Cl Educate Limited (CLEDUCATE)

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Cl Educate Limited (CLEDUCATE) · mywealthgrid

About

Cl Educate Limited operates in education services within the Consumer Discretionary sector. At ₹319.78 Cr market cap, it is a small-cap with quarterly revenues ranging ₹59–₹164 Cr. Profitability has been highly unstable, with only 1 profitable quarter in the last 8 (Sep 2025: ₹5.2 Cr) and negative ROE of -9.86%.

Face value: ₹5

Market cap

₹314 Cr

P/E

—

P/B

1.2×

Dividend yield

ROE

-9.9%

ROCE

4.8%

Debt / equity

0.92

OPM

8.8%

EPS (TTM)

₹-4.3

Book value

₹46.7

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Profitability crisis: 7 of 8 recent quarters reported net losses totaling ₹60+ Cr; negative ROE of -9.86% reflects persistent shareholder value destruction.

Operating margin volatility and execution risk: Margins swung from -20.63% (Mar 2026) to 14.42% (Sep 2025), indicating severe operational inconsistency.

Revenue instability: Quarterly revenue fluctuated ₹59–₹164 Cr; verify whether this reflects seasonal cycles, customer concentration, market contraction, or operational issues.

Thin margins with leverage: Average OPM 8.75% and D/E 0.92 mean limited profit buffer; revenue declines drive disproportionate losses, as recent quarters demonstrate.

Generated analysis · source review pending

Growth drivers

Sep 2025 achieved ₹164.35 Cr revenue with ₹5.2 Cr net profit (14.42% OPM) — verify what operational factors enabled this scale and whether it is sustainable.

Jun 2026 profitability recovery: ₹127.51 Cr revenue with only ₹-1.67 Cr loss and 13.62% OPM, vs ₹-10.39 Cr loss in Mar 2026 — track if improvement trajectory continues toward breakeven.

Verify: total addressable market in education services, company's competitive positioning, and whether recent loss-making quarters reflect cyclical trough or structural market contraction.

Generated analysis · source review pending

2,344 historical price candles were omitted because the exchange source has not been verified.

₹56.5+1.9%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 24.3% over the last 5 years

Cons

−Low return on equity of -2.8% (3-yr avg)
−Weak interest coverage of 0.6×

Research score

Structured signal from quality, growth, valuation and momentum.

49/100

Business quality: 13
Growth: 47
Valuation: 88

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	289	289	339	309	185	207	291	319	358	548
COGS	14	14	11	5	3	4	10	9	8	10
Gross profit	275	275	328	304	181	203	281	309	350	539
	265	265	301	311	192	183	256	287	328	491
	10	10	27	-7	-10	20	25	23	22	48
OPM %	3.4%	3.4%	7.9%	-2.2%	-5.7%	9.7%	8.7%	7.2%	6.2%	8.8%
Depreciation	8	8	9	14	8	8	11	14	20	41
Interest	6	6	6	8	6	4	2	2	8	44
	15	15	16	-25	10	9	6	15	-3	12
Profit before tax	10	10	27	-54	-15	17	19	22	-9	-25
Tax	5	5	7	-1	-3	3	-4	6	2	1
Tax %	44.8%	44.8%	25.3%	-1.9%	-19.3%	19.9%	-20.2%	27.6%	19.7%	4.5%
	6	6	20	-53	-12	14	23	16	-11	-26
PAT margin %	2%	2%	5.9%	-17.2%	-6.4%	6.7%	7.7%	5%	-3.2%	-4.8%
EPS (₹)	4.1	4.1	14.1	-37.5	-8.4	4.9	4.1	2.9	-2.1	-4.8
EPS adjusted (₹)	—	—	3.5	-9.4	-2.1	2.4	4.1	2.8	-2.1	-4.8
	0%	0%	7.1%	—	—	0%	0%	0%	—	—
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	14	14	14	14	28	27	27	27
Reserves	324	269	233	247	247	254	245	226
Minority interest	0	0	0	—	0	—	—	—
	53	43	43	17	10	21	241	233
	103	95	62	69	88	86	384	412
Total equity & liabilities	494	421	352	348	373	388	897	898
	98	95	72	54	64	92	336	363
CWIP	—	—	—	—	0	0	0	0
Investments	82	51	55	57	11	3	15	14
	315	275	224	237	298	293	545	521
Total assets	494	421	352	348	373	388	897	898

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
DEX	223.32	34.46	287.66	91.76	195.9	17.59
EdTech	163.24	-5.3

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	96.7%	98.5%	98.3%	97.9%	96.5%	97.1%	97.8%	98.3%
EBITDA margin %	7.9%	-2.1%	-5.6%	9.9%	8.8%	7.6%	6.2%	8.8%
EBIT margin %	5.1%	-6.7%	-10.1%	6%	5%	3.2%	0.6%	1.2%
PAT margin %	5.9%	-17.2%	-6.4%	6.7%	7.7%	5%	-3.2%	-4.8%
Working capital
Receivable days	140	112	104	88	87	74	113	53
Inventory days	323	1,138	1,657	1,175	434	504	634	451
Payable days	1,584	3,192	2,838	2,360	1,443	1,331	3,112	3,063
NWC days	-1,121	-1,942	-1,077	-1,097	-921	-753	-2,364	-2,559
Leverage
Current ratio	1.98	1.98	2.05	2.58	2.25	2.49	2.09	1.08
Debt to EBITDA	1.95	—	—	0.83	0.41	0.88	10.85	4.85
Debt to equity	0.16	0.15	0.17	0.06	0.04	0.08	0.89	0.92
Interest coverage	4.9	-0.6	-1.6	6	13.1	9.8	1.5	0.6
Asset turnover	0.69	0.73	0.52	0.6	0.78	0.82	0.4	0.61
Return ratios
Return on assets %	4%	-12.6%	-3.4%	4%	6%	4.1%	-1.3%	-2.9%
Return on capital employed %	8.6%	-1.6%	-3.3%	7.9%	7.4%	8.3%	2.6%	4.8%
Return on equity %	5.9%	-18.7%	-4.8%	5.3%	8.2%	5.6%	-4.2%	-10.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	52.51%	53.52%	53.52%	53.52%	53.14%	53.14%	53.16%	53.16%	51.78%	51.78%	51.78%	51.78%
	8.09%	8.28%	8.13%	8.13%	8.23%	8.2%	8.12%	7.98%	7.99%	7.87%	7.89%	7.8%
DII	0%	0%	0%	0%	0%	0%	0.02%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	39.4%	38.2%	38.35%	38.35%	38.63%	38.66%	38.7%	38.86%	40.23%	40.35%	40.33%	40.42%
No. of shareholders	—	—	—	—	—	—	—	—	20,691	20,610	19,854	18,713

Promoter holding down 0.73 percentage points since Sep 2023.

27 deals · 25 Oct 2021 – 19 Feb 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
19 Feb 2025	SETU SECURITIES PVT LTD	Bulk	NSE	Buy	2,80,700	₹94.23	₹2.65 Cr
19 Feb 2025	SETU SECURITIES PVT. LTD.	Bulk	BSE	Sell	2,80,700	₹94.16	₹2.64 Cr
17 Feb 2025	SAGAR MAL MALL	Bulk	NSE	Sell	2,98,196	₹86.41	₹2.58 Cr
30 Sept 2024	GPE (INDIA) LTD	Bulk	NSE	Sell	4,00,000	₹115.00	₹4.60 Cr
11 Sept 2024	F3 ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	3,11,499	₹129.01	₹4.02 Cr
11 Sept 2024	F3 ADVISORS PRIVATE LIMITED	Bulk	NSE	Sell	2,07,954	₹124.96	₹2.60 Cr
30 Aug 2024	F3 ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	3,93,837	₹101.25	₹3.99 Cr
30 Aug 2024	F3 ADVISORS PRIVATE LIMITED	Bulk	NSE	Sell	3,75,837	₹97.24	₹3.65 Cr
30 Aug 2024	SETU SECURITIES PRIVATE LIMITED	Bulk	NSE	Buy	2,90,000	₹96.76	₹2.81 Cr
4 Mar 2024	MATHEW CYRIAC	Bulk	BSE	Buy	10,35,000	₹88.01	₹9.11 Cr

1–10 of 27

1 / 3

Mr. SATYA NARAYANAN RAMAKRISHNANExecutive Director-Chairperson
Mr. GAUTAM PURIExecutive Director-MD
Arjun WadhwaChief Financial Officer
Mr. NIKHIL MAHAJANExecutive Director
Ms. MADHUMITA GANGULINon-Executive - Independent Director
Mr. GIRISH SHIVANINon-Executive - Independent Director
Mr. SANJAY TAPRIYANon-Executive - Independent Director
Mr. PIYUSH SHARMANon-Executive - Independent Director
Mr. IMRAN JAFARNon-Executive - Non Independent Director
Mr. YATRIK RUSHIKESH VINNon-Executive - Independent Director
Ms. Rachna SharmaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Cl Educate Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

2

Interim dividend22 Nov 2019 · ex-date₹1
Interim dividend14 Aug 2018 · ex-date₹1

1

Board meeting to consider results4 Aug 2026

1

Face value ₹10 → ₹530 Sept 2021 · ex-date

1–3 of 4

1 / 2

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

65 announcementsExport CSV

6 Sept 2026, 4:20 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	96.7%	98.5%	98.3%	97.9%	96.5%	97.1%	97.8%	98.3%
EBITDA margin %	7.9%	-2.1%	-5.6%	9.9%	8.8%	7.6%	6.2%	8.8%
EBIT margin %	5.1%	-6.7%	-10.1%	6%	5%	3.2%	0.6%	1.2%
PAT margin %	5.9%	-17.2%	-6.4%	6.7%	7.7%	5%	-3.2%	-4.8%
Working capital
Receivable days	140	112	104	88	87	74	113	53
Inventory days	323	1,138	1,657	1,175	434	504	634	451
Payable days	1,584	3,192	2,838	2,360	1,443	1,331	3,112	3,063
NWC days	-1,121	-1,942	-1,077	-1,097	-921	-753	-2,364	-2,559
Leverage
Current ratio	1.98	1.98	2.05	2.58	2.25	2.49	2.09	1.08
Debt to EBITDA	1.95	—	—	0.83	0.41	0.88	10.85	4.85
Debt to equity	0.16	0.15	0.17	0.06	0.04	0.08	0.89	0.92
Interest coverage	4.9	-0.6	-1.6	6	13.1	9.8	1.5	0.6
Asset turnover	0.69	0.73	0.52	0.6	0.78	0.82	0.4	0.61
Return ratios
Return on assets %	4%	-12.6%	-3.4%	4%	6%	4.1%	-1.3%	-2.9%
Return on capital employed %	8.6%	-1.6%	-3.3%	7.9%	7.4%	8.3%	2.6%	4.8%
Return on equity %	5.9%	-18.7%	-4.8%	5.3%	8.2%	5.6%	-4.2%	-10.3%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Shanti Educational Initiatives LimitedSEILSEIL	₹3,006 Cr	₹3,006 Cr	₹0 Cr	₹0 Cr	—	₹0 Cr	—	—	—	—
Niit Learning Systems LimitedNIITMTSNIITMTS	₹2,633 Cr	₹2,900 Cr	₹2,066 Cr	₹370 Cr	18.8%	₹256 Cr	12.7%	19.4%	18%	40
Niit LimitedNIITLTDNIITLTD	₹1,161 Cr	₹1,161 Cr	₹402 Cr	₹-7 Cr	-3.4%	₹9 Cr	1.5%	2.2%	0.9%	-885
Aptech LimitedAPTECHTAPTECHT	₹505 Cr	₹505 Cr	₹517 Cr	₹33 Cr	6.3%	₹24 Cr	4.7%	15.2%	9.4%	3
Career Point Edutech LimitedCPEDUCPEDU	₹321 Cr	₹321 Cr	₹51 Cr	₹26 Cr	50.5%	₹24 Cr	44.8%	46.3%	34.6%	98
Cl Educate LimitedCLEDUCATECLEDUCATE	₹314 Cr	₹547 Cr	₹530 Cr	₹48 Cr	8.8%	₹-24 Cr	-4.8%	4.8%	-9.9%	-2,559
Zee Learn LimitedZEELEARNZEELEARN	₹206 Cr	₹545 Cr	₹424 Cr	₹107 Cr	23.7%	₹45 Cr	8.8%	11.9%	17.9%	63
Golden Crest Education & Services LtdGOLDENCRESTGOLDENCREST	₹169 Cr	₹169 Cr	₹0 Cr	₹0 Cr	47.6%	₹0 Cr	42.9%	2.2%	1.7%	269
VJTF Eduservices LtdVJTFEDUVJTFEDU	₹120 Cr	₹121 Cr	₹2 Cr	₹-13 Cr	32.8%	₹9 Cr	1.6%	7.8%	1%	-37
Compucom Software LimitedCOMPUSOFTCOMPUSOFT	₹103 Cr	₹152 Cr	₹33 Cr	₹1 Cr	7.6%	₹3 Cr	8.4%	2%	2%	317
Ascensive Educare LtdASCENSIVEASCENSIVE	₹75 Cr	—	₹59 Cr	₹6 Cr	10.3%	₹3 Cr	5.8%	—	—	—
Ironwood Education LtdIRONWOODIRONWOOD	₹73 Cr	₹112 Cr	₹53 Cr	₹8 Cr	15.6%	₹4 Cr	7.4%	15.6%	14.8%	4,186

Date	Category	Subject	Filing
6 Sept 2026, 4:20 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
6 Sept 2026, 12:24 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
3 Sept 2026, 1:12 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
17 Aug 2026, 12:22 pm	Company Update General	Press Release - Career Launcher Founder Satya Narayanan Welcomes PM Modi''s Independence Day Announcement Of Free Online Coaching And AI Skilling For 1 Crore Youth	PDF
10 Aug 2026, 5:29 pm	Company Update Earnings Call Transcript	Announcement under Regulation 30 (LODR)-Earnings Call Transcript	PDF
3 Aug 2026, 5:00 pm	Company Update Allotment of ESOP / ESPS	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS	PDF
31 Jul 2026, 5:16 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
28 Jul 2026, 5:50 pm	Board Meeting	Board Meeting Intimation for Intimation Under Regulation 29 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	17	29	26	33	24	26	16	79
	-16	-3	-4	-1	8	-4	-245	-6
	-3	-25	-17	-35	-22	-6	208	-53
Net cash flow	-3	1	6	-2	10	16	-20	20
Free cash flow	15	27	21	12	-4	25	-14	50
CFO / Operating profit %	61.6%	—	—	163%	94.7%	106.4%	73.5%	164.9%

Cl Educate Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

2

1

1

Announcements

Not in the F&O segment

No fund holdings on record

2

1

1

Announcements

Annual reports

Investor Presentation and earnings call

Segment results

Compounded sales growth

Return on equity

Assets Held for Sale · revenue

Cl Educate Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends2

Board meetings1

Stock splits1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Dividends2

Board meetings1

Stock splits1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Assets Held for Sale · revenue

2

1

1

2

1

1