Global Education Ltd. (GLOBAL) AI Stock Analysis

• Market Cap: ₹4.16B
• Dividend Yield: 1.06%
• Average Volume (3M): 163.22K
• Price to Earnings (P/E): 19.0
• Beta (1Y): 1.12
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 155
• Sector: Services
• Sector Strength: N/A
• Industry: Education & Training Services
• EPS (TTM): N/A
• Shares Outstanding: 50,901,500
• 10 Day Avg. Volume: 175,438
• 30 Day Avg. Volume: 163,225
• PEG Ratio: -0.49
• Price to Book (P/B): 2.10
• Price to Sales (P/S): 3.07
• P/FCF Ratio: 12.24
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: ₹87.00 ▼(-2.87% Downside)

The score is driven primarily by strong financial fundamentals (debt-free balance sheet, solid profitability, and meaningful cash generation). Technicals are supportive but not strongly bullish near-term, while valuation is only average with a modest dividend yield, limiting the overall score.

Positive Factors

Debt-free balance sheet

A zero-debt, equity-heavy balance sheet materially reduces financial risk and interest burden, preserving flexibility for capex, curriculum investment, or M&A. Over the next 2–6 months this enhances resilience to enrollment cycles and funds strategic initiatives without refinancing risk.

High operating profitability

Sustained gross and net margins imply strong pricing power or low incremental costs in the core education model. These margins provide durable earnings power and a cushion against revenue softness, supporting reinvestment, consistent operating cash flow, and longer-term profitability stability.

Solid cash generation

Robust operating and free cash flow with notable FCF growth underpins internal funding for growth, product development, and shareholder returns. Reliable cash generation over months reduces reliance on external financing and supports strategic optionality in a capital-light education business.

Negative Factors

Modest revenue growth

Very slow top-line expansion limits the company’s ability to scale fixed-cost leverage and meaningfully grow earnings. Over 2–6 months this suggests market saturation or competitive pressure in core offerings, constraining long-term margin expansion and reinvestment returns.

Normalization of margins and returns

A step-down from prior high margins and ROE signals structural pressures — pricing, competitive intensity, or cost increases — that can persist beyond a quarter. Sustained lower returns reduce capital efficiency and could slow shareholder value creation absent strategic changes.

Variable cash conversion

Inconsistent free-cash-flow conversion versus reported earnings reduces the reliability of profits as a funding source. Over several months this variability constrains predictable dividend or investment plans and raises forecasting risk for capital allocation decisions.

Global Education Ltd. Business Overview & Revenue Model

Company Description

Global Education Limited provides educational and consultancy services in India and internationally. It operates through two segments, Educational Training and Development Activities; and Educational Business Support Activities. The company provides professional training and skill development to corporates, teachers, and students, as well as other various business support services to education institutions, corporates, and banks. It also offers operations and management consultancy services; financial management advisory services; IT advisory services; marketing and branding services; infrastructure facility services; and skill development and training, as well as conducts online exams. In addition, the company supplies computer hardware and accessories, tools, and printed materials, such as prospectus, journals, books, and stationery items for educational institutions. Global Education Limited was founded in 2011 and is headquartered in Mumbai, India.

How the Company Makes Money

Global Education Ltd. Financial Statement Overview

Summary

Strong overall financial quality: very strong balance sheet with zero debt and large equity base, plus healthy profitability (TTM gross margin ~52%, net margin ~29%) and solid operating/free cash flow (TTM OCF 293.7M; FCF 183.2M). Offsetting this, revenue growth is modest (~1.5% latest annual) and margins/returns have stepped down from prior peaks, with some variability in cash conversion (FCF ~62% of TTM net income).

Income Statement

TTM (Trailing-Twelve-Months) revenue is 765.3M with strong profitability (gross margin ~52%, net margin ~29%), supporting solid earnings power. However, profitability has stepped down versus prior annual periods (FY2024 net margin ~46% and higher operating margins), and revenue growth is modest in the latest annual period (~1.5%) versus the stronger growth seen earlier (FY2022–FY2024). Overall: still very profitable, but the trajectory shows margin normalization and slower top-line momentum.

Balance Sheet

The balance sheet is conservatively positioned with zero debt across periods and a large equity base (TTM equity ~1.19B vs. assets ~1.32B), which reduces financial risk and increases flexibility. Returns on equity remain healthy (TTM ~19.6%), though down from prior peaks (mid-to-high 20%+ and ~38% in earlier years), indicating profitability is easing even as the balance sheet stays strong.

Cash Flow

Cash generation is solid: TTM operating cash flow is 293.7M and free cash flow is 183.2M, with strong TTM free-cash-flow growth (~32%). That said, free cash flow covers only about ~62% of TTM net income (and ~70–83% in several annual periods), suggesting cash conversion is good but not consistently matching reported earnings. The latest annual period also showed slightly negative free-cash-flow growth, pointing to some variability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	765.26M	754.14M	743.11M	619.82M	394.02M	255.97M
Gross Profit	398.17M	398.50M	540.88M	498.21M	341.21M	94.38M
EBITDA	338.23M	380.39M	491.57M	365.95M	184.67M	38.01M
Net Income	219.71M	281.93M	338.27M	225.94M	108.52M	31.53M
Balance Sheet
Total Assets	1.32B	1.16B	975.27M	738.25M	523.05M	437.67M
Cash, Cash Equivalents and Short-Term Investments	30.67M	54.08M	84.94M	94.12M	38.71M	6.37M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	135.55M	65.90M	86.91M	84.88M	55.94M	39.25M
Stockholders Equity	1.19B	1.10B	889.65M	653.19M	467.11M	398.42M
Cash Flow
Free Cash Flow	183.17M	188.91M	200.69M	206.03M	12.88M	52.36M
Operating Cash Flow	293.71M	271.68M	240.81M	257.44M	208.43M	57.24M
Investing Cash Flow	-195.99M	-230.55M	-148.19M	-161.56M	-135.37M	-48.40M
Financing Cash Flow	-76.35M	-71.26M	-102.00M	-40.47M	-40.72M	-3.73M

Global Education Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GLOBAL	75 Outperform	₹4.16B	18.96	―	1.06%	―	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
ZEELEARN	55 Neutral	₹2.11B	23.76	―	―	28.91%	-94.80%
CLEDUCATE	52 Neutral	₹4.04B	-22.39	―	―	43.91%	-249.30%
CCHHL	45 Neutral	₹2.16B	25.19	―	―	45.17%	―
MTEDUCARE	41 Neutral	₹101.84M	-0.45	―	―	-3.63%	24.10%

Global Education Ltd. Corporate Events

Global Education Ltd. Approves Strategic Share Sale of NSE Holdings

Global Education Ltd. announced the approval of the sale of up to 110,000 equity shares of the National Stock Exchange of India Ltd. at a minimum price of ₹1,800 per share. This strategic move is expected to occur in the current or subsequent quarter, subject to regulatory and procedural formalities. The financial impact will be disclosed upon completion. Additionally, the Board reviewed and expressed satisfaction with the company’s general business operations.

Global Education Limited Approves Sale of NSE Shares

Global Education Limited’s Board of Directors has approved the sale of up to 110,000 equity shares of the National Stock Exchange of India Ltd. at a minimum price of ₹1,800 per share. This strategic move is expected to be executed in phases within the current or subsequent quarter, pending regulatory approvals. Additionally, the board reviewed the company’s general business operations and expressed satisfaction with its performance.