Your stock queries
5/17/2012 9:00 PM Thursday
Q: I have purchased 250 shares of Everonn Education at Rs 275 per share. Please advise me as to what I should do with these now.
- Kaushal Rupani, Kolkata, West Bengal
A: Everonn Education, BSE/NSE Code 532876/EVERONN, with a face value of Rs 10, is currently trading at Rs 212. Its 52-week high/low stand at Rs 579 and Rs 212 respectively. The stock is currently trading at a 22 per cent discount to your acquisition cost.
Everonn engages in providing education and training services in India. The company offers instructional computing technology-enabled education in government schools through turnkey projects on a build-own-operate-transfer (BOOT) model, which provides computer education, computer literacy, computer-aided learning and teachers’ training projects. It also offers a host of educational and training solutions through satellite-based VSAT technology. Further, it operates classontheweb.com, a curriculum-based eLearning portal that offers a digital repository. This portal offers content for mathematics, physics, chemistry, biology, social sciences, English grammar, business studies, economics and accountancy to cater to all the academic needs of students.
On the financial front, the company’s results for 9MFY12 have not been particularly impressive. The topline witnessed a decline of 4.85 per cent on a YoY basis, standing at Rs 269.85 crore as against Rs 283.61 crore for 9MFY11. It reported a loss of Rs 4.85 crore for 9MFY12 as against a profit of Rs 38.07 crore for 9MFY11. On the valuations front, the stock discounts its trailing 12-month earnings by 20.93x and the EV/EBITDA stands at 3.42x. At present, we suggest that you exit the stock even if you have to book losses.
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