Maharashtra Knowledge Center Ltd Unlisted Share

About Maharashtra Knowledge Center Ltd Unlisted Share

Maharashtra Knowledge Corporation Limited (MKCL) was established by the Department of Higher and Technical Education, Government of Maharashtra (GoM) under the Companies Act, 1956. Since its inception in April 2002, MKCL has become a high-tech initiative focused on developing and delivering innovative eLearning, eGovernance, and empowerment solutions. Operating across Maharashtra, one of India’s most industrialized states, MKCL has served millions of customers, including public institutions, universities, governments, and communities.

In 2018, the coordination of MKCL’s affairs was transferred to the General Administration Department (GAD) of the Government of Maharashtra, which oversees its operations through the Directorate of Information Technology.

Financial Highlights

FY22-23 Key Highlights

• Revenue Growth: Revenue increased by ₹57 crores, from ₹145 crores in FY22 to ₹203 crores in FY23.
• EBITDA Increase: EBITDA grew significantly, from ₹43.96 crores in FY22 to ₹67.41 crores in FY23.
• Profit After Tax (PAT): PAT rose by ₹8 crores, from ₹41 crores in FY22 to ₹49 crores in FY23.
• Net Profit Margin (NPM): NPM remained robust at 23.50% in FY23, compared to 28% in FY22.
• Net Worth: The company’s net worth increased by ₹26.94 crores, reaching ₹496.94 crores in FY23.
• Return on Net Worth (RoNW): RoNW slightly improved from 8.7% in FY22 to 9.61% in FY23

FY19-20 Key Highlights

• Revenue Decline: Revenue from operations decreased to ₹15,790.37 lakhs in FY20, from ₹16,442.12 lakhs in FY19, primarily due to COVID-19 impacts.
• Learner Increase: Learner count for KLiC courses increased by 12.86%, from 62,664 learners in FY19 to 70,720 learners in FY20.
• Revenue from MMSDP: Revenue from the Mission Mode Skill Development Program (MMSDP) increased by 2.76%, from ₹3,228.13 lakhs in FY19 to ₹3,317.28 lakhs in FY20.
• Debt-Free: The company remains debt-free.

MKCL Unlisted Share Valuation

• Current Market Price (CMP): ₹400
• Shares Outstanding: 80 Lakh
• Market Capitalization (MCap): ₹320 Crores
• MCap/Revenue: 1.5x
• Price-to-Earnings (P/E): 6x

MKCL continues to be a key player in the eLearning and eGovernance sectors, with consistent growth and a strong presence in Maharashtra and beyond. The company is positioned to leverage its expertise in empowering communities through its educational and technological initiatives.

Disclaimer*This research has been conducted on available data. Investors are advised to perform their own research and due diligence before making any investment decisions. We are not responsible for any financial losses or inaccuracies in the data provided

Pros

• Consistent Revenue and Profit Growth – MKCL has shown strong financial performance, with revenue and PAT increasing significantly in recent years.
• Debt-Free Status – The company has no debt, reducing financial risk and improving its stability.
• Strong Market Presence – With millions of learners and a solid foothold in Maharashtra’s eLearning and eGovernance sectors, MKCL has a reliable customer base.

Cons

• COVID-19 Impact on Growth – The company faced significant revenue and learner enrollment declines during the pandemic, which could indicate vulnerabilities in its business model.
• Dependence on Government Policies – Being closely linked to the Maharashtra government, MKCL’s future operations and revenue streams could be affected by policy changes.
• Limited Geographic Expansion – While strong in Maharashtra, MKCL has not aggressively expanded into other states or countries, limiting its growth potential.

Key Details