S Chand & Company Ltd

S Chand & Company Ltd

₹ 201 -1.78%
22 Nov - close price
About

Incorporated in 1970 and listed in 2016, S Chand & Company is principally engaged in publishing educational books with products ranging from school books, higher academic books, competition and reference books, technical and professional books, and children's books. The company provides its products and services in printed as well as digital forms.

Key Points

Business Overview:[1]
The company is primarily engaged in the
publishing and distribution of books for K-12[2] segment for the CBSE/ICSE affiliated schools. The company sells products in categories viz., competitive exams & reference books, technical & professional books, KG to 12th school books, higher academic books, educational CDs. Apart from this, the company has also invested in startups offering digital solutions in exams and test preparations.

  • Market Cap 707 Cr.
  • Current Price 201
  • High / Low 335 / 190
  • Stock P/E 58.2
  • Book Value 238
  • Dividend Yield 1.49 %
  • ROCE 2.65 %
  • ROE 1.72 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.84 times its book value
  • Company has delivered good profit growth of 29.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 107%
  • Company's working capital requirements have reduced from 211 days to 136 days

Cons

  • Company has a low return on equity of 1.29% over last 3 years.
  • Earnings include an other income of Rs.15.6 Cr.
  • Company has high debtors of 186 days.
  • Company's cost of borrowing seems high

* 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

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
24.04 15.33 120.48 39.98 26.29 17.34 142.88 41.39 26.02 21.25 161.90 53.38 26.24
28.81 30.53 79.46 37.57 28.47 42.74 98.34 36.86 37.39 41.25 109.66 46.15 41.42
Operating Profit -4.77 -15.20 41.02 2.41 -2.18 -25.40 44.54 4.53 -11.37 -20.00 52.24 7.23 -15.18
OPM % -19.84% -99.15% 34.05% 6.03% -8.29% -146.48% 31.17% 10.94% -43.70% -94.12% 32.27% 13.54% -57.85%
6.59 2.81 6.38 16.01 -7.95 8.97 2.37 2.56 1.72 6.11 0.42 1.69 7.34
Interest 3.30 2.90 2.61 1.84 4.22 3.76 4.24 2.16 4.40 3.62 2.62 1.56 1.05
Depreciation 1.67 2.02 2.47 1.62 2.68 2.70 4.64 2.47 3.71 2.29 3.26 2.58 2.65
Profit before tax -3.15 -17.31 42.32 14.96 -17.03 -22.89 38.03 2.46 -17.76 -19.80 46.78 4.78 -11.54
Tax % -31.75% 0.00% 9.12% 24.53% -13.21% -20.53% 26.11% -30.89% -70.72% -29.04% 34.12% 35.56% -25.56%
-2.15 -17.31 38.47 11.29 -14.78 -18.19 28.11 3.22 -5.20 -14.04 30.82 3.08 -8.58
EPS in Rs -0.61 -4.94 10.98 3.22 -4.22 -5.17 8.00 0.91 -1.48 -3.99 8.75 0.87 -2.44
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
191 229 233 277 293 344 194 151 143 170 228 251 263
171 202 206 241 237 279 231 178 136 157 208 225 238
Operating Profit 20 26 27 35 56 65 -37 -26 7 13 19 26 24
OPM % 10% 12% 12% 13% 19% 19% -19% -18% 5% 8% 9% 10% 9%
1 1 1 3 9 27 1 5 21 19 19 10 16
Interest 6 4 8 5 15 10 11 15 16 12 16 13 9
Depreciation 3 5 8 7 7 3 4 9 9 8 13 12 11
Profit before tax 11 17 12 26 44 79 -50 -46 3 12 10 12 20
Tax % 36% 37% 33% 37% 38% 36% -38% -13% 31% 24% 58% -27%
7 11 8 16 27 51 -31 -40 2 9 4 15 11
EPS in Rs 440.42 629.93 446.06 806.64 9.12 14.51 -8.87 -11.36 0.63 2.53 1.21 4.20 3.19
Dividend Payout % 4% 4% 0% 0% 288% 10% 0% 0% 0% 0% 248% 71%
Compounded Sales Growth
10 Years: 1%
5 Years: 5%
3 Years: 21%
TTM: 15%
Compounded Profit Growth
10 Years: 3%
5 Years: 29%
3 Years: 79%
TTM: 4%
Stock Price CAGR
10 Years: %
5 Years: 16%
3 Years: 20%
1 Year: -27%
Return on Equity
10 Years: 1%
5 Years: 0%
3 Years: 1%
Last Year: 2%

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 Sep 2024
Equity Capital 0.21 0.22 0.22 0.20 15 17 17 17 17 18 18 18 18
Reserves 245 290 298 484 487 843 805 765 768 779 831 836 820
77 39 117 83 211 52 129 119 104 75 136 66 53
77 95 117 118 110 223 108 84 73 73 84 116 68
Total Liabilities 399 424 532 685 823 1,135 1,060 986 962 944 1,069 1,036 958
18 23 27 26 26 26 38 54 47 38 62 58 60
CWIP 0 2 0 0 0 0 1 0 0 1 1 0 0
Investments 189 189 276 369 471 624 611 602 617 624 693 631 642
192 210 229 291 327 485 410 330 298 281 314 347 256
Total Assets 399 424 532 685 823 1,135 1,060 986 962 944 1,069 1,036 958

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
-9 22 29 -28 -6 5 -22 16 52 44 24 44
-169 -14 -88 -89 -102 -119 -53 4 -5 2 7 67
178 -9 62 121 113 138 60 -43 -31 -37 -23 -95
Net Cash Flow 1 0 2 4 5 25 -15 -23 16 8 9 16

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 186 219 232 252 266 321 369 364 346 253 193 186
Inventory Days 201 183 182 171 193 144 356 359 271 204 193 260
Days Payable 317 326 415 308 302 344 359 335 338 302 228 355
Cash Conversion Cycle 70 75 -1 115 157 121 366 388 279 155 158 92
Working Capital Days 196 172 131 197 60 157 334 409 411 293 204 136
ROCE % 8% 7% 5% 6% 9% 11% -2% -2% 2% 3% 4% 3%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
47.30% 47.30% 47.30% 47.30% 47.14% 47.14% 47.06% 47.06% 47.06% 47.06% 47.06% 47.06%
0.05% 0.01% 0.01% 0.92% 0.50% 0.85% 1.39% 5.76% 6.23% 7.79% 7.88% 6.15%
8.30% 6.38% 5.59% 5.60% 5.58% 4.71% 3.71% 3.71% 3.82% 3.82% 3.82% 3.82%
44.35% 46.32% 47.10% 46.18% 46.79% 47.29% 47.85% 43.47% 42.87% 41.32% 41.23% 42.95%
No. of Shareholders 48,01447,54046,68045,30244,55443,89044,86242,02741,29540,41741,88341,910

* 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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