MKCL Growth

The company shows a decline in total income, this is primarily because the total learners count in FY21 was 3,17,532 learners as against learner count of 6,96,618 in FY20, so there was a comparative short fall of 3,79,086 Learners in FY21 as compared to FY20. The Learner count for KLiC courses has also decreased from 70,720 learners in FY20 to 35,837 Learners in FY21 i.e. decrease by 34,883 learners which is 49.33% decrease as compared to previous FY, this has resulted in to decline in revenue by approximately Rs.279.06 lakhs. The decline is temporary in nature because of lesser admissions due to coivd-19 and lockdowns, the company is expected to maintain its profits in future.

The company shows a decline in total income, this is primarily due to decrease in MS-CIT (Maharashtra State Certificate in Information Technology) admissions due to COVID-19 pandemic situation which also led to closing of all Authorized Learning Centers (ALCs). The MS-CIT program provided by the company was a major contributor towards the profit of the company, also the learning centers in Bihar where the company implemented Skill Development Program was also closed. In FY21 the company also had some expenses which were Bounce back award, Super Start award, Festival Bonanza award, Business Booster Award etc. to its eligible Network Partners, these expenses in turn resulted in a lower profit for the company

The company's EPS was continuously increasing from FY17 to FY19 but it witnessed a decline in FY20 and FY21 because of decrease in admissions in courses offered by the company. Also the Authorized Learning Centers (ALCs) of the company was closed due to lockdown in the country.

The company's book value is increasing consistently from INR 412 per share in FY18 to INR 519 per share in FY21. This increase in book value per share is majorly the result of increase in company's retained earnings due to consistent profits of the company and that profit being transferred to reserve and surplus account of the company

The company's EBITDA was rising from FY17 to FY19 but it witnessed a downfall in FY20 and FY21 primarily due to the decrease in revenue for the company. The company was successfully able to decrease its operating expenses in line with the decrease in revenue. In future when the normalcy resumes in admissions and company's Authorized Learning Centers (ALCs) restarts its operations, we can see a similar rise in EBITDA for the company.

The Company's Assets have increased as they have invested heavily in foreign joint ventures MKCL Arabia Limited in FY21.

The company's cash flow from operations decreased in FY21. The primary reason for this decrease was the decline in revenue of the company only. There was also a gain in fair value of investment that was included in net profit for the company but as it was the part of investing activities it was later deducted in cash flow from operations and the company witnessed a sharp decline in its cash flow from operations in FY21.