CL Educate Limited is engaged in providing educational products and services. Checkout CL Educate buyback 2022 price, size, buyback acceptance ratio and more details.
The business operation of the company can be divided into four major verticals.
- Consumer Test Preparation
- Consumer Publishing
- Enterprise Corporate
- Enterprise Institutional
CL Educate Limited is also engaged in research incubation and support services. It provides this service to educational institutions and competitive test-preparation hubs. The company is also expanding in international examination preparation courses such as GRE, GMAT. CL Educate Limited also carries out non-test preparation courses. It includes CFA and Data Science,
The company offers services to Experiential Marketing and Event Management Solutions hubs. Currently, CL Educate Limited have 200 test-preparation centers. It is located in 100 cities in India. The company has one examination center in UAE also.
NECESSITY OF THE ISSUE:
The objective of the Buyback of the Company is:
- To improve the financial matrix of the Company. The financial matrix is ROE, RoCE
- Reduction of the equity base of the Company
- Long-term wealth creation with an increase in shareholders’ value.
Check out the complete Buyback 2022 details here.
CL EDUCATE BUYBACK 2022 OFFER DETAILS:
| Buyback Type | Open Market Buyback |
| CL Educate Buyback Record Date | Open Market Buyback, so no record date as for tendering process |
| Buyback Offer Amount | Rs. 10.00 Crores |
| Date of Board Meeting approving the proposal | 23 May, 2022 |
| Date of Public Announcement | 23 May, 2022 |
| Buyback Offer Size | of the equity capital of the Company |
| Buyback Number of Shares | 5,88,235 equity shares of the company |
| Listing | NSE, BSE |
| Face Value | Rs. 5 per equity share of the company |
| CL Educate Buyback Price | Rs. 170 per equity share. |
| Buyback Opening Date | 27 May, 2022 |
| Buyback Closing Date | 06 November, 2022 |
| Category of Shareholder | Pre – Buyback | Post – Buyback | ||
| Number of Shares | Percentage to the equity share capital | Number of Shares | Percentage to the equity share capital | |
| Promoter and Promoter Group | 1,44,47,469 | 50.99 | 1,44,47,469 | 52.08 |
| Public | 1,38,83,887 | 49.01 | 1,32,95,652 | 47.92 |
| Total | 2,83,31,356 | 100.00 | 2,77,43,121 | 100.00 |
CL EDUCATE BUYBACK FINANCIALS:
| Particulars | For the year ending with the amount as in Rs. in Lakhs | ||
| 31 March 22 | 31 March 21 | 31 March 20 | |
| Total Income | 21,616.38 | 19,190.57 | 32,398.03 |
| Profit After Tax | 1,379.06 | -1,260.28 | -5,480.91 |
| Net Worth | 26,163.49 | 24,710.89 | 25,920.40 |
| Earnings Per Share (Rs) | -8.24 | -37.53 | 78.04 |
| CEPS (Rs) | -1.21 | -13.73 | 91.21 |
| DPS (Rs) | 0.00 | 1.00 | -100.00 |
| Book NAV/Share (Rs) | 192.13 | 200.05 | -3.96 |
| Tax Rate (%) | 19.30 | 1.91 | 911.29 |
| Core EBITDA Margin (%) | -5.62 | -1.79 | -214.03 |
| EBIT Margin (%) | -4.85 | -14.73 | 67.04 |
| Pre-Tax Margin (%) | -7.91 | -17.41 | 54.59 |
| PAT Margin (%) | -6.38 | -17.08 | 62.64 |
| Cash Profit Margin (%) | -1.85 | -12.55 | 85.24 |
| ROA (%) | -3.07 | -11.37 | 73.02 |
| ROE (%) | -4.24 | -17.03 | 75.12 |
| ROCE (%) | -2.77 | -12.55 | 77.91 |
| Asset Turnover (x) | 0.48 | 0.67 | -27.79 |
| Sales/Fixed Asset (x) | 1.32 | 2.34 | -43.71 |
| Working Capital/Sales (x) | 1.43 | 2.56 | -44.25 |
| Fixed Capital/Sales (x) | 0.76 | 0.43 | 77.66 |
| Receivable days | 143.70 | 131.20 | 9.53 |
| Inventory Days | 28.67 | 14.32 | 100.20 |
| Payable days | 7579.35 | 0.00 | 0.00 |
| PER (x) | 0.00 | 0.00 | 0.00 |
| PCE (x) | -38.14 | -1.14 | -3256.11 |
| Price/Book (x) | 0.48 | 0.16 | 207.20 |
| Yield (%) | 0.00 | 3.21 | -100.00 |
| EV/Net Sales (x) | 0.78 | 0.25 | 210.16 |
| EV/Core EBITDA (x) | -237.75 | 7.86 | -3123.32 |
| EV/EBIT (x) | -16.03 | -1.70 | -841.14 |
| EV/CE (x) | 0.40 | 0.19 | 109.82 |
| M Cap / Sales | 0.71 | 0.14 | 395.41 |
| Net Sales Growth (%) | -40.45 | -9.48 | -326.59 |
| Core EBITDA Growth (%) | -106.11 | -76.68 | -38.37 |
| EBIT Growth (%) | 80.37 | -238.65 | 133.68 |
| PAT Growth (%) | 77.75 | -365.48 | 121.27 |
| EPS Growth (%) | 78.04 | -366.52 | 121.29 |
| Total Debt/Equity (x) | 0.16 | 0.17 | -6.53 |
| Current Ratio (x) | 2.43 | 1.98 | 22.70 |
| Quick Ratio (x) | 2.27 | 1.86 | 21.84 |
| Interest Cover (x) | -1.59 | -5.49 | 71.04 |
| Total Debt/Market cap (x) | 0.33 | 1.08 | -69.58 |
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CL EDUCATE BUYBACK CALCULATION OF ACCEPTANCE RATIO:
The calculation for the buyback is done. It is done considering that the investor buys 1176 equity shares of the Company. The buying price is Rs. 123
The calculation is as: Rs.2,00,000 / 170 buyback price = 1176 shares.
The amount invested will be in terms of 1176 * Rs. 123 = Rs. 144705
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | Rs. 144705 | 388 | Rs. 18,247 |
| 50% | Rs. 144705 | 588 | Rs. 27,647 |
| 75% | Rs. 144705 | 882 | Rs. 41,470 |
| 100% | Rs. 144705 | 1176 | Rs. 55,294 |
READ ABOUT: SMC Global Securities Buyback
MARKET SUBJECT OF CL EDUCATE BUYBACK:
The Board of the Company has approved the proposal for the buyback. The Company plans to buy around a small per cent of the CL Educate share price target. The buyback is Rs. 10 crores at Rs. 170 per equity share of the Company. The Company has started the buyback offer. It is payable in cash, representing paid-up equity share capital and free reserves of the Company. Get detailed CL Educate news and analysis, Dividend, Bonus Issue, and Quarterly results here.
On the buyback day, the Company’s shares registered a flat trade. The stock ends the day with a closing price of Rs. 120. The stock of the Company also recorded a high of Rs. 121.2. The intraday low was Rs. 118.4. The stock of the Company has been in a downtrend in the last year. The company board has not stated any minimum purchase requirements. No other conditions are mentioned in their open market-based buyback.
The Company also stated that they would enhance their buyback size. It will be done if the equity shares have been bought back well below the buyback price, currently, as of the latest shareholding pattern of the Company. The promoters of the Company hold 50.94 per cent. The institutional players hold 10.36 per cent. The non-banking mutual funds have no holding in the Company. The retail investors and the others are the second majority shareholders of the Company. They hold 38.43 per cent of the Company’s equity.
The updated details as of 29 May are as follows:
Open: Rs. 127
High – Low: Rs. 127.4 – Rs. 121.5
Previous Close: Rs. 124.85
Total Traded Value: 27130
Close: Rs. 122.55
Change of: – Rs. 2.30 (1.84%)
CL EDUCATE COMPANY ADDRESS:
Plot No. 9A,
Sector – 27A, Mathura Road,
Faridabad, Haryana, 121003
Phone: +91-011-41281100
Email: compliance@cleducate.com
Website: http://www.cleducate.com/
CL EDUCATE BUYBACK 2022 REGISTRAR:
KFin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/
REGISTERED BROKER OF CL EDUCATE BUYBACK:
- Kunvarji Finstock Pvt. Ltd.
CL EDUCATE BUYBACK 2022 LEAD MANAGERS:
- V B Desai Financial Services Limited
