Ironwood Education
GREYCELLSEDUCATIONLTD NSE
Ironwood Education
Consumer ServicesNSE: GREYCELLSEDUCATIONLTD BSE: 508918 Education
Key Fundamentals
MicrocapEducationConsumer ServicesMarket Cap
₹76.81 Cr
Volatility
Moderate
P/E Ratio
13
EBITDA
₹8.21 Cr
Return on Equity
-47.14%
Debt to Equity
1.27
Book Value
₹18.61
52W High
₹62.8
52W Low
₹32.27
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has delivered good profit growth of 31.7% CAGR over last 5 years
Weaknesses
4- Stock is trading at 2.59 times its book value
- Promoter holding has decreased over last quarter: -1.77%
- Company has a low return on equity of 3.69% over last 3 years.
- Company has high debtors of 234 days.
Growth Rate
Revenue Growth
874% higher than
3Y
Net Income Growth
-138% lower than
3Y
ROE
-53.29% higher than
3Y
ROCE
-24.51% lower than
3Y
EBITDA Margin (Avg.)
289% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.95 | 0.84 | 0.81 | 1.47 | 0.67 | 0.9 | 0.94 | 0.95 | 0.24 | 0.52 | 29.6 | 22.22 | 11.56 |
| Expenses | 1.12 | 1.17 | 1 | 1.31 | 1.08 | 1.03 | 1.31 | 1.77 | 1.06 | 0.85 | 23.18 | 19.28 | 9.97 |
| Operating Profit | -0.17 | -0.33 | -0.19 | 0.16 | -0.41 | -0.13 | -0.37 | -0.82 | -0.82 | -0.33 | 6.42 | 2.94 | 1.59 |
| OPM % | -17.89% | -39.29% | -23.46% | 10.88% | -61.19% | -14.44% | -39.36% | -86.32% | -341.67% | -63.46% | 21.69% | 13.23% | 13.75% |
| Other Income | 0.01 | 1.12 | 0.02 | -5.42 | 0.03 | 1.25 | -1.15 | -7.69 | 0.04 | 0.17 | 0.19 | 0.41 | 0.2 |
| Interest | 0.15 | 0.15 | 0.12 | 0.36 | 0.11 | 0.05 | 0.09 | 0.15 | 0.26 | 0.26 | 1.23 | 0.83 | 0.86 |
| Depreciation | 0.1 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.12 | 0.12 | 0.12 | 0.13 | 0.08 | 0.07 |
| PBT | -0.41 | 0.53 | -0.4 | -5.73 | -0.6 | 0.96 | -1.72 | -8.78 | -1.16 | -0.54 | 5.25 | 2.44 | 0.86 |
| Tax % | 0% | 0% | 0% | 0.35% | 0% | 0% | 0% | 0.11% | 0.86% | -1.85% | 0.19% | 84.43% | 1.16% |
| Net Profit | -0.41 | 0.53 | -0.4 | -5.75 | -0.6 | 0.96 | -1.72 | -8.79 | -1.17 | -0.53 | 5.24 | 0.38 | 0.85 |
| EPS in Rs | -0.52 | 0.67 | -0.51 | -7.27 | -0.76 | 1.21 | -2.18 | -5.83 | -0.78 | -0.35 | 3.48 | 0.23 | 0.51 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8.01 | 7.6 | 7.1 | 7.31 | 5.75 | 5.58 | 2.63 | 2.19 | 2.37 | 4.07 | 3.46 | 52.58 | 63.9 |
| Expenses | 7.69 | 7.69 | 8.53 | 8.97 | 8.79 | 6.77 | 4.03 | 3.51 | 3.55 | 4.53 | 5.19 | 44.17 | 53.28 |
| Operating Profit | 0.32 | -0.09 | -1.43 | -1.66 | -3.04 | -1.19 | -1.4 | -1.32 | -1.18 | -0.46 | -1.73 | 8.41 | 10.62 |
| OPM % | 4% | -1.18% | -20.14% | -22.71% | -52.87% | -21.33% | -53.23% | -60.27% | -49.79% | -11.3% | -50% | 15.99% | 16.62% |
| Other Income | 0.81 | 0.87 | 0.8 | 0.44 | 0.3 | 0.72 | 0.27 | 0.35 | 0.38 | -4.33 | -7.55 | 0.73 | 0.97 |
| Interest | 0 | 0 | 0 | 0 | 0.06 | 0.2 | 0.32 | 0.45 | 0.68 | 0.79 | 0.41 | 2.7 | 3.18 |
| Depreciation | 0.2 | 0.15 | 0.16 | 0.18 | 0.04 | 0.45 | 0.54 | 0.26 | 0.45 | 0.43 | 0.45 | 0.45 | 0.4 |
| PBT | 0.93 | 0.63 | -0.79 | -1.4 | -2.84 | -1.12 | -1.99 | -1.68 | -1.93 | -6.01 | -10.14 | 5.99 | 8.01 |
| Tax % | -1.08% | 9.52% | -2.53% | 4.29% | 0.35% | 5.36% | 1.51% | 1.79% | -2.07% | 0.17% | 0.1% | 34.56% | — |
| Net Profit | 0.93 | 0.56 | -0.77 | -1.46 | -2.85 | -1.18 | -2.02 | -1.9 | -1.88 | -6.03 | -10.15 | 3.91 | 5.94 |
| EPS in Rs | 1.18 | 0.71 | -0.97 | -1.85 | -3.6 | -1.49 | -2.55 | -2.4 | -2.38 | -7.63 | -6.74 | 2.33 | 3.87 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7.91 | 7.91 | 7.91 | 7.91 | 7.91 | 7.91 | 7.91 | 7.91 | 7.91 | 7.91 | 15.07 | 16.78 |
| Reserves | 19.81 | 20.44 | 19.67 | 14.19 | 11.29 | 9.95 | 8.14 | 6.17 | 3.93 | -1.94 | 6.46 | 14.44 |
| Borrowings | 0 | 0 | 0 | 0 | 0.86 | 2.33 | 5.77 | 7.04 | 10.46 | 9.73 | 17.26 | 39.73 |
| Other Liabilities | 2.24 | 1.75 | 2.54 | 2.77 | 2.93 | 4.18 | 2.05 | 1.59 | 1.85 | 2.58 | 69.18 | 38.06 |
| Total Liabilities | 29.96 | 30.1 | 30.12 | 24.87 | 22.99 | 24.37 | 23.87 | 22.71 | 24.15 | 18.28 | 108 | 109 |
| Fixed Assets | 17.65 | 17.54 | 17.45 | 17.35 | 17.34 | 19.28 | 18.78 | 17.61 | 18.85 | 12.89 | 8.51 | 8.34 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0.02 | 0 | 0.01 | 0 | 0 | 0 | 0 |
| Investments | 5.3 | 5.3 | 6.93 | 1.39 | 2.09 | 2 | 3.6 | 3.76 | 3.76 | 3.5 | 2 | 2 |
| Other Assets | 7.01 | 7.26 | 5.74 | 6.13 | 3.56 | 3.07 | 1.49 | 1.33 | 1.54 | 1.89 | 97.46 | 98.67 |
| Total Assets | 29.96 | 30.1 | 30.12 | 24.87 | 22.99 | 24.37 | 23.87 | 22.71 | 24.15 | 18.28 | 108 | 109 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 0.2 | -0.19 | -1.08 | -1.51 | -2.83 | 0.83 | -1.81 | -1.38 | -1.29 | -0.82 | -26.14 | -24.41 |
| Investing | -1.57 | 0 | -0.81 | 1.59 | 1.33 | -2.19 | 0.1 | -0.42 | -0.26 | 1.48 | -4.02 | -0.03 |
| Financing | 1.9 | 0 | 0 | 0 | 0.85 | 1.28 | 1.63 | 1.81 | 1.67 | -0.94 | 32.56 | 24.38 |
| Net Cash Flow | 0.53 | -0.19 | -1.9 | 0.07 | -0.65 | -0.08 | -0.08 | 0.01 | 0.13 | -0.29 | 2.4 | -0.06 |
| Free Cash Flow | 0.12 | -0.23 | -1.16 | -1.57 | -2.85 | -1.59 | -1.83 | -1.39 | -1.55 | -0.83 | -30.42 | -24.44 |
| CFO/OP | 69 | 200 | 69 | 94 | 95 | -65 | 129 | 105 | 109 | 178 | 1,509 | -291 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 10.94 | 17.29 | 26.73 | 28.96 | 31.74 | 35.98 | 92.98 | 75 | 75.46 | 100 | 3,444 | 234 |
| Inventory Days | — | — | — | — | — | — | — | — | — | — | — | 4,009 |
| Days Payable | — | — | — | — | — | — | — | — | — | — | — | 56.78 |
| Cash Conversion Cycle | 10.94 | 17.29 | 26.73 | 28.96 | 31.74 | 35.98 | 92.98 | 75 | 75.46 | 100 | 3,444 | 4,186 |
| Working Capital Days | 84.76 | 108 | -49.35 | -26.96 | -67.92 | -60.18 | -126 | -135 | -146 | -99.55 | 2,686 | 364 |
| ROCE % | 2.53% | 2.25% | -2.82% | -5.64% | -13.19% | -4.57% | -7.95% | -5.73% | -5.76% | -3.47% | -0.88% | 15.98% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Ironwood Education insights
60 extracted metrics + investor summaries across FY09–FY26.
Documents
1
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Apr - Certificate dated April 6, 2026 issued by Bigshare Services Private Limited, Registrar and Share Transfer Agent of the Company for quarter ended March 31, 2026 6 Apr - Certificate dated April 6, 2026 issued by Bigshare Services Private Limited, Registrar and Share Transfer Agent of the Company for quarter ended March 31, 2026
2
Closure of Trading Window
30 Mar - Ironwood Education: trading window closed until 48 hours after March 31, 2026 results. 30 Mar - Ironwood Education: trading window closed until 48 hours after March 31, 2026 results.
5
Announcement For Opened New Retail Stores.
25 Feb - Opened seven retail stores in Gujarat, Maharashtra, Madhya Pradesh on Feb 23–24, 2026. 25 Feb - Opened seven retail stores in Gujarat, Maharashtra, Madhya Pradesh on Feb 23–24, 2026.
Frequently Asked Questions about Ironwood Education
What does Ironwood Education Ltd do?
Incorporated in 1983, Ironwood Education Ltd is engaged in the business of Education and Real Estate.[1]
Where is Ironwood Education Ltd (508918) listed?
Ironwood Education Ltd trades as GREYCELLSEDUCATIONLTD on the NSE and under code 508918 on the BSE.
Which sector does Ironwood Education Ltd belong to?
Ironwood Education Ltd is classified under the Consumer Services sector, in the Education industry.
What is the market capitalisation of Ironwood Education Ltd?
Ironwood Education Ltd has a market capitalisation of ₹76.81 Cr, which places it in the Small Cap band.
What is the PE ratio of Ironwood Education Ltd?
Ironwood Education Ltd trades at a PE ratio of 13.00, against a book value of ₹18.61 per share.
What is the 52-week high and low of Ironwood Education Ltd?
Over the last 52 weeks Ironwood Education Ltd has traded between ₹32.27 and ₹62.8.
What is the Return on Equity (ROE) of Ironwood Education Ltd?
Ironwood Education Ltd reported a return on equity of -47.14%. Its debt-to-equity ratio is 1.27.
Company Information
Incorporated in 1983, Ironwood Education Ltd is engaged in the business of Education and Real Estate.[1]
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