NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
PL Capital Report
In a non-seasonal quarter, education companies under our coverage universe are expected to report a modest top-line growth of 7.0% YoY with an improvement in gross margin. For S Chand And Co. Ltd., it is the weakest quarter of the season and top-line is expected to remain flat, while Navneet Education Ltd.'s core publishing business would continue to face growth challenges.
After the announcement of the National Curriculum Framework, phased adoption of new books was expected over time, leading to a rise in volumes. While the adoption rate is lower than expectation, we believe it will rise going ahead as NCERT publishes new books for higher grades.
We maintain our positive bias on book publishers, and S Chand remains our preferred pick with a target price of Rs 312 (12 times FY26E earnings per share; no change in target multiple).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
