Classified under IT - Software on BSE, with historical segment reporting covering training and education services, other educational services to institutions, and other income. The filings show zero revenue from operations for FY26, and the company itself states it has not carried out any business activity during the year. Standalone net loss for FY26 was Rs 253.33 lakhs versus Rs 25.48 lakhs the prior year, including a one-time balance write-off of Rs 158.79 lakhs. The statutory auditor (S.N. Kapur & Associates) issued a Qualified Opinion flagging a going concern doubt due to the absence of business activity, internal financial controls not made available for audit, long-outstanding Other Financial Assets of Rs 2,404.76 lakhs and Trade Receivables of Rs 292.15 lakhs, unsubstantiated subsidiary investments of Rs 39.53 lakhs, and unpaid statutory dues (PF Rs 3.16 lakhs, Service Tax Rs 2.73 lakhs). Accumulated losses were reported at Rs 12,410.57 lakhs on a standalone basis and Rs 21,036.95 lakhs on a consolidated basis. A subsidiary, RT Packaging Limited, was approved for sale in April 2025 and is classified as a discontinued operation, with an Enforcement Directorate provisional attachment order from September 2024 against it still in effect. The facts contain no operating data such as student count, training centres, course volumes or geographic footprint. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Training, Education and Other Income, Other Educational Services to Institutions. Dormant shell with historical education-services identity; auditor-flagged going concern uncertainty.
| ₹ crore · consolidated | FY21 | FY22 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (1) | (0) | (2) |
| margin % | — | — | — | — | — |
| Owners' profit | (0) | (0) | 0 | (0) | (3) |
| EPS, as reported (₹) | (0.15) | (0.15) | (0.42) | 0.18 | 1.65 |
| ROE % · ROCE % | (0.7) · (0.7) | (0.8) · (0.8) | (2.1) · (2.1) | (0.9) · (0.9) | (9.1) · (6.8) |
| Debt / equity (x) | 0.05 | 0.05 | 0.06 | 0.06 | 0.00 |
| Cash from operations | (0) | (0) | (1) | (0) | 2 |
| Capex | 0 | 0 | 0 | 0 | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | (0) | (0) | (0) | (0) | (0) | (2) | (0) |
| Net profit | (0) | (0) | (0) | (0) | (0) | (0) | (2) | (0) |
| EPS (₹) | (0.04) | (0.02) | 0.10 | 0.03 | 0.03 | 0.05 | 1.60 | 0.03 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ORACLE FIN SERV SOFT LTD. | 1,02,338 | 30.0 | 13.08 | 26.9 | 33.7 | 43.2 | 9.0 | 62.5 |
| TANLA PLATFORMS LIMITED | 6,684 | 12.5 | 2.69 | 7.8 | 20.5 | 25.0 | 13.5 | 17.6 |
| C.E. INFO SYSTEMS LIMITED | 5,056 | 36.8 | 5.59 | 21.9 | 14.8 | 21.3 | — | 54.2 |
| CAPILLARY TECHNO INDIA L | 3,656 | 86.5 | 3.57 | 27.9 | 5.1 | 4.9 | — | 4.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Sept 2026 · Letter sent to shareholders with web-link and QR code for 32nd AGM and Annual Report | compliance | minimal | — | — |
| 5 Sept 2026 · IEC Education files newspaper notice of 32nd AGM to be held on Sept 28, 2026 | compliance | minimal | — | — |
| 4 Sept 2026 · IEC Education FY26 Annual Report filed; standalone loss widens to Rs 253L | compliance | low | — | — |
| 4 Sept 2026 · 32nd AGM of IEC Education Limited on September 28, 2026 | board shareholder meetings | low | — | — |
| 1 Sept 2026 · IEC Education board fixes 32nd AGM on Sep 28, changes scrutinizer | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Notice of 32nd AGM via video conferencing on Sep 28, 2026 | compliance | minimal | — | — |
| 24 Jul 2026 · Newspaper publication of Q1 FY27 financial results | compliance | minimal | — | — |
| 23 Jul 2026 · IEC Education Q1 results show no business, auditor flags going concern | results | high | — | — |
| 23 Jul 2026 · IEC Education Q1 results: no business activity, auditor flags going concern | results | high | — | — |
| 15 Jul 2026 · IEC Education board meeting on July 23, 2026 to consider Q1 results | results | low | — | — |
| 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 |
| TECHNVISION VENTURES LTD. | 2,991 | 344.1 | 199.35 | 399.6 | 1.4 | 5.5 | 25.5 | (3.0) |
| RAMCO SYSTEMS LTD. | 2,239 | 53.6 | 6.33 | 14.7 | 11.9 | 11.0 | 2.3 | 16.0 |
| Mobavenue AI Tech Limited | 2,135 | 16.9 | 23.58 | 44.6 | 32.4 | 30.8 | — | 21.8 |
| NUCLEUS SOFTWARE EXPORTS | 1,828 | 17.3 | 2.01 | 10.4 | 12.9 | 15.2 | 11.3 | 16.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 14.1 | 19.0 | 16 of 41 | 63% |
| P/B | 1.3 | 1.6 | 15 of 38 | 62% |
| ROCE | (6.8) | 4.9 | 39 of 43 | 10% |
| ROE | (9.1) | 3.5 | 36 of 42 | 15% |
| Debt / Equity | 0.0 | 0.0 | 5 of 42 | 46% |
| Profit growth | (35.8) | (12.0) | 25 of 41 | 40% |
| Market cap | 37 | 38 | 23 of 44 | 49% |
| 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 |
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.
