Educomp Solutions Ltd


BSE: 532696 | NSE: EDUCOMP | ISIN: INE216H01027 
Market Cap: [Rs.Cr.] 777 | Face Value: [Rs.] 2
Industry: Computers - Education

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Board Meet

30-May-13 
Audited Results 
22-Apr-13 
Educomp Solutions Ltd has informed BSE regarding Outcome of Board Meeting held on April 22,2013. has approved the formation of a committee of directors ('Restructuring Committee') to analyze and evaluate various options available to restructure the 'operational,accounting and legal footprint of Smart Class business' of the Educomp group,primarily to bring about better synergy across the group,optimal utilisation of resources and enhance value for its shareholders. The restructuring Committee is authorised to engage and appoint such consultants/advisors as it may deem fit to advise and assist it in evaluating the restructuring options,and is further authorised to do all sch acts,deeds and things,as it may deem necessary and desirable for the same. (As Per BSE Bulletin Dated On 23.04.2013) 
13-Feb-13 
Quarterly Results 
09-Nov-12 
Quarterly Results 
08-Oct-12 
Educomp Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 08, 2012, has discussed, considered and approved, subject to the approval of the Shareholders, the following: 1. To raise further capital by issuance of the long term securities including inter-alia amongst others International Bonds up to USD 250 Million or equivalent INR with a sub-limit thereof for raising money through equity linked instruments upto USD 75 million or equivalent INR. 2. Increase of the Authorize Share Capital of the Company from existing Authorized Share Capital of Rs. 30 Crore to Rs. 40 Crore. 3. To enhance the borrowing powers of the Directors under Sec. 293(1) (d) of the Companies Act, 1956 and to authorise to create Security/Charge/mortgage on the movable/ immovable Assets of the Company under Sec. 293 (1) (a) of the Companies Act, 1956. Board has also approved the calling of the Extra Ordinary General Meeting of the Shareholders of the Company. 

AGM

26-Sep-12
AGM 26.09.2012 Educomp Solutions Ltd has informed BSE that the Annual General Meeting (AGM) of the Company will be held on September 26, 2012. (As Per BSE Announcement Dated on 04.09.2012) Educomp Solutions Ltd has informed BSE that the 18th Annual General Meeting (AGM) of the Company was held on September 26, 2012. (As per BSE Announcement Dated on 26.09.2012) Educomp Solutions Ltd has informed BSE that voting pattern of the 18th Annual General meeting held on September 26, 2012. (As Per BSE Announcement Dated on 28.09.2012) Educomp Solutions Ltd has submitted to BSE a copy of the minutes of the proceedings of the 18th Annual General Meeting of the Company held on September 26, 2012. (As per BSE Announcement Dated on 22.10.2012)  
24-Sep-11
Educomp Solutions Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 17, 2011 to September 24, 2011 (both days inclusive) for the purpose of Payment of Final Dividend & 16th Annual General Meeting (AGM) of the Company to be held on September 24, 2011. Dividend payment date has been fixed as October 04, 2011 and the same will be credited / dispatched on and from October 04, 2011. Educomp Solutions Ltd has informed BSE that the members at the 17th Annual General Meeting (AGM) of the Company held on September 24, 2011, inter alia, have approved the following: 1. Considered and adopted the Audited Balance Sheet as at March 31, 2011 and the Profit and Loss Account for the year ended on that date and Reports of the Auditors and Board of Directors thereon. 2. Approved payment of final dividend of Rs. 0.60 per share on its fully paid up Equity share Capital Dividend shall be paid on or after October 04, 2011 3. Re-appointed the retiring Directors, Shri Sankalp Srivastava and Shri Rajiv Krishan Luthra as Director liable to retire by rotation. 4. Re-appointed M/s. Anupam Bansal & Co, Chartered Accountants and M/s. Haribhakti & Co., Chartered Accountants as Joint Statutory Auditors of the Company to hold office tilt the conclusion of the next Annual General Meeting and authorised Board to fix their remuneration. (As Per BSE Annoncement Website Dated on 26/09/2011) Educomp Solutions Ltd has submitted to BSE a copy of the Minutes of the Proceedings of the 17th Annual General Meeting of the Company held on September 24, 2011. 1. Adoption of the Audited Balance Sheet as at March 31, 2011 and Profit and Loss Account of the Company for the period ended on that date together with all the schedules and annexture therewith including the reports of the Directors' and Auditors'thereon. 2. Declaration of dividend of Rs. 0.60/- per share for the year ended March 31, 2011. 3. Re-appointment of Mr. Sankalp Srivastava as a Director of the Company. 4. Re-appointment of Mr. Rajiv Krishan Luthra as a Director of the Company. 5. Appointment of M/s. Anupam Bansal & Co., Chartered Accountant and M/s. Haribhakti & Co., Chartered Accountant as Joint Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of next Annual General meeting, on remuneration, terms & conditions. (As Per BSE Annonuncement Website Dated on 18/10/2011) 
27-Sep-10
Educomp Solutions Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 18, 2010 to September 27, 2010 (both days inclusive) for the purpose of Payment of Final Dividend & Annual General Meeting (AGM) of the Company to be held on September 27, 2010. Educomp Solutions Ltd has informed BSE that the members at the 16th Annual General Meeting (AGM) of the Company held on September 27, 2010, inter alia, have arrived out following businesses with requisite majority : 1. Considered and adopted the Audited Balance Sheet as at March 31, 2010 and the Profit and Loss Account for the year ended on that date and Reports of the Board of Directors and Auditors thereon. 2 .Approved payment of final dividend of Rs. 1.75/- per share on its fully paid up Equity share Capital. Dividend shall be paid on or after October 11, 2010 3. Re-appointed the retiring Director Shri Gopal Jain and Shri Shonu Chandra as Director liable to retire by rotation. 4. Re-appointed M/s. Anupam Bansal & Co, Chartered Accountants and M/s. Haribhakti & Co., Chartered Accountants as Joint Statutory Auditors of the Company to hold office till the conclusion of the next Annual General Meeting and authorised Board to fix their remuneration. 5. Approved issue of Equity Shares on preferential basis as per the SEBI (ICDR) Regulations, 2009 to promoters of Vidya Mandir Classes Private Limited. (As Per BSE Announcement Website dated on 27.09.2010) Educomp Solutions Ltd has informed BSE that pursuant to the approval of the shareholders, granted in the 16th Annual General Meeting held on September 27, 2010, Board of Directors by passing resolution by circulation on September 29, 2010 has allotted of 55,643 Equity Shares of the face value of Rs. 2/- each at a price of Rs. 629/- per share (including a premium of Rs. 627/- per share) to promoters of Vidya Mandir Classes Pvt. Ltd. Post allotment Paid up capital of the Company has increased from Rs. 19,09,10,706/- consisting of 95,455,353 equity shares of the face value of Rs. 2/- each to Rs. 19,10,21,992/- consisting of 95,510,996 equity shares of the face value of Rs. 2/- each. (As Per BSE Announcement Website dated on 29.09.2010) Educomp Solutions Ltd has submitted to BSE a copy of minutes of the proceedings of the 16th Annual General Meeting (AGM) of the Company held on September 27, 2010. (As Per BSE Announcement Website dated on 20.10.2010) 
26-Sep-09
Educomp Solutions Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 19, 2009 to September 26, 2009 (both days inclusive) for the purpose of 15th Annual General Meeting (AGM) of the Company to be held on September 26, 2009. Educomp Solutions Ltd has informed BSE that the members at the 15th Annual General Meeting (AGM) of the Company held on September 26, 2009, inter alia, have carried out following business with requisite majority: 1. Considered and adopted the Audited Balance Sheet as at March 31, 2009 and the Profit and Loss Account for the year ended on that date and Reports of the Board of Directors and Auditors thereon. 2. Approved payment of final dividend of Rs 2.50/- per share on its fully paid up Equity share Capital. 3. Re-appointed the retiring Director Shri. Sankalp Srivastva as Director liable to retire by rotation. 4. Appointed M/s. Anupam Bansal & Co. Chartered Accountants and M/s. Haribhakti & Co., Chartered Accountants as Joint Statutory Auditors of the Company to hold office till the conclusion of the next Annual General Meeting and authorised Board to fix their remuneration. 5. Re-appointed Mr. Shantanu Prakash as Chairman & Managing Director of the Company for a further period of five years i.e. from August 01, 2009 to July 31, 2014. 6. Appointed Dr. Shayama Chona & Mr. Rajiv K Luthra as Directors liable to retire by rotation. 7. Approved Sub-division of each of the existing Equity Shares of the face value of Rs. 10/- each fully paid-up in the share capital of the Company into five Equity Shares of the face value of Rs. 2/- each fully paid-up and alteration of the Memorandum of Association of the Company as a consequence to the Sub-division of the Equity Shares. 8. Approved payment of commission to Directors (other than the Directors in the whole time employment of the Company) not exceeding l% of the net profits of the Company. (As Per BSE Announcement Website dated on 29.09.2009) Educomp Solutions Ltd has submitted to BSE a copy of the proceedings of the 15th Annual General Meeting (AGM) of the Company held on September 26 2009. (As Per BSE Announcement Website dated on 23.10.2009) 
07-Jul-08
Educomp Solutions Ltd has informed BSE that an Annual General Meeting(AGM) of the Company will be held on July 07, 2008. Educomp Solutions Ltd has informed BSE that the members at the 14th Annual General Meeting (AGM) of the Company held on July 07, 2008, inter alia, have accorded the following businesses: 1. Considered and adopted the Audited Balance Sheet as at March 31, 2008 and the Profit and Loss Account for the year ended on that date and Reports of the Board of Directors and Auditors thereon. 2. Declared final dividend of 25% on its fully paid Equity share Capital for the year ended March 31, 2008. Dividend shall be payable on or after July 22, 2008. 3. Reappointed the retiring director Mr. Shonu Chandra as director of the Company. 4. Reappointed M/s. Anupam Bansal & Co, Chartered Accountants, as Statutory Auditors of the Company to hold office till the conclusion of the next Annual General Meeting and authorised Board to fix their remuneration. 5. Partially amended the shareholders resolution dated May 24, 2008 passed through postal ballot to widen the end use of the proceeds prescribed in that resolution. (As per BSE Announcement Website dated on 07/07/2008) Educomp Solutions Ltd has informed BSE that the members at the 14th Annual General Meeting (AGM) of the Company held on July 07, 2008, inter alia, have also accorded to the following: - Further to the resolution of the shareholders of the Company dated May 24, 2008, whereby the shareholders of the Company approved the offer, issue, and allotment of equity shares of the Company and / or Global Depository Receipts and / or American Depository Receipts / Shares convertible into Equity Shares and / or Foreign Currency Convertible Bonds for an amount not exceeding US$ 500,000,000 (United States Dollar Five Hundred Million) ("Offering"), with the objective of using the proceeds of the offering for meeting the Company's requirements in its Smart Class and ICT business segments, the shareholders of the Company do hereby further resolve that in addition to using the proceeds of the Offering for meeting the Company's requirements in its Smart Class and ICT business segments, the Company be and is hereby authorized to use the proceeds of such Offering for (1) investment in Educomp Infrastructure Pvt Ltd, Educomp School Management Ltd for its k-12 Initiatives and other subsidiaries for expansion of the Company's operations, (ii) potential strategic acquisitions or joint ventures both domestic & overseas, (iii) capital expenditure for Smazt_Class (India & china) and ICT Solutions in Fiscal Year 2010, (iv) Higher Education Initiatives / Vocational & Professional Education Initiatives in India and (v) for such other purposes may be permitted from time to time in compliance with the applicable guidelines issued by the Reserve Bank of India and the Government of India. (As Per BSE Announcement Website Dated on 05/08/2008) 

EGM

15-Nov-12
Educomp Solutions Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on November 15, 2012. Educomp Solutions Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company was held on November 15, 2012. (As per BSE Announcement Dated on 15.11.2012) Educomp Solutions Limited has informed the Exchange that members of the Company at its Extra Ordinary General Meeting held on November 15,2012 carried out following businesses as per the Notice of the Extra Ordinary General Meeting : (1) Approved raising of funds by issuance of long term securities; (2) Approved increase in the borrowing limits of the Board of Director of the Company; (3) Approved authorization to mortgage/create charge on the movable/immovable assets of the Company; (4) Approved increase in the Authorised Share Capital of the Company. Educomp Solutions Ltd has informed BSE regarding the Voting Pattern under Clause 35A of the Extra Ordinary General Meeting held on November 15, 2012. (As Per BSE Announcement Dated on 16.11.2012) Educomp Solutions Ltd has informed BSE regarding the minutes of the Extra Ordinary General Meeting of the Company held on November 15, 2012. (As Per BSE Announcement Dated on 05.12.2012) 
16-Jul-12
Educomp Solutions Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on July 16, 2012 inter alia, to transact the following: 1. For the Preferential allotment of Equitty Shares and Warrants. 2. For raising of funds through issue of capital. 3. Approval of Educomp Employee Stock Option Scheme 2012. 4. For approval of Educomp Employee Stock OptionScheme 2012 for directors / employees of Subsidiaries. (For more details kindly refer Corporate Announcements on www.bseindia.com). Educomp Solutions Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company was held on July 16, 2012. (As Per BSE Announcement Website Dated on 16/07/2012) Educomp Solutions Ltd has informed BSE regarding Voting pattern in terms of Clause 35A of the Listing Agreement of the Extra Ordinary General Meeting (EGM) of the Company held on Juty 16, 2012. (AsPer BSE Announcement Websute Dated on 17/07/2012) Educomp Solutions Ltd has submitted to BSE a copy of the Minutes of the Extra Ordinary General Meeting (EGM) of the Company was held on July 16, 2012. (As Per BSE Announcement Website Dated on 23/07/2012) 
26-Sep-09
Educomp Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 26, 2009, inter alia, in order to improve the liquidity of the Company's shares in the Stock market and to make it affordable to the small Investors has approved sub-division (stock split) of one (1) equity share of the face value of Rs. Ten (Rs. 10/-) each into Five (5) equity shares of the face value of Rs. Two (Rs. 2/-) each. The said sub division of shares shall be subject to the approval of Share holders of the Company in the ensuing general meeting scheduled to be held on September 26, 2009. Educomp Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 26, 2009, inter alia, has approved appointment M/s Haribhakti & Co., Chartered Accountants & M/s Anupam Bansal & Co, Chartered Accountants as the Joint Auditors of the Company. The said appointment of Joint Statutory Auditors shall be subject to the approval of Share holders of the company in the ensuing general meeting scheduled to be held on September 26, 2009. 

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Educomp Sol. 776.95 6.67 0.35 7.03 11.0 13.1 0.47
CORE Education 545.02 2.84 0.42 10.53 16.9 17.0 0.90
Zee Learn 498.39 0.00 3.55 0.00 0.0 0.0 0.49
NIIT 346.71 350.00 0.72 4.80 3.7 4.7 0.40
Aptech 277.86 14.87 1.04 11.12 6.9 6.9 0.00
Everonn Educat. 114.60 0.00 0.17 12.95 -2.8 2.7 0.54
Compucom Soft. 73.21 9.07 0.72 2.23 11.4 11.4 0.43
Jetking Infotrai 26.89 8.50 0.67 5.18 6.9 11.7 0.03
Usha Mart. Edu. 18.45 53.77 0.86 20.06 2.0 2.7 0.00
CTIL 10.75 17.55 0.27 16.62 1.1 3.8 0.37
Birla Shloka 10.18 4.63 0.10 2.63 4.2 7.8 0.15
IEC Education 6.41 24.71 0.19 10.44 2.3 2.6 0.08
SQL Star Intl. 6.34 0.00 -1.80 0.00 0.0 0.0 3.63
Software Tech. 4.66 0.00 0.46 0.00 0.0 0.0 1.12
BITS 1.79 16.00 0.04 96.17 0.0 0.0 0.01

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Key Information

Key Executives:

Shantanu Prakash , Chairman & Managing Director 

Jagdish Prakash , Whole-time Director 

Sankalp Srivastava , Director 

Shonu Chandra , Director 


Company Head Office / Quarters:
1211 Padma Towers I,
5 Rajendra Place,
New Delhi,
New Delhi-110008
Phone : 91-11-25755920/62725/53258/66484
Fax : 91-11-25766775
E-mail : info@educomp.com
Web : http://www.educomp.com
Registrars:
Link Intime India Pvt Ltd
A-40 II Flr Phase-II
Naraina Indl Area
Near Batra Banquet
New Delhi - 110 028

Fund Holding

 
Scheme Name No. of Shares
Goldman Sachs CNX 500 Fund (G) 1,136

Calendar

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