NIIT Learning Systems Ltd
NIIT Learning Systems Limited offers Managed Training Services to companies across 30 countries. The NLSL has comprehensive suite of Managed Training Services includes Custom Content and Curriculum Design, Learning Delivery, Learning Administration, Strategic Sourcing, Learning Technology, and L&D consulting services. The company also offers specialized solutions including immersive learning, customer education, talent pipeline as a service, DE&I training, digital and IT training
as well as leadership and professional
development services.[1]
- Market Cap ₹ 3,139 Cr.
- Current Price ₹ 228
- High / Low ₹ 444 / 203
- Stock P/E 27.2
- Book Value ₹ 58.1
- Dividend Yield 1.32 %
- ROCE 18.2 %
- ROE 15.4 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 48.0%
Cons
- Promoter holding is low: 34.1%
- Earnings include an other income of Rs.108 Cr.
- Working capital days have increased from 175 days to 386 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Services Other Consumer Services Education
Part of BSE Consumer Discretionary BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 141 | 106 | 35 | 25 | 13 | 329 | 404 | 400 | 483 | 532 | |
| 142 | 98 | 39 | 36 | 24 | 290 | 348 | 349 | 407 | 469 | |
| Operating Profit | -1 | 8 | -4 | -11 | -11 | 38 | 56 | 51 | 76 | 63 |
| OPM % | -1% | 8% | -11% | -46% | -83% | 12% | 14% | 13% | 16% | 12% |
| 4 | 1 | 4 | -7 | -3 | 39 | 52 | 95 | 112 | 108 | |
| Interest | 1 | 3 | 3 | 3 | 2 | 0 | 0 | 3 | 4 | 3 |
| Depreciation | 50 | 8 | 3 | 4 | 1 | 11 | 9 | 19 | 30 | 44 |
| Profit before tax | -48 | -2 | -6 | -25 | -16 | 66 | 98 | 124 | 155 | 125 |
| Tax % | -6% | 0% | 0% | 8% | 0% | 12% | -1% | 18% | 17% | 16% |
| -45 | -2 | -6 | -27 | -16 | 58 | 99 | 102 | 129 | 105 | |
| EPS in Rs | 7.54 | 9.46 | 7.61 | |||||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 70% | 32% | 43% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 110% |
| 3 Years: | 10% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 51% |
| 5 Years: | 63% |
| 3 Years: | 3% |
| TTM: | -10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -36% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 18% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 19 | 69 | 69 | 116 | 116 | 27 | 27 | 27 | 28 |
| Reserves | -40 | -59 | -71 | -97 | -113 | 261 | 465 | 555 | 674 | 772 |
| 95 | 121 | 25 | 30 | 0 | 1 | 0 | 29 | 26 | 21 | |
| 61 | 46 | 27 | 28 | 15 | 105 | 110 | 110 | 125 | 141 | |
| Total Liabilities | 118 | 126 | 50 | 30 | 18 | 482 | 602 | 722 | 852 | 961 |
| 21 | 14 | 6 | 2 | 0 | 14 | 35 | 80 | 109 | 118 | |
| CWIP | 0 | 0 | 2 | 1 | 0 | 2 | 12 | 24 | 10 | 0 |
| Investments | 0 | 0 | 1 | 0 | 5 | 193 | 377 | 420 | 472 | 571 |
| 97 | 113 | 40 | 27 | 13 | 272 | 179 | 198 | 261 | 272 | |
| Total Assets | 118 | 126 | 50 | 30 | 18 | 482 | 602 | 722 | 852 | 961 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1 | -2 | -10 | 51 | 64 | 85 | 84 | 104 | |||
| -2 | 0 | -5 | -52 | -63 | -44 | -57 | -70 | |||
| -3 | 2 | 14 | -1 | -0 | -32 | -37 | -34 | |||
| Net Cash Flow | -6 | -0 | -0 | -2 | 0 | 9 | -9 | 0 | ||
| Free Cash Flow | -3 | -3 | -10 | 42 | 25 | 43 | 40 | 61 | ||
| CFO/OP | 120% | 19% | 111% | 139% | 129% | 193% | 144% | 204% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 97 | 255 | 268 | 217 | 166 | 79 | 95 | 78 | 83 | 84 |
| Inventory Days | 28 | 54 | 210 | 255 | 376 | |||||
| Days Payable | 784 | 853 | 991 | 1,211 | 2,374 | |||||
| Cash Conversion Cycle | -659 | -544 | -513 | -739 | -1,832 | 79 | 95 | 78 | 83 | 84 |
| Working Capital Days | 15 | 168 | 56 | -184 | -180 | 79 | 41 | 55 | 85 | 386 |
| ROCE % | 1% | -109% | -406% | 36% | 24% | 23% | 24% | 18% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Number of MTS Customers Count |
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| Total Headcount Count |
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| Revenue Visibility (Order Book) USD Million |
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| DSO (Day Sales Outstanding) Days |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Restructuring
1d - NIIT Canada reduces share capital by CAD 5.06 million after completed contract.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
3 Jun - NIIT Learning Systems ranked among Training Industry’s Top 20 Learning Services Companies for 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
21 May - NIIT Learning Systems to meet investors on May 27, 2026 at TRINITY INDIA 2026 in Mumbai.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
20 May - Please find allotment dated May 20,2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
19 May - NIIT Learning Systems partners with Visier for workforce AI implementations in UK and Europe.
Annual reports
Concalls
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Nov 2025TranscriptAI SummaryPPT
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Jan 2025Transcript PPT
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Oct 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
Business[1]
NIIT Learning Systems offers Managed Training Services to Fortune 1000 and Global 500 corporations across North America and Europe. It is armed with necessary capital to take advantage of opportunities opening up, particularly in the Learning Outsourcing market.