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Jun 21, 2010

Everonn Education Ltd - 532876

 

 

Name of Company

Everonn Education Ltd

BSE Code

532876

NSE Code

EVERONN

ICICI Code

Established

1993

My Take

Like

Headquarters

Promoters

Story

Sector

Services

Sub-sector

Education

Website

http://www.everonn.com/

Positives

With 20% NPM, 15 times EPS seems reasonable. (635 Cr market cap for a 43 Cr annual profit in FY10). Reserves at 243 Cr in FY10 when the annual revenue was 210 Cr is good. 48 Cr was the loan in FY09. Probably in FY10, the loan was around 100 Cr.

Negatives

52 week low is at Rs 279. Promoters have pledged some of their shares (but it is small – 3% of total). Promoters hold only 26 % stake.

Peers

Educomp

News

Price @ blogged

420 (20-Jun-10)

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