Navneet Education Ltd

Navneet Educat. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Navneet Education Ltd

₹ 158 1.59%
24 Jul - close price
navneet.com BSE: 508989 NSE: NAVNETEDUL
About

Navneet Education Limited is primarily into manufacturing and trading of education books, reference books, technical & professional books in paper form and e-learning form, and also paper and non-paper based stationery products. [1]

Key Points

Market Position[1]
Co. has a dominant market share of ~65% in western India. The company serves 5 Mediums/Languages for State Board Publications including CBSE/ICSE

Website BSE NSE
  • Market Cap ₹ 3,565 Cr.
  • Current Price ₹ 158
  • High / Low ₹ 176 / 129
  • Stock P/E 18.5
  • Book Value ₹ 57.2
  • Dividend Yield 1.65 %
  • ROCE 16.2 %
  • ROE 15.8 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 32.4%

Cons

  • Stock is trading at 2.76 times its book value
  • Company has a low return on equity of 11.8% over last 3 years.
  • Earnings include an other income of Rs.81.6 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: Printing & Stationery Industry: Printing & Stationery

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
216 328 231 233 322 694 330 264 409 791 266 259 435
178 273 214 223 267 498 307 265 356 583 270 260 355
Operating Profit 37 54 17 10 55 195 22 -1 53 209 -4 -2 80
OPM % 17% 17% 8% 4% 17% 28% 7% -0% 13% 26% -2% -1% 18%
3 7 8 81 2 23 3 67 4 11 74 3 5
Interest 1 2 2 1 2 3 2 3 4 8 4 4 5
Depreciation 12 12 11 11 16 11 14 13 20 13 15 16 21
Profit before tax 27 47 13 79 39 204 10 51 33 199 52 -19 58
Tax % 29% 32% 62% 36% 23% 25% 122% 40% 31% 27% 31% -30% 18%
19 32 5 50 30 152 -2 31 23 145 36 -13 48
EPS in Rs 0.82 1.40 0.22 2.24 1.35 6.77 -0.10 1.36 1.01 6.41 1.57 -0.58 2.11
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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
815 892 974 956 1,168 1,203 1,442 1,496 832 1,112 1,694 1,751
620 682 735 749 892 979 1,170 1,180 744 1,017 1,403 1,457
Operating Profit 194 210 239 207 275 223 272 315 88 94 291 294
OPM % 24% 24% 25% 22% 24% 19% 19% 21% 11% 8% 17% 17%
2 4 3 17 22 26 23 22 59 98 79 82
Interest 11 12 11 5 6 9 17 19 11 7 13 20
Depreciation 23 26 31 30 28 31 33 47 47 50 58 65
Profit before tax 162 176 200 190 264 210 245 272 89 135 298 291
Tax % 34% 34% 35% 37% 31% 39% 38% 27% 37% 45% 32% 13%
107 115 130 107 171 127 153 197 56 74 204 252
EPS in Rs 4.48 4.83 5.47 4.51 7.30 5.45 6.68 8.62 2.44 3.34 9.04 11.12
Dividend Payout % 36% 41% 40% 49% 34% 28% 15% 35% 41% 45% 29% 23%
Compounded Sales Growth
10 Years: 7%
5 Years: 4%
3 Years: 28%
TTM: 3%
Compounded Profit Growth
10 Years: 5%
5 Years: 5%
3 Years: 88%
TTM: 22%
Stock Price CAGR
10 Years: 7%
5 Years: 9%
3 Years: 18%
1 Year: 6%
Return on Equity
10 Years: 16%
5 Years: 12%
3 Years: 12%
Last Year: 16%

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
Equity Capital 48 48 48 48 47 47 46 46 46 45 45 45
Reserves 371 431 496 535 647 705 745 817 885 903 1,105 1,248
169 234 144 103 159 244 337 278 74 135 288 258
121 131 136 83 167 158 190 149 176 186 218 196
Total Liabilities 709 844 823 769 1,020 1,154 1,318 1,290 1,181 1,269 1,657 1,747
174 187 170 181 252 255 252 298 261 249 240 255
CWIP 6 5 4 1 3 4 17 6 22 4 7 2
Investments 31 47 49 32 24 46 66 88 142 167 300 285
498 604 599 556 740 849 984 898 755 850 1,109 1,206
Total Assets 709 844 823 769 1,020 1,154 1,318 1,290 1,181 1,269 1,657 1,747

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
74 59 162 168 79 48 95 286 268 29 -22 156
-70 -62 -8 -4 -79 -54 -43 -61 -40 -24 -86 -35
-6 6 -155 -170 -6 -79 -11 -201 -214 -2 101 -122
Net Cash Flow -2 3 -1 -6 -6 -85 41 23 14 3 -6 -1

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 74 80 71 71 87 97 74 65 81 80 71 77
Inventory Days 260 281 274 244 258 267 287 236 382 318 270 265
Days Payable 24 18 14 24 48 46 47 23 72 47 28 22
Cash Conversion Cycle 310 343 330 292 297 318 313 278 391 350 313 320
Working Capital Days 161 186 168 176 171 202 182 171 230 196 183 193
ROCE % 32% 29% 30% 28% 35% 24% 25% 25% 5% 6% 19% 16%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
62.84% 63.15% 63.31% 63.31% 63.31% 63.31% 63.31% 63.31% 63.31% 63.31% 63.31% 63.31%
3.78% 3.66% 2.94% 2.42% 2.65% 3.10% 3.42% 3.36% 4.03% 3.54% 3.67% 3.38%
14.88% 14.27% 13.26% 13.24% 12.39% 12.04% 11.28% 11.15% 11.39% 12.41% 12.45% 12.38%
18.50% 18.91% 20.49% 21.03% 21.65% 21.53% 21.98% 22.17% 21.61% 20.73% 20.56% 20.92%
No. of Shareholders 41,31040,64743,79641,68143,60541,75741,62839,56040,11240,12540,71642,133

* 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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