BACKGROUND
-Set up in 1959 is an educational syllabus based content provider in print and digital medium
Manufacturer of Scholastic paper stationary and publisher of general and Children books
-Published more than 5000 titles
-Products sold under the names 'Navneet',Vikas,Gala,Grafalco,FfUunN and Boss.
-State of Art Manufactruing facilities in Virar,Guma,Dantali,Silvassa.
-Ventured into Digital Learning with eSense in 2009,used by 15500 classrooms uptil 2015 in Gujarat and Maharashtra.
-Forayed into Pre School Business under the name 'Leapbridge Education' with 7 Pre schools in Pune and Mumbai
-Acquired a minority stake in School Management company owning 61 state board schools in Andhra Pradesh and 12 cbse schools in Maharashtra.
POSITIVES
-Stationary segment grew 17% year on year basis
-Digital learning will continue to perform better with more penetration in state board schools in Gujrat and Maharasthra.
-Dominant Market share in Western India of approx 65%
-Exports of paper stationary adding up to volumes
NEGATIVES
-Rising Input cost ever increasing raw material costs
-Companies relies on intellectual property rights and propritory right which may not be adequately protected under current laws and the industry is prone to defamation suits etc
-Highly competitive industry with lot of changes happening every moment and need to adapt those changes to remain in business.
Highly Recommended at current market price of 94 rs for medium to long term.
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