MarketFriction

MT Educare Ltd

NSE MTEDUCARE · BSE 534312 · Education
₹1.67 -2.91%
NSE close2026-10-01
52 week range1.17 - 2.53
Market cap₹12.6 Cr.
IPO 2012 · -98% since GSMInsolvency Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales12.6814.1510.889.6313.8811.5212.0612.906.9112.386.979.88
Expenses17.3918.574.5614.6613.2415.5812.6410.199.649.347.525.07
Operating Profit-4.71-4.426.32-5.030.64-4.06-0.582.71-2.733.04-0.554.81
OPM %-37.15%-31.24%58.09%-52.23%4.61%-35.24%-4.81%21.01%-39.51%24.56%-7.89%48.68%
Other Income5.995.16-7.910.791.970.570.780.240.610.900.652.16
Interest2.813.013.083.243.193.223.283.731.310.670.612.50
Depreciation2.832.612.462.472.652.322.321.541.531.561.391.56
Profit before tax-4.36-4.88-7.13-9.95-3.23-9.03-5.40-2.32-4.961.71-1.902.91
Tax %7.57%5.33%4.21%4.52%-9.91%0.66%-1.48%489.66%3.23%13.45%10.00%11.00%
Net Profit-4.69-5.13-7.42-10.40-2.91-9.09-5.32-13.68-5.121.48-2.092.60
EPS in Rs-0.65-0.71-1.03-1.44-0.40-1.26-0.74-1.89-0.710.20-0.290.36
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales226.99287.08304.61222.62228.56205.1775.1853.0558.1947.3350.3636.14
Expenses180.40228.30273.95393.95199.62171.9487.9063.3383.6355.1151.6131.58
Operating Profit46.5958.7830.66-171.3328.9433.23-12.72-10.28-25.44-7.78-1.254.56
OPM %20.53%20.48%10.07%-76.96%12.66%16.20%-16.92%-19.38%-43.72%-16.44%-2.48%12.62%
Other Income7.087.6113.3614.3320.34-5.1537.7912.75-17.973.983.544.32
Interest4.023.2814.4323.3419.7724.0316.6310.628.6412.1513.435.08
Depreciation8.9115.6118.8421.3618.1342.8826.3414.7210.9210.378.836.04
Profit before tax40.7447.5010.75-201.7011.38-38.83-17.90-22.87-62.97-26.32-19.97-2.24
Tax %28.67%32.23%45.67%-34.65%19.86%18.31%68.94%11.63%-3.59%5.09%55.18%39.73%
Net Profit29.0532.195.84-131.839.12-45.93-30.23-25.52-60.71-27.65-30.99-3.13
EPS in Rs7.478.121.47-18.361.26-6.36-4.19-3.53-8.41-3.83-4.29-0.43
Dividend Payout %35.48%24.62%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-19%-14%-15%-28%
Compounded Profit Growth%13%24%86%
Stock Price CAGR-35%-27%-30%-15%
Return on Equity%%%%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital39.7939.8239.8271.7972.2372.2372.2372.2372.2372.2372.2372.23
Reserves85.94108.75101.94133.09146.93100.6370.7345.31-15.40-42.81-74.02-77.38
Borrowings4.9534.99144.78172.74132.28130.32108.8698.40116.96135.06141.80138.17
Other Liabilities83.2294.1888.6796.41102.13123.20125.48116.89120.66123.00120.87119.09
Total Liabilities213.90277.74375.21474.03453.57426.38377.30332.83294.45287.48260.88252.11
Fixed Assets66.4772.9685.1964.78111.70140.86113.0092.6672.1675.1517.8611.30
CWIP4.2510.774.210.802.476.880.000.570.220.150.000.00
Investments0.910.780.000.000.006.430.000.000.000.000.000.00
Other Assets142.27193.23285.81408.45339.40272.21264.30239.60222.07212.18243.02240.81
Total Assets213.90277.74375.21474.03453.57426.38377.30332.83294.45287.48260.88252.11
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity17.0232.34-79.28-65.40-44.1779.30-2.815.422.00-2.027.021.83
Cash from Investing Activity-4.73-49.87-7.01-149.73137.8719.598.604.35-2.756.223.582.72
Cash from Financing Activity-7.7414.4091.53201.16-92.91-98.43-6.92-8.801.23-3.75-7.80-6.32
Net Cash Flow4.54-3.135.24-13.960.780.45-1.130.980.470.452.80-1.77
Free Cash Flow44.470.36-106.03-66.87-52.3373.09-2.906.37-0.52-3.416.431.77
CFO/OP61%74%-204%34%-123%244%19%-51%-9%18%-87%67%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days33.5157.90137.8428.9440.7163.92147.84166.5768.7570.7976.10111.30
Inventory Days
Days Payable
Cash Conversion Cycle33.5157.90137.8428.9440.7163.92147.84166.5768.7570.7976.10111.30
Working Capital Days-56.83-68.53-56.56-113.8529.75-96.14-163.86-410.96-527.40-958.96-955.26-1,349.61
ROCE %36.60%32.65%10.73%-53.66%8.65%5.05%-0.85%-5.58%-16.35%-8.35%-3.78%1.40%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters59.12%59.12%59.12%59.12%59.12%59.12%59.12%59.12%59.12%59.12%59.12%59.12%
Public40.87%40.87%40.88%40.88%40.88%40.88%40.88%40.87%40.89%40.88%40.88%40.88%
No. of Shareholders23,76423,82823,59723,18423,06823,03122,85022,62922,39522,20822,41522,595

Fundamentals

Market Cap₹ 12.6 Cr.
Current Price₹ 1.75
Book Value₹ -0.71
ROCE1.40 %
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-28%
Compounded Profit Growth (TTM)86%
Consolidated figures.
Valuation
Market capRs 12 Cr
Enterprise valueRs 139 Cr
Price to book-2.34x
Price to sales0.33x
EV / EBITDA15.67x
EV / EBIT48.89x
EV / sales3.86x
Price to cash flow6.59x
Earnings yield-25.95%
P/B, 3-year average-3.12x
P/B, 5-year average-1.68x
Profitability
Operating margin (excl. other income)12.62%
Operating margin (incl. other income)24.57%
EBITDA margin24.60%
Pre-tax margin-6.20%
Net profit margin-8.66%
Net margin, latest quarter26.32%
ROE90.20%
ROCE2.08%
ROA-1.22%
ROE, 3-year average-66.08%
ROCE, 3-year average-3.53%
ROA, 3-year average-7.34%
ROE, 5-year average-57.49%
ROCE, 5-year average-8.74%
ROA, 5-year average-9.71%
ROIC (approx.)3.26%
Tax rate-39.73%
Other income / net worth-83.88%
Growth
Sales growth (latest year)-28.24%
Sales CAGR, 3 years-14.68%
Sales CAGR, 5 years-13.63%
Sales growth QoQ41.75%
Sales growth YoY (latest quarter)-23.41%
Per share
EPS (TTM)Rs -0.43
EPS (latest year)Rs -0.43
EPS (latest quarter)Rs 0.36
EPS, 3-year averageRs -2.85
EPS, 5-year averageRs -4.10
Book value per shareRs -0.71
Sales per shareRs 5.00
Cash flow per shareRs 0.25
Free cash flow per shareRs 0.25
Efficiency
Asset turnover0.14x
Fixed asset turnover3.20x
Debtor days111 days
Debtors turnover3.28x
Cash conversion cycle111 days
Working capital days-1350 days
Leverage
Total debtRs 138 Cr
Cash and bankRs 11 Cr
Net debtRs 127 Cr
Debt to equity-26.83x
Net debt / EBITDA14.32x
Interest coverage0.56x
Owners' fund to total sources-2.04%
Debt to assets54.81%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs 3 Cr
Cash from Financing Activity (latest year)Rs -6 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs 2 Cr
FCFE (approx.: FCF + change in debt)Rs -2 Cr
Sales to cash flow19.75x
Statement figures
Net sales (TTM)Rs 36 Cr
Net sales (latest year)Rs 36 Cr
Sales (latest quarter)Rs 10 Cr
Operating profit excl. other income (latest year)Rs 5 Cr
Operating profit (latest quarter)Rs 5 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 9 Cr
PBDT (TTM)Rs 4 Cr
Profit before tax (TTM)Rs -2 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs -3 Cr
Net profit (latest year)Rs -3 Cr
Net profit (latest quarter)Rs 3 Cr
Depreciation (TTM)Rs 6 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 20 Cr
Total expenditure (latest year)Rs 32 Cr
Total income (latest year)Rs 40 Cr
Share capitalRs 72 Cr
ReservesRs -77 Cr
Shareholders' fundsRs -5 Cr
Total assetsRs 252 Cr
Net blockRs 11 Cr
ReceivablesRs 11 Cr
Other liabilitiesRs 119 Cr
Shares outstanding (crore)7.22
Ownership
Promoter holding59.12% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodMTEDUCARENifty 50Difference
1 week-1.2%-2.8% +1.6 pts
1 month-7.2%-6.8% -0.4 pts
3 months-20.5%-7.6% -12.9 pts
6 months+36.9%+0.4% +36.5 pts
1 year-19.7%-9.9% -9.8 pts
2 years-48.6%-13.6% -35.1 pts
3 years-67.9%+14.2% -82.1 pts
5 years-80.2%+27.9% -108.1 pts

Red flags

F-score 5 of 8
seriousNegative equity Shareholders' equity is negative
explainReceivables outrunning sales Receivables grew 5% vs sales -28% in 2026
lookRepeated losses Net loss in each of the last two years
lookOn NSE surveillance On NSE surveillance: GSM, Insolvency
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

Mar 2026
Sales ₹10 Cr -23.4% vs Mar 2025. Net profit ₹3 Cr +119.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-17Annual General Meeting
2023-09-18Annual General Meeting
2022-09-07Annual General Meeting
2021-09-17 Annual General Meeting
2020-12-16 Annual General Meeting
2019-09-17 Annual General Meeting
2018-09-12 Annual General Meeting
2017-08-29 Annual General Meeting
2016-09-20 Annual General Meeting/Dividend - Rs 1.40 Per Share
2015-11-16 Interim Dividend - Re 0.60/- Per Share (Purpose Revised)
2015-07-30Annual General Meeting/ Dividend - Rs 2.05/- Per Share
2014-11-20Interim Dividend - Re 0.60/- Per Share (Purpose Revised)
2014-09-18Annual General Meeting (Purpose Revised)
2014-05-22Second Interim Dividend - Rs 1.25/- Per Share (Purpose Revised)
2013-11-21Interim Dividend Re.1/- Per Share (Purpose Revised)
2013-09-06Annual General Meeting
2013-05-20Second Interim Dividend @ Re.1/- Per Equity Share (Purpose Revised)
2012-11-15Interim Dividend Re 1 Per Share (Purpose Revised)
2012-09-06Annual General Meeting And Dividend Re.0.45 Per Share
DateTypeWhat it says
2026-10-01Shareholder meetingVoting results.
2026-09-30General UpdatesGeneral Updates-Regulation 30 Disclosure defaults on repayment of Principal Amount and Interest.
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
2026-09-08Shareholder meetingNotice of Annual General Meeting to be held on September 30, 2026
2026-08-31UpdatesRegulation 30 Disclosure defaults on repayment of Principal Amount and Interest..
2026-08-31Record DateRecord date for the purpose of Meeting is 24-Sep-2026.
2026-08-31Shareholder meetingThe revised date of Annual General Meeting is September 30, 2026
2026-08-14Record DateRecord date for the purpose of Meeting is 16-Sep-2026.
2026-08-14Reasons for Delayed/Non-submReasons for Delayed/Non-submission of Financial Results
2026-08-14UpdatesRegulation 30 Disclosure regarding Approval of Matters by the Resolution Professional on August 14, 2026 and Delay in Submission of Financial Result...
2026-07-29UpdatesDisclosure defaults on repayment of Principal Amount and Interest.
2026-07-21Structural Digital DatabaseSDD under regulation 3(5) and 3(6) of SEBI (PIT) Regulation, 2015 for Quarter ended 30th June, 2026
2026-07-17UpdatesIntimation of Material Operational Developments.
2026-07-03UpdatesDisclosure on defaults on payment -30th June, 2026.
2026-06-29UpdatesRegulation 30 Disclosure defaults on repayment of Principal Amount and Interest-June 2026.
2026-06-25Clarification - Financial ReThe Exchange has sought clarification from MT Educare Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Obl...
2026-06-05Disclosure under SEBI TakeovZEE LEARN LIMITED has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial...
2026-05-29UpdatesRegulation 30 Disclosure defaults on repayment of Principal Amount and Interest..
2026-05-28Board meeting outcomeMT Educare Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-29UpdatesRegulation 30 Disclosure defaults on repayment of Principal Amount and Interest.
2026-04-08Structural Digital DatabaseSDD Disclosure for the Quarter ended 31st March, 2026
2026-04-01UpdatesConfirmation regarding not falling under Large Corporate Criteria with reference to SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 ...
2026-04-01UpdatesDisclosure on defaults on payment of Interest/repayment of principal amount on loans from banks/financial institutions and unlisted debt securities un...
2026-03-31UpdatesRegulation 30 Disclosure defaults on repayment of Principal Amount andInterest..
2026-02-14Board meeting outcomeMT Educare Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
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.
EPS in the scrip is zero (4 trailing quarters)GSMInsolvency Resolution Process(IRP)Less than 100 unique PAN traded in previous 30 daysThe Overall encumbered share in the scrip is more than 50 Percent.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03