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IEC Education Ltd. Stock Analysis

Small Cap
Evaluated by 84 users | BSE: 531840 | NSE: |
IT - Education
IEC education ( India Education Centre) is one of the premium Computer Training Institutes in the country which has grown immensely from a humble beginning to an established brand in providing quality education.India Education Centre was an Association of Persons run and managed by Gupta...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 8.35%3.84%2.49%1.25%-1.74%0.06%0.25%-1.32%-2.31%-2.63%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 8.87.65.44.53.53.40000
Y-o-Y Gr. Rt.--13.3%-29.1%-17.1%-22.4%-2.9%-99.7%100%-100%NA
Adjusted EPS (Rs.) 1.560.860.50.23-0.450.010.05-0.32-0.54-0.6
Y-o-Y Gr. Rt.--44.9%-41.9%-54%-295.7%NA400%-740%NANA
Book Value per Share (Rs.) 21.0421.922.4122.6322.7522.6822.7322.4121.8721.26
Adjusted Net Profit 2.41.30.80.4-0.700.1-0.5-0.8-0.9
Net Op. Cash Flow (Rs. Cr.) -3.402.4-1.3-3.7-1.10.2-2.200
Debt to Cash Flow from Ops -0.6586.021.42-2.02-0.51-1.5110.26-0.7687.6-579.97
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
IEC Education Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -100%-100%-100%NA
Adjusted EPS -189.9%NA-328.9%NA
Book Value per Share 0.1-1.4-2.2-2.8
Share Price -25.4% -27.1% -36.9% -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 8.5342.271.04-1.990.040.24-1.42-2.43-2.78
Operating Profit Margin (%) 39.1824.6926.8226.14-10.8919.26-9148.51-2375.3100
Net Profit Margin (%) 27.1517.2614.277.97-19.950.41623.88-2010.8600
Debt to Equity 0.070.050.10.080.050.050.050.050.050.05
Working Capital Days 9151,2021,7472,2843,2963,6109,04,8604,95,79900
Cash Conversion Cycle 3804295005367107031,90,59394,54900
Entity Percentage Holding
Promoters 66.75%
Non-Institutions 33.25%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of IEC Education's performance infers:

IEC Education earnings have grown by 0%, whereas share price has depreciated -27.1% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of IEC Education share prices over the last 10 years. Here is what we found out:

IEC Education share price has depreciated -28.6% annually over the past ten years.

IEC education ( India Education Centre) is one of the premium Computer Training Institutes in the country which has grown immensely from a humble beginning to an established brand in providing quality education.

India Education Centre was an Association of Persons run and managed by Gupta Enterprises, a registered private family trust established on October 16, 1981 with R.L Gupta and family.

Gupta Enterprises had been engaged in imparting technical and Vocational education including

IEC education ( India Education Centre) is one of the premium Computer Training Institutes in the country which has grown immensely from a humble beginning to an established brand in providing quality education.

India Education Centre was an Association of Persons run and managed by Gupta Enterprises, a registered private family trust established on October 16, 1981 with R.L Gupta and family.

Gupta Enterprises had been engaged in imparting technical and Vocational education including computer education and other allied activities in the field of computers since 1981 in the name of India Education Centre.

India Education Centre took upon the corporate character on August 23, 1994 after being incorporated as India Education Centre which took over India Education Centre owned by Gupta Enterprises and had taken upon the task of establishing, maintaining, supervising educational, technical and vocational institutions for training of manpower including computer education institutes, and other institutions which will help in promoting employment opportunities and make available trained manpower to Government trade and industry. Since then it is a frontrunner in imparting IT education. Later, on January 19, 1998 , India Education Centre, changed its name to IEC Softwares & now called IEC Education  to realize its two fold ambitious objectives, one of Software Development projects, IT services, promotion of export of Computer Software and other ,Dissemination , promotion of knowledge in the field of Computer Education. 

In 1999 the Company through its Vocational Educational Foundation (VEF) had already marked its entry in the formal sector of Education by setting up, IEC College of Engineering and Technology, Greater Noida, which since 1999 has made a phenomenal progress and has expanded its field to pharmacy, Hotel Management, PGDM.

VEF itself came into existence in 1989, with the aim of providing relevant and reliable education in different parts of India, a nation in need of initiatives for educating its large population. Vocational Education Foundation strives to provide high quality education and leave no stone unturned to achieve this goal.

IEC has enjoyed its global presence with 7 branches and over 275 franchisee centers in India and in countries like Nepal, Maldives, Singapore and Oman; it provided a wide spectrum of unique Information Technology solutions and services to a clientele of premier organizations in the government.

IEC has been conceived with the ambitious objectives of developing professional expertise and skilled manpower in Information Technology (IT) and related areas. This will enable the IT Professionals to exploit efficiently emerging opportunities, and meet economic challenges being thrown up by the rapid global IT revolution, which is influencing virtually every area of development and social activity.

Presently under an agreement with Rajasthan Government, IEC is providing Computer Education to 56 colleges under Rajasthan University and Mohanlal Sukhodia University of Rajasthan along with 844 schools in the states. Close to two lacks students in Rajasthan Colleges and Schools are getting computer education & training under this programmed.

IEC Softwares, an ISO-9001 company is one of the pioneers in India, in the field of Information Technology, having started operations two decades back.

Today IEC is an established brand name in Computer Education, Science, Technology and Management, Hotel Management, Pharmacy, Vocational education, and an organization of national repute.

Services offered by the company:

  • K-12
  • Professional colleges
  • Franchisee
  • Finishing schools
  • Faculty Development Institutes
  • E- learning/ Virtual

Accreditations and Affiliations:

  • IEC was an approved organization of All India Council of Technical Education (AICTE).
  • IEC was empanelled with Indira Gandhi National Open University (IGNOU) for offering training for various courses like MCA, BCA, CIC, DCO etc.
  • IEC was an approved organization of the Department of Electronics, Govt. of India, for training in DOEACC courses.
  • Registration with London Chamber of Commerce & Industry Examinations board, U.K
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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