Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.84 | 0.81 | 1.47 | 0.67 | 0.90 | 0.94 | 0.95 | 0.24 | 0.52 | 29.60 | 22.22 | 11.56 |
| Expenses | 1.17 | 1.00 | 1.31 | 1.08 | 1.03 | 1.31 | 1.77 | 1.06 | 0.85 | 23.18 | 19.28 | 9.97 |
| Operating Profit | -0.33 | -0.19 | 0.16 | -0.41 | -0.13 | -0.37 | -0.82 | -0.82 | -0.33 | 6.42 | 2.94 | 1.59 |
| OPM % | -39.29% | -23.46% | 10.88% | -61.19% | -14.44% | -39.36% | -86.32% | -341.67% | -63.46% | 21.69% | 13.23% | 13.75% |
| Other Income | 1.12 | 0.02 | -5.42 | 0.03 | 1.25 | -1.15 | -7.69 | 0.04 | 0.17 | 0.19 | 0.41 | 0.20 |
| Interest | 0.15 | 0.12 | 0.36 | 0.11 | 0.05 | 0.09 | 0.15 | 0.26 | 0.26 | 1.23 | 0.83 | 0.86 |
| Depreciation | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.12 | 0.12 | 0.12 | 0.13 | 0.08 | 0.07 |
| Profit before tax | 0.53 | -0.40 | -5.73 | -0.60 | 0.96 | -1.72 | -8.78 | -1.16 | -0.54 | 5.25 | 2.44 | 0.86 |
| Tax % | 0.00% | 0.00% | 0.35% | 0.00% | 0.00% | 0.00% | 0.11% | 0.86% | -1.85% | 0.19% | 84.43% | 1.16% |
| Net Profit | 0.53 | -0.40 | -5.75 | -0.60 | 0.96 | -1.72 | -8.79 | -1.17 | -0.53 | 5.24 | 0.38 | 0.85 |
| EPS in Rs | 0.67 | -0.51 | -7.27 | -0.76 | 1.21 | -2.18 | -5.83 | -0.78 | -0.35 | 3.48 | 0.23 | 0.51 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7.60 | 7.10 | 7.31 | 5.75 | 5.58 | 2.63 | 2.19 | 2.37 | 4.07 | 3.46 | 52.58 | 63.90 |
| Expenses | 7.69 | 8.53 | 8.97 | 8.79 | 6.77 | 4.03 | 3.51 | 3.55 | 4.53 | 5.19 | 44.17 | 53.28 |
| Operating Profit | -0.09 | -1.43 | -1.66 | -3.04 | -1.19 | -1.40 | -1.32 | -1.18 | -0.46 | -1.73 | 8.41 | 10.62 |
| OPM % | -1.18% | -20.14% | -22.71% | -52.87% | -21.33% | -53.23% | -60.27% | -49.79% | -11.30% | -50.00% | 15.99% | 16.62% |
| Other Income | 0.87 | 0.80 | 0.44 | 0.30 | 0.72 | 0.27 | 0.35 | 0.38 | -4.33 | -7.55 | 0.73 | 0.97 |
| Interest | 0.00 | 0.00 | 0.00 | 0.06 | 0.20 | 0.32 | 0.45 | 0.68 | 0.79 | 0.41 | 2.70 | 3.18 |
| Depreciation | 0.15 | 0.16 | 0.18 | 0.04 | 0.45 | 0.54 | 0.26 | 0.45 | 0.43 | 0.45 | 0.45 | 0.40 |
| Profit before tax | 0.63 | -0.79 | -1.40 | -2.84 | -1.12 | -1.99 | -1.68 | -1.93 | -6.01 | -10.14 | 5.99 | 8.01 |
| Tax % | 9.52% | -2.53% | 4.29% | 0.35% | 5.36% | 1.51% | 1.79% | -2.07% | 0.17% | 0.10% | 34.56% | |
| Net Profit | 0.56 | -0.77 | -1.46 | -2.85 | -1.18 | -2.02 | -1.90 | -1.88 | -6.03 | -10.15 | 3.91 | 5.94 |
| EPS in Rs | 0.71 | -0.97 | -1.85 | -3.60 | -1.49 | -2.55 | -2.40 | -2.38 | -7.63 | -6.74 | 2.33 | 3.87 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 21% | 82% | 181% | 2009% | ||
| Compounded Profit Growth | 22% | 32% | 60% | 587% | ||
| Stock Price CAGR | 3% | 1% | 23% | 23% | ||
| Return on Equity | -6% | -3% | 4% | 15% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7.91 | 7.91 | 7.91 | 7.91 | 7.91 | 7.91 | 7.91 | 7.91 | 7.91 | 7.91 | 15.07 | 16.78 |
| Reserves | 19.81 | 20.44 | 19.67 | 14.19 | 11.29 | 9.95 | 8.14 | 6.17 | 3.93 | -1.94 | 6.46 | 14.44 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.86 | 2.33 | 5.77 | 7.04 | 10.46 | 9.73 | 17.26 | 39.73 |
| Other Liabilities | 2.24 | 1.75 | 2.54 | 2.77 | 2.93 | 4.18 | 2.05 | 1.59 | 1.85 | 2.58 | 69.18 | 38.06 |
| Total Liabilities | 29.96 | 30.10 | 30.12 | 24.87 | 22.99 | 24.37 | 23.87 | 22.71 | 24.15 | 18.28 | 107.97 | 109.01 |
| Fixed Assets | 17.65 | 17.54 | 17.45 | 17.35 | 17.34 | 19.28 | 18.78 | 17.61 | 18.85 | 12.89 | 8.51 | 8.34 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 5.30 | 5.30 | 6.93 | 1.39 | 2.09 | 2.00 | 3.60 | 3.76 | 3.76 | 3.50 | 2.00 | 2.00 |
| Other Assets | 7.01 | 7.26 | 5.74 | 6.13 | 3.56 | 3.07 | 1.49 | 1.33 | 1.54 | 1.89 | 97.46 | 98.67 |
| Total Assets | 29.96 | 30.10 | 30.12 | 24.87 | 22.99 | 24.37 | 23.87 | 22.71 | 24.15 | 18.28 | 107.97 | 109.01 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0.20 | -0.19 | -1.08 | -1.51 | -2.83 | 0.83 | -1.81 | -1.38 | -1.29 | -0.82 | -26.14 | -24.41 |
| Cash from Investing Activity | -1.57 | 0.00 | -0.81 | 1.59 | 1.33 | -2.19 | 0.10 | -0.42 | -0.26 | 1.48 | -4.02 | -0.03 |
| Cash from Financing Activity | 1.90 | 0.00 | 0.00 | 0.00 | 0.85 | 1.28 | 1.63 | 1.81 | 1.67 | -0.94 | 32.56 | 24.38 |
| Net Cash Flow | 0.53 | -0.19 | -1.90 | 0.07 | -0.65 | -0.08 | -0.08 | 0.01 | 0.13 | -0.29 | 2.40 | -0.06 |
| Free Cash Flow | 0.12 | -0.23 | -1.16 | -1.57 | -2.85 | -1.59 | -1.83 | -1.39 | -1.55 | -0.83 | -30.42 | -24.44 |
| CFO/OP | 69% | 200% | 69% | 94% | 95% | -65% | 129% | 105% | 109% | 178% | 1,509% | -291% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 10.94 | 17.29 | 26.73 | 28.96 | 31.74 | 35.98 | 92.98 | 75.00 | 75.46 | 100.44 | 3,444.29 | 234.01 |
| Inventory Days | 4,008.69 | |||||||||||
| Days Payable | 56.78 | |||||||||||
| Cash Conversion Cycle | 10.94 | 17.29 | 26.73 | 28.96 | 31.74 | 35.98 | 92.98 | 75.00 | 75.46 | 100.44 | 3,444.29 | 4,185.92 |
| Working Capital Days | 84.76 | 107.58 | -49.35 | -26.96 | -67.92 | -60.18 | -126.29 | -135.00 | -146.31 | -99.55 | 2,685.81 | 363.89 |
| ROCE % | 2.53% | 2.25% | -2.82% | -5.64% | -13.19% | -4.57% | -7.95% | -5.73% | -5.76% | -3.47% | -0.88% | 15.98% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 57.40% | 57.40% | 57.71% | 57.71% | 57.71% | 57.71% | 30.28% | 30.28% | 76.64% | 73.61% | 66.11% | 64.34% |
| FIIs | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% | 1.29% | 0.63% | 0.63% | 0.63% | 0.56% | 0.60% |
| Public | 40.14% | 40.14% | 39.83% | 39.84% | 39.82% | 39.83% | 68.42% | 69.09% | 22.74% | 25.77% | 33.33% | 35.06% |
| No. of Shareholders | 1,286 | 1,447 | 2,169 | 2,156 | 1,975 | 1,899 | 1,863 | 1,846 | 2,054 | 2,941 | 2,892 | 2,801 |
Fundamentals
Market Cap₹ 76.4 Cr.
Current Price₹ 45.5
Stock P/E12.8
Book Value₹ 18.6
ROCE16.0 %
ROE15.0 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)2009%
Compounded Profit Growth (TTM)587%
Consolidated figures.
Valuation
Market capRs 66 Cr
Enterprise valueRs 103 Cr
P/E (TTM)11.04x
Price to book2.10x
Price to sales1.03x
EV / EBITDA8.88x
EV / EBIT9.20x
EV / sales1.61x
Earnings yield9.06%
P/E, 3-year average14.84x
P/B, 3-year average2.57x
P/E, 5-year average14.84x
P/B, 5-year average2.31x
Profitability
Operating margin (excl. other income)15.99%
Operating margin (incl. other income)17.38%
EBITDA margin18.14%
Pre-tax margin12.54%
Net profit margin9.30%
Net margin, latest quarter7.35%
ROE14.82%
ROCE15.84%
ROA3.60%
ROE, 3-year average-42.24%
ROCE, 3-year average-15.78%
ROA, 3-year average-13.63%
ROE, 5-year average-30.77%
ROCE, 5-year average-11.77%
ROA, 5-year average-11.42%
ROIC (approx.)10.68%
Tax rate34.56%
Other income / net worth2.34%
Growth
Sales growth (latest year)1419.65%
Sales CAGR, 3 years180.99%
Sales CAGR, 5 years82.04%
Sales growth QoQ-47.97%
Profit growth QoQ123.68%
Sales growth YoY (latest quarter)4716.67%
Per share
EPS (TTM)Rs 3.94
EPS (latest year)Rs 2.59
EPS (latest quarter)Rs 0.56
EPS, 3-year averageRs -3.92
EPS, 5-year averageRs -3.31
Book value per shareRs 20.72
Sales per shareRs 42.40
Cash flow per shareRs -16.20
Free cash flow per shareRs -16.22
Efficiency
Asset turnover0.48x
Fixed asset turnover6.30x
Inventory turnover0.83x
Inventory days441 days
Debtor days234 days
Debtors turnover1.56x
Creditor days57 days
Cash conversion cycle4186 days
Working capital days364 days
Leverage
Total debtRs 40 Cr
Cash and bankRs 2 Cr
Net debtRs 37 Cr
Debt to equity1.27x
Net debt / EBITDA3.22x
Interest coverage3.52x
Owners' fund to total sources28.64%
Debt to assets36.45%
Cash flow
Cash from Operating Activity (latest year)Rs -24 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 24 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -24 Cr
FCFE (approx.: FCF + change in debt)Rs -2 Cr
Statement figures
Net sales (TTM)Rs 64 Cr
Net sales (latest year)Rs 53 Cr
Sales (latest quarter)Rs 12 Cr
Operating profit excl. other income (latest year)Rs 8 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 12 Cr
PBDT (TTM)Rs 8 Cr
Profit before tax (TTM)Rs 8 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 6 Cr
Net profit (latest year)Rs 4 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 37 Cr
Total expenditure (latest year)Rs 44 Cr
Total income (latest year)Rs 53 Cr
Share capitalRs 17 Cr
ReservesRs 14 Cr
Shareholders' fundsRs 31 Cr
Total assetsRs 109 Cr
Net blockRs 8 Cr
InvestmentsRs 2 Cr
ReceivablesRs 34 Cr
InventoryRs 44 Cr
Other liabilitiesRs 38 Cr
Shares outstanding (crore)1.51
Ownership
Promoter holding64.34% (+34.06 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 2.10 is at the 13th percentile (median 2.89).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 508918 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.7% | -2.8% | +0.1 pts |
| 1 month | -10.5% | -6.8% | -3.8 pts |
| 3 months | -3.6% | -7.6% | +4.0 pts |
| 3 years | +88.7% | +14.2% | +74.5 pts |
| 5 years | +7.4% | +27.9% | -20.5 pts |
Red flags
F-score 4 of 8| explain | High accruals Profit exceeded operating cash by 26% of total assets in 2026 |
| explain | Share dilution Share count up 11% in a year, 113% in three |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹12 Cr +4716.7% vs Jun 2025.
Net profit ₹1 Cr +172.6%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Shanti Educational Initiatives Ltd | 3,044 | 524 | 10.3 % |
| NIIT Learning Systems Ltd | 2,832 | 12.3 | 20.9 % |
| NIIT Ltd | 1,185 | 84.4 | 2.24 % |
| Vinsys IT Services India Ltd | 851 | 28.6 | 21.4 % |
| Global Education Ltd | 677 | 27.4 | 29.2 % |
| Aptech Ltd | 511 | 19.7 | 15.4 % |
| Career Point Edutech Ltd | 324 | 13.9 | 47.8 % |
| CL Educate Ltd | 300 | 5.30 % | |
| Arihant Academy Ltd | 297 | 32.4 | 42.7 % |
| Zee Learn Ltd | 205 | 7.60 | 12.6 % |
| Flywings Simulator Training Centre Ltd | 194 | 17.4 | 20.1 % |
| Golden Crest Education & Services Ltd | 170 | 710 | 2.20 % |
| VJTF Eduservices Ltd | 121 | -1.07 % | |
| Compucom Software Ltd | 106 | 1.90 % | |
| Moxsh Overseas Educon Ltd | 90 | 41.8 | 23.7 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Ironwood Education Ltd?
Ironwood Education Ltd (508918) has a market capitalisation of Rs 76.4 Cr. at the 2026-10-01 close.
What is the P/E ratio of Ironwood Education Ltd?
Ironwood Education Ltd trades at a P/E of 12.8 on trailing twelve-month profit, at the 2026-10-01 close.
What were Ironwood Education Ltd's latest quarterly results?
In the Jun 2026 quarter, Ironwood Education Ltd sales was Rs 12 Cr (+4716.7% vs Jun 2025) and net profit was Rs 1 Cr.