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 ₹ 3,275 Cr.
- Current Price ₹ 238
- High / Low ₹ 444 / 232
- Stock P/E 28.3
- Book Value ₹ 58.1
- Dividend Yield 1.26 %
- 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: | -32% |
| 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)-Newspaper Publication
2d - Copies of newspaper advertisements for publication of quick response code and details of webpage to access audited financial results for quarter and financial year ended …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - Audio recording link for investors' call on May 12, 2026 after FY26 audited results.
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Announcement under Regulation 30 (LODR)-Investor Presentation
12 May - Please find Investor presentation on the Annual financials results for the financial year ended March 31, 2026
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
12 May - NIIT Learning Systems reported FY26 revenue of Rs.1,952 Cr, PAT Rs.247.7 Cr, and recommended Rs.3.25 final dividend.
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Announcement under Regulation 30 (LODR)-Dividend Updates
12 May - NIIT Learning Systems reported FY26 audited results, PAT 2,477.23 million, and recommended Rs.3.25 final dividend.
Annual reports
Concalls
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May 2026TranscriptAI SummaryPPT
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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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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.