Veranda Learning Solutions Ltd

Veranda Learning Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Veranda Learning Solutions Ltd

₹ 176 -1.94%
29 Apr - close price
verandalearning.com BSE: 543514 NSE : VERANDA
About

Veranda Learning Solutions Limited (“Veranda”) was incorporated on November 20, 2018, and is engaged in the business of offering diversified and integrated learning solutions in online, offline hybrid, and offline blended formats to learners enrolled with their courses through a multitude of career-defining competitive exams, professional courses, exam-oriented courses, short-term up-skilling, and re-skilling courses.[1]

Key Points

History
Incorporated on FY18, Veranda is a multi-product education company that delivers its courses online, offline and hybrid format. Company started its business operations in Dec’20 by acquiring content of Chennai RACE.[1]

Website BSE NSE
  • Market Cap ₹ 1,222 Cr.
  • Current Price ₹ 176
  • High / Low ₹ 337 / 155
  • Stock P/E 155
  • Book Value ₹ 85.8
  • Dividend Yield 0.00 %
  • ROCE -5.33 %
  • ROE -9.10 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Debtor days have improved from 236 to 180 days.

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -11.4% over last 3 years.
  • Promoters have pledged 98.3% of their holding.
  • Earnings include an other income of Rs.11.7 Cr.
  • Company has high debtors of 180 days.
  • Working capital days have increased from 1,609 days to 2,406 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

Sector: Education Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
2.77 1.26 2.54 3.86 4.49 3.26 3.27 5.69 4.92 4.82 8.03 13.83
2.51 2.56 4.30 4.66 6.19 4.93 5.36 23.57 10.29 5.58 4.53 5.34
Operating Profit 0.26 -1.30 -1.76 -0.80 -1.70 -1.67 -2.09 -17.88 -5.37 -0.76 3.50 8.49
OPM % 9.39% -103.17% -69.29% -20.73% -37.86% -51.23% -63.91% -314.24% -109.15% -15.77% 43.59% 61.39%
0.08 0.12 0.36 0.30 0.60 1.00 1.55 33.73 1.63 1.95 3.20 4.89
Interest 0.00 0.01 1.11 3.50 3.53 1.59 0.87 -0.28 1.19 1.31 1.39 4.56
Depreciation 0.17 0.09 0.10 0.10 0.08 0.08 0.04 0.04 0.37 0.20 0.20 0.62
Profit before tax 0.17 -1.28 -2.61 -4.10 -4.71 -2.34 -1.45 16.09 -5.30 -0.32 5.11 8.20
Tax % -5.88% 0.78% 0.77% 1.22% -0.85% 0.85% 0.00% 0.50% 0.57% 6.25% -0.39% -1.34%
0.17 -1.27 -2.58 -4.04 -4.75 -2.32 -1.45 16.02 -5.27 -0.30 5.13 8.31
EPS in Rs 0.24 -1.81 -0.69 -0.99 -1.15 -0.42 -0.26 2.60 -0.86 -0.05 0.74 1.20
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0.00 0.00 2.97 12.15 17.14 31.60
0.10 0.20 4.14 17.65 44.14 25.74
Operating Profit -0.10 -0.20 -1.17 -5.50 -27.00 5.86
OPM % -39.39% -45.27% -157.53% 18.54%
0.00 0.00 0.08 1.38 37.91 11.67
Interest 0.00 0.00 0.00 8.21 3.38 8.45
Depreciation 0.00 0.00 0.17 0.37 0.51 1.39
Profit before tax -0.10 -0.20 -1.26 -12.70 7.02 7.69
Tax % 0.00% 0.00% 0.79% 0.39% 0.57%
-0.10 -0.20 -1.25 -12.65 6.98 7.87
EPS in Rs -1,000.00 -2,000.00 -1.79 -3.07 1.13 1.03
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 89%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 5%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -5%
Return on Equity
10 Years: %
5 Years: %
3 Years: -11%
Last Year: -9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.00 0.00 7.00 41.18 61.57 69.20
Reserves -0.10 -0.29 -0.03 80.83 368.07 524.45
0.05 0.12 6.03 199.98 64.31 70.15
0.11 0.17 1.26 29.68 29.95 22.11
Total Liabilities 0.06 0.00 14.26 351.67 523.90 685.91
0.00 0.00 1.19 0.88 0.99 6.19
CWIP 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 3.52 209.64 404.35 550.42
0.06 0.00 9.55 141.15 118.56 129.30
Total Assets 0.06 0.00 14.26 351.67 523.90 685.91

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0.05 -0.06 -3.89 -14.12 -42.32
0.00 0.00 -8.96 -256.32 -225.97
0.05 0.06 12.92 317.21 222.33
Net Cash Flow 0.00 0.00 0.07 46.76 -45.96

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 290.03 237.93 179.73
Inventory Days
Days Payable
Cash Conversion Cycle 290.03 237.93 179.73
Working Capital Days 1,011.43 1,411.33 2,405.51
ROCE % -19.64% -2.68% -5.33%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
65.87% 65.87% 59.67% 59.96% 60.04% 53.46% 53.63% 53.63%
4.62% 3.86% 2.71% 2.63% 2.63% 2.99% 2.18% 2.20%
2.45% 1.51% 1.46% 1.41% 0.30% 0.01% 0.18% 0.29%
27.06% 28.75% 36.16% 36.01% 37.01% 43.53% 44.01% 43.88%
No. of Shareholders 11,95812,33011,72011,39411,93512,69111,20712,193

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

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