DAT A EN T RY SH EET

BALAN CE SH EET
BalanceSheet - Navneet Education Ltd.
1 Paste Here (CELL D4) Rs (in Crores)
Particulars Mar'18 Mar'17 Mar'16 Mar'15 Mar'14
Liabilities Liabilities 12 Months 12 Months 12 Months 12 Months 12 Months
Share Capital ★ Share Capital 46.7 46.7 47.6 47.6 48.0
Reserves & Surplus ★ Reserves & Surplus 761.7 678.9 580.9 516.1 452.2
Net Worth Net Worth 808.4 725.6 628.5 563.8 500.2
Secured Loan ★ Secured Loan 212.0 145.9 20.0 72.0 150.3
Unsecured Loan ★ Unsecured Loan 0.0 0.0 79.5 71.0 78.0
TOTAL LIABILITIES TOTAL LIABILITIES 1,020.4 871.5 728.0 706.8 728.5
Assets Assets
Gross Block ★ Gross Block 379.6 353.6 377.2 348.2 341.4
(-) Acc. Depreciation (-) Acc. Depreciation 223.9 205.9 200.3 178.7 156.6
Net Block Net Block 155.8 147.7 176.9 169.5 184.9
Capital Work in Progress Capital Work in Progress 21.5 23.0 0.8 4.0 4.5
Investments Investments 182.0 158.5 73.1 68.8 5.7
Inventories ★ Inventories 412.3 371.5 304.8 346.6 329.7
Sundry Debtors ★ Sundry Debtors 251.4 206.1 181.7 179.4 186.5
Cash and Bank ★ Cash and Bank 5.6 3.7 5.3 5.1 6.3
Loans and Advances Loans and Advances 106.7 81.9 61.2 66.1 141.4
Total Current Assets ★ Total Current Assets 776.0 663.2 552.9 597.3 663.8
Current Liabilities ★ Current Liabilities 88.2 100.2 66.6 60.2 69.6
Provisions Provisions 26.7 20.6 9.1 72.6 60.8
Total Current Liabilities Total Current Liabilities 114.8 120.8 75.7 132.8 130.4
NET CURRENT ASSETS NET CURRENT ASSETS 661.2 542.3 477.2 464.5 533.4
Misc. Expenses Misc. Expenses 0.0 0.0 0.0 0.0 0.0
TOTAL ASSETS(A+B+C+D+E) TOTAL ASSETS(A+B+C+D+E) 1,020.4 871.5 728.0 706.8 728.5
2 Profit & Loss - Navneet Education Ltd.Rs (in Crores)
Paste Here (CELL D31) Mar'18 Mar'17 Mar'16 Mar'15 Mar'14
12Months 12Months 12Months 12Months 12Months
INCOME: INCOME:
Sales Turnover Sales Turnover 1,132.2 1,089.4 934.4 963.2 865.2
Excise Duty Excise Duty 1.2 4.6 3.3 3.8 3.8
NET SALES NET SALES 1,131.1 1,084.9 931.1 959.4 861.3
Other Income Other Income 0.0 0.0 0.0 0.0 0.0
TOTAL INCOME ★ TOTAL INCOME 1,160.3 1,108.8 949.7 961.9 864.8
 EXPENDITURE: EXPENDITURE:
Manufacturing Expenses Manufacturing Expenses 3.0 3.0 2.3 2.9 2.5
Material Consumed Material Consumed 567.5 532.1 463.4 465.7 435.1
Personal Expenses Personal Expenses 119.4 103.6 91.9 80.7 67.8
Selling Expenses Selling Expenses 6.9 10.2 4.7 0.0 0.0
Administrative Expenses Administrative Expenses 199.5 185.4 162.7 176.8 153.7
Expenses Capitalised Expenses Capitalised 0.0 0.0 0.0 0.0 0.0
Provisions Made Provisions Made 0.0 0.0 0.0 0.0 0.0
TOTAL EXPENDITURE ★ TOTAL EXPENDITURE 896.3 834.3 725.1 726.1 659.1
Operating Profit Operating Profit 234.7 250.5 206.1 233.3 202.2
EBITDA EBITDA 263.9 274.4 224.6 235.8 205.7
Depreciation Depreciation 23.5 25.0 26.8 28.2 22.0
Other Write-offs Other Write-offs 0.0 0.0 0.0 0.0 0.0
EBIT EBIT 240.4 249.5 197.9 207.7 183.7
Interest Interest 6.0 3.5 3.5 9.1 10.0
EBT EBT 234.5 246.0 194.4 198.6 173.7
Taxes Taxes 81.2 84.4 66.6 69.3 60.5
Profit and Loss for the Year Profit and Loss for the Year 153.2 161.6 127.8 129.3 113.2
Non Recurring Items Non Recurring Items 0.0 0.0 0.0 0.0 0.0
Other Non Cash Adjustments Other Non Cash Adjustments 0.0 0.0 0.0 0.0 0.0
Other Adjustments Other Adjustments 0.0 0.0 0.0 0.0 0.0
REPORTED PAT ★ REPORTED PAT 153.2 161.6 127.8 129.3 113.2
KEY ITEMS KEY ITEMS
Preference Dividend Preference Dividend 0.0 0.0 0.0 0.0 0.0
Equity Dividend ★ Equity Dividend 70.3 0.0 41.7 41.7 39.5
Equity Dividend (%) Equity Dividend (%) 150.5 0.0 87.6 87.6 83.0
Shares in Issue (Lakhs) ★ Shares in Issue (Lakhs) 2,335.6 2,335.6 2,382.2 2,382.2 2,382.2
EPS - Annualised (Rs) ★ EPS - Annualised (Rs) 6.6 6.9 5.4 5.4 4.8

3 Cash Flow
Paste Here (CELL D68) Rs (in Crores)
Particulars Mar'18 Mar'17 Mar'16 Mar'15 Mar'14
Profit Before Tax Profit Before Tax 234.5 246.0 194.4 198.6 173.7
Net Cash Flow from Operating Activity ★ Net Cash Flow from Operating Activity 58.1 103.3 0.0 216.8 45.7
Net Cash Used in Investing Activity Net Cash Used in Investing Activity -46.5 -87.5 0.0 -65.2 -45.5
Net Cash Used in Financing Activity Net Cash Used in Financing Activity -77.2 -26.2 0.0 -152.8 2.6
Net Inc/Dec In Cash and Cash Equivalent Net Inc/Dec In Cash and Cash Equivalent -65.6 -10.3 0.2 -1.2 2.8
Cash and Cash Equivalent - Beginning of the Year Cash and Cash Equivalent - Beginning of the Year -8.5 1.8 5.1 6.3 3.4
Cash and Cash Equivalent - End of the Year Cash and Cash Equivalent - End of the Year -74.1 -8.5 5.3 5.1 6.3
FU N DAM EN T AL RAT I OS
Key Financial Ratios of Navneet
4 Paste Here (CELL D79)
4 Paste Here (CELL D79) ------------------- in Rs. Cr. -------------------
Mar-17 Mar-16 Mar-15 Mar-14 Mar-13
Per Share Ratios Per Share Ratios
Basic EPS (Rs.) Basic EPS (Rs.) 6.6 6.8 5.4 5.4 4.8
Diluted EPS (Rs.) Diluted EPS (Rs.) 6.6 6.8 5.4 5.4 4.8
Cash EPS (Rs.) Cash EPS (Rs.) 7.6 8.0 6.5 6.6 5.7
Book Value [ExclRevalReserve]/Share (Rs.) Book Value [ExclRevalReserve]/Share (Rs.) 34.6 31.1 26.4 23.7 21.0
Book Value [InclRevalReserve]/Share (Rs.) Book Value [InclRevalReserve]/Share (Rs.) 34.6 31.1 26.4 23.7 21.0
Dividend / Share(Rs.) Dividend / Share(Rs.) 1.5 2.5 2.2 2.2 2.0
Revenue from Operations/Share (Rs.) Revenue from Operations/Share (Rs.) 48.4 46.5 39.1 40.3 36.2
PBDIT/Share (Rs.) PBDIT/Share (Rs.) 11.3 11.8 9.4 9.9 8.6
PBIT/Share (Rs.) PBIT/Share (Rs.) 10.3 10.7 8.3 8.7 7.7
PBT/Share (Rs.) PBT/Share (Rs.) 10.0 10.5 8.2 8.3 7.3
Net Profit/Share (Rs.) Net Profit/Share (Rs.) 6.6 6.9 5.4 5.4 4.8
Profitability Ratios Profitability Ratios
PBDIT Margin (%) ★ PBDIT Margin (%) 23.3 25.3 24.1 24.6 23.9
PBIT Margin (%) PBIT Margin (%) 21.3 23.0 21.3 21.6 21.3
PBT Margin (%) PBT Margin (%) 20.7 22.7 20.9 20.7 20.2
Net Profit Margin (%) Net Profit Margin (%) 13.5 14.9 13.7 13.5 13.1
Return on Networth / Equity (%) ★ Return on Networth / Equity (%) 19.0 22.3 20.3 22.9 22.6
Return on Capital Employed (%) Return on Capital Employed (%) 29.2 33.7 20.0 22.6 22.2
Return on Assets (%) ★ Return on Assets (%) 13.5 16.3 15.9 15.4 13.2
Total Debt/Equity (X) ★ Total Debt/Equity (X) 0.3 0.2 0.2 0.3 0.5
Asset Turnover Ratio (%) Asset Turnover Ratio (%) 99.6 109.3 115.9 114.3 100.3
Liquidity Ratios Liquidity Ratios
Current Ratio (X) Current Ratio (X) 2.4 2.5 3.1 2.1 1.6
Quick Ratio (X) Quick Ratio (X) 1.1 1.0 1.3 0.8 0.7
Inventory Turnover Ratio (X) Inventory Turnover Ratio (X) 2.7 2.9 3.1 2.8 2.6
Dividend Payout Ratio (NP) (%) Dividend Payout Ratio (NP) (%) 45.9 0.0 41.0 40.5 42.1
Dividend Payout Ratio (CP) (%) Dividend Payout Ratio (CP) (%) 39.8 0.0 33.9 33.3 35.2
Earnings Retention Ratio (%) Earnings Retention Ratio (%) 54.1 0.0 59.0 59.5 57.9
Cash Earnings Retention Ratio (%) Cash Earnings Retention Ratio (%) 60.2 0.0 66.1 66.7 64.8
Valuation Ratios Valuation Ratios
Enterprise Value (Cr.) Enterprise Value (Cr.) 3,528.7 3,937.4 2,104.6 2,502.0 1,576.5
EV/Net Operating Revenue (X) EV/Net Operating Revenue (X) 3.1 3.6 2.3 2.6 1.8
EV/EBITDA (X) EV/EBITDA (X) 13.4 14.4 9.4 10.6 7.7
MarketCap/Net Operating Revenue (X) MarketCap/Net Operating Revenue (X) 2.9 3.5 2.2 2.5 1.6
Retention Ratios (%) Retention Ratios (%) 54.1 0.0 59.0 59.5 57.9
Price/BV (X) Price/BV (X) 4.1 5.2 3.2 4.2 2.7
Price/Net Operating Revenue Price/Net Operating Revenue 2.9 3.5 2.2 2.5 1.6
Earnings Yield Earnings Yield 0.1 0.0 0.1 0.1 0.1
 Balance Sheet

5 ★ Current Investments 0.0 0.0 0.0 0.0 0.0

Paste Here (CELL D123)

M ON EY CON T ROL
Simple Moving Averages
6 Days BSE NSE
Paste Here (CELL D127)
30 ★ 30 105.9 106.1
50 ★ 50 106.6 106.8
150 ★ 150 111.2 111.3
200 ★ 200 113.8 113.8

7 MANUAL ENTRY (DO NOT COPY PASTE)

GENERAL DATA
★ Name of Company NAVNEET
★ Sector PRINTING
★ Market Price (Rs.) 108.25
★ Market Capitalization (Rs.Cr.) 2,478.67
★ Industry P/E Ratio 11.13
★ P/B Ratio 3.3
★ P/E Ratio 13.93
★ Sensex P/E Ratio 23.63
★ Sensex P/B Ratio 3.03
★ Stock Beta 0.82
★ Risk Free Rate 7.54%
★ Effective Tax Rate 33.50%

MANUAL ENTRY
Price History (5 Year)
★ Price (Date from today) 108.5 141.6 139.1 81.6 98.0
03/2019 03/2018 03/2017 03/2016 03/2015

MANUAL ENTRY
Balance Sheet 2019 2018 2017 2016 2015
★ Average Inflation 6.60% 4.85% 2.49% 4.97% 5.88%
 AN ALY SI S SH EET (AS)
✔ MANUA
MANUA
MANUALLY FILL GRADES ON LEFT AS PER
LEFT GUIDELINES INDICATED ON RIGHT RIGHT

% WEI GH T ACT U AL V ALU ES I DEAL V ALU ES FOR COM PARI SON 5 = Be st , 1

GRADES 100% PRI CE V ALU AT I ON 27%

✔ 5 .0 3% P/E Ra t io of T his St oc k 1 3 .9 3 P/E Ra t io (I de a l) 1 5 .5 1 Grading in scale of

✔ 4 .6 3% P/B Ra t io of T his St oc k 3 .3 0 P/B Ra t io (I de a l) 3 .0 3 Grading in scale of

✔ 5 .0 3% Divide nd Y ie ld of T his St oc k 2 .7 8 % Divide nd Y ie ld (I de a l) 2 .5 0 % Grading in scale of

✔ 2 .4 5% PEG of T his St oc k 2 .0 9 PEG (I de a l) 1 .0 0 Grading in scale of

✔ 0 .9 85% Curre nt M a rk e t Pric e 1 0 8 .2 5 I nt rinsic V a lue (Fa ir Pric e ) 1 8 .7 9 Grading in scale of

GRADES 100% BU SI N ESS FU N DAM EN T ALS 95%

✔ 5 .0 9% N e t Wort h Grow t h (1 0 Y ) 1 0 .0 8 % Ave ra ge I nfla t ion (1 0 Y ) 4 .9 6 % Grading in scale of

✔ 5 .0 Check 2% T ot a l De bt Grow t h (1 0 Y ) -1 .4 7 % Ex pe nse Grow t h (1 0 Y ) 6 .3 4 % Grading in scale of

✔ 5 .0 Check 7% Ave ra ge De bt / Equit y (1 0 Y ) 0 .2 7 De bt / Equit y (I de a l) - Le ss t ha n 2 .0 0 Grading in scale of

✔ 5 .0 8% Quic k Ra t io (La st FY ) 2 .9 1 Quic k Ra t io (I de a l) - M ore t ha n 1 .0 0 Grading in scale of

✔ 5 .0 5% Re ve nue Grow t h (1 0 Y ) 6 .0 5 % Ave ra ge I nfla t ion (1 0 Y ) 4 .9 6 % Grading in scale of

1

✔ 4 .8 3% Ex pe nse Grow t h (1 0 Y ) 6 .3 4 % Re ve nue Grow t h (1 0 Y ) 6 .0 5 % Grading in scale of

✔ 5 .0 Check 10% De bt / Ex pe nse (La st FY ) 2 3 .6 5 % De bt / Ex pe nse - m a x im um (I de a l) 2 5 .0 0 % Grading in scale of

✔ 5 .0 15% EPS Grow t h (1 0 Y ) 6 .6 7 % Ave ra ge I nfla t ion (1 0 Y ) 4 .9 6 % Grading in scale of

✔ 5 .0 12% Divide nd /Sha re Grow t h (1 0 Y ) 1 2 .6 4 % Ave ra ge I nfla t ion (1 0 Y ) 4 .9 6 % Grading in scale of

✔ 4 .3 4% PAT M a rgin (La st FY ) 1 7 .0 9 % PAT M a rgin (I de a l) 2 0 .0 0 % Grading in scale of

✔ 2 .7 6% ROCE (La st FY ) 1 5 .0 2 % ROCE (I de a l) 2 8 .0 0 % Grading in scale of

✔ 4 .5 Check 19% M a rk e t Ca p (Rs.Cr.) 2 ,4 7 8 .6 7 M a rk e t Ca p of I t s Pe e r (m one yc ont rol) 2 ,4 7 8 ✔ Grading in scale of

GRADES 100% PROFI T ABI LI T Y RAT I O 86%

✔ 4 .3 50% Re t urn on N e t w ort h (% ) (5 Y Avg) 2 1 .4 2 M in. Re t urn on N e t w ort h (% ) (5 Y Avg) - I de a l 2 5 .0 0 Grading in scale of

✔ 3 .7 25% Re t urn on Asse t s (% ) (5 Y AV G.) 1 4 .8 5 M in. Re t urn on Asse t s (% ) (5 Y Avg) - I de a l 2 0 .0 0 Grading in scale of

✔ 5 .0 25% PBDI T M a rgin (% ) (5 Y AV G.) 2 4 .2 4 M in. PBDI T M a rgin (% ) (5 Y Avg) - I de a l 1 8 .0 0 Grading in scale of
 GRADES 100% PRI CE H I ST ORY 26%

✔ 1 .3 100% Pric e Grow t h in La st 1 0 Y e a rs 2 .0 6 % Ave ra ge I nfla t ion (1 0 Y )+3 % Risk Pre m ium 7 .9 6 % Grading in scale of

For Capital Intensive Company D/E < 2. For non capital instensive company D/E < 0.5
 COM PREH EN D SH EET (CO)
MANUAL ENTRY NOT REQUIRED
Just observe and note how the stock has fared under all parameters

IDEAL ACTUAL
PARAMETER REMARKS NOTE: EXPLANATION OF NOTES
SCORE SCORE

PRICE VALUATION OVERALL IMPORTANCE OF PRICE VALUATION = 45% OUT OF 100%

Generally good stocks trade at very high P/E
100% 100% P/E Ratio In terms of P/E, stock price looks reasonable Stock scoring above 70% is good 70 ratio. Hence this parameter must be kept less
stringent, hence 70%

Only large manufacturing companies hove low

100% 92% P/B Ratio In terms of P/B, stock price looks reasonable Stock scoring above 75% is good 75 P/B ratios. Hence this parameter must be kept
less stringent, hence 75%

Only large establised companies pay high

100% 100% Dividend Yield (DY) In terms of DY, stock price looks reasonable Stock scoring above 82% is good 82 dividends. Hence this parameter must be kept
less stringent, hence 82%

All good companies must show low PEG ratio.

100% 48% PEG In terms of PEG, stock looks overvalued Stock scoring above 95% is good 95 Hence this parameter must be kept very
stringent, hence 95%

Price lower than its Intrinsic Value is good. But

100% 17% PRICE In terms of PRICE, stock looks overvalued Stock scoring above 85% is good 85 IV calculation is tough. Hence this parameter is
kept less stringent, hence 85%

100% 27% RATING OF THIS STOCKS BASED ON ALL PARAMETERS OF PRICE VALUATION 81.40

BUSINESS FUNDAMENTALS IMPORTANCE OF BUSINESS FUNDAMENTALS = 40% OUT OF 100%

Generally even average stock can maintain

100% 100% Net Worth Growth Rate (NWG) In terms of NWG, stock looks fundamentally reasonable Stock scoring above 85% is good 85 decent NWG. Hence this parameter must be
kept more stringent, hence 85%

Even very good companies cannot maintain

100% 100% Debt Growth Rate (DG) In terms of DG, stock looks fundamentally reasonable Stock scoring above 75% is good 75 low debt growth. Hence this parameter can be
kept less stringent, hence 75%

Even very good companies cannot keep their

100% 100% Debt Equity Ratio (D/E) In terms of D/E, stock looks fundamentally reasonable Stock scoring above 70% is good 70 D/E ratio low. Hence this parameter can be
kept less stringent, hence 70%

Even very good companies find is hard to keep

100% 100% Quick Ratio (QR) In terms of QR, stock looks fundamentally reasonable Stock scoring above 70% is good 70 their QR high. Hence this parameter can be
kept less stringent, hence 70%

All good companies must grow revenue above

100% 100% Revenue Growth (RG) In terms of RG, stock looks fundamentally reasonable Stock scoring above 90% is good 90 inflation rate. Hence this parameter must be
kept very stringent, hence 90%
 All good companies must grow expense above
100% 95% Expense Growth (EG) In terms of EG, stock looks fundamentally reasonable Stock scoring above 90% is good 90 revenue growth. Hence this parameter must
be kept very stringent, hence 90%

All good companies must keep debt

100% 100% Debt Expense Ratio (DER) In terms of DER, stock looks fundamentally reasonable Stock scoring above 88% is good 88 dependency low. Hence this parameter must
be kept very stringent, hence 88%

All good companies must keep EPS Growth

100% 100% EPS Growth (EPSG) In terms of EPSG, stock looks fundamentally reasonable Stock scoring above 95% is good 95 above inflation. Hence this parameter must be
kept very stringent, hence 95%

Even good companies find is hard to maintain

100% 100% Dividend / Share Growth (DSG) In terms of DSG, stock looks fundamentally reasonable Stock scoring above 70% is good 70 their DSG high. Hence this parameter can be
kept less stringent, hence 70%

Generally even good stocks cannot maintain

100% 85% PAT Margin (PM) In terms of PM, stock looks fundamentally reasonable Stock scoring above 78% is good 78 PM as high as 20%. Hence this parameter must
be kept less stringent, hence 78%

All good companies must maintain their RoCE

100% 54% Return on Capital Employed (ROCE) In terms of ROCE, stock looks fundamentally weak Stock scoring above 95% is good 95 above 28%. Hence this parameter must be
kept very stringent, hence 90%

Even good companies at times has low MCAP.

100% 90% Market Capitalization (MCAP) In terms of MCAP, stock looks fundamentally reasonable Stock scoring above 70% is good 70 Hence this parameter must be kept less
stringent, hence 70%

100% 95% RATING OF THIS STOCK BASED ON ALL PARAMETERS OF BUSINESS FUNDAMENTALS 81.33

PROFITABILITY RATIO IMPORTANCE OF PROFITABILITY = 10% OUT OF 100%

Invest only in profitable companies (having

100% 86% Return on Net Worth (RNW) In terms of RNW, stock looks less profitable Stock scoring above 90% is good 90 high RONW). Hence this parameter must be
kept stringent, hence 90%

Invest only in profitable companies (having

100% 74% Return on Asset (ROA) In terms of ROA, stock looks less profitable Stock scoring above 92% is good 92 high ROA). Hence this parameter must be kept
stringent, hence 92%

Invest only in profitable companies (having

100% 100% PBDIT Margin In terms of PBDITM, stock looks reasonably profitable Stock scoring above 90% is good 90 high PBDITM). Hence this parameter must be
kept stringent, hence 90%

100% 86% RATING OF THIS STOCK BASED ON ALL PARAMETERS OF PROFITABILITY 90.67

PRICE HISTORY IMPORTANCE OF PRICE HISTORY= 5% OUT OF 100%

Higher price growth rate is highly preferable.

100% 26% Price Growth in 10Y (PG10Y) In terms of PG10Y, stock looks fundamentally weak Stock scoring above 95% is good 95 Hence this parameter must be kept stringent,
hence 95%
59.87% OVERALL RATING EARNED BY THIS STOCK 84.53 IDEAL OVERALL RATING OF THE STOCK Ideal Score % 84.53

Earned Score %59.87

90.00 84.53
80.00

70.00
59.87
60.00

50.00

40.00

30.00

20.00