MT Educare Ltd - Stock Valuation and Financial Performance

BSE: 534312 | NSE: MTEDUCARE | Educational Institutions | Small Cap

MT Educare Share Price

3.18 0.10 3.25%
as on 28-Mar'24 16:01

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MT Educare stock performance -

mw4me loader
P/E Ratio (CD):
0.00
Market Cap:
21.5 Cr.
52-wk low:
3
52-wk high:
5.9

Is MT Educare Ltd an attractive stock to invest in?

1. Is MT Educare Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that MT Educare Ltd is a below average quality company.

2. Is MT Educare Ltd undervalued or overvalued?

The key valuation ratios of MT Educare Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is MT Educare Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of MT Educare 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 MT Educare:

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.
MT Educare Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 19.6%26.6%22.3%6.8%-34.8%6.4%-2.4%-7.7%-7.6%-27.7%-
Value Creation
Index
0.40.90.6-0.5-3.5-0.5-1.2-1.6-1.5-3.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 20222728730522322920575.253.158.247
Sales YoY Gr.-12.5%26.5%6.1%-26.9%2.7%-10.2%-63.4%-29.4%9.7%-
Adj EPS 5.27.48.21.5-18.41.3-3.3-4.2-3.3-7.8-9
YoY Gr.-41.6%11.4%-82%-1339.9%NA-353.4%NANANA-
BVPS (₹) 28.131.637.335.628.530.223.919.816.37.95.5
Adj Net
Profit
20.829.432.85.9-1329.4-24-30.3-24-56.4-65
Cash Flow from Ops. 16.71732.3-79.3-65.4-44.279.3-2.85.42-
Debt/CF from Ops. 00.31.1-1.8-2.6-31.1-30.516.250.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -12.9%-23.5%-34.3%9.7%
Adj EPS -204.6%NANANA
BVPS-13.2%-22.7%-31%-51.6%
Share Price -28% -47% -21.9% -14.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
19.524.823.94.1-764.5-12.3-19.2-18.4-64.7-134.1
Op. Profit
Mgn %
2120.520.510.1-77.112.716.2-16.4-19.4-43.7-68.4
Net Profit
Mgn %
10.212.711.41.9-59.24.1-11.7-40.2-45.2-96.9-138
Debt to
Equity
000.210.90.60.50.60.81.8-
Working Cap
Days
92136187253298231286626849733405
Cash Conv.
Cycle
37327262-27-21-112-259-279-382

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -34.30%

Debt to equity has increased versus last 3 years average to 1.78

Sales growth is not so good in last 4 quarters at -14.63%

Latest Financials - MT Educare Ltd.

Standalone Consolidated
TTM EPS (₹) -6.8 -9
TTM Sales (₹ Cr.) 23.4 46.9
BVPS (₹.) 7.5 5.5
Reserves (₹ Cr.) -18 -33
P/BV 0.40 0.54
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 3.00 / 5.90
All Time Low / High (₹) 3.00 / 199.90
Market Cap (₹ Cr.) 21.5
Equity (₹ Cr.) 72.2
Face Value (₹) 10
Industry PE 49.3

Management X-Ray of MT Educare:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *53.9850.7450.7450.7450.7450.7450.7450.7450.7450.74
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of MT Educare

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
Sales201.80226.99287.08304.61222.62228.56205.1675.1853.0558.19
Operating Expenses 159.45180.40229.20274.01394.49200.07172.1987.6365.5589.83
Manufacturing Costs18.0326.87104.56104.7291.6391.5293.9932.9725.3031.57
Material Costs0.390.70-0.521.17000000
Employee Cost 28.5629.4637.1839.4839.3936.3531.9319.4614.2713.83
Other Costs 112.47123.3787.99128.64263.4772.2046.2835.2025.9944.43
Operating Profit 42.3546.5957.8830.60-171.8628.4932.97-12.45-12.50-31.63
Operating Profit Margin (%) 21.0%20.5%20.2%10.0%-77.2%12.5%16.1%-16.6%-23.6%-54.4%
Other Income 2.397.088.5013.4214.5020.7926.2637.5214.984.50
Interest 0.014.023.2714.4322.9819.7724.0316.6310.628.64
Depreciation 12.848.9115.6118.8421.3618.1342.8826.3414.7210.92
Exceptional Items 000000-31.1500-16.28
Profit Before Tax 31.8940.7447.4910.75-201.7011.38-38.83-17.90-22.86-62.97
Tax 11.1411.6815.314.91-69.882.267.1112.332.66-2.26
Profit After Tax 20.7629.0632.195.84-131.839.12-45.93-30.23-25.52-60.71
PAT Margin (%) 10.3%12.8%11.2%1.9%-59.2%4.0%-22.4%-40.2%-48.1%-104.0%
Adjusted EPS (₹)5.37.58.11.5-18.41.3-6.4-4.2-3.5-8.4
Dividend Payout Ratio (%)43%35%25%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 111.92125.73148.57141.76204.19218.43172.86142.96117.5456.83
Share Capital 39.7839.7939.8239.8271.7972.2372.2372.2372.2372.23
Reserves 72.1485.94108.75101.94132.41146.21100.6370.7345.31-15.40
Minority Interest-0.670.400000000
Debt04.9534.99144.78151.55104.1667.1555.1253.3567.63
Long Term Debt00020.14130.04104.1662.1749.7442.1047.40
Short Term Debt04.9534.99124.6421.5104.985.3911.2420.22
Trade Payables3.633.876.6719.6323.9523.9736.1865.4259.8759.67
Others Liabilities 63.3471.7679.1848.343.3220.2668.6441.6929.5634.84
Total Liabilities 178.23206.72269.40354.51383.02366.83344.84305.19260.31218.96

Fixed Assets

Gross Block151.17124.70144.76167.66161.69190.32260.97229.95212.54168.17
Accumulated Depreciation49.9258.2471.8083.2596.91118.37158.79154.50156.29115.03
Net Fixed Assets101.2566.4772.9684.4164.7871.94102.1875.4556.2453.15
CWIP 6.554.2510.774.210.802.476.8800.570.22
Investments 12.060.910.780.78039.7645.1137.5500
Inventories0.050.331.170000000
Trade Receivables8.9120.8445.54115.0317.6525.4935.9330.4524.2110.96
Cash Equivalents 9.7514.2811.1316.44202.529.4210.319.288.539.24
Others Assets39.6699.65127.04133.6497.27217.75144.42152.46170.76145.39
Total Assets 178.23206.72269.40354.51383.02366.83344.84305.19260.31218.96

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 16.6917.0232.34-79.28-65.40-44.1779.30-2.815.422
PBT 31.8940.7447.4910.75-201.7011.38-38.83-17.90-22.86-46.70
Adjustment 11.217.5112.2941.43203.5919.7981.7923.7119.8240.45
Changes in Working Capital -15.49-19.75-16.36-114.85-60.31-66.6238.06-8.188.258.61
Tax Paid -10.92-11.48-11.09-16.61-6.97-8.71-1.73-0.440.22-0.37
Cash Flow From Investing Activity -23.72-4.74-49.87-7.01-149.73137.3819.598.604.35-2.75
Capex -23.5455.050.360.521.350.220.02-0.090.95-2.52
Net Investments 3.9711.590.090.01-3.29-15.986.626.4300
Others -4.16-71.38-50.32-7.54-147.78153.1412.942.263.41-0.24
Cash Flow From Financing Activity -9.16-7.7414.4091.53201.16-92.91-98.43-6.92-8.801.23
Net Proceeds from Shares 0.230.010.0302000.440000
Net Proceeds from Borrowing 00020.14131.09-55.47-52.26000
Interest Paid -0.010-2.96-10.71-22.06-17.86-17.13-2.26-0.72-1.75
Dividend Paid -7.96-7.36-10.55-5.57000000
Others -1.43-0.4027.8987.68-107.87-20.02-29.04-4.66-8.072.97
Net Cash Flow -16.194.53-3.135.24-13.960.300.45-1.130.980.47
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)19.5524.4523.474.02-76.214.32-23.48-19.14-19.6-69.63
ROCE (%)29.9436.8932.3110.71-53.828.54-4.86-0.52-5.64-29.87
Asset Turnover Ratio1.151.181.210.980.60.760.760.330.260.31
PAT to CFO Conversion(x)0.80.591-13.58N/A-4.84N/AN/AN/AN/A
Working Capital Days
Receivable Days17244296109284111413687
Inventory Days0010000000
Payable Days2,6351,948-3,7004,101000000

MT Educare Ltd Stock News

MT Educare Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of MT Educare on 28-Mar-2024 16:01 is ₹3.18.
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 MT Educare stood at ₹21.52.
The latest P/E ratio of MT Educare as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of MT Educare as of 28-Mar-2024 16:01 is 0.40.
The 52-week high of MT Educare is ₹5.90 and the 52-week low is ₹3.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MT Educare is ₹23.37 ( Cr.) .

About MT Educare Ltd

MT Educare was incorporated as MT Educare Private Limited on August 19, 2006, at Mumbai, as a private limited company. The company was converted into a public limited company on May 18, 2011 and consequently, the name was changed to MT Educare Limited.

Business of the company:

The company is an education support and coaching services provider for students in the secondary and higher secondary school and for students pursuing graduation degree in commerce, preparing for various competitive examinations and undertaking chartered accountancy examinations. The company has operations across the states of Maharashtra, Tamil Nadu, Karnataka and Gujarat, through 190 coaching centres in 106 locations. Of these, the Company operates 19 coaching centres in eight locations in Maharashtra in cities such as Nashik, Aurangabad and Nagpur, through franchisee arrangements.

The Company is one of the leading coaching services providers in Maharashtra, with primary operations in Mumbai with 138 coaching centres in 85 locations. It is also provides coaching for competitive examinations for admissions to universities offering masters in business administration degrees through its subsidiary, CPLPL, which operates in four locations in Mumbai.

The company has recently started operations at six locations in New Delhi and Gurgaon under the brand Study Mate -Powered by MT Educare- through HT Learning Centres (“HTLCL”), which is a joint venture of its wholly owned subsidiary, MTESPL with HT Education Limited. The Company, through its Dubai branch, MT Management Solution, also provides management consultancy services to a coaching center in Dubai which includes providing coaching and administrative support services for secondary and higher secondary school curriculum of various education boards.

The main section of students to whom the company offers services are as follows:

School Section: The School Section consists of IXth and Xth standard students for (i) state board examinations conducted by the state education boards of Maharashtra, Gujarat and Karnataka; (ii) board examinations conducted by the CBSE; and (iii) board examinations conducted by ICSE.

Science Section: The Science Section consists of XIth and XIIth standard students in science and for engineering CETs conducted by the Maharashtra and Karnataka State Governments, medical CETs conducted by Directorate of Medical Education and Research and the AIEEE conducted by the CBSE; and

Commerce Section: The Commerce Section consists of (i) XIth and XIIth standard students in commerce and CPT conducted by ICAI; (ii) undergraduate students pursuing their bachelor’s degree in commerce; and (iii) CA IPCC and CA Final examinations conducted by ICAI.

The company follows a systematic approach in selecting and training faculty members for the services offer edin order to ensure the quality and performance of the students who attend our Courses. It operates through a faculty empowerment‟ model, wherein our faculty members are provided a role in the business and rewarded for their contribution in the growth. In addition to their academic growth as faculty members, It also entrusts faculty members with the opportunity to grow within the organization by taking up administrative and business development roles for different Coaching Centres.

Company has two Subsidiaries:

Chitale’s Personalised Learning: CPLPL was incorporated under the Companies Act on November 19, 2009, in Mumbai. CPLPL is involved in the business of providing coaching services for competitive examinations for admissions to universities offering masters in business administration degrees.

MT Education Services: MTESPL was incorporated under the Companies Act on January 18, 2010, in Mumbai. The main object of MTESPL is to establish, purchase, maintain, develop and run coaching classes, training centres, school, bureaus, website, research laboratories and other academic institutions for imparting education to primary, secondary and higher secondary students. MTESPL is presently engaged in the business of providing coaching and other supplementary education services to primary, secondary and higher secondary students through HTLCL, a joint venture with HT Education.

Major Events of the company:

2007-Investments by Helix Investments Company by subscription to 3,28,00,059 Compulsorily Convertible Preference Shares for a subscription consideration of a Rs 32,80,00,590 (equivalent of $ 8 million)

  • Centres opened in Karnataka.

2008- Centres opened in Gujarat and Tamil Nadu

  • Acquisition of Scholar’s Learning Centre

2009- Amalgamation of Mahesh Tutorials , Mahesh Tutorials Commerce and Mahesh Tutorials Science Private into Company

  • Launch of Technology Aided Teaching methodology.

2011- Acquisition of Chitales Personalised Learning

  • Acquisition of equity shares of MTESPL making MTESPL a wholly owned Subsidiary.
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