SCHAND - S Chand And Company Limited Share Price

Printing & Publication

₹205.57+3.64(+1.80%)

Market Closed as of Apr 29, 2025, 15:30 IST

What does S Chand And Company Limited do?

Printing & Publication•Media, Entertainment & Publication•Small Cap

S Chand And Company Limited, an education content company, engages in publishing and sale of books in India. It develops and delivers educational materials, including school books, higher academic books, competition and reference books, technical and professional books, and children books. The company provides instructional resources to students from ages four through eighteen years under S Chand, Madhubun, Saraswati, Chhaya, and IPP brands; test preparation, and college and university/technical and professional content under S Chand and Vikas brand names; early learning content for 0-4 years of age under BPI, Smartivity, and Risekids brands; and digital and interactive content. It also offers digital platforms and services, such as Destination Success, Intellitab, Mystudygear, Ignitor, Flipclass, S Chand Academy, TestCoach, Mylestone, Solid Steps, Madhubun Educate360, SmartK, and Learnflix. In addition, the company exports its printed content to approximately 15 countries and digital content to countries in Asia, the Middle East, Africa, and internationally. Further, it provides its products to the end consumers through distributors, retailers, and online sales platforms. S Chand And Company Limited was incorporated in 1970 and is based in New Delhi, India.

Industry Group:Printing & Publication

Employees:1,800

Website:schandgroup.com

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	SCHAND	Printing
PE	15.16	-96.80
PS	1.03	1.54
Growth	9.5 %	-2.5 %

Shareholder Name	Holding %
Himanshu Gupta	17%
Neerja Jhunjhnuwala	11.37%
Dinesh Kumar Jhunjhnuwala	10.91%
Srinivasan Varadarajan	4.56%
Savita Gupta	3.46%
Ankita Gupta	2.59%
Trustline Deep Alpha Aif	2.46%
The Miri Strategic Emerging Markets Fund Lp	2.15%
Blue Daimond Properties Pvt Ltd	1.99%
Gaurav Kumar Jhunjhnuwala	1.68%
Zen Securities Ltd	1.25%

Summary of Latest Earnings Report from S Chand And Co.

Summary of S Chand And Co.'s latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Feb 25

The management of S Chand And Company Limited provided an optimistic outlook during their Q3 FY25 earnings call, emphasizing growth driven by curriculum changes, strategic expansions, and operational efficiency. Key highlights include:

Growth Drivers:

School Segment (85% of revenue): Expected double-digit growth in FY25/FY26 due to adoption of the new National Curriculum Framework (NCF). Content aligned with the revised syllabus (for classes K-3 and 6th so far) positions the company to capitalize on upcoming academic cycles.
Test Prep Expansion: Launching CUET exam preparation (targeting 1.5M+ students) under the TestCoach platform, combining books, digital content, and mock tests.
AI Partnerships: Licensing content to global tech firms for AI/LLM training, generating high-margin revenue (Rs.20Cr+ in FY25).

Financial Performance & Guidance:

9M FY25: Revenue of Rs.1,002M, gross margin >70% (boosted by AI licensing and lower paper costs), reduced EBITDA/PBT losses.
FY25 Targets: Double-digit revenue growth, upgraded EBITDA margin guidance to 17-19% (vs. 16-18%), and focus on becoming net debt-free for three quarters.

Operational Efficiency:

Record-low working capital metrics: 80 receivables days (lowest in 5 years), 152 net working capital days. Net debt reduced to Rs.539M YoY.

Other Highlights:

Paper Costs: Prices rose 10-15% post-Diwali but remain below FY24 levels. Inventory managed strategically for sales season.
Investments: Exploring EdTech/minority stakes but no immediate exits (e.g., Smartivity).
Shareholder Returns: Potential dividends/buybacks to be evaluated post-Q4.

Risks/Monitoring:

NCF rollout pace (full implementation expected by FY27) and government syllabus announcements.
Margin sustainability hinges on AI licensing scalability and volume-driven operating leverage post-curriculum adoption.

The management remains confident in leveraging content leadership, syllabus transitions, and digital monetization for sustained growth.

Q&A Session

Last updated: Feb 25

1. Question: Considering that the company has stated in their presentation that there will be maximum adoption of the syllabus change, what is the expected topline growth for FY26 and FY27?
Answer: The company declined to provide specific topline growth guidance for FY26 and FY27 but reiterated expectations of "strong double-digit growth" linked to the National Curriculum Framework (NCF) adoption. Detailed guidance will be shared during the annual results announcement in May 2025.

2. Question: How many standards have adopted the new syllabus under NCF, and how many more are expected to change?
Answer: Currently, classes K-3 and 6 have adopted the new syllabus. The remaining classes (4, 5, 7"“12) await CBSE's announcement. Full implementation across all grades is anticipated by FY27, contingent on government timelines.

3. Question: If NCF adoption faces delays, will the company still achieve double-digit growth in FY25?
Answer: Management expressed confidence in achieving double-digit revenue growth for FY25 regardless of NCF delays, citing strong momentum in the current sales season and upgraded EBITDA margin guidance of 17"“19%.

4. Question: What is the status of investments in Smartivity, and are there plans for exits or revaluation?
Answer: S Chand holds a minority stake in Smartivity and does not plan to exit soon. A revaluation may occur if Smartivity raises new funding, but no immediate action is expected. The company continues to explore EdTech and print-sector investments.

5. Question: How does NCERT's advisory to schools to use its textbooks impact S Chand?
Answer: NCERT's advisory is non-binding, and schools prioritize content quality and student outcomes. S Chand maintains strong adoption in CBSE/ICSE schools, with NCERT holding ~18"“20% market share. The advisory is not expected to materially affect S Chand's sales.

6. Question: What factors drove the gross margin improvement to 70% in Q3?
Answer: Higher gross margins stemmed from reduced raw material costs (paper prices declined YoY) and high-margin AI content licensing deals. Digital revenues, though smaller, contributed significantly due to their margin profile.

7. Question: How sustainable are revenues from AI-driven content licensing partnerships?
Answer: Licensing deals with global tech firms (for LLM training) include recurring and one-time contracts. S Chand aims to monetize more of its content library, suggesting this vertical could grow but remains dependent on deal structures and demand.

8. Question: Will the company reward shareholders via dividends or buybacks given improved cash flows?
Answer: The Board will evaluate dividend/buyback options post-Q4 results. Prioritizing growth and debt reduction, S Chand aims to be net debt-free for three quarters in FY25.

9. Question: What is the CUET exam prep strategy, and how much investment is allocated?
Answer: S Chand is launching CUET-focused books, mock tests, live classes, and digital support under the TestCoach platform, with a Rs.1.5"“2 crore budget. It targets 1.5 million annual CUET aspirants, blending physical and digital content.

10. Question: When will margins return to pre-COVID levels (~20%)?
Answer: Margins are improving (17"“19% EBITDA guidance for FY25) but reaching pre-COVID levels hinges on volume growth from NCF adoption and stable input costs. Full syllabus implementation could accelerate margin expansion.

Cash Flow for S Chand And Co.

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	50.6%	13	8.97	12
Change in inventories	-48.4%	-18.43	-12.09	5.77
Depreciation	43.2%	12	8.68	8.11
Impairment loss / reversal	-107.1%	0	15	0
Unrealised forex losses/gains	32.9%	-0.02	-0.52	0.27
Adjustments for interest income	-14.7%	5.7	6.51	7.64
Share-based payments	-8.3%	0.09	0.16	0.45
Net Cashflows from Operations	95.8%	48	25	42
Income taxes paid (refund)	1069.6%	3.69	1.23	-1.04
Net Cashflows From Operating Activities	87%	44	24	44
Cashflows used in obtaining control of subsidiaries	-	1.5	0	-3.63
Proceeds from sales of PPE	40.5%	0.5	0.16	1.23
Purchase of property, plant and equipment	-23.7%	8.63	11	3.35
Proceeds from sales of investment property	-	0	0	9.5
Purchase of investment property	-	0	0	15
Interest received	-13.4%	4.61	5.17	5.6
Other inflows (outflows) of cash	253.7%	3.06	-0.34	0
Net Cashflows From Investing Activities	2593.9%	67	3.45	1.89
Proceeds from issuing shares	-	0	0	0.54
Proceeds from exercise of stock options	-455.6%	0.5	0.91	0
Proceeds from borrowings	-105.7%	0.14	16	10
Repayments of borrowings	200%	70	24	33
Payments of lease liabilities	-37.7%	2.34	3.15	4.16
Dividends paid	-	11	0	0
Interest paid	44.5%	12	8.61	11
Net Cashflows from Financing Activities	-390.1%	-94.57	-18.5	-37.26
Net change in cash and cash eq.	97.1%	16	8.61	8.17

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-30%	15	21	27
Change in inventories	29.4%	-19.94	-28.64	10
Depreciation	0%	46	46	42
Unrealised forex losses/gains	1.9%	-0.01	-0.03	0.28
Adjustments for interest income	178.3%	1.18	0.77	0
Share-based payments	-2.7%	0.25	0.27	0.88
Net Cashflows from Operations	45.9%	144	99	121
Interest received	-	0	0	-2.64
Income taxes paid (refund)	29.4%	23	18	12
Net Cashflows From Operating Activities	50%	121	81	107
Proceeds from sales of PPE	46.8%	0.67	0.38	2.73
Purchase of property, plant and equipment	13.3%	18	16	16
Proceeds from sales of long-term assets	-	0.03	0	0
Purchase of other long-term assets	-	2.66	0	0
Interest received	206.2%	1.17	0.84	2.74
Other inflows (outflows) of cash	-0.6%	-2.57	-2.55	0
Net Cashflows From Investing Activities	-363.4%	-24.07	-4.41	-2.77
Proceeds from issuing shares	-455.6%	0.5	0.91	0.54
Proceeds from borrowings	33.3%	17	13	20
Repayments of borrowings	-19%	35	43	66
Payments of lease liabilities	-8.3%	12	13	16
Dividends paid	-	11	0	0
Interest paid	-29.4%	13	18	24
Net Cashflows from Financing Activities	12.4%	-53.02	-60.7	-84.81
Net change in cash and cash eq.	186.7%	44	16	19

Investor Care
Dividend Yield	3.54%
Dividend/Share (TTM)	6
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	14.17

Financial Health
Current Ratio	2.55
Debt/Equity	0.08
Debt/Cashflow	1.12

Income Statement for S Chand And Co.

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	28%	33	26	53	162	21	26
Other Income	-94%	1.38	7.34	1.69	1.72	6.11	1.72
Total Income	3%	35	34	55	164	27	28
Cost of Materials	415.5%	36	7.79	11	41	27	12
Purchases of stock-in-trade	506.1%	3	1.33	1.56	11	0.85	1.06
Employee Expense	13.3%	18	16	16	18	15	14
Finance costs	880%	1.49	1.05	1.56	2.62	3.62	4.4
Depreciation and Amortization	1.8%	2.68	2.65	2.58	3.26	2.29	3.71
Other expenses	20%	19	16	15	31	16	12
Total Expenses	20.5%	54	45	50	116	47	46
Profit Before exceptional items and Tax	-61.6%	-19.27	-11.54	4.78	48	-19.8	-17.77
Exceptional items before tax	-	0	0	0	-1.3	0	0
Total profit before tax	-61.6%	-19.27	-11.54	4.78	47	-19.8	-17.77
Current tax	39.4%	-0.32	-1.18	1.18	3.13	0	-17.51
Deferred tax	-123.1%	-5.18	-1.77	0.52	13	-5.75	4.94
Total tax	-64.6%	-5.5	-2.95	1.7	16	-5.75	-12.57
Total profit (loss) for period	-54.2%	-13.77	-8.58	3.08	31	-14.04	-5.2
Other comp. income net of taxes	22.8%	0.02	-0.27	0.06	-0.24	0.09	-0.35
Total Comprehensive Income	-49.7%	-13.75	-8.85	3.14	31	-13.95	-5.56
Earnings Per Share, Basic	-42.7%	-3.91	-2.44	0.87	8.752	-3.988	-1.48
Earnings Per Share, Diluted	-42.7%	-3.91	-2.44	0.87	8.752	-3.988	-1.48

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	12.1%	251	224	170	143	151	194
Other Income	-66.7%	12	34	19	22	16	23
Total Income	1.9%	263	258	189	165	167	218
Cost of Materials	-7.1%	93	100	55	40	53	97
Purchases of stock-in-trade	232.5%	14	4.91	3.89	6.32	2.69	4.62
Employee Expense	14%	58	51	41	34	45	57
Finance costs	50.6%	13	8.97	12	16	15	11
Depreciation and Amortization	43.2%	12	8.68	8.11	8.87	9.09	3.66
Other expenses	25.5%	70	56	46	42	65	92
Total Expenses	12.7%	250	222	177	161	202	245
Profit Before exceptional items and Tax	-65.7%	13	36	12	3.7	-35.4	-27.63
Exceptional items before tax	85.9%	-1.3	-15.28	0	-0.5	-10.26	-22.56
Total profit before tax	-45%	12	21	12	3.2	-45.66	-50.19
Current tax	-394.5%	-13.43	5.9	-0.45	0	0	-0.72
Deferred tax	3100%	10	0.7	3.31	0.98	-5.93	-18.45
Total tax	-173.6%	-3.12	6.6	2.86	0.98	-5.93	-19.16
Total profit (loss) for period	0%	15	15	8.87	2.22	-39.73	-31.02
Other comp. income net of taxes	31.1%	-0.51	-1.19	0.31	0.7	-0.41	-0.07
Total Comprehensive Income	8.3%	14	13	9.18	2.92	-40.14	-31.09
Earnings Per Share, Basic	1.9%	4.2	4.14	2.53	0.64	-11.36	-8.87
Earnings Per Share, Diluted	2.2%	4.2	4.13	2.53	0.64	-11.36	-8.87

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	175%	100	37	111	437	76	38
Other Income	-53.8%	1.55	2.19	2.96	0.81	4.86	1.41
Total Income	159%	102	40	114	438	81	39
Cost of Materials	381.2%	78	17	27	100	71	19
Purchases of stock-in-trade	365.9%	2.17	0.56	0.51	5.36	0.32	1.71
Employee Expense	7.5%	44	41	39	42	38	36
Finance costs	65.2%	3.18	2.32	2.8	4.82	4.46	3.14
Depreciation and Amortization	0%	10	10	10	12	11	12
Other expenses	28.6%	46	36	33	71	44	32
Total Expenses	24.5%	133	107	115	268	132	103
Profit Before exceptional items and Tax	53.2%	-31.11	-67.58	-1.63	170	-50.75	-63.48
Exceptional items before tax	-	0	0	0	0	0	0
Total profit before tax	53.2%	-31.11	-67.58	-1.63	170	-50.75	-63.48
Current tax	174.3%	4.52	-3.74	1.81	11	0.3	-16.61
Deferred tax	8.4%	-10.06	-11.07	-0.45	30	-14.69	-5.07
Total tax	58.6%	-5.54	-14.81	1.36	42	-14.38	-21.68
Total profit (loss) for period	50.6%	-25.57	-52.77	-2.99	128	-36.37	-41.8
Other comp. income net of taxes	47.7%	0.2	-0.53	0.46	-1.48	0.49	-0.66
Total Comprehensive Income	51.4%	-25.37	-53.3	-2.54	127	-35.88	-42.46
Earnings Per Share, Basic	49%	-6.99	-14.67	-0.58	36.41	-9.91	-11.45
Earnings Per Share, Diluted	49%	-6.99	-14.67	-0.58	36.41	-9.91	-11.45

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	8.7%	663	610	481	425	429	522
Other Income	-72.3%	9.87	33	14	20	9.44	12
Total Income	4.5%	672	643	495	445	439	534
Cost of Materials	-6.5%	218	233	134	100	146	209
Purchases of stock-in-trade	1906.1%	7.62	1.33	15	8.56	8.85	15
Employee Expense	10.4%	150	136	117	99	126	151
Finance costs	-30%	15	21	27	32	35	27
Depreciation and Amortization	0%	46	46	42	42	41	24
Other expenses	12.2%	176	157	129	114	166	221
Total Expenses	5.7%	614	581	489	444	527	604
Profit Before exceptional items and Tax	-6.6%	58	62	6.3	0.89	-88.11	-70.47
Exceptional items before tax	-106.7%	0	16	-1.21	-0.24	-10.17	-23.34
Total profit before tax	-26%	58	78	5.09	0.64	-98.28	-93.81
Current tax	-111.7%	-1.92	26	14	12	7.42	9.97
Deferred tax	212.8%	9.02	-6.11	-17.32	-5.78	5.36	-38.3
Total tax	-67.9%	7.1	20	-3.48	6.47	13	-28.33
Total profit (loss) for period	-12.3%	51	58	8.04	-6.49	-111.47	-66.92
Other comp. income net of taxes	23.4%	-1.39	-2.12	0.69	1.71	-0.6	2.46
Total Comprehensive Income	-9.3%	50	55	8.73	-4.78	-112.07	-64.46
Earnings Per Share, Basic	-12.3%	14.53	16.42	2.29	-1.86	-31.87	-19.13
Earnings Per Share, Diluted	-12.1%	14.53	16.4	2.29	-1.86	-31.87	-19.13

Balance Sheet for S Chand And Co.

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-74%	14	51	16	34	13	25
Current investments	386.9%	14	3.67	13	7.94	21	8.1
Loans, current	-	0	0	14	22	21	29
Total current financial assets	-43.2%	105	184	145	201	155	201
Inventories	-11.6%	62	70	55	51	67	39
Total current assets	-33.1%	173	258	206	256	228	244
Property, plant and equipment	13.3%	18	16	17	14	14	11
Capital work-in-progress	-	0	0	1.05	1.01	0.44	0.41
Goodwill	-	0	0	3.06	0	2.38	2.38
Non-current investments	0%	627	627	689	617	625	616
Loans, non-current	6.2%	35	33	15	15	8.14	15
Total non-current financial assets	0.3%	664	662	705	632	634	632
Total non-current assets	1%	785	777	833	705	704	700
Total assets	-7.5%	958	1,036	1,039	961	931	944
Borrowings, non-current	-44.2%	2.25	3.24	4.74	6.07	6.83	29
Total non-current financial liabilities	-13.4%	4.3	4.81	7.15	7.46	7.86	29
Provisions, non-current	15.5%	6.22	5.52	4.6	3.69	2.08	1.68
Total non-current liabilities	11.1%	11	10	12	11	9.95	31
Borrowings, current	-23.7%	46	60	124	58	64	43
Total current financial liabilities	-37%	105	166	188	130	125	111
Provisions, current	0%	0.11	0.11	0.23	0.23	0.15	0.15
Current tax liabilities	-	0	0	0	3.23	-	0
Total current liabilities	-36.3%	110	172	190	139	129	116
Total liabilities	-33.7%	121	182	202	150	139	148
Equity share capital	0%	18	18	18	18	18	18
Total equity	-1.9%	837	853	837	811	792	796
Total equity and liabilities	-7.5%	958	1,036	1,039	961	931	944

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-71.7%	35	121	63	77	36	61
Current investments	0%	40	40	42	34	32	15
Loans, current	-	0	0	0	0	0	0
Total current financial assets	-52.8%	204	431	252	385	235	378
Inventories	3.4%	182	176	168	156	194	128
Current tax assets	0%	0.6	0.6	0	0	-	0
Total current assets	-34.9%	405	622	437	553	445	516
Property, plant and equipment	-2.5%	78	80	80	81	81	79
Capital work-in-progress	-	0	0	1.05	1.01	0.44	0.41
Goodwill	0%	333	333	336	336	338	338
Non-current investments	0%	22	22	18	15	20	5.92
Loans, non-current	-	0	0	0	0	0	0
Total non-current financial assets	12%	29	26	27	24	24	10
Total non-current assets	4.3%	680	652	696	667	685	675
Total assets	-14.8%	1,085	1,273	1,133	1,220	1,130	1,193
Borrowings, non-current	-30%	15	21	9.95	26	30	67
Total non-current financial liabilities	-7.9%	36	39	40	42	43	82
Provisions, non-current	10%	12	11	9.49	9.45	6.86	6.61
Total non-current liabilities	-4.1%	48	50	50	52	49	89
Borrowings, current	-34.9%	57	87	108	101	116	90
Total current financial liabilities	-44.1%	148	264	218	236	232	236
Provisions, current	1.6%	0.38	0.37	3.83	3.87	4.34	4.25
Current tax liabilities	-256.3%	0	1.64	2.39	12	1.43	4.9
Total current liabilities	-43.4%	159	280	230	264	247	257
Total liabilities	-37.4%	207	330	280	316	296	346
Equity share capital	0%	18	18	18	18	18	18
Non controlling interest	-107.4%	0.86	2.88	5.35	8.36	13	16
Total equity	-7%	878	944	853	904	834	847
Total equity and liabilities	-14.8%	1,085	1,273	1,133	1,220	1,130	1,193

Valuation
Market Cap	723.96 Cr
Price/Earnings (Trailing)	15.44
Price/Sales (Trailing)	1.04
EV/EBITDA	5.76
Price/Free Cashflow	6.71
MarketCap/EBT	10.42

Fundamentals
Revenue (TTM)	692.93 Cr
Rev. Growth (Yr)	25.29%
Rev. Growth (Qtr)	156.59%
Earnings (TTM)	46.9 Cr
Earnings Growth (Yr)	29.68%
Earnings Growth (Qtr)	51.54%

Profitability
Operating Margin	10.03%
EBT Margin	10.03%
Return on Equity	5.34%
Return on Assets	4.32%
Free Cashflow Yield	14.9%

SCHAND - S Chand And Company Limited Share Price

What does S Chand And Company Limited do?

Sector Comparison: SCHAND vs Printing & Publication

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Summary of Latest Earnings Report from S Chand And Co.

Cash Flow for S Chand And Co.

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Investor Care

Financial Health

Income Statement for S Chand And Co.

Balance Sheet for S Chand And Co.

Valuation

Fundamentals

Profitability