Navneet Education Limited · NSE:NAVNETEDUL
Navneet Education — Q4 FY24 Earnings Presentation
27 slides from Navneet Education's earnings presentation, May 22, 2024
Slide 1: Presentation on Q4 FY24 and financial year ended 31 March 2024
NEL/018/2024 Date: 22nd May, 2024 The Secretary Corporate Relationship Department National Stock Exchange of India Ltd. Bombay Stock Exchange Ltd. Exchange Plaza, 5th Floor, Plot No. C/1, 1st Floor, New Trading Ring, 'G' Block, Bandra-Kurla Complex, Rotunda Building, P. J. Towers, Bandra (East), Mum
Slide 2: Building on a Strong Foundation
BUILDING ON NAVNEET EDUCATION LIMITED Investor Presentation A STRONG May 2024 FOUNDATION
Slide 3: Safe Harbour
SAFE HARBOUR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Navneet Education Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any se
Slide 4: Standalone & Consolidated Financial Highlights Q4 & FY24
Standalone & Consolidated Financial Highlights Q4 & FY24
Slide 5: Management Commentary – FY24
MANAGEMENT COMMENTARY – FY24 Performance Highlights, Mr. Gnanesh (Sunil) Gala, Managing Director: “In FY24, our revenue stood at Rs. 1,693 crores, reflecting a growth of 3.5% year-on-year. This growth is attributable to a 7% increase in our domestic stationery segment and a 4% increase in our export
Slide 6: Standalone Performance Highlights – Q4 FY24
STANDALONE PERFORMANCE HIGHLIGHTS – Q4 FY24 Revenue from Operations (Rs. In Crores) EBITDA (Rs. In Crores) Profit After Tax (Rs. In Crores)* 60 28 361 385 32 Q4 FY23 Q4 FY24 -18 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 EBITDA Margin PAT Margin 15.5% 7.6% 8.9% Q4 FY23 Q4 FY24 -4.6% Q4 FY23 Q4 FY24 * Q4FY24 -
Slide 7: Standalone Performance Highlights – FY24
STANDALONE PERFORMANCE HIGHLIGHTS – FY24 Revenue from Operations (Rs. In Crores) EBITDA (Rs. In Crores) Profit After Tax (Rs. In Crores)* 291 299 193 189 1,636 1,693 FY23 FY24 FY23 FY24 FY23 FY24 EBITDA Margin PAT Margin 17.8% 17.6% 11.8% 11.1% FY23 FY24 FY23 FY24 Note: * FY24 – Includes Rs. 30.23 c
Slide 8: Standalone Segment Performance Highlights Q4 FY24 FY24
STANDALONE SEGMENT PERFORMANCE HIGHLIGHTS Stationery Revenue - Domestic Stationery Revenue - Exports Publications Revenue (Rs. In Crores) (Rs. In Crores) (Rs. In Crores) 103 101 148 150 134 109 Q4 FY24 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 Stationery Revenue - Domestic Stationery Revenue -
Slide 9: Standalone Profit & Loss Account – Q4 & FY24
STANDALONE PROFIT & LOSS ACCOUNT – Q4 & FY24 Profit and Loss (in Rs. Crores) Q4FY24 Q4FY23 YoY FY24 FY23 YoY Revenue from Operations 385 361 6.7% 1,693 1,636 3.5% Cost of Goods Sold 219 226 959 939 Employee Cost 63 61 237 214 Other Expenses 43 42 199 193 EBITDA 60 32 87.1% 299 291 2.7% EBITDA Margin
Slide 10: Standalone Balance Sheet Statement
STANDALONE BALACE SHEET STATEMENT Assets (in Rs. Crores) Mar-24 Mar-23 Equity & Liabilities (in Rs. Crores) Mar-24 Mar-23 Non - Current Assets 716 669 Total Equity 1,372 1,243 Property Plant & Equipments 187 177 Share Capital 45 45 CWIP 2 1 Reserves & Surplus 1,327 1,198 Investment property 0 0 Non-
Slide 11: Standalone Cashflow Statement
STANDALONE CASHFLOW STATEMENT Particulars (Rs. Crs) Mar-24 Mar-23 Net Profit Before Tax 219 274 Adjustments for: Non -Cash Items / Other Investment or Financial Items 87 29 Operating profit before working capital changes 306 303 Changes in working capital 34 -246 Cash generated from Operations 272 5
Slide 12: Working Capital Cycle
WORKING CAPITAL CYCLE 131 124 115 111 107 96 94 92 93 72 62 57 52 54 41 Mar'23 June'23 Sep'23 Dec-23 Mar'24 Receivable Days FG Inventory Days RM Inventory Days Note: on TTM basis 11
Slide 13: Consolidated Performance Highlights – Q4 FY24
CONSOLIDATED PERFORMANCE HIGHLIGHTS – Q4 FY24 Revenue from Operations (Rs. In Crores) EBITDA (Rs. In Crores) Profit After Tax (Rs. In Crores)* 87 48 409 435 60 23 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 EBITDA Margin PAT Margin 19.9% 11.0% 14.6% 5.6% Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 12
Slide 14: Consolidated Performance Highlights – FY24
CONSOLIDATED PERFORMANCE HIGHLIGHTS – FY24 Revenue from Operations (Rs. In Crores) EBITDA (Rs. In Crores) Profit After Tax (Rs. In Crores)* 298 295 252 1,697 1,751 204 FY23 FY24 FY23 FY24 FY23 FY24 EBITDA Margin PAT Margin 17.6% 16.9% 14.4% 12.0% FY23 FY24 FY23 FY24 Note: * FY24 Rs. 30.23 crores is
Slide 15: Consolidated Profit & Loss Account – Q4 & FY24
CONSOLIDATED PROFIT & LOSS ACCOUNT – Q4 & FY24 Profit and Loss (in Rs. Crores) Q4FY24 Q4FY23 YoY FY24 FY23 YoY Revenue from Operations 435 409 6.4% 1,751 1,697 3.2% Cost of Goods Sold 229 234 981 954 Employee Cost 67 65 258 232 Other Expenses 52 51 218 213 EBITDA 87 60 44.7% 295 298 -1.0% EBITDA Mar
Slide 16: Consolidated Profit & Loss Account – FY24
CONSOLIDATED PROFIT & LOSS ACCOUNT – FY24 Revenue from Operations (Rs. In Crores) EBITDA* (Rs. In Crores) PAT (Rs. In Crores) Particulars FY24 FY23 FY24 FY23 FY24 FY23 NEL 1,693 1,636 313 306 207 193 NFL (eSense) 4 2 0 0 0 # Indiannica 59 65 0 9 -10 0 NLLP 0 0 # # # # NHKL 21 7 1 0 1 0 N.Tech Ventur
Slide 17: Consolidated Balance Sheet Statement
CONSOLIDATED BALANCE SHEET STATEMENT Assets (in Rs. Crores) Mar-24 Mar-23 Equity & Liabilities (in Rs. Crores) Mar-24 Mar-23 Non - Current Assets 640 602 Total Equity 1,293 1,150 Property Plant & Equipments 187 177 Share Capital 45 45 CWIP 2 1 Reserves & Surplus 1,248 1,105 Intangible assets 51 54 N
Slide 18: Consolidated Cash Flow Statement
CONSOLIDATED CASH FLOW STATEMENT Particulars (Rs. Crores) Mar-24 Mar-23 Net Profit Before Tax 291 298 Adjustments for: Non -Cash Items / Other Investment or Financial Items 12 11 Operating profit before working capital changes 303 309 Changes in working capital -68 -264 Cash generated from Operation
Slide 19: Navneet Education Limited - A Panoramic View
Navneet Education Limited - A Panoramic View Navneet Education Limited is a leading educational syllabus-based provider that offers high-quality content across both print and digital mediums. With over 60 years of experience as an educational publisher and stationery manufacturer, the Company enjoys
Slide 20: Product Offerings
PRODUCT OFFERINGS Navneet Education Limited Content Stationery Supplementary CBSE Non-Curriculum Curriculum Books* Books Paper Non-Paper Textbooks* (Maharashtra & (PAN India) (PAN-India & Stationery Stationery Gujarat) Exports) *Also Includes Digital Content PAN-India Exports PAN-India 19
Slide 21: Domestic Presence – Publication & Stationery Business
DOMESTIC PRESENCE – PUBLICATION & STATIONERY BUSINESS Supplementary Books : Maharashtra & Gujarat Text-Books : Pan India & Sri Lanka* Stationery : Pan India Digital Presence • Maharashtra • Andhra Pradesh • Karnataka • Chhattisgarh • Utter Pradesh • Punjab Note: Maps not to scale. All data, informat
Slide 22: Prominent Supplier of Scholastic & Office Stationery Products
PROMINENT SUPPLIER OF SCHOLASTIC & OFFICE STATIONERY PRODUCTS Our portfolio encompasses an array of stationery products catering to academic and non-academic segments, including global exports. Through our unique offerings, we establish and reinforce our brand’s essence within the educational landsc
Slide 23: Building a Strong Global Presence
BUILDING A STRONG GLOBAL PRESENCE FY24 - Revenue Breakup of Stationery Business 10 11 9 1 41% 12 14 13 2 15 59% 16 3 7 25 4 6 5 29 18 17 8 30 31 26 28 19 27 Export Domestic 20 21 22 Export to 30+ countries globally 23 • Canada • Ireland • Ethiopia • U.A.E. 24 • USA • Norway • Kenya • Trinidad & Toba
Slide 24: State of the Art Manufacturing Facilities
STATE OF THE ART MANUFACTURING FACILITIES Achieving lean and efficient manufacturing to drive transition • The Company has always been ahead of the curve in its pursuit of operational excellence. Sayali Village, Silvassa, • Manufacturing capital for the Company is using its assets to effectively pro
Slide 25: Investments by Navneet Group
~ Investments by Navneet NAVNEET Group • K12 Techno Services • SFA Sporting Services • Carveniche Technologies • Elation Edtech
Slide 26: Investments by Navneet Group
INVESTMENTS BY NAVNEET GROUP Link to Company’s Website – Click Here Link to Company’s Website - Click Here Link to Company’s Website - Click Here Link to Company’s Website - Click Here The K12 education model provides elementary Fully integrated digital plus on-ground multi- education to students fr
Slide 27: Contact Information
Contact Information Company : Navneet Education Limited CIN: L22200MH1984PLC034055 Mr. Roomy Mistry – Investor Relations E: investors@navneet.com T: +91 9819958878 www.navneet.com Investor Relations Advisor : Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Mr. Abhishek Shah / Mr. Prat