Publishes school textbooks/guides and makes paper & non-paper stationery, sold in India and exported to 40+ countries.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 785 | −0.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 26.0 | −3.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 148 | −8.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 6.45 | −4.6 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 12.03 | +3.0 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -3.76 | −5.3 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Guidance
0 of 8 judged targets kept · 17 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Indiannica PAT | ₹2-3 crores PAT in FY25 | Q3 FY25 | The FY25 target is long past. Indiannica continues to be loss-making, reporting a PAT loss of ₹7 crores for the quarter. | Missed |
| Domestic Non-Paper Volume Growth | at least 100% increase every year for next 3 years | Q2 FY26 | 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 It has been replaced by a new target for non-paper to contribute 10-15% of domestic stationery revenue in 3 years. | Diluted |
| Overall Stationery EBITDA Margin | around 9.5% to 10% in FY28 | Q4 FY26 | Management revised FY27 guidance up to 10-11%. This improved outlook for FY27 makes the FY28 target of 9.5-10% appear highly achievable. | On Track |
8 of Navneet Education Limited's 25 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 22 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹159.59 on 24 Oct 2025 → ₹121.53. High ₹164.93 (30 Oct 2025), low ₹119.33 (13 Oct 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
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
close before → close after
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.
Guidance
0 of 8 judged targets kept · 17 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Indiannica PAT | ₹2-3 crores PAT in FY25 | Q3 FY25 | The FY25 target is long past. Indiannica continues to be loss-making, reporting a PAT loss of ₹7 crores for the quarter. | Missed |
| Domestic Non-Paper Volume Growth | at least 100% increase every year for next 3 years | Q2 FY26 | 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. | Diluted |
| Overall Stationery EBITDA Margin | around 9.5% to 10% in FY28 | Q4 FY26 | Management revised FY27 guidance up to 10-11%. This improved outlook for FY27 makes the FY28 target of 9.5-10% appear highly achievable. | On Track |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 25 tracked commitments, with each call’s wording and source.
Call summaries
Navneet Education Limited Q1 FY27
Navneet Education Limited reported a flat revenue of ₹785 crores in Q1 FY27, with Publication revenue dipping 3% and Stationery growing 2%. While Domestic Stationery showed strong 26% growth, exports faced significant headwinds, contracting 9%. The company is making strategic investments and expects deferred Q1 Publication sales to boost Q2, guiding for 10% Publication growth and 10-11% Stationery EBITDA margin for FY27.
Read the full callNavneet Educat. Q4 FY26
Navneet Education Limited reported a stable Q4 FY26 revenue but a 3% contraction in full year FY26 revenue due to global headwinds and a 10% decline in export stationery. Despite short-term margin pressures from strategic investments in branding and a new manufacturing facility (₹65 crores), the company anticipates a highly lucrative growth phase for its publication business (15% growth for FY27-29) and domestic stationery (15% growth for FY27) driven by curriculum changes and new product categories. The loss-making Indiannica business is slated for merger to achieve cost synergies.
Read the full callNavneet Educat. Q3 FY26
Navneet Education faced a challenging quarter with a significant YoY revenue decline, primarily due to cyclical weakness in its publishing segment and tariff-related headwinds in its US export business. The underlying operational performance was weak, with a negative core operating profit. However, the bottom line was dramatically boosted by a one-time fair value gain on its K12 investment. Management is focused on navigating these near-term challenges through strategic initiatives, including a new UAE facility to de-risk exports and the launch of an AI platform to strengthen its educational o
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: −8% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 271 | 280 | 389 | 792 | 246 | 251 | 394 | 785 |
| Expenses | 262 | 251 | 333 | 562 | 238 | 247 | 354 | 581 |
| Operating profit | 9 | 29 | 56 | 230 | 8 | 4 | 40 | 204 |
| Operating margin | 3.3% | 10.0% | 14.0% | 29.0% | 3.2% | 1.6% | 10.0% | 26.0% |
| Other income | 11 | 22 | 3 | 8 | 4 | 126 | 14 | 19 |
| Interest | 3 | 3 | 4 | 5 | 3 | 3 | 2 | 4 |
| Depreciation | 15 | 17 | 18 | 17 | 17 | 21 | 23 | 19 |
| Profit before tax | 2 | 31 | 37 | 216 | -8 | 106 | 29 | 200 |
| Tax rate | −50.0% | 16.0% | 19.0% | 25.0% | −25.0% | −10.0% | 14.0% | 26.0% |
| Net profit | 3 | 26 | 30 | 161 | -6 | 117 | 25 | 148 |
| EPS (₹ per share) | 0.14 | 1.18 | 1.36 | 7.28 | -0.27 | 5.29 | 1.13 | 6.69 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 1,649 | 1,686 | 1,734 | 1,683 |
| Expenses | 1,399 | 1,368 | 1,413 | 1,401 |
| Operating profit | 248 | 319 | 321 | 282 |
| Other income | 121 | -3 | 628 | 152 |
| Interest | 12 | 17 | 16 | 13 |
| Depreciation | 56 | 52 | 65 | 78 |
| Profit before tax | 303 | 247 | 868 | 343 |
| Net profit | 209 | 180 | 802 | 297 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 45 | 45 | 45 | 44 | 44 | 44 |
| Reserves | 1,082 | 1,198 | 1,327 | 1,912 | 1,898 | 2,133 |
| Borrowings | 90 | 247 | 229 | 156 | 102 | 69 |
| Other liabilities | 133 | 155 | 140 | 171 | 380 | 226 |
| Total liabilities | 1,350 | 1,645 | 1,741 | 2,283 | 2,424 | 2,472 |
| Fixed assets | 201 | 214 | 224 | 322 | 335 | 372 |
| Capital work in progress | 4 | 7 | 6 | 43 | 74 | 38 |
| Investments | 338 | 394 | 384 | 800 | 799 | 946 |
| Other assets | 808 | 1,030 | 1,127 | 1,118 | 1,216 | 1,116 |
| Total assets | 1,350 | 1,645 | 1,741 | 2,283 | 2,424 | 2,472 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 274 | 41 | -9 | 163 | 282 | 306 |
| Cash from investing | -55 | -42 | -100 | -65 | 101 | -96 |
| Cash from financing | -204 | 3 | 104 | -100 | -380 | -179 |
| Net cash flow | 15 | 2 | -5 | -3 | 4 | 31 |
| Free cash flow | 245 | 91 | -54 | 129 | 169 | 205 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 65 | 66 | 61 | 65 | 60 | 64 |
| Inventory days | 381 | 324 | 269 | 271 | 281 | 295 |
| Days payable | 66 | 41 | 25 | 22 | 30 | 34 |
| Cash conversion cycle | 380 | 348 | 305 | 313 | 312 | 324 |
| Working capital days | 223 | 171 | 126 | 141 | 155 | 161 |
| Return on capital employed | 8.0% | 14.0% | 19.0% | 16.0% | 15.0% | 11.0% |
| Dividend payout | 37.0% | 23.0% | 30.0% | 31.0% | 8.0% | 11.0% |
The businesses behind the company’s reported revenue.
a. Publishing Content contributes 51.7% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
₹408.00 crore
₹380.00 crore
₹1.00 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| a. Publishing Content | 408.00 | 51.7% |
| b. Stationery Products | 380.00 | 48.2% |
| c. Others (windmill, etc.) | 1.00 | 0.1% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
a. Publishing Content grew from 30% to 52% of revenue over the last two years.
| Segment | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| a. Publishing Content | 30% | 41% | 34% | 53% | 37% | — | 34% | 52% | -3.3% |
| b. Stationery Products | 69% | 59% | 65% | 47% | 63% | — | 65% | 48% | +2.2% |
| c. Others (windmill, etc.) | 1% | <1% | — | — | — | — | <1% | <1% | — |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Promoters hold 63.29% as of Sept 2026; institutions cut 0.09 pts since Jun 2026.
Named in the Sep 2026 filing
Every holder of Navneet Education Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 40.44% | unchanged | |
| Mutual fund | 6.01% | −1.10 pp |
| Mutual fund | 4.36% | unchanged |
| 2.55% | unchanged | |
| FPI fund | 1.98% | unchanged |
| 1.86% | unchanged | |
| 1.61% | unchanged | |
| 1.46% | unchanged | |
| 1.20% | unchanged | |
| 1.16% | unchanged | |
| 1.08% | unchanged | |
| 0.93% | 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.
Filings to Sep 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Mid Cap Fund HDFC Mutual Fund | ₹163 Cr | held | Dec '22 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
Shares held by these funds −17%
Oct '23 1.33 cr shares Sep '26
Your own record
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