Navneet Education Limited

The company has emerged as the preferred brand for educational products among teachers and students. The immensely popular products like Vikas workbooks, Gala practice books, YouVa full-scapes, are hot favorites amongst the young segment of India. These products are bestsellers not just because of their superior quality but also because of the nostalgic association of 90’s kids. In December 2016, Company acquired Encyclopedia Britannica (India) Pvt. Ltd. for publishing CBSE Textbooks. With this acquisition, Navneet will focus on serving the regional teaching and learning needs with supplemental digital solutions. Navneet reaches students of all age groups, teachers, parents, coaching institutions, and the community at large. The products are smartly designed to keep them functional, both in the terms of educational as well as marketing aspects. Products and brands can be advertised on the cover pages of best selling products. Here’s a list of products where advertising opportunities are available. The financials of the company is good, RoNW is 5.93% and at CMP its looks fully priced. This buyback is open offer, so there will not be much price difference benefits. So we give AVOID rating to this buyback.