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MT Educare Ltd

MTEDUCARE
NSE
1.55
4.03%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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MT Educare Ltd

MTEDUCARE
NSE
1.55
4.03%
29 Apr '26, 4:00 PM
Company Overview
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6M
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Quick Ratios

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Mkt Cap
Market Capitalization
11Cr
Close
Close Price
1.55
Industry
Industry
Miscellaneous
PE
Price To Earnings
PS
Price To Sales
0.29
Revenue
Revenue
39Cr
Rev Gr TTM
Revenue Growth TTM
-16.84%
PAT Gr TTM
PAT Growth TTM
-29.98%
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Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
913141110141212137127
Growth YoY
Revenue Growth YoY%
9.6-31.1-17.0-20.05.49.5-18.610.834.0-50.27.5-42.2
Expenses
ExpensesCr
381719515131613101098
Operating Profit
Operating ProfitCr
-29-5-46-51-4-13-33-1
OPM
OPM%
-320.1-37.1-31.258.2-52.24.6-35.2-4.821.1-39.524.6-7.9
Other Income
Other IncomeCr
-1465-812110111
Interest Expense
Interest ExpenseCr
233333334111
Depreciation
DepreciationCr
333223222221
PBT
PBTCr
-49-4-5-7-10-3-9-5-2-52-2
Tax
TaxCr
-2000000011000
PAT
PATCr
-47-5-5-7-10-3-9-5-14-51-2
Growth YoY
PAT Growth YoY%
-278.7-126.610.3-34.278.038.0-77.228.3-31.5-76.0116.360.7
NPM
NPM%
-518.4-37.0-36.3-68.2-108.0-21.0-78.9-44.1-106.0-74.111.9-30.0
EPS
EPS
-6.6-0.7-0.7-1.0-1.4-0.4-1.3-0.7-1.9-0.70.2-0.3

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
227287301223229205755358475039
Growth
Revenue Growth%
12.526.54.9-26.12.7-10.2-63.4-29.49.7-18.76.4-22.2
Expenses
ExpensesCr
180229252394200172886690555237
Operating Profit
Operating ProfitCr
475849-1722833-13-13-32-8-12
OPM
OPM%
20.520.216.3-77.212.516.1-17.1-23.6-54.4-16.6-2.56.3
Other Income
Other IncomeCr
79121521-53815-12442
Interest Expense
Interest ExpenseCr
43142320241711912136
Depreciation
DepreciationCr
916192118432615111096
PBT
PBTCr
414728-20211-39-18-23-63-26-20-7
Tax
TaxCr
121511-7027123-211112
PAT
PATCr
293217-1329-46-30-26-61-28-31-19
Growth
PAT Growth%
40.010.8-46.6-866.8106.9-603.634.215.6-137.854.5-12.137.4
NPM
NPM%
12.811.25.7-59.24.0-22.4-40.2-48.1-104.3-58.4-61.5-49.6
EPS
EPS
7.58.11.5-32.71.3-6.4-4.2-3.5-8.4-3.8-4.3-2.7

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
404040727272727272727272
Reserves
ReservesCr
861091261331471017145-15-43-74-78
Current Liabilities
Current LiabilitiesCr
79122202130124155169159173239248251
Non Current Liabilities
Non Current LiabilitiesCr
9725139111100655664221816
Total Liabilities
Total LiabilitiesCr
214278392474454428377333294291264261
Current Assets
Current AssetsCr
587917726315211814510898125172127
Non Current Assets
Non Current AssetsCr
1561992152113023102332251961669289
Total Assets
Total AssetsCr
214278392474454428377333294291264261

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
1732-56-65-4479-352-2-1
Investing Cash Flow
Investing Cash FlowCr
-5-50-29-1501372094-364
Financing Cash Flow
Financing Cash FlowCr
-81490201-93-98-7-91-40
Net Cash Flow
Net Cash FlowCr
5-35-1400-11003
Free Cash Flow
Free Cash FlowCr
7233-55-67-5273-36-1-3-1
CFO To PAT
CFO To PAT%
58.6100.5-323.649.6-484.3-172.69.3-21.3-3.37.32.7
CFO To EBITDA
CFO To EBITDA%
36.555.9-113.338.0-155.0240.521.9-43.4-6.325.865.2

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
412658337505547484657272215
Price To Earnings
Price To Earnings
14.921.457.50.060.10.00.00.00.00.00.0
Price To Sales
Price To Sales
1.62.11.12.31.90.20.40.80.40.40.2
Price To Book
Price To Book
3.34.42.42.52.50.30.30.50.50.7-8.3
EV To EBITDA
EV To EBITDA
8.611.89.4-2.622.54.5-11.4-11.7-4.3-18.7-112.0
Profitability Ratios
Profitability Ratios
GPM
GPM%
99.6100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0
OPM
OPM%
20.520.216.3-77.212.516.1-17.1-23.6-54.4-16.6-2.5
NPM
NPM%
12.811.25.7-59.24.0-22.4-40.2-48.1-104.3-58.4-61.5
ROCE
ROCE%
34.227.713.4-50.19.6-5.2-0.5-5.7-31.3-8.6-4.8
ROE
ROE%
23.121.710.4-64.34.2-26.6-21.1-21.7-106.8-94.01,727.1
ROA
ROA%
13.611.64.4-27.82.0-10.7-8.0-7.7-20.6-9.5-11.7
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. --- ### **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. --- ### **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**. --- ### **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. --- ### **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. --- ### **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. --- ### **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. ---