BSE: 542592
Humming Bird Education Limited
Operates in the education services sector, manufacturing and distributing educational content, with its registered office in Delhi and listed on the BSE (Scrip Code 542592). For FY26, consolidated revenue from operations was Rs 852.29 lakhs, up about 24.9% year-on-year, while standalone revenue rose 13% to Rs 661.22 lakhs. The growth was partly attributed to two subsidiaries acquired/added in FY26 — Olympiad Council For Skills & Education (a Section 8 company, i.e., a non-profit entity) and Onmouseclick.com Private Limited — though new subsidiary losses contributed to standalone profit after tax falling 19.7% to Rs 29.06 lakhs (consolidated profit attributable to owners was Rs 54.77 lakhs). On the cost side, employees accounted for 27.4% of revenue, materials 24.1%, and other operating expenses 42.2%, with capex at 2.2% of revenue, indicating a light-asset, services-led model. The balance sheet strengthened in FY26, with standalone cash and cash equivalents rising to Rs 148.54 lakhs from Rs 5.41 lakhs and operating cash flow turning positive at Rs 142.12 lakhs. The total asset base stood at Rs 3.94 crore as of FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Educational content manufacturing and distribution, Subsidiary operations (Olympiad Council for Skills & Education, Onmouseclick.com). Small, services-led education content publisher with light asset base and growing subsidiary footprint.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1 | 2 | 6 | 6 | 8 |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | — | — | — | — | — |
| EPS, as reported (₹) | (6.21) | 4.26 | (7.37) | 0.89 | 0.89 |
| ROE % · ROCE % | — · (21.0) | — · 14.7 | — · 6.0 | — · 32.2 | — · 25.7 |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (0) | 0 | 0 | (2) | 2 |
| Capex | — | — | — | (0) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 1 | 4 | 2 | 5 | 1 | 5 | 3 |
| Profit before tax | 0 | (0) | 1 | (1) | 1 | (0) | 1 | (0) |
| Net profit | — | — | — | — | — | — | — | — |
| EPS (₹) | 6.40 | (2.14) | 6.96 | (7.69) | 15.96 | 0.70 | 1.33 | 0.44 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| NIIT LEARNING SYSTEMS LTD | 2,748 | 10.7 | 1.78 | 6.1 | 16.1 | 16.7 | — | 19.2 |
| SHANTI EDU INITIATIVES L | 2,608 | 450.0 | 33.63 | 260.6 | 7.7 | 9.7 | — | 9.2 |
| NIIT LIMITED | 952 | 105.5 | 0.89 | 21.9 | 0.6 | 1.1 | (16.3) | 17.6 |
| GLOBAL EDUCATION LIMITED | 718 | 27.6 | 5.47 | 18.6 | 20.2 | 25.9 | — | 42.3 |
| APTECH LIMITED | 476 | 19.4 | 1.91 | 9.9 | 9.5 | 13.4 | 41.4 | 9.7 |
| CAREER POINT EDUTECH LTD | 293 | 12.3 | 3.86 | 9.1 | 30.3 | 40.6 | — | 76.3 |
| Golden Crest Education & Servi | 170 | 718.2 | 15.43 | — | 1.6 | 2.2 | — | 27.0 |
| VJTF EDUSERVICES LTD. | 104 | 45.1 | 0.89 | — | (0.1) | — | (9.7) | 415.5 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 1.5 | 23.5 | 1 of 14 | 100% |
| ROCE | 25.7 | 2.5 | 3 of 17 | 88% |
| Revenue growth | 71.9 | (0.0) | 3 of 16 | 87% |
| Market cap | 17 | 91 | 17 of 18 | 6% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · RTA confirms no share conversion requests in Q2 FY26 | compliance | minimal | — | — |
| 28 Sept 2026 · Trading Window Closed for H1 FY26 Results | compliance | minimal | — | — |
| 26 Sept 2026 · 16th AGM voting results: Both resolutions passed unanimously | board shareholder meetings | medium | — | — |
| 25 Sept 2026 · 16th AGM proceedings: financial statements adopted, director re-appointed | board shareholder meetings | medium | — | — |
| 29 Aug 2026 · Newspaper ad for 16th AGM notice and e-voting info filed with BSE | compliance | minimal | — | — |
| 27 Aug 2026 · Annual Report FY 2025-26 and 16th AGM Notice submitted | board shareholder meetings | medium | — | — |
| 27 Aug 2026 · Notice and Annual Report for 16th AGM on September 25, 2026 | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Board approves Secretarial Auditor, sets 16th AGM on Sept 25, 2026 | management changes | low | — | — |
| 16 Jul 2026 · Filing of Regulation 74(5) compliance certificate for June 2026 quarter | compliance | minimal | — | — |
| 27 May 2026 · Please find the attached Audited Financial Results for the year ended March 31, 2026 | results | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.