Core Education & Technologies Ltd Stock Analysis

BSE: 512199 | NSE: COREEDUTEC | IT - Software | Small Cap

BSE Share Price
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10 Year X-Ray:

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

Value Creation Index Colour Code Guide
Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15TTM
ROCE % 43%24.2%16.9%16.2%14.9%12.2%11.7%9%-10.9%-32.1%-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 2169.72003474185168781,123628344150
YoY Gr. Rt. %-231.9%186.9%73.3%20.6%23.4%70.4%27.8%-44.1%-45.2%-
Adj EPS 0.91.8610.31111.314.212.1-38.9-72-49
YoY Gr. Rt. %-93.6%228.6%72.1%6.7%2.8%25.3%-14.6%-422.1%NA-
BVPS (₹) 2.913.438.852.87488.9112.1128.487.7-7.4-54
Adj Net Profit 5.212.749.688.8108123159138-446-824-561
Cash Flow from Ops. 2.4-3.424.875.797.913628311366.5-72.9-
Debt/CF from Ops. 0.5-0.16.832.95.94.312.225.1-23.3-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 36.4%-3.8%-26.9%-45.2%
Adj EPS -261.9%-245.6%-272%NA
BVPS -210.8-163-140.3-108.4
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15TTM
Return on Equity % 46.722.722.721.717.614.314.310.1-36-179.2159.7
Op. Profit Mgn % 27.523.42833.739.241.740.737.31.3-7.6-219.3
Net Profit Mgn % 24.618.324.825.625.923.918.112.3-71-239.6-375.1
Debt to Equity 0.100.50.50.40.810.91.7-20.2-
Working Cap Days 1521581291842382732322766079870
Cash Conv. Cycle -836-117-421-652-7382661122664840

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

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

Latest Financials - Core Education & Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) -49 -115.9
TTM Sales (₹ Cr.) 150 769
BVPS (₹.) -54 -10.1
Reserves (₹ Cr.) -642 -138
P/BV -0.03 -0.18
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 1.77 / 1.95
All Time Low / High (₹) 0.11 / 464.40
Market Cap (₹ Cr.) 20.3
Equity (₹ Cr.) 22.9
Face Value (₹) 2
Industry PE 41.6

Management X-Ray:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *41.0572.7073.3873.8454.6956.5457.2257.2257.2257.22
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Core Education & Technologies Ltd

Core Education & Technologies formerly known as Core Projects & Technologies Ltd. is a leading provider of best of breed end-to-end solutions in the education domain worldwide. Listed on the BSE & NSE and rated The Fastest Growing IT Company in the State of Maharashtra, India, Core is a CMMi Level3 and ISO 9001:2000 certified Company, achieving over 100% annual growth.

Core’s offerings in the education domain include products and solutions in the areas of School Management Systems, Assessment Systems, Accountability Systems and IT Infrastructure Systems. Core has recently acquired companies in the US and UK, thus consolidating its position as a dominant player in the education sector. These acquisitions bring with them complementary solutions and services, ensuring Core is well on its way to becoming an end-to-end solutions provider in the global education space, providing school administrators with the tools needed to offer quality education to students worldwide.

Core’s education customer base is spread across the USA, UK, Africa, Sri Lanka, Bahamas, Caribbean and India. CORE has been awarded a prestigious contract with the State Government of Jharkhand under the “Education for All” program (Sarva Shikhsa Abhiyan) and is looking at strengthening its foothold in India backed by its International experience.

In the logistics domain, Core is focused on providing RFID and GPS based tracking solutions, asset management and smartcard based solutions. The focus industries are retail, manufacturing, logistics, and healthcare.

In the ERP domain, Core caters to Fortune 500 customers. Its offerings in this space include onsite & offshore solutions, development & production support and project staffing for SAP, Oracle, PeopleSoft, and JD Edwards.

In 2007-08, to meet customer expectations worldwide, the company continued its acquisitive growth strategy during the current year on the International Front. This strategy has further enhanced the inherent strengths of your Company. It incorporated a wholly owned subsidiary in the United Kingdom, “Core Projects & Technologies (UK) Ltd.” (Core UK)  Core UK acquired the ongoing business of the education division of Azzuri Communications Limited, (UK). Azzuri (subsequently rechristened “Core Education”) works to increase educational attainment through the innovative use of technology. Its technology solutions help teachers teach and the learners learn. Azzuri has a history of over a decade of delivering a wide range of technology products, services and educational software to over 1,000 schools in the UK and 12 local authorities in the UK. Azzuri is one of the select Companies in the UK that has been awarded all the four BECTA Accreditations for Interactive Technologies, Network Installations, Internet Safety, together with a strong portfolio of recognized industry accreditations. These BECTA Accreditations were transferred to CORE UK, post acquisition. Through Core UK, the company also acquired 100% ownership of the Hamlet Computer Group Ltd., founded in 1973. Hamlet has a wealth of experience in the provision of high quality I.T. Systems to prestigious organizations around the world.

In 2010-11, Core signed MoU with Gujarat Knowledge Society (GKS), to impart job-oriented skill up-gradation course to students across Ahmedabad and Surat. With this tie up, CORE has taken a small but significant step towards educating and enhancing the employment potential of youth in Gujarat while it has also signed a MoU with the Directorate of Employment and Training, Government of Gujarat for developing and upgrading 10 Industrial Training Institutes (ITIs) and 4 Skill Development Centers (SCDs) across the state.

Award & Achievements

Indo American Corporate Excellence (I-ACE), Award for the Best Indian Company in US in the Other Services Category

In 2010 the company got Businessworld 1st Rank in 3 categories:- Most Valuable CEOs,  Five Year Performance and Sector Information Technology

Solutions provided by the company:

Assessment-

  • FAIM (Examinations)
  • edMastery
  • StAR
  • dTool
  • eReports

Accountability -

  •  Bright Idea
  •  Pre-K Matters
  •  dTool

Grants & Financial

  • eGrants Manager 
  • States First 
  • edFunds
  • Operation - edOps

Safety-

  • Smart Card Solutions
  • TALMOS Guardian  
  • TALMOS Classroom Filter    

Student Information -  

  • Unique ID Generator 
  • TALMOS Attendance
  • CORE School

Communication-

  • edPortal
  • TALMOS Gateway 
  • Digital Dashboard   

Consulting -

  • School Business Intelligence
  • Engagement Management & Execution
  • School Application Implementation
  • Organizational Change Management
  • edAcademy
  • Child Tracking System
  • PMIS Implementation

Curriculum-

  • TALMOS Primary
  • TALMOS Britannica

Clientele:

Core has managed successful projects in the following locations:

United States of America:

  • Georgia
  • Michigan
  • North Carolina
  • Maine
  • Illinois
  • Oklahoma
  • California
  • Minnesota
  • South Carolina
  • Tennessee
  • Texas
  • Massachusetts
  • Ohio
  • CECAS: North Carolina Department of Public Instruction
  • MEDMS: Maine Department of Education
  • Chicago Public Schools
  • Bright from the Start: Georgia Department of Early Care & Learning
  • Trussville City Schools
  • Metropolitan School District of Warren Township

United Kingdom -

  • Royal Institute of Public Health
  • Royal College of Surgeons
  • Royal College of Physicians
  • University of London
  • British Red Cross
  • Fire Services Exam Board
  • Royal Air Force Benevolent Fund (NFP)
  • Allied Irish Bank
  • AXA Guardian Insurance
  • Barclays Bank
  • Birmingham City Council
  • Bradford & Bingley
  • Department of Health (DoH)
  • Department of Trade and Industry (DTI)
  • European Commission
  • Fleming Premier Bank
  • Foreign & Commonwealth Office
  • Home Office
  • Hull City Council
  • Kent County Council
  • London Borough of Havering
  • London Underground
  • Metronet Rail
  • Metropolitan Police
  • Ministry of Defence (MoD)
  • National Health Service (NHS)
  • NHS Logistics Authority
  • National Offenders Management Service (NOMS)
  • National Policing Improvement Agency (NPIA)
  • National Probation Directorate
  • Nottingham City Council
  • Office of Government Commerce (OGC)
  • Preston City Council
  • Royal Bank of Scotland
  • Royal College of Nursing
  • Scottish Fisheries Protection Agency
  • Scottish Natural Heritage
  • Scottish Executive
  • Tube Lines
  • West Yorkshire Police

India

  • State of Jharkhand
  • Karnataka State Open University (KSOU)
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