Veranda Learning Solutions Ltd

Veranda Learning Solutions Ltd

₹ 183 -2.27%
23 Apr - close price
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]

  • Market Cap 1,266 Cr.
  • Current Price 183
  • High / Low 337 / 155
  • Stock P/E
  • Book Value 62.0
  • Dividend Yield 0.00 %
  • ROCE -25.2 %
  • ROE -60.5 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 2.96 times its book value
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 98.3% of their holding.
  • Earnings include an other income of Rs.7.38 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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 5 11 30 29 28 37 48 48 69 98 92
6 9 21 42 42 42 54 69 69 65 84 78
Operating Profit -4 -5 -11 -11 -13 -14 -17 -21 -21 4 15 14
OPM % -255% -94% -101% -37% -45% -49% -45% -44% -43% 6% 15% 15%
0 0 0 0 0 0 2 36 0 2 2 4
Interest 0 0 1 4 3 2 1 2 5 8 10 20
Depreciation 1 1 2 6 6 6 6 15 18 19 6 18
Profit before tax -5 -5 -13 -21 -22 -21 -23 -3 -43 -22 0 -20
Tax % 0% 0% 2% 7% 5% 6% 6% 125% 10% 11% 667% 18%
-5 -5 -13 -19 -21 -20 -21 1 -39 -19 -2 -17
EPS in Rs -7.21 -7.34 -3.49 -4.74 -5.09 -3.60 -3.79 0.19 -6.28 -3.14 -0.31 -2.49
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 TTM
3 75 161 308
10 114 233 296
Operating Profit -8 -39 -72 12
OPM % -300% -52% -44% 4%
0 1 38 7
Interest 0 9 11 44
Depreciation 1 14 45 60
Profit before tax -8 -61 -89 -85
Tax % 0% 4% 11%
-8 -58 -79 -76
EPS in Rs -11.83 -14.20 -12.86 -12.22
Dividend Payout % 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 116%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -24%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -2%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -60%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 7 41 62 69
Reserves -7 36 229 360
7 203 306 454
5 100 290 525
Total Liabilities 12 380 887 1,408
4 255 734 1,174
CWIP 2 0 3 0
Investments 0 0 0 13
6 125 150 221
Total Assets 12 380 887 1,408

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
-5 -39 15
-6 -225 -342
12 313 363
Net Cash Flow 0 48 36

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
Debtor Days 46 17 12
Inventory Days 1,011
Days Payable 4,731
Cash Conversion Cycle -3,674 17 12
Working Capital Days 3 -36 -75
ROCE % -37% -25%

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.

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