Had an insightful meeting in Delhi with Career Launcher management last week.
- CUET exam : more the states where central govt comes in power, more the adoption of CUET entrance exam. Currently a 11cr biz, can scale to 100 cr + in coming years. Opening centres in smaller towns with teaching in the regional language can be a big moat. CUET is not tested only in English.
- Demerger of Martech being evaluated even now as was asked on last investor call. Management understands the ROCE benefits by focusing only on edtech.
- Student mobility: by offering the test prep + admission counselling services into colleges worldwide, CL can achieve geographic expansion as well as cover whole spectrum of counselling, visa etc. This cross sell opportunity can be big in the future.
- Buyback ends on Nov 28th.
- With a net cash balance sheet of 100 cr + cash in a 420 cr mcap co, promoter is continuing to evaluate opportunities to use this cash
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