Navneet Education Limited MULTIBAGGER 200 Rs in 3 yrs time frame Medium Term

Navneet Education Limited MULTIBAGGER 200 Rs in 3 yrs time frame Medium Term

• Navneet Education Limited (Formerly known as Navneet Publications (India) Ltd), is in the business of Educational, Children and General books Publication, Scholastic Paper  and Non-Paper Stationery products.

• Navneet has emerged as a preferred brand for Educational Products among teachers and students in India. The company's products are sold under the brand names of 'Navneet', 'Vikas', 'Gala', 'FfUuNn' and  'Boss'.This is evident from thier sales figures which has grown strong yoy.

• All there Publications are focused in 5 mail languages English, Gujarati, Hindi, Marathi, and Urdu.The Company has 65 % market share in Western India, where literacy rate is growing steadily.

• The company also exports stationary to Middle East, parts of Africa, U.S.A. and Europe. The company has more than 500 Stock Keeping Units making it the largest paper stationery brand in India.

• In 2009 the company entered into Digital Learning in 2009. eSense which is  installed in 2,200 institutions int the country.
• The company also forayed into preschool sectore with Brandname Leapbridge Education.They have 6 schools in Pune and Mumbai and i expect this to grow in coming years.

• Navneet also has entered into School Management Business by taking a minority stake in a School Management Company in Andhra Pradesh. Till noe  the company has  52 schools under the brands "Gowtham Model School" in Andhra Pradhesh & "Orchids - the International school" 6 in  Bengalooru (Karnataka) & 3 in Mumbai (Maharashtra).

• With strong Management and good diversification and a steady dividend paying company, i believe this company is in niche education sector which is going to boom in coming years.This is already evident in there Profit which is increase 3 times in last 3 years.

So we recommend a Buy on this stock with target of 200 Rs in 3 yrs time frame.