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.

12 Aug 2016

154.93

1.41%

Navneet Education Ltd

Hold: Navneet Education Ltd.

Target

ICICI Securities Limited

Revenues for the quarter were higher than our expectation and grew 8.6% YoY to | 560.2 crore (I-direct estimate | 552.6 crore). Segment wise publishing revenue grew 7% YoY to | 339.3 crore on account of a change in the ninth and tenth standard syllabus in Gujarat. Stationery segment grew 11% YoY to | 217.6 crore. The growth in stationery segment revenues was mainly on account of a better performance in the exports segment. EBITDA margin improved 153 bps YoY to 32.1% mainly on account of 115 bps and 337 bps YoY improvement in EBIT margin of publication and stationery segment to 41.5% and 20.1%, respectively . Owing to a better operational performance, PAT rose 16% YoY to | 113.6 crore (I-direct estimate: | 103.8 crore).ICICI Securities Limited ascribe a multiple of 16.0x FY18E EPS and have a target price of | 113 with a BUY recommendation on Navneet Education.

Number of FII/FPI investors increased from 76 to 82 in Jun 2025 qtr.

Navneet Education Ltd.

25 May 2016

154.93

1.41%

Navneet Education Ltd

Hold: Navneet Education Ltd.

Recommendation

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues for the quarter came in at | 184.2 crore (I-direct estimate | 174 crore), up 0.4% YoY and 63% QoQ. Segment wise publishing...

Navneet Education Ltd. is trading above its 200 day SMA of 143.6

Navneet Education Ltd.

08 Feb 2016

154.93

1.41%

Navneet Education Ltd

Buy: Navneet Education Ltd.

Recommendation Target

ICICI Securities Limited

Navneet Education Ltd. is trading below its 30 day SMA of 155.7

Navneet Education Ltd.

18 Nov 2015

154.93

1.41%

Navneet Education Ltd- Research Report

Accumulate: Navneet Education Ltd.

Angel Broking

Navneet Educations is primarily engaged in the business of publishing educational material, in both print and digital formats. The company also manufactures paper and non-paper stationary products. Investment Arguments Business expansion to mitigate cyclical risk: NELs Publication business is seasonal in nature and any strong growth is dependent on major changes in the syllabus of Maharashtra (market share of 60%) and Gujarat boards (market share of 65%). Now, the company is attempting to increase its revenues through business expansion in different segments. It is taking initiatives like (a) Content publication for CBSE syllabus: Apart from Maharashtra and Gujarat, NEL is targeting to grow its presence in other states through its CBSE content business. It is anticipated that the growth may continue to be strong in the segment on account of a syllabus change and also with more schools in different states adopting CBSE curriculum. (b) Selling supplementary books to government: NEL takes orders to sell supplementary books to Maharashtra government, which get distributed to students in government schools. In FY2013, NEL generated ~Rs27cr through this business. But in FY2014, there were no government orders after many controversies arose related to the issue of tenders. The tenders issue then got resolved...