Crizac Limited (CRIZAC)

Micro Cap

Crizac Limited is an Indian B2B global education services platform, founded in 2011. It connects students, recruitment agents, and universities across international markets, leveraging a proprietary platform to process global student applications. Headquartered in India with operations in London and Sharjah, it has facilitated 11 lakh+ student applications till FY26.

₹151.39

-4.96 · -3.17%

Market cap ₹2,733 Cr

Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm IST

Details

Quote19 Oct, 03:31 pm IST

Base fundamentals17 Oct 2026 · screener

Latest result03 Aug, 07:11 pm IST

Score20 Oct, 04:30 am IST · v4.3-runtime-valuation

Tags15 Aug 2026

Coverage13/14 · 93%

Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)

Technical timing lens

Trend score and candlestick chart

25Bearish

full bear SMA stack · SMA20 -3.1% / mo · MACD − · near 52W low · sector -3.7pp vs Nifty 500 (3M)

Stock trend: 18

Sector RS: 36

Sector 3M: -9.3% vs Nifty 500 -5.6%

Consumer FPI tailwindNot confirmed

Latest mapped FPI equity flow was not positive. View sector evidence

Compare peers →

Technical chart

CRIZACD candles · FIT view-29.1%

Latest close ₹151.39 on 2026-10-19

Bar

-3.6%

RSI

MACD hist

-1.54

52W pos

2026-10-19O ₹157.00H ₹157.00L ₹151.00C ₹151.39Vol 1.4L 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

CRIZACNifty Consumer DurablesNifty 500

CRIZAC: -18.6%
Nifty 500: -5.6%
Nifty Consumer Durables: -9.7%
Vs Nifty 500: -13.0 pp

Chart stats

19 Oct 2026

From 52W high: -54.5%
52W range position: 1%
ATR (14): 4.5%
Volume vs 20D: 0.55x
Avg traded value: ₹4.3 Cr
20D price channel: ₹150 - ₹192.9

Quarter ended 30 Jun 2026

Bad · 0

Rev -4% YoY · PAT 0% YoY · margin expansion

Revenue: ₹201 Cr; YoY -4.3%
PAT: ₹46 Cr; YoY +0.0%
Operating margin: 30.0%; QoQ +600 bps
PAT margin: 22.9%; QoQ +401 bps

Filed 03 Aug 2026Full result & history →

Current-quarter concall

Transcript not linked yet

No source-linked earnings-call transcript is available for this company in the active results quarter.

Search Concall Intelligence

Technical snapshot

Positioning and participation

Stage 4 Downtrend

Current trend context ranked against all active NSE stocks. It describes the chart; it is not a buy or sell signal.

RS percentile: 7; -3 ranks over 20D
Stage 2 entry: Not in Stage 2; Current classification: Stage 4 Downtrend
Sector rotation: #9; neutral · 495 stocks
Industry rotation: —; Fewer than five rank-eligible peers

Trend structure

Below 20-DMABelow 50-DMABelow 200-DMA

RSI (14)

Weak momentum

MACD

Below signal

Histogram -1.54

Volume participation

0.5x average

Versus 20-session average

20-session position

3% of range

₹150 low · ₹192.89 high

Relative performance

vs Nifty 500

1M: -9.4 pp; stock -12.9%
3M: -13.0 pp; stock -18.6%
6M: -30.2 pp; stock -33.8%
1Y: -45.5 pp; stock -52.5%

From 52W high

-54.5%

High ₹333

52W range position

₹150 - ₹333

ATR (14)

4.5%

₹6.8

Avg traded value

₹4.3 Cr

20-session average

Current setup

No confirmed setup attached

Review the chart and detailed technical evidence before drawing a conclusion.

Open detailed technicals →

Research snapshot

What the evidence says now

Strong fundamentals, management evidence is still limited to a financial-only Trust Lite signal, but price trend argues for patience. Suitable for staggered entry or watchlist confirmation rather than aggressive buying.

Strong U-Score but weak trend: timing is not confirming the thesis.

Suggested next step

Add to watchlist

Fundamental setup is interesting, but technical confirmation is weak.

U-Score

Legacy · DEEP VALUE

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Quarter ended 30 Jun 2026

Bad · 0/100

Rev -4% YoY · PAT 0% YoY · margin expansion

Filed 03 Aug 2026

Open results browser →

Metric	This quarter	YoY	QoQ
Revenue	₹201 Cr	-4.3%	-48.7%
EBITDA	₹61 Cr	+0.0%	-35.8%
Operating margin	30.0%	+100 bps	+600 bps
PAT	₹46 Cr	+0.0%	-37.8%
PAT margin	22.9%	+99 bps	+401 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E: 12.40
P/B: 4.67
EV/EBITDA: 8.82
Market Cap: 2733.00Cr

Profitability

ROE: 40.30%
ROCE: 52.30%
ROA: 25.11%
Dividend Y: 5.12%

Growth (CAGR)

Revenue 5Y: 56.00%
EPS 5Y: 60.00%
Revenue 3Y: 30.00%
EPS 3Y: 25.00%

Balance Sheet

Debt/Equity: 0.00
Interest Coverage: —
Altman Z: 9.01
Book Value: 33.40

Cash Flow

FCF Yield: 7.24%
FCF Positive Y: 3/5
OCF: 144.00 Cr
EPS TTM: 12.59

Shareholding

Promoter Hold: 79.94%
Promoter Pledge: 0.00%
Momentum 52W: 3%

Financial History

Updated 20/10/2026

Revenue

₹ Cr

Latest: 201-48.7% vs prev

Net Profit

₹ Cr

Latest: 46.0-37.8% 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

Daily technical trend read

Bearish setup

Trend is weak — long-term trend down. RSI 33.

Price < SMA20 < SMA50 < SMA200 — full bearish stack.
SMA20 falling (~3.2% over last month) — short-term momentum negative.
RSI(14) at 33 — falling, no extreme reading.
MACD below signal but histogram contracting — bearish momentum easing.
Within 5% of 52-week low — testing support.

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

RS percentile

Stage 4 Downtrend

1M return

-12.9%

3M return

-18.6%

6M return

-34.3%

1Y return

-50.8%

RS 1D

RS 20D

-3

Sector rank

Industry rank

Stage evidence

Price is 22.0% below the 30-week proxy.
The 50-DMA is below the 30-week proxy and its slope is falling -3.5%.
Both 3-month and 6-month returns are negative.

50-DMA

price below

200-DMA

price below

Sector

neutral

Industry

unranked

Relative-strength line vs Nifty 500 (base 100)

262 observations

19 Oct 2026Value 51.95-2.17%

RS vs Nifty 50052

Valuation & peers

U-Score 83 · legacy U-Score band DEEP VALUE · valuation evidence and comparable companies

Top Setup

Fundamental score breakdown

U band · DEEP VALUE

Valuation18/30

Growth21/25

Quality18/20

Balance Sheet11/15

Cash Flow9/10

Piotroski

8/9 (+5)

Penalties

Raw sum

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

83/100 · legacy band DEEP VALUE

Positive drivers

FCF yield is supportive at 7.2%.
Piotroski is strong at 8/9.
Fair-value margin of safety is positive at 63.9%.

Main drags

Valuation is weaker at 18/30; verify the latest quarterly trend.
Balance sheet is weaker at 11/15; verify the latest quarterly trend.
Growth is weaker at 21/25; verify the latest quarterly trend.

Sector valuation model

Consumer valuation: PE/PEG and brand-quality premium

Consumer franchises can deserve higher multiples, but only when growth quality supports them.

Consumer PE/PEG

Primary lens

PE and PEG relative to growth, ROE, margins, and brand strength.

Secondary checks

Volume growth, pricing power, distribution, same-store or category growth.

Main risk check

Premium valuation needs durable growth and margin resilience.

12.4

4.7

EV/EBITDA

8.8

ROE

40.3%

ROCE

52.3%

FCF Yield

7.2%

Debt/Equity

0.0

MoS

+63.9%

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: 20 Oct 2026

v4.3-runtime-valuation

Final score

Previous: 83

Legacy U-Score band

DEEP VALUE

Previous: DEEP VALUE

Margin of safety

+63.9%

Previous: +63.9%

Score history

12 stored score snapshots. Latest stored move: +0 points.

20 Oct 2026

v4.3-runtime-valuation

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

₹97.27

-55.6% MoS

Growth-justified P/E

33.3

Growth-justified Value

₹419.25

+63.9% MoS

PEG

0.27

Comparable companies

Peers

Business-comparable peers in Consumer — 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.

Compare all ↗

Ticker

Name

Why peer

Score

ROE

MoS

Verdict

Kapston Services Limited

Happy Square Outsourcing Services Ltd.

Spectrum Talent Management Ltd.

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 2026-06-08T08:08:59.782Z

Management commentary snapshot

Crizac reported strong FY26 performance with revenue up 22.7% YoY to ₹10,422 Mn and PAT up 41.4% YoY to ₹2,191 Mn. Q4 FY26 revenue grew 15.0% YoY and 40.6% QoQ, with PAT up 50.3% YoY and 50.3% QoQ, driven by application and agent growth.

Crizac's platform model demonstrates strong operating leverage, with EBITDA margin expanding 172 bps YoY for FY26 and 467 bps YoY for Q4 FY26. Strategic acquisitions and AI investments are accelerating geographic and capability expansion. While macro headwinds exist, the company's diversified presence and focus on structured growth position it well to capture long-term demand in global education.

Current business mix

FY26 Revenue by Destination Country

Latest issuer-disclosed distribution across 4 reported categories.

UK97.0%

Republic Of Ireland2.0%

Dubai0.4%

Others0.6%

Growth engines

Structural Growth in Global Education

Global higher education enrollments projected to reach 332 Mn by CY30E (3.4% CAGR CY22-CY30E), with global spend on overseas education reaching $420 Bn by CY30E (7.0% CAGR CY24-CY30E).

Platform-Led Network Effects

Proprietary AI-enabled platform drives scalable growth through more university partners, larger agent network, and higher application volumes, leading to better student outcomes.

Geographic Diversification

Driving diversification through organic expansion and strategic acquisitions across multiple origin countries and destination markets, reducing single-market dependency.

Ancillary Revenue Layer

Developing additional services like student loans (launched in FY26) to improve stickiness, enhance monetization, and increase revenue per student.

Capacity and execution

New Zealand Vertical Expansion

Scaled New Zealand vertical through onboarding the Medway Educational Consultants team in April 2026, deepening destination market presence.

LATAM Market Entry

Acquired Studies Planet in October 2025, opening the LATAM market as a new source region.

Domestic Origination & B2C Expansion

Acquired a 51% stake in Global Tree Careers in January 2026, strengthening domestic origination and broadening the B2C service portfolio.

AI-Driven Student Matching

Committed US$2.5 million to the Edumentor project in March 2026, advancing AI-driven student matching capabilities.

Tailwinds

Long-term Structural Demand

Management states long-term structural demand for quality international education remains strong, underpinned by growing aspirations across core source markets.

India as a Strong Source Market

India is the largest source of international students in the USA and UK, with UK visa grant rate for Indians at 96% in Q1 2025 and +44% YoY applications in Q2 2025.

Compliance Favors Structured Platforms

Stricter regulations and higher compliance requirements are reshaping international recruitment, favoring organized and scalable companies with stronger screening capabilities.

Headwinds

Evolving Visa Policies

Global student mobility is navigating a dynamic environment with evolving visa policies.

Geopolitical Disruptions

Geopolitical disruptions in certain regions are impacting global student mobility.

Currency Strength

Strengthening of the US Dollar and Pound Sterling adds to the cost burden for students from emerging source markets.

Risk radar

Regulatory Changes

The safe harbor statement highlights risks from changes in government regulations, laws, statutes, judicial pronouncements, and tax regimes.

Competition

The safe harbor statement notes risks related to competition in the various business verticals.

Talent Attraction and Retention

The safe harbor statement identifies the ability to attract and retain high-quality human resources as a risk factor.

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

YoY comparison is crucial for assessing annual growth and the impact of strategic initiatives over a full year. QoQ comparison is important for Q4 FY26 to observe sequential momentum, especially given the recent acquisitions and their integration effects.

Sector KPIs management disclosed

Applications Processed

3.94 lakhs in FY26, a YoY growth of 43.0%.

Active Agents

5,389 in FY26, a YoY growth of 36.5%.

Student Enrollments

24,697 in FY26, a YoY growth of 13.8%.

Number of Universities

198 global institutions catered to in FY26, up from 173 in FY25.

Management forward view

Accelerated Inorganic Growth

Management states the pace of inorganic activity is visibly accelerating, with four strategic transactions completed during FY26 to compress timelines for geographic entry and capability build-out.

Continued Evaluation of Opportunities

Management remains actively engaged in evaluating opportunities across both new and existing geographies, targeting assets that enhance scale, technology, or market access.

Building Diversified Portfolio

Management aims to build a globally diversified portfolio for sustainable long-term growth through multi-origin processing, destination diversification, and global presence expansion.

Enhancing AI Capabilities

Strategic investment in the Edumentor project aims to enable precise student-university matching, integrate verified peer mentorship, and improve conversion outcomes.

Thesis monitor

Numbers and claims to verify in the next filings

Checkpoint	Current evidence	What to verify next
Applications Processed Growth	43.0% YoY in FY26	Sustained high growth rates, indicating continued demand and platform effectiveness despite headwinds.
EBITDA Margin	27.1% in FY26, 24.0% in Q4 FY26	Further expansion, demonstrating operating leverage from platform scalability and successful integration of acquisitions.
Net Debt/EBITDA	(1.66) in FY26	Maintenance of a strong net cash position, supporting organic and inorganic growth without increasing financial leverage.
Ancillary Services Contribution	Student loans launched in FY26	Evidence of increasing revenue contribution and improved monetization from new ancillary services.

Verification checkpoints are IndiaPulse research interpretation, not investment advice.

Trust Score

80Limited 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 90th percentile of the scored universe and 93rd percentile within Consumer. No major sub-score weakness stands out.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 05 Sept 2026

management-trust-v1

26 docs text-extracted · 8 concalls text-extracted

Score band

Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank

90th percentile

overall median 67 · Consumer: 93rd pctile, median 66 · Micro: 81st pctile, median 73

Evidence depth

Financial-only

26 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 confidence

What 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

Can support position sizing if valuation and trend also agree.

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

strong · holding, pledge, alignment

Cash flow

strong · profit to cash conversion

Balance sheet

strong · leverage and solvency

Discipline

strong · capital discipline

Results

acceptable · quarterly consistency

Trust positives

▸Promoter holding is 79.9%.
▸Promoter pledge is zero.
▸FCF yield is 7.1%.
▸Debt/equity is 0.00.

Trust risks

▸ROCE trend is -12.4%.
▸OPM spread across recent quarters is 20%.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Compare Consumer stocks Browse Indian stocks starting with C Explore fundamental stock screeners Browse Indian investment themes

Related companies

Quess Corp Limited (QUESS)Kapston Services Limited (KAPSTON)Happy Square Outsourcing Services Ltd. (WHITEFORCE)WE WIN LIMITED (WEWIN)Spectrum Talent Management Ltd. (SPECTSTM)

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

Source: Bse

Open source ↗

Verify on:NSE India ↗

All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.

Crizac Limited (CRIZAC)

Trend score and candlestick chart

Technical chart

Relative performance and chart statistics

What the evidence says now

Financials

Quarter ended 30 Jun 2026

Fundamentals

Valuation

Profitability

Growth (CAGR)

Balance Sheet

Cash Flow

Shareholding

Revenue

Net Profit

Technicals

Daily technical trend read

Relative Strength & Trend Stage

Valuation & peers

Fundamental score breakdown

Why this score?

Positive drivers

Main drags

Consumer valuation: PE/PEG and brand-quality premium

Stored run vs live recompute

Score history

Factor attribution

Modelled fair value

Comparable companies

Business, management & trust

Where growth can come from, and what can break the case

FY26 Revenue by Destination Country

Structural Growth in Global Education

Platform-Led Network Effects

Geographic Diversification

Ancillary Revenue Layer

New Zealand Vertical Expansion

LATAM Market Entry

Domestic Origination & B2C Expansion

AI-Driven Student Matching

Long-term Structural Demand

India as a Strong Source Market

Compliance Favors Structured Platforms

Evolving Visa Policies

Geopolitical Disruptions

Currency Strength

Regulatory Changes

Competition

Talent Attraction and Retention

What management said, and what results must prove

Applications Processed

Active Agents

Student Enrollments

Number of Universities

Accelerated Inorganic Growth

Continued Evaluation of Opportunities

Building Diversified Portfolio

Enhancing AI Capabilities

Numbers and claims to verify in the next filings

How to read this Trust Score

Forensic breakdown

Trust positives

Trust risks

Continue researching Crizac Limited

Important announcements & filings

Announcement under Regulation 30 (LODR)-Press Release / Media Release 14 Oct - Crizac launches Partner Growth Program offering marketing support, counsellor certification, and branding for 17,400+ partners.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 21 Sep - Intimation of Schedule of analyst/investor meet under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015

Announcement under Regulation 30 (LODR)-Change in Management 11 Sep - AGM approved Christopher Flood Nagle’s appointment and reappointed Anuj Saraswat and Payal Bafna as directors.

Aug 2026 · Transcript

Aug 2026 · PPT

Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Aug - Crizac Limited has informed about the copy of Newspaper Publication informing the Members of the Company, about the 15th AGM of scheduled to be held …

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Aug - Crizac Limited has informed the Stock Exchange about the Schedule of Meet under Regulation 30 of SEBI (Listing Obligation & Disclosure Requirements) Regulation, 2015

Announcement under Regulation 30 (LODR)-Press Release / Media Release 13 Jul - Crizac partners ETS to expand authorised TOEFL and GRE preparation access for 100,000+ students annually.

Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Aug - Newspaper Publication of Unaudited Financial Results (Standalone & Consolidated) for Quarter Ended June 30, 2026

Announcement under Regulation 30 (LODR)-Acquisition 15 Jun - Crizac to invest Rs 1.25 crore in Edument Consultancy via CCPS and CCD.

Announcement under Regulation 30 (LODR)-Press Release / Media Release 15 Jun - Crizac invests in ForeignAdmits; Nikhil Jain joins as Chief Product & Marketing Officer.

May 2026 · PPT