Navneet Education Ltd - Stock Valuation and Financial Performance

BSE: 508989 | NSE: NAVNETEDUL | Printing And Publishing | Small Cap

Navneet Education Share Price

137.75 1.85 1.36%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Navneet Education

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Navneet Education stock performance -

mw4me loader
P/E Ratio (CD):
17.30
Market Cap:
3,117.2 Cr.
52-wk low:
90.5
52-wk high:
176.2

Is Navneet Education Ltd an attractive stock to invest in?

1. Is Navneet Education Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Navneet Education Ltd is a good quality company.

2. Is Navneet Education Ltd undervalued or overvalued?

The key valuation ratios of Navneet Education Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Navneet Education Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Navneet Education Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Navneet Education:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Navneet Education Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 19%19.8%15.3%21.6%13.1%15.1%18.1%2.9%0.1%13.2%-
Value Creation
Index
0.40.40.10.6-0.10.10.3-0.8-1.0-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8969949621,1681,2031,4451,5128351,1141,6971,725
Sales YoY Gr.-10.9%-3.2%21.4%3%20.1%4.6%-44.8%33.5%52.3%-
Adj EPS 4.85.54.374.96.58.21-0.26.88
YoY Gr.-13.5%-22.1%63%-29.3%31.7%27.2%-88.1%-116.3%NA-
BVPS (₹) 20.122.824.529.732.234.637.740.741.950.955.6
Adj Net
Profit
11513110216311514818922.4-3.7154180
Cash Flow from Ops. 59.116216878.84895.328626829.1-21.6-
Debt/CF from Ops. 40.90.625.13.50.80.23.9-12.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.4%7.1%3.9%52.3%
Adj EPS 3.9%6.8%-6.1%NA
BVPS10.9%9.6%10.5%21.3%
Share Price 9.2% 4.9% 19% 45.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
25.625.618.125.515.919.222.82.5-0.414.715
Op. Profit
Mgn %
23.424.121.123.618.618.820.910.614.817.715.6
Net Profit
Mgn %
12.813.211.914.89.610.312.52.7-0.49.110.5
Debt to
Equity
0.50.30.20.20.30.40.30.10.10.2-
Working Cap
Days
221218216199238227222351254205133
Cash Conv.
Cycle
18518618215818617516926018516288

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.00%

Sales growth has been subdued in last 3 years 3.92%

Net Profit has been subdued in last 3 years -6.06%

Sales growth is not so good in last 4 quarters at 4.90%

Latest Financials - Navneet Education Ltd.

Standalone Consolidated
TTM EPS (₹) 11.2 8
TTM Sales (₹ Cr.) 1,658 1,725
BVPS (₹.) 66.1 55.6
Reserves (₹ Cr.) 1,449 1,211
P/BV 2.09 2.48
PE 12.36 17.30
From the Market
52 Week Low / High (₹) 90.50 / 176.15
All Time Low / High (₹) 0.53 / 193.60
Market Cap (₹ Cr.) 3,117
Equity (₹ Cr.) 45.2
Face Value (₹) 2
Industry PE 13.7

Management X-Ray of Navneet Education:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Navneet Education

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales8969949621,1681,2031,4451,5128351,1141,697
Operating Expenses 6877557598929791,1731,1977469511,397
Manufacturing Costs87959011813315914696136189
Material Costs434464460545585702729397532846
Employee Cost 748799119147171180164184232
Other Costs 921091101111151411428999130
Operating Profit 21023920327522327231588164300
Operating Profit Margin (%) 23.4%24.0%21.1%23.6%18.6%18.8%20.9%10.6%14.7%17.7%
Other Income 432122261722141915
Interest 1211569171911713
Depreciation 26313028313347475058
Exceptional Items 0000000437964
Profit Before Tax 17620019026421024527289135298
Tax 60697083839275336194
Profit After Tax 1151301201811281531975674204
PAT Margin (%) 12.9%13.1%12.5%15.5%10.6%10.6%13.0%6.7%6.7%12.0%
Adjusted EPS (₹)4.85.54.57.35.56.78.62.43.39.0
Dividend Payout Ratio (%)41%40%49%34%28%15%35%41%45%29%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 4795435836947527918639309481,150
Share Capital 48484847474646464545
Reserves 4314965356477057458178859031,105
Minority Interest0000000020
Debt23214410315924433723644113276
Long Term Debt0001000000
Short Term Debt23214410315924433723543113276
Trade Payables21183071749146786964
Others Liabilities 11211853958196135128137165
Total Liabilities 8448237691,0201,1501,3161,2801,1811,2691,657

Fixed Assets

Gross Block365374386472519540628627667697
Accumulated Depreciation178204223240266290331367419457
Net Fixed Assets187170164232253250297260248240
CWIP 541341762247
Investments 47493224466688143167300
Inventories334348307384428551471416463625
Trade Receivables196189187278318292268185242331
Cash Equivalents 7661072110242927
Others Assets6757738994119141131115125
Total Assets 8448237691,0201,1501,3161,2801,1811,2691,657

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 5916216879489528626829-22
PBT 17620017725321024527289135298
Adjustment 33381415424363234711
Changes in Working Capital -89-1051-114-116-9726182-109-264
Tax Paid -61-65-74-75-89-96-76-25-45-67
Cash Flow From Investing Activity -62-8-4-79-54-43-61-40-24-86
Capex -43-18-26-55-35-32-40-3134-44
Net Investments -17-11311-20-14-21-9-61-36
Others -2119-35230-12-6
Cash Flow From Financing Activity 6-156-170-6-79-11-201-214-2101
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00000000-10
Interest Paid -10-9-4-4-8-15-14-7-4-10
Dividend Paid -50-56-1260-70-42-1100-23-34
Others 66-90-40-2-146-76-20726146
Net Cash Flow 3-1-6-6-854123143-6
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)25.6925.5321.3428.3617.6419.8123.856.237.9219.42
ROCE (%)28.8430.1428.3234.9823.6624.6826.129.6713.9925.03
Asset Turnover Ratio1.161.21.211.311.111.171.160.680.911.16
PAT to CFO Conversion(x)0.511.251.40.440.380.621.454.790.39-0.11
Working Capital Days
Receivable Days73707172907768997062
Inventory Days123125124108123124123194144117
Payable Days20161934454334575129

Navneet Education Ltd Stock News

Navneet Education Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Navneet Education on 28-Mar-2024 16:01 is ₹137.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Navneet Education stood at ₹3,117.2.
The latest P/E ratio of Navneet Education as of 28-Mar-2024 16:01 is 12.36.
The latest P/B ratio of Navneet Education as of 28-Mar-2024 16:01 is 2.09.
The 52-week high of Navneet Education is ₹176.2 and the 52-week low is ₹90.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Navneet Education is ₹1,658 ( Cr.) .

About Navneet Education Ltd

Navneet Education Limited was founded by Gala Group in 1959; and since then has been India’s most loved educational content provider. Navneet also manufactures stationery, general books and children’s books in multiple Indian and foreign languages making it a dominant player in the field of publishing. Over the decades, Navneet has emerged as the preferred brand for educational products among teachers and students. The immensely popular products like Vikas workbooks, Gala practice books, YouVa full-scapes, are hot favorites amongst the young segment of India. These products are bestsellers not just because of their superior quality but also because of the nostalgic association of 90’s kids.

Business area of the company

The company is a knowledge driven company providing educational content in print and digital medium. The company publishes General and Children books along with paper and non-paper stationery products.

Products and Services

  • Educational syllabus & non-syllabus based content in print 
  • Scholastic Paper and Non-Paper Stationery products 
  • General books and children's books 
  • Syllabus-based Digital Learning

Awards & Accolades

  • FMB for Outstanding Performance
  • Financial Express CFO Award
  • OHSAS 18001:2007 for Occupational Health & Safety Managment System Certificate
  • CII - 5S Excellence, Silvassa
  • ISO 9001:2008 for Quality Management System
  • CII - 5S Excellence, Khaniwade
  • Forest Stewardship Council Certificate
  • eSense Service  Excellence
  • CSR Leadership Award
  • CII - Gold Level, Khaniwade
  • CII - Gold rating as per CII National 5S Excellence, Khaniwade
  • ISO 14001:2004 for Environmental Management System Certificate
  • Platinum Level Warehouse, Khaniwade
  • Gold Level Warehouse, Silvassa

Milestones

  • 1959: First Digest/Guide published for Std X
  • 1970: Workbook concept introduced
  • 1975: Published 21 Most likely Question sets
  • 1990: Children Books introduced
  • 1993: Started Manufacturing Scholastic Stationery
  • 1994: First and only Educational Publisher to be listed on BSE & NSE
  • 2000: Stationery capacity reached 100tns/day. ISO Certification awarded
  • 2003: Implementation of SAP & KAIZEN
  • 2008: Entered B2B Digital Learning space
  • 2011: Ventured into School Management
  • 2014: Entered B2C Digital Learning space
  • 2016: New Scholastic Stationery brand YOUVA launched
  • 2018: Introduction of premium stationery products under the brand 'HQ'.
  • 2019: Branded Stationery in UAE
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