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.

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Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares Details:

Total Available Shares:	1,000
Face Value:	₹ 10 Per Equity Share
ISIN:	INE03KR01016
Lot Size:	100 Shares
Current Unlisted Share Price:	₹ Best In Industry Per Equity Share

Promoters And Management:

The government of Maharastra is the promoter of the company.

Shareholding Pattern:

Top 10 Shareholders as on 31.03.2020

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	20076	7319	36%	6797	33%	80.80	10	65	39042	17%

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: CMP of MKCL = 300 No. of shares outstanding = 80 Lakh Mcap = 240 Crores Mcap/Revenue = 1.2x (undervalued) P/E = 5x ( Highly undervalued) 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

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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Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares

Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares Details:

Promoters And Management:

Shareholding Pattern:

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

Company Address:

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

1 Comment

Deepak

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