Shanti Educational Initiatives Ltd - Stock Valuation and Financial Performance

BSE: 539921 | NSE: | Educational Institutions | Small Cap

Shanti Educational Share Price

56.76 -1.18 -2.04%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Shanti Educational

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Shanti Educational Initiatives stock performance -

mw4me loader
P/E Ratio (SA):
166.37
Market Cap:
908 Cr.
52-wk low:
47.9
52-wk high:
109.4

Is Shanti Educational Initiatives Ltd an attractive stock to invest in?

1. Is Shanti Educational Initiatives Ltd 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.

2. Is Shanti Educational Initiatives Ltd 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.

3. Is Shanti Educational Initiatives Ltd 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.

10 Year X-Ray of Shanti Educational:

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.
Shanti Educational Initiatives 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 % -1.8%1.3%5.6%3.9%3.5%2.5%0.8%4.1%2%5.8%-
Value Creation
Index
-1.1-0.9-0.6-0.7-0.8-0.8-1.0-0.7-0.9-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5.26.18.89.62213.912.433.91116
Sales YoY Gr.-17.9%44%8.7%128.4%-36.7%-10.7%-75.7%30.1%179.6%-
Adj EPS -0.100.20.10.10.100.10.12.10.3
YoY Gr.-NA350%-27.8%-23.1%-40%-100%NA-61.5%4080%-
BVPS (₹) 1.61.62.42.9333.43.53.537.54.1
Adj Net
Profit
-0.70.62.721.7102.10.83.45
Cash Flow from Ops. -28.20.60.9-1.80.60.71.6-2.30.50.2-
Debt/CF from Ops. -144.711.9-6.17.56.52.4-1.46.312.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.7%-12.9%-4%179.6%
Adj EPS NA83.7%NA4080%
BVPS42.5%66.1%123.6%958.2%
Share Price - 35.8% 57.9% 12.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-3.12.694.93.52.10.13.91.45.71.6
Op. Profit
Mgn %
-20.78.314.315.72.38-5.3-45.5-36.63.717
Net Profit
Mgn %
-12.89.530.321.17.57.10.370.520.330.733.5
Debt to
Equity
1.31.20.30.20.10.10.10.10.10-
Working Cap
Days
2,6152,0271,3981,3735888298983,4892,5811,065130
Cash Conv.
Cycle
-1277067814479611711396683

Recent Performance Summary

Sales growth is good in last 4 quarters at 131.68%

Return on Equity has declined versus last 3 years average to 1.60%

Sales growth has been subdued in last 3 years -3.97%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Shanti Educational Initiatives Ltd.

Standalone Consolidated
TTM EPS (₹) 0.3 0.2
TTM Sales (₹ Cr.) 16.3 11
BVPS (₹.) 4.1 4.1
Reserves (₹ Cr.) 50 50
P/BV 13.84 13.64
PE 166.37 269.75
From the Market
52 Week Low / High (₹) 47.92 / 109.40
All Time Low / High (₹) 8.30 / 116.00
Market Cap (₹ Cr.) 908
Equity (₹ Cr.) 16.1
Face Value (₹) 1
Industry PE 49.3

Management X-Ray of Shanti Educational:

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 Shanti Educational

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
Sales569102214123411
Operating Expenses 66882113134511
Manufacturing Costs0000000000
Material Costs22231344112
Employee Cost 3233544223
Other Costs 2122444125
Operating Profit -111201-1-1-10
Operating Profit Margin (%) -20.7%8.3%14.3%15.7%2.3%8.0%-5.3%-45.5%-36.6%3.7%
Other Income 1132312345
Interest 0000001010
Depreciation 0000001110
Exceptional Items 0000000000
Profit Before Tax 0143210015
Tax 0011100-201
Profit After Tax 0132210213
PAT Margin (%) 2.0%9.5%30.3%21.1%7.5%7.1%0.5%70.5%20.3%30.6%
Adjusted EPS (₹)0.00.00.20.10.10.10.00.10.12.1
Dividend Payout Ratio (%)0%0%0%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 22223746484954565760
Share Capital 14141516161616161616
Reserves 882230313238404144
Minority Interest0000000000
Debt28261011443332
Long Term Debt28261011443322
Short Term Debt0000000011
Trade Payables1001111001
Others Liabilities 1234557545
Total Liabilities 52505062575966646468

Fixed Assets

Gross Block7999101518181818
Accumulated Depreciation1112223455
Net Fixed Assets678881314141313
CWIP 0016956770
Investments 11888881414109
Inventories1111211112
Trade Receivables1112231112
Cash Equivalents 0111112123
Others Assets32333136282728263138
Total Assets 52505062575966646468

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -2811-2112-200
PBT 0143210015
Adjustment 00-3-2-110-10-1
Changes in Working Capital -2801-21-12-10-3
Tax Paid 00-1-1-100000
Cash Flow From Investing Activity 02-1-5601221
Capex 0-200-4-2-3-100
Net Investments 0400001000
Others 000-4922422
Cash Flow From Financing Activity 28-307-6-1-2-1-1-1
Net Proceeds from Shares 00127000000
Net Proceeds from Borrowing 28-2-161-60-1-10-1
Interest Paid 00220-100-10
Dividend Paid 0000000000
Others 0-12-300-1000
Net Cash Flow 0000001-111
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.482.639.024.893.532.050.133.871.415.74
ROCE (%)0.261.918.286.515.023.591.571.212.288.2
Asset Turnover Ratio0.090.120.180.170.370.240.20.050.060.17
PAT to CFO Conversion(x)-INF10.33-10.51INF-100
Working Capital Days
Receivable Days530554255326650866242
Inventory Days5048404925404014210043
Payable Days2,1009041652166773349362

Shanti Educational Initiatives Ltd Stock News

Shanti Educational Initiatives Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shanti Educational on 28-Mar-2024 16:01 is ₹56.76.
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 Shanti Educational stood at ₹908.0.
The latest P/E ratio of Shanti Educational as of 28-Mar-2024 16:01 is 166.4.
The latest P/B ratio of Shanti Educational as of 28-Mar-2024 16:01 is 13.84.
The 52-week high of Shanti Educational is ₹109.4 and the 52-week low is ₹47.92.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shanti Educational is ₹16.33 ( Cr.) .

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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