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 ₹ 2,172 Cr.
- Current Price ₹ 232
- High / Low ₹ 366 / 185
- Stock P/E
- Book Value ₹ 34.5
- Dividend Yield 0.00 %
- ROCE -13.1 %
- ROE -78.1 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 6.72 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -11.6%
- Company has a low return on equity of -51.2% over last 3 years.
- Promoters have pledged or encumbered 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.
- 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
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: | -23% |
| 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 | 660 | |
| 5 | 100 | 275 | 662 | 963 | |
| 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 | -993 | -438 | -126 | -435 | -327 |
| ROCE % | -37% | -25% | -0% | -13% |
Documents
Announcements
- (02/2025-26) EGM Notice Of Veranda Learning Solutions Limited 9h
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Of Earnings Call for the Quarter Ended June 30, 2025
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Board Meeting Intimation for Approving The Un-Audited Financial Results (Standalone And Consolidated) Of The Company For The Quarter Ended June 30, 2025
30 Jul - Board meeting on Aug 5 to approve Q1 FY26 financial results; trading window closed till 48 hours post results.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 Jul - Video recording of July 28, 2025 investor meet now available on company website.
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
29 Jul - VALSPL acquired remaining 9.60% stake in Veranda K-12, making it a wholly owned subsidiary.
Annual reports
Concalls
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Jul 2025TranscriptNotesPPT
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Jun 2025TranscriptNotesPPT
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Feb 2024Transcript PPT
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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.