Regulatory Filing Details

Management Commentary - H1 FY27 Performance

Mr. Vinod Kumar Dachepalli, Whole Time Director, provided the following commentary:

  • Total income grew by 74% to ₹70 crore in H1 FY27
  • Net profit increased by 29% to ₹10 crore
  • Commenced in-house notebook manufacturing
  • Launched PageCraft notebooks for phased rollout to existing school customers
  • Through Pelican Edu Supply and proposed combined textbook and notebook kits, aim to serve more academic requirements of school partners
  • Arrangement with Wiki Kids adds interactive classroom displays to offering
  • Proposed acquisition of Hara Communications remains subject to due diligence, definitive agreements and required approvals
  • Focus on executing initiatives in phased manner and building on existing school relationships

Financial Highlights H1 FY27

  • Revenue: ₹7,006.48 lakh
  • EBITDA: ₹1,462.78 lakh
  • PAT: ₹971.09 lakh

Key Business Updates

Backward Integration - Notebook Manufacturing

  • Acquired Linomatic Flexo print notebook manufacturing machine
  • Acquired advanced notebook manufacturing machinery for in-house production
  • Transitioning from trading ready-made notebooks to manufacturing internally
  • Focused on premium-quality notebooks with superior GSM paper
  • Will primarily cater to existing institutional clients and partner schools

Strategic Benefits of Manufacturing

  • Improved gross margins through backward integration
  • Better quality control and customization
  • Stronger supply chain reliability
  • Reduced dependence on third-party suppliers
  • Scalable production capabilities for future expansion

Product Portfolio Expansion

  • Launched PageCraft notebooks with trademark registered
  • Plans to market products through existing customer base and distribution network
  • Target segment: Existing customers and institutional clients
  • Plans to introduce educational kits combining textbooks and notebooks
  • Phased rollout aligned with market requirements and customer demand

Company Overview

Dachepalli Publishers Limited is an educational publishing house dedicated to K-12 segment, catering to CBSE, ICSE, and State Board curriculums. Founded in 1998 by Mr. Vinod Kumar Dachepalli and Mr. Rushikesh Dachepally. Headquartered in Hyderabad.

Operational Metrics

  • 250+ total employees
  • 650+ titles in portfolio
  • 6 brands owned
  • 6.94+ million books sold (FY 2026)
  • 75+ authors associated (in-house & external)
  • 400+ distribution network
  • 60+ trained professionals
  • 15 states/UT's schools & institutions served

Management Team

Mr. Vinod Kumar Dachepalli - Whole Time Director: Commerce graduate with over four decades of industry experience, associated with company since incorporation, oversees overall operations, strategic planning, and daily management.

Mr. Rushikesh Dachepalli - Executive Director: Over 40 years experience in customer relations and operations, played key role in content design, production, and marketing.

Ms. Manjula Dachepalli - Executive Director: Science graduate, associated with company since inception, oversees business strategy, human resources, design, and market expansion.

Mr. Harish Kumar Dachepalli - Executive Director: Honours degree in Commerce, executive education at ISB, associated since 2009, oversees R&D, sales operations, and strategic planning, appointed Director on March 26, 2018.

Mr. Abhinav Dachepally - Executive Director: Engineering degree and MBA in Marketing, joined company in 2014, contributed to marketing strategy and business development, appointed Director on March 26, 2018.

Product Portfolio

Pre-Primary Education

  • Grades/Levels: Playschool, Nursery, Jr. KG, Sr. KG
  • Age Group: 3 to 6 years
  • Curriculum Coverage: CBSE, ICSE, State Boards
  • Total Titles: 174
  • NEP-aligned foundational content
  • Technology-integrated and traditional series options

Primary Education (Grades 1-5)

  • Age Group: 7 to 11 years
  • Total Titles: 273
  • Subjects: Core studies and writing

Secondary Education (Grades 6-10)

  • Age Group: 12 to 16 years
  • Total Titles: 169
  • Subjects: English, Hindi, Mathematics, Science, Social Studies, plus supplementary subjects including Grammar, GK, Computer Science, Aptitude, Drawing, Value Education, Coding
  • Select series come with integrated EdTech components
  • Languages Offered: Telugu, Hindi, Tamil, Kannada

Titles by Brand, Board & Grade Range (K to 8)

| Brand | Board | No. of Titles |

| Apple Book Company | ICSE | 68 |

| Apple Book Company | CBSE | 96 |

| Apple Book Company | State Board | 45 |

| Orange Leaf Publishers | ICSE | 11 |

| Orange Leaf Publishers | CBSE | 37 |

| Orange Leaf Publishers | State Board | 87 |

| Pelican Publishing House | ICSE | 30 |

| Pelican Publishing House | CBSE | 35 |

| Pelican Publishing House | State Board | 60 |

| Sangam Publishing | ICSE | 12 |

| Sangam Publishing | CBSE | 22 |

| Sangam Publishing | State Board | 25 |

| School Book Company | ICSE | 3 |

| School Book Company | CBSE | 10 |

| School Book Company | State Board | 75 |

Strategic Expansion Initiatives

01 Expansion into Notebooks & Stationery Distribution

  • Entered distribution of notebooks and allied stationery products
  • Distribution spans multiple regions, catering directly to partner schools
  • Future roadmap: Commence in-house manufacturing upon achieving scale
  • Expected benefits: Margin efficiency, supply chain control, product quality standardization

02 School-Linked E-Commerce (D2C) Vertical

  • Launched school-linked e-commerce platform through tie-ups with partner schools
  • Parents can order textbooks, notebooks, and academic supplies online with home delivery
  • Reduced dependency on physical school book counters
  • Strengthens Direct-to-Consumer (D2C) capabilities

03 Curriculum Integration with Schools

  • Curriculum integration partnerships with 60+ schools
  • Company books implemented across all subjects from Kindergarten to Class 10
  • Value-added support includes structured teacher training programs and continuous academic hand-holding

04 Launch of NCERT-Aligned Workbooks

  • Successfully launched NCERT-aligned workbooks for Classes 6-8 for CBSE schools nationwide
  • Planned launch: NCERT workbooks for Classes 9 & 10 in next academic year

05 Financial Literacy Curriculum under NEP

  • Introduced "The Money Tree" financial literacy subject in line with NEP guidelines
  • Offered to CBSE, ICSE, and State Board schools
  • Focuses on age-appropriate financial awareness and life skills
  • Received strong adoption and positive feedback across multiple boards

06 Geographic Expansion into New States

  • Commenced full-fledged operations in Uttar Pradesh, Rajasthan, Gujarat, and Assam
  • Expansion includes distribution network setup, institutional partnerships, and regional sales teams

07 Child Author Development Initiative

  • Structured initiative to identify, mentor, and publish young student authors
  • Implemented in collaboration with schools and parents with editorial and publishing support

Geographical Presence & State-wise Revenue Breakup (₹ Lakhs)

| State | FY26 | % | FY25 | % | FY24 | % |

| Telangana | 2,961.42 | 32.40% | 2,108.67 | 33.00% | 2,508.99 | 49.33% |

| Andhra Pradesh | 1,959.65 | 21.44% | 1,277.98 | 20.00% | 1,434.93 | 28.21% |

| Karnataka | 1,346.10 | 14.73% | 958.49 | 15.00% | 496.86 | 9.77% |

| West Bengal | 260.25 | 2.85% | 185.31 | 2.90% | 76.39 | 1.50% |

| Maharashtra | 278.20 | 3.04% | 198.09 | 3.10% | 71.65 | 1.41% |

| Odisha | 161.53 | 1.77% | 115.02 | 1.80% | 56.92 | 1.12% |

| Tamil Nadu | 897.40 | 9.82% | 638.99 | 10.00% | 311.39 | 6.12% |

| Kerala | 296.15 | 3.24% | 210.87 | 3.30% | 35.51 | 0.70% |

| Madhya Pradesh | 358.96 | 3.93% | 255.60 | 4.00% | 33.07 | 0.65% |

| Goa | 137.09 | 1.50% | 172.53 | 2.70% | 40.20 | 0.79% |

| Gujarat | 129.91 | 1.42% | 0.00 | 0.00% | 20.16 | 0.40% |

| Chhattisgarh | 42.00 | 0.50% | 146.97 | 2.30% | 0.00 | 0.00% |

| North East | 170.51 | 1.87% | 121.41 | 1.90% | 0.00 | 0.00% |

| Uttar Pradesh | 100.00 | 1.09% | 0.00 | 0.00% | 0.00 | 0.00% |

| Rajasthan | 40.00 | 0.44% | 0.00 | 0.00% | 0.00 | 0.00% |

| Total | 9,139.02 | 100.00% | 6,389.92 | 100.00% | 5,086.07 | 100.00% |

Manufacturing Infrastructure & Supply Chain

  • 30,000 sq. ft. owned warehouse for national inventory
  • Custom logistics software for real-time tracking & route optimization
  • Real-time customer updates via Email & WhatsApp
  • End-to-end visibility from order approval to delivery

Digital Integration - WeStudy Platform

Dachepalli Publishers offers integrated academic ecosystem combining traditional printed textbooks with proprietary digital platform WeStudy. Hybrid solution supports schools, educators, and students across classroom and home environments.

Comprehensive Teacher Training Programs

  • Structured, hands-on teacher training for all levels from pre-primary to senior secondary
  • Weekly online subject-wise Zoom sessions throughout academic year
  • In-depth content familiarization covering lesson planning and classroom activities
  • On-campus physical workshops for schools implementing full curriculum
  • Integration of digital tools including animated videos and interactive practice modules
  • Ongoing support and feedback with continuous engagement post-training

Pelican Edu Supply Ecosystem

Pelican Edu Supply is transforming how schools procure, distribute, and monetize academic materials using technology, logistics integration, and data intelligence.

Mission: "To become India's most trusted, technology-enabled academic supply partner for schools and parents."

Operational Model

  • Asset-light expansion with zero capex on warehousing
  • No inventory risk for schools
  • 24-hour pickup cycle with integrated courier partners
  • State-by-state replicable plug-and-play operational model
  • Technology-enabled distribution ecosystem

Revenue & Margin Transparency

Schools gain complete visibility into financial ecosystem with:

  • Granular margin analysis per class, subject, and category
  • Live inventory visibility across warehouses
  • AI-driven demand forecasting for next academic year
  • Automated reconciliation with zero manual accounting errors
  • 100% audit-ready digital reports

Structured Student Data Engine

  • Consent-based collection transforming transactions into understanding of learner's journey
  • Direct-to-parent e-commerce expansion leveraging school trust
  • AI-powered revenue intelligence engine converting student data signals into personalized opportunities
  • Age-specific monetization throughout 12-year journey
  • Automated progression engine updating product catalog as class field updates

Revenue Streams

Core Institutional Business (B2B):

  • Institutional bulk supply - high-volume textbook and workbook procurement
  • School partnerships - contractual annual supply agreements with vendor exclusivity
  • Custom branded materials - school-logo notebooks, diaries, and stationery kits

Consumer Growth & Expansion (B2C):

  • Direct-to-parent e-commerce through school-specific online stores
  • Academic add-ons upselling supplementary materials during checkout
  • Subscription learning kits - future monthly STEM and activity boxes
  • Brand partnerships - leveraging student database for educational brand collaborations

Competitive Strengths

  • Focused K-12 market leadership with 100% revenue from segment
  • In-house printing infrastructure handling 85% of production internally
  • Extensive sales & distribution network of over 300 distributors across 10 states/UTs
  • Experienced leadership team with over 40 years experience
  • Pedagogically sound & consumer-centric content developed through rigorous process
  • Aligned with NEP 2020 & NCF offering integrated digital tools
  • Legacy of over 100 years with established roots since 1908

Strategic Growth Roadmap

  • Expanding across CBSE, ICSE, and State Board schools with integrated offerings
  • Developing AI-integrated LMS platform alongside WeStudy digital ecosystem
  • Building structured institutional sales engine to accelerate school onboarding
  • Pursuing district-level expansion across existing states and entering new markets including Kerala, Punjab, Haryana
  • Transitioning from trading-led notebook distribution toward in-house manufacturing
  • Building D2C educational commerce ecosystem through Pinaka platform

Financial Performance

Profit & Loss Statement (₹ Lakhs)

| Particulars | FY26 | FY25 | FY24 |

| Revenue from Operations | 9,136.28 | 6,389.92 | 5,086.07 |

| Other Income | 2.74 | 35.34 | 3.75 |

| Total Revenue | 9,139.02 | 6,425.26 | 5,089.82 |

| Cost of Materials Consumed | 5,312.79 | 4,109.51 | 3,607.69 |

| Employee Benefits Expenses | 897.29 | 584.32 | 516.07 |

| Operating and Selling Expenses | 576.46 | 413.91 | 201.44 |

| Total Expenses | 6,786.54 | 5,107.74 | 4,350.96 |

| EBITDA | 2,352.48 | 1,317.52 | 710.61 |

| Depreciation and Amortisation | 106.50 | 74.93 | 69.81 |

| Finance Expenses | 146.66 | 174.42 | 198.12 |

| Profit Before Tax | 2,099.32 | 1,068.17 | 470.93 |

| Tax Expense | 579.31 | 232.07 | 139.04 |

| Profit for the Year | 1,520.01 | 836.10 | 331.89 |

Balance Sheet (₹ Lakhs)

Equities & Liabilities:

| Particulars | FY26 | FY25 | FY24 |

| Share Capital | 1,497.60 | 1,101.60 | 612.00 |

| Reserves and Surplus | 6,499.57 | 1,826.99 | 1,364.22 |

| Total Shareholders Funds | 7,997.17 | 2,928.59 | 1,976.22 |

| Long Term Borrowings | 3,342.65 | 4,410.93 | 4,147.20 |

| Deferred Tax Liability (Net) | 15.11 | 23.06 | 51.76 |

| Long Term Provisions | 183.22 | - | 130.23 |

| Total Non-Current Liabilities | 3,540.98 | 4,433.99 | 4,329.19 |

| Short Term Borrowings | 164.91 | 192.70 | 0.00 |

| Trade Payables | 2,613.88 | 2,651.33 | 2,459.49 |

| Other Current Liabilities | 77.86 | 99.64 | 391.61 |

| Short Term Provisions | 610.74 | 128.06 | 140.69 |

| Total Current Liabilities | 3,467.39 | 3,071.73 | 2,991.79 |

| TOTAL EQUITIES & LIABILITIES | 15,005.54 | 10,434.30 | 9,297.20 |

Assets:

| Particulars | FY26 | FY25 | FY24 |

| Property, Plant and Equipment | 953.18 | 743.94 | 598.36 |

| Non Current Investments | 127.07 | 67.72 | 19.40 |

| Other Non-Current Assets | 0.00 | 0.00 | 43.60 |

| Total Non-Current Assets | 1,080.25 | 811.66 | 661.36 |

| Inventories | 5,453.00 | 3,043.60 | 2,723.16 |

| Trade Receivables | 7,451.76 | 6,191.56 | 5,605.01 |

| Cash and Bank Balances | 66.63 | 360.33 | 226.92 |

| Short Term Loans and Advances | - | - | 80.75 |

| Other Current Assets | 953.90 | 27.16 | 0.00 |

| Total Current Assets | 13,925.29 | 9,622.65 | 8,635.84 |

| TOTAL ASSETS | 15,005.54 | 10,434.31 | 9,297.20 |

Key Ratios

  • Revenue Growth: FY24 ₹5,086.07L → FY25 ₹6,389.92L → FY26 ₹9,136.28L
  • EBITDA: FY24 ₹710.61L → FY25 ₹1,317.52L → FY26 ₹2,352.48L
  • EBITDA Margin: FY24 13.97% → FY25 20.51% → FY26 25.74%
  • Net Profit: FY24 ₹331.89L → FY25 ₹836.10L → FY26 ₹1,520.01L
  • Net Profit Margin: FY24 6.53% → FY25 13.01% → FY26 16.63%