Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

Global Education Ltd

GLOBAL
Miscellaneous

Global Education Ltd's price has outrun its earnings. +56.2% in a year against EPS −6.0% — the market is paying now for delivery later.

The sharpest disagreement: the price moved +56.2% in a year while annual EPS moved −6.0% — the difference is re-rating, and re-rating has to be repaid with earnings.

The price is in a confirmed uptrend (36 weeks in) while the P/E sits at the 77th percentile of its own 8-year range. Underneath, the last four quarters read improving — profit +92.5% year on year, and 73% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.

Stage
Turning around
partial read
Price
₹99.2
+56.2% 1Y
P/E
19.6×
77th pctile
of its own 8-year range
Revenue (Mar 26)
₹24.1 Cr
+46.5% YoY
Profit (Mar 26)
₹8.2 Cr
+92.5% YoY
Operating margin
47.0%
+7.5 pp YoY
ROCE
29%
FY26
ROIC
16.8%
vs WACC 12.0% → +4.8 pp
Cash conversion
73%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Global Education Ltd trades at ₹99.2, in a confirmed uptrend and 36 weeks into that stage. That is +7.0% against its own 200-day average. It sits at 65% of a 52-week range of ₹61 to ₹120. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (4 weeks and counting).

Today the stock is in a confirmed uptrend — week 36 of stage 2, confirmed. At ₹99.2 it trades +7.0% versus its 200-day average and sits at 65% of its 52-week range (₹61–₹120).

Jul 26: ₹99.2 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+7.0% versus the 200-day line, week 36 of stage 2
Price50-day avg200-day avg
S2S4S1S2₹146₹118₹90.0₹62.0₹34.0₹99₹93Jul 23Apr 24Feb 25Nov 25Jul 26
S2S4S1S2₹146₹118₹90.0₹62.0₹34.0₹99₹93Jul 23Feb 25Jul 26
Beating or trailing, week by week since 2017 Each cell is one week from 2017 to now (468 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 17Jul 26

Against the market, two honest reads. Cumulative: over the last 9.4 years the stock moved +881% while the NIFTY 500 moved +203% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (4 weeks and counting; last ahead the week of 2026-06-25) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 77th percentile of its own range.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Global Education Ltd trades at 19.6× P/E, at the pricey end of its own range (77th percentile). Its long-run median P/E is 11.0×, measured across 8.0 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 19.6× is at the pricey end of its own range (77th percentile), against a long-run median of 11.0× measured over 8.0 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 19.6× vs a 11.0× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 8.0-year window; loss-period spikes above 33× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (77th percentile)
P/EMedianEPS (TTM) (quarterly)
35.5×₹8.226.6×₹6.117.8×₹4.18.9×₹2.00.0×₹0.0×19.60×₹5Aug 18Dec 20Nov 22Oct 24Jul 26
35.5×₹8.226.6×₹6.117.8×₹4.18.9×₹2.00.0×₹0.0×19.60×₹5Aug 18Nov 22Jul 26
P/E
19.6×
77th percentile of 8y

🚨 Why the multiple sits where it does: over the past year annual EPS moved −6.0% against a +56.2% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the +58.8%/yr price move, ~+27.4%/yr came from earnings growth and ~+31.4 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

03 · Stage: Turning around

Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Global Education Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −33.8% at the trough to +92.5%, a 2-quarter improving streak (single-quarter readings), ROCE slipping at 29.0%. The read is built from 10 quarters across 3 curves, on partial evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
81%132%55%84%29%36%2.8%−12%−23%−60%%%46.5%92.5%−5.6%Jun 23Sep 24Mar 26
81%132%55%84%29%36%2.8%−12%−23%−60%%%46.5%92.5%−5.6%Jun 23Sep 24Mar 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
60%52%44%35%27%%29%FY23FY24FY26
60%52%44%35%27%%29%FY23FY24FY26
Revenue growth
Rising
latest +46.5% · span −16.1% to +62.4%
Profit growth
Recovering
latest +92.5% · span −46.6% to +92.5%
ROCE
Falling
latest 29.0% · span 29.0%–58.0%

Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Growth, year by year: revenue +30.6% in FY26, profit −7.1% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
65%119%44%82%23%46%1.9%9.0%−19%−28%%%30.6%−7.1%FY18FY22FY26
65%119%44%82%23%46%1.9%9.0%−19%−28%%%30.6%−7.1%FY18FY22FY26
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis). The acceleration read compares the last 4 quarters (+29.9%) with the last 8 annualized (+12.0%).
revenue accelerating, profit accelerating
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
33%−1.5%23%−9.7%12%−18%2.1%−26%−8.1%−34%%%29.9%−5.5%Jun 23Sep 24Mar 26
33%−1.5%23%−9.7%12%−18%2.1%−26%−8.1%−34%%%29.9%−5.5%Jun 23Sep 24Mar 26
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+30.6%+14.9%
Profit−7.1%+4.2%
EPS−6.0%+5.5%
Share price+56.2%+14.9%+58.8%
Revenue YoY (Mar 26)
+46.5%
latest quarter vs a year ago
Profit YoY (Mar 26)
+92.5%
latest quarter vs a year ago
Revenue 10y
14.4%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

58.6/100 — rank 7 of 36 in Miscellaneous · 76% evidence confidence

Global Education Ltd scores 58.6 out of 100 against the 36 companies it is compared with in Miscellaneous, ranking 7. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 16.4 + 20.1 + 10.8 + 11.3 = 58.6. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Global Education Ltd reported ₹24.1 Cr of revenue in the Mar 26 quarter, +46.5% year on year. That is the 4th straight quarter of year-on-year growth. Over 8 years it has compounded at 14.4% a year. The last full year, FY26, came in at ₹94.0 Cr. The last four reported quarters add to ₹93.9 Cr.

Global Education Ltd reported ₹24.1 Cr of revenue in the Mar 26 quarter, +46.5% year on year. That is the 4th straight quarter of year-on-year growth. Over 8 years it has compounded at 14.4% a year. The last full year, FY26, came in at ₹94.0 Cr. The last four reported quarters add to ₹93.9 Cr.

FY26 revenue came in at ₹94.0 Cr (+30.6% on the year), capping 8 years at 14.4% compound. The latest quarter (Mar 26) printed ₹24.1 Cr, +46.5% year on year — the 4th consecutive quarter of year-over-year growth.

FY26 revenue ₹94.0 Cr (+30.6% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 8-year window. A bar is red when it is lower than the year before.
14.4% a year over 8 years
RevenueYoY growth
10265%7644%5123%251.9%0−19%₹ Cr%₹9430.6%FY18FY22FY26
10265%7644%5123%251.9%0−19%₹ Cr%₹9430.6%FY18FY22FY26
Mar 26: ₹24.1 Cr (+46.5% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
4th straight quarter of growth
Revenue (quarterly)YoY growth
3181%2355%1629%82.8%0−23%₹ Cr%₹2446.5%Jun 23Sep 24Mar 26
3181%2355%1629%82.8%0−23%₹ Cr%₹2446.5%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged +31.9% growth against the decade's 14.4% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +29.9% over the last 4 quarters against +12.0%/yr over the last 8 — accelerating; TTM profit −5.5% vs −11.5%/yr — accelerating.

→ Revenue grew — did margins hold as it scaled? Next: 47.0% this quarter (+7.5 pp YoY).

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Global Education Ltd's operating margin is 47.0% in the Mar 26 quarter, +7.5 percentage points against the same quarter a year ago. Across 8 fiscal years the operating margin has ranged 33.0% to 59.0%. The current quarter sits inside that band.

Global Education Ltd's operating margin is 47.0% in the Mar 26 quarter, +7.5 percentage points against the same quarter a year ago. Across 8 fiscal years the operating margin has ranged 33.0% to 59.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 47.0%, +7.5 pp against the same quarter a year ago. Across 8 fiscal years the operating margin has ranged 33.0%–59.0%.

Why the margin moved: operating margin went +7.5 pp year on year while gross margin went −0.1 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY26: 38.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 8-year window.
within a 33.0–59.0% band over 8 years
operating marginYoY change (pp)
61%15%54%8.0%46%1.0%38%−6.0%31%−13%%%38%−10%FY18FY22FY26
61%15%54%8.0%46%1.0%38%−6.0%31%−13%%%38%−10%FY18FY22FY26
Mar 26: 47.0% operating margin (+7.5 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
67%11%58%1.0%49%−9.4%40%−20%31%−30%%%47.0%7.5%Jun 23Sep 24Mar 26
67%11%58%1.0%49%−9.4%40%−20%31%−30%%%47.0%7.5%Jun 23Sep 24Mar 26

→ Margins held — did that reach the bottom line? Next: profit +92.5% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Global Education Ltd earned ₹8.2 Cr of net profit in the Mar 26 quarter, +92.5% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹26.0 Cr. The 8-year compound rate is 17.8%. That is 34.1% of the quarter's revenue. The same quarter a year earlier earned ₹4.3 Cr.

Global Education Ltd earned ₹8.2 Cr of net profit in the Mar 26 quarter, +92.5% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹26.0 Cr. The 8-year compound rate is 17.8%. That is 34.1% of the quarter's revenue. The same quarter a year earlier earned ₹4.3 Cr.

Mar 26 profit was ₹8.2 Cr, +92.5% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹26.0 Cr (−7.1%), and the 8-year compound rate is 17.8%.

FY26 profit ₹26.0 Cr (−7.1% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 8-year window. A bar is red when it is lower than the year before.
17.8% a year over 8 years
Net profitYoY growth
37119%2882%1846%99.0%0−28%₹ Cr%₹26−7.1%FY18FY22FY26
37119%2882%1846%99.0%0−28%₹ Cr%₹26−7.1%FY18FY22FY26
Mar 26: ₹8.2 Cr (+92.5% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
2nd straight quarter of growth
Net profit (quarterly)YoY growth
12132%984%636%3−12%0−60%₹ Cr%₹892.5%Jun 23Sep 24Mar 26
12132%984%636%3−12%0−60%₹ Cr%₹892.5%Jun 23Sep 24Mar 26

Why profit moved: revenue contributed +46.5% and the margin +7.5 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit +7.9% vs revenue +31.9%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

→ Profit rose — but did the cash follow? Next: 73% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 73% of Global Education Ltd's reported profit arrived as operating cash — most of the profit is real cash. In FY26 that was ₹18.0 Cr of operating cash against ₹26.0 Cr of profit. After ₹6.0 Cr of capital spending, ₹12.0 Cr was left as free cash.

FY26: operating cash of ₹18.0 Cr against reported profit of ₹26.0 Cr, leaving free cash of ₹12.0 Cr after ₹6.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 73% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹18.0 Cr vs profit ₹26.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 8-year window, annual resolution.
73% of 3-year profit arrived as cash
Operating cashNet profitFree cash
3725142−10₹ Cr₹18₹26₹12FY18FY22FY26
3725142−10₹ Cr₹18₹26₹12FY18FY22FY26
FY26: CFO = 69% of profit (three-year rate 73%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
210%142%74%6.1%−62%%69%FY18FY22FY26
210%142%74%6.1%−62%%69%FY18FY22FY26

Why conversion sits at 73%: the cash cycle stretched 158 days between FY20 and FY26 — more of each rupee of profit waits inside the cycle before arriving.

Router verdict: conversion is below par and the cash cycle has stretched 158 days — the next section's job is to find where the cash is stuck.

→ So follow the cash to where it goes. Next: the 136-day cycle, in money terms.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Global Education Ltd's cash conversion cycle runs 136 days in FY26, up from −22 days in FY20. Capital spending ran ₹17.0 Cr over the last 3 years. At FY26 sales of ₹94.0 Cr each day of that cycle holds about ₹0.3 Cr, so roughly ₹35.0 Cr sits inside the business at any moment.

FY26: debtors at 164 days, inventory at 34 days — roughly 1.1 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 136 days, looser than FY20's −22.

The full loop: cash goes out to suppliers and production on day 0; stock waits 34 days to sell; customers pay about 164 days after that; and suppliers themselves are paid at 62 days — netting out to the 136-day cycle.

In money terms: at FY26 sales of ₹94.0 Cr, each day of the cycle holds about ₹0.3 Cr — so the 136-day loop keeps roughly ₹35.0 Cr sitting inside the business at any moment.

FY26: a 136-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 8-year window.
+158 days vs FY20
Cash cycleInventory daysDebtor daysPayable days
685398112−175−462days136d34d164d62dFY18FY19FY22FY24FY26
685398112−175−462days136d34d164d62dFY18FY22FY26

On the investment side: capital spending of ₹17.0 Cr over the last 3 fiscal years against ₹12.0 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹6.0 Cr, work-in-progress ₹0.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
steady investment
CapexWork-in-progress
86420₹ Cr₹6₹0FY19FY20FY23FY24FY26
86420₹ Cr₹6₹0FY19FY23FY26

The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 29% and the ROIC − WACC spread is +4.8 pp.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Global Education Ltd earns a ROCE of 29% in FY26. Return on invested capital clears the cost of that capital by +4.8 percentage points, so growth here adds value rather than only size. The wiring behind it is 27.7% net margin on 0.67× asset turns.

FY26 ROCE is 29%.

Why the return is what it is — the wiring (FY26): 27.7% net margin × 0.67× asset turns × 1.07× balance-sheet leverage ≈ 19.9% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 16.8% − 12.0% = a +4.8 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.

FY26: ROCE 29% Return on capital employed by fiscal year, % (line). 6-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the full ladder
ROCEWACC
62%48%35%22%8.3%%29%FY19FY20FY23FY24FY26
62%48%35%22%8.3%%29%FY19FY23FY26

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.00.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Global Education Ltd carries ₹0.0 Cr of borrowings against ₹131 Cr of equity in FY26, a debt-to-equity of 0.00. Over 6 years borrowings went from ₹0.0 Cr to ₹0.0 Cr. Capital spending ran ₹17.0 Cr across the last 3 of those years.

FY26: borrowings of ₹0.0 Cr against equity of ₹131 Cr — a debt-to-equity of 0.00. Over 6 years borrowings went from ₹0.0 Cr to ₹0.0 Cr while capital spending ran ₹17.0 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.

FY26: borrowings ₹0.0 Cr at 0.00× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 8-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
debt is falling while the business grows
BorrowingsDebt-to-equity
1.21.2×0.60.6×0.00.0×−0.6−0.6×−1.2−1.2×₹ Cr×₹00.00×FY18FY19FY22FY24FY26
1.21.2×0.60.6×0.00.0×−0.6−0.6×−1.2−1.2×₹ Cr×₹00.00×FY18FY22FY26

→ Who owns this, and are they adding or leaving? Next: Promoters added 1.8 points over 8 quarters.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters added 1.8 points of Global Education Ltd over 8 quarters, the biggest move on the register. That takes promoters to 72.7% of the company. Domestic institutions moved +0.1 points over the same window, to 0.1%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: +1.8 points over 8 quarters to 72.7%; Domestic institutions: +0.1 points over 8 quarters to 0.1%; Foreign institutions: +0.0 points over 8 quarters to 0.0%.

Why the register moved: promoters drove it (+1.8 points) — steady accumulation by institutions reading the same numbers this page reads.

Fiscal-year ends: promoters +1.8 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
79%57%36%15%−5.8%%72.7%0.4%0.1%26.8%Mar 24Mar 25Mar 26
79%57%36%15%−5.8%%72.7%0.4%0.1%26.8%Mar 24Mar 25Mar 26
Promoters added 1.8 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
79%58%37%15%−5.9%%72.7%0.0%0.1%27.2%Jun 23Dec 24Jun 26
79%58%37%15%−5.9%%72.7%0.0%0.1%27.2%Jun 23Dec 24Jun 26

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Global Education Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Related companies · same sector · Miscellaneous Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
Global Education Ltd this page19.6×₹519 CrTurning around
GMR Airports Ltd544.0×₹1.1L CrNo read
Aegis Vopak Terminals Ltd104.0×₹32,424 CrNo read
Sagility Ltd18.4×₹18,922 CrMixed
Central Mine Planning & Design Institute Ltd27.1×₹17,738 Cr
Embassy Developments Ltd₹8,512 CrNo read
Inox Green Energy Services Ltd74.6×₹7,703 CrMixed
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Kaveri Seed Company Ltd14.5×₹4,298 CrNo read
Indiqube Spaces Ltd₹3,844 CrNo read
TruAlt Bioenergy Ltd38.3×₹3,678 CrNo read
Anzen India Energy Yield Plus Trust₹3,324 CrNo read
Eveready Industries India Ltd25.9×₹2,595 CrNo read
Shipping Corporation of India Land & Assets Ltd66.8×₹1,925 CrTurning around
Jai Corp Ltd10.3×₹1,761 CrMixed
Delta Corp Ltd18.9×₹1,687 CrDeteriorating
Aeroflex Enterprises Ltd22.2×₹1,441 CrImproving
TCC Concept Ltd20.5×₹1,293 CrMixed
Gulshan Polyols Ltd28.5×₹1,217 CrImproving
Unitech Ltd₹1,146 CrNo read
Jindal Photo Ltd₹1,104 CrNo read
GKW Ltd₹980 CrDeteriorating
Shree Vasu Logistics Ltd154.0×₹888 Cr
IIRM Holdings India Ltd36.3×₹886 CrNo read
Stanley Lifestyles Ltd61.4×₹879 CrDeteriorating
Parin Enterprises Ltd125.0×₹810 CrMixed
FlySBS Aviation Ltd13.3×₹807 Cr
Exhicon Events Media Solutions Ltd19.6×₹799 CrNo read
Tandhan Industries Ltd₹746 CrNo read
Exhicon Events Media Solutions Ltd19.7×₹731 CrNo read
Prozone Realty Ltd62.5×₹668 CrNo read
Aqylon Nexus Ltd₹666 CrNo read
Take Solutions Ltd3,222.0×₹644 CrNo read
Aqylon Nexus Ltd₹639 CrNo read
Maagh Advertising & Marketing Services Ltd₹572 CrNo read
IIRM Holdings India Ltd28.4×₹569 CrNo read
Shree Rama Newsprint Ltd₹532 CrNo read
Qualitek Labs Ltd35.0×₹513 Cr
R K Swamy Ltd21.0×₹512 CrNo read
12 · Frequently asked questions

Frequently asked questions

What is Global Education Ltd's share price today?

Global Education Ltd trades at ₹99.2, +56.2% over the past year. The company is valued at ₹519 Cr. The stock sits at 65% of its 52-week range of ₹61–₹120, +7.0% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 36 weeks in. — as of 24 July 2026.

What were Global Education Ltd's latest quarterly results?

Global Education Ltd reported revenue of ₹24.1 Cr and net profit of ₹8.2 Cr for the Mar 26 quarter. Revenue rose 46.5% and profit rose 92.5% year on year. Earnings per share were ₹1.62. The operating margin was 47.0%, 7.5 pp higher than a year earlier. — as of 24 July 2026.

What is Global Education Ltd's revenue?

Global Education Ltd reported revenue of ₹24.1 Cr in the Mar 26 quarter, +46.5% year on year. For the full FY26 fiscal year, revenue was ₹94.0 Cr (+30.6%). Over the last 8 years revenue compounded at 14.4% a year. — as of 24 July 2026.

What is Global Education Ltd's profit?

Global Education Ltd earned ₹8.2 Cr of net profit in the Mar 26 quarter, +92.5% year on year — the 2nd straight quarter of growth. Full-year FY26 profit was ₹26.0 Cr. The operating margin ran 47.0% in the latest quarter. — as of 24 July 2026.

What is Global Education Ltd's market cap?

Global Education Ltd's market capitalisation is ₹519 Cr at a share price of ₹99.2. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is Global Education Ltd's P/E ratio?

Global Education Ltd trades at a P/E of 19.6×, at the 77th percentile of its own 8-year range, against a long-run median of 11.0×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does Global Education Ltd pay a dividend?

Yes — Global Education Ltd's dividend payout was 19% of profit in FY26, and it recorded a payout in each of its last 8 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.

Is Global Education Ltd overvalued?

On its own history, Global Education Ltd looks expensive against its own history: its P/E of 19.6× sits at the 77th percentile of its 8-year range (long-run median 11.0×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.

Is Global Education Ltd growing?

Yes — Global Education Ltd is growing: latest-quarter revenue +46.5% year on year, profit +92.5%, and the margin +7.5 pp at 47.0%. The 8-year compound rates are 14.4% (revenue) and 17.8% (profit). The earnings engine currently reads: improving — as of 24 July 2026.

How is Global Education Ltd performing?

Global Education Ltd is in a confirmed uptrend, 36 weeks in. Its latest quarter's revenue rose 46.5% and profit rose 92.5% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 4 weeks. This describes what the data did, not a rating. — as of 24 July 2026.

What stage is Global Education Ltd in?

Turning around — profit growth swung from −33.8% at the trough to +92.5%, a 2-quarter improving streak (single-quarter readings), ROCE slipping at 29.0%. The read comes from the last 12 quarters of growth (revenue growth +46.5% latest, profit growth +92.5% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.

Is Global Education Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 36 of stage 2), trading +7.0% versus its 200-day average and at 65% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is Global Education Ltd beating the market?

Not lately — on a trailing-13-week view Global Education Ltd is currently behind the NIFTY 500 (4 weeks and counting; last ahead the week of 2026-06-25), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 9.4 years the stock moved +881% against the NIFTY 500's +203% — ahead of the index over the full window. — as of 24 July 2026.

Will Global Education Ltd's share price go up?

This page publishes no price forecast for Global Education Ltd. What it measures instead: the share price is ₹99.2, the price is in a confirmed uptrend 36 weeks in. Its P/E of 19.6× sits at the 77th percentile of its own 8-year range. — as of 24 July 2026.

Who owns Global Education Ltd?

Promoters hold 72.7% of Global Education Ltd, foreign institutions 0.0%, domestic institutions 0.1% and the public 27.2% (latest quarter). The biggest move on the register over the last two years: Promoters added 1.8 points over 8 quarters. — as of 24 July 2026.

Does Global Education Ltd have too much debt?

No — Global Education Ltd's debt-to-equity is 0.00. FY26 borrowings were ₹0.0 Cr against equity of ₹131 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.

What is Global Education Ltd's capex?

Global Education Ltd spent ₹17.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹6.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is Global Education Ltd's cash flow?

Global Education Ltd generated ₹18.0 Cr of operating cash flow in FY26 and ₹12.0 Cr of free cash flow after ₹6.0 Cr of capital spending. Reported profit that year was ₹26.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is Global Education Ltd's profit real cash?

Mostly — over the last 3 fiscal years, 73% of Global Education Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹18.0 Cr against reported profit of ₹26.0 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 24 July 2026.

Where is Global Education Ltd in its business cycle?

Global Education Ltd's FY26 operating margin was 38.0%, against a 8-year band of 33.0%–59.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 47.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the Global Education Ltd story?

The sharpest disagreement: the price moved +56.2% in a year while annual EPS moved −6.0% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is Global Education Ltd a stock worth studying right now?

This is not investment advice. The machine read: Global Education Ltd's price has outrun its earnings. +56.2% in a year against EPS −6.0% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

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