S. Chand Group Achieves Impressive Milestones as an Educational Publisher

S. Chand Group marks a milestone with a 14% surge, hitting a 52-week high on remarkable trading volumes. Impressive Q1 growth continues.

on Aug 28, 2023

S. Chand Group Achieves Impressive Milestones as an Educational Publisher | Frontlist

S. Chand Group, a major Indian education services and publishing company, gained 14% on August 24, 2023, setting a new 52-week high and drawing attention due to trading volumes that were five to six times higher than usual. This surge is part of a larger narrative of impressive achievements and growth for the company.

In Q1 of this fiscal year, S. Chand Group achieved a 3.5% YoY revenue growth, the highest ever for the company in Q1. Gross margins remained strong at 68-69%.

S. Chand Group has made significant progress in improving its financial stability. The company has reduced its net working capital days by 19 days, indicating that it has become more efficient in managing its resources. Additionally, it has achieved an important milestone by becoming debt-free, and it now has a cash balance of approximately Rs 55 crore, which puts it in a strong financial position.

During a recent conference call, S. Chand Group announced their plans to invest Rs 20 crore in a potential acquisition. The move will help them expand their reach and offerings in the education sector, further solidifying their position in the industry.

Union Minister for Education, Dharmendra Pradhan, inaugurated the joint session of the National Curriculum Framework (NCF) for school education, highlighting government support for the education sector and the importance of companies like S. Chand Group in shaping the future of education in India. S. Chand Group, headquartered in New Delhi, is a leading publisher of books for primary, secondary, and higher education sectors. Notably, it was the first company in India to achieve an ISO 9001:2000 certification, a testament to its commitment to quality and excellence.

The S. Chand Group's stock has gained over 17% in the past month, solidifying its position as a rising star in the Indian education and publishing industry.