Debt-free multibagger stock to keep under radar after Board announces record date for stock split & PAT jumps over 50 per cent QoQ
The stock gave multibagger returns of 1,430 per cent in 5 years.
Global Education Ltd (GEL) proposes to subdivide its existing equity shares from a face value of Rs 5 to Rs 2 each. This will result in the creation of two new equity shares for every existing one. Concurrently, the company intends to amend its Memorandum of Association to reflect the altered share capital structure. The authorized share capital will remain at Rs 12 crore, but will now be divided into 5,97,50,000 equity shares of Rs 2 each and 5,00,000 redeemable preference shares of Re 1 each. The record date for stock split is fixed as Tuesday, December 10 2024.
According to Quarterly Results, the total income increased by 68.6 per cent to Rs 25.66 crore and net profit increased by 50.9 per cent to Rs 10.65 crore in Q2FY25 over Q1FY25. In its half-yearly results, the total income increased by 6.5 per cent to Rs 40.88 crore and net profit decreased by 8.8 per cent to Rs 17.75 crore in H1FY25 over H1FY24
Global Education Ltd (GEL), established in 2011, is a comprehensive educational service provider and consultancy firm. Offering a wide range of services, GEL caters to various organizations, including educational institutions, corporations and banks. Their expertise spans business management consulting, skill development programs, and admission assistance. From infrastructural support and online examinations to marketing and branding, GEL provides a one-stop solution for educational needs. Additionally, they offer a variety of products, such as computer hardware, tools, and printed materials, primarily serving educational institutions. With a strong network and a clientele that includes industry giants like Capgemini, HCL and Wipro, GEL has established itself as a reliable and trusted partner in the education sector.
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The company has a market cap of Rs 366 crore and is debt-free. The company has delivered good profit growth of 35.5 per cent CAGR over the last 5 years and has been maintaining a healthy dividend payout of 28 per cent. The shares of the company have an ROE of 40 per cent and an ROCE of 55 per cent. The stock gave multibagger returns of 1,430 per cent in 5 years. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.