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 ₹ 1,837 Cr.
- Current Price ₹ 257
- High / Low ₹ 366 / 135
- Stock P/E
- Book Value ₹ 52.1
- Dividend Yield 0.00 %
- ROCE -0.33 %
- ROE -22.3 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 4.94 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -43.0% over last 3 years.
- Promoters have pledged 36.2% of their holding.
- Debtor days have increased from 22.8 to 39.3 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
Sector: Education Industry: Miscellaneous
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 | TTM | |
|---|---|---|---|---|---|
| 3 | 75 | 161 | 362 | 452 | |
| 10 | 114 | 233 | 307 | 368 | |
| Operating Profit | -8 | -39 | -72 | 55 | 84 |
| OPM % | -300% | -52% | -44% | 15% | 19% |
| 0 | 1 | 38 | 8 | 14 | |
| Interest | 0 | 9 | 11 | 79 | 123 |
| Depreciation | 1 | 14 | 45 | 65 | 87 |
| Profit before tax | -8 | -61 | -89 | -81 | -111 |
| Tax % | -0% | -4% | -11% | -6% | |
| -8 | -58 | -79 | -76 | -111 | |
| EPS in Rs | -11.83 | -14.20 | -12.86 | -11.52 | -16.39 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 422% |
| TTM: | 72% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -88% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -18% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -43% |
| Last Year: | -22% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 7 | 41 | 62 | 69 | 71 |
| Reserves | -7 | 36 | 244 | 308 | 300 |
| 7 | 203 | 306 | 583 | 616 | |
| 5 | 100 | 275 | 662 | 748 | |
| Total Liabilities | 12 | 380 | 887 | 1,622 | 1,736 |
| 4 | 255 | 734 | 1,428 | 1,464 | |
| CWIP | 2 | 0 | 3 | 10 | 0 |
| Investments | 0 | 0 | 0 | 5 | 5 |
| 6 | 125 | 150 | 180 | 267 | |
| Total Assets | 12 | 380 | 887 | 1,622 | 1,736 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| -5 | -39 | 15 | 27 | |
| -6 | -225 | -342 | -231 | |
| 12 | 313 | 363 | 139 | |
| Net Cash Flow | 0 | 48 | 36 | -65 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 46 | 17 | 12 | 39 |
| Inventory Days | 1,011 | |||
| Days Payable | 4,731 | |||
| Cash Conversion Cycle | -3,674 | 17 | 12 | 39 |
| Working Capital Days | 3 | -36 | -75 | -108 |
| ROCE % | -37% | -25% | -0% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
3m - Newspaper Publication regarding Notice of Extra-ordinary General Meeting.
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Extra-Ordinary General Meeting On Thursday, January 09, 2025 At 12.00 Noon (IST)
22h - Notice of 3rd Extra-Ordinary General Meeting on Jan 9, 2025.
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Board Meeting Outcome for Outcome Of The Board Meeting Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
2d - Preferential issue of shares and multiple acquisitions.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Veranda Learning to raise Rs. 250 Crores via preferential issue.
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
11 Dec - VALSPL completes acquisition of BAssure Solutions.
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.