Navneet Education Limited Buyback 2024
1. About: Navneet Education Limited operates primarily in the education sector, focusing on publishing and stationery products. Navneet Education Limited operates through a B2B and B2C business model, supplying educational materials and stationery products to schools, educational institutions, retail outlets, and directly to consumers through various distribution channels.
2. Products and Services:
(a)Educational Books: The company publishes textbooks, reference books, workbooks, and guides for various state boards and competitive exams.
(b)General Books: Navneet produces children’s books, activity books, and leisure reading literature.
(c)Stationery Products: They offer a wide range of paper stationery including notebooks, long books, drawing books, and diaries.
3. Branches and Reach: Navneet has a strong presence across India with multiple branches and a robust distribution network, ensuring wide reach and availability of its products in various regions.
4. Achievements: The company is recognized for its quality educational content and has won several awards for its publications and innovations in the education sector. Navneet is one of the leading educational publishers in India with a significant market share in the state board exam preparatory books.
5. Innovation and Expansion: Navneet has continuously innovated by incorporating digital content and solutions, catering to the evolving educational needs. The company has also expanded its product portfolio to include a variety of stationery items, maintaining a strong presence in both the educational publishing and stationery markets.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Aug 13 2024 |
| Buyback Opening Date: | Aug 20 2024 |
| Buyback Closing Date: | Aug 26 2024 |
| Buyback Offer Amount: | ₹ 100 Cr. |
| Date of Board Meeting approving the proposal: | Aug 01 2024 |
| Date of Public Announcement: | Aug 01 2024 |
| Buyback Offer Size: | 2.21% |
| Buyback Number of Shares: | 50,00,000 |
| Buyback Price: | ₹ 200 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars (In Cr) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| Sales + | 1,442 | 1,496 | 832 | 1,112 | 1,694 |
| Expenses + | 1,170 | 1,180 | 744 | 1,017 | 1,403 |
| Operating Profit | 272 | 315 | 88 | 94 | 291 |
| OPM % | 19% | 21% | 11% | 8% | 17% |
| Other Income + | 23 | 22 | 59 | 98 | 79 |
| Interest | 17 | 19 | 11 | 7 | 13 |
| Depreciation | 33 | 47 | 47 | 50 | 58 |
| Profit before tax | 245 | 272 | 89 | 135 | 298 |
| Tax % | 38% | 27% | 37% | 45% | 32% |
| Net Profit + | 153 | 197 | 56 | 74 | 204 |
| EPS in Rs | 6.68 | 8.62 | 2.44 | 3.34 | 9.04 |
| Dividend Payout % | 15% | 35% | 41% | 45% | 29% |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 165000 | 165000 | 165000 | 165000 |
| No. of Shares Buyback | 330 | 500 | 750 | 1000 |
| Buyback Profit | 11550 | 17500 | 26250 | 35000 |
| Profit% | 7.00% | 10.61% | 15.91% | 21.21% |
9 Comments
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AR is 198/1050 in my case. 18.86%. Not bad.
Any estimate on likely ER and AR?
ER: 88/1050 n 57/680 in our two accounts. Unsatisfactory ER. All the best to all of you.
Buyback Alert!!!
Company- Navneet Education
Issue Type- Tender
Buyback Price- Rs. 200 Per Share
Last Closing Price- Rs. 163 Per Share
Buyback Size- 50,00,000 Shares
Buyback Size in value- Rs. 100 Crore
Record date- 13th August
Last date to buy Share- 12th August
Premium to CMP- 23%
By far this looks better to me,although not very exciting
Gopiji, What do you think about this company for the next 2 quarters?
I had 544 in this beauty. Sold 244 today when it hit life time high and booked profit. I prefer to live in the present and immediate future which looks good for Navneet. Thank you Yash ji. Good luck to all members.
Company dividend this qua 2.60
What is view on this
Current Price is 166