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 ₹ 1,497 Cr.
- Current Price ₹ 201
- High / Low ₹ 366 / 166
- Stock P/E
- Book Value ₹ 34.5
- Dividend Yield 0.00 %
- ROCE -4.27 %
- ROE -78.1 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 5.81 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.36%
- Company has a low return on equity of -51.2% over last 3 years.
- Company might be capitalizing the interest cost
- Promoters have pledged 36.2% of their holding.
- Earnings include an other income of Rs.47.1 Cr.
- Debtor days have increased from 29.2 to 35.7 days.
- Working capital days have increased from 858 days to 2,757 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 E-Learning
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 3 | 75 | 161 | 362 | 471 | |
| 10 | 114 | 233 | 307 | 435 | |
| Operating Profit | -8 | -39 | -72 | 55 | 36 |
| OPM % | -300% | -52% | -44% | 15% | 8% |
| 0 | 1 | 38 | 8 | 47 | |
| Interest | 0 | 9 | 11 | 79 | 132 |
| Depreciation | 1 | 14 | 45 | 65 | 206 |
| Profit before tax | -8 | -61 | -89 | -81 | -255 |
| Tax % | -0% | -4% | -11% | -6% | -1% |
| -8 | -58 | -79 | -76 | -252 | |
| EPS in Rs | -11.83 | -14.20 | -12.86 | -11.52 | -33.28 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 84% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -225% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -4% |
| 1 Year: | 10% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -51% |
| Last Year: | -78% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 7 | 41 | 62 | 69 | 74 |
| Reserves | -7 | 36 | 244 | 308 | 183 |
| 7 | 203 | 306 | 583 | 4,538 | |
| 5 | 100 | 275 | 662 | -2,915 | |
| Total Liabilities | 12 | 380 | 887 | 1,622 | 1,880 |
| 4 | 255 | 734 | 1,428 | 1,611 | |
| CWIP | 2 | 0 | 3 | 10 | 0 |
| Investments | 0 | 0 | 0 | 5 | 5 |
| 6 | 125 | 150 | 180 | 264 | |
| Total Assets | 12 | 380 | 887 | 1,622 | 1,880 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -5 | -39 | 15 | 27 | 32 | |
| -6 | -225 | -342 | -231 | -66 | |
| 12 | 313 | 363 | 139 | 51 | |
| Net Cash Flow | 0 | 48 | 36 | -65 | 17 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 46 | 17 | 12 | 39 | 36 |
| Inventory Days | 1,011 | ||||
| Days Payable | 4,731 | ||||
| Cash Conversion Cycle | -3,674 | 17 | 12 | 39 | 36 |
| Working Capital Days | 3 | -36 | -75 | -108 | 2,757 |
| ROCE % | -37% | -25% | -0% | -4% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 13h
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - 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
1d - 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
1d - 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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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.