About MT Educare Ltd
Data last updated:
MT Educare Ltd is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Zee Learn Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the test prep and competitive exam coaching segment of the education sector. It was incorporated on 19 August 2006.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L80903MH2006PLC163888. Its GSTIN is 27AAECM7770Q2ZL (Maharashtra). The company holds 13 GST registrations, of which 10 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 534312 and NSE: MTEDUCARE.
The company has an authorised share capital of ₹80 Cr and a paid-up capital of ₹72.23 Cr. It was formerly known as Mt Educare Private Limited and Mt Educare Pvt Ltd. It is led by directors including Surender Singh and Nanette Ralph Dsa.
Its last annual general meeting (AGM) was held on 25 September 2024, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹36.14 Cr, a decline of 42.5% compared to the previous year. For the same year it recorded a net loss of ₹3.12 Cr (net margin -8.6%) and EBITDA of ₹4.57 Cr (EBITDA margin 12.6%). Total assets are valued at ₹134.89 Cr (down 4.6% YoY).
The company has about 129 employees on its provident fund (EPFO) records. Its group structure includes 7 subsidiaries.
The company is associated with 2 brands: Robomate Plus and MT Educare. As per MCA filings, the company has open charges of ₹171.8 Cr and satisfied charges of ₹154.6 Cr on record. Court records list 55 cases involving the company, including 9 filed by the company and 46 filed against it; 20 cases are pending. The company has 68 deals on record (59 market trades, 4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹44.54 Cr; the latest was in December 2021. Its 5 peer companies in the Education industry (Test Preparation), with the same principal business activity (educational support services) are compared by revenue, 2 larger and 3 smaller; the largest is Base Educational Services Private Limited with revenue of ₹72.59 Cr. The company has 18 MSME Form 1 returns on record between 2017 and 2024, listing 3,481 overdue payments to 41 micro and small suppliers.
The last known website on record is mteducare.com.
Company details
Name history
MT Educare has undergone 2 name changes throughout its history. The company was previously known as Mt Educare Private Limited, and Mt Educare Pvt Ltd. The current legal name is Mt Educare Ltd.
| Company Name | Status |
|---|---|
| MT Educare Ltd | Current |
| Mt Educare Private Limited | Previous |
| Mt Educare Pvt Ltd | Previous |
CIN history
MT Educare has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L80903MH2006PLC163888, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L80903MH2006PLC163888 | Current |
| U80903MH2006PLC163888 | Previous |
| U80903MH2006PTC163888 | Previous |
Contact details
MT Educare Ltd's registered office is in Mumbai, Maharashtra. Its website is mteducare.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address220 2 Ndfloor Flyingcolors Panditdindayalupadhyaymarg L.B.Scrossroad Mulund (West), India, Mumbai, Maharashtra, India – 400080
- IndustryEducation, Test Prep & Competitive Exam Coaching
To see the full contact details of MT Educare Ltd, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
MT Educare operates two associated brands: Robomate Plus and MT Educare. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides online lectures, test papers, and resources for competitive exam preparation. | robomateplus.com | |
| Chain of coaching institutes and PU colleges | mteducare.com |
Financials of MT Educare Ltd
FY 2025-26 filings availableMT Educare Ltd reported revenue of ₹36.14 Cr (down 42.5% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 36.14 | 62.80 | 57.14 | 73.64 | 73.43 | 106 | 271 |
| Revenue growth | -42.5% | +9.9% | -22.4% | +0.3% | -30.7% | -60.9% | - |
| EBITDA | 4.57 | (2.98) | (7.83) | (47.90) | (12.51) | (12.83) | 1.82 |
| EBITDA margin | +12.7% | -4.8% | -13.7% | -65.1% | -17.0% | -12.1% | +0.7% |
| Profit before tax | (2.23) | (19.97) | (26.32) | (62.96) | (22.87) | (17.90) | (38.83) |
| Net profit | (3.12) | (30.62) | (27.61) | (38.23) | (26.33) | (31.32) | (20.35) |
| Net profit margin | -8.6% | -48.8% | -48.3% | -51.9% | -35.9% | -29.6% | -7.5% |
| EPS (₹) | (0.43) | (4.29) | (3.83) | (8.40) | (3.53) | (4.19) | (6.36) |
| Balance sheet | |||||||
| Total assets | 135 | 141 | 167 | 176 | 222 | 257 | 311 |
| Net worth | (5.15) | (1.79) | 29.42 | 56.83 | 118 | 143 | 173 |
| Total debt | 138 | 142 | 135 | 117 | 98.40 | 109 | 130 |
| Cash & bank | 10.90 | 11.60 | 9.98 | 9.24 | 8.53 | 9.28 | 10.31 |
| Net working capital | 8.02 | 8.20 | 4.25 | (20.01) | (2.95) | 23.88 | (4.13) |
| Cash flow | |||||||
| Cash from operations | 1.83 | 7.02 | (2.02) | 2.00 | 5.42 | (2.81) | 79.30 |
| Cash from investing | 2.72 | 3.58 | 6.22 | (2.75) | 4.35 | 8.60 | 19.59 |
| Cash from financing | (6.32) | (7.80) | (3.75) | 1.23 | (8.80) | (6.92) | (98.43) |
| Particulars | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9.88 | 6.97 | 12.38 | 6.91 | 12.90 | 12.06 | 11.52 | 13.88 |
| Revenue growth (YoY) | -23.4% | -42.2% | +7.5% | -50.2% | +34.0% | - | - | - |
| Other income | 2.16 | 0.65 | 0.90 | 0.61 | 1.96 | 0.78 | 0.57 | 1.97 |
| EBITDA | 4.81 | (0.55) | 3.04 | (2.73) | 1.00 | (0.57) | (4.06) | 0.65 |
| EBITDA margin | +48.7% | -7.9% | +24.6% | -39.5% | +7.8% | -4.7% | -35.2% | +4.7% |
| Depreciation | 1.56 | 1.39 | 1.56 | 1.53 | 1.54 | 2.32 | 2.32 | 2.65 |
| Interest | 2.50 | 0.61 | 0.67 | 1.31 | 3.73 | 3.28 | 3.22 | 3.19 |
| Profit before tax | 2.91 | (1.90) | 1.71 | (4.96) | (2.31) | (5.39) | (9.03) | (3.22) |
| Tax | 0.32 | 0.19 | 0.23 | 0.16 | 11.36 | (0.08) | 0.06 | (0.32) |
| Net profit | 2.59 | (2.09) | 1.48 | (5.12) | (13.67) | (5.31) | (9.09) | (2.90) |
| EPS (₹) | 0.36 | (0.29) | 0.21 | (0.71) | (1.89) | (0.74) | (1.26) | (0.40) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 11.97 | 25.60 | 28.79 | 35.73 | 34.41 | 55.58 | 163 |
| Revenue growth | -53.2% | -11.1% | -19.4% | +3.8% | -38.1% | -65.8% | - |
| EBITDA | (4.73) | (6.90) | (4.63) | (39.39) | (10.89) | (13.82) | (11.29) |
| EBITDA margin | -39.5% | -27.0% | -16.1% | -110.2% | -31.7% | -24.9% | -7.0% |
| Profit before tax | (5.39) | 15.30 | (15.32) | (51.33) | (20.62) | (20.40) | (46.99) |
| Net profit | (6.16) | (8.76) | (14.82) | (25.08) | (27.27) | (32.99) | (24.50) |
| Net profit margin | -51.5% | -34.2% | -51.5% | -70.2% | -79.3% | -59.4% | -15.1% |
| EPS (₹) | (0.85) | 1.14 | (2.04) | (6.73) | (3.48) | (4.16) | (7.24) |
| Balance sheet | |||||||
| Total assets | 87.18 | 96.73 | 141 | 150 | 194 | 224 | 278 |
| Net worth | 52.39 | 58.58 | 50.63 | 65.14 | 114 | 139 | 168 |
| Total debt | 34.10 | 37.55 | 88.92 | 83.54 | 75.86 | 80.44 | 47.26 |
| Cash & bank | 9.89 | 9.98 | 6.64 | 4.57 | 6.09 | 6.25 | 6.30 |
| Net working capital | 0.70 | 6.06 | 9.38 | (7.95) | 13.01 | 50.85 | 30.08 |
| Cash flow | |||||||
| Cash from operations | 2.31 | 5.36 | (0.62) | 10.33 | 2.89 | (3.55) | 56.96 |
| Cash from investing | (0.66) | 2.45 | 7.20 | (1.78) | 5.83 | 9.10 | 25.03 |
| Cash from financing | (3.03) | (4.75) | (4.72) | (10.24) | (7.37) | (5.62) | (83.11) |
| Particulars | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.86 | 2.45 | 2.88 | 3.79 | 4.76 | 4.96 | 5.79 | 6.17 |
| Revenue growth (YoY) | -39.9% | -50.6% | -50.3% | -38.6% | -16.9% | - | - | - |
| Other income | 1.15 | 0.59 | 0.63 | 0.60 | 24.63 | 0.75 | 0.52 | 1.68 |
| Total expenses | 2.70 | 3.89 | 5.00 | 5.12 | 5.10 | 6.07 | 9.09 | 8.32 |
| EBITDA | 0.16 | (1.44) | (2.12) | (1.33) | (0.34) | (1.11) | (3.30) | (2.15) |
| EBITDA margin | +5.6% | -58.8% | -73.6% | -35.1% | -7.1% | -22.4% | -57.0% | -34.8% |
| Depreciation | 0.59 | 0.55 | 0.59 | 0.65 | (0.96) | 1.49 | 1.58 | 1.70 |
| Interest | 0.29 | 0.32 | 0.30 | 0.35 | (3.80) | 1.81 | 1.83 | 1.72 |
| Profit before tax | 0.43 | (1.72) | (2.38) | (1.73) | 29.05 | (3.66) | (6.19) | (3.89) |
| Tax | 0.20 | 0.16 | 0.24 | 0.17 | 8.03 | (0.31) | (0.33) | (0.30) |
Financial Statements
| Particulars | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9.88 | 6.97 | 12.38 | 6.91 | 12.90 | 12.06 | 11.52 | 13.88 |
| Revenue growth (YoY) | -23.4% | -42.2% | +7.5% | -50.2% | +34.0% | - | - | - |
| Other income | 2.16 | 0.65 | 0.90 | 0.61 | 1.96 | 0.78 | 0.57 | 1.97 |
| EBITDA | 4.81 | (0.55) | 3.04 | (2.73) | 1.00 | (0.57) | (4.06) | 0.65 |
| EBITDA margin | +48.7% | -7.9% | +24.6% | -39.5% | +7.8% | -4.7% | -35.2% | +4.7% |
| Depreciation | 1.56 | 1.39 | 1.56 | 1.53 | 1.54 | 2.32 | 2.32 | 2.65 |
| Interest | 2.50 | 0.61 | 0.67 | 1.31 | 3.73 | 3.28 | 3.22 | 3.19 |
| Profit before tax | 2.91 | (1.90) | 1.71 | (4.96) | (2.31) | (5.39) | (9.03) | (3.22) |
| Tax | 0.32 | 0.19 | 0.23 | 0.16 | 11.36 | (0.08) | 0.06 | (0.32) |
| Net profit | 2.59 | (2.09) | 1.48 | (5.12) | (13.67) | (5.31) | (9.09) | (2.90) |
| EPS (₹) | 0.36 | (0.29) | 0.21 | (0.71) | (1.89) | (0.74) | (1.26) | (0.40) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 36.14 | 62.80 | 57.14 | 73.64 | 73.43 | 106 | 271 |
| Revenue growth | -42.5% | +9.9% | -22.4% | +0.3% | -30.7% | -60.9% | - |
| Other income | 4.32 | 5.27 | 4.03 | 4.50 | 14.98 | 37.90 | 26.26 |
| Total expenses | 31.57 | 65.78 | 64.97 | 122 | 85.94 | 119 | 269 |
| Employee cost | 0.00 | 9.50 | 8.61 | 13.83 | 14.27 | 19.46 | 31.93 |
| EBITDA | 4.57 | (2.98) | (7.83) | (47.90) | (12.51) | (12.83) | 1.82 |
| EBITDA margin | +12.7% | -4.8% | -13.7% | -65.1% | -17.0% | -12.1% | +0.7% |
| Depreciation | 6.04 | 8.83 | 10.37 | 10.92 | 14.72 | 26.34 | 42.88 |
| Interest | 5.08 | 13.43 | 12.15 | 8.64 | 10.62 | 16.63 | 24.03 |
| Profit before tax | (2.23) | (19.97) | (26.32) | (62.96) | (22.87) | (17.90) | (38.83) |
| Tax | 0.89 | 11.02 | 1.34 | (2.26) | 2.66 | 12.34 | 7.11 |
| Net profit | (3.12) | (30.62) | (27.61) | (38.23) | (26.33) | (31.32) | (20.35) |
| Net profit margin | -8.6% | -48.8% | -48.3% | -51.9% | -35.9% | -29.6% | -7.5% |
| EPS (₹) | (0.43) | (4.29) | (3.83) | (8.40) | (3.53) | (4.19) | (6.36) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 72.23 | 72.23 | 72.23 | 72.23 | 72.23 | 72.23 | 72.23 |
| Reserves & surplus | (77.38) | (74.02) | (42.81) | (15.40) | 45.31 | 70.73 | 101 |
| Shareholders' funds (net worth) | (5.15) | (1.79) | 29.42 | 56.83 | 118 | 143 | 173 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 206 | 206 | 182 | 121 | 112 | 80.27 | 62.17 |
| Unsecured loans | (68.32) | (64.46) | (47.36) | (3.95) | (14.01) | 28.59 | 68.15 |
| Total debt | 138 | 142 | 135 | 117 | 98.40 | 109 | 130 |
| Total liabilities | 135 | 141 | 167 | 176 | 222 | 257 | 311 |
| Assets | |||||||
| Gross block | 79.01 | 84.56 | 200 | 194 | 255 | 272 | 305 |
| Net block | 11.29 | 17.86 | 75.16 | 72.16 | 92.67 | 113 | 141 |
| Capital work in progress | 0.00 | 0.00 | 0.15 | 0.22 | 0.57 | 0.00 | 6.88 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.43 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 11.02 | 10.50 | 9.18 | 10.96 | 24.21 | 30.45 | 35.93 |
| Cash & bank balances | 10.90 | 11.60 | 9.98 | 9.24 | 8.53 | 9.28 | 10.31 |
| Loans & advances | 103 | 106 | 106 | 78.27 | 75.36 | 105 | 65.28 |
| Total current assets | 125 | 128 | 125 | 98.47 | 108 | 145 | 112 |
| Total current liabilities | 117 | 120 | 121 | 118 | 111 | 121 | 116 |
| Net working capital | 8.02 | 8.20 | 4.25 | (20.01) | (2.95) | 23.88 | (4.13) |
| Total assets | 135 | 141 | 167 | 176 | 222 | 257 | 311 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 6.98 | 4.18 | 3.73 | 3.25 | 2.27 | 3.41 | 2.95 |
| Net cash from operating activities | 1.83 | 7.02 | (2.02) | 2.00 | 5.42 | (2.81) | 79.30 |
| Net cash from investing activities | 2.72 | 3.58 | 6.22 | (2.75) | 4.35 | 8.60 | 19.59 |
| Net cash from financing activities | (6.32) | (7.80) | (3.75) | 1.23 | (8.80) | (6.92) | (98.43) |
| Net change in cash | (1.77) | 2.80 | 0.45 | 0.47 | 0.98 | (1.13) | 0.45 |
| Closing cash | 10.90 | 11.60 | 9.98 | 9.24 | 8.53 | 9.28 | 10.31 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -42.5% | +9.9% | -22.4% | +0.3% | -30.7% | -60.9% | - |
| EBITDA growth | +253.4% | +61.9% | +83.7% | -282.9% | +2.5% | -805.0% | - |
| PBT growth | +88.8% | +24.1% | +58.2% | -175.3% | -27.8% | +53.9% | - |
| Net income growth | +89.8% | -10.9% | +27.8% | -45.2% | +15.9% | -53.9% | - |
| Revenue CAGR (3Y) | -21.1% | -5.1% | -18.6% | -35.2% | -36.2% | -21.9% | -3.9% |
| EBITDA CAGR (3Y) | - | -38.0% | -15.2% | - | - | -57.9% | -61.0% |
| Profitability & leverage | |||||||
| Net income margin | -8.6% | -49.4% | -48.4% | -82.4% | -34.8% | -28.6% | -17.0% |
| Return on capital employed | - | 0.0% | -8.3% | -16.0% | -5.1% | -0.5% | 0.0% |
| Return on net worth | - | 0.0% | -64.1% | -43.9% | -19.6% | -19.1% | 0.0% |
| Debt / equity | - | 9.91 | 2.92 | 1.24 | 0.80 | 0.76 | 0.67 |
| Long-term debt / equity | - | 6.62 | 1.95 | 0.91 | 0.53 | 0.48 | 0.57 |
| Interest cover | -345.58 | -113.72 | -66.76 | -14.69 | -39.00 | -42.46 | -58.52 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.39 | 0.29 | 0.33 | 0.28 | 0.37 | 1.01 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 6.38 | 5.67 | 4.19 | 2.69 | 3.19 | 8.81 |
| EPS (₹) | (0.43) | (4.29) | (3.83) | (8.40) | (3.53) | (4.19) | (6.36) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | (0.25) | 4.07 | 7.87 | 16.27 | 19.79 | 23.93 |
| Particulars | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.86 | 2.45 | 2.88 | 3.79 | 4.76 | 4.96 | 5.79 | 6.17 |
| Revenue growth (YoY) | -39.9% | -50.6% | -50.3% | -38.6% | -16.9% | - | - | - |
| Other income | 1.15 | 0.59 | 0.63 | 0.60 | 24.63 | 0.75 | 0.52 | 1.68 |
| Total expenses | 2.70 | 3.89 | 5.00 | 5.12 | 5.10 | 6.07 | 9.09 | 8.32 |
| EBITDA | 0.16 | (1.44) | (2.12) | (1.33) | (0.34) | (1.11) | (3.30) | (2.15) |
| EBITDA margin | +5.6% | -58.8% | -73.6% | -35.1% | -7.1% | -22.4% | -57.0% | -34.8% |
| Depreciation | 0.59 | 0.55 | 0.59 | 0.65 | (0.96) | 1.49 | 1.58 | 1.70 |
| Interest | 0.29 | 0.32 | 0.30 | 0.35 | (3.80) | 1.81 | 1.83 | 1.72 |
| Profit before tax | 0.43 | (1.72) | (2.38) | (1.73) | 29.05 | (3.66) | (6.19) | (3.89) |
| Tax | 0.20 | 0.16 | 0.24 | 0.17 | 8.03 | (0.31) | (0.33) | (0.30) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 11.97 | 25.60 | 28.79 | 35.73 | 34.41 | 55.58 | 163 |
| Revenue growth | -53.2% | -11.1% | -19.4% | +3.8% | -38.1% | -65.8% | - |
| Other income | 2.98 | 27.57 | 3.40 | 3.84 | 10.05 | 27.09 | 21.34 |
| Total expenses | 16.70 | 32.50 | 33.42 | 75.12 | 45.30 | 69.40 | 174 |
| Employee cost | 0.00 | 6.07 | 5.02 | 9.36 | 11.32 | 18.49 | 28.90 |
| EBITDA | (4.73) | (6.90) | (4.63) | (39.39) | (10.89) | (13.82) | (11.29) |
| EBITDA margin | -39.5% | -27.0% | -16.1% | -110.2% | -31.7% | -24.9% | -7.0% |
| Depreciation | 2.38 | 3.81 | 6.80 | 8.75 | 11.41 | 21.62 | 37.22 |
| Interest | 1.26 | 1.56 | 7.29 | 7.03 | 8.37 | 12.05 | 19.82 |
| Profit before tax | (5.39) | 15.30 | (15.32) | (51.33) | (20.62) | (20.40) | (46.99) |
| Tax | 0.77 | 7.08 | (0.58) | (2.75) | 4.54 | 9.65 | 5.30 |
| Net profit | (6.16) | (8.76) | (14.82) | (25.08) | (27.27) | (32.99) | (24.50) |
| Net profit margin | -51.5% | -34.2% | -51.5% | -70.2% | -79.3% | -59.4% | -15.1% |
| EPS (₹) | (0.85) | 1.14 | (2.04) | (6.73) | (3.48) | (4.16) | (7.24) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 72.23 | 72.23 | 72.23 | 72.23 | 72.23 | 72.23 | 72.23 |
| Reserves & surplus | (19.84) | (13.65) | (21.60) | (7.09) | 41.48 | 66.50 | 96.26 |
| Shareholders' funds (net worth) | 52.39 | 58.58 | 50.63 | 65.14 | 114 | 139 | 168 |
| Secured loans | 50.28 | 50.60 | 47.39 | 46.14 | 49.52 | 57.68 | 32.16 |
| Unsecured loans | (16.18) | (13.05) | 41.53 | 37.40 | 26.34 | 22.76 | 15.10 |
| Total debt | 34.10 | 37.55 | 88.92 | 83.54 | 75.86 | 80.44 | 47.26 |
| Total liabilities | 87.18 | 96.73 | 141 | 150 | 194 | 224 | 278 |
| Assets | |||||||
| Gross block | 37.40 | 40.39 | 87.86 | 113 | 159 | 168 | 230 |
| Net block | 5.41 | 8.98 | 35.04 | 38.78 | 45.02 | 57.11 | 93.50 |
| Capital work in progress | 0.00 | 0.00 | 0.15 | 0.00 | 0.19 | 0.00 | 0.13 |
| Investments | 12.98 | 12.98 | 12.98 | 12.98 | 31.45 | 31.45 | 40.33 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 15.83 | 15.22 | 12.97 | 15.66 | 27.48 | 36.48 | 25.35 |
| Cash & bank balances | 9.89 | 9.98 | 6.64 | 4.57 | 6.09 | 6.25 | 6.30 |
| Loans & advances | 55.51 | 62.94 | 69.65 | 53.64 | 57.27 | 91.49 | 79.73 |
| Total current assets | 81.23 | 88.14 | 89.26 | 73.87 | 90.84 | 134 | 111 |
| Total current liabilities | 80.53 | 82.08 | 79.88 | 81.82 | 77.83 | 83.37 | 81.30 |
| Net working capital | 0.70 | 6.06 | 9.38 | (7.95) | 13.01 | 50.85 | 30.08 |
| Total assets | 87.18 | 96.73 | 141 | 150 | 194 | 224 | 278 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 5.60 | 2.53 | 0.67 | 2.36 | 1.01 | 1.08 | 2.20 |
| Net cash from operating activities | 2.31 | 5.36 | (0.62) | 10.33 | 2.89 | (3.55) | 56.96 |
| Net cash from investing activities | (0.66) | 2.45 | 7.20 | (1.78) | 5.83 | 9.10 | 25.03 |
| Net cash from financing activities | (3.03) | (4.75) | (4.72) | (10.24) | (7.37) | (5.62) | (83.11) |
| Net change in cash | (1.39) | 3.07 | 1.86 | (1.69) | 1.35 | (0.07) | (1.12) |
| Closing cash | 9.89 | 9.98 | 6.64 | 4.57 | 6.09 | 6.25 | 6.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -53.2% | -11.1% | -19.4% | +3.8% | -38.1% | -65.8% | - |
| EBITDA growth | +31.5% | -49.0% | +88.3% | -261.7% | +21.2% | -22.4% | - |
| PBT growth | - | +9998.0% | +70.2% | -148.9% | -1.1% | +56.6% | - |
| Net income growth | +29.7% | +40.9% | +40.9% | +8.0% | +17.3% | -34.7% | - |
| Revenue CAGR (3Y) | -30.6% | -9.4% | -19.7% | -39.6% | -44.3% | -35.2% | -13.7% |
| EBITDA CAGR (3Y) | -50.7% | -14.1% | -30.6% | +51.7% | - | -56.0% | - |
| Profitability & leverage | |||||||
| Net income margin | -51.5% | +32.1% | -51.2% | -136.0% | -73.1% | -54.1% | -32.2% |
| Return on capital employed | - | -6.1% | -5.5% | -12.1% | -6.9% | 0.0% | 0.0% |
| Return on net worth | - | -16.1% | -25.5% | -28.1% | -21.6% | 0.0% | 0.0% |
| Debt / equity | - | 1.16 | 1.49 | 0.89 | 0.62 | 0.42 | 0.30 |
| Long-term debt / equity | - | 0.48 | 0.87 | 0.52 | 0.35 | 0.23 | 0.25 |
| Interest cover | -17.72 | -14.57 | -63.78 | -14.60 | -37.53 | -34.00 | -40.86 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.34 | 0.29 | 0.26 | 0.21 | 0.28 | 0.89 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 1.82 | 2.01 | 1.66 | 1.08 | 1.80 | 7.21 |
| EPS (₹) | (0.85) | 1.14 | (2.04) | (6.73) | (3.48) | (4.16) | (7.24) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 8.11 | 7.01 | 9.02 | 15.74 | 19.21 | 23.33 |
To see the full year-wise statements and ratios of MT Educare Ltd, buy the company report.
Board of directors and KMP of MT Educare Ltd
MT Educare Ltd currently reports 6 directors and 1 key managerial person. 27 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surender Singh Also directs: Zee Learn Limited, Labh Ventures India Private Limited, Lakshya Forrum for Competitions Private Limited and 5 more | Director | 24 Jul 2020 | 6 Years 3 Months | As last reported |
| Nanette Ralph Dsa Also directs: Zee Learn Limited, Lbe Education Solutions LLP, Vikram Kamats Hospitality Limited and 1 more | Director | 31 Mar 2020 | 6 Years 7 Months | As last reported |
| Dattatraya Ramchandra Kelkar | Director | 30 Dec 2019 | 6 Years 10 Months | As last reported |
| Ravindra Ashok Mishra | Company Secretary | 15 Nov 2019 | 6 Years 11 Months | As last reported |
| Roshan Lal Kamboj | Director | 26 Sep 2019 | 7 Years 1 Months | As last reported |
| Karunn Kandoi Also directs: Zee Learn Limited, Learn Edusmart Private Limited, Kandoi Nutritech Private Limited and 1 more | Director | 01 Mar 2021 | 5 Years 8 Months | As last reported |
Peer comparison
MT Educare Ltd is compared with the 5 companies closest to it by revenue in the Education industry (Test Preparation), with the same principal business activity (educational support services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Base Educational Services Private Limited | ₹72.59 Cr (FY 2024) | 22.0% | Bangalore, Karnataka, India | |||
| Iit-Ian's Pace Education Private Limited | ₹56.66 Cr (FY 2025) | -22.0% | Mumbai, Maharashtra, India | |||
| Jamboree Education Private Limited | ₹51.2 Cr (FY 2024) | -3.0% | New Delhi, Delhi, India | |||
| Merittrac Services Private Limited | ₹50.88 Cr (FY 2025) | -8.0% | Bengaluru, Karnataka, India | |||
| Planet Edu Global Private Limited | ₹49.29 Cr (FY 2025) | -54.0% | Gurgaon, Haryana, India | |||
| MT Educare Ltdthis company | ₹36.14 Cr (FY 2026) | -₹3.12 Cr | -8.6% | -42.5% | 129 | Mumbai, Maharashtra, India |
To see the full peer comparison of MT Educare Ltd, buy the company report.
Auditor
MT Educare Ltd is audited by MGB & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MGB & CO LLP | FY 2023 | 101169W/W-100035 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 59.10%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 40.90%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 59.10% | 59.10% | 59.10% | 59.10% |
| Public | 40.90% | 40.90% | 40.90% | 40.90% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jul 2021 | 100466486 | Others | ₹2.49 Cr | Open | |
| 12 Apr 2017 | 100095398 | Others | ₹110 Cr | Open | |
| 27 Feb 2017 | 100084115 | Axis Bank Limited | ₹33 Cr | Open | |
| 26 Nov 2014 | 10554973 | Axis Bank Limited | ₹26.31 Cr | Open | |
| 25 Jan 2017 | 100078792 | Others | ₹20 Cr | Satisfied |
To see the full charge records of MT Educare Ltd, buy the company report.
Total charge records: 11 View all charges
Deals & funding
MT Educare Ltd has 68 deals on record (59 market trades, 4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹44.54 Cr; the latest was in December 2021.
Deals on record (5 of 68)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2021 | Market trade | ₹1.81 Cr | Buyer: Topgain Finance Private Limited , Multiplier Share and Stock Advisors Private Limited Seller: Topgain Finance Private Limited , Multiplier Share and Stock Advisors Private Limited |
| Dec 2021 | Market trade | ₹1.65 Cr | Buyer: Topgain Finance Private Limited , Multiplier Share and Stock Advisors Private Limited Seller: Topgain Finance Private Limited , Multiplier Share and Stock Advisors Private Limited |
| Dec 2021 | Market trade | ₹1.15 Cr | Buyer: Topgain Finance Private Limited , an individual Seller: Topgain Finance Private Limited , an individual |
| Jun 2021 | Market trade | ₹95.4 Lakh | Seller: Nixa Fincap Private Limited , Nixa Fincap Private Limited |
| Jun 2021 | Market trade | ₹67 Lakh | Seller: Nixa Fincap Private Limited , Nixa Fincap Private Limited |
To see the full deal history of MT Educare Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
MT Educare Ltd has 55 court cases on record: 9 filed by MT Educare, 46 filed against it. 20 cases are pending and 35 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 46 | 39 | 20 |
| NCLAT | 4 | 4 | 0 |
| NCLT | 3 | 3 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 55)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Icici Bank Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Rakesh Advertising Pvt. Ltd. Through Rakesh Gandhi | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by V12 Media and Events Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed against the company by V12 Media and Events Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by V12 Media and Events Private Limited | Disposed |
To see the full case history of MT Educare Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
MT Educare Ltd has 18 MSME Form 1 returns on record between 2017 and 2024, listing 3,481 overdue payments to 41 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 41)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Zee Learn Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Xpress Art | |||
| Greytip Software Private Limited |
To see the full MSME payment records of MT Educare Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
MT Educare has 7 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Labh Ventures India Private Limited | U74999MH2015PTC262045 | |
| Robomate Edutech Private Limited | U74999MH2016PTC286570 | |
| Letspaper Technologies Private Limited | U74999MH2016PTC289017 | |
| Chitale's Personalised Learning Private Limited | U80301MH2009PTC197141 | |
| MT Education Services Private Limited | U80301MH2010PTC199012 | |
| Lakshya Forrum for Competitions Private Limited | U80301MH2012PTC238011 |
To see the full group structure of MT Educare Ltd, buy the company report.
Employees & EPFO
MT Educare Ltd has a workforce of 129 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
MT Educare has 13 GST registrations: 10 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECM7770Q2ZL | Maharashtra | Active | 16 Dec 2022 |
| 29AAECM7770Q2ZH | Karnataka | Active | 01 Jul 2017 |
| 33AAECM7770Q1ZT | Tamil Nadu | Active | 01 Jul 2017 |
| 04AAECM7770Q1ZU | Chandigarh | Active | 07 Jul 2017 |
To see the full GST registrations and return filing status of MT Educare Ltd, buy the company report.
Recent activity
MT Educare Ltd has 49 board changes on record since 2006: 28 appointments and 21 cessations. The latest: Parag Lekhraj Ola ceased to be Whole-Time Director on 24 Jan 2023.
64 earlier events are in the company report.
News
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Frequently asked questions
MT Educare is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
MT Educare is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in test prep and competitive exam coaching, within the education industry. It was incorporated on 19 August 2006 and is registered under CIN L80903MH2006PLC163888. Listed on BSE: 534312 and NSE: MTEDUCARE. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
MT Educare reported revenue of ₹36.14 Cr for FY 2025-26 (down 42.5% YoY) based on consolidated financials.
MT Educare has 7 current directors and KMP:
- Surender Singh - Director
- Nanette Ralph Dsa - Director
- Dattatraya Ramchandra Kelkar - Director
- Roshan Lal Kamboj - Director
- Karunn Kandoi - Director
- Vipin Choudhary - Director
- Ravindra Ashok Mishra - Company Secretary
The latest financial statements of MT Educare on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of MT Educare is L80903MH2006PLC163888. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. MT Educare is a listed company as per MCA records. Its shares are listed on both BSE (code: 534312) and NSE (symbol: MTEDUCARE).
MT Educare has open charges of ₹171.8 Cr and satisfied charges of ₹154.6 Cr as per latest MCA filings.
MT Educare has 55 court cases on record: 9 filed by the company and 46 filed against it. 20 are pending. Most are in the district courts.
MT Educare was incorporated on 19 August 2006. It is registered with the Registrar of Companies, Mumbai.
MT Educare has 68 deals on record (59 market trades, 4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹44.54 Cr; the latest was in December 2021.
The peers of MT Educare by revenue are Base Educational Services Private Limited, Iit-Ian's Pace Education Private Limited, Jamboree Education Private Limited, Merittrac Services Private Limited, Planet Edu Global Private Limited, all in the Education industry (Test Preparation), with the same principal business activity (educational support services).
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