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 ₹ 4,947 Cr.
- Current Price ₹ 362
- High / Low ₹ 520 / 300
- Stock P/E 22.6
- Book Value ₹ 97.4
- Dividend Yield 0.83 %
- 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
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 | 1,776 | |
| 836 | 1,064 | 1,189 | 1,295 | 1,421 | |
| Operating Profit | 297 | 298 | 365 | 359 | 355 |
| OPM % | 26% | 22% | 23% | 22% | 20% |
| 11 | -6 | 27 | 34 | 27 | |
| Interest | 4 | 17 | 35 | 24 | 20 |
| Depreciation | 42 | 47 | 59 | 62 | 69 |
| Profit before tax | 262 | 228 | 297 | 306 | 293 |
| Tax % | 23% | 16% | 28% | 26% | |
| 202 | 192 | 213 | 228 | 207 | |
| EPS in Rs | 15.75 | 16.71 | 15.16 | ||
| Dividend Payout % | 0% | 0% | 33% | 18% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 5% |
| TTM: | -6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -16% |
| 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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
12 Nov - Transcript for Investors/ Analyst call organized for unaudited financial results for the quarter ended September 30, 2025
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
12 Nov - Seven CLO Learning in Practice Awards won (Nov 12, 2025): NVERSE Silver; client nominees won six Gold/Silver awards.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
12 Nov - Of allotment of equity shares under NIIT Learning Systems Limited Employee Stock Option Plan 2023-0.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
11 Nov - NIIT MTS named among Training Industry’s Top 20 IT and Technical Training Companies, 2025; 16th consecutive year.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 Nov - With Part A of Schedule III, we would like to inform you that the Company representatives shall be meeting investors as per the schedule given …
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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Nov 2025TranscriptNotesPPT
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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.