S Chand & Company Ltd. News and Updates

Name: Latest research reports of S Chand & Company Ltd. authored by Prabhudas Lilladhar and published by - Trendlyne research reports.
Item: S Chand & Company Ltd.
Rating: 5
Author: Prabhudas Lilladhar

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S Chand & Company Ltd.

14 Aug 2021

Q1FY22 Result Update - Eyeing COVID-free sales season - BUY

Buy: S Chand & Company Ltd.

Target

Prabhudas Lilladhar

~5-10% price hike to be implemented across product portfolio. S Chand's 1Q performance was impacted by delay in the start of academic session amid emergence of 2nd wave. As most states are eyeing a staggered re-opening around August/Sep, some revenue spill-over is expected in subsequent quarters. If the upcoming sales season is not impacted by 3 rd wave, revenue can be in the region of Rs5bn in FY22 aided by price hike of ~5-10%. After having managed a successful turnaround in FY21 (break-even...

S Chand & Company Ltd. has an average target of 286.00 from 1 broker.

S Chand & Company Ltd.

24 Jun 2021

Buy S Chand and Company target of Rs 146: Prabhudas Lilladher

Moneycontrol

Prabhudas Lilladher is bullish on S Chand and Company has recommended buy rating on the stock with a target price of Rs 146 in its research report dated June 23, 2021.

S Chand & Company Ltd. has an average target of 286.00 from 1 broker.

S Chand & Company Ltd.

23 Jun 2021

Q4FY21 Result Update - Turnaround complete, eyeing growth - BUY

buy: S Chand & Company Ltd.

Target

Prabhudas Lilladhar

(minor loss of Rs65mn) backed by successful implementation of S Chand 3.0 plan that focused on cost rationalization & improvement in working capital. While S Chand's results were below our estimates, BS & NWC metrics days in FY20) while net debt reduced to Rs1.2bn (Rs1.8bn in FY20). After...

S Chand & Company Ltd. is trading below all available SMAs

S Chand & Company Ltd.

16 Feb 2021

Q3FY21 Result Update - Anticipation of a normal 4Q sales season - BUY

Buy: S Chand & Company Ltd.

Target

Prabhudas Lilladhar

We cut our EPS estimates by 22% for FY21E as schools for K1-K5 (contributes ~30% to sales) have still not opened in most states. While management sounded confident that an announcement is expected soon given CBSE/ICSE boards have come out with circulars directing schools to start the new academic year on schedule we choose to remain conservative. Nonetheless, given that the next academic year can just get delayed but may not result in complete loss of business (spill-over of revenues can happen...

S Chand & Company Ltd. is trading below all available SMAs

S Chand & Company Ltd.

18 Nov 2020

Buy S Chand and Company; target of Rs 86: Prabhudas Lilladher

Moneycontrol

Prabhudas Lilladher is bullish on S Chand and Company has recommended buy rating on the stock with a target price of Rs 86 in its research report dated November 12, 2020.

S Chand & Company Ltd. is trading below all available SMAs

S Chand & Company Ltd.

12 Nov 2020

Q2FY21 Result Update - Aggressive plans for the Ed-Tech space - BUY

Buy: S Chand & Company Ltd.

Recommendation Target

Prabhudas Lilladhar

S Chand's operating performance (EBITDA loss of Rs363mn) was in-line with our estimate of Rs374mn in a non-seasonal quarter due to stringent cost control. Management indicated that schools will re-open from November onwards in a phased manner and has lined up aggressive expansion plans in the Ed-Tech space. For Mylestone, a digital offering of S Chand, the target is...

S Chand & Company Ltd. average weekly volume is high.

S Chand & Company Ltd.

18 Oct 2020

S Chand and Co

Buy: S Chand & Company Ltd.

Dolat Capital

S Chand & Company Ltd. average weekly volume is high.

S Chand & Company Ltd.

17 Aug 2020

Q1FY21 Result Update - Maiden EBITDA profit in a non-seasonal quarter - Upgrade to 'BUY'

Accumulate: S Chand & Company Ltd.

Target

Prabhudas Lilladhar

If National Curriculum Framework (NCF) is released by April-May 2021, full blown impact will percolate into financials from FY22E. We upgrade S Chand from ACCUMULATE to BUY by raising our target P/E multiple to 5.5x (3.5x earlier) as 1) maiden EBITDA profit of Rs19mn (PLe loss of Rs230mn) in a non-seasonal quarter indicates that cost rationalization program is on track (opex cost was down 26.3% YoY; a reduction of ~15-20% is envisaged in FY21E) 2) focus on working capital efficiency is clearly...