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 ₹ 2,073 Cr.
- Current Price ₹ 221
- 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
Cons
- Stock is trading at 6.41 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 -51.6% over last 3 years.
- Promoters have pledged or encumbered 36.2% of their holding.
- Earnings include an other income of Rs.57.3 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 | TTM | |
|---|---|---|---|---|---|---|
| 3 | 75 | 161 | 362 | 471 | 491 | |
| 10 | 114 | 233 | 307 | 435 | 438 | |
| Operating Profit | -8 | -39 | -72 | 55 | 36 | 53 |
| OPM % | -300% | -52% | -44% | 15% | 8% | 11% |
| 0 | 1 | 38 | 8 | 47 | 57 | |
| Interest | 0 | 9 | 11 | 79 | 132 | 133 |
| Depreciation | 1 | 14 | 45 | 65 | 206 | 198 |
| Profit before tax | -8 | -61 | -89 | -81 | -255 | -220 |
| Tax % | -0% | -4% | -11% | -6% | -1% | |
| -8 | -58 | -79 | -76 | -252 | -219 | |
| EPS in Rs | -11.83 | -14.20 | -12.86 | -11.52 | -33.28 | -30.81 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 84% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -152% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -9% |
| 1 Year: | -24% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -52% |
| 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
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22h - Newspaper Advertisement -Corrigendum to the EGM Notice
- Corrigendum To 02/2025-26 Notice Of The Extra-Ordinary General Meeting Of The Company To Be Held On Monday, August 25, 2025 1d
- Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 18 Aug
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
13 Aug - Monitoring Agency Report confirms proper utilization of Rs.145.3 Cr preferential issue proceeds, no deviations.
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Incorporation Of A Wholly Owned Subsidiary - J.K. Shah Commerce Education Limited
13 Aug - Veranda Learning Solutions incorporated wholly owned subsidiary J.K. Shah Commerce Education Limited on August 13, 2025.
Annual reports
Concalls
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Aug 2025Transcript PPT
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Jul 2025TranscriptNotesPPT
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Feb 2024Transcript PPT
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Dec 2023TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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May 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.