Navneet Education Limited (NAVNETEDUL)

Loading page…

Navneet Education Limited (NAVNETEDUL) · mywealthgrid

About

Navneet Education Limited is a stationery-focused company within India's consumer staples sector, with a market cap of ₹2,964 Cr. Recent quarters show volatile profitability: Jun 2026 delivered ₹148 Cr net profit at 25.99% OPM, but Sep 2025 posted a ₹-6 Cr loss with negative OPM, suggesting operational or cyclical instability.

Founded: 1959
Face value: ₹2

Market cap

₹2,740 Cr

P/E

9.2×

P/B

134.2×

Dividend yield

3.6%

ROE

0.4%

ROCE

0.2%

Debt / equity

0.02

OPM

15.7%

EPS (TTM)

₹13.5

Book value

₹0.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Extreme profitability swings: net profit ranged from ₹148 Cr (Jun 2026) to ₹-6 Cr (Sep 2025), and OPM turned negative at -3.2% (Dec 2025), indicating structural instability or weak demand cycles

Very poor capital efficiency: ROE of 0.38% on ₹2,964 Cr deployed capital—verify whether this reflects competitive saturation, operational inefficiency, or cyclical demand weakness

Margin compression risk: OPM fell to 0.4% (Sep 2025), leaving minimal cushion to absorb input cost inflation or competitive pricing pressure

Market skepticism persists: -10.38% 1-year return despite Jun 2026 recovery and 52-week price range of 35% suggest lingering concerns—identify macro or sectoral headwinds the market is discounting

Generated analysis · source review pending

Growth drivers

Jun 2026 rebounded to ₹148 Cr net profit from ₹-6 Cr loss in Sep 2025; if sustained or grown, this baseline could unlock significant upside given ₹9.93 PE—verify sustainability trajectory

OPM expanded to 25.99% (Jun 2026) from 15.69% trailing average; identify operational changes or product mix shifts driving the ~10pp improvement and likelihood of recurrence

Regular dividend payments and D/E of 0.02 indicate strong cash generation with minimal capital constraint; verify if management plans to deploy cash toward market expansion, new geographies, or adjacent categories

Stationery market size, growth rate, consolidation trends, and e-commerce penetration not evident in company data; verify these external drivers to assess realistic ceiling on organic growth

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹123.9+2%1Y

Quick read

rule-based

Pros

+Strong return on equity of 23.2% (3-yr avg)
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 12.9×
+Dividend yield of 3.6%
+Dividend payout of 33.4% of profit
+High promoter holding of 63.3% with no pledge

Cons

−Profit declined 42.5% a year over the last 5 years
−Revenue shrank over the last 5 years (-54% a year)
−Trading at 134.2× book value

Research score

Structured signal from quality, growth, valuation and momentum.

38/100

Business quality: 44
Growth

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

Loading peers…

Financials

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

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	953	1,172	1,204	1,445	1,512	835	1,114	1,697	1,751	1,786	17
COGS	—	545	585	702	729	397	532	846	878	836	8
Gross profit	—	628	619	743	783	437	583	851	873	950	9
	779	353	397	472	470	350	420	553	578	631	7
	173	274	222	271	313	87	163	298	295	318	3
OPM %	18.2%	23.4%	18.5%	18.7%	20.7%	10.4%	14.6%	17.6%	16.9%	17.8%	15.7%
Depreciation	—	28	31	33	47	47	50	58	65	66	1
Interest	—	4	8	15	17	10	6	12	20	19	0
	17	22	26	17	22	59	83	70	81	707	3
Profit before tax	190	264	210	—	272	89	190	298	291	940	5
Tax	69	83	82	93	75	33	60	94	39	137	1
Tax %	36.4%	31.5%	39.2%	—	27.4%	37%	31.5%	31.6%	13.4%	14.5%	19.3%
	120	181	128	153	197	56	130	204	252	804	4
PAT margin %	12.6%	15.5%	10.6%	10.6%	13.1%	6.7%	11.7%	12%	14.4%	45%	21.4%
EPS (₹)	—	7.2	5.5	6.6	8.6	2.4	5.8	9	11.1	34	32
EPS adjusted (₹)	—	7.3	5.5	6.7	8.6	2.4	5.8	9	11.1	34.3	16
	—	34.8%	27.5%	15.2%	34.8%	41%	26%	28.8%	23.4%	8.8%	—
Annual report	Annual report for Mar 2016	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 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	47	47	46	46	46	45	45	45	44	0
Reserves	647	0	826	920	993	1,082	1,105	1,248	1,790	20
Minority interest	0	705	—	—	—	—	0	0	40	1
	159	0	295	190	70	70	276	245	182	0
	167	401	129	151	102	153	230	208	297	4
Total equity & liabilities	1,020	1,154	1,296	1,307	1,211	1,350	1,657	1,747	2,354	26
	232	—	151	162	151	169	231	238	275	3
CWIP	3	0	14	4	22	1	1	2	42	0
Investments	24	0	196	264	292	338	300	285	834	10
	761	1,154	936	877	745	843	1,125	1,223	1,203	12
Total assets	1,020	1,154	1,296	1,307	1,211	1,350	1,657	1,747	2,354	26

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 %
Stationery Products	9.62	0.64	8.8	1.46	7.34	8.72
Publishing Content	7.57	1.76

Loading financials…

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 %	51.4%	51.8%	52.4%	52.3%	50.1%	49.9%	53.2%	55%
EBITDA margin %	18.7%	20.7%	10.4%	14.6%	17.6%	16.9%	17.9%	15.7%
EBIT margin %	16.5%	17.6%	4.8%	10.1%	14.1%	13.1%	14.2%	11.1%
PAT margin %	10.6%	13.1%	6.7%	11.7%	12%	14.4%	45%	21.4%
Working capital
Receivable days	56	50	62	62	71	77	71	71
Inventory days	274	228	369	312	270	265	278	296
Payable days	—	—	—	—	28	22	33	38
NWC days	—	—	—	—	313	320	316	330
Leverage
Current ratio	1.96	2.52	4.39	3.47	2.27	2.73	3.32	3.59
Debt to EBITDA	1.09	0.61	0.8	0.43	0.93	0.83	0.57	0.13
Debt to equity	0.34	0.2	0.07	0.06	0.24	0.19	0.1	0.02
Interest coverage	16.6	16.9	5.3	21.1	21.9	12.2	14.6	12.9
Asset turnover	1.11	1.16	0.69	0.83	1.02	1	0.76	0.67
Return ratios
Return on assets %	11.8%	15.1%	4.6%	9.6%	12.3%	14.4%	34.1%	14.4%
Return on capital employed %	31.1%	31%	5.2%	12%	21.8%	19.2%	16.5%	0.2%
Return on equity %	17.5%	20.4%	5.4%	11.5%	17.7%	19.5%	43.8%	18.1%

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.

Loading ratios…

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
	63.31%	63.31%	63.31%	63.31%	63.31%	63.35%	63.35%	63.35%	63.35%	63.35%	63.29%	63.29%
	3.68%	3.54%	3.67%	3.38%	3.35%	3.42%	3.95%	4.14%	3.63%	3.16%	3.11%	3.2%
	11.4%	12.42%	12.45%	12.39%	12.38%	12.48%	12.68%	12.85%	12.85%	12.93%	13.03%	13.57%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	21.61%	20.73%	20.57%	20.92%	20.96%	20.75%	20.02%	19.66%	20.17%	20.56%	20.57%	19.94%
No. of shareholders	—	—	—	—	—	—	—	—	44,191	41,862	39,807	39,641

Promoter holding down 0.02 percentage points since Sep 2023.

Mr. KAMLESH SHIVJI VIKAMSEYNon-Executive - Non Independent Director-Chairperson
Mr. GNANESH DUNGARSHI GALAExecutive Director-MD
Mr. RAJU HARAKHCHAND GALAExecutive Director-MD
Mr. ANIL DUNGARSHI GALAExecutive Director
Mr. SHAILENDRA JITENDRABHAI GALAExecutive Director
Mr. DILIP CHATRABHUJ SAMPATExecutive Director
Mr. KRISHNAMURTHY ILANGO VISWANATHANNon-Executive - Independent Director
Mr. ANIL SWARUPNon-Executive - Non Independent Director
Mr. HEMAL MADHUBHAI PATELNon-Executive - Independent Director
Mrs. NIRMA ANIL BHANDARINon-Executive - Independent Director
Mrs. DRUSHTI RAHUL DESAINon-Executive - Independent Director

Loading shareholding…

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.

Loading f&o…

Fund holders

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

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

4.36%

of the company's equity

All mutual funds

11.47%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

4 schemes · 2 fund houses

		Shares
Portfolio of Kotak Multi Cap FundNEW	Kotak Mahindra Mutual Fund	77.16 L	103.87	0.34%	3.488%	—
Portfolio of Kotak Multi Asset Allocation Fund	Kotak Mahindra Mutual Fund	15.65 L	21.06	0.14%	0.707%	-0
Portfolio of Kotak Consumption Fund	Kotak Mahindra Mutual Fund	3.62 L	4.88	0.28%	0.164%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	236	0	0.01%	0%	-0

Loading fund holders…

Documents

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

Announcements

Loading documents…

Events

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

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

16 announcementsExport CSV

30 Sept 2026, 2:33 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

31 Aug 2026, 5:15 pmCompany Update

Approval Of Registrar Of Companies, Mumbai-I ('ROC') For Extension Of Time For Holding The Annual General Meeting ('AGM') Of Navneet Education Limited ('The Company') And AGM Of Its Wholly-Owned Subsidiary, Indiannica Learning Private Limited.

General PDF

19 Aug 2026, 3:15 pmCompany Update

Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

General PDF

1 Aug 2026, 3:12 pmCompany Update

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Earnings Call Transcript PDF

30 Jul 2026, 11:52 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

29 Jul 2026, 5:56 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

28 Jul 2026, 4:06 pmCompany Update

Announcement under Regulation 30 (LODR)-Investor Presentation

Investor Presentation PDF

28 Jul 2026, 2:29 pmResult

Financial Results For The Quarter Ended 30Th June 2026

Financial Results PDF

Date	Category	Subject	Filing
30 Sept 2026, 2:33 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
31 Aug 2026, 5:15 pm	Company Update General	Approval Of Registrar Of Companies, Mumbai-I ('ROC') For Extension Of Time For Holding The Annual General Meeting ('AGM') Of Navneet Education Limited ('The Company') And AGM Of Its Wholly-Owned Subsidiary, Indiannica Learning Private Limited.

Loading announcements…

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	51.4%	51.8%	52.4%	52.3%	50.1%	49.9%	53.2%	55%
EBITDA margin %	18.7%	20.7%	10.4%	14.6%	17.6%	16.9%	17.9%	15.7%
EBIT margin %	16.5%	17.6%	4.8%	10.1%	14.1%	13.1%	14.2%	11.1%
PAT margin %	10.6%	13.1%	6.7%	11.7%	12%	14.4%	45%	21.4%
Working capital
Receivable days	56	50	62	62	71	77	71	71
Inventory days	274	228	369	312	270	265	278	296
Payable days	—	—	—	—	28	22	33	38
NWC days	—	—	—	—	313	320	316	330
Leverage
Current ratio	1.96	2.52	4.39	3.47	2.27	2.73	3.32	3.59
Debt to EBITDA	1.09	0.61	0.8	0.43	0.93	0.83	0.57	0.13
Debt to equity	0.34	0.2	0.07	0.06	0.24	0.19	0.1	0.02
Interest coverage	16.6	16.9	5.3	21.1	21.9	12.2	14.6	12.9
Asset turnover	1.11	1.16	0.69	0.83	1.02	1	0.76	0.67
Return ratios
Return on assets %	11.8%	15.1%	4.6%	9.6%	12.3%	14.4%	34.1%	14.4%
Return on capital employed %	31.1%	31%	5.2%	12%	21.8%	19.2%	16.5%	0.2%
Return on equity %	17.5%	20.4%	5.4%	11.5%	17.7%	19.5%	43.8%	18.1%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Doms Industries LimitedDOMSDOMS	₹12,732 Cr	₹12,821 Cr	₹2,435 Cr	₹386 Cr	17.3%	₹217 Cr	10.3%	24.8%	20.7%	96
Navneet Education LimitedNAVNETEDULNAVNETEDUL	₹2,740 Cr	₹2,740 Cr	₹1,289 Cr	₹192 Cr	15.7%	₹298 Cr	21.4%	0.2%	0.4%	330
Flair Writing Industries LimitedFLAIRFLAIR	₹2,388 Cr	₹2,425 Cr	₹1,281 Cr	₹228 Cr	18%	₹140 Cr	11.3%	16.7%	12.9%	251
Kokuyo Camlin LimitedKOKUYOCMLNKOKUYOCMLN	₹750 Cr	₹776 Cr	₹808 Cr	₹54 Cr	7.2%	₹22 Cr	3.1%	11.1%	7.9%	106
Linc LimitedLINCLINC	₹515 Cr	₹521 Cr	₹545 Cr	₹58 Cr	11%	₹32 Cr	6.1%	19.3%	13.3%	90
Alkosign LtdALKOSIGNALKOSIGN	₹67 Cr	—	₹27 Cr	₹4 Cr	14%	₹-5 Cr	-17.8%	—	—	—
Sundaram Multi Pap LimitedSUNDARAMSUNDARAM	₹51 Cr	₹89 Cr	₹100 Cr	₹15 Cr	14.8%	₹7 Cr	6.6%	15.9%	9.1%	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	168	103	48	95	296	268	6	-22	242	274	3
	-4	-87	-54	-43	-74	-40	-24	-86	-73	115	-1
	-170	-26	-79	-11	-205	-214	21	101	-100	-372	-2
Net cash flow	-6	-10	-85	41	17	14	3	-6	69	17	0
Free cash flow	137	88	—	95	259	236	-32	-72	189	159	2
CFO / Operating profit %	96.9%	37.7%	21.6%	35.2%	94.4%	307.8%	3.8%	-7.2%	82.1%	85.9%	113.7%

Navneet Education 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

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

26

1

1

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Others (Windmill and Trading Items etc.) · revenue

Navneet Education 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

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends26

Board meetings1

Bonus issues1

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Others (Windmill and Trading Items etc.) · revenue

26

1

1