Veranda Learning Solutions Ltd
Incorporated in 2018, Veranda Learning Solutions Ltd is developing & managing an integrated online-to-offline (O2O) EdTech platform which offers a wide range of learning programs for learners preparing for competitive and professional exams[1]
- Market Cap ₹ 1,470 Cr.
- Current Price ₹ 198
- High / Low ₹ 366 / 166
- Stock P/E
- Book Value ₹ 102
- Dividend Yield 0.00 %
- ROCE 3.01 %
- ROE -0.56 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 134 to 91.3 days.
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.36%
- Company has a low return on equity of 1.76% over last 3 years.
- Promoters have pledged 36.2% of their holding.
- Earnings include an other income of Rs.56.9 Cr.
- Company's cost of borrowing seems high
* 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 E-Learning
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
0.00 | 0.00 | 2.97 | 12.15 | 17.14 | 39.41 | 41.08 | |
0.10 | 0.20 | 4.14 | 17.65 | 44.14 | 21.88 | 60.73 | |
Operating Profit | -0.10 | -0.20 | -1.17 | -5.50 | -27.00 | 17.53 | -19.65 |
OPM % | -39.39% | -45.27% | -157.53% | 44.48% | -47.83% | ||
0.00 | 0.00 | 0.08 | 1.38 | 37.91 | 18.74 | 56.92 | |
Interest | 0.00 | 0.00 | 0.00 | 8.21 | 3.38 | 13.25 | 31.06 |
Depreciation | 0.00 | 0.00 | 0.17 | 0.37 | 0.51 | 2.53 | 12.22 |
Profit before tax | -0.10 | -0.20 | -1.26 | -12.70 | 7.02 | 20.49 | -6.01 |
Tax % | 0.00% | 0.00% | -0.79% | -0.39% | 0.57% | -13.81% | -35.94% |
-0.10 | -0.20 | -1.25 | -12.65 | 6.98 | 23.33 | -3.85 | |
EPS in Rs | -1,000.00 | -2,000.00 | -1.79 | -3.07 | 1.13 | 3.37 | -0.52 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 50% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 19% |
TTM: | -117% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -8% |
1 Year: | 14% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 1% |
3 Years: | 2% |
Last Year: | -1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 0.00 | 0.00 | 7.00 | 41.18 | 61.57 | 69.20 | 74.40 |
Reserves | -0.10 | -0.29 | -0.03 | 80.83 | 383.42 | 546.48 | 683.59 |
0.05 | 0.12 | 6.03 | 199.98 | 64.30 | 122.77 | 169.89 | |
0.11 | 0.17 | 1.26 | 29.68 | 14.61 | 132.38 | 223.40 | |
Total Liabilities | 0.06 | 0.00 | 14.26 | 351.67 | 523.90 | 870.83 | 1,151.28 |
0.00 | 0.00 | 1.19 | 0.88 | 0.99 | 64.65 | 58.53 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.09 | 0.00 |
Investments | 0.00 | 0.00 | 3.52 | 209.64 | 404.35 | 659.32 | 893.66 |
0.06 | 0.00 | 9.55 | 141.15 | 118.56 | 142.77 | 199.09 | |
Total Assets | 0.06 | 0.00 | 14.26 | 351.67 | 523.90 | 870.83 | 1,151.28 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
-0.05 | -0.06 | -3.89 | -14.12 | -42.32 | 29.55 | 31.93 | |
0.00 | 0.00 | -8.96 | -256.32 | -225.97 | -19.48 | -115.92 | |
0.05 | 0.06 | 12.92 | 317.21 | 222.33 | -10.16 | 102.48 | |
Net Cash Flow | 0.00 | 0.00 | 0.07 | 46.76 | -45.96 | -0.09 | 18.49 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 290.03 | 237.93 | 179.73 | 131.24 | 91.34 | ||
Inventory Days | |||||||
Days Payable | |||||||
Cash Conversion Cycle | 290.03 | 237.93 | 179.73 | 131.24 | 91.34 | ||
Working Capital Days | 1,011.43 | 1,411.33 | 2,405.51 | 943.85 | -1,694.30 | ||
ROCE % | -19.64% | -2.68% | 2.50% | 5.41% | 3.01% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 2d
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
10 Jun - Veranda 2.0 strategy launched; commerce education revenue to grow ₹281Cr to ₹1,000Cr by FY30; QIP approved.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
10 Jun - Board forms sub-committee to explore corporate restructuring options including merger, demerger, spin-off.
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Shareholder Meeting / Postal Ballot-Outcome of EGM
10 Jun - EGM approved capital increase, preferential share issuances, Rs. 500 Cr QIP fund raise, and related party transactions.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2 Jun - Veranda launches CIAP accounting program with UK IAB, starting June, offering global certification and placement support.
Annual reports
Concalls
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May 2025TranscriptNotesPPT
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Dec 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
Business Overview:[1]
a) VLSL is part of the Kalpathi AGS Group.
b) It provides education technology solutions, including training programs for competitive exams like State Public Service Commission, Banking, Insurance, Railways, IAS, CA, and professional upskilling.
c) The platform integrates technology, processes, and methodologies to deliver personalized learning experiences nationwide.
d) It offers diversified learning solutions in online, offline hybrid, and offline blended formats for students, aspirants, professionals, and corporate employees.