BSE: 543289
Kuberan Global Edu Solutions L
Publishes and sells educational books targeted at students preparing for banking, MBA, government exams, and CA/CMA/CS courses, a segment that constituted 100% of the company's turnover. Revenue from operations dropped to NIL in FY26 from ₹53.54 Lakhs in FY25, and the company reported a net loss of ₹41.31 Lakhs for FY26 compared to a loss of ₹45.84 Lakhs the previous year. On 2 March 2026 the Board considered a proposal to sell the entire publishing and educational books segment on a slump sale basis for a lump sum consideration, with negotiations described as at an advanced stage. Following an October 2024 change of control to Hathor Corporate Advisors LLP, the entire board and key managerial personnel were replaced in June 2025, and the new management has decided to gradually exit the legacy test-preparation business while exploring new ventures, acquisitions, and strategic collaborations. Reserves turned negative at -₹28.20 Lakhs, total equity stood at ₹182.46 Lakhs, and total assets were ₹1.92 crore at the end of FY26. The registered office was shifted from Coimbatore, Tamil Nadu to Dadar East, Mumbai in December 2025, reflecting the new management's location. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Publishing and Sale of Educational Books (100%). Shell/transition company; legacy education publishing business being wound down and proposed for slump sale
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 1 | 0 |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | — | — | — | — | — |
| EPS, as reported (₹) | (0.10) | (0.07) | (0.09) | 2.18 | 1.96 |
| ROE % · ROCE % | — · (0.5) | — · (0.5) | — · (0.7) | — · (20.5) | — · (22.6) |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 0 | 0 | 0 | (0) | (0) |
| Capex | — | — | — | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q4 FY22 | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | 0 | (0) | (0) | (0) | (0) | (0) | (0) |
| Net profit | — | — | — | — | — | — | — | — |
| EPS (₹) | (0.10) | 0.03 | (0.07) | (0.01) | (0.08) | 1.09 | 1.04 | 0.92 |
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) | 11.4 | 23.5 | 4 of 14 | 77% |
| ROCE | (22.6) | 2.5 | 16 of 17 | 6% |
| Revenue growth | (100.0) | (0.0) | 16 of 16 | 0% |
| Market cap | 7 | 91 | 18 of 18 | 0% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · Routine compliance certificate from registrar for Q2 FY27 | compliance | minimal | — | — |
| 1 Oct 2026 · 13th AGM concluded; both resolutions passed with 100% approval | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 13th AGM held on Sept 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 7 Sept 2026 · AGM Notice and Annual Report 2025-26 sent to shareholders without registered email | compliance | minimal | — | — |
| 5 Sept 2026 · Newspaper publication of 13th AGM notice by Kuberan Global Edu Solutions | compliance | minimal | — | — |
| 4 Sept 2026 · 13th AGM Notice and Annual Report for FY 2025-26 submitted | board shareholder meetings | low | — | — |
| 4 Sept 2026 · 13th AGM on 30 Sept 2026, adopts FY26 accounts, director re-appointment | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Board approves director re-appointment, AGM on 30 Sept 2026 | management changes | medium | — | — |
| 13 Jul 2026 · Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended 30th June, 2026. | compliance | minimal | — | — |
| 22 May 2026 · Appointment of Mr. Farook Badu as Internal Auditor for FY 26-27 | management changes | low | — | — |
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.