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 ₹ 4,038 Cr.
- Current Price ₹ 294
- High / Low ₹ 454 / 286
- Stock P/E 18.4
- Book Value ₹ 97.4
- Dividend Yield 1.02 %
- ROCE 28.2 %
- ROE 21.5 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.2%
- Company has been maintaining a healthy dividend payout of 17.1%
Cons
- Promoter holding is low: 34.2%
* 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 Allcap BSE Consumer Discretionary
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 1,132 | 1,362 | 1,554 | 1,653 | 1,856 | |
| 836 | 1,064 | 1,189 | 1,295 | 1,497 | |
| Operating Profit | 297 | 298 | 365 | 359 | 360 |
| OPM % | 26% | 22% | 23% | 22% | 19% |
| 11 | -6 | 27 | 34 | 42 | |
| Interest | 4 | 17 | 35 | 24 | 23 |
| Depreciation | 42 | 47 | 59 | 62 | 73 |
| Profit before tax | 262 | 228 | 297 | 306 | 306 |
| Tax % | 23% | 16% | 28% | 26% | |
| 202 | 192 | 213 | 228 | 219 | |
| EPS in Rs | 15.75 | 16.71 | 16.04 | ||
| Dividend Payout % | 0% | 0% | 33% | 18% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 5% |
| TTM: | -9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 25% |
| Last Year: | 22% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 116 | 27 | 27 | 27 | 27 |
| Reserves | 430 | 743 | 950 | 1,183 | 1,308 |
| 12 | 129 | 132 | 103 | 260 | |
| 390 | 806 | 919 | 874 | 974 | |
| Total Liabilities | 947 | 1,705 | 2,029 | 2,186 | 2,569 |
| 119 | 597 | 613 | 629 | 848 | |
| CWIP | 2 | 12 | 26 | 10 | 0 |
| Investments | 99 | 283 | 378 | 425 | 485 |
| 726 | 814 | 1,012 | 1,123 | 1,236 | |
| Total Assets | 947 | 1,705 | 2,029 | 2,186 | 2,569 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 277 | 153 | 279 | 247 | |
| -62 | -250 | -181 | -122 | |
| -94 | 100 | -69 | -73 | |
| Net Cash Flow | 121 | 3 | 28 | 53 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 45 | 58 | 53 | 56 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 45 | 58 | 53 | 56 |
| Working Capital Days | -17 | -34 | -25 | -8 |
| ROCE % | 36% | 34% | 28% |
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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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
6h - Allotment of equity shares under NIIT Learning Systems Limited Employee Stock Option Plan 2023-0.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Investor meeting March 18, 2026; CEO and Head M&A/IR to present; presentation available online.
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Disclosure/ Intimation Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015
3 Mar - MST UK Limited dissolved effective March 3, 2026; no financial or shareholding impact; corporate structure streamlined.
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Update / Disclosure Under Regulation 30 Of The Securities Exchange Board Of India (LODR) Regulations, 2015
27 Feb - Issued corporate guarantee up to USD 10.50mn for NIIT (USA) term loan; valid five years and 90 days.
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Disclosure/ Intimation Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015
25 Feb - MST Switzerland GmbH dissolved; inoperative subsidiary; no financial or operational impact; shareholding unchanged.
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.