Is Shanti Educational Initiatives Ltd (539921) a good quality company?

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

Is Shanti Educational Initiatives Ltd (539921) undervalued or overvalued?

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

What is Shanti Educational Initiatives Ltd (539921) share price return in the past 10 years?

Data is not available for this company

Is Shanti Educational Initiatives Ltd (539921) a good buy now?

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

What is the share price of Shanti Educational Initiatives Ltd (539921)?

Company share prices are keep on changing according to the market conditions. The current trading price of Shanti Educational Initiatives Ltd (539921) on 10-Apr-2026 16:59:59 at 16:59 is 172.75.

What is the market cap of Shanti Educational Initiatives Ltd (539921)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Apr-2026 at 16:59, the market cap of Shanti Educational Initiatives stood at Rs. 2781.28 Cr.

What is the P/E ratio of Shanti Educational Initiatives?

The latest standalone P/E ratio of Shanti Educational Initiatives as of 10-Apr-2026 is 734.82.

What is the P/B ratio of Shanti Educational Initiatives Ltd (539921)?

The latest standalone P/B ratio of Shanti Educational Initiatives Ltd (539921) as of 10-Apr-2026 is 37.37.

What is the 52-week high and low of Shanti Educational Initiatives Ltd (539921)?

The 52-week high of Shanti Educational Initiatives Ltd (539921) is Rs. 210.00 and the 52-week low is Rs. 63.15.

What is the TTM revenue of Shanti Educational Initiatives Ltd (539921)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shanti Educational Initiatives is Rs. 22.47 (Cr.).

Shanti Educational Initiatives Ltd (539921) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Shanti Educational Initiatives Ltd (539921)
Brand: Shanti Educational Initiatives

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	8.3%	6.5%	5%	3.6%	1.6%	1.2%	2.3%	8.2%	7.3%	13.9%	-
Value Creation Index ⓘ	-0.4	-0.5	-0.6	-0.7	-0.9	-0.9	-0.8	-0.4	-0.5	0.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	8.8	9.6	22	13.9	12.4	3	3.9	11	14.3	26.3	22
Sales YoY Gr.	-	8.7%	128.4%	-36.7%	-10.7%	-75.7%	30.1%	179.6%	30.1%	84.1%	-
Adj EPS ⓘ	0.2	0.1	0.1	0.1	0	0.1	0.1	2.1	2	0.4	0.2
YoY Gr.	-	-27.8%	-23.1%	-40%	-100%	NA	-61.5%	4080%	-5.7%	-79.2%	-
BVPS (₹) ⓘ	2.4	2.9	3	3	3.4	3.5	3.5	37.5	39.3	4.4	4.6
Adj Net Profit ⓘ	2.7	2	1.7	1	0	2.1	0.8	3.4	3.2	6.6	4
Cash Flow from Ops. ⓘ	0.9	-1.8	0.6	0.7	1.6	-2.3	0.5	0.2	-2.1	0.9	-
Debt/CF from Ops. ⓘ	11.9	-6.1	7.5	6.5	2.4	-1.4	6.3	12.5	-0.7	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	12.9%	16.2%	88.5%	84.1%
Adj EPS ⓘ	9.6%	NA	101.7%	-79.2%
BVPSⓘ	6.8%	5.4%	7.2%	-88.9%
Share Price	-	61.8%	39.6%	142%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	9	4.9	3.5	2.1	0.1	3.9	1.4	5.7	5.1	9.9	5.4
Op. Profit Mgn % ⓘ	14.3	15.7	2.3	8	-5.3	-45.5	-36.6	3.7	8.1	24.2	10.6
Net Profit Mgn % ⓘ	30.3	21.1	7.5	7.1	0.3	70.5	20.3	30.7	22.2	25.1	17.2
Debt to Equity ⓘ	0.3	0.2	0.1	0.1	0.1	0.1	0.1	0	0	0	-
Working Cap Days ⓘ	1,398	1,373	588	829	898	3,489	2,581	1,065	983	616	97
Cash Conv. Cycle ⓘ	67	81	44	79	61	171	139	66	71	32	54

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 88.49%

Net Profit is growing at healthy rate in last 3 years 101.65%

Sales growth is good in last 4 quarters at 34.45%

Return on Equity has declined versus last 3 years average to 5.30%

	Standalone	Consolidated
TTM EPS (₹)	0.2	0.3
TTM Sales (₹ Cr.)	22.5	51.3
BVPS (₹) ⓘ	4.6	4.7
Reserves (₹ Cr.) ⓘ	58	59
P/BV ⓘ	37.37	36.83
PE ⓘ	734.82	627.26

From the Market
52 Week Low / High (₹)	63.15 / 210.00
All Time Low / High (₹)	8.30 / 210.00
Market Cap (₹ Cr.)	2,781
Equity (₹ Cr.)	16.1
Face Value (₹)	1
Industry PE ⓘ	31.7

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	9	10	22	14	12	3	4	11	14	26
Operating Expenses ⓘ +	8	8	21	13	13	4	5	11	13	20
Manufacturing Costs	0	0	0	0	0	0	0	0	0	0
Material Costs	2	3	13	4	4	1	1	2	3	5
Employee Cost	3	3	5	4	4	2	2	3	4	6
Other Costs ⓘ	2	2	4	4	4	1	2	5	6	10
Operating Profit ⓘ	1	2	0	1	-1	-1	-1	0	1	6
Operating Profit Margin (%)	14.3%	15.7%	2.3%	8.0%	-5.3%	-45.5%	-36.6%	3.7%	8.1%	24.2%
Other Income ⓘ +	3	2	3	1	2	3	4	5	4	3
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	0	0	0	0	1	0	1	0	0	0
Depreciation ⓘ	0	0	0	0	1	1	1	0	0	1
Profit Before Tax ⓘ	4	3	2	1	0	0	1	5	4	9
Tax ⓘ	1	1	1	0	0	-2	-0	1	1	3
Profit After Tax	3	2	2	1	0	2	1	3	3	7
PAT Margin (%)	30.3%	21.1%	7.5%	7.1%	0.5%	70.5%	20.3%	30.7%	22.2%	25.2%
Adjusted EPS (₹)	0.2	0.1	0.1	0.1	0.0	0.1	0.1	2.1	2.0	0.4
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	37	46	48	49	54	56	57	60	63	70
Share Capital ⓘ	15	16	16	16	16	16	16	16	16	16
Reserves ⓘ	22	30	31	32	38	40	41	44	47	54
Debt +	10	11	4	4	3	3	3	2	1	0
Long Term Debt	10	11	4	4	3	3	2	2	1	0
Short Term Debt	0	0	0	0	0	0	1	1	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	0	1	1	1	1	0	0	1	0	2
Others Liabilities ⓘ	3	4	5	5	7	5	4	5	5	7
Total Liabilities ⓘ	50	62	57	59	66	64	64	68	69	79
Fixed Assets
Net Fixed Assets ⓘ +	8	8	8	13	14	14	13	13	13	14
Gross Block	9	9	10	15	18	18	18	17	17	18
Accumulated Depreciation	1	2	2	2	3	4	5	4	4	4
CWIP ⓘ	1	6	9	5	6	7	7	0	0	0
Investments ⓘ	8	8	3	3	14	14	10	9	9	10
Inventories	1	1	2	1	1	1	1	2	2	2
Trade Receivables	1	2	2	3	1	1	1	2	2	5
Cash Equivalents	1	1	1	1	2	1	2	3	1	2
Others Assets ⓘ	31	36	33	32	28	26	31	38	42	47
Total Assets ⓘ	50	62	57	59	66	64	64	68	69	79

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	1	-2	1	1	2	-2	0	0	-2	1
PBT ⓘ	4	3	2	1	0	0	1	5	4	9
Adjustment ⓘ	-3	-2	-1	1	-0	-1	-0	-1	-2	-2
Changes in Working Capital ⓘ	1	-2	1	-1	2	-1	0	-2	-3	-4
Tax Paid ⓘ	-1	-1	-1	-0	-0	0	0	-1	-1	-2
Cash Flow From Investing Activity ⓘ +	-1	-5	6	0	1	2	2	1	1	2
Capex	-0	-0	-4	-2	-3	-1	0	-0	-0	-1
Net Investments	-0	-0	-0	0	1	0	0	-0	-0	-0
Others ⓘ	-0	-4	9	2	2	4	2	2	2	3
Cash Flow From Financing Activity ⓘ +	0	7	-6	-1	-2	-1	-1	-1	-1	-2
Net Proceeds from Shares ⓘ	12	7	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-16	1	-6	-0	-1	-1	-0	-1	-1	-1
Interest Paid ⓘ	2	2	-0	-1	-0	-0	-1	-0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	2	-3	0	0	-1	-0	0	0	0	-1
Net Cash Flow ⓘ	0	-0	-0	0	1	-1	1	1	-1	1

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	9.02	4.89	3.53	2.05	0.13	3.87	1.41	5.74	5.14	9.93
ROCE (%)	8.28	6.51	5.02	3.59	1.57	1.21	2.28	8.2	7.34	13.86
Asset Turnover Ratio	0.18	0.17	0.37	0.24	0.2	0.05	0.06	0.17	0.21	0.35
PAT to CFO Conversion(x)	0.33	-1	0.5	1	N/A	-1	0	0	-0.67	0.14
Working Capital Days
Receivable Days	42	55	32	66	50	86	62	42	45	45
Inventory Days	40	49	25	40	40	142	100	43	44	27
Payable Days	41	65	21	66	77	334	93	62	56	109

About Shanti Educational Initiatives Ltd

The company was originally incorporated as Chiripal Enterprises on May 12, 1988 with the Registrar of Companies, Gujarat as a public limited company under the provisions of the Companies Act, 1956 and a certificate of commencement of business was issued by the Registrar of Companies, Gujarat on July 12, 1988. Further the name of the company was changed from Chiripal Enterprises Limited to Shanti Educational Initiatives Limited vide a fresh certificate of incorporation dated April 16, 2010 issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Havelli.

The company is headquartered in Ahmedabad and forms part of the esteemed Chiripal Group. Chiripal Group is promoted by experienced veterans with proven track records. Today, the group is engaged in diversified businesses in the fields of textile, spinning, weaving, knitting, fabric processing, chemicals, infrastructure, BOPP films etc. and offering employment to approximately 20,000 people associated directly or indirectly with the Group. The company’s primary focus is to deliver high quality and affordable educational services to the broader population by leveraging its economies of scale, skilled staff, and an efficient business model.

The company’s presence in educational services sector is spread all over India with a strong presence particularly in the state of Gujarat. The company has highly experienced management team that works on providing standardized and effective teacher training, technology-driven English medium curricula and assured learning outcomes and their experience and skill lead the company to overall growth and differentiate the company from several of its competitors.

Business area of the company

The company is primarily engaged in the business of providing educational support services to preschools, K-12 and premium category preschools in India. Presently the company is operating under three business units Shanti Juniors, Shanti Asiatic School and Shanti’s Hopskotch.

Company’s Services

The company offers solutions to bring visible change that would make school grow in all verticals. The company’s key contribution areas in the school projects are as follows:

Assistance in School infrastructure and design.
Branding & Marketing.
School Expansion plan and growth strategy.
School management systems, development of manuals, MIS report and processes.
Sustainable business models.
Leadership development.
New admissions and retention programme.
Rigorous training programme for teaching and non-teaching staff.
Complete Quality management systems.
Daily operational guidance & support.
Building school governance manuals.

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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
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Shanti Educational Initiatives Ltd (539921) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Shanti Educational Share Price