Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹17 Cr.
Stock P/E
23.9
P/B
7.5
Current Price
₹28
Book Value
₹ 3.7
Face Value
1
52W High
₹31.8
52W Low
₹ 12.8
Dividend Yield
0%

Humming Bird Edu. Overview

Business

Humming Bird Education Ltd. (HBEL) is an Indian educational services company primarily engaged in organizing and conducting Olympiads for school students across various subjects like Science, Mathematics, English, Cyber, and General Knowledge. Beyond Olympiads, the company publishes and sells educational books, workbooks, and other study materials that complement its competitive examinations and align with school curricula. Its core business model involves partnering with schools across India, which act as facilitators for student enrollment and examination centers.

Revenue Mix

HBEL's revenue streams are primarily derived from:

Olympiad Examination Fees: The dominant source, generated from student registrations for the various Olympiads conducted by the company.

Publication Sales: Revenue from the sale of preparatory books, guides, and educational materials.

While specific financial breakdowns are not publicly detailed without deep financial analysis, Olympiad examination fees are understood to constitute the majority of its revenue.

Industry

The Indian educational institutions sector, particularly in K-12 supplementary education and competitive exam preparation, is highly fragmented. It comprises numerous regional and national players, including coaching institutes, test preparation companies, traditional publishers, and a rapidly expanding segment of ed-tech platforms. HBEL operates within the niche of school-level Olympiads and associated publishing. It has established a significant network of partner schools across India, positioning itself as a recognized participant in this specific segment, competing with other Olympiad organizers and general educational content providers.

MOAT

Brand Recognition: HBEL has built a recognizable brand within the Indian school ecosystem for conducting Olympiads, fostering trust and repeat partnerships with schools.

School Network: Its extensive network of affiliated schools provides a distribution channel and a moderate switching cost for schools due to established processes and relationships.

Operational Scale: The ability to efficiently conduct large-scale examinations across numerous schools offers some logistical and operational advantage within its niche.

Proprietary Content: Development of specific question banks and study materials tailored for its Olympiads provides some degree of differentiation.

Growth Drivers

Rising Demand for Assessments: Increasing parental and student awareness of the importance of competitive exams and skill assessments beyond regular schooling.

National Education Policy (NEP): Emphasis on holistic development and skill-based learning under NEP could indirectly boost demand for external assessments like Olympiads.

Geographic Expansion: Further penetration into untapped markets, especially Tier 2 and Tier 3 cities, by onboarding more schools.

Digital Transformation: Integration of digital platforms for online assessments, e-books, and virtual learning resources to enhance reach and efficiency.

Diversification of Offerings: Introduction of new subject Olympiads, skill-based tests, or other educational support services.

Risks

Intense Competition: High competition from existing Olympiad organizers, traditional publishers, coaching centers, and rapidly evolving ed-tech companies.

Regulatory Changes: Potential changes in education policies, examination guidelines, or school affiliation norms by government bodies could impact operations.

Reliance on School Tie-ups: The business model heavily depends on successful partnerships and retention of schools. Any disruption in these relationships could significantly affect enrollments.

Reputational Risk: Maintaining the integrity and quality of Olympiads and study materials is crucial. Any perceived lapse in standards or exam conduct could severely damage its brand.

Fee Sensitivity: Economic downturns or increasing competition could lead to pricing pressures, impacting profitability.

Digital Disruption: Failure to adequately adapt to the accelerating shift towards online learning and assessment platforms could challenge its traditional model.

Management & Ownership

Humming Bird Education Ltd. is promoted by Mr. Rupesh Kumar, who serves as the Chairman & Managing Director. The company's strategic direction and day-to-day operations are largely overseen by the promoter group. A significant portion of the company's ownership is typically held by the promoter and promoter group, a common characteristic of smaller, listed Indian enterprises.

Outlook

HBEL holds a niche position in the growing Indian supplementary education market, particularly within school-level Olympiads. Its established school network and brand within this segment provide a foundational advantage. The increasing focus on competitive skills and external assessments offers a favorable environment for growth. However, the company operates in a highly competitive and dynamic sector, necessitating continuous innovation, digital adaptation, and efficient expansion to maintain relevance and market share. Navigating regulatory changes and managing its extensive school network effectively will be crucial for its sustained performance amidst strong competition from both traditional players and emerging ed-tech solutions.

Humming Bird Edu. Share Price

Live · BSE · Inception: 2010
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Humming Bird Edu. Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Humming Bird Edu. Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2 2 1 1 2 6 6
Other Income 0 0 0 0 0 0 1
Total Income 2 3 1 1 3 6 7
Total Expenditure 1 2 1 1 2 6 6
Operating Profit 1 0 -0 -0 0 0 1
Interest 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 -0 0 0 0 0
Profit Before Tax 0 0 -1 -0 0 0 1
Provision for Tax 0 0 -0 0 0 0 0
Profit After Tax 0 0 -1 -0 0 0 1
Adjustments 0 -0 -0 -0 -0 -0 -0
Profit After Adjustments 0 0 -1 -0 0 -0 1
Adjusted Earnings Per Share 0.5 0.4 -1.6 -0.6 0.4 -0.1 0.9

Humming Bird Edu. Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 3 3 2 2 2 2 2
Minority's Interest 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 -0 -0 0 0
Total Current Liabilities 0 0 0 0 0 1 0
Total Liabilities 3 3 2 2 2 3 3
Fixed Assets 0 0 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0 0 2
Total Current Assets 3 3 2 2 2 3 1
Total Assets 3 3 2 2 2 3 3

Humming Bird Edu. Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 3 3 2 2 2 2
Cash Flow from Operating Activities -0 0 -1 -0 0 0 -2
Cash Flow from Investing Activities -0 0 0 0 0 0 -0
Cash Flow from Financing Activities 2 0 -0 0 0 -0 0
Net Cash Inflow / Outflow 2 0 -1 -0 0 0 -2
Closing Cash & Cash Equivalent 3 3 2 2 2 2 0

Humming Bird Edu. Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.53 0.37 -1.55 -0.62 0.43 -0.07 0.89
CEPS(Rs) 0.69 0.57 -1.37 -0.45 0.65 0.16 1.25
DPS(Rs) 0 0.25 0.25 0 0.3 0 0
Book NAV/Share(Rs) 4.8 5.13 3.51 2.93 3.34 2.84 3.73
Core EBITDA Margin(%) 28.35 11.81 -89.69 -51.7 5.35 -1.2 5.8
EBIT Margin(%) 23.34 13.28 -140.86 -53.55 12.61 2.15 13.6
Pre Tax Margin(%) 23.27 13.26 -141.63 -53.65 12.6 2.08 13.58
PAT Margin (%) 17.33 9.39 -134.93 -53.77 11.83 0.84 11.42
Cash Profit Margin (%) 22.33 14.51 -119.26 -39.2 16.35 1.74 12.2
ROA(%) 10.41 6.81 -33.04 -17.66 13.58 1.89 25.41
ROE(%) 11.15 7.38 -36 -19.28 14.95 2.44 35.66
ROCE(%) 15.01 10.44 -37.59 -19.2 15.92 6.24 42.46
Receivable days 2.06 2.13 4.86 1.08 1.79 11.67 14.39
Inventory Days 0 0 0 0 12.04 6.99 7.7
Payable days 0 0 0 0 -112.45 -1766.32 0
PER(x) 24.7 35.52 0 0 59.22 0 103.93
Price/Book(x) 2.75 2.54 3.08 2.42 7.56 13.32 24.91
Dividend Yield(%) 0 1.92 2.31 0 1.19 0 0
EV/Net Sales(x) 2.93 2.14 6.66 4.03 5.75 3.89 9.05
EV/Core EBITDA(x) 10.32 11.65 -9.45 -10.17 33.3 127.71 62.97
Net Sales Growth(%) 0 26.43 -70.54 -1.17 246 128.57 14.2
EBIT Growth(%) 0 -28.06 -413.22 61.9 180.8 -61.43 623.88
PAT Growth(%) 0 -31.52 -524.62 60.05 175.54 -83.9 1451.35
EPS Growth(%) 0 -31.53 -524.74 59.89 168.39 -117.28 1314.11
Debt/Equity(x) 0 0 0 0 0 0 0
Current Ratio(x) 20.64 13.25 12.26 10.45 12.61 3.53 2.22
Quick Ratio(x) 20.64 13.25 12.26 10.45 12.14 3.35 1.84
Interest Cover(x) 314.54 605.11 -183.22 -520.48 0 34.2 580.03
Total Debt/Mcap(x) 0 0 0 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% +82% +25% —
Operating Profit CAGR — — — —
PAT CAGR — — — —
Share Price CAGR 0% -25% +22% —
ROE Average +36% +18% 0% +2%
ROCE Average +42% +22% +2% +5%

Humming Bird Edu. Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 74.88 %
FII 1.81 %
DII (MF + Insurance) 0 %
Public (retail) 23.31 %
# Sep 2022 Dec 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026 Sep 2026
Promoter 74.8874.8874.8874.8874.8874.8874.8874.8874.8874.88
FII 000000001.811.81
DII 0000000000
Public 25.1225.1225.1225.1225.1225.1225.1225.1223.3123.31
Others 0000000000
Total 100100100100100100100100100100

Humming Bird Edu. Peer Comparison

Educational Institutions Edit Columns

Humming Bird Edu. Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

Humming Bird Edu. Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Debtor days have increased from -1766.32 to 0days.
  • Stock is trading at 7.5 times its book value.
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