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MT Educare - A C Choksi Share Brokers
Posted On : 2012-10-17 19:05:25( TIMEZONE : IST )
MT Educare is an institution that provides education and aims to mentor youth, through its qualified faculty and focus on teaching methodologies.MTEducare offers coaching for Std. VIII, IX&XState Board, ICSE and CBSE Boards, Science coaching for Std. XI, XII, Engineering & Medical Entrance Test - CET, Commerce coaching for Std. XI to T.Y.B.Com, along with entrance test preps for CA - CPT, CS,CWA, and for professionalCA(IPCC&Final) exams.
Diversified Player
MT Educare has diversified product offering form school tutorial to vocational trainings and has huge faculty members to educate the rising students. Mainly it educates in 3 main sections- School Section, Science Section and Commerce Section.
Growing Centers:
It consists of 196 coaching centres across 4 states of which 14 are franchisees and rest are company managed One of the leading coaching service providers in Maharashtra with 147 centres in Mumbai. Company is planning to open more centers and also getting into agreements with colleges and tie- ups with other leading coaching classes.
Unique Teaching Methodology
Company has very unique study material prepared by faculty heads in simple manner, Interactive based on experimental learning, animation and graphics which leads to retention, series of test and mock examinations, monitoring individually and helping them in day to day academics. So, it has unique process of delivering course to students. And also provides value added services of counseling, 24 hr helpline and symphony etc.
Strong Financials
Company's sales grew by 23.22% to Rs. 140.73 cr in FY12 from Rs. 114.21 cr in FY11. Profit after tax was Rs.13.06 cr in FY12 as compared to Rs. 8.84 cr in FY11 i.e up by 47.74% because of increase in sales and stable margins. Even has very low Debt Equity ratio of 0.04.
We expect MT Educare to grow because of well recognized brand and experience in servicing students throughout their education cycle. So we recommend BUY on the stock for Medium Term for the Target of Rs. 140.
