Educational Institutions · Founded 2011 · www.globaledu.net.in · NSE · ISIN INE291W01037
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Business
Global Education Ltd. operates in the educational institutions sector in India. The company primarily focuses on providing a range of educational services and solutions. Its core business model typically involves offering academic support, test preparation, vocational training, skill development programs, and potentially digital learning solutions to students, professionals, and institutions. The company generates revenue through fees charged for its courses, programs, and services, often through direct student enrollment, partnerships with schools/colleges, or corporate training contracts.
Revenue Mix
While specific revenue breakdowns are not provided, Global Education Ltd.'s operations generally encompass segments such as:
Test Preparation: Coaching for competitive exams (e.g., entrance exams for higher education, government jobs).
Vocational & Skill Development: Programs aimed at enhancing employability and specific industry skills.
Higher Education Support: Services like curriculum design, faculty training, and student placement assistance for colleges and universities.
Digital Learning: Development and delivery of online courses, e-learning platforms, and digital content.
Assessment Services: Conducting examinations and providing evaluation services.
Industry
The Indian education industry is vast and diverse, characterized by a mix of highly fragmented local players and a growing number of organized national and regional institutions, especially in test preparation and vocational training. The sector is increasingly seeing consolidation and the emergence of significant online ed-tech platforms. Global Education Ltd. likely positions itself as an integrated education service provider, catering to various stages of the learning lifecycle. Its positioning could be based on a combination of physical presence, digital offerings, specific program quality, or strategic institutional partnerships, differentiating it from pure-play coaching institutes or digital content providers.
MOAT
Global Education Ltd.'s competitive advantages, if any, could stem from:
Brand Reputation: A long-standing brand name or strong reputation in specific geographic regions or for particular programs could attract students and partners.
Proprietary Content/Methodology: Unique curriculum, teaching methodologies, or assessment tools that deliver superior outcomes.
Institutional Relationships: Deep and established partnerships with educational institutions or corporate clients, creating a steady stream of business.
Regulatory Accreditations: Specific licenses or accreditations for vocational training or higher education programs that create barriers to entry for new players.
Scale (in specific niches): Achieving a certain scale in a particular segment (e.g., test prep for a specific exam) could lead to cost efficiencies or wider reach.
Growth Drivers
Key factors that can drive Global Education Ltd.'s growth over the next 3-5 years include:
Demographic Dividend: India's large youth population and increasing aspiration for higher education and better job prospects.
Skill Gap: Persistent demand for skilled workforce and vocational training programs to bridge the industry-academia gap.
Government Initiatives: Policies like the National Education Policy (NEP) and "Skill India" mission creating opportunities for private sector participation.
Digital Adoption: Growing acceptance and demand for online learning, requiring companies to expand their digital offerings and reach.
Expansion & Partnerships: Geographic expansion into new regions and strategic collaborations with educational institutions, corporates, or ed-tech platforms.
Risks
Global Education Ltd. faces several key risks:
Intense Competition: Highly fragmented market with increasing competition from well-funded ed-tech startups, established coaching chains, and public sector institutions.
Regulatory Changes: Evolving government policies in education, accreditation norms, fee structures, and curriculum requirements could impact operations.
Technological Disruption: Rapid advancements in ed-tech and AI requiring continuous investment and adaptation to stay relevant.
Reputational Risk: Any decline in teaching quality, ethical issues, or poor student outcomes could severely damage the brand.
Talent Acquisition & Retention: Challenges in attracting and retaining qualified faculty, trainers, and instructional designers.
Economic Downturn: A significant economic slowdown could reduce discretionary spending on education and training programs.
Management & Ownership
Global Education Ltd. is promoted by its founders, who typically hold a significant stake in the company, aligning their interests with long-term growth. The management team's quality would depend on their experience in the education sector, track record of navigating industry changes, and ability to execute strategic initiatives. Ownership structure is usually characterized by a substantial promoter holding, alongside institutional investors and public shareholders, reflecting confidence in the company's future.
Outlook
Global Education Ltd. operates in a structurally growing sector in India, driven by robust demand for quality education and skill development. The company has potential to capitalize on the demographic tailwinds and increasing digitalization of education. However, it faces formidable competition from both traditional players and innovative ed-tech companies. Success will hinge on its ability to effectively scale its operations, adapt to technological advancements, maintain high-quality educational outcomes, and navigate the evolving regulatory landscape, while carefully managing its cost structure and avoiding intense price wars.
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 19 | 15 | 26 | 17 | 17 | 15 | 28 | 29 | 24 | 14 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 19 | 15 | 26 | 17 | 17 | 15 | 28 | 29 | 24 | 14 |
| Total Expenditure | 10 | 7 | 11 | 10 | 9 | 9 | 17 | 19 | 13 | 8 |
| Operating Profit | 9 | 9 | 15 | 7 | 8 | 6 | 11 | 10 | 12 | 6 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 8 | 8 | 14 | 6 | 6 | 5 | 9 | 9 | 10 | 5 |
| Provision for Tax | 2 | 2 | 3 | 2 | 1 | 1 | 3 | 2 | 2 | 1 |
| Profit After Tax | 6 | 6 | 11 | 4 | 5 | 4 | 7 | 7 | 8 | 4 |
| Adjustments | -0 | 1 | 0 | 2 | -1 | 0 | 1 | 0 | 0 | -0 |
| Profit After Adjustments | 5 | 7 | 11 | 6 | 4 | 4 | 7 | 7 | 8 | 4 |
| Adjusted Earnings Per Share | 1 | 1.4 | 2.1 | 1.2 | 0.8 | 0.8 | 1.5 | 1.3 | 1.6 | 0.7 |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 32 | 30 | 26 | 39 | 62 | 74 | 72 | 94 | 95 |
| Other Income | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 0 |
| Total Income | 34 | 32 | 28 | 41 | 64 | 77 | 75 | 97 | 95 |
| Total Expenditure | 21 | 20 | 15 | 23 | 28 | 30 | 37 | 58 | 57 |
| Operating Profit | 12 | 12 | 13 | 18 | 37 | 46 | 38 | 39 | 39 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 3 | 3 | 4 | 6 | 4 | 4 | 4 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 10 | 9 | 11 | 15 | 30 | 45 | 37 | 35 | 33 |
| Provision for Tax | 3 | 3 | 3 | 4 | 8 | 11 | 9 | 9 | 8 |
| Profit After Tax | 7 | 7 | 8 | 11 | 23 | 34 | 28 | 26 | 26 |
| Adjustments | -0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit After Adjustments | 7 | 7 | 8 | 11 | 23 | 34 | 28 | 27 | 26 |
| Adjusted Earnings Per Share | 1.4 | 1.3 | 1.5 | 2.1 | 4.4 | 6.6 | 5.5 | 5.2 | 5.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 31% | 15% | 29% | 0% |
| Operating Profit CAGR | 3% | 2% | 25% | 0% |
| PAT CAGR | -7% | 4% | 27% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 121% | 24% | 73% | NA% |
| ROE Average | 22% | 31% | 32% | 29% |
| ROCE Average | 29% | 41% | 43% | 40% |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 25 | 30 | 37 | 47 | 65 | 89 | 110 | 131 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -0 | -0 | -0 | -0 | -1 | -1 | -1 | -1 |
| Total Current Liabilities | 9 | 7 | 4 | 5 | 8 | 8 | 6 | 9 |
| Total Liabilities | 34 | 36 | 41 | 52 | 73 | 96 | 115 | 139 |
| Fixed Assets | 3 | 4 | 3 | 16 | 13 | 12 | 14 | 18 |
| Other Non-Current Assets | 1 | 5 | 5 | 1 | 20 | 28 | 46 | 64 |
| Total Current Assets | 31 | 28 | 33 | 34 | 39 | 56 | 55 | 57 |
| Total Assets | 34 | 36 | 41 | 52 | 73 | 96 | 115 | 139 |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 9 | 13 | 1 | 1 | 4 | 9 | 8 | 5 |
| Cash Flow from Operating Activities | 2 | -3 | -1 | 21 | 26 | 22 | 24 | 18 |
| Cash Flow from Investing Activities | 4 | -7 | 2 | -14 | -16 | -13 | -20 | -13 |
| Cash Flow from Financing Activities | -2 | -2 | -1 | -4 | -4 | -10 | -7 | -5 |
| Net Cash Inflow / Outflow | 4 | -11 | -1 | 3 | 6 | -1 | -3 | -1 |
| Closing Cash & Cash Equivalent | 13 | 1 | 1 | 4 | 9 | 8 | 5 | 5 |
| # | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.36 | 1.3 | 1.55 | 2.13 | 4.44 | 6.65 | 5.54 | 5.21 |
| CEPS(Rs) | 1.81 | 1.84 | 2.05 | 2.9 | 5.67 | 7.47 | 6.22 | 6.09 |
| DPS(Rs) | 0.24 | 0.2 | 0.2 | 0.6 | 1 | 2 | 1.2 | 1 |
| Book NAV/Share(Rs) | 4.94 | 5.94 | 7.28 | 9.18 | 12.83 | 17.48 | 21.61 | 25.81 |
| Core EBITDA Margin(%) | 32.77 | 34.44 | 41.99 | 42.12 | 55.45 | 58.98 | 48.2 | 38.14 |
| EBIT Margin(%) | 31.96 | 32.18 | 41.75 | 37 | 48.92 | 60.34 | 51.16 | 37.53 |
| Pre Tax Margin(%) | 31.34 | 31.01 | 41.01 | 36.99 | 48.9 | 60.32 | 51.15 | 37.53 |
| PAT Margin (%) | 22.05 | 22.24 | 30.27 | 27.54 | 36.44 | 45.35 | 38.86 | 28.23 |
| Cash Profit Margin (%) | 29.15 | 31.2 | 40.06 | 37.41 | 46.58 | 51.18 | 43.82 | 33 |
| ROA(%) | 20.39 | 18.87 | 20.39 | 23.49 | 36.34 | 39.95 | 26.64 | 20.89 |
| ROE(%) | 27.67 | 24.06 | 23.4 | 25.92 | 40.32 | 43.69 | 28.23 | 21.95 |
| ROCE(%) | 40.1 | 34.82 | 32.27 | 34.81 | 54.13 | 58.12 | 37.17 | 29.17 |
| Receivable days | 70.82 | 76.33 | 158.35 | 125.58 | 74.42 | 100.75 | 139.33 | 137.58 |
| Inventory Days | 1.49 | 2.62 | 6.38 | 6.76 | 4.33 | 3.78 | 7.41 | 8.71 |
| Payable days | 68.23 | 98.11 | 321 | 491.92 | 173.7 | 135.93 | 64.32 | 48.52 |
| PER(x) | 6.1 | 4.97 | 1.71 | 6.52 | 14 | 13.85 | 7.54 | 17.82 |
| Price/Book(x) | 1.68 | 1.08 | 0.36 | 1.51 | 4.84 | 5.27 | 1.93 | 3.6 |
| Dividend Yield(%) | 2.94 | 3.03 | 7.37 | 4.32 | 1.61 | 2.17 | 2.87 | 1.08 |
| EV/Net Sales(x) | 0.93 | 1.04 | 0.49 | 1.7 | 4.95 | 6.19 | 2.87 | 4.98 |
| EV/Core EBITDA(x) | 2.38 | 2.54 | 0.95 | 3.62 | 8.39 | 9.98 | 5.45 | 12.13 |
| Net Sales Growth(%) | 0 | -5.03 | -13.24 | 51.5 | 57.31 | 19.89 | -2.73 | 29.85 |
| EBIT Growth(%) | 0 | -4.38 | 12.56 | 34.25 | 107.98 | 47.89 | -17.53 | -4.75 |
| PAT Growth(%) | 0 | -4.24 | 18.12 | 37.85 | 108.13 | 49.21 | -16.66 | -5.66 |
| EPS Growth(%) | 0 | -4.78 | 19.43 | 37.85 | 108.2 | 49.72 | -16.65 | -5.94 |
| Debt/Equity(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio(x) | 3.34 | 4.23 | 8.19 | 6.42 | 4.72 | 7.02 | 8.56 | 6.48 |
| Quick Ratio(x) | 3.32 | 4.18 | 8.04 | 6.26 | 4.64 | 6.9 | 8.25 | 6.2 |
| Interest Cover(x) | 51.43 | 27.32 | 56.34 | 3737.92 | 3031.93 | 3799.87 | 7111.25 | 0 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 70.94 | 70.94 | 71.24 | 71.73 | 72 | 72 | 72.5 | 72.73 | 72.73 | 72.73 |
| FII | 0.07 | 0 | 0 | 0.08 | 0 | 0.03 | 0.45 | 0.4 | 0.03 | 0.03 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0.06 | 0.06 | 0.08 | 0.08 |
| Public | 29 | 29.06 | 28.76 | 28.18 | 28 | 27.97 | 26.99 | 26.81 | 27.16 | 27.17 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.44 | 1.44 | 3.63 | 3.65 | 3.66 | 3.66 | 3.69 | 3.7 | 3.7 | 3.7 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0.02 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.59 | 0.59 | 1.46 | 1.43 | 1.43 | 1.42 | 1.37 | 1.36 | 1.38 | 1.38 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2.04 | 2.04 | 5.09 | 5.09 | 5.09 | 5.09 | 5.09 | 5.09 | 5.09 | 5.09 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +31% | +15% | +29% | — |
| Operating Profit CAGR | +3% | +2% | +25% | — |
| PAT CAGR | -7% | +4% | +27% | — |
| Share Price CAGR | +121% | +24% | +73% | — |
| ROE Average | +22% | +31% | +32% | +29% |
| ROCE Average | +29% | +41% | +43% | +40% |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 70.94 | 70.94 | 71.24 | 71.73 | 72 | 72 | 72.5 | 72.73 | 72.73 | 72.73 |
| FII | 0.07 | 0 | 0 | 0.08 | 0 | 0.03 | 0.45 | 0.4 | 0.03 | 0.03 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0.06 | 0.06 | 0.08 | 0.08 |
| Public | 29 | 29.06 | 28.76 | 28.18 | 28 | 27.97 | 26.99 | 26.81 | 27.16 | 27.17 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.44 | 1.44 | 3.63 | 3.65 | 3.66 | 3.66 | 3.69 | 3.7 | 3.7 | 3.7 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0.02 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.59 | 0.59 | 1.46 | 1.43 | 1.43 | 1.42 | 1.37 | 1.36 | 1.38 | 1.38 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2.04 | 2.04 | 5.09 | 5.09 | 5.09 | 5.09 | 5.09 | 5.09 | 5.09 | 5.09 |
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