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 ₹ 3,298 Cr.
- Current Price ₹ 240
- High / Low ₹ 444 / 203
- Stock P/E 14.5
- Book Value ₹ 112
- Dividend Yield 1.25 %
- ROCE 20.6 %
- ROE 16.6 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 23.1%
Cons
- Promoter holding is low: 34.2%
- Working capital days have increased from 13.4 days to 73.3 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 1,132 | 1,362 | 1,554 | 1,653 | 1,952 | |
| 836 | 1,064 | 1,189 | 1,295 | 1,585 | |
| Operating Profit | 297 | 298 | 365 | 359 | 367 |
| OPM % | 26% | 22% | 23% | 22% | 19% |
| 11 | -6 | 27 | 34 | 63 | |
| Interest | 4 | 17 | 35 | 24 | 23 |
| Depreciation | 42 | 47 | 59 | 62 | 76 |
| Profit before tax | 262 | 228 | 297 | 306 | 331 |
| Tax % | 23% | 16% | 28% | 26% | 25% |
| 202 | 192 | 213 | 228 | 248 | |
| EPS in Rs | 15.75 | 16.71 | 18.01 | ||
| Dividend Payout % | 0% | 0% | 33% | 18% | 18% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 3% |
| TTM: | -3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -30% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 20% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 116 | 27 | 27 | 27 | 28 |
| Reserves | 430 | 743 | 950 | 1,183 | 1,515 |
| 12 | 129 | 132 | 103 | 318 | |
| 390 | 806 | 919 | 874 | 1,199 | |
| Total Liabilities | 947 | 1,705 | 2,029 | 2,186 | 3,060 |
| 119 | 597 | 613 | 629 | 1,108 | |
| CWIP | 2 | 12 | 26 | 10 | 0 |
| Investments | 99 | 283 | 378 | 425 | 531 |
| 726 | 814 | 1,012 | 1,123 | 1,421 | |
| Total Assets | 947 | 1,705 | 2,029 | 2,186 | 3,060 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 277 | 153 | 279 | 247 | 288 | |
| -62 | -250 | -181 | -122 | -414 | |
| -94 | 100 | -69 | -73 | 130 | |
| Net Cash Flow | 121 | 3 | 28 | 53 | 4 |
| Free Cash Flow | 258 | 113 | 232 | 200 | 244 |
| CFO/OP | 109% | 72% | 96% | 91% | 104% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 45 | 58 | 53 | 56 | 71 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 45 | 58 | 53 | 56 | 71 |
| Working Capital Days | -17 | -34 | -25 | -8 | 73 |
| ROCE % | 36% | 34% | 28% | 21% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Number of Annuity (MTS) Clients count |
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| Total Headcount count |
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| Revenue Visibility USD million |
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| Top 5 Customer Revenue Concentration % of revenue |
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| Technology & Telecom Revenue Mix % of revenue |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Investor/analyst call on July 23, 2026, for Q1 unaudited financial results.
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Board Meeting Intimation for Unaudited Financial Results For The Quarter Ended June 30, 2026, Both Consolidated And Standalone
13 Jul - Board meeting on July 23, 2026 to consider Q1 FY27 unaudited standalone and consolidated results.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
13 Jul - NIIT Learning named 2026 Fosway AI market leader; launches AI-Ready L&D Enterprise portfolio.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
10 Jul - Intimation of allotment of equity shares under NIIT Learning Systems Limited Employee Stock Option Plan 2023-0.
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Company''s Clarification With Reference To Exchange Query On Movement In Volume
8 Jul - Company responded to BSE volume query, citing no specific reason for recent trading volume increase.
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.