At a Glance
Crizac Ltd, fresh off its IPO listing in July 2025, just delivered its first quarterly results as a public company. Revenue jumped to ₹210 Cr with PAT at ₹46 Cr (YoY growth 10%), proving that international student recruitment can be as lucrative as tech consulting—minus the coding headaches. Stock trades at ₹323 (P/E 37x), and investors are clearly paying Ivy League tuition for this growth story.
Introduction
Crizac isn’t your neighborhood coaching center. This is a global B2B education recruiter connecting students with universities in UK, Canada, Australia, and beyond. Think “Shaadi.com” but for colleges abroad, minus the awkward wedding photos. With 80% promoter holding, high margins, and RoE of 36%, it’s a rare combo of growth and profitability.
Business Model (WTF Do They Even Do?)
- Core Offering: Student recruitment for international universities.
- Services: Marketing, branding, admission processing for partner institutions.
- Revenue Model: Commission per student, plus branding contracts.
- Geography: UK, Canada, Ireland, Australia, New Zealand.
Basically, they’re the middlemen making sure your cousin gets into that “prestigious” college in Ontario.
Financials Overview
Q1 FY26 Snapshot
- Revenue: ₹210 Cr (+30% YoY)
- PAT: ₹46 Cr (+10% YoY)
- EPS: ₹2.62
- OPM: 29% (elite margins)
FY25 Full Year
- Revenue: ₹849 Cr
- PAT: ₹153 Cr
- ROE: 36%
- ROCE: 48%
Comment: IPO cash gives a strong runway, margins remain premium.
Valuation
- CMP: ₹323
- P/E: 37x
- EV/EBITDA: Approx. 25x
- DCF: Based on 25% growth → FV range ₹260–₹310.
Verdict: Slightly overvalued but justified if growth continues.
What’s Cooking – News, Triggers, Drama
- IPO Completed: Raised ₹860 Cr in July 2025.
