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 ₹ 4,483 Cr.
- Current Price ₹ 327
- High / Low ₹ 444 / 260
- Stock P/E 37.1
- Book Value ₹ 55.2
- Dividend Yield 0.92 %
- ROCE 23.6 %
- ROE 20.0 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 53.3% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 33.8%
Cons
- Promoter holding is low: 34.1%
- Earnings include an other income of Rs.111 Cr.
- Working capital days have increased from 60.4 days to 85.0 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 141 | 106 | 35 | 25 | 13 | 329 | 404 | 400 | 483 | 538 | |
| 142 | 98 | 39 | 36 | 24 | 290 | 348 | 349 | 407 | 470 | |
| Operating Profit | -1 | 8 | -4 | -11 | -11 | 38 | 56 | 51 | 76 | 68 |
| OPM % | -1% | 8% | -11% | -46% | -83% | 12% | 14% | 13% | 16% | 13% |
| 4 | 1 | 4 | -7 | -3 | 39 | 52 | 95 | 112 | 111 | |
| Interest | 1 | 3 | 3 | 3 | 2 | 0 | 0 | 3 | 4 | 3 |
| Depreciation | 50 | 8 | 3 | 4 | 1 | 11 | 9 | 19 | 30 | 41 |
| Profit before tax | -48 | -2 | -6 | -25 | -16 | 66 | 98 | 124 | 155 | 136 |
| Tax % | -6% | 0% | 0% | 8% | 0% | 12% | -1% | 18% | 17% | |
| -45 | -2 | -6 | -27 | -16 | 58 | 99 | 102 | 129 | 114 | |
| EPS in Rs | 7.54 | 9.46 | 8.30 | |||||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 70% | 32% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 82% |
| 3 Years: | 14% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 53% |
| 3 Years: | 28% |
| TTM: | -6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -12% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| Last Year: | 20% |
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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 19 | 69 | 69 | 116 | 116 | 27 | 27 | 27 | 27 |
| Reserves | -40 | -59 | -71 | -97 | -113 | 261 | 465 | 555 | 674 | 729 |
| 95 | 121 | 25 | 30 | 0 | 1 | 0 | 29 | 26 | 23 | |
| 61 | 46 | 27 | 28 | 15 | 105 | 110 | 110 | 125 | 126 | |
| Total Liabilities | 118 | 126 | 50 | 30 | 18 | 482 | 602 | 722 | 852 | 906 |
| 21 | 14 | 6 | 2 | 0 | 14 | 35 | 80 | 109 | 116 | |
| CWIP | 0 | 0 | 2 | 1 | 0 | 2 | 12 | 24 | 10 | 0 |
| Investments | 0 | 0 | 1 | 0 | 5 | 193 | 377 | 420 | 472 | 499 |
| 97 | 113 | 40 | 27 | 13 | 272 | 179 | 198 | 261 | 291 | |
| Total Assets | 118 | 126 | 50 | 30 | 18 | 482 | 602 | 722 | 852 | 906 |
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 | |
|---|---|---|---|---|---|---|---|---|---|
| -1 | -2 | -10 | 51 | 64 | 85 | 84 | |||
| -2 | 0 | -5 | -52 | -63 | -44 | -57 | |||
| -3 | 2 | 14 | -1 | -0 | -32 | -37 | |||
| Net Cash Flow | -6 | -0 | -0 | -2 | 0 | 9 | -9 | ||
| Free Cash Flow | -3 | -3 | -10 | 42 | 25 | 43 | 40 | ||
| CFO/OP | 120% | 19% | 111% | 139% | 129% | 193% | 144% |
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 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 97 | 255 | 268 | 217 | 166 | 79 | 95 | 78 | 83 |
| 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 |
| Working Capital Days | 15 | 168 | 56 | -184 | -180 | 79 | 41 | 55 | 85 |
| ROCE % | 1% | -109% | -406% | 36% | 24% | 23% | 24% |
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)-Press Release / Media Release
2h - NIIT MTS ranked among Training Industry’s Top 20 Staffing and Temporary Resources Companies, 2026.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
10 Apr - NIIT Learning Systems confirms it is not a large corporate as of March 31, 2026.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
5 Apr - Of allotment of equity shares under NIIT Learning Systems Limited Employee Stock Option Plan 2023-0 of the Company.
- Closure of Trading Window 31 Mar
Annual reports
Concalls
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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.