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Maharashtra Knowledge Center Ltd Unlisted Share
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About Maharashtra Knowledge Center Ltd Unlisted Share
Maharashtra Knowledge Corporation Limited (MKCL) was established by the Department of Higher and Technical Education, Government of Maharashtra (GoM) under the Companies Act, 1956. Since its inception in April 2002, MKCL has become a high-tech initiative focused on developing and delivering innovative eLearning, eGovernance, and empowerment solutions. Operating across Maharashtra, one of India’s most industrialized states, MKCL has served millions of customers, including public institutions, universities, governments, and communities.
In 2018, the coordination of MKCL's affairs was transferred to the General Administration Department (GAD) of the Government of Maharashtra, which oversees its operations through the Directorate of Information Technology.
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Financial Highlights
FY22-23 Key Highlights
- Revenue Growth: Revenue increased by ₹57 crores, from ₹145 crores in FY22 to ₹203 crores in FY23.
- EBITDA Increase: EBITDA grew significantly, from ₹43.96 crores in FY22 to ₹67.41 crores in FY23.
- Profit After Tax (PAT): PAT rose by ₹8 crores, from ₹41 crores in FY22 to ₹49 crores in FY23.
- Net Profit Margin (NPM): NPM remained robust at 23.50% in FY23, compared to 28% in FY22.
- Net Worth: The company’s net worth increased by ₹26.94 crores, reaching ₹496.94 crores in FY23.
- Return on Net Worth (RoNW): RoNW slightly improved from 8.7% in FY22 to 9.61% in FY23
FY19-20 Key Highlights
- Revenue Decline: Revenue from operations decreased to ₹15,790.37 lakhs in FY20, from ₹16,442.12 lakhs in FY19, primarily due to COVID-19 impacts.
- Learner Increase: Learner count for KLiC courses increased by 12.86%, from 62,664 learners in FY19 to 70,720 learners in FY20.
- Revenue from MMSDP: Revenue from the Mission Mode Skill Development Program (MMSDP) increased by 2.76%, from ₹3,228.13 lakhs in FY19 to ₹3,317.28 lakhs in FY20.
- Debt-Free: The company remains debt-free.
MKCL Unlisted Share Valuation
- Current Market Price (CMP): ₹400
- Shares Outstanding: 80 Lakh
- Market Capitalization (MCap): ₹320 Crores
- MCap/Revenue: 1.5x
- Price-to-Earnings (P/E): 6x
MKCL continues to be a key player in the eLearning and eGovernance sectors, with consistent growth and a strong presence in Maharashtra and beyond. The company is positioned to leverage its expertise in empowering communities through its educational and technological initiatives.
Disclaimer*This research has been conducted on available data. Investors are advised to perform their own research and due diligence before making any investment decisions. We are not responsible for any financial losses or inaccuracies in the data provided
Pros
- Stock is trading at 1.14 times its book value
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 26.3%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -6.23% over past five years.
- Company has a low return on equity of 3.68% over last 3 years.
Key Details
| Share Name | Particulars |
|---|---|
| Maharashtra Knowledge Center Unlisted | 475.00 |
| Shares Price | Per Equity Share |
| Minimum Lot Size | Shares Worth Rs. 15000 |
| 52 Week High | ₹550 |
| 52 Week LoW | ₹410 |
| Depository | NSDL & CDSL |
| PAN Number | AACCM8297L |
| ISIN Number | INE03KR01016 |
| CIN | U80302PN2001PLC135348 |
| RTA | Alankit Assignments |
| Fundamentals | Value |
|---|---|
| Market Cap (in cr.) | 383.81 |
| P/E Ratio | 11.99 |
| P/B Ratio | 0.65 |
| Debt to Equity | 0.01 |
| ROE (%) | 5% |
| Book Value | 732.75 |
| EPS | 39.6 |
| Face Value | 10 |
| Total Shares | 8080195 |
Financials
| P&L Statement | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 276 | 235 | 177 |
| Cost of Material Consumed | 171 | 140 | 92 |
| Gross Margins | 38.04 | 40.43 | 48.02 |
| Change in Inventory | 0.7 | -1 | -4 |
| Employee Benefit Expenses | 36 | 38 | 35 |
| Other Expenses | 24.05 | 16 | 13 |
| EBITDA | 44.25 | 42 | 41 |
| OPM | 16.03 | 17.87 | 23.16 |
| Other Income | 44 | 46 | 30 |
| Finance Cost | 0.45 | 0.64 | 0.6 |
| D&A | 5.8 | 6.3 | 5 |
| EBIT | 38.45 | 35.7 | 36 |
| EBIT Margins | 13.93 | 15.19 | 20.34 |
| PBT | 38 | 80 | 65 |
| PBT Margins | 13.77 | 34.04 | 36.72 |
| Tax | 6 | 17 | 14 |
| PAT | 32 | 63 | 51 |
| NPM | 11.59 | 26.81 | 28.81 |
| EPS | 39.66 | 77.97 | 63.75 |
| Financial Ratios | FY25 | FY24 | FY23 |
|---|---|---|---|
| Operating Margin | 26% | 28% | 30% |
| Net Profit Margin | 10% | 23% | 25% |
| Return on Equity | 5% | 11% | 10% |
| Debt-Equity | 0.01 | 0.01 | 0.01 |
| Current Ratio | 1.59 | 2.02 | 2.12 |
| Dividend Payout | 3% | 4% | 3% |
| Company | MKCL | APTECH LTD | ZEE LEARN LTD |
|---|---|---|---|
| Market Cap (₹ Crores) | 343 | 752 | 317 |
| Profitability Margin (%) | 10% | 4% | 5% |
| ROCE (%) | 13% | 14% | 15% |
| ROE (%) | 5% | 8% | 10% |
| D/E Ratio | 0.01 | 0.03 | 2.03 |
| P/E Ratio | 10.73 | 35.8 | 15.5 |
| P/B Ratio | 0.56 | 3 | 1.62 |
| Book Value per Share (₹) | 760 | 43 | 6 |
Promoters or Management
Annual Reports
DRHP
Frequently Asked Questions
1. What is the revenue split of Maharashtra Knowledge Centre?
Majority of their revenue comes from sale of services. Their knowledge-lit careers development program contributes 75% to their revenue. Their Higher Education Transformation program contributes 5% to their revenue, mission-mode skill development program contributes 17% and the rest is contributed by another program and sale of books.
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