Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares

Maharashtra Knowledge Corporation Limited (MKCL) was promoted by the Department of Higher and Technical Education (H & TE), Government of Maharashtra (GoM), India and was incorporated under the Companies Act, 1956.

MKCL commenced its business operations in April 2002 over the entire state of Maharashtra ( the most industrialized state in India admeasuring about 300,000 sq. km. and having the population exceeding 100 million) and in a span of seventeen years it has emerged as a high-tech and high-touch initiative focused on design, development, and delivery of innovative eLearning, eGovernance, and empowerment technologies, solutions, and services to its ever-growing base of millions of customers in public at large, Universities, Governments, and Communities.

In order to make the capabilities of MKCL available to all the departments of Government of Maharashtra, governmental coordination of the affairs of the company has been handed over from January 05, 2018, to the General Administration Department (GAD) from Department of Higher & Technical Education. Subsequently, it was allocated to the Directorate of Information Technology under GAD.

Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares Details:

Total Available Shares:	1,000
Face Value:	₹ 10 Per Equity Share
ISIN:	INE03KR01016
Lot Size:	50 Shares
Current Unlisted Share Price:	₹ 450 Per Equity Share

Promoters And Management:

The government of Maharastra is the promoter of the company.

Shareholding Pattern:

Top 10 Shareholders as on 31.03.2021

Name	No. of Shares	% of Total Shares
Dr. Babasaheb Ambedkar Marathwada University, Aurangabad	3,70,000	4.58
Savitribai Phule Pune University	3,70,000	4.58
University of Mumbai	3,70,000	4.58
Sant Gadgebaba Amravati University, Amravati	3,70,000	4.58
Rashtrasant Tukadoji Maharaj Nagpur University	3,70,000	4.58
Shivaji University, Kolhapur	3,10,000	3.84
Yahswantrao Chavan Maharashtra Open University	1,85,000	2.29
Swami Ramanand Teerth Marathwada University, Nanded	1,85,000	2.29
North Maharashtra University, Jalgaon	1,85,000	2.29
Secretary, Maharashtra State Board of Technical Education	1,85,000	2.29
Mehmooda Shikshan & Mahila Gramin Bahuuddeshiya Sanstha	1,85,000	2.29

Financials of Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares:

(Fig. in Lakhs)

Year	Revenue	EBITDA	OPM	PAT	NPM	Shares	F.V.	EPS	NW	RONW
2016	16195	5019	31%	3122	19%	80.80	10	38	22,262	14%
2017	14394	3914	27%	2612	18%	80.80	10	32	24,679	11%
2018	17663	4845	27%	3282	19%	80.80	10	40	28,226	12%
2019	19007	6291	33%	4507	24%	80.80	10	55	32,487	14%
2020	18137	5250	29%	3598	19.38%	80.80	10	44	40407	8.9%
2021	10215	2188	21%	1914	18.74%	80.80	10	24	43109	4.4%
2022	14513	4396	30%	4109	28%	80.80	10	50	47012	8.7%
2023	20,323	6741	33%	4776	23.50%	80.80	10	59.11	49694	9.6%

MKCL Unlisted Share FY22-23 Highlights 1. The company's revenue grew by approximately ₹57 crores, increasing from ₹145 crores in 2022 to ₹203 crores in 2023. 2. EBITDA witnessed a remarkable increase, from ₹43.96 crores in 2022 to ₹67.41 crores in 2023 3. Profit After Tax (PAT) saw a growth of ₹8 crores, moving from ₹41crores in 2022 to ₹49 crores in 2023. 4. The company's Net Profit Margin (NPM) increased significantly, from 28% in 2022 to 23.50% in 2023. 5. The company's net worth rose by ₹26.94 crores, from ₹470 crores in 2022 to ₹496.94 crores in 2023. 6. Return on Net Worth (RoNW) improved slightly, increasing from 8.7% in 2022 to 9.61% in 2023 MKCL Unlisted Share FY21-22 Highlights

1. MKCL’s total Income for the fiscal year ended March 31, 2022 was Rs.145 Cr as compared to Rs.102 Cr in the previous year, an increase of 44% over last year. 2. The total learner count in FY 2021-22 was 4.81 lacs learners, compared to 3.17 lacs learners in FY 2020-21, representing a comparative increase of 1.64 lacs learners in FY 2021-22 over FY 2020-21. 3. Profit after tax (PAT) increased from Rs.19 Cr in F.Y. 2020-21 to Rs.42 Cr in F.Y. 2021-22 i.e. increase of 126.84%. 4. The company has not grown since FY20 ( we are not taking Fy21 as it was covid affected year ). Even if you look at the last five years of performance, there is very little growth. Making money in the stock market without growth is extremely difficult.

FY20-21 Highlights 1. The revenue has gone down drastically from 181 Crores to 102 Crores in FY20-21 due to covid situation. MKCL all Authorized Learning Centers (ALCs) were closed during period of lockdown resulting in loss of revenue. 2. The number of learners also reduced to 3,17,532 learners as against learner count of 6,96,618 in F.Y. 2019-20. 3. Another reason for decrease in revenue is due to closure of learning centers in Bihar, due to the COVID-19 pandemic, MKCL was implementing the Skill Development Program under Bihar Skill Development Mission (BSDM). 4. The Profits before Tax have decreased from Rs.68 Crores in F.Y.2019-20 to Rs.2o Crores in F.Y.2020-21 i.e. decrease of 70.18%. FY18-19 Highlights (i) Total revenues for the year ended March 31, 2019, amounted to Rs.19,007.16 Lakhs as against Rs.17,663.44 Lakhs for the corresponding previous year, the increase in total revenues is Rs.1,343.72 Lakhs i.e. 7.61% over last year. There is an increase in turnover from MS-CIT as compared to the previous FY’s turnover. MSCIT is an Information Technology (IT) literacy course started by MKCL in the year 2001. The MS-CIT learners count in FY 2018-19 was 746707 as against 724348 for FY 2017-18 which is an increase by 22359 learners i.e a 3.09% increase as compared to the previous FY. Another reason for the increase in total revenue and profits was due to revenue from the Mission Mode Skill Development Program (MMSDP) of Rs.3228.13 Lakhs as against Rs.2787.72 Lakhs for the previous FY 2017-18 which is an increase of Rs.440.41 Lakhs I .e.15.80% higher than the previous year. (ii) The Profits after tax and before OCI for the year ended March 31, 2019, amounted to Rs.4506.82 Lakhs as against Rs.3281.51 Lakhs for the previous Financial Year (FY), which is an increase of Rs.1225.31 Lakhs i.e. 37.33% higher than the previous Financial year. (iii) The company has recommended a final dividend @ Rs.3/- per equity share of Rs.10/- each. (iv) The company is debt-free. Financial Highlights FY19-20 1. Revenue from operations for the F.Y.2019-20 is Rs.15,790.37 Lakhs as against Rs.16,442.12 Lakhs in the previous F.Y.2018-19 i.e. decrease by Rs.651.75 Lakhs. The main reason for the decrease in revenue is due to the COVID-19 pandemic situation resulting in mandatory Lockdown being imposed in India from March 23, 2020. Hence, all the Authorised Learning Centers were closed. As a result of the Lockdown, there were no MS-CIT admissions for March 2020 batch. 2. The Learner count for KLiC courses has increased from 62,664 learners in F.Y.2018-19 to 70,720 Learners in F.Y.2019-20 i.e. increase by 8056 learners which is 12.86% increase as compared to previous F.Y. 3. Revenue from Mission Mode Skill Development Program (MMSDP) of Rs.3,317.28 Lakhs in F.Y. 2019-20 as against Rs.3,228.13 Lakhs for the previous F.Y. 2018-19 which is an increase of Rs.89.15 Lakhs i.e. 2.76% higher than the previous year. The number of learners under Kushal Yuva Program of Bihar, under skill development in F.Y. 2019-20 was 387407 as against 363254 in the previous F.Y. 2018-19 i.e. increase by 24153 i.e. 6.65% over last year. 4. The company is debt-free. Valuation of MKCL Unlisted Share: CMP of MKCL = 400 No. of shares outstanding = 80 Lakh Mcap = 320 Crores Mcap/Revenue = 1.5x P/E = 6x MKCL Annual Report 2023 MKCL Annual Report 2022 MKCL Anuual Report 2021 MKCL Annual Report 2020 MKCL Annual Report 2019 MKCL Annual Report 2018 MKCL Annual Report 2017

Company Address:

ICC Trade Tower, 'A' Wing, 5th Floor, Senapati Bapat Road, Shivajinagar, Pune 411 016, Maharashtra, India. Phone: +91 20 4011 4500 / 501 | +91 20 2563 0302 Email: mkcl@mkcl.org

Frequently Asked Questions:

Please find below the procedure for buying Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares at UnlistedZone.

1. You confirm booking of Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares with us at a trading price.
2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.
3. We will provide the bank details.
4. You need to transfer funds in that account.
5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.
6. Payment has to be done from the same account in which shares are to be credited.
7. We will transfer the shares in 24 hours if funds are credited before 2 pm.

Important Note: Please note that the lock-in period for selling Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares is 6 months after listing. Hence you can’t sell Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date. For any queries, please contact us at sales@unlistedzone.com

Please find below the procedure for selling Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares at UnlistedZone.

1. We will confirm our buying price of Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares.
2. We will give you our client master report and you will transfer the Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares to our demat account.
3. We will ask for bank details of yours once the Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares are received in our demat account..
4. We will transfer the funds in your bank account within 24 hrs of receiving the Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares.
5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.
6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.

Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares depends upon category of investors.

1. Venture Capital Funds or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares.
2. AIF-II - There is no locking period.
3. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares.

This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.

1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.
- a. ISIN number of Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares.
- b. Name of Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares
- c. Quantity of Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares
- d. Cosideration Amount
- e. Target DP ID and Client ID
- f. Annexure
2. Online DIS - Some of the broker these days gives facility of transferring the Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares by filling the details similar to Ofline-DIS.

Read our article to understand more about this. https://unlistedzone.com/how-do-i-sell-my-unlisted-shares/

In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares then minimum investment would be 35-50k.

Yes, buying and selling of unlisted shares in India is 100% legal.

If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.

If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.

After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.

If you buy Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.

Check credit of Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares Instantly?

1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Demat Account = DP ID + Client ID. (16 Characters )
"DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
Example:
CDSL = 12345678(DP ID) and 91234567(Client ID).
NSDL = IN123456 (DP ID) and 78912345(Client ID).
Check in brokers application?
Credit of Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

The Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.

The price of Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.

If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.

"UnlistedZone is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, UnlistedZone has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with UnlistedZone."

We at UnlistedZone do the valuation based on 2 methods.

1. We check the last funding that is being done in the Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares to ascertain the benchmark valuation.
2. If there is no funding happened in the company, then we try to find a business similar to Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares in the listed space and do comparison method to ascertain the valuation.

As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.

We source shares either from the employees or initial investors looking to liquidate their Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares.

Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares in the unlisted market itself.

Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.

For tracking news and other information about Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.

Discussion on Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares:

1 Comment

Deepak

10:00 AM, 12 May 2019

The government of Maharashtra owns major stake in the company directly and also indirectly via universities. What are the chances of IPO coming for this company? Which year can we expect IPO?
Also what is the impact of political clout in the company since the company was formed under NCP regime?

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