Veranda Learning Solutions Ltd
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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 ₹ 307 Cr.
- Current Price ₹ 31.8
- High / Low ₹ 43.8 / 16.6
- Stock P/E 4.76
- Book Value ₹ 99.6
- Dividend Yield 0.00 %
- ROCE 12.8 %
- ROE 3.84 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.31 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 36.9% CAGR over last 5 years
- Debtor days have improved from 37.3 to 25.5 days.
Cons
- Promoter holding has decreased over last quarter: -1.11%
- Promoter holding is low: 32.6%
- Company has a low return on equity of -24.0% over last 3 years.
- Promoters have pledged 69.5% of their holding.
- Earnings include an other income of Rs.111 Cr.
- 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
Part of BSE Consumer Discretionary
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 3 | 75 | 161 | 362 | 358 | 482 | 525 | |
| Sales growth | +2,855% | +115% | +124% | -1% | +35% | +32% | |
| 10 | 114 | 233 | 307 | 313 | 316 | 343 | |
| Operating Profit | -8 | -39 | -72 | 55 | 44 | 166 | 183 |
| OPM % | -300% | -52% | -44% | 15% | 12% | 34% | 35% |
| 0 | 1 | 38 | 8 | 5 | 124 | 111 | |
| Interest | 0 | 9 | 11 | 79 | 131 | 78 | 58 |
| Depreciation | 1 | 14 | 45 | 67 | 164 | 58 | 59 |
| Profit before tax | -8 | -61 | -89 | -83 | -246 | 154 | 177 |
| Tax % | -0% | -4% | -11% | -7% | 2% | 15% | |
| -8 | -58 | -79 | -77 | -252 | 130 | 158 | |
| EPS in Rs | -2.96 | -14.20 | -12.86 | -11.66 | -33.25 | 10.97 | 15.04 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 185% |
| 3 Years: | 44% |
| TTM: | 32% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 30% |
| TTM: | 129% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 5% |
| 1 Year: | 13% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -32% |
| 3 Years: | -24% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 7 | 41 | 62 | 69 | 74 | 96 |
| Reserves | -7 | 36 | 244 | 307 | 183 | 862 |
| 7 | 203 | 306 | 583 | 660 | 382 | |
| 5 | 100 | 275 | 667 | 947 | 476 | |
| Total Liabilities | 12 | 380 | 887 | 1,626 | 1,863 | 1,817 |
| 4 | 255 | 734 | 1,432 | 1,612 | 1,268 | |
| CWIP | 2 | 0 | 3 | 10 | 0 | 0 |
| Investments | 0 | 0 | 0 | 5 | 5 | 394 |
| 6 | 125 | 150 | 180 | 246 | 155 | |
| Total Assets | 12 | 380 | 887 | 1,626 | 1,863 | 1,817 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -5 | -39 | 15 | 27 | 32 | 106 | |
| -6 | -225 | -342 | -231 | -49 | -103 | |
| 12 | 313 | 363 | 139 | 51 | -26 | |
| Net Cash Flow | 0 | 48 | 36 | -65 | 34 | -24 |
| Free Cash Flow | -11 | -43 | -75 | 14 | 20 | 92 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 65% | 88% | -28% | 49% | 92% | 71% |
Ratios
Consolidated / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 46 | 17 | 12 | 39 | 47 | 25 |
| Inventory Days | 1,011 | |||||
| Days Payable | 4,731 | |||||
| Cash Conversion Cycle | -3,674 | 17 | 12 | 39 | 47 | 25 |
| Working Capital Days | -993 | -438 | -126 | -435 | -431 | -71 |
| ROCE % | -37% | -25% | -0% | -8% | 13% |
Insights
In beta| Oct 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Total Enrollments (Additional Learners) Students |
|
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| Number of Coaching Centers/PDCs Centers |
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| K-12 Schools Operated Schools |
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| K-12 Students Students |
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| Student Collections INR Crores |
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| Commerce Test Prep Enrolments Students |
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| JK Shah + Tapasya College of Commerce Students Students |
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Extracted by Screener AI
Documents
Announcements
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Results - Financial Results For The Quarter And Half Year Ended September 30, 2026
- Board approved Q2/H1 FY26 results on Nov 13, 2026; demerger/merger created Rs1,04,768.69 lakh exceptional gain.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Q2FY27 revenue rose 17% to ₹51 Cr; NCLT-sanctioned Commerce demerger received listing approvals.
- Announcement under Regulation 30 (LODR)-Investor Presentation
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Board Meeting Outcome for The Meeting Held On November 13, 2026
- Board approved Q2 FY27 results; demerger effective, mergers completed, and exceptional gain of Rs 1,04,768.69 lakh.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Q2 and H1 FY27 earnings call scheduled for November 13, 2026 at 2:00 PM IST.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
from bse
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Annual Report 2022
from bse
Concalls
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Nov 2026PPT
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Aug 2026Transcript PPT REC
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Jun 2026Transcript PPT
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Feb 2026Transcript PPT
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Oct 2025Transcript PPT
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Sep 2025Transcript PPT
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Aug 2025Transcript PPT
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Jul 2025PPT
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May 2025PPT
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Feb 2025PPT
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Jan 2025PPT
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Nov 2024PPT
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Aug 2024PPT
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May 2024PPT
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Feb 2024Transcript PPT
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Dec 2023PPT
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Nov 2023PPT
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Aug 2023PPT
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May 2023PPT
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Feb 2023PPT
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Nov 2022PPT
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.