Vantage Knowledge Academy Limited

Consumer Defensive — Education & Training Services · BSE

₹0.75+₹0.02 (+2.74%)

DalalBaazaar Score

44 / 100

🟡 Moderate

Verdict

CAUTION

Risk

High

Driven by the company is currently loss-making, micro-cap size, which brings thin liquidity, falling profits.

In simple words: The company is currently losing money, but sales are shrinking. The direction of profits is the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 7:00 pm

Understanding the Business

Company site ↗

The 60-second version of Vantage Knowledge Academy Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Vantage Knowledge Academy Limited provides education services in India.

IndustryEducation & Training Services

SectorConsumer Defensive

Employees13

Annual revenue₹2 Cr

How does it make money?

Turns over ₹2 Cr a year. Of every ₹100 of sales, about ₹6 reaches shareholders as profit, with ₹52 left at the operating level before interest, tax and depreciation. Each of its 13 employees supports ₹14.7 lakh of revenue a year, the signature of a people-led business.

Revenue / employee₹14.7 lakh

Who are its competitors?

The closest listed comparisons in its industry are HINDUSTAN UNILEVER LTD., ITC LTD, NESTLE INDIA LIMITED, BRITANNIA INDUSTRIES LTD. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What is its competitive advantage?Little sign of one

Returns on capital of 0.6% are at or below what the capital likely costs. That is the financial pattern of a business competing largely on price, where advantage has to come from execution rather than position.

Peer median ROE51.0%

What has been driving growth?

Profit has moved mainly because margins changed, not because the business sold much more. Over 3 years revenue moved -6% while net margin moved -87% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect-6%

Margin effect-87%

DalalBaazaar Score

44/ 100

Moderate

Weighted across six categories. Every point is explained below.

✗ Revenue has contracted at 2.1% a year
✗ Profit has declined at 50.7% a year
✗ Latest-year revenue growth of -51.0% is below the longer-term trend — momentum is fading
✗ Profit fell 82.5% in the latest year

Quality vs. Valuation

Company Quality

43/ 100

Weak

How good the business is, ignoring the share price entirely.

Valuation

30/ 100

Expensive

What you are being asked to pay, ignoring how good the business is.

Weak on business quality and not cheap enough to compensate.

vs. its own history

Not enough price and earnings history

vs. sector peers

Not enough peers with a usable P/E

vs. generic bands

N/A

No P/E — the company is lossmaking

EV/EBITDA

25.1x

PEG

—

What's Good / What's Bad

🟢 What's Going Well2

Cash flow has turned positive
Free cash flow moved from negative to positive over 3 years.
Consistently profitable
Profitable in every one of the last 4 reported years.

🔴 What Needs Attention2

Return on equity is falling
ROE has dropped from 22.7% to 0.3% — each rupee of shareholder capital earns less than it did.
Return on capital is falling
ROCE has declined from 30.5% to 0.6% — often a sign of competition or overexpansion.

Red Flags

4 items require attention · 1 high · 3 watch

🔴Significant margin compressionFinancial
EBITDA margin has fallen 17.1 points, from 69.4% to 52.2%.
🟡Profit is decliningFinancial
Net profit is down 88% over 3 years.
🟡Receivables growing faster than salesFinancial
Receivables up 27% against revenue up -6% — sales are being booked faster than they are collected.
🟡Shareholders have been dilutedOwnership
Shares outstanding are up 244% over 3 years — each existing share owns a smaller slice of the company.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Earnings have proved durable
Profitable in every one of the last 4 reported years. Consistency lowers the risk that any single bad year is structural rather than cyclical.

🔴 Bear CaseWhat could go wrong?

Margins are being competed away
EBITDA margin has fallen from 69.4% to 52.2%. If the trend continues, profit falls even on flat sales — and margin decline rarely reverses quickly.
Sales are being booked faster than collected
Receivables are up 27% against revenue up -6%. If customers keep taking longer to pay, reported profit will not turn into cash — and write-offs follow if some never do.
Returns on shareholder capital are falling
ROE has dropped from 22.7% to 0.3%. Each rupee of equity earns less than it did, so profit growth increasingly depends on raising more capital rather than on the existing base working harder.
Earnings are hard to forecast
Profit has swung sharply from year to year, so any single year — good or bad — is a weak guide to the next. Cyclical earnings deserve lower multiples for that reason.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1EBITDA margin holds above 50%✓ 52.2%
Two points below today's level — enough room for noise, tight enough to catch real compression.
2Free cash flow remains positive✓ ₹3 Cr
Profit that never becomes cash eventually stops being profit.
3ROCE stays above 8%✗ 0.6%
Falling returns on capital are usually competition arriving, and show up here before they reach the margin.

Investment Checklist

4 / 10 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✗ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✓ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✗ Revenue growing year-over-year
✗ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high
✗ Short-term technical trend isn't bearish

Price history

Quick Metrics

2 good · 3 neutral · 6 weak

Market Cap

₹26 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

Not meaningful

Loss-making

Earnings are negative, so a P/E multiple can't be read here

P/B Ratio

0.58x

Reasonable

Reasonable against the company's book value

EPS (TTM)

₹-0.01

Loss-making

Negative earnings per share — the business is losing money

ROE

0.3%

Weak

Weak capital efficiency

ROCE

0.6%

Weak

Low return on total capital employed

Debt/Equity

Not available

No data

Source didn't return this field

Revenue Growth (YoY)

-51.0%

Shrinking

Sales are contracting

Profit Growth (YoY)

-82.5%

Falling

Profits are shrinking

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

₹3 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

Operating Margin

21.9%

Good

Healthy core-business profitability

Net Margin

-13.9%

Weak

Very little revenue reaches the bottom line

Current Ratio

29.13

Comfortable

Healthy short-term liquidity

Beta (vs Nifty)

-0.56

Defensive

Steadier than the market

52W Range Position

Near low

Near its 52-week low

Technical Snapshot

SMA 20 / SMA 50

0.7 / 0.8

Bearish alignment (short < long)

Price vs SMA 200

Below

Long-term downtrend

RSI (14)

47.1

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹2 Cr	₹4 Cr	₹3 Cr	₹2 Cr	-2.1%
EBITDA	₹1 Cr	₹3 Cr	₹1 Cr	₹1 Cr	-10.9%
EBITDA Margin	69.4%	74.5%	31.5%	52.2%	—
PAT (Net Profit)	₹1 Cr	₹3 Cr	₹1 Cr	₹0 Cr	-50.7%
EPS	₹0.01	₹3.9	—	—	—
ROE	22.7%	18.6%	1.8%	0.3%	—
ROCE	30.5%	22.4%	2.8%	0.6%	—
Free Cash Flow	-₹1 Cr	-₹99 Cr	-₹7 Cr	₹3 Cr	—

🔴 Revenue has shrunk at 2.1% a year over 3 years.

🔴 EBITDA has shrunk at 10.9% a year over 3 years.

🔴 EBITDA Margin has fallen from 69.4% to 52.2% over 3 years (-17.1 pts).

🔴 PAT (Net Profit) has shrunk at 50.7% a year over 3 years.

🔴 ROE has fallen from 22.7% to 0.3% over 3 years (-22.3 pts).

🔴 ROCE has fallen from 30.5% to 0.6% over 3 years (-29.8 pts).

🟢 Free Cash Flow has turned positive, from -₹1 Cr to ₹3 Cr.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹40 Cr

Total Liabilities

₹1 Cr

Total Debt

—

Cash & Equivalents

₹0 Cr

Operating Cash Flow

₹4 Cr

Capex

-₹1 Cr

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

59.5%

Corporate Actions

Ex-Dividend Date

17 Jan 2025

Peer Comparison

Company	P/E	ROE
HINDUSTAN UNILEVER LTD.	42.5x	21.5%
ITC LTD	16.6x	27.4%
NESTLE INDIA LIMITED	59.8x	79.9%
BRITANNIA INDUSTRIES LTD	44.1x	51.0%

Recent News

1 positive5 general

Vantage Knowledge Academy 13th AGM passes all five resolutions

scanx.trade, 30 Sept

Vantage Knowledge Academy signs 3-year skilling deal with Swaminarayan University

scanx.trade, 23 Sept

Vantage Knowledge Academy - 14 penny stocks crash up to 80% in three months. Check full list here

The Economic Times, 25 Jan

PRISMX Stock Price and Chart — NSE:PRISMX

TradingView, 17 Aug

A B Infrabuild standalone net profit rises 4.30% in the June 2026 quarter

Business Standard, 13 AugResults

🟢Potentially positiveReported improvement. Check whether it came from volume, price or a one-off item before treating it as a trend.

Vantage Knowledge Academy forms UK subsidiary, appoints new MD

scanx.trade, 20 Jul

Watch Items

Revenue growth is negative (-51.0%) on the latest reported period — check if this is one-off or a trend.
Trading very close to its 52-week low — worth checking whether this reflects a temporary setback or a structural problem.
Cross-check against the company's latest quarterly filing / investor presentation before acting.
1 metric couldn't be retrieved for this stock — this is more common for smaller or thinly-covered listings.

DalalBaazaar Thesis

StrongFinancial Health

MiddlingValuation

WeakBusiness Quality · Growth · Profitability · Risk

Points for each in the Score ↑

Weak on the fundamentals

Poor scores on business quality without a price low enough to compensate. There is no obvious argument for owning this over a stronger company at a similar valuation. 1 high-severity red flag sits above this conclusion and should be read first.

1 of 3 tripwires tripped — ROCE stays above 8% · see Key things to watch ↑