fiitjee ltd. - company profile - 2011
DESCRIPTION
For the complete report, get in touch with us at : [email protected] FIITJEE Ltd. was established in 1992 with an aim to offer coaching / tuition services to students from science background, aspiring for engineering entrance examinations. It engages in providing coaching / preparatory classes for students ranging from std. VI to std. XII+, aspiring for competitive examinations in the domain of engineering. The report begins with the basic facts about the company such as contact details, revenues, competitors, brief history, line of business and geographic reach among others. Business model of the company describes the rationale of how it creates, delivers, and captures value through its services offered. Information about the company’s management side is also provided that details their names, designation, professional experiences, etc. Through SWOT analysis, the report highlights key internal factors that give the company advantage or disadvantage over its peers alongwith key external factors prevailing in the industry that may have favorable or unfavorable impact on the company’s operations. Expansion plans informs about the company’s strategic initiatives / future outlook in the medium term. The report also covers the financial analysis of the company including the balance sheet, profit and loss a/c and the key ratios depicting the key financial figures for fiscal year 2007-10. Industry Analysis provides top level understanding of the education sector in India with emphasis on Coaching Classes segment. Market size, growth, key segments, growth drivers and trends are some of the foremost points covered in the analysis. The competitive landscape identifies key players of the industry drawing comparisons on parameters such as number of centres, geographic reach, service offerings etc. The company is benchmarked against its main competitors’ key financial ratios in the competitive benchmarking chapter.TRANSCRIPT
July 2011FIITJEE Ltd.
Contents
Executive Summary
Factsheet
Offi & C tOffices & Centres
Business Model
Key People
SWOT Analysis
Expansion Plans
Financial Profile
FIITJEE Ltd.Financial Profile
Industry Analysis
Competitive Landscape
C titi B h kiCompetitive Benchmarking
Recent News
Appendix
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Executive Summary
Company• FIITJEE Ltd. was established in X with an aim to offer coaching / tuition services to students from Y b k d i i f Z t i tiCompany
Descriptionbackground, aspiring for Z entrance examinations
• FIITJEE Ltd. engages in providing coaching / preparatory classes for students ranging from std. A to std. B, aspiring for competitive examinations in the domain of X
Business Model • The company offers coaching classes under three categories, category 1, category 2 and category 3
SWOT Analysis• Strength 1 is one of its major strengths, however weakness 1 is one of the key areas of concern
• It can reap significant benefits owing to opportunity 1 while threat 1 can hinder the strategic initiatives and growth prospects of the organization
Fi i l P fil
• FIITJEE reported revenue of INR X mn in the fiscal year (FY) 20‐‐ registering a growth of Y% y‐o‐y and earned a net profit of INR Z mn in FY 20‐‐, registering a growth of U% y‐o‐y
Financial Profilep , g g g y y
• Financial profile of the company includes the balance sheet, profit and loss a/c and the key ratios depicting financial figures for the years 20‐‐, 20‐‐, 20‐‐ and 20‐‐, giving an insight into it’s financial performance
• Indian education industry is currently estimated to be valued at INR X bn and is broadly divided into education systems namely, A and B
l d i i l d h d h h i f l d iIndustry Analysis
• Formal education system includes segments such as A and B, whereas the informal education system includes X, Y and Z
• The coaching class segment in India is estimated to be valued at INR X bn in 20‐‐, growing at a CAGR of A% is expected to reach INR Y bn by 20‐‐.The market is mainly dominated by the coaching institutions extending classes for Medical, Engineering and other Management examinations
Competitive Landscape
• Key competitors for the company can be enlisted as: Competitor 1 and Competitor 2
• Competition in the coaching class industry is increasing steadily with many private chains opening their coaching institutions in different regions of the country
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SAMPLE
FactsheetBasic Information
• FIITJEE Ltd. offers its services to students aspiring for various
Brief Description
Industry ‐examinations like A, B across India and the middle east
• It has around X study centres and more than Y test centres across India
• It runs its centres as ‘A’, ‘B’, ‘C’ and ‘D’ across India and also has two study centres in U and V
y
Corporate Address ‐
Hostel facility for male students is also provided by the company
• It offers its courses to students of std. A to std. B wherein students are subjected to a comprehensive curriculum which facilitates a holistic development of concepts and fundamentals of higher education
Tel No. ‐
Fax No. ‐
• FIITJEE has a strength of X vastly experienced faculty members who train and groom students for the competitive examinations
• The company also provides integrated coaching to school students through its ‘X Program’ under the brand name ‘Y’ and ‘Z’
Website ‐
E‐mail ‐
Year founded ‐• It has also collaborated with many schools to provide educational services to the students in order to facilitate their admissions into X and Z
Ownership ‐
Revenue ‐
Brief HistoryFiscal Year End ‐
Auditor ‐
Competitors ‐
• 20‐‐:
• 19‐‐:
Brief History
4
Source:
Offices & Centres – India
HQ Office
Study Centres
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Source: Note: The mappings also exhibit major cities with multiple centres
Business Model
• FIITJEE Ltd. offers it services to students aspiring for higher education in the field of X though its various centres spread across India
• It has a team of vastly experienced faculty members who provide excellent guidance for students aspiring for higher education
FIITJEE Ltd.FIITJEE Ltd.
Division A Division B Division DDivision CDivision A Division B Division DDivision C
• ‐‐ • ‐‐ • ‐‐ • ‐‐
• ‐‐ • ‐‐ • ‐‐ • ‐‐
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Source:
Key People
Mr. X
Chairman & Managing Director
Name Designation
List of Directors
Founder Chairman and Chief MentorAge : ‐‐Since: ‐‐
Current Position: • ‐‐
Name Designation
‐ ‐
‐ ‐
‐ ‐
Biography: • ‐‐
Qualification: • ‐‐
‐ ‐
‐ ‐
‐ ‐
‐ ‐
Senior VP
Mr. Y& d
Name No. of Shares
Shareholders in the Company
Senior VP – Strategy, Business Promotion & AdmissionsAge : ‐‐Since: ‐‐
Current Position: • ‐‐
Professional History: •
‐ ‐
‐ ‐
‐ ‐
‐ ‐Professional History: • ‐‐
Qualification: • ‐‐
‐ ‐
‐ ‐
‐ ‐
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Source:
Q
Note: Share Holding Pattern is as per AGM dated 14th Sep 2010
‐ ‐
‐ ‐
SWOT Analysis
• Strength 1: •Weakness 1:
Strengths Weakness
• Strength 2 : •Weakness 2:
• Strength 3 :
• Opportunity 1: • Threat 1:
Opportunities Threats
• Opportunity 2 : • Threat 2:
• Opportunity 3: • Threat 3:
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Ratio AnalysisKey Ratios
Particularsy‐o‐y change
(20 )20‐‐ 20‐‐ 20‐‐ 20‐‐
Key Ratio Analysis• Analysis point 1
Particulars (20‐‐)
20 20 20 20
Profitability RatiosOperating Margin ‐ ‐ ‐ ‐ ‐Net Margin ‐ ‐ ‐ ‐ ‐Profit Before Tax Margin ‐ ‐ ‐ ‐ ‐
• Analysis point 2
• Analysis point 3Return on Equity ‐ ‐ ‐ ‐ ‐Return on Capital Employed ‐ ‐ ‐ ‐ ‐Return on Working Capital ‐ ‐ ‐ ‐ ‐Return on Assets ‐ ‐ ‐ ‐ ‐Return on Fixed Assets ‐ ‐ ‐ ‐ ‐
Cost Ratios ‐ ‐ ‐ ‐ ‐
• Analysis point 3
• Analysis point 4
Cost RatiosOperating costs (% of Sales) ‐ ‐ ‐ ‐ ‐Administration costs (% of Sales)
‐ ‐ ‐ ‐ ‐
Interest costs (% of Sales) ‐ ‐ ‐ ‐ ‐
Liquidity Ratios ‐ ‐ ‐ ‐ ‐Ownership Structure
q y
Current Ratio ‐ ‐ ‐ ‐ ‐Cash Ratio ‐ ‐ ‐ ‐ ‐
Leverage Ratios ‐ ‐ ‐ ‐ ‐
Debt to Equity Ratio ‐ ‐ ‐ ‐ ‐Debt to Capital Ratio
Total Paid‐up Capital ‐
Total Number of shareholders ‐
Share Holding PatternDebt to Capital Ratio ‐ ‐ ‐ ‐ ‐Interest Coverage Ratio ‐ ‐ ‐ ‐ ‐
Efficiency Ratios ‐ ‐ ‐ ‐ ‐
Fixed Asset Turnover ‐ ‐ ‐ ‐ ‐Asset Turnover ‐ ‐ ‐ ‐ ‐C t A t T
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Current Asset Turnover ‐ ‐ ‐ ‐ ‐Working Capital Turnover ‐ ‐ ‐ ‐ ‐Capital Employed Turnover ‐ ‐ ‐ ‐ ‐Source: Note: y‐o‐y change in Profitability and Cost Ratios is represented in basis pointsImproved Decline
Industry AnalysisCoaching Classes Segments – Overview Size & Growth •A and B constitute the coaching classes market in India Entrance Test Prep Market
• X is subject‐based and highly dependent on the reputation of individual local teachers Market for the same is highly fragmented with classes often being run by X from residential premises
400
500
600
X%X%C
D
B
+U%E
INR bn Private Tuitions Market
• Entrance test preparation market is process driven as content can be standardized across centers More than X% of the total test preparation market is occupied by Y market 100
200
300
400
X%
Y%Y%
X%
Y%
X%
Y%
BA
Y%
020‐‐ 20‐‐20‐‐20‐‐20‐‐
Private Tuitions Market Break‐up (20‐‐) Entrance Test Prep Market Break‐up (20‐‐)
Y% X%C
B A
U% X%
A
Z% V% ED
Y%
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Source:
B
Competitive Landscape (4/4)Competitive Scenario
Company Name AakashBrilliant Career
FIITJEE Gateforum IMS KalrashuklaMT
PRIME TIME VidyasagarCompany Name AakashTutorials Forum
FIITJEE Gateforum IMS KalrashuklaEducare
PRIME TIME Vidyasagar
Number of Centres
Study ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Information ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Examination ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Financial Information (INR mn – FY 2010)
Total Revenue ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Net Profit/(loss) ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐
Geographic Presence (India)
Zone A H M L H M M NA NA L L NA
Zone B M L M M L M NA NA M L NA
Zone C M NA H L M L H H H M H
Zone D L H M M H H NA L M H NA
Market Segmentation (courses/subjects)
Course A
Course B
Course C
Course D
Course E
Course F
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Source: Offered Not OfferedH: High; L: Low; M: MediumSAMPLE
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FIITJEE Ltd. is a part of Netscribes’ Education Company Profile Series. F d t il d i f ti t i d h i t l t tFor more detailed information or customized research requirements please contact:
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Jitendra PunjabiPhone: +91 33 4064 6214
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