Maharashtra Knowledge Corporation FY24 Results - Undervalued Opportunity? | MKCL Unlisted Shares

Maharashtra Knowledge Corporation Limited has announced its FY24 results, and these results have surprised everyone! So, let's tell you about MKCL's FY24 financial results in just 1 minute.

Revenue and Profitability: In FY24, MKCL's revenue grew by 32.1%, increasing from ₹178 crore to ₹235 crore. The PAT (Profit After Tax) jumped by 32.4%, rising from ₹48 crore to ₹63 crore. The EPS (Earnings Per Share) increased from ₹59 to ₹78.

Financial Position: MKCL's financial stability has also improved. Total assets have grown by 18.8%, reaching ₹664 crore. Total equity has increased by 12.6%, reaching ₹560 crore.

Valuation: MKCL has a P/E ratio of 11, while its peers, Aptech Limited and Zee Learn Limited, have P/E ratios of 46 and 9, respectively. The industry P/E is 45, which makes MKCL an undervalued opportunity.

Now, everything seems fine, but MKCL is owned by the state government, so there's no clarity on whether they will ever go for an IPO. That's why we don't suggest any new investments, but existing investors can hold on to their shares.

About Maharashtra Knowledge Corporation Unlisted Shares:

Maharashtra Knowledge Corporation Limited,(MKCL), provides educational services based on universalization and integration of information technology in education. The company delivers classroom-based learning, print media based CD-based self learning and Wed-based collaborative e-learning.
The company's products and services include infrastructure development, e-content development, educational and general e-governance, e-learning technologies development, learning management system and online evaluation system.
MKCL is an organization promoted by Department of Higher and Technical Education (H&TE), Government of Maharashtra (GoM), India and was incorporated under the Companies Act, 1956. MKCL has its headquarter in Pune ,Maharashtra.

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