Shanti Educational Initiatives Limited

BSE: SEIL539921ISIN INE440T01028

Consumer Discretionary
Education
BSE Consumer Discretionary

Share price

₹161.05+5.95 (+3.84%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹240.40
52W low: ₹109.30
Off 52W high: -33.01%
1M return: -12.47%
3M return: -20.55%
6M return: -19.47%
1Y return: +46.41%
20D avg volume: 14,200
50 DMA: ₹185.54
200 DMA: ₹187.91

Key ratios Consolidated

Market cap: ₹2,593 Cr
Current price: ₹161.05
52W high / low: ₹240.40 / ₹109.30
Face value: ₹1.00
P/E: 446.05
P/B: 33.84
EPS (TTM): ₹0.36
Book value / share: ₹4.76
ROE: —
ROCE: 10.50%
Operating margin: —
Net margin: —
Debt / equity: 0.08
Net debt: ₹4.21 Cr
Interest cover: 13.55
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: -0.5 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	16.30	23.17	5.83	11.42	15.16	18.84	20.55	9.77	9.83	2.90	3.19	4.53
	0.03	1.34	0.26	2.14	0.11	1.09	0.40	2.58	0.12	1.12	0.85	1.55
	16.33	24.51	6.09	13.56	15.27	19.93	20.95	12.35	9.95	4.02	4.04	6.08
	12.56	22.96	6.99	10.08	11.63	20.31	18.50	8.58	6.08	5.58	4.07	3.55
	2.38	0.69	2.36	3.19	1.69	4.03	—	—	—	—	—	—
	0.74	11.49	0.46	0.10	2.28	6.86	12.04	2.93	1.17	1.00	0.14	0.22
	3.60	4.07	3.34	3.30	2.88	3.09	2.42	2.03	1.69	1.12	1.46	1.10
	0.14	0.25	0.15	0.12	0.11	0.31	0.01	0.13	0.05	0.08	0.04	0.07
	0.41	0.32	0.48	0.45	0.38	0.64	0.18	0.32	0.14	0.20	0.08	0.09
	3.07	5.19	3.00	4.06	3.98	4.85	4.61	3.93	2.64	—	2.25	1.89
	3.77	1.55	-0.90	3.48	3.64	-0.38	2.45	3.77	3.87	-1.56	-0.03	2.53
	0.00	0.00	0.00	0.00	0.00	0.07	0.00	0.00	0.00	0.00	0.05	0.00
	3.77	1.55	-0.90	3.48	3.64	-0.31	2.45	3.77	3.87	-1.56	0.02	2.53
	0.94	0.57	-0.29	0.86	0.74	0.17	0.50	1.14	0.91	0.34	0.15	0.97
	2.82	1.04	-0.61	2.62	2.90	-0.47	1.95	2.50	3.08	-1.22	0.17	1.44
	0.18	0.06	-0.04	0.16	0.18	0.44	0.12	0.16	0.19	-0.07	0.01	0.09
Key metrics
	4.32	2.12	-0.27	4.05	4.13	0.64	2.64	4.22	4.06	-1.28	0.14	2.69
	26.50%	9.10%	-4.60%	35.50%	27.20%	3.40%	12.80%	43.20%	41.30%	-44.10%	4.40%	59.40%
	17.30%	4.50%	-10.50%	22.90%	19.10%	-2.50%	9.50%	25.60%	31.30%	-42.10%	5.30%	31.80%
	—	2.30%	—	4.40%	—	0.00%	—	—	—	—	—	—
	7.50%	23.00%	-71.60%	16.90%	54.20%	549.70%	544.20%	115.70%	—	—	—	—
	-2.80%	321.30%	-131.30%	4.80%	-5.80%	61.50%	1,047.10%	73.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23
Income statement
	56.72	55.58	58.99	19.05	10.99
	3.77	3.85	4.19	3.78	4.83
	60.49	59.43	63.18	22.83	15.81
	52.59	51.65	53.47	18.04	11.10
	8.62	7.93	4.03	—	—
	12.79	13.22	23.00	3.33	2.60
	14.31	13.58	9.23	4.74	3.12
	0.66	0.62	0.45	0.25	0.30
	1.66	1.62	1.28	0.43	0.22
	15.32	16.24	16.09	—	5.32
	7.90	7.78	9.71	4.79	4.72
	0.00	0.00	0.07	0.00	0.00
	7.90	7.78	9.78	4.79	4.72
	2.08	1.88	2.72	1.31	1.35
	5.87	5.95	7.06	3.65	3.37
	0.36	0.37	0.44	0.23	0.21
Key metrics
	10.22	10.02	11.51	5.47	5.24
	18.02%	18.00%	19.50%	28.70%	47.70%
	10.35%	10.70%	12.00%	19.20%	30.70%
	—	10.50%	13.30%	—	—
	-11.82%	-5.80%	209.70%	73.30%	—
	-14.68%	-15.70%	93.40%	8.30%	—
	—	5.84	-7.67	—	—
	—	1.29	-0.44	—	—
	—	0.08	0.11	—	—
	—	4.21	5.32	—	—
	—	-0.5	72.0	—	—
Balance sheet
	—	101.05	91.37	—	—
	—	30.29	21.27	—	—
	—	1.73	2.64	—	—
	—	0.00	9.48	—	—
	—	9.73	6.94	—	—
	—	1.11	1.36	—	—
	—	17.05	16.64	—	—
	—	9.81	4.78	—	—
	—	21.11	14.37	—	—
	—	5.94	7.96	—	—
	—	4.41	3.76	—	—
	—	1.53	4.20	—	—
	—	77.55	71.54	—	—
Cash flow
	—	7.69	-3.11	—	—
	—	1.90	-1.27	—	—
	—	-1.40	6.47	—	—
	—	-1.85	4.56	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	8.34	6.29	2.53	5.75	8.91	5.27	6.28	6.29	8.49	1.75	2.07	2.91
	0.03	1.59	0.25	2.16	0.09	1.15	0.18	2.04	0.12	1.12	0.85	1.78
	8.37	7.88	2.79	7.91	9.00	6.42	6.46	8.33	8.61	2.87	2.92	4.70
	5.04	6.20	3.85	4.49	5.86	6.70	4.45	4.54	4.91	3.92	2.70	2.60
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.85	2.73	0.13	0.60	0.69	3.11	0.30	0.34	1.17	1.01	0.13	0.22
	1.65	1.74	1.74	1.69	1.44	1.60	1.30	1.45	1.45	0.92	1.25	0.92
	0.00	0.00	0.00	0.00	0.01	0.00	—	0.13	0.05	0.08	0.04	0.07
	0.16	0.26	0.21	0.21	0.14	0.25	0.12	0.06	0.08	0.13	0.03	0.05
	1.67	2.54	1.35	2.28	2.83	2.53	2.53	2.43	1.78	—	1.15	1.16
	3.32	1.69	-1.06	3.42	3.14	-0.28	2.02	3.79	3.69	-1.05	0.21	2.09
	0.00	0.02	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	3.32	1.70	-1.06	3.42	3.14	-0.28	2.02	3.79	3.69	-1.05	0.21	2.09
	0.83	0.42	0.23	0.81	0.65	0.20	0.37	1.10	0.93	0.19	0.09	0.69
	2.49	1.28	-0.83	2.60	2.50	-0.48	1.65	2.70	2.77	-0.86	0.30	1.40
	0.15	0.08	-0.05	0.16	0.15	-0.03	0.10	0.17	0.17	-0.05	0.02	0.09
Key metrics
	3.48	1.96	-0.85	3.63	3.29	-0.03	2.14	3.98	3.82	-0.84	0.28	2.21
	41.70%	31.20%	-33.60%	63.10%	36.90%	-0.60%	34.10%	63.30%	45.00%	-48.00%	13.50%	75.90%
	29.90%	20.30%	-32.80%	45.20%	28.10%	-9.10%	26.30%	42.90%	32.60%	-49.10%	14.50%	48.10%
	—	2.20%	—	4.50%	—	-0.40%	—	—	—	—	—	—
	-6.40%	19.40%	-59.70%	-8.60%	4.90%	201.10%	203.40%	116.20%	—	—	—	—
	-0.40%	366.70%	-150.30%	-3.70%	-9.70%	44.20%	450.00%	92.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	22.91	23.49	26.32	14.30	10.99	3.93
	4.03	4.09	3.49	3.78	4.83	3.54
	26.95	27.58	29.81	18.07	15.81	7.48
	19.58	20.39	20.59	13.65	11.10	6.68
	0.00	0.00	0.00	—	—	—
	4.31	4.15	4.91	3.33	2.60	1.02
	6.82	6.61	5.79	4.06	3.12	2.15
	0.00	0.01	0.13	0.25	0.30	0.56
	0.84	0.81	0.51	0.26	0.22	0.74
	7.84	9.00	9.32	—	5.32	2.17
	7.37	7.18	9.22	4.42	4.72	0.80
	0.02	0.02	0.00	—	—	—
	7.38	7.20	9.22	4.42	4.72	0.80
	2.29	1.65	2.60	1.24	1.35	0.00
	5.54	5.55	6.63	3.18	3.37	0.80
	0.34	0.34	0.41	0.20	0.21	0.50
Key metrics
	8.22	8.02	9.86	4.93	5.24	2.10
	35.88%	34.10%	37.50%	34.50%	47.70%	53.40%
	24.18%	23.60%	25.20%	22.20%	30.70%	20.40%
	—	9.40%	13.10%	—	—	—
	-14.36%	-10.80%	84.10%	30.10%	179.60%	—
	-13.03%	-16.30%	108.50%	-5.60%	321.30%	—
	—	4.18	-0.14	—	—	—
	—	0.98	0.13	—	—	—
	—	0.00	0.00	—	—	—
	—	-0.95	-1.77	—	—	—
	—	128.3	61.6	—	—	—
Balance sheet
	—	83.95	76.95	—	—	—
	—	13.34	10.57	—	—	—
	—	0.95	1.77	—	—	—
	—	8.74	4.96	—	—	—
	—	2.15	1.97	—	—	—
	—	0.93	1.09	—	—	—
	—	13.65	13.06	—	—	—
	—	2.63	2.49	—	—	—
	—	7.10	5.69	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	75.83	70.18	—	—	—
Cash flow
	—	5.43	0.86	—	—	—
	—	1.26	1.74	—	—	—
	—	0.00	-1.66	—	—	—
	—	-1.25	1.00	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +28.81%
Sales CAGR 5Y: —
Profit CAGR 3Y: +18.09%
Profit CAGR 5Y: —
Sales YoY (TTM): -14.36%
Profit YoY (TTM): -13.03%

Consolidated

Sales CAGR 3Y: +71.65%
Sales CAGR 5Y: —
Profit CAGR 3Y: +20.86%
Profit CAGR 5Y: —
Sales YoY (TTM): -11.82%
Profit YoY (TTM): -14.68%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 49.90%

Quarter	30 Sep 2026	September 2026	June 2026
Promoter %	49.90%	49.90%	49.90%

Holder	Type	Holding	Previous	Change
Vedprakash Chiripal	Promoter	5.28%	5.28%	0.00%
Vishal Vedprakash Chiripal	Promoter	4.97%	4.97%	0.00%
Vansh J Chiripal	Promoter	4.26%	4.26%	0.00%
Jyotiprasad D Chiripal	Promoter	4.04%	4.04%	0.00%
Jaiprakash D Chiripal	Promoter	3.88%	3.88%	0.00%
Chiripal Exim Llp	Promoter Group	3.70%	3.70%	0.00%
Ronak B Agarwal	Promoter	3.68%	3.68%	0.00%
Legends Global Opportunities (Singapore) Pte. Ltd.	Public	3.68%	3.68%	0.00%
Albula Investment Fund Ltd	Public	3.21%	3.21%	0.00%
Brijmohan Devkinandan Chiripal	Promoter	3.13%	3.13%	0.00%
Nitika Deepak Chiripal	Promoter	2.98%	2.98%	0.00%
Urmiladevi Jyotiprasad Chiripal	Promoter	2.95%	2.95%	0.00%
Manjudevi Jaiprakash Chiripal	Promoter	2.74%	2.74%	0.00%
North Star Opportunities Fund Vcc-Bull Value Incorporated Vcc Sub-Fund	Public	2.68%	2.68%	0.00%
Century India Opportunity Fund Pc	Public	2.20%	2.20%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Shanti Educational Initiatives Limited	2,593	161.05	446.05	10.50%	-11.82% TTM	-14.68% TTM	+46.41%
NIIT Learning Systems Limited	2,293	166.00	9.32	17.90%	+19.31% TTM	+19.09% TTM	-48.25%
NIIT Ltd.	982	71.67	145.07	1.20%	+5.77% TTM	-79.18% TTM	-30.52%
Aptech Ltd.	479	82.63	17.64	14.10%	+9.36% TTM	+25.20% TTM	-23.56%
Career Point Edutech Limited	322	177.00	11.64	40.70%	—	—	-42.90%
CL Educate Limited	276	50.87	-13.18	4.80%	+11.97% TTM	-20.81% TTM	-42.84%
ZEE LEARN LIMITED	191	5.81	3.85	15.50%	-2.80% TTM	+457.09% TTM	-31.08%
Golden Crest Education & Services Limited S	164	312.90	680.22	2.20%	+38.71% TTM	+50.00% TTM	-10.78%
VJTF Eduservices Limited S	105	59.80	-57.32	—	-35.37% TTM	-803.85% TTM	-44.42%
Compucom Software Lt.	100	12.64	34.46	4.30%	-4.68% TTM	-18.72% TTM	-31.04%
IRONWOOD EDUCATION LIMITED	85	50.36	14.24	12.00%	+2,008.91% TTM	+155.41% TTM	+8.53%
Ascensive Educare Limited S	72	15.80	—	29.30%	—	—	-12.22%
LCC Infotech Ltd. S	66	3.93	49.13	-1.00%	+1,367.57% TTM	+178.66% TTM	-6.21%
Vantage Knowledge Academy Limited S	29	0.86	-86.00	0.60%	-63.27% TTM	-128.57% TTM	-58.25%
Tree House Education & Accessories Limited	26	6.05	-0.86	-7.10%	-35.50% TTM	-84.11% TTM	-22.93%
VIRTUAL GLOBAL EDUCATION LTD. S	25	0.44	—	-0.40%	-86.67% TTM	+89.09% TTM	-24.14%
DSJ KEEP LEARNING LIMITED S	22	1.39	-19.86	-14.60%	-28.04% TTM	-329.41% TTM	-50.36%
Humming Bird Education Limited	17	28.00	—	25.70%	—	—	-4.86%
MT EDUCARE LIMITED	12	1.63	-3.76	36.90%	-28.25% TTM	+89.90% TTM	-20.10%
Educomp Solutions Ltd S	11	0.87	-0.33	0.80%	-12.56% TTM	+4.91% TTM	-38.73%
Kuberan Global Edu Solutions Limited S	7	34.00	—	-22.40%	—	—	-24.14%
ACE EDUTREND LIMITED S	3	3.70	-21.76	-0.90%	—	+75.81% TTM	-12.74%

Filings & corporate actions

Recent announcements

Pursuant to Regulation 30 we wish to inform that the Board has approved the update on Composite Scheme of Arrangement amongst Shanti Educational Initiatives Limited, Shanti Learning Initiatives ....4 Nov 2026 · Company Update / Scheme of Arrangement
Financial Results for the Quarter and Half Year Ended 30.09.20264 Nov 2026 · Result / Financial Results
for approval of Financial Results of the Company for the quarter and half year ended 30.09.2026 along with other agenda items.4 Nov 2026 · Board Meeting / Outcome of Board Meeting
Shanti Educational Initiatives Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve Unaudited Financial ....29 Oct 2026 · Board Meeting / Board Meeting
Compliance certificate under Reg 74(5) of SEBI (DP) Regulations, 2018.8 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Scrutinizer Report and Voting Results for 38th AGM26 Sep 2026 · AGM/EGM / AGM
Summary of proceedings of the 38th Annual General Meeting (AGM) of the company held on September 25, 2026.25 Sep 2026 · AGM/EGM / AGM
Closure of Trading Window for the Quarter Ended 30.09.202624 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please find letter to shareholders containing weblink for accessing Annual Report and Notice of 38th Annual General Meeting.1 Sep 2026 · Company Update / General
Newspaper Publication pertaining to 38th Annual General Meeting and information of remote e - voting.30 Aug 2026 · Company Update / Newspaper Publication
Intimation of Record Date/Cut - off Date for E- voting for 38th Annual General Meeting of the company29 Aug 2026 · Company Update / General
Submission of Business Responsibility and Sustainability Report (BRSR) for FY 2025-202629 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report for Financial Year 25-2629 Aug 2026 · Others / Reg. 34 (1) Annual Report
Notice of 38th Annual General Meeting of the company scheduled to be held on 25th September, 2026.29 Aug 2026 · AGM/EGM / AGM
Newspaper publication pertaining to information regarding 38th Annual General Meeting of the company.25 Aug 2026 · Company Update / Newspaper Publication
Newspaper Publication12 Aug 2026 · Company Update / Newspaper Publication
Announcement under Regulation 30(5) of SEBI (LODR)11 Aug 2026 · Company Update / General
Appointment of Senior Management Personnel11 Aug 2026 · Company Update / General
Change in Management11 Aug 2026 · Company Update / Change in Management
Appointment of Company Secretary & Compliance Officer11 Aug 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Resignation of Company Secretary & Compliance Officer11 Aug 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
Approval of Financial Results for the quarter ended 30th June, 202611 Aug 2026 · Result / Financial Results
Board Meeting Outcome dated August 11, 202611 Aug 2026 · Board Meeting / Outcome of Board Meeting
Shanti Educational Initiatives Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/08/2026 ,inter alia, to consider and approve unaudited financial ....4 Aug 2026 · Board Meeting / Board Meeting
Intimation for change in Registered Office of the Company24 Jul 2026 · Company Update / Change in Registered Office Address
Compliance certificate under Reg. 74(5) of SEBI (DP) Regulations, 20187 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
General Update2 Jul 2026 · Company Update / General
Closure of Trading Window25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation under Regulation 30 SEBI (LODR), 2015 regarding receipt of Order from RD regarding Shifting of Registered Office3 Jun 2026 · Company Update / Change in Registered Office Address
Annual Secretarial Compliance Report for the Year ended March 31, 2026.29 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Newspaper Publication25 May 2026 · Company Update / Newspaper Publication
Declaration - Unmodified Opinion on Financial Results for 31st March, 2026.21 May 2026 · Company Update / General
We hereby inform that the Board in their meeting held today Appointed/Re-Appointed Internal Auditor of the Company.21 May 2026 · Company Update / General
Intimation for Letter of Comfort21 May 2026 · Company Update / General
Approval of Audited Financial Results (Standalone & Consolidated) for the quarter and year ended 31st March, 2026.21 May 2026 · Result / Financial Results
Approval of Audited Financial Results (Standalone & Consolidated) for the quarter and year ended 31st March, 202621 May 2026 · Board Meeting / Outcome of Board Meeting
Shanti Educational Initiatives Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/05/2026 ,inter alia, to consider and approve the Audited ....13 May 2026 · Board Meeting / Board Meeting
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....10 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Compliance Certificate under Regulation 74(5) of SEBI (DP) Regulation, 20186 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Special Resolution passed through Postal Ballot6 Apr 2026 · Company Update / Meeting Updates

Board meetings

4 Nov 2026 Board Meeting - Financial Results
11 Aug 2026 Board Meeting - Financial Results