Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

Shanti Educational Initiatives Ltd

SEIL
Computer Education

Shanti Educational Initiatives Ltd's price has outrun its earnings. +75.2% in a year against EPS −15.9% — the market is paying now for delivery later.

The sharpest disagreement: the price moved +75.2% in a year while annual EPS moved −15.9% — the difference is re-rating, and re-rating has to be repaid with earnings.

The price is in a confirmed uptrend (53 weeks in) while the P/E sits at the 73rd percentile of its own 3-year range. Underneath, the last four quarters read deteriorating — profit −2.8% year on year, and −27% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.

Stage
Deteriorating
fundamental trajectory, 12 quarters
Price
₹193
+75.2% 1Y
P/E
534.0×
73rd pctile
of its own 3-year range
Revenue (Jun 26)
₹16.3 Cr
+7.5% YoY
Profit (Jun 26)
₹2.8 Cr
−2.8% YoY
Operating margin
26.3%
−0.3 pp YoY
ROCE
10%
FY26
ROIC
4.3%
vs WACC 12.0% → −7.7 pp
Cash conversion
−27%
of profit, last 3 FY
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.

Shanti Educational Initiatives Ltd trades at ₹193, in a confirmed uptrend and 53 weeks into that stage. That is +5.0% against its own 200-day average. It sits at 67% of a 52-week range of ₹110 to ₹234. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (3 weeks and counting).

Today the stock is in a confirmed uptrend — week 53 of stage 2, confirmed. At ₹193 it trades +5.0% versus its 200-day average and sits at 67% of its 52-week range (₹110–₹234).

Sep 26: ₹193 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.
+5.0% versus the 200-day line, week 53 of stage 2
Price50-day avg200-day avg
S4S2S4S2₹248₹197₹145₹93.7₹42.2₹193₹184Sep 23Jun 24Mar 25Dec 25Sep 26
S4S2S4S2₹248₹197₹145₹93.7₹42.2₹193₹184Sep 23Mar 25Sep 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (458 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
Jun 16Sep 26

Against the market, two honest reads. Cumulative: over the last 10.2 years the stock moved +2,007% while the NIFTY 500 moved +233% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (3 weeks and counting; last ahead the week of 2026-08-21) — 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.

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.

Shanti Educational Initiatives Ltd trades at 534.0× P/E, at the pricey end of its own range (73rd percentile). Its long-run median P/E is 367.4×, measured across 3.3 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 534.0× is at the pricey end of its own range (73rd percentile), against a long-run median of 367.4× measured over 3.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 534.0× vs a 367.4× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 3.3-year window; loss-period spikes above 828× 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 (73rd percentile)
P/EMedianEPS (TTM) (quarterly)
880.4×₹0.5688.7×₹0.4497.0×₹0.2305.2×₹0.1113.5×₹0.0×535.40×₹0May 23Mar 24Feb 25Dec 25Sep 26
880.4×₹0.5688.7×₹0.4497.0×₹0.2305.2×₹0.1113.5×₹0.0×535.40×₹0May 23Feb 25Sep 26
P/E
534.0×
73rd percentile of 3y
PEG
n/m
not derivable — 3-year earnings growth unavailable

🚨 Why the multiple sits where it does: over the past year annual EPS moved −15.9% against a +75.2% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 3y, of the +41.8%/yr price move, ~+19.7%/yr came from earnings growth and ~+22.1 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.

03 · Stage: Deteriorating

Stage: Deteriorating 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).

Shanti Educational Initiatives Ltd reads as deteriorating on its fundamental arc. Deteriorating — revenue, profit and EPS growth are shrinking (revenue growth −11.8% latest against +214.7% at its 12-quarter best), ROCE slipping at 10.7%. The read is built from 12 quarters across 4 curves, on full evidence.

Growth, year by year: revenue −6.4% in FY26, profit −16.6% 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
232%102%168%70%104%38%40%6.5%−24%−25%%%−6.4%−16.6%FY23FY24FY26
232%102%168%70%104%38%40%6.5%−24%−25%%%−6.4%−16.6%FY23FY24FY26
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. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue rolling over, profit rolling over
RevenueProfitEPS
233%195%167%134%101%73%36%12%−30%−49%%%−11.8%−15.6%−16.3%Sep 23Dec 24Jun 26
233%195%167%134%101%73%36%12%−30%−49%%%−11.8%−15.6%−16.3%Sep 23Dec 24Jun 26
ROCE Trailing-twelve-month operating profit (before interest and tax) as a share of average capital employed — total assets minus current liabilities, the standard textbook basis, %.
the return curve, computed quarterly
ROCE
15%13%11%9.4%7.6%%10.7%Sep 23Mar 24Dec 24Sep 25Jun 26
15%13%11%9.4%7.6%%10.7%Sep 23Dec 24Jun 26
Revenue growth
Falling
latest −11.8% · span −11.8% to +214.7%
Profit growth
Recovering
latest −15.6% · span −31.2% to +178.5%
EPS growth
Falling
latest −16.3% · span −32.5% to +100.0%
ROCE
Falling
latest 10.7% · span 8.1%–14.4%

🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.

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−6.4%+70.3%
Profit−16.6%+20.5%
EPS−15.9%+20.8%
Share price+75.2%+41.8%+74.8%+35.6%
Revenue YoY (Jun 26)
+7.5%
latest quarter vs a year ago
Profit YoY (Jun 26)
−2.8%
latest quarter vs a year ago
Revenue 10y
70.3%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

38.4/100 — rank 7 of 7 in Computer Education · 77% evidence confidence

Shanti Educational Initiatives Ltd scores 38.4 out of 100 against the 7 companies it is compared with in Computer Education, ranking 7. Price leads the evidence: RS versus the benchmark is 12%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

The four contributions add to the total exactly: 6.4 + 7 + 8.5 + 16.5 = 38.4. 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.

Shanti Educational Initiatives Ltd reported ₹16.3 Cr of revenue in the Jun 26 quarter, +7.5% year on year. That is the 2nd straight quarter of year-on-year growth. Over 3 years it has compounded at 70.3% a year. The last full year, FY26, came in at ₹54.3 Cr. The last four reported quarters add to ₹56.7 Cr.

FY26 revenue came in at ₹54.3 Cr (−6.4% on the year), capping 3 years at 70.3% compound. The latest quarter (Jun 26) printed ₹16.3 Cr, +7.5% year on year — the 2nd consecutive quarter of year-over-year growth.

FY26 revenue ₹54.3 Cr (−6.4% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 4-year window. A bar is red when it is lower than the year before.
70.3% a year over 3 years
RevenueYoY growth
63232%47168%31104%1640%0−24%₹ Cr%₹54−6.4%FY23FY24FY26
63232%47168%31104%1640%0−24%₹ Cr%₹54−6.4%FY23FY24FY26
Jun 26: ₹16.3 Cr (+7.5% 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.
2nd straight quarter of growth
Revenue (quarterly)YoY growth
25599%19419%13239%659%0−121%₹ Cr%₹167.5%Sep 23Dec 24Jun 26
25599%19419%13239%659%0−121%₹ Cr%₹167.5%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged −6.0% growth against the decade's 70.3% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew −11.8% over the last 4 quarters against +66.6%/yr over the last 8 — rolling over; TTM profit −15.6% vs +26.9%/yr — rolling over.

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.

Shanti Educational Initiatives Ltd's operating margin is 26.3% in the Jun 26 quarter, −0.3 percentage points against the same quarter a year ago. Across 4 fiscal years the operating margin has ranged 3.7% to 12.5%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 26.3%, −0.3 pp against the same quarter a year ago. Across 4 fiscal years the operating margin has ranged 3.7%–12.5%.

🚨 Why the margin moved: operating margin went −0.3 pp year on year while gross margin went −4.6 pp — the loss came mostly from the gross line: input costs and pricing.

FY26: 11.4% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 4-year window.
within a 3.7–12.5% band over 4 years
operating marginYoY change (pp)
13%6.4%11%4.4%8.1%2.3%5.6%0.3%3.0%−1.7%%%11.4%−1.1%FY23FY24FY26
13%6.4%11%4.4%8.1%2.3%5.6%0.3%3.0%−1.7%%%11.4%−1.1%FY23FY24FY26
Jun 26: 26.3% operating margin (−0.3 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)
50%88%14%59%−22%30%−57%0.0%−93%−28%%%26.3%−0.3%Sep 23Dec 24Jun 26
50%88%14%59%−22%30%−57%0.0%−93%−28%%%26.3%−0.3%Sep 23Dec 24Jun 26
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.

Shanti Educational Initiatives Ltd earned ₹2.8 Cr of net profit in the Jun 26 quarter, −2.8% year on year. Full-year FY26 profit was ₹5.9 Cr. The 3-year compound rate is 20.5%. That is 17.3% of the quarter's revenue. The same quarter a year earlier earned ₹2.9 Cr. 3 of the last 12 reported quarters were loss-making.

Jun 26 profit was ₹2.8 Cr, −2.8% year on year. On the full year, FY26 printed ₹5.9 Cr (−16.6%), and the 3-year compound rate is 20.5%.

FY26 profit ₹5.9 Cr (−16.6% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 4-year window. A bar is red when it is lower than the year before.
20.5% a year over 3 years
Net profitYoY growth
8102%670%438%26.5%0−25%₹ Cr%₹6−16.6%FY23FY24FY26
8102%670%438%26.5%0−25%₹ Cr%₹6−16.6%FY23FY24FY26
Jun 26: ₹2.8 Cr (−2.8% 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.
Net profit (quarterly)YoY growth
31,148%2783%1419%055%−1−309%₹ Cr%₹3−2.8%Sep 23Dec 24Jun 26
31,148%2783%1419%055%−1−309%₹ Cr%₹3−2.8%Sep 23Dec 24Jun 26

🚨 Why profit moved: revenue contributed +7.5% and the margin −0.3 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit −43.1% vs revenue −6.0%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

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 −27% of Shanti Educational Initiatives Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−0.2 Cr of operating cash against ₹5.9 Cr of profit. After ₹2.0 Cr of capital spending, ₹−2.0 Cr was left as free cash.

FY26: operating cash of ₹−0.2 Cr against reported profit of ₹5.9 Cr, leaving free cash of ₹−2.0 Cr after ₹2.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −27% of profit.

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

FY26: CFO ₹−0.2 Cr vs profit ₹5.9 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 4-year window, annual resolution.
−27% of 3-year profit arrived as cash
Operating cashNet profitFree cash
840−4−8₹ Cr₹0₹6₹−2FY23FY24FY26
840−4−8₹ Cr₹0₹6₹−2FY23FY24FY26
FY26: CFO = −3% of profit (three-year rate −27%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
112%70%28%−14%−56%%−3%FY23FY24FY26
112%70%28%−14%−56%%−3%FY23FY24FY26

🚨 Why conversion sits at −27%: the cash cycle tightened 140 days between FY23 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: the bigger cash user is investment — capital spending ran 2.7× depreciation over three years, so the next section's job is to check what that build-out is buying.

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).

Shanti Educational Initiatives Ltd's cash conversion cycle runs 99 days in FY26, down from 239 days in FY23. Capital spending ran ₹8.0 Cr over the last 3 years. At FY26 sales of ₹54.3 Cr each day of that cycle holds about ₹0.1 Cr, so roughly ₹15.0 Cr sits inside the business at any moment.

FY26: debtors at 110 days, inventory at 305 days — roughly 10.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 99 days, tighter than FY23's 239.

The full loop: cash goes out to suppliers and production on day 0; stock waits 305 days to sell; customers pay about 110 days after that; and suppliers themselves are paid at 315 days — netting out to the 99-day cycle.

In money terms: at FY26 sales of ₹54.3 Cr, each day of the cycle holds about ₹0.1 Cr — so the 99-day loop keeps roughly ₹15.0 Cr sitting inside the business at any moment.

FY26: a 99-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 4-year window.
−140 days vs FY23
Cash cycleInventory daysDebtor daysPayable days
338255173908days99d305d110d315dFY23FY24FY26
338255173908days99d305d110d315dFY23FY24FY26

On the investment side: capital spending of ₹8.0 Cr over the last 3 fiscal years against ₹3.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.1 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹2.0 Cr, work-in-progress ₹0.1 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.
a build-out
CapexWork-in-progress
43210₹ Cr₹2₹0FY24FY25FY26
43210₹ Cr₹2₹0FY24FY25FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

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.

Shanti Educational Initiatives Ltd earns a ROCE of 10% in FY26. That is up from a trough of 8% in FY24. Return on invested capital clears the cost of that capital by −7.7 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 10.9% net margin on 0.54× asset turns.

FY26 ROCE is 10%, recovered from a FY24 trough of 8% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 10.9% net margin × 0.54× asset turns × 1.32× balance-sheet leverage ≈ 7.8% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 4.3% − 12.0% = a −7.7 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. Negative — growth at these returns destroys value until the returns recover.

FY26: ROCE 10% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 3-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY24's 8%
ROCEROIC (annual)WACC
15%12%8.7%5.5%2.3%%10.3%4.4%FY24FY25FY26
15%12%8.7%5.5%2.3%%10.3%4.4%FY24FY25FY26
Q4 FY26: ROCE 5.7% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
13%10%7.4%4.7%2.1%%5.7%4.4%Q1 FY24Q2 FY25Q4 FY26
13%10%7.4%4.7%2.1%%5.7%4.4%Q1 FY24Q2 FY25Q4 FY26
11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Shanti Educational Initiatives Ltd carries total debt of ₹6.0 Cr against shareholder equity of ₹78.0 Cr as of Mar 26, a debt-to-equity of 0.08 — effectively unlevered. On the annual view that ratio went from 0.05 in FY22 to 0.08 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹6.0 Cr against shareholder equity of ₹78.0 Cr — a debt-to-equity of 0.08. On the annual view, debt-to-equity went from 0.05 (FY22) to 0.08 (FY26). The returns on this page are earned, not borrowed.

FY26: debt ₹6.0 Cr at 0.08× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
90.12×60.09×40.07×20.05×00.02×₹ Cr×₹60.08×FY22FY24FY26
90.12×60.09×40.07×20.05×00.02×₹ Cr×₹60.08×FY22FY24FY26
Mar 26: debt ₹6.0 Cr, debt-to-equity 0.08 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
90.12×60.09×40.07×20.05×00.02×₹ Cr×₹60.08×Mar 23Sep 24Mar 26
90.12×60.09×40.07×20.05×00.02×₹ Cr×₹60.08×Mar 23Sep 24Mar 26
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 cut 14.6 points of Shanti Educational Initiatives Ltd over 8 quarters, the biggest move on the register. That takes promoters to 49.9% of the company. Foreign institutions moved +7.1 points over the same window, to 25.7%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −14.6 points over 8 quarters to 49.9%; Foreign institutions: +7.1 points over 8 quarters to 25.7%; Domestic institutions: +0.0 points over 8 quarters to 0.0%.

🚨 Why the register moved: promoters drove it (−14.6 points), absorbed on the other side by foreign institutions (+7.1 points) — distribution into the market’s bid.

Fiscal-year ends: promoters −14.6 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
70%51%32%14%−5.2%%49.9%24.6%0.2%25.3%Mar 24Mar 25Mar 26
70%51%32%14%−5.2%%49.9%24.6%0.2%25.3%Mar 24Mar 25Mar 26
Promoters cut 14.6 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
70%51%32%14%−5.2%%49.9%25.7%0%24.4%Jun 23Dec 24Jun 26
70%51%32%14%−5.2%%49.9%25.7%0%24.4%Jun 23Dec 24Jun 26
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.

Shanti Educational Initiatives 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.

14 · Related companies · Computer Education
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Mobavenue AI Tech Ltd539682 63.9/100Mixed-positive evidence75% evidence ASLEEP 29.2/35 Revenue 100% · PAT 100% · OPM change 2 pp 95% evidence 17.8/25 ROCE 71.6% · OPM 21% 76% evidence 9.5/20 P/E 61.4× · PEG — 15% evidence 7.4/20 RS sector -67.5% · RS bench 10.6% · 1Y -74.7%6 of 12 weeks ahead 100% evidence
Exact sum: 29.2 + 17.8 + 9.5 + 7.4 = 63.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Veranda Learning Solutions LtdVERANDA 60.8/100Mixed-positive evidence87% evidence TURNING 27.8/35 Revenue 32.2% · PAT 100% · OPM change 5 pp 95% evidence 9.5/25 ROCE 12.8% · OPM 35% 95% evidence 13.5/20 P/E 33.7× · PEG — 50% evidence 10.0/20 RS sector 2.7% · RS bench 8% · 1Y -2.2%7 of 12 weeks ahead 100% evidence
Exact sum: 27.8 + 9.5 + 13.5 + 10 = 60.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Vinsys IT Services India LtdVINSYS 55.1/100Thin evidence · provisional55% evidence BREAKING OUT 17.9/35 Revenue 81.1% · PAT 57.9% · OPM change -1 pp 48% evidence 17.1/25 ROCE 21.3% · OPM 20% 95% evidence 7.6/20 P/E 28.7× · PEG — 50% evidence 12.5/20 RS sector — · RS bench 46.4% · 1Y —9 of 9 weeks ahead 25% evidence
Exact sum: 17.9 + 17.1 + 7.6 + 12.5 = 55.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4Aptech LtdAPTECHT 49.6/100Mixed-negative evidence87% evidence ASLEEP 18.5/35 Revenue 8.6% · PAT 17.8% · OPM change 0.7 pp 95% evidence 14.5/25 ROCE 15.4% · OPM 6.8% 95% evidence 13.7/20 P/E 19.7× · PEG — 50% evidence 2.9/20 RS sector -13.3% · RS bench -8.4% · 1Y -32.8%3 of 12 weeks ahead 100% evidence
Exact sum: 18.5 + 14.5 + 13.7 + 2.9 = 49.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5NIIT LtdNIITLTD 45.7/100Mixed-negative evidence80% evidence BREAKING OUT 14.8/35 Revenue 11.8% · PAT -79% · OPM change 7.8 pp 95% evidence 5.3/25 ROCE 2.2% · OPM -3.9% 95% evidence 9.0/20 P/E 90.2× · PEG — 15% evidence 16.6/20 RS sector 2.9% · RS bench 8.1% · 1Y -18.5%11 of 12 weeks ahead 100% evidence
Exact sum: 14.8 + 5.3 + 9 + 16.6 = 45.7 · Decision use: Price leads the evidence: RS versus the benchmark is 8.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
6NIIT Learning Systems LtdNIITMTS 45.5/100Mixed-negative evidence100% evidence TURNING 11.2/35 Revenue 21.7% · PAT 17.5% · OPM change -4 pp 100% evidence 17.1/25 ROCE 20.9% · OPM 16% 100% evidence 11.0/20 P/E 13.8× · PEG 2.51 100% evidence 6.2/20 RS sector -28.4% · RS bench -24.2% · 1Y -31.7%2 of 12 weeks ahead 100% evidence
Exact sum: 11.2 + 17.1 + 11 + 6.2 = 45.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Shanti Educational Initiatives Ltdthis pageSEIL 38.4/100Mixed-negative evidence77% evidence ASLEEP 6.4/35 Revenue -11.8% · PAT -15.6% · OPM change -0.3 pp 100% evidence 7.0/25 ROCE 10.3% · OPM 26.3% 100% evidence 8.5/20 P/E 534× · PEG — 15% evidence 16.5/20 RS sector 59.8% · RS bench 12% · 1Y 75.2%4 of 9 weeks ahead 70% evidence
Exact sum: 6.4 + 7 + 8.5 + 16.5 = 38.4 · Decision use: Price leads the evidence: RS versus the benchmark is 12%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Shanti Educational Initiatives Ltd's share price today?

Shanti Educational Initiatives Ltd trades at ₹193, +75.2% over the past year. The company is valued at ₹3,102 Cr. The stock sits at 67% of its 52-week range of ₹110–₹234, +5.0% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 53 weeks in. — as of 11 September 2026.

What were Shanti Educational Initiatives Ltd's latest quarterly results?

Shanti Educational Initiatives Ltd reported revenue of ₹16.3 Cr and net profit of ₹2.8 Cr for the Jun 26 quarter. Revenue rose 7.5% and profit fell 2.8% year on year. Earnings per share were ₹0.18. The operating margin was 26.3%, 0.3 pp lower than a year earlier. — as of 11 September 2026.

What is Shanti Educational Initiatives Ltd's revenue?

Shanti Educational Initiatives Ltd reported revenue of ₹16.3 Cr in the Jun 26 quarter, +7.5% year on year. For the full FY26 fiscal year, revenue was ₹54.3 Cr (−6.4%). Over the last 3 years revenue compounded at 70.3% a year. — as of 11 September 2026.

What is Shanti Educational Initiatives Ltd's profit?

Shanti Educational Initiatives Ltd earned ₹2.8 Cr of net profit in the Jun 26 quarter, −2.8% year on year. Full-year FY26 profit was ₹5.9 Cr. The operating margin ran 26.3% in the latest quarter. — as of 11 September 2026.

What is Shanti Educational Initiatives Ltd's market cap?

Shanti Educational Initiatives Ltd's market capitalisation is ₹3,102 Cr at a share price of ₹193. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is Shanti Educational Initiatives Ltd's P/E ratio?

Shanti Educational Initiatives Ltd trades at a P/E of 534.0×, at the 73rd percentile of its own 3-year range, against a long-run median of 367.4×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does Shanti Educational Initiatives Ltd pay a dividend?

No — Shanti Educational Initiatives Ltd has recorded a dividend payout of 0% of profit in each of its last 4 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 11 September 2026.

Is Shanti Educational Initiatives Ltd overvalued?

On its own history, Shanti Educational Initiatives Ltd looks expensive: its P/E of 534.0× sits at the 73rd percentile of its 3-year range (long-run median 367.4×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.

Is Shanti Educational Initiatives Ltd growing?

Not right now — Shanti Educational Initiatives Ltd's latest numbers are shrinking: latest-quarter revenue +7.5% year on year, profit −2.8%, and the margin −0.3 pp at 26.3%. The 3-year compound rates are 70.3% (revenue) and 20.5% (profit). The earnings engine currently reads: deteriorating — as of 11 September 2026.

How is Shanti Educational Initiatives Ltd performing?

Shanti Educational Initiatives Ltd is in a confirmed uptrend, 53 weeks in. Its latest quarter's revenue rose 7.5% and profit fell 2.8% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 3 weeks. This describes what the data did, not a rating. — as of 11 September 2026.

What stage is Shanti Educational Initiatives Ltd in?

Deteriorating — revenue, profit and EPS growth are shrinking (revenue growth −11.8% latest against +214.7% at its 12-quarter best), ROCE slipping at 10.7%. The read comes from the last 12 quarters of growth (revenue growth −11.8% latest, profit growth −15.6% latest, eps growth −16.3% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.

Is Shanti Educational Initiatives Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 53 of stage 2), trading +5.0% versus its 200-day average and at 67% 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 11 September 2026.

Is Shanti Educational Initiatives Ltd beating the market?

Not lately — on a trailing-13-week view Shanti Educational Initiatives Ltd is currently behind the NIFTY 500 (3 weeks and counting; last ahead the week of 2026-08-21), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.2 years the stock moved +2,007% against the NIFTY 500's +233% — ahead of the index over the full window. — as of 11 September 2026.

Will Shanti Educational Initiatives Ltd's share price go up?

This page publishes no price forecast for Shanti Educational Initiatives Ltd. What it measures instead: the share price is ₹193, the price is in a confirmed uptrend 53 weeks in. Its P/E of 534.0× sits at the 73rd percentile of its own 3-year range. — as of 11 September 2026.

Who owns Shanti Educational Initiatives Ltd?

Promoters hold 49.9% of Shanti Educational Initiatives Ltd, foreign institutions 25.7%, domestic institutions 0.0% and the public 24.4% (latest quarter). The biggest move on the register over the last two years: Promoters cut 14.6 points over 8 quarters. — as of 11 September 2026.

Does Shanti Educational Initiatives Ltd have too much debt?

No — Shanti Educational Initiatives Ltd's debt-to-equity is 0.08, and operating profit covers the interest bill 10×. FY26 borrowings were ₹5.9 Cr against equity of ₹76.6 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.

What is Shanti Educational Initiatives Ltd's capex?

Shanti Educational Initiatives Ltd spent ₹8.0 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 ₹2.0 Cr, with ₹0.1 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.

What is Shanti Educational Initiatives Ltd's cash flow?

Shanti Educational Initiatives Ltd consumed ₹0.2 Cr of operating cash in FY26 — cash flowed out rather than in (free cash flow: ₹−2.0 Cr). Operating cash was negative while the company reported a profit of ₹5.9 Cr. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is Shanti Educational Initiatives Ltd's profit real cash?

No — operating cash was negative over the last 3 fiscal years: Shanti Educational Initiatives Ltd consumed cash while reporting profit. In FY26, operating cash was ₹−0.2 Cr against reported profit of ₹5.9 Cr. Cash-flow resolution is annual — as of 11 September 2026.

Where is Shanti Educational Initiatives Ltd in its business cycle?

Shanti Educational Initiatives Ltd's FY26 operating margin was 11.4%, against a 4-year band of 3.7%–12.5%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 26.3%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What could break the Shanti Educational Initiatives Ltd story?

The sharpest disagreement: the price moved +75.2% in a year while annual EPS moved −15.9% — 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 11 September 2026.

Is Shanti Educational Initiatives Ltd a stock worth studying right now?

This is not investment advice. The machine read: Shanti Educational Initiatives Ltd's price has outrun its earnings. +75.2% in a year against EPS −15.9% — 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 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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