RATING

RECOMMENDATION

Neutral

  • Maharashtra Knowledge of Corporation
  • ₹508.00

  • PLACE ORDER
  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Neutral

Business Type

Traditional Business

RATING

RECOMMENDATION

Neutral

Business Type

Traditional Business

  • MKCL Growth

Get detailed information about the MKCL Share Price. In this research report, you will get to know about MKCL Peers data. In addition, get the complete details about the Net Profit Growth, Revenue Growth and Book Value Growth.

MKCL Revenue Growth

Growth in %

  • -43.68%

    1 Year

  • -17.44%

    3 Year

  • -8.78%

    4 Year

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.

MKCL Net Profit Growth(PAT)

Growth in %

  • -46.79%

    1 Year

  • -26.56%

    3 Year

  • -15.30%

    4 Year

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

MKCL EPS Growth

Growth in %

  • -46.74%

    1 Year

  • -26.55%

    3 Year

  • -15.28%

    4 Year

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.

  • MKCL Book Value Growth

Growth in %

  • 0.99%

    1 Year

  • 3.41%

    2 Year

  • 7.96%

    3 Year

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

MKCL EBITDA Growth

Growth in %

  • -58.35%

    1 Year

  • -25.56%

    3 Year

  • -14.40%

    4 Year

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.

MKCL Operating Profit Growth

Growth in %

  • -62.78%

    1 Year

  • -29.27%

    3 Year

  • -17.01%

    4 Year


MKCL Asset Growth

Growth in %

  • 0.61%

    1 Year

  • 1.16%

    3 Year

  • 5.49%

    4 Year

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

MKCL Cash Flow from Operations

Growth in %

  • NA

    1 Year

  • NA

    3 Year

  • NA

    4 Year

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.

  • MKCL Solvency Ratios

Since the company does not have any significant debt and the current and quick ratio of the company is also increasing. The company is at very low or no level of solvency and liquidity risk.

MKCL D/E Ratio

The Total Debt for the company in FY21 and FY20 was INR 4.14 Cr and 0.42 Cr respectively and the Debt to Equity was 0.0054 and 0.0050 in FY21 and FY20 respectively which is very less as compared to other companies in this industry. This suggests that the company has very low level risk of solvency

MKCL Current Ratio

The Increase in the current ratio and quick ratio of the company in FY21 is primarily because of the decrease in current financial liabilities of the company that includes security deposits received from network partners/creditors, study material deposits and lease liability.

MKCL Quick Ratio

MKCL Interest Coverage Ratio

A decrease in interest coverage ratio can be seen which is primarily due to decrease in profits and increase in lease liability for the company in FY20 and FY21 which in turn led to increase in interest payments for the company. Though the interest payments have reduced in FUY21, however due to the fall in operating income of the company in same year, it has negatively impacted the interest coverage ratio

  • MKCL Operating Efficiency

Decrease in revenue was due to COVID-19 pandemic situation resulting into lockdown and restrictions being imposed in the state of Maharashtra by the State and local authorities from time to time. Hence, all Authorized Learning Centers (ALCs) were closed during period of lockdown. As a result of lockdown and subsequent restrictions, there was a major decline in MS-CIT(Maharashtra State Certificate in Information Technology) admissions for FY20-21 and the company wasn't able to achieve operational efficiency in FY20 and FY21

MKCL Operating Profit EBIT Margin(OPM)


MKCL Profit Before Tax Margin (PBT Margin)

MKCL Profit After Tax Margin (PAT Margin)

  • MKCL Profitablity Ratio


MKCL Return on Equity(RoE)

ROE for the company is decreasing due to the decrease in the company's operating revenue. The major decrease in revenue was due to COVID-19 pandemic situation resulting into lockdown and restrictions being imposed in the state of Maharashtra by the State and local authorities from time to time. Hence, all Authorized Learning Centers (ALCs) were closed during period of lockdown. As a result of lockdown and subsequent restrictions, there was a major decline in MS-CIT(Maharashtra State Certificate in Information Technology) admissions for FY20-21. Also equity of the company hase increased in FY21 which is primarily due to adjustments on reclassification of a joint venture as investments in equity instruments measured at fair value through other comprehensive income.

MKCL Return on Capital Employed(RoCE)

MKCL Return to Assets (RoA)

The company's total asset increased due to their investment in foreign joint ventures MKCL Arabia Limited in FY21, with the decrease in revenue for the company in the same year. This joint effect of increase in assets for the company and decrease in revenue of the company led to decrease in Return on Assets for the company.

  • MKCL Valuation Ratios

MKCL Dividend Yield

MKCL Earning Yield