S Chand and Company Ltd
NSE:SCHAND
S Chand and Company Ltd
S Chand & Co. Ltd. engages in publishing of educational books. The company is headquartered in New Delhi, Delhi. The company went IPO on 2017-05-09. The Company’s operating business segment includes Early Learning, K-12, and Higher Education. The company provides Indian education content which delivers content, solutions, and services across the education lifecycle. K-12 content portfolio is offered to students from ages four through 18 years and includes numerous instructional resources across hundreds of programs, covers all subjects offered in the K-12 segment. Higher education segment includes two components namely test preparation and college and university/technical and professional. Test Preparation provides print content and digital products required by students, instructors and institutions for test preparation in competitive exams, including entrance examinations.
S Chand & Co. Ltd. engages in publishing of educational books. The company is headquartered in New Delhi, Delhi. The company went IPO on 2017-05-09. The Company’s operating business segment includes Early Learning, K-12, and Higher Education. The company provides Indian education content which delivers content, solutions, and services across the education lifecycle. K-12 content portfolio is offered to students from ages four through 18 years and includes numerous instructional resources across hundreds of programs, covers all subjects offered in the K-12 segment. Higher education segment includes two components namely test preparation and college and university/technical and professional. Test Preparation provides print content and digital products required by students, instructors and institutions for test preparation in competitive exams, including entrance examinations.
Acquisition: S Chand completed its first international acquisition, CPD Singapore, in January 2026, expanding into international curriculum markets for India and Asia.
Revenue Shift: Q3 revenue came in at INR 990 million with a PAT loss of INR 287 million, but a large segment’s revenue was shifted to Q4 due to syllabus revision, expected to be covered as new series launch in February.
AI Licensing Growth: AI dataset content licensing revenues are targeted to grow over 50% YoY in FY '26, with management confident of exceeding INR 300 million versus INR 195 million last year.
Guidance Maintained: Management reaffirmed full-year guidance of over INR 8,000 million in revenue and 18–20% EBITDA margin, expressing confidence despite the high Q4 target.
NCF Syllabus Adoption: Most classes have now adopted the new curriculum, expected to boost business over the next two academic years.
Working Capital Improvements: Achieved lowest-ever Q3 inventory days at 316 (down from 366 last year) and improved net working capital metrics.
Buyback Consideration: Management is open to buyback discussions post financial year-end, depending on cash flows and board review in May.
Growth Outlook: After the curriculum change cycle, normalized revenue growth of 8–10% is expected, with higher growth possible from acquisitions and AI content licensing.
