NAVNETEDUL
Navneet Education share price & financials
- Price
- ₹145.63
- Market cap
- ₹3.0k Cr
- Sector
- Fast Moving Consumer Goods
- Calls analysed
- 7
Navneet Education Limited Q1 FY27
What went well
- Domestic Stationery segment registered a strong 26% growth, highlighting robust local demand and market penetration.
- Management remains confident about delivering reasonable growth in the Publication segment for FY27, guiding for around 10% growth.
- Initiated a long-term strategic plan for Stationery, including aggressive investments in branding and key talent for Non-Paper Stationery vertical.
What to watch
- Total revenue remained flat at ₹785 crores compared to Q1 FY26.
- Publication division recorded a minor dip of 3%, moving from ₹419 crore to ₹405 crore.
What Navneet Education Limited does
Navneet Education publishes supplementary textbooks, workbooks, guides and digests aligned to state board (mainly Maharashtra and Gujarat), CBSE and ICSE curricula, and separately manufactures and sells stationery (notebooks, diaries, drawing books, writing instruments, files) under its YOUVA and HQ brands. It earns across three lines: domestic content publishing, domestic stationery sold pan-India, and stationery exports to major international retail chains such as Walmart in the US. It also runs a digital/EdTech arm that builds classroom and school-management software, including the Navneet AI content-generation platform for teachers and the TopSchool school-management system, sold to schools on a B2B basis.
Segments
- Content Publishing
- Stationery - Domestic
- Stationery - Exports
- Digital
- Market position in stationery exports
- India's largest stationery exporter
- Export footprint
- 40+ countries
- Published titles
- 5,800+
- Authors & quality-control specialists
- 400+
- Schools/colleges/coaching classes visited annually
- 1,10,000+
- Digital classrooms deployed
- 4,500+
Guidance record · Q1 FY27
what the last two calls moved 25 tracked 0 delivered 8 missed 17 open- Indiannica PAT missed said Q3 FY25 Promised: ₹2-3 crores PAT in FY25 Q1 FY27: The FY25 target is long past. Indiannica continues to be loss-making, reporting a PAT loss of ₹7 crores for the quarter.
- Domestic Non-Paper Volume Growth diluted said Q2 FY26 Promised: at least 100% increase every year for next 3 years Q1 FY27: The 100% volume growth target was not mentioned. It has been replaced by a new target for non-paper to contribute 10-15% of domestic stationery revenue in 3 years.
- Overall Stationery EBITDA Margin on track said Q4 FY26 Promised: around 9.5% to 10% in FY28 Q1 FY27: Management revised FY27 guidance up to 10-11%. This improved outlook for FY27 makes the FY28 target of 9.5-10% appear highly achievable.
All 25 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue down 0.9%, net profit down 8.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 271 | 280 | 389 | 792 | 246 −9% | 251 −10% | 394 +1% | 785 −1% |
| EBITDA | 9 | 29 | 56 | 230 | 8 −11% | 4 −86% | 40 −29% | 204 −11% |
| Net profit | 3 | 26 | 30 | 161 | -6 −300% | 117 +350% | 25 −17% | 148 −8% |
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 −18.9% 1Y
1Y: ₹157.55 on 10 Sept 2025 → ₹127.85. High ₹164.93 (30 Oct 2025), low ₹122.23 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −2.0%
- 29 Jul
- Q4 FY26
- −2.6%
- 22 May
- Q3 FY26
- −2.2%
- 2 Feb
- Q2 FY26
- −1.7%
- 11 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 0.7% a year over 3 years, FY23 to FY26. Operating margin widened to 16.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.6k Cr | ₹1.7k Cr | ₹1.7k Cr | ₹1.7k Cr |
| Operating profit | ₹248 Cr | ₹319 Cr | ₹321 Cr | ₹282 Cr |
| Operating margin | 15.0% | 18.9% | 18.5% | 16.8% |
| Interest | ₹12 Cr | ₹17 Cr | ₹16 Cr | ₹13 Cr |
| Depreciation | ₹56 Cr | ₹52 Cr | ₹65 Cr | ₹78 Cr |
| Net profit | ₹209 Cr | ₹180 Cr | ₹802 Cr | ₹297 Cr |
| Net margin | 12.7% | 10.7% | 46.3% | 17.6% |
| Cash from operations | ₹-9 Cr | ₹163 Cr | ₹282 Cr | ₹306 Cr |
| Free cash flow | ₹-54 Cr | ₹129 Cr | ₹169 Cr | ₹205 Cr |
| ROCE | 19.0% | 16.0% | 15.0% | 11.0% |
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 | ₹46 Cr | ₹45 Cr | ₹45 Cr | ₹45 Cr | ₹44 Cr | ₹44 Cr |
| Reserves | ₹993 Cr | ₹1.1k Cr | ₹1.2k Cr | ₹1.3k Cr | ₹1.9k Cr | ₹2.1k Cr |
| Borrowings | ₹29 Cr | ₹90 Cr | ₹247 Cr | ₹229 Cr | ₹102 Cr | ₹69 Cr |
| Other liabilities | ₹143 Cr | ₹133 Cr | ₹155 Cr | ₹140 Cr | ₹380 Cr | ₹226 Cr |
| Total liabilities | ₹1.2k Cr | ₹1.4k Cr | ₹1.6k Cr | ₹1.7k Cr | ₹2.4k Cr | ₹2.5k Cr |
| Fixed assets | ₹195 Cr | ₹201 Cr | ₹214 Cr | ₹224 Cr | ₹335 Cr | ₹372 Cr |
| Capital work in progress | ₹22 Cr | ₹4 Cr | ₹7 Cr | ₹6 Cr | ₹74 Cr | ₹38 Cr |
| Investments | ₹292 Cr | ₹338 Cr | ₹394 Cr | ₹384 Cr | ₹799 Cr | ₹946 Cr |
| Other assets | ₹702 Cr | ₹808 Cr | ₹1.0k Cr | ₹1.1k Cr | ₹1.2k Cr | ₹1.1k Cr |
| Total assets | ₹1.2k Cr | ₹1.4k Cr | ₹1.6k Cr | ₹1.7k Cr | ₹2.4k Cr | ₹2.5k 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.
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Navneet Education Limited
Guides on how to read this kind of business and the numbers that matter.