Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹11Cr
Rev Gr TTM
Revenue Growth TTM
-16.84%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

MTEDUCARE
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 9.6 | -31.1 | -17.0 | -20.0 | 5.4 | 9.5 | -18.6 | 10.8 | 34.0 | -50.2 | 7.5 | -42.2 |
| 38 | 17 | 19 | 5 | 15 | 13 | 16 | 13 | 10 | 10 | 9 | 8 |
Operating Profit Operating ProfitCr |
| -320.1 | -37.1 | -31.2 | 58.2 | -52.2 | 4.6 | -35.2 | -4.8 | 21.1 | -39.5 | 24.6 | -7.9 |
Other Income Other IncomeCr | -14 | 6 | 5 | -8 | 1 | 2 | 1 | 1 | 0 | 1 | 1 | 1 |
Interest Expense Interest ExpenseCr | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 1 | 1 | 1 |
Depreciation DepreciationCr | 3 | 3 | 3 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 1 |
| -49 | -4 | -5 | -7 | -10 | -3 | -9 | -5 | -2 | -5 | 2 | -2 |
| -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 | 0 | 0 | 0 |
|
Growth YoY PAT Growth YoY% | -278.7 | -126.6 | 10.3 | -34.2 | 78.0 | 38.0 | -77.2 | 28.3 | -31.5 | -76.0 | 116.3 | 60.7 |
| -518.4 | -37.0 | -36.3 | -68.2 | -108.0 | -21.0 | -78.9 | -44.1 | -106.0 | -74.1 | 11.9 | -30.0 |
| -6.6 | -0.7 | -0.7 | -1.0 | -1.4 | -0.4 | -1.3 | -0.7 | -1.9 | -0.7 | 0.2 | -0.3 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| 12.5 | 26.5 | 4.9 | -26.1 | 2.7 | -10.2 | -63.4 | -29.4 | 9.7 | -18.7 | 6.4 | -22.2 |
| 180 | 229 | 252 | 394 | 200 | 172 | 88 | 66 | 90 | 55 | 52 | 37 |
Operating Profit Operating ProfitCr |
| 20.5 | 20.2 | 16.3 | -77.2 | 12.5 | 16.1 | -17.1 | -23.6 | -54.4 | -16.6 | -2.5 | 6.3 |
Other Income Other IncomeCr | 7 | 9 | 12 | 15 | 21 | -5 | 38 | 15 | -12 | 4 | 4 | 2 |
Interest Expense Interest ExpenseCr | 4 | 3 | 14 | 23 | 20 | 24 | 17 | 11 | 9 | 12 | 13 | 6 |
Depreciation DepreciationCr | 9 | 16 | 19 | 21 | 18 | 43 | 26 | 15 | 11 | 10 | 9 | 6 |
| 41 | 47 | 28 | -202 | 11 | -39 | -18 | -23 | -63 | -26 | -20 | -7 |
| 12 | 15 | 11 | -70 | 2 | 7 | 12 | 3 | -2 | 1 | 11 | 12 |
|
| 40.0 | 10.8 | -46.6 | -866.8 | 106.9 | -603.6 | 34.2 | 15.6 | -137.8 | 54.5 | -12.1 | 37.4 |
| 12.8 | 11.2 | 5.7 | -59.2 | 4.0 | -22.4 | -40.2 | -48.1 | -104.3 | -58.4 | -61.5 | -49.6 |
| 7.5 | 8.1 | 1.5 | -32.7 | 1.3 | -6.4 | -4.2 | -3.5 | -8.4 | -3.8 | -4.3 | -2.7 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 40 | 40 | 40 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 |
| 86 | 109 | 126 | 133 | 147 | 101 | 71 | 45 | -15 | -43 | -74 | -78 |
Current Liabilities Current LiabilitiesCr | 79 | 122 | 202 | 130 | 124 | 155 | 169 | 159 | 173 | 239 | 248 | 251 |
Non Current Liabilities Non Current LiabilitiesCr | 9 | 7 | 25 | 139 | 111 | 100 | 65 | 56 | 64 | 22 | 18 | 16 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 58 | 79 | 177 | 263 | 152 | 118 | 145 | 108 | 98 | 125 | 172 | 127 |
Non Current Assets Non Current AssetsCr | 156 | 199 | 215 | 211 | 302 | 310 | 233 | 225 | 196 | 166 | 92 | 89 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 17 | 32 | -56 | -65 | -44 | 79 | -3 | 5 | 2 | -2 | -1 |
Investing Cash Flow Investing Cash FlowCr | -5 | -50 | -29 | -150 | 137 | 20 | 9 | 4 | -3 | 6 | 4 |
Financing Cash Flow Financing Cash FlowCr | -8 | 14 | 90 | 201 | -93 | -98 | -7 | -9 | 1 | -4 | 0 |
|
Free Cash Flow Free Cash FlowCr | 72 | 33 | -55 | -67 | -52 | 73 | -3 | 6 | -1 | -3 | -1 |
| 58.6 | 100.5 | -323.6 | 49.6 | -484.3 | -172.6 | 9.3 | -21.3 | -3.3 | 7.3 | 2.7 |
CFO To EBITDA CFO To EBITDA% | 36.5 | 55.9 | -113.3 | 38.0 | -155.0 | 240.5 | 21.9 | -43.4 | -6.3 | 25.8 | 65.2 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 412 | 658 | 337 | 505 | 547 | 48 | 46 | 57 | 27 | 22 | 15 |
Price To Earnings Price To Earnings | 14.9 | 21.4 | 57.5 | 0.0 | 60.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Price To Sales Price To Sales | 1.6 | 2.1 | 1.1 | 2.3 | 1.9 | 0.2 | 0.4 | 0.8 | 0.4 | 0.4 | 0.2 |
Price To Book Price To Book | 3.3 | 4.4 | 2.4 | 2.5 | 2.5 | 0.3 | 0.3 | 0.5 | 0.5 | 0.7 | -8.3 |
| 8.6 | 11.8 | 9.4 | -2.6 | 22.5 | 4.5 | -11.4 | -11.7 | -4.3 | -18.7 | -112.0 |
Profitability Ratios Profitability Ratios |
| 99.6 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| 20.5 | 20.2 | 16.3 | -77.2 | 12.5 | 16.1 | -17.1 | -23.6 | -54.4 | -16.6 | -2.5 |
| 12.8 | 11.2 | 5.7 | -59.2 | 4.0 | -22.4 | -40.2 | -48.1 | -104.3 | -58.4 | -61.5 |
| 34.2 | 27.7 | 13.4 | -50.1 | 9.6 | -5.2 | -0.5 | -5.7 | -31.3 | -8.6 | -4.8 |
| 23.1 | 21.7 | 10.4 | -64.3 | 4.2 | -26.6 | -21.1 | -21.7 | -106.8 | -94.0 | 1,727.1 |
| 13.6 | 11.6 | 4.4 | -27.8 | 2.0 | -10.7 | -8.0 | -7.7 | -20.6 | -9.5 | -11.7 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
MT Educare Ltd, established in 1988, is a leading Indian education support and coaching services provider, specializing in school-level academic coaching and competitive exam preparation. A subsidiary of **Zee Learn Ltd** and part of the **Essel Group**, the company is headquartered in **Mumbai, Maharashtra**, and has evolved over **35 years** from a single classroom into one of the most trusted names in the K–12 coaching sector across India.
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### **Operational Presence & Network**
As of **September 2025**:
- Operates **62 coaching centers** nationwide, with **15 centers run through franchise partnerships**.
- Presence spans **three states/union territories**, including **Maharashtra, Punjab**, and parts of Western India, covering both **metro and regional areas**.
- Previously reported **67 centers in 2024**, indicating a recent consolidation or operational rationalization strategy.
- The company follows an **asset-light operational model**, exploring a shift from its traditional **Classroom-on-Own-Premises (COCO)** model to **Franchise-Owned/Operated (FOFO/FOCO)** models to enhance scalability and reduce fixed costs.
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### **Academic Offerings & Target Segments**
MT Educare provides structured coaching programs across multiple academic levels and streams:
#### **Core Coaching Programs**
1. **Mahesh Tutorials Science (MTS):**
- Focuses on **Standards 11th and 12th (Science stream)**.
- Prepares students for **board exams (HSC, CBSE, ICSE)** and **entrance exams** including **CET, NEET, IIT-JEE**, and other state-level engineering/medical tests.
- Emphasizes **experienced faculty**, **result-oriented study material**, and **intensive test series**.
2. **Grades 9–10 Coaching:**
- Offers curriculum-aligned coaching for **State Board (especially Maharashtra), CBSE, and ICSE**.
- Builds strong foundational knowledge for future competitive exam preparation.
3. **MT Lakshya:**
- An **integrated coaching program** for **Classes 11–12**, simultaneously preparing students for **HSC board exams** and **engineering/medical entrance exams**.
- Focuses on holistic academic development and performance optimization.
4. **Commerce Stream & Professional Courses:**
- Provides coaching for **Commerce students (11th–12th)** targeting **CA, CS, and MBA**.
- Offers dedicated **CA exam preparation** for **CPT, Intermediate, and Final levels**, delivered by **Chartered Accountants and industry professionals**.
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### **Early Academic Intervention & Talent Development**
MT Educare emphasizes early identification and nurturing of academic talent:
- **Aarohan Program:**
- Introduces students as early as **Class 8** to **competitive exam preparation** for **NEET, IIT-JEE, NTSE, KVPY, and Olympiads**.
- Focuses on building strong **conceptual understanding and analytical skills** at a foundational stage.
- **Talent Hunt Initiatives:**
- **Aakar**: School-based talent identification for younger students.
- **Aarambh**: Focuses on identifying high-potential **Science 10+2 students**.
- Exceptional performers in these programs receive **scholarships**, regardless of socio-economic background.
- **Annual Recognition Events:**
- Hosts **AFAE (Awards for Academic Excellence)** and **Convergence** to recognize and celebrate top-performing students and educators nationwide.
---
### **Technology-Driven Learning and Digital Transformation**
MT Educare is a pioneer in integrating technology into classroom teaching:
- **Robomate+:**
- A **curriculum-based mobile learning app**, described as the **world’s largest of its kind**.
- Features include **interactive conceptual videos, adaptive learning, collaborative tools, online tests, notes, and doubt-resolution systems**.
- Functions as a **24/7 learning management system**, providing continuous academic support.
- **Digital Transition & Hybrid Learning:**
- Originally a **brick-and-mortar (COCO) model**, the company successfully pivoted to **online delivery during the pandemic** using **Zoom, Microsoft Teams, and its TAT (Technology-Aided Teaching) system**.
- Now adopting a **hybrid/blended learning approach**, combining **live online classes with offline instruction**.
- A dedicated team is focused on **scaling Robomate+** and enhancing digital marketing to boost enrollments.
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### **Corporate Structure & Subsidiaries**
MT Educare Ltd has a diversified corporate structure with wholly-owned subsidiaries supporting its educational ecosystem (as of 2020):
1. **Robomate Edutech Private Limited** – Technology-driven education delivery.
2. **Lakshya Forum for Competitions Private Limited** – Coaching for entrance exams; highest turnover and profitability among subsidiaries.
3. **Chitale's Personalised Learning Private Limited**
4. **MT Education Services Private Limited**
Additionally, **Labh Ventures India Private Limited** (wholly-owned) supports real estate acquisitions and leasing, aligning with its physical expansion strategy.
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### **Financial Performance & Business Resilience**
- **FY22 Financials (as of Aug 2022):**
- Revenue declined from **₹11,308 lakhs (FY21)** to **₹6,803 lakhs (FY22)** due to pandemic-related disruptions and **sharp enrollment drop**.
- Served **12,965 students** in FY22.
- Recovered **₹863.7 lakhs** from government education projects.
- **Recovery & Expansion:**
- Reopened **51 centers in Mumbai and one in Patiala**.
- Expanded via **3 new franchises** in **Ajmer, Jodhpur, and Ranchi** (in partnership with EKAM).
- Collaborated with **four financing institutions** to improve fee collection and accessibility.
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### **Strategic Focus Areas (2023–2025)**
- **Retention of experienced faculty** and **empowerment of teaching staff**.
- **Strengthening digital marketing** to drive student enrollment.
- **Scaling digital platforms**, particularly **Robomate+**, to support hybrid and fully online learning.
- **Focus on outcome-based teaching methodologies**, personalized attention, and adaptive learning.
- **Expanding franchise network** in new geographies while maintaining academic standards.
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