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 ₹ 2,335 Cr.
- Current Price ₹ 242
- High / Low ₹ 272 / 129
- Stock P/E 49.6
- Book Value ₹ 99.6
- Dividend Yield 0.00 %
- ROCE 12.8 %
- ROE 7.75 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Company has delivered good profit growth of 50.4% CAGR over last 5 years
- Debtor days have improved from 33.5 to 25.5 days.
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 33.8%
- Company has a low return on equity of -22.2% over last 3 years.
- Promoters have pledged 30.4% of their holding.
- Earnings include an other income of Rs.124 Cr.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -26.2%
* 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 BSE 1000
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 | |
|---|---|---|---|---|---|---|
| 3 | 75 | 161 | 362 | 471 | 482 | |
| 10 | 114 | 233 | 307 | 434 | 316 | |
| Operating Profit | -8 | -39 | -72 | 55 | 37 | 165 |
| OPM % | -300% | -52% | -44% | 15% | 8% | 34% |
| -0 | 1 | 38 | 8 | 47 | 124 | |
| Interest | 0 | 9 | 11 | 79 | 133 | 78 |
| Depreciation | 1 | 14 | 45 | 67 | 206 | 58 |
| Profit before tax | -8 | -61 | -89 | -83 | -255 | 154 |
| Tax % | -0% | -4% | -11% | -7% | -1% | 15% |
| -8 | -58 | -79 | -77 | -252 | 130 | |
| EPS in Rs | -11.83 | -14.20 | -12.86 | -11.66 | -33.24 | 10.97 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 185% |
| 3 Years: | 44% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 34% |
| TTM: | 119% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| 1 Year: | 22% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -30% |
| 3 Years: | -22% |
| Last Year: | 8% |
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 | 946 | 492 | |
| Total Liabilities | 12 | 380 | 887 | 1,626 | 1,863 | 1,832 |
| 4 | 255 | 734 | 1,432 | 1,611 | 1,268 | |
| CWIP | 2 | -0 | 3 | 10 | 0 | 0 |
| Investments | -0 | -0 | 0 | 5 | 5 | 5 |
| 6 | 125 | 150 | 180 | 246 | 560 | |
| Total Assets | 12 | 380 | 887 | 1,626 | 1,863 | 1,832 |
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 | -101 | |
| 12 | 313 | 363 | 139 | 51 | -26 | |
| Net Cash Flow | 0 | 48 | 36 | -65 | 34 | -21 |
| Free Cash Flow | -11 | -43 | -75 | 14 | 20 | 92 |
| CFO/OP | 65% | 88% | -28% | 49% | 111% | 71% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 46 | 17 | 12 | 39 | 36 | 25 |
| Inventory Days | 1,011 | |||||
| Days Payable | 4,731 | |||||
| Cash Conversion Cycle | -3,674 | 17 | 12 | 39 | 36 | 25 |
| Working Capital Days | -993 | -438 | -126 | -435 | -327 | -71 |
| ROCE % | -37% | -25% | -0% | -13% | 13% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|---|
| Total Enrolments Number |
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| Commerce Centers (JK Shah) Number |
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| Number of Centers Number |
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| Students Catered (K-12) Number |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1d
- Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Jun
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
10 Jun - JK Shah Classes signs MoU with Japan’s CPA Excellent Partners for global accounting talent pathways.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 1 Jun
- Announcement under Regulation 30 (LODR)-Newspaper Publication 31 May
Annual reports
Concalls
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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.