Navneet Education Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for NAVNETEDUL, BSE:508989 Navneet Education Ltd.

Navneet Education Ltd.

02 Jun 2021

142.26

-0.28%

Navneet Education Ltd

Buy: Navneet Education Ltd.

Target

ICICI Securities Limited

Navneet reported mixed Q4FY20 results wherein revenues were impacted by Covid-19 disruptions while better gross margins supported PAT growth. Revenue for the quarter declined 15.6% YoY to | 207.2 crore (publication: 10% to | 55.9 crore, stationery: -17.5% to | 151.0 crore). According to the management, due to lockdown company, lost revenues worth | 54 crore (publication: | 10 crore, stationery: | 44 crore). Gross margins improved substantially by 950 bps YoY to 61.6% owing to benefits of a decline in paper prices (~600 bps) and favourable product mix for stationery exports. EBITDA grew 16% YoY to | 32.7 crore with margin expansion of 430 bps...

Number of FII/FPI investors increased from 69 to 76 in Mar 2025 qtr.

Navneet Education Ltd.

13 Aug 2020

142.26

-0.28%

Q1FY21 Result Update - NEP provides long term visibility - Accumulate

Accumulate: Navneet Education Ltd.

Recommendation Target

Prabhudas Lilladhar

We cut our sales/PAT estimates by 7.7%/6.0% for FY21E as 1) in a truncated academic year, recouping the entire lost sales of 1Q (strongest quarter) can be a challenge 2) domestic stationary business is expected to suffer due to delay in opening of schools 3) exports stationary business has witnessed some order cancellations and revenue is expected to be flat and 4) ILL business can face growth headwinds as penetrating newer schools can get difficult in such an environment. However, our FY22E estimates are more or less unchanged as we expect normalcy to resume by next academic cycle....

Number of FII/FPI investors increased from 69 to 76 in Mar 2025 qtr.

Navneet Education Ltd.

04 Feb 2020

142.26

-0.28%

Navneet Education Ltd

Buy: Navneet Education Ltd.

Target

ICICI Securities Limited

With limited changes in the FY21 syllabus for Maharashtra, the outlook for the publication segment stays subdued in the near term. The company is seeking acquisition opportunities to enhance its geographical reach to other states (with acquisition size of ~| 100 crore). The management expects Indiannica (recent acquisition in CBSE curriculum) to achieve breakeven in FY20E (vs. EBITDA loss of | 19.7 crore in FY19) owing to introduction of new workbooks, content, reduction in fixed overheads, enhanced marketing spends. We build in revenue CAGR of 13% in FY19-21E, driven by 5%, 23%...

Number of FII/FPI investors increased from 69 to 76 in Mar 2025 qtr.

Navneet Education Ltd.

12 Aug 2019

142.26

-0.28%

In-line performance led by stationary/publication sales

Buy: Navneet Education Ltd.

Motilal Oswal

Healthy overall performance; PAT grows 17%: 1QFY20 revenue grew 19% YoY to INR7,950m (v/s est. INR7,705m), primarily driven by 18%/19% YoY growth in stationery/publication revenues. EBITDA rose 17% YoY to INR2,314m (v/s est. INR2,250m), with margin contraction of 30bp YoY to 29% (in-line). Adj. PAT grew 17% YoY to INR1,474m (v/s est. INR1,454m). Publication revenues up healthy 18%; exports drive stationery growth: Publication revenues grew 18% YoY to INR4,322m, while EBIT margins contracted 400bp YoY to 38% in 1QFY20. Stationery revenues grew a robust...

Number of FII/FPI investors increased from 69 to 76 in Mar 2025 qtr.

Navneet Education Ltd.

12 Aug 2019

142.26

-0.28%

Navneet Education Ltd

Buy: Navneet Education Ltd.

ICICI Securities Limited

Strong quarter for publication segment albeit on low base Navneet reported steady revenue growth in the publication segment in its critical quarter (~55% of revenues derived in Q1). Revenue grew 18% YoY to | 432.2 crore, albeit on low base of Q1FY19 (previous quarter disrupted owing to licencing issues). We believe syllabus change in Gujarat (across all standards) and Maharashtra (II, III, XI standards) were key drivers for revenue growth. We expect revenue growth for the publication segment to taper down in Q2FY20, on the back of very strong base (52% growth in...

Number of FII/FPI investors increased from 69 to 76 in Mar 2025 qtr.

Navneet Education Ltd.

21 May 2019

142.26

-0.28%

Navneet Education Ltd

Buy: Navneet Education Ltd.

ICICI Securities Limited

Syllabus change aids revenue growth for publication segment After subdued growth in FY18 (5.7% YoY), the publication segment exited FY19 with healthy topline growth of 13.1% YoY to | 710.8 crore. There was a revival in revenue owing to syllabus change in Maharashtra for academic year 2018-19 (for I/VIII/X standards). For FY20, we expect revenues to increase ~11% on syllabus change in Gujarat (across all standards). We model in 10% revenue CAGR for the publication segment (excluding Indiannica) in FY19-21E. Scaling-up of Indiannica (the company's recent...

Navneet Education Ltd. is trading below its 30 day SMA of 142.4

Navneet Education Ltd.

17 May 2019

142.26

-0.28%

Indiannica scale-up slower-than-expected; PAT misses est.

Buy: Navneet Education Ltd.

Target

Motilal Oswal

grew 20%/22%/20% to INR14.4b/ INR2.7b/INR1.5b. Overall, EBITDA margins expanded 20bp to 18.7%. Stationery business grew 16%, K-12 turns profitable: Stationery revenue grew 16% to INR1,829m, driven mainly by exports, which were up 27% YoY to INR1,130m. Domestic stationery business declined 1% to INR700m. 4QFY19 being a seasonally slow quarter for the Publishing business, revenue was up 14% YoY to INR622m. K-12, NELI's associate company, turned profitable in FY19, contributing INR56m (NELI's share...

Number of FII/FPI investors increased from 69 to 76 in Mar 2025 qtr.

Navneet Education Ltd.

16 May 2019

142.26

-0.28%

Q4FY19 Result Update

Buy: Navneet Education Ltd.

Target

Prabhudas Lilladhar

Paper prices have increased by ~7% YoY in FY19. Debt increased to Rs3,370mn in FY19 amid inventory pile-up in light of rising paper prices. Navneet's (NELI) 4QFY19 results were in-line with our estimates in a seasonally lean quarter with revenues of Rs2,455mn (up 15.5% YoY), EBITDA...

Navneet Education Ltd. has an average target of 150.00 from 1 broker.

Navneet Education Ltd.

11 Feb 2019

142.26

-0.28%

K-12 turns profitable; Stationary disappoints

Buy: Navneet Education Ltd.

Target

Motilal Oswal

EBITDA declined 23% YoY to INR157m (our Net sales grew 21% YoY to INR11,150m, EBITDA increased 23% YoY to INR2,594m and PAT grew 18% YoY to INR1,628m. We raise our FY20/21 PAT estimate by 13%/12% with the K-12 business (Orchids The International School) turning profitable it is expected to be PAT-accretive FY19 onward. We expect NELI to deliver sales/PAT CAGR of 14%/17% over FY19-21 and value the stock at 14x FY21E EPS with a target price at INR159. Maintain Navneet Education NELI has invested in a school management company, which manages 19 CBSE schools under the brand Orchids The International School. Orchids The International School is now an established player in the direct education business. Its occupancy is expected to inch up to 75-80% by Mar19, resulting in PAT accretion of ~INR100m for NELI (35% NELIs share). The company further plans to expand schools under its management.

Navneet Education Ltd. is trading below its 30 day SMA of 142.4

Navneet Education Ltd.

06 Feb 2019

142.26

-0.28%

Navneet Education Ltd

Buy: Navneet Education Ltd.

Target

ICICI Securities Limited

Navneet reported a dismal set of Q3FY19 numbers wherein results were below our estimates across all parameters Revenue for the quarter grew moderately by 4.1% YoY to | 181.6 crore (I-direct estimate: | 200 crore). On the segmental front, revenues from publishing segment grew by 22% YoY to | 103.1...

Navneet Education Ltd. is trading below its 30 day SMA of 142.4

Is Navneet Education Ltd. worth buying?

100 Votes:

Buy 79.0%

Sell 13.0%

Hold 8.0%

RESEARCH REPORTS

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