Whalesbook
S Chand ka FY26 ka performance: Revenue 11% up!
S Chand and Company Limited ne FY26 mein kamaal kar dikhaya hai! Pichle saal ke comparison mein revenue 11% badha hai, jo ₹7,987 million ho gaya hai. Company ke projections bhi meet hue hain aur lag raha hai ki recovery achi ho rahi hai.
Profit after tax mein bhi tagda jump aaya hai, 21% badh kar yeh ₹731 million ho gaya. EBITDA margin 18.1% raha, jo 18-20% ke range mein hai. Operating cash flow bhi ₹747 million raha, jiski wajah se board ne ₹4 per share ka interim dividend dene ka faisla kiya hai.
FY26 ka last quarter toh aur bhi zabardast raha, revenue 16% year-on-year badh kar ₹5,478 million ho gaya. Overall, FY26 ka end bahut strong raha.
International acquisition aur Content Licensing bane growth ka engine
Is growth ka ek bada reason hai January 2026 mein ki gayi CPD Singapore Education Services Pte. Limited ki strategic acquisition. Is deal se company ka international presence badha hai aur Singapore, IGCSE, aur IB curricula ke liye naye resources milenge.
Content licensing business toh double se bhi zyada grow hua hai! FY26 mein revenue ₹318 million raha, jo FY25 ke ₹195 million se kaafi zyada hai. Company ka target hai ki FY27 tak licensing revenue ₹400 million ho jaaye, jo unka confidence dikhata hai.
Management ko umeed hai ki FY27 aur FY28 mein bhi revenue grow karta rahega, khaas kar CBSE dwara April 2026 mein announce kiye gaye Classes 9-12 ke naye syllabus ki wajah se.
Financial stability aur valuation
FY26 ke end mein S Chand ki financial position kaafi strong rahi. Net cash balance ₹1,048 million raha aur company net debt-free hai.
P/E ratios mein thoda variation dekha gaya hai, 13.90 se lekar 600.34 TTM tak. Dividend yield lagbhag 2.3% hai.
Ek analyst ne toh "Strong Buy" rating di hai aur price target ₹286 rakha hai, matlab 69% se zyada upside ka chance. Lekin kuch aur analyses mein mixed signals aur stock ki volatility ke karan "Hold" ya "Hold/Accumulate" rating mili hai.
Pichle 3 saalon se company ka dividend payout ratio 19.7% raha hai, haan, pichle 5 saalon mein sales growth thodi slow rahi hai.
Competition aur future outlook
S Chand educational publishing sector mein Navneet Education Ltd. aur DB Corp Ltd. jaise competitors ko takkar deti hai.
Profit growth aur consistent dividend hone ke bawajood, pichle 5 saalon mein sales growth kamzor rahi hai. ICRA ne November 2025 mein S Chand ki rating ko '[ICRA]A (Stable)' tak upgrade kiya tha, margins mein sudhar, working capital management aur steady revenue growth ko dekhte hue.
Risks mein raw material prices ka fluctuate hona, industry fragmentation, digital transformation mein challenges aur regulatory changes shamil hain.
Analysts expect kar rahe hain ki agli do saalon mein revenue 10-13% annual growth dikhayega, jo Media industry ke average growth rate se zyada hoga.