initiatives Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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