Unlisted Shares
Maharashtra Knowledge Corporation Limited (MKCL)
Maharashtra Knowledge Corporation Limited
Verified Unlisted CompanyOff-market Transfer · NSDL / CDSL
About Maharashtra Knowledge Corporation Limited (MKCL)
Maharashtra Knowledge Corporation Limited (MKCL) is a government-promoted public-private partnership focused on digital education, e-learning, and skill development. Established in 2001 by the Government of Maharashtra, MKCL operates through a vast network of authorized learning centers across India. The company provides IT literacy programs, digital learning solutions, online examination systems, and e-governance services. With a strong presence in education technology and government-backed initiatives, MKCL plays a key role in bridging the digital skills gap in India.
Share Details
| company Name | Maharashtra Knowledge Corporation Limited |
| indicative Unlisted Share Price | ₹435 |
| market Capitalization | ₹351 Cr |
| lot Size | 100 Shares |
| 52 Week High | ₹485 |
| 52 Week Low | ₹435 |
| face Value | ₹10 |
| book Value | ₹772.36 |
| pe Ratio | 10.98 |
| pb Ratio | 0.56 |
| debt To Equity | 0 |
| return On Equity | 5.21% |
| total Outstanding Shares | 80,08,795 |
| isin | INE0SRK01016 |
| depository | NSDL & CDSL |
| pan | AACCM8297L |
| cin | U80302PN2001PLC153648 |
| rta | Alankit Assignments |
Income Statement (Profit & Loss) (₹ in Crore)
| Particulars | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 120 | 177 | 235 | 276 |
| EBITDA | 19.2 | 41 | 42 | 46 |
| Operating Profit | 19.2 | 41 | 42 | 46 |
| EBIT | 16.6 | 36 | 35.7 | 40.22 |
| Profit Before Tax | 47 | 65 | 86 | 84 |
| Net Profit / Loss | 37.8 | 51 | 63 | 32 |
| EPS | 47.25 | 63.75 | 77.97 | 39.6 |
Key Financial Ratios (Last 3–5 Years)
| Ratio | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Operating Profit Margin (%) | 16 | 23.16 | 17.87 | 16.67 |
| Net Profit Margin (%) | 31.5 | 28.81 | 26.81 | 11.59 |
| EPS | 47.25 | 63.75 | 77.97 | 39.6 |
Financial Annual Report Summary
MKCL has demonstrated steady revenue growth from ₹120 Cr in FY22 to ₹276 Cr in FY25. Profitability remains strong with PAT consistently high, though margins have moderated in recent years. The company maintains a debt-free balance sheet with strong reserves, making it financially stable. However, return ratios remain moderate, indicating scope for better capital efficiency.
Why Invest in Maharashtra Knowledge Corporation
- Consistent revenue growth backed by government-linked business model.
- High margins historically, though declining in recent year.
- Debt-free company with strong financial stability.
- Low P/B ratio suggests potential undervaluation.
- ROE is moderate, indicating capital efficiency can improve.
Balance Sheet - Assets (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Fixed Assets | 13.7 | 16 | 16 | 15 |
| CWIP | 0.3 | 0 | 0.18 | 0 |
| Investments | 178.6 | 220 | 269 | 479 |
| Trade Receivables | 5.2 | 37 | 41 | 57 |
| Inventory | 0 | 4 | 4.6 | 4 |
| Other Assets | 272.8 | 306 | 376.22 | 180 |
| Total Assets | 517.8 | 583 | 687 | 735 |
Balance Sheet - Liabilities & Equity (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Share Capital | 8 | 8 | 8.08 | 8.08 |
| Reserves | 462 | 512 | 574 | 606 |
| Borrowings | 0 | 0 | 0 | 0 |
| Trade Payables | 9 | 16 | 19.5 | 67.5 |
| Other Liabilities | 38.9 | 47 | 83.92 | 53.42 |
| Total Liabilities | 517.9 | 583 | 687 | 735 |
Liabilities Breakdown & Balance Sheet Insights
Balance Sheet Insights
MKCL has a strong balance sheet with zero debt and large reserves. Investments form a major portion of assets, indicating surplus capital deployment. Financial stability is a key strength.
Liabilities Breakdown
The company has negligible debt and liabilities are mainly operational, making it financially low-risk.
Additional Insights
MKCL stands out as a debt-free company with strong reserves and high asset base. However, capital efficiency remains moderate given the large investment base.
Cash Flow Insights
- Operating cash flow is volatile across years.
- Significant investments indicate capital deployment strategy.
- No reliance on debt financing.
- Cash flow inconsistency is a key concern.
Shareholding Pattern
Shareholding pattern data not available
Promoters & Management
Promoted by the Government of Maharashtra along with private stakeholders, MKCL benefits from strong institutional backing and credibility.
Registrar & Transfer Agent (RTA)
Registrar: Alankit Assignments
Website: https://www.alankit.com/
Management Analysis
The company benefits from a government-backed model and strong execution in digital education. Future growth depends on scaling digital platforms and improving capital efficiency.
Frequently Asked Questions About Maharashtra Knowledge Corporation Limited (MKCL)
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