Carrer Point Limited - Dark Horse - Buy

Career Point Started its operation in the year 1993, they are providing education to students preparing for competitive examinations, apart from this they are also offering test preparation, Technical training and so on.

Career point is partnered with NSDC for Skill development program proposed by modi govt. 

In our view NSDC is a big boost for the training and teaching sectors, Its helps this institutions to expand their business in and around India. 

• Annual Results

	Mar15	Mar14	Mar13	Mar12	Mar11
Income :
Operating Income	62.83	54.14	70.56	79.59	78.62
Expenses
Material Consumed	2.02	1.77	2.53	2.21	2.82
Manufacturing Expenses	0	0	0	0	0
Personnel Expenses	33.49	35.36	34.26	33.54	31.13
Selling Expenses	0	0	0	0	0
Adminstrative Expenses	16.29	15.14	13.61	15.33	14.85
Expenses Capitalised	0	0	0	0	0
Cost Of Sales	51.8	52.27	50.4	51.07	48.8
Operating Profit	11.04	1.87	20.16	28.52	29.82
Other Recurring Income	8.27	8.35	6.83	17.71	10.7
Adjusted PBDIT	19.31	10.22	26.99	46.22	40.53
Financial Expenses	1.07	2.11	0.96	0.04	0.05
Depreciation	4.69	3.69	1.78	1.66	1.3
Other Write offs	0	0	0	0	0
Adjusted PBT	13.55	4.42	24.25	44.52	39.17
Tax Charges	3.85	0.21	8.85	12.72	11.8
Adjusted PAT	9.7	4.21	15.4	31.8	27.37
Non Recurring Items	0	0	0	0	0
Other Non Cash adjustments	0	0	0	0	0
Reported Net Profit	9.7	4.21	15.4	31.8	27.37
Earnigs Before Appropriation	143.45	134.03	129.82	114.42	82.62
Equity Dividend	1.81	0	0	0	0
Preference Dividend	0	0	0	0	0
Dividend Tax	0	0	0	0	0
Retained Earnings	141.63	134.03	129.82	114.42	82.62

Source: Dion Global solution ltd

We recommend with a Buy call on carrer point cmp 108 tgt of 200.