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 ₹ 359 Cr.
- Current Price ₹ 37.2
- High / Low ₹ 37.9 / 16.6
- Stock P/E 57.3
- Book Value ₹ 127
- Dividend Yield 0.00 %
- ROCE 4.31 %
- ROE 0.56 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.29 times its book value
- Debtor days have improved from 91.6 to 52.4 days.
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 33.8%
- Company has a low return on equity of 1.13% over last 3 years.
- Promoters have pledged 30.4% of their holding.
- Earnings include an other income of Rs.44.3 Cr.
- Promoter holding has decreased over last 3 years: -19.7%
* 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
Part of BSE Consumer Discretionary
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 2.97 | 12.15 | 17.14 | 39.41 | 41.08 | 29.89 | 23.41 | |
| 0.10 | 0.20 | 4.14 | 17.65 | 44.14 | 21.88 | 60.72 | 25.45 | 20.84 | |
| Operating Profit | -0.10 | -0.20 | -1.17 | -5.50 | -27.00 | 17.53 | -19.64 | 4.44 | 2.57 |
| OPM % | -39.39% | -45.27% | -157.53% | 44.48% | -47.81% | 14.85% | 10.98% | ||
| 0.00 | 0.00 | 0.08 | 1.38 | 37.91 | 18.74 | 56.92 | 41.68 | 44.27 | |
| Interest | 0.00 | 0.00 | 0.00 | 8.21 | 3.38 | 13.25 | 31.07 | 39.63 | 41.70 |
| Depreciation | 0.00 | 0.00 | 0.17 | 0.37 | 0.51 | 2.53 | 12.22 | 3.09 | 2.06 |
| Profit before tax | -0.10 | -0.20 | -1.26 | -12.70 | 7.02 | 20.49 | -6.01 | 3.40 | 3.08 |
| Tax % | 0.00% | 0.00% | -0.79% | -0.39% | 0.57% | -13.81% | -35.94% | 127.35% | |
| -0.10 | -0.20 | -1.25 | -12.65 | 6.98 | 23.33 | -3.85 | -0.93 | -1.04 | |
| EPS in Rs | -1.79 | -3.07 | 1.13 | 3.37 | -0.52 | -0.10 | -0.11 | ||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 59% |
| 3 Years: | 20% |
| TTM: | -47% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 45% |
| 3 Years: | -8% |
| TTM: | 212% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| 1 Year: | 24% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | 1% |
| 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.00 | 0.00 | 7.00 | 41.18 | 61.57 | 69.20 | 74.40 | 96.17 |
| Reserves | -0.10 | -0.29 | -0.03 | 80.83 | 383.42 | 546.48 | 683.59 | 1,121.40 |
| 0.05 | 0.12 | 6.03 | 199.98 | 64.30 | 122.77 | 169.89 | 350.54 | |
| 0.11 | 0.17 | 1.26 | 29.68 | 14.61 | 132.38 | 224.30 | 30.20 | |
| Total Liabilities | 0.06 | 0.00 | 14.26 | 351.67 | 523.90 | 870.83 | 1,152.18 | 1,598.31 |
| 0.00 | 0.00 | 1.19 | 0.88 | 0.99 | 64.65 | 58.53 | 0.54 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.09 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 3.52 | 209.64 | 404.35 | 659.32 | 893.66 | 1,272.70 |
| 0.06 | 0.00 | 9.55 | 141.15 | 118.56 | 142.77 | 199.99 | 325.07 | |
| Total Assets | 0.06 | 0.00 | 14.26 | 351.67 | 523.90 | 870.83 | 1,152.18 | 1,598.31 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| -0.05 | -0.06 | -3.89 | -14.12 | -42.32 | 29.55 | 31.93 | -7.29 | |
| 0.00 | 0.00 | -8.96 | -256.32 | -225.97 | -19.48 | -115.92 | -581.33 | |
| 0.05 | 0.06 | 12.92 | 317.21 | 222.33 | -10.16 | 102.48 | 575.93 | |
| Net Cash Flow | 0.00 | 0.00 | 0.07 | 46.76 | -45.96 | -0.09 | 18.49 | -12.68 |
| Free Cash Flow | -0.05 | -0.06 | -5.25 | -14.17 | -41.86 | 22.06 | 31.51 | -7.34 |
| CFO/OP | 50% | 30% | 314% | 231% | 158% | 173% | -163% | -50% |
Ratios
Standalone / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 290.03 | 237.93 | 179.73 | 131.24 | 91.34 | 52.39 | ||
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 290.03 | 237.93 | 179.73 | 131.24 | 91.34 | 52.39 | ||
| Working Capital Days | 270.37 | -987.45 | 2,371.22 | 386.02 | -1,743.35 | -132.13 | ||
| ROCE % | -19.64% | -2.68% | 2.50% | 5.41% | 3.01% | 4.31% |
Insights
In beta| Oct 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Total Enrollments (Additional Learners) Students |
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| Number of Coaching Centers/PDCs Centers |
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| K-12 Schools Operated Schools |
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| K-12 Students Students |
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| Student Collections INR Crores |
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| Commerce Test Prep Enrolments Students |
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| JK Shah + Tapasya College of Commerce Students Students |
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Extracted by Screener AI
Documents
Announcements
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Apportionment Of Cost Of Acquisition Of Equity Shares Of Veranda Learning Solutions Limited ('Company / VLS') And Equity Shares Of J.K. Shah Commerce Education Limited ('JSCEL') Pursuant To Composite Scheme Of Arrangement Amongst The Company, JSCEL And Veranda XL Learning Solutions Private Limited ('VXLS') And Their Respective Shareholders Under Sections 230 To 232 And Other Applicable Provisions Of The Companies Act, 2013 ('Scheme')
- VLS issued cost apportionment guidance after JSCEL allotted 9.65 crore shares at 1:1 on October 6, 2026.
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Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
- JSCEL allotted 9,65,06,610 shares on Oct 7, 2026; ceased being VLS wholly owned subsidiary.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Veranda names J.K. Shah Commerce Education board ahead of October 6, 2026 demerger record date.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
- J.K. Shah Commerce Education approves new CMD, directors, CFO and CS; two directors resign effective Oct 6, 2026.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
from bse
Concalls
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Aug 2026Transcript PPT REC
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May 2024PPT
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Feb 2024Transcript PPT
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Dec 2023PPT
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Nov 2023PPT
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Aug 2023PPT
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May 2023PPT
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Feb 2023PPT
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Nov 2022PPT
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.