S Chand & Company Ltd. share price target

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...

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....

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.

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.

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....

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....

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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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...

S Chand and Company Ltd. is a leading Indian education content company, established in 1939 and incorporated in 1970. The company posted a revenue CAGR of 32.8% over FY12-16, driven by both organic and inorganic growth initiatives. EBITDA & PAT grew at 49% and 33% (CAGR) respectively over the same period. With Rs2.55bn of the IPO proceeds earmarked towards debt repayment, we expect the resultant decline in finance costs to translate into EPS growth going forward. Moreover, the recent acquisition of Chhaya Prakashani, a strong player in West Bengal State Board market, is seen to be earnings accretive as well....