Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 98 | 92 | 103 | 119 | 106 | 99 | 87 | 106 | 127 | 117 | 132 | 150 |
| Expenses | 84 | 78 | 81 | 99 | 78 | 132 | 69 | 74 | 81 | 79 | 85 | 98 |
| Operating Profit | 15 | 14 | 21 | 20 | 28 | -33 | 18 | 32 | 46 | 38 | 47 | 52 |
| OPM % | 15% | 15% | 21% | 17% | 26% | -33% | 21% | 30% | 36% | 32% | 35% | 35% |
| Other Income | 2 | 4 | 1 | 7 | -3 | -1 | 38 | 20 | 90 | 10 | 6 | 4 |
| Interest | 10 | 20 | 40 | 30 | 33 | 33 | 36 | 31 | 19 | 13 | 15 | 11 |
| Depreciation | 6 | 18 | 23 | 22 | 20 | 140 | 15 | 14 | 14 | 15 | 15 | 14 |
| Profit before tax | 0 | -20 | -39 | -25 | -28 | -206 | 6 | 7 | 103 | 20 | 24 | 30 |
| Tax % | 667% | -18% | -2% | 2% | 13% | -2% | -46% | 21% | 7% | 36% | 34% | -11% |
| Net Profit | -2 | -17 | -39 | -25 | -32 | -203 | 8 | 6 | 96 | 13 | 16 | 34 |
| EPS in Rs | -0.31 | -2.49 | -5.93 | -3.75 | -4.46 | -27.15 | 0.65 | -0.09 | 10.01 | 1.08 | 0.92 | 3.02 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 3 | 75 | 161 | 362 | 358 | 482 | 525 |
| Expenses | 10 | 114 | 233 | 307 | 313 | 316 | 343 |
| Operating Profit | -8 | -39 | -72 | 55 | 44 | 166 | 183 |
| OPM % | -300% | -52% | -44% | 15% | 12% | 34% | 35% |
| Other Income | 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% | |
| Net Profit | -8 | -58 | -79 | -77 | -252 | 130 | 158 |
| EPS in Rs | -11.83 | -14.20 | -12.86 | -11.66 | -33.25 | 10.97 | 15.03 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 185% | 44% | 32% | ||
| Compounded Profit Growth | % | 37% | 30% | 129% | ||
| Stock Price CAGR | % | % | 4% | 4% | ||
| Return on Equity | % | -32% | -24% | 4% |
| 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 |
| Borrowings | 7 | 203 | 306 | 583 | 660 | 382 |
| Other Liabilities | 5 | 100 | 275 | 667 | 947 | 476 |
| Total Liabilities | 12 | 380 | 887 | 1,626 | 1,863 | 1,817 |
| Fixed Assets | 4 | 255 | 734 | 1,432 | 1,612 | 1,268 |
| CWIP | 2 | 0 | 3 | 10 | 0 | 0 |
| Investments | 0 | 0 | 0 | 5 | 5 | 394 |
| Other Assets | 6 | 125 | 150 | 180 | 246 | 155 |
| Total Assets | 12 | 380 | 887 | 1,626 | 1,863 | 1,817 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | -5 | -39 | 15 | 27 | 32 | 106 |
| Cash from Investing Activity | -6 | -225 | -342 | -231 | -49 | -103 |
| Cash from Financing Activity | 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/OP | 65% | 88% | -28% | 49% | 92% | 71% |
| 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% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 53.46% | 53.63% | 53.63% | 54.88% | 54.79% | 54.78% | 53.43% | 52.57% | 33.96% | 33.96% | 33.80% | 33.75% |
| FIIs | 2.99% | 2.18% | 2.20% | 1.84% | 1.09% | 1.12% | 0.87% | 1.36% | 2.92% | 2.65% | 2.37% | 2.83% |
| DIIs | 0.01% | 0.18% | 0.29% | 0.28% | 0.35% | 0.36% | 0.14% | 0.12% | 1.49% | 1.13% | 0.56% | 0.56% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 43.53% | 44.01% | 43.88% | 43.00% | 43.77% | 43.73% | 45.57% | 45.94% | 61.64% | 62.26% | 63.26% | 62.86% |
| No. of Shareholders | 12,691 | 11,207 | 12,193 | 13,131 | 10,850 | 11,587 | 11,230 | 11,383 | 12,446 | 13,394 | 13,218 | 12,470 |
Fundamentals
Market Cap₹ 2,159 Cr.
Current Price₹ 223
Stock P/E33.5
Book Value₹ 99.6
ROCE12.8 %
ROE3.84 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)32%
Compounded Profit Growth (TTM)129%
Consolidated figures.
Valuation
Market capRs 2,067 Cr
Enterprise valueRs 2,194 Cr
P/E (TTM)14.33x
Price to book26.85x
Price to sales3.93x
EV / EBITDA7.48x
EV / EBIT9.35x
EV / sales4.18x
Earnings yield6.98%
Profitability
Operating margin (excl. other income)-52.45%
Operating margin (incl. other income)-51.71%
EBITDA margin55.84%
Pre-tax margin33.60%
Net profit margin27.44%
Net margin, latest quarter19.47%
ROE-152.08%
ROCE-36.66%
ROA-29.88%
ROIC (approx.)110.02%
Tax rate4.43%
Other income / net worth0.71%
Growth
Sales growth (latest year)2854.72%
Sales growth QoQ12.95%
Profit growth QoQ229.04%
Sales growth YoY (latest quarter)41.52%
Per share
EPS (TTM)Rs 14.92
EPS (latest year)Rs -14.20
EPS (latest quarter)Rs 3.01
Book value per shareRs 7.96
Sales per shareRs 54.35
Cash flow per shareRs -4.06
Free cash flow per shareRs 9.52
Efficiency
Asset turnover0.20x
Fixed asset turnover0.29x
Inventory turnover14.69x
Inventory days25 days
Debtor days17 days
Debtors turnover21.75x
Creditor days4731 days
Cash conversion cycle25 days
Working capital days-71 days
Leverage
Total debtRs 203 Cr
Cash and bankRs 76 Cr
Net debtRs 127 Cr
Debt to equity2.64x
Net debt / EBITDA0.43x
Interest coverage4.03x
Current ratio (filing 2026-03-31)0.69x
Quick ratio (filing 2026-03-31)0.67x
Trade payables (filing 2026-03-31)Rs 39 Cr
Owners' fund to total sources20.26%
Debt to assets53.49%
Cash flow
Cash from Operating Activity (latest year)Rs -39 Cr
Cash from Investing Activity (latest year)Rs -225 Cr
Cash from Financing Activity (latest year)Rs 313 Cr
Net Cash Flow (latest year)Rs 48 Cr
Free cash flow (latest year)Rs 92 Cr
FCFE (approx.: FCF + change in debt)Rs 288 Cr
Statement figures
Net sales (TTM)Rs 525 Cr
Net sales (latest year)Rs 75 Cr
Sales (latest quarter)Rs 150 Cr
Operating profit excl. other income (latest year)Rs -39 Cr
Operating profit (latest quarter)Rs 52 Cr
Other income (TTM)Rs 111 Cr
EBITDA (TTM)Rs 293 Cr
PBDT (TTM)Rs 235 Cr
Profit before tax (TTM)Rs 177 Cr
Tax (latest year)Rs -3 Cr
Net profit (TTM)Rs 144 Cr
Net profit (latest year)Rs -58 Cr
Net profit (latest quarter)Rs 29 Cr
Depreciation (TTM)Rs 59 Cr
Depreciation (latest quarter)Rs 14 Cr
Interest (TTM)Rs 58 Cr
Cost of goods sold (latest year)Rs 9 Cr
Total expenditure (latest year)Rs 114 Cr
Total income (latest year)Rs 76 Cr
Share capitalRs 41 Cr
ReservesRs 36 Cr
Shareholders' fundsRs 77 Cr
Total assetsRs 380 Cr
Net blockRs 255 Cr
ReceivablesRs 3 Cr
InventoryRs 1 Cr
Other liabilitiesRs 100 Cr
Shares outstanding (crore)9.67
Ownership
Promoter holding33.75% (-18.82 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | VERANDA | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -8.0% | -2.8% | -5.2 pts |
| 1 month | -12.0% | -6.8% | -5.2 pts |
| 3 months | -13.4% | -7.6% | -5.8 pts |
| 6 months | +59.7% | +0.4% | +59.3 pts |
| 1 year | +0.1% | -9.9% | +10.0 pts |
| 2 years | -32.8% | -13.6% | -19.3 pts |
| 3 years | +6.3% | +14.2% | -7.8 pts |
Red flags
F-score 4 of 8| explain | Debt up, profit down Borrowings up 2833% while net profit fell in 2026 |
| look | Share dilution Share count up 489% in a year |
| look | Repeated losses Net loss in each of the last two years |
| look | Auditor change Auditor change 2026-05-30: Veranda Learning Solutions Limited has informed the Exchange regarding Change in Auditors of the company. |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹150 Cr +41.5% vs Jun 2025.
Net profit ₹34 Cr +466.7%.
Activity
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| Jetking Infotrain Ltd | 78 | -3.73 % | |
| Sodhani Academy of Fintech Enablers Ltd | 74 | 77.1 | 12.8 % |
| Addictive Learning Technology Ltd | 69 | 0.90 % | |
| G-Tec Janix Education Ltd | 30 | -36.3 % | |
| Usha Martin Education & Solutions Ltd | 11 | 27.5 | 18.0 % |
| Docmode Health Technologies Ltd | 8 | 6.12 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-10-06 | Demerger |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Veranda Learning Solutions Ltd?
Veranda Learning Solutions Ltd (VERANDA) has a market capitalisation of Rs 2,159 Cr. at the 2026-10-01 close.
What is the P/E ratio of Veranda Learning Solutions Ltd?
Veranda Learning Solutions Ltd trades at a P/E of 33.5 on trailing twelve-month profit, at the 2026-10-01 close.
What were Veranda Learning Solutions Ltd's latest quarterly results?
In the Jun 2026 quarter, Veranda Learning Solutions Ltd sales was Rs 150 Cr (+41.5% vs Jun 2025) and net profit was Rs 34 Cr.
What is the 52-week high and low of Veranda Learning Solutions Ltd?
The 52-week high is Rs 272.50 and the 52-week low is Rs 130.02.