MTEDUCARE
MT Educare financials
- Market cap
- ₹13 Cr
- Sector
- Consumer Services
What MT Educare Limited does
MT Educare, a subsidiary of Zee Learn Ltd., runs coaching classes under the Mahesh Tutorials brand for school (9th-10th, State Board/CBSE/ICSE), science stream (11th-12th plus engineering/medical entrance prep) and commerce stream (11th-12th plus CA CPT/Inter/Final coaching), along with HSC and entrance-exam coaching under the Lakshya brand. It also runs Robomate+, a curriculum-based digital study app with recorded lectures, e-books and assessments. Teaching is delivered through a blend of company-owned centres, franchise partnerships and online/digital channels across Maharashtra, Western India and Punjab. The company has been under Corporate Insolvency Resolution Process (CIRP) since December 2022, with a Resolution Professional overseeing operations.
Segments
- Mahesh Tutorials - School Section
- Mahesh Tutorials - Science
- Mahesh Tutorials - Commerce
- Lakshya
- Robomate+
- Centres nationwide
- 62, including 15 via franchise partnerships (FY25)
- Faculty / expert educators
- 350+ (FY25)
- Students empowered
- 8,838+ (FY25)
- States/Union Territories served
- 3 (FY25)
- Peak historical footprint
- 170 locations / 266 centres across 13 states & UTs (FY17)
- Students serviced (peak)
- 159,162 (FY17)
Quarterly results
Q4 FY26: revenue down 23.4%, net profit up 119.0% against the same quarter last year.
| Line item | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14 | 12 | 12 | 13 | 7 −50% | 12 +7% | 7 −42% | 10 −23% |
| EBITDA | 1 | -4 | -1 | 3 | -3 −527% | 3 +175% | -1 +5% | 5 +77% |
| Net profit | -3 | -9 | -5 | -14 | -5 −76% | 1 +116% | -2 +61% | 3 +119% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −6.7% 1Y
1Y: ₹1.95 on 10 Sept 2025 → ₹1.82. High ₹2.42 (30 Jun 2026), low ₹1.22 (30 Mar 2026).
Financials, as filed
Revenue fell 12.6% a year over 2 years, FY24 to FY26. Operating margin widened to 12.6%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹47 Cr | ₹50 Cr | ₹36 Cr |
| Operating profit | ₹-8 Cr | ₹-1 Cr | ₹5 Cr |
| Operating margin | -16.6% | -2.6% | 12.6% |
| Interest | ₹12 Cr | ₹13 Cr | ₹5 Cr |
| Depreciation | ₹10 Cr | ₹9 Cr | ₹6 Cr |
| Net profit | ₹-28 Cr | ₹-31 Cr | ₹-3 Cr |
| Net margin | -58.4% | -61.6% | -8.7% |
| Cash from operations | ₹-2 Cr | ₹-1 Cr | ₹2 Cr |
| Free cash flow | ₹-3 Cr | ₹-1 Cr | ₹2 Cr |
| ROCE | -8.3% | -3.8% | 2.1% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹72 Cr | ₹72 Cr | ₹72 Cr | ₹72 Cr | ₹72 Cr | ₹72 Cr |
| Reserves | ₹71 Cr | ₹45 Cr | ₹-15 Cr | ₹-43 Cr | ₹-78 Cr | ₹-77 Cr |
| Borrowings | ₹109 Cr | ₹98 Cr | ₹117 Cr | ₹135 Cr | ₹134 Cr | ₹138 Cr |
| Other liabilities | ₹125 Cr | ₹117 Cr | ₹121 Cr | ₹123 Cr | ₹132 Cr | ₹123 Cr |
| Total liabilities | ₹377 Cr | ₹333 Cr | ₹294 Cr | ₹287 Cr | ₹261 Cr | ₹256 Cr |
| Fixed assets | ₹113 Cr | ₹93 Cr | ₹72 Cr | ₹75 Cr | ₹15 Cr | ₹11 Cr |
| Capital work in progress | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹264 Cr | ₹240 Cr | ₹222 Cr | ₹212 Cr | ₹246 Cr | ₹244 Cr |
| Total assets | ₹377 Cr | ₹333 Cr | ₹294 Cr | ₹287 Cr | ₹261 Cr | ₹256 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025.
- Promoters
- 59.1%
- Public
- 40.9%
Since Jun 2025
- Public +0.01 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 59.1%, Public 40.9%.Dec '23: Promoters 59.1%, Public 40.9%.Mar '24: Promoters 59.1%, Public 40.9%.Jun '24: Promoters 59.1%, Public 40.9%.Sep '24: Promoters 59.1%, Public 40.9%.Dec '24: Promoters 59.1%, Public 40.9%.Mar '25: Promoters 59.1%, Public 40.9%.Jun '25: Promoters 59.1%, Public 40.9%.Sep '25: Promoters 59.1%, Public 40.9%.Dec '25: Promoters 59.1%, Public 40.9%.Mar '26: Promoters 59.1%, Public 40.9%.Jun '26: Promoters 59.1%, Public 40.9%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Engro INC newly disclosed 0.00% held
- Late Nand Kishore Goenka newly disclosed 0.00% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of MT Educare Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Zee Learn Limited | 59.12% | unchanged |
| Sprit Infrapower & Multiventures Private Limited | 0.00% | unchanged |
| Dakshin Mercantile Pvt Ltd. | 0.00% | unchanged |
| Mahesh Shetty | 0.00% | unchanged |
| Widescreen Holdings Private Limited | 0.00% | unchanged |
| Essel Media Ventures Limited | 0.00% | unchanged |
| Essel International Limited | 0.00% | unchanged |
| Cyquator Media Services Private Limited | 0.00% | unchanged |
| Briggs Trading Company Private Limited | 0.00% | unchanged |
| Subhash Chandra | 0.00% | unchanged |
| Elitecast Media Private Limited | 0.00% | unchanged |
| Rama Associates Private Limited | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse MT Educare Limited
Guides on how to read this kind of business and the numbers that matter.