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 ₹ 2,326 Cr.
- Current Price ₹ 241
- High / Low ₹ 272 / 129
- Stock P/E 141
- Book Value ₹ 127
- 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 is low: 33.8%
- Company has a low return on equity of 1.76% over last 3 years.
- Promoters have pledged 30.4% of their holding.
- Earnings include an other income of Rs.68.5 Cr.
- Promoter holding has decreased over last 3 years: -26.2%
* 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 E-Learning
Part of BSE Consumer Discretionary BSE 1000
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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 2.97 | 12.15 | 17.14 | 39.41 | 41.08 | 34.54 | |
| 0.10 | 0.20 | 4.14 | 17.65 | 44.14 | 21.88 | 60.72 | 51.15 | |
| Operating Profit | -0.10 | -0.20 | -1.17 | -5.50 | -27.00 | 17.53 | -19.64 | -16.61 |
| OPM % | -39.39% | -45.27% | -157.53% | 44.48% | -47.81% | -48.09% | ||
| 0.00 | 0.00 | 0.08 | 1.38 | 37.91 | 18.74 | 56.92 | 68.54 | |
| Interest | 0.00 | 0.00 | 0.00 | 8.21 | 3.38 | 13.25 | 31.07 | 39.15 |
| Depreciation | 0.00 | 0.00 | 0.17 | 0.37 | 0.51 | 2.53 | 12.22 | 4.34 |
| Profit before tax | -0.10 | -0.20 | -1.26 | -12.70 | 7.02 | 20.49 | -6.01 | 8.44 |
| 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 | 9.88 | |
| EPS in Rs | -1,000.00 | -2,000.00 | -1.79 | -3.07 | 1.13 | 3.37 | -0.52 | 1.26 |
| 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: | -22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| TTM: | 1472% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.00 | 0.00 | 7.00 | 41.18 | 61.57 | 69.20 | 74.40 | 95.73 |
| Reserves | -0.10 | -0.29 | -0.03 | 80.83 | 383.42 | 546.48 | 683.59 | 1,120.60 |
| 0.05 | 0.12 | 6.03 | 199.98 | 64.30 | 122.77 | 169.89 | 256.08 | |
| 0.11 | 0.17 | 1.26 | 29.68 | 14.61 | 132.38 | 224.30 | 88.63 | |
| Total Liabilities | 0.06 | 0.00 | 14.26 | 351.67 | 523.90 | 870.83 | 1,152.18 | 1,561.04 |
| 0.00 | 0.00 | 1.19 | 0.88 | 0.99 | 64.65 | 58.53 | 55.98 | |
| 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 | 1,266.91 |
| 0.06 | 0.00 | 9.55 | 141.15 | 118.56 | 142.77 | 199.99 | 238.15 | |
| Total Assets | 0.06 | 0.00 | 14.26 | 351.67 | 523.90 | 870.83 | 1,152.18 | 1,561.04 |
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 |
| Free Cash Flow | -0.05 | -0.06 | -5.25 | -14.17 | -41.86 | 22.06 | 31.51 |
| CFO/OP | 50% | 30% | 314% | 231% | 158% | 173% | -163% |
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 | 270.37 | -987.45 | 2,371.22 | 386.02 | -1,743.35 | ||
| ROCE % | -19.64% | -2.68% | 2.50% | 5.41% | 3.01% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|---|
| Total Enrolments Number |
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| Commerce Centers (JK Shah) Number |
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| Number of Centers Number |
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| Students Catered (K-12) Number |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for Consideration And Approval Of The Audited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Year Ended March 31, 2026
2d - Board meets May 30, 2026 to approve audited Q4 and FY26 standalone and consolidated results; trading window remains closed.
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 21 May
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Grant Of Stock Options Under ESOP Scheme Of The Company
21 May - NRC granted 12,000 ESOPs to eligible employees at Rs. 68.50, vesting over one to four years.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 15 May
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 May - Monitoring agency report for Q4 FY2026 shows preferential issue proceeds fully utilized for equity, with no deviations.
Annual reports
Concalls
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Feb 2026Transcript PPT
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Nov 2022TranscriptAI SummaryPPT
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.