63.30 -1.75 (-2.69%)
114.1K Volume
NSEJan 22, 2021 03:47 PM
The 4 reports from 2 analysts offering long term price targets for S Chand & Company Ltd. have an average target of 86.00. The consensus estimate represents an upside of 35.86% from the last price of 63.30.
Summary | Date | Stock | Broker | Price at Reco. | Target | Price at reco Change since reco(%) | Upside(%) | Type | Report | Discuss |
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2020-11-12 | S Chand & Company Ltd. + | Prabhudas Lilladhar | 63.90 | 86.00 | 63.90 (-0.94%) | 35.86 | Buy | Q2FY21 Result Update - Aggressive plans for the Ed-Tech space - BUY
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...
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2020-10-18 | S Chand & Company Ltd. + | Dolat Capital | 61.65 | 86.00 | 61.65 (2.68%) | 35.86 | Buy | S Chand and Co
Dolat Capital
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...
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2020-08-17 | S Chand & Company Ltd. + | Prabhudas Lilladhar | 83.75 | 87.00 | 83.75 (-24.42%) | Target met | Accumulate | Q1FY21 Result Update - Maiden EBITDA profit in a non-seasonal quarter - Upgrade to 'BUY'
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...
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2020-07-01 | S Chand & Company Ltd. + | Prabhudas Lilladhar | 49.45 | 57.00 | 49.45 (28.01%) | Target met | Accumulate | Q4FY20 Result Update - COVID-19 disrupts path to recovery - Accumulate
Prabhudas Lilladhar
rationalization by 10-20% to result in cost savings in FY21. COVID-19 led to a revenue loss/spillover of Rs1.6-1.8bn. While cost generation at Rs486mn was below expectations of Rs1.2bn as lockdown impacted collection efforts and led to inventory pile up. Given the uncertain timeline regarding start of the upcoming academic year, full recovery of...
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2019-08-13 | S Chand & Company Ltd. + | Prabhudas Lilladhar | 57.70 | 62.00 | 57.70 (9.71%) | Target met | Hold | Q1FY20 Result Update
Prabhudas Lilladhar
seasonally lean quarter. Improvement in collection efficiency and focus on working capital management has led to a reduction of 90 days in receivable cycle and 37 days in working capital cycle (highest ever reduction seen in the last 4 years). We believe S Chand 3.0 program aimed at improving the working capital efficiency (engaging with quality channel partners, lowering inventory levels & improving the collection cycle) & lowering operating costs (rationalization of employee & other cost heads) has started yielding results. In addition, New Education Policy (draft already announced in May 2019) will...
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2019-05-29 | S Chand & Company Ltd. + | Prabhudas Lilladhar | 114.75 | 125.00 | 114.75 (-44.84%) | Target met | Hold | Q4FY19 Result Update
Prabhudas Lilladhar
We cut our revenue/PAT estimates by 32%/45% for FY20 and 27%/31% for FY21 given unrelenting focus on FCFF generation by engaging with quality channel partners. Though channel cleansing is expected to eliminate dealers/distributors with elongated payment cycle we believe realigning credit terms is a long drawn process and growth could suffer in the interim. While New Education Policy can act as a growth kicker (2 nd hand books go out of the system) given the uncertainty in time-line we remain apprehensive of any immediate benefits. We believe S Chand 3.0 program aimed at...
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2019-02-15 | S Chand & Company Ltd. + | Prabhudas Lilladhar | 199.00 | 234.00 | 199.00 (-68.19%) | Buy | Q3FY19 Result Update - Focus on cash flow mars growth
Prabhudas Lilladhar
Rs28mn/Rs46mn respectively as the process of improving credit terms with channel partners led to unexpected sales return (Rs350mn) coupled with postponement of certain schemes/discounts to 4QFY19 (partial revenue spillover expected). Standalone/consolidated EBITDA losses stood at Rs277mn/Rs852mn. Locking in paper prices at 5-6% higher vis--vis an increase of 15-16% witnessed in the market partially curbed EBITDA losses....
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2018-08-17 | S Chand & Company Ltd. + | Way2Wealth | 323.30 | 300.00 | 323.30 (-80.42%) | Target met | Accumulate | S Chand & Company Ltd. - Result Update - 17 August 2018
Way2Wealth
S Chand and Company Ltd. declared its Q1FY19 results recently. Consolidated revenues de-grew by 4.8% to `57.6crs. in Q1. Other income reported a growth of 61% on account of higher interest income on proceeds from the IPO which are lying in various FD's etc. Negative EBITDA for Q1 increased by 34% yoy to `51.3crs vs. 38.3crs in same quarter last year. The business is seasonal hence this is a lean quarter. Recently the company invested in Chetana Publications in...
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2018-06-13 | S Chand & Company Ltd. + | Way2Wealth | 380.45 | 380.45 (-83.36%) | Accumulate | S Chand & Company Ltd. - Result Update - 04 June 2018
Way2Wealth
S Chand and Company Ltd. declared its standalone Q4FY18 and FY18 results recently. Net revenues grew by 22% to `251 crs. in Q4. Other income reported a growth of 345% on account of higher interest income on proceeds from the IPO which are lying in various FD's etc....
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2018-06-08 | S Chand & Company Ltd. + | Religare | 374.50 | 562.00 | 374.50 (-83.10%) | Buy | S Chand And Company Ltd. - Q4FY18 Result Update - Strong performance continues
Religare
S Chand and Company (SCL) reported strong set of numbers in Q4FY18 which were ahead of our estimates. SCL standalone net revenue and PAT for the quarter grew at 22% and 29.4% respectively. On a consolidated basis for FY18, its Revenue and PAT grew at strong pace of 21% and 75% respectively.
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2018-02-16 | S Chand & Company Ltd. + | Nirmal Bang | 467.45 | 632.00 | 467.45 (-86.46%) | Buy | S Chand and Company Ltd - Q3FY18 Result Update
Nirmal Bang
On quarterly basis company provides standalone numbers only. Standalone numbers contributes to around 45% to the group revenue. Being into seasonal business, Q4 is the only profitable quarter for the company wherein revenue comes in at around 80% of the total revenue. Comparing YoY, Net sales came in at Rs 46.1cr in Q3FY18 vs. Rs 43 cr in Q3FY17 i.e. a growth of 7.4 % YoY. For SChand Q3 is the quarter wherein inventory is at peak. Higher cost of raw material consumed and higher inventory led to dip in the gross margins of the company. Gross margins YoY have dipped by 933 bps . Ebitda margins depressed...
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2018-02-14 | S Chand & Company Ltd. + | Religare | 481.85 | 640.00 | 481.85 (-86.86%) | Buy | S Chand & Company - Q3FY18 Result Update - Seasonally weak quarter
Religare
S Chand and Company (SCL) reported decent set of numbers in which revenue grew by 7.4% yoy driven by higher sales in the higher education segment. On the operational front, EBITDA loss widened due to higher material and employee cost, however, net loss for the company narrowed due to higher other income and lower interest cost.
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2018-02-14 | S Chand & Company Ltd. + | Way2Wealth | 481.85 | 481.85 (-86.86%) | Accumulate | S Chand & Company Ltd. - Result Update - 14 February 2018
Way2Wealth
S Chand and Company Ltd. declared its standalone Q3FY18 and 9MFY18 results recently. Net revenues grew by 7.4% to `46crs. in Q3. Other income reported a growth of of 133% on account of higher interest income on proceeds from the IPO which are lying in various FD's etc. EBITDA loss for Q3 increased to `12.4crs vs. 9.6 crs in same quarter last year. These results are impacted by the seasonality of the business, with revenue generally lower during the quarter....
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2017-12-18 | S Chand & Company Ltd. + | Nirmal Bang | 499.25 | 632.00 | 499.25 (-87.32%) | Buy | SChand and Company Ltd - Initiating Coverage
Nirmal Bang
Founded in the year 1939, S Chand delivers content, solutions and services across the education lifecycle through its K-12, higher education and early learning segments. Its major brands are S Chand, Vikas, Madhubun, Saraswati,...
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2017-11-22 | S Chand & Company Ltd. + | Geojit BNP Paribas | 472.00 | 472.00 (-86.59%) | IPO Note | S CHAND AND COMPANY LIMITED
Geojit Research
Incorporated in 1970, S Chand & Company (S Chand) is one of the leading education content companies in India. It has nearly 7 decades of experience in delivering content, solution and services throughout the K-12 (kindergarten & the first through the 12th grade), higher education & early learning segments. K-12 forms the biggest chunk of S Chand's revenue (73%), followed by higher education (24%) & early learning (3%). The company has a strong presence in the CBSE/ICSE affiliated schools and is increasing its presence in the state board affiliated schools across India....
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2017-10-06 | S Chand & Company Ltd. + | ICICI Securities Limited | 477.70 | 477.70 (-86.75%) | Mgmt Note | S Chand Ltd
ICICI Securities Limited
We recently met the management of S Chand to understand the business model and outlook, going forward. S Chand, incorporated in 1970, is India's leading education content company with a presence across the entire education lifecycle through K-12 (80% of revenues), higher education (18% of revenues) and early learning segments (2% of revenues). Over the years, the company has developed formidable strength in the CBSE/ICSE content market, with a market share of ~12%. With the acquisition of Chhaya Prakashani (74% stake) in December 2016,...
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2017-09-18 | S Chand & Company Ltd. + | Way2Wealth | 475.25 | 475.25 (-86.68%) | Accumulate | S Chand & Company Ltd.- Initiating Coverage - 18 September 2017
Way2Wealth
Way2Wealth Brokers Pvt. Ltd. (CIN U67120KA2000PTC027628) SEBI Rgn. No. : INH200002739 No. 14, Frontline Granduer, Walton Road, Bangalore-560001; Website: www.way2wealth.com Email: research@way2wealth.com...
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2017-09-05 | S Chand & Company Ltd. + | Way2Wealth | 493.00 | 493.00 (-87.16%) | Buy | Light House - A Quick Perspective - S Chand & Company Ltd. - 05 September 2017
Way2Wealth
S. Chand and Company is a leading Indian education content company. It delivers content, solutions and services across the education lifecycle through its presence in three business segments Early Learning, K-12 and Higher Education. The company has a strong foothold in the CBSE/ICSE affiliated schools, with increasing presence in the state board affiliated schools across India. In recent years it has increased focus...
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2017-04-26 | S Chand & Company Ltd. + | Way2Wealth | IPO Subscribe | IPO Note: S. Chand and Company Ltd. - 26 April 2017
Way2Wealth
S. Chand and Company limited is a leading Indian education content company in India. It delivers content, solutions and services across the education lifecycle through its presence in three business segments Early Learning, K-12 12 and Higher Education. The company has a strongg foothold in the CBSE/ICSE affiliated schools, with increasing presence in the state board affiliated schools across India. It has also developed and continues to nurture relationships with customers by developing quality content tent and educational innovation....
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2017-04-26 | S Chand & Company Ltd. + | Nirmal Bang | IPO Subscribe | S Chand & Co Ltd - IPO Note
Nirmal Bang
The public issue of S Chand & Co ltd consists of fresh issue of Rs 325 cr and offer for sale of equity shares of Rs 403 cr by the promoter group and selling shareholders (includes Everstone Capital Parteners II LLC)....
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