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Navneet Education Ltd share Price Today

Company details

153.10
158.75
117.40
175.90
6M Return 12.01%
1Y Return 30.24%
Mkt Cap.(Cr) 3,511.96
Volume 302,955
Div Yield 1.68%
OI
-
OI Chg %
-
Volume 302,955

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Publishing company Navneet Education announced Q1FY24 results:

  • Revenue of Rs 791.5 crore in Q1FY24 compared to Rs 693.7 crore in Q1FY23, up 14.1% YoY
  • EBITDA of Rs 208.9 crore in Q1FY24 comapred to Rs 195.3 crore in Q1FY23, up 7.0% YoY
  • PAT of Rs 144.9 crore in Q1FY24 compared to Rs 152.3 crore in Q1FY23, down 5.0% YoY
  • EPS of Rs 6.41 in Q1FY24 compared to Rs 6.77 in Q1FY23

Gnanesh (Sunil) Gala, Managing Director, said, “The first quarter has consistently been a robust period for our standalone Publication business, primarily due to the reopening of SSC board schools in June. This segment comprises workbooks, guides, and question banks tailored for students attending SSC board schools in Maharashtra and Gujarat, where we currently dominate with over 2/3rd the market share.

Our Publications business revenue grew by 20% year on year to Rs 427 crore. EBITDA showed a growth year-on-year, driven by the implementation of strategic price increases and an increase in sales volumes compared to the same period last year.

Domestic Stationery business revenue for Q1FY24 grew by 22% year on year to Rs 143 crore. Due to the inherent nature of the business, there is always a two-quarter lag in the procurement of raw materials and sales realization. Hence the margins were affected due to the escalation in raw material prices which was procured in the previous quarters. However, to gain the market share we made a strategic decision to absorb some of the cost increase and not immediately pass it on to consumers. Fortunately, in the current quarter, raw material prices have started to decline, and coupled with an improved demand scenario, we are confident that the company will be able to achieve revenue growth of 15% in FY24 compared to FY23, with an enhanced margin profile.

Exports Stationery business revenue for Q1FY24 grew by 3% year on year to Rs 214 crore. One of our product categories is currently being evaluated for potential anti-dumping duty in the USA. As a result, orders from this category were not received during Q1. This category generally constitutes ~8% - 10% of our export revenue in a year. Going forward, the company has taken appropriate measures to accommodate the orders from customers in this category, ensuring a proactive approach to address the situation effectively. However, the growth in our other existing products managed to offset this setback.

As an Indian player in the export market, our brand equity is exceptionally strong, primarily attributed to our commitment to providing quality products and services. To further expand in the export market, we have devised a strategic plan to introduce new offerings beyond paper-based products and focus on value-added products.

Our Ed-tech business which is under Navneet Futuretech Limited - the Board of Directors has guided for review of our Ed-tech portfolio and strategy considering the current Edtech scenario. We will present a comprehensive strategy to the Board very soon.”

 

 

Result PDF

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Navneet Education Ltd shares SWOT Analysis

Strengths (11)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (0)

Data not found

Opportunity (2)

  • Turnaround companies- loss to profit QoQ
  • Negative to Positive growth in Sales and Profit with Strong Price momentum

Threats (0)

Data not found

Resistance and support

R1 158.3
R2 161.4
R3 164.0
Pivot

155.70

S1 152.7
S2 150.1
S3 147.0
EMA SMA
153.7
150.5
149.2
145.6
153.2
147.1
150.0
150.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ICICI PRUDENTIAL MUTUAL FUND Bulk Purchase 2013-11-22 55 2010595 NSE
THE ROYAL BANK OF SCOTLAND PLC AS TRUSTEE OF JUPITER INDIA Bulk Sell 2013-11-22 55 2037000 NSE
ACCORD HOLDINGS PVT LTD Bulk Purchase 2012-03-13 56.89 2093221 NSE
Name Category Shares
Bipin Amarchand Gala (Trustee of Navneet Trust PAN Of Navneet Trust) PROMOTER 40.41%
Kalpesh H Gala PROMOTER 1.91%
Gnanesh Dungarshi Gala PROMOTER 1.86%
Sandeep S Gala PROMOTER 1.85%
Ranjanben Bipinbhai Gala PROMOTER 1.56%
Sanjeev J Gala PROMOTER 1.55%
Shailendra J Gala PROMOTER 1.54%
Anil Dungarshi Gala PROMOTER 1.46%
Ketan Bipin Gala PROMOTER 1.08%
Bipin Amarchand Gala (in his individual Capacity ) PROMOTER 0.99%
Raju Harakhchand Gala PROMOTER 0.89%
Devish Gnanesh Gala PROMOTER 0.63%
Priti Gnanesh Gala PROMOTER 0.6%
Sangita Raju Gala PROMOTER 0.56%
Bhairaviben Anil Gala PROMOTER 0.55%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Navneet Education Ltd Stocks COMPARISON

Financials( in Cr) Navneet Education Ltd Doms Industries Ltd Flair Writing Industries Ltd Kokuyo Camlin Ltd Repro India Ltd
Price 155.25 1,803.55 295.80 145.55 777.95
% Change -0.74 0.80 -1.56 -1.09 0.41
Mcap Cr 3,511.96 10,945.20 3,117.58 1,459.92 1,112.24
Revenue TTM Cr 1,696.83 1,211.89 942.66 774.94 421.95
Net Profit TTM Cr 203.76 102.87 118.10 24.45 8.73
PE TTM 18.23 77.08 26.44 33.24 92.00
1 Year Return 30.24 36.01 -34.40 31.30 35.58
ROCE 19.35 34.86 32.92 12.37 5.16
ROE 15.05 35.19 31.41 9.74 3.09
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,150.31 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,796.39 -24,413.80
LAST 3M 102,786.44 -26,675.26
LAST 6M 169,824.52 52,410.32
LAST 12M 262,867.28 126,756.31
Navneet Education Limited - Updates

May 24, 2024 l NSE Announcement

Navneet Education Limited - Investor Presentation

May 23, 2024 l NSE Announcement

NSE Board Meetings Forthcomming

May 22, 2024 l NSE Board Meetings Forthcomming

Date Action Type Ratio
Aug 07, 2023 Dividend 130
Jul 29, 2022 Dividend 75

Navneet Education Ltd Information

Stock PE (TTM)
18.23
Promoter Holding
63.31%
Book Value
57.1763
ROCE
19.35%
ROE
15.05%
Description
  • Navneet Education Limited is an Indian company whose operations are primarily manufacturing and trading of education and general books form, reference books, technical & professional books in paper form and e learning form and also paper and non-paper based stationary products. It caters to the educational need of India, as well as the global market. The company`s products are sold under the Navneet, Vikas, Gala, Boss and `Navneet Nxt` brand names. Today, Navneet, under its umbrella publishes various supplementary books for the state of Maharashtra and Gujarat, various textbooks / extra-curricular activity books under the brand `Grafalco` and Textbooks for CBSE and ICSE segments under the brand `Indiannica` whereas Various Digital products in the brand `Top Scorer`. Navneet manufactures various scholastic stationery for Exports and Domestic markets. In Domestic markets, it sells under the brand `Youva`. Its portfolio of syllabus based Books includes high quality supplementary books like Digests (Guides), Workbooks and 21 Question Sets, most of which are published in four languages - English, Hindi, Marathi and Gujarati. The company has a dominant market share in Gujarat and Maharashtra. The company also produces various titles in the Children and General books category, which are not based on syllabus, such as activity books for children, board books, story books, health related books, cookery books, mehendi & embroidery books, etc. The company enjoys leading position in premiere stationery markets in India, the Middle East, parts of Africa, U.S.A. and Europe. Navneet Publications (India) Limited was incorporated in the year 1984. During the year 1994-1995, the company completed a project at `Daman` for manufacturing of paper stationery items. During the year 2000-2001, Navneet Edutainment Limited, the company`s subsidiary, launched three e-learning modules `Braininac`, `Answer Machine` and `Top Scorer` on subscription basis. During the year 2001-2003, the company`s paper stationary division steped up its distribution network and the company penetrated in 23 states across India. The company`s Book publication division geographically expanded in the states of Madhya Pradesh and CBSE for educational book`s segment. Navneet Edutainment Limited, the company`s subsidiary, launched economically priced CD- Roms Series, for std. V111 to X students. During the year 2003-2004, the company was awarded the Top Exported Awards for meritorious export performance in export of book publication, printing and printed material by Capexil. During the year 2005-2006, Navneet Edutainment Limited, a wholly owned subsidiary amalgamated with the company with effect from January 20, 2006. Also, the company`s paper stationary division produced varied varieties of the paper stationary products for student`s community and for the use by offices. During the year 2006-2007, the company`s paper division offered non- paper stationary products to the student community and it launched several products in this category. During the year 2007-2008, the company set up its wholly owned subsidiary namely Grafalco Ediciones S.L, which is engaged in the business of publishing children books in Spanish and other European languages. Consequent to the consent of members and subsequent approval from the Central Government, the name of the Company has been changed from `NAVNEET PUBLICATIONS (INDIA) LIMITED` to `NAVNEET EDUCATION LIMITED` effective from 27th August 2013. In FY 2013-14, the Company opened `Orchids - The International School` in Bengaluru (Karnataka) & Mumbai (Maharashtra). The Company`s subsidiary eSense Learning Private Limited has been performing well and its B2B product (TOP CLASS) was installed in 2,047 institutions covering more than 11,400 classrooms during FY 2013-14. During the year under review, the Company bought back 46,57,000 Equity Shares of face value of Rs2/- each at a price of Rs125/- per Equity Share (including premium of Rs123/- per Equity Share) amounting to Rs 58,21,25,000/- on a proportionate basis through the tender offer as prescribed under SEBI Buyback Regulations. The buyback of 46,57,000 Equity Shares of face value of Rs. 2/- each was completed on 12th January 2017. The number of Equity Shares post buy back stands reduced to 23,35,58,000 of Rs. 2/- each and accordingly, the paid up Equity Share Capital also stands reduced to Rs. 46,71,16,000/-.

Registered Address

Navneet Bhavan, Bhavani Shankar Road Dadar (W), Mumbai, Maharashtra, 400028

Tel : 91-22-66626565
Email : amit.buch:navneet.com; npil:navneet.com
Website : http://www.navneet.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 508989
NSE Code : NAVNETEDUL
Book Closure Date (Month) : Aug
BSE Group : B
ISIN : INE060A01024

FAQ’s on Navneet Education Ltd Shares

You can buy Navneet Education Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Navneet Education Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 03:58 PM the closing price of Navneet Education Ltd was Rs.155.25.

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 May 24, 2024 03:58 PM, the market cap of Navneet Education Ltd stood at Rs. 3,511.96.

The latest PE ratio of Navneet Education Ltd as of May 24, 2024 03:58 PM is 18.23

The latest PB ratio of Navneet Education Ltd as of May 24, 2024 03:58 PM is 0.37

The 52-week high of Navneet Education Ltd share price is Rs. 175.90 while the 52-week low is Rs. 117.40

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