Concall transcriptJun 2026
Jun 2026 · Transcript
Source: Nse
Chetana Education Ltd. (CHETANA)
SME CapServices stocks · SME cap · NSE
Chetana Education Ltd. (CHETANA) is an Indian listed company in the Services sector, operating in education.
₹34.15
-0.95 · -2.71%
Market cap ₹71.6 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals16 Oct 2026 · screener
Latest result20 May, 10:11 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Services P/E 17.7 (n=143)
Technical timing lens
Trend score and candlestick chart
22Bearishfull bear SMA stack · SMA20 -12.4% / mo · RSI oversold · MACD − · near 52W low
Stock trend: 22
Sector RS: —
Services FPI tailwindFlow only
FPI equity flow was positive in both fortnights, but exact sector-index confirmation is unavailable. View sector evidence
Technical chart
CHETANAD candles · FIT view-12.4%Latest close ₹34.15 on 2026-10-19
Bar
+0.0%
RSI
30
MACD hist
-0.40
52W pos
9%
2026-10-19O ₹34.15H ₹34.15L ₹34.15C ₹34.15Vol 1,600 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
CHETANANifty 500
- CHETANA
- -27.7%
- Nifty 500
- -5.6%
- Vs Nifty 500
- -22.2 pp
Chart stats
19 Oct 2026- From 52W high
- -59.3%
- 52W range position
- 8%
- ATR (14)
- 3.8%
- Volume vs 20D
- 0.09x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹33.5 - ₹43.8
₹84
₹30.1 - ₹84
₹1.3
Latest completed session
20-session average
44.1% annualized volatility
No exact NSE sector index is mapped for this company. Nifty 500 remains the broad-market comparison.
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Good U-Score but weak results consistency: verify latest quarters.
Suggested next step
Add to watchlist
Fundamental setup is interesting, but technical confirmation is weak.
U-Score
Legacy · UNDERVALUED70
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad15
Revenue +27.5% · PAT -60.0% YoY
Technical
Bearish22
Price trend and sector-relative-strength timing.
Valuation
Legacy model+80.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence61
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Bad · 15/100PAT -60% YoY · Rev +28% YoY · margin expansion
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹51 Cr | +27.5% | -13.6% |
| EBITDA | ₹8 Cr | NDF | -42.9% |
| Operating margin | 16.0% | NDF | -700 bps |
| PAT | ₹4 Cr | -60.0% | -55.6% |
| PAT margin | 7.8% | NDF | -741 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 5.19
- P/B
- 0.77
- EV/EBITDA
- 4.29
- Market Cap
- 71.60Cr
Profitability
- ROE
- 16.10%
- ROCE
- 18.90%
- ROA
- 9.77%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 57.71%
- EPS 5Y
- 14.02%
- Revenue 3Y
- 23.00%
- EPS 3Y
- 23.00%
Balance Sheet
- Debt/Equity
- 0.29
- Interest Coverage
- 11.00×
- Altman Z
- 3.33
- Book Value
- 45.30
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- -2.00 Cr
- EPS TTM
- 6.60
Shareholding
- Promoter Hold
- 74.02%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 11%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 51.0-13.6% vs prev
Net Profit
₹ CrLatest: 4.0-55.6% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 30. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~14.2% over last month) — short-term momentum negative.
- RSI(14) at 30 — oversold zone; bounce conditions.
- MACD below signal but histogram contracting — bearish momentum easing.
- 54% off 52W high · 13% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
11
RS percentile
Stage 1 Base / Transition
1M return
-22.4%
3M return
-27.0%
6M return
+3.5%
1Y return
-58.4%
RS 1D
0
RS 20D
-2
Sector rank
#12
Industry rank
#68
Stage evidence
- Price is 19.0% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed -2.4% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
224 observations
19 Oct 2026Value 49.99-1.69%
RS vs Nifty 50050
Valuation & peers
U-Score 70 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 70 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · UNDERVALUEDValuation30/30
Growth21/25
Quality11/20
Balance Sheet12/15
Cash Flow0/10
Piotroski
6/9 (+3)
Penalties
-7
Raw sum
70
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
70/100 · legacy band UNDERVALUED
Positive drivers
- Fair-value margin of safety is positive at 80.5%.
- Valuation contributes 30/30 to the score.
- Growth contributes 21/25 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Cash flow is weaker at 0/10; verify the latest quarterly trend.
- Quality is weaker at 11/20; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
5.2
PB
0.8
EV/EBITDA
4.3
ROE
16.1%
ROCE
18.9%
FCF Yield
—
Debt/Equity
0.3
MoS
+80.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
70
Previous: 70
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+80.5%
Previous: +80.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
70
70
70
70
70
70
70
70
70
70
70
70
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹82.02
+58.4% MoS
Growth-justified P/E
26.6
Growth-justified Value
₹175.23
+80.5% MoS
PEG
0.29
Comparable companies
Peers
Business-comparable peers in Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
KEEPLEARN
Small
DSJ Keep Learning Limited
Education
match 74
20
—
-14.6%
—
OVERVALUED
MOXSH
SME
Moxsh Overseas Educon Ltd.
Education
match 54
31
44.6
18.6%
-302%
OVERVALUED
PWL
Small
Physicswallah Limited
Education
match 48
23
639.0
-0.6%
-541650%
OVERVALUED
WINNY
SME
Winny Immigration & Education Services Ltd.
Education
match 48
5
—
-231.0%
—
OVERVALUED
GTECJAINX
Small
G-TEC JAINX EDUCATION LIMITED
Education
match 46
10
—
-82.9%
—
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-27T03:53:48.658Z
Management commentary snapshot
Chetana Education schedules investor meeting for H2 & FY26 presentation.
The document is an intimation of an investor meeting and does not contain any financial or operational performance data. Therefore, an evidence-based assessment of the investment thesis is not possible based on the provided information.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
The document does not provide any financial or operational data to determine a suitable comparison basis.
Management forward view
Investor Engagement
Company will meet with investors/analysts on June 18, 2026, using the H2 & FY26 Investor Presentation.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
61Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 32nd percentile of the scored universe and 31st percentile within Services. Main check: cash conversion is weak at 28/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
7 docs text-extracted · 1 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
32nd percentile
overall median 67 · Services: 31st pctile, median 66 · SME: 36th pctile, median 64
Evidence depth
Financial-only
7 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
38
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 74%.
- ▸Promoter pledge is zero.
Trust risks
- ▸Operating cash flow is negative at ₹-2 Cr.
- ▸Only 0 years of positive FCF.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
- ▸OPM spread across recent quarters is 24%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Chetana Education Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationJun 2026
Jun 2026 · PPT
Source: Company Ir
Investor presentationJun 2026
Jun 2026 · Analysts/Institutional Investor Meet/Con. Call Updates 13 June 2026 - Chetana Education schedules investor meeting on June 18, 2026, using H2 and FY26 presentation.
Source: Nse
Investor presentationMay 2026
May 2026 · Investor Presentation 21 May 2026 - Chetana Education schedules H2 FY26 earnings call on May 26, 2026 at 3:30 p.m.
Source: Nse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Investor presentationNov 2025
Nov 2025 · PPT
Source: Nse
Investor presentationJun 2025
Jun 2025 · PPT
Source: Nse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
Investor presentationDec 2024
Dec 2024 · PPT
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.