Navneet Education Q4 Review - Growth Levers In Place: Prabhudas Lilladher

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.While Navneet Education Ltd.’s top-line was ahead of our estimates due to swift recovery in stationary exports; gross margin at 53.8% was broadly in-line with our expectation. Though syllabus change schedule for FY23E is not exciting; given last academic cycle was impacted by Covid-19 usage of second hand books can be lower aiding growth in publishing segment. On the other hand, management commentary on stationary exports continues to remain bullish and top-line compound annual growth rate of 25% is envisaged over next three-four years. Apart from strong tailwinds in publishing and stationary exports, Navneet Education has intensified focus on Ed-Tech. Besides ear-marking Rs 600 million towards spends in Navneet Future Tech, additional investment of Rs 375 million will be made in SFA Sporting Services Pvt. Ltd., a sports tech company in FY23E..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Navneet Education Q4 Review - Growth Levers In Place: Prabhudas Lilladher

Navneet Education Q4 Review - Growth Levers In Place: Prabhudas Lilladher

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