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 ₹ 1,962 Cr.
- Current Price ₹ 252
- High / Low ₹ 366 / 185
- Stock P/E
- Book Value ₹ 34.5
- Dividend Yield 0.00 %
- ROCE -4.27 %
- ROE -78.1 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 7.31 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -3.12%
- Company has a low return on equity of -51.2% over last 3 years.
- Company might be capitalizing the interest cost
- Promoters have pledged or encumbered 36.2% of their holding.
- Earnings include an other income of Rs.47.1 Cr.
- Debtor days have increased from 29.2 to 35.7 days.
- Working capital days have increased from 858 days to 2,757 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
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 | |
|---|---|---|---|---|---|
| 3 | 75 | 161 | 362 | 471 | |
| 10 | 114 | 233 | 307 | 435 | |
| Operating Profit | -8 | -39 | -72 | 55 | 36 |
| OPM % | -300% | -52% | -44% | 15% | 8% |
| 0 | 1 | 38 | 8 | 47 | |
| Interest | 0 | 9 | 11 | 79 | 132 |
| Depreciation | 1 | 14 | 45 | 65 | 206 |
| Profit before tax | -8 | -61 | -89 | -81 | -255 |
| Tax % | -0% | -4% | -11% | -6% | -1% |
| -8 | -58 | -79 | -76 | -252 | |
| EPS in Rs | -11.83 | -14.20 | -12.86 | -11.52 | -33.28 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 84% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -225% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 4% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -51% |
| 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 | 4,538 | |
| 5 | 100 | 275 | 662 | -2,915 | |
| 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 | 3 | -36 | -75 | -108 | 2,757 |
| ROCE % | -37% | -25% | -0% | -4% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
1d - Veranda Learning launches QIP at floor price INR 236.92, approved by board and shareholders.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
8 Jul - Veranda's commerce vertical secures 141 CA All India Rankers, including CA Final top 3 in May 2025 exams.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Jul - Certificate filed for securities dematerialization/rematerialization for quarter ended June 30, 2025.
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Announcement under Regulation 30 (LODR)-Allotment
3 Jul - Allotment of 11.86 lakh shares at Rs.221 each for Rs.26.21 Cr to acquire 51% stake in BB Publication.
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Announcement under Regulation 30 (LODR)-Allotment
2 Jul - Allotment of 21.48 lakh shares at Rs.221 each; VALSPL becomes wholly owned subsidiary.
Annual reports
Concalls
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Jun 2025TranscriptNotesPPT
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May 2025TranscriptNotesPPT
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Jan 2025TranscriptNotesPPT
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Feb 2024Transcript PPT
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Dec 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.