MarketFriction

Zee Learn Ltd

NSE ZEELEARN · BSE 533287 · Education
₹6.30 -3.08%
NSE close2026-10-01
52 week range4.17 - 10.10
Market cap₹205 Cr.
P/E7.60
Price band 20% Delivery 79.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales66.4467.73116.4780.3358.1974.74158.6879.1474.2579.67159.1993.32
Expenses63.0245.4464.9856.5751.6766.2094.1749.1562.0870.93106.3260.74
Operating Profit3.4222.2951.4923.766.528.5464.5129.9912.178.7452.8732.58
OPM %5.15%32.91%44.21%29.58%11.20%11.43%40.65%37.89%16.39%10.97%33.21%34.91%
Other Income-5.28-4.52145.013.776.346.91-12.390.335.333.8536.191.73
Interest8.9510.9910.0110.868.279.5510.0112.5312.731.3911.468.05
Depreciation6.606.454.208.448.489.0010.4811.0010.5710.4811.8611.57
Profit before tax-17.410.33182.298.23-3.89-3.1031.636.79-5.800.7265.7414.69
Tax %5.17%687.88%7.08%55.77%3.86%21.29%46.66%72.16%5.86%468.06%30.92%42.68%
Net Profit-18.31-1.94169.383.64-4.03-3.7616.871.90-6.14-2.6545.428.42
EPS in Rs-0.500.035.190.11-0.12-0.110.520.06-0.19-0.081.390.26
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales152180269517515257248324356372334406
Expenses108121166359346214197293260268230300
Operating Profit435910315816943513197103104106
OPM %29%33%38%31%33%17%20%10%27%28%31%26%
Other Income24332105631-40814644547
Interest202119475951444442393834
Depreciation101011286450373224364444
Profit before tax15327611556-21-452176336775
Tax %0%-3%35%27%55%947%1,665%2%12%61%43%
Net Profit1534498325-21-13-462156133945
EPS in Rs0.471.041.512.331.34-0.27-0.08-13.604.990.391.181.38
Dividend Payout %0%10%7%4%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%5%1%10%
Compounded Profit Growth5%35%36%34%
Stock Price CAGR-16%-15%6%-32%
Return on Equity8%4%19%11%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital323232333333333333333333
Reserves202218260321399438432430-13150163202
Borrowings372387253257432458444437463360399379
Other Liabilities7768201326616594563547540542915979
Total Liabilities6837057469371,4791,5231,4711,4471,0221,0841,5091,593
Fixed Assets941145215361,0011,0701,025987649628615593
CWIP44447893845659535353000
Investments410614211000066
Other Assets140104126303419382394407320456888994
Total Assets6837057469371,4791,5231,4711,4471,0221,0841,5091,593
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3347189249211221262426083108
Cash from Investing Activity-83-40-9-227-491514-6-12-6-13-6
Cash from Financing Activity43-5-173-1527-150-29-37-30-61-63-71
Net Cash Flow-7267-1-13-2200-7731
Free Cash Flow-425173235-44113126238587295
CFO/OP120%115%330%269%32%88%43%143%168%88%105%129%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days467210120374713015230394052
Inventory Days3201111558512123226186168136
Days Payable15593141734407572,2591,287451111
Cash Conversion Cycle2118911533-282-478-1,868-1,049-253394077
Working Capital Days-295-92-69-81-80-152-268-361-343-154-107-58
ROCE %4%6%9%16%20%14%4%4%2%16%15%13%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters15.05%15.05%15.05%15.05%15.01%15.01%15.01%15.01%15.01%15.01%15.01%14.98%
FIIs10.59%5.99%5.99%5.99%5.98%6.38%6.41%6.45%6.57%6.39%6.38%6.51%
DIIs0.01%0.01%0.01%0.01%0.03%0.03%0.00%0.00%0.00%0.17%0.22%0.30%
Public74.34%78.94%78.95%78.94%78.98%78.58%78.58%78.54%78.42%78.44%78.38%78.20%
No. of Shareholders1,51,8471,48,6261,43,4401,41,4941,49,0411,63,2281,68,8491,66,7211,61,3181,58,3481,56,0211,54,521

Fundamentals

Market Cap₹ 205 Cr.
Current Price₹ 6.25
Stock P/E7.60
Book Value₹ 7.19
ROCE12.6 %
ROE11.0 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)10%
Compounded Profit Growth (TTM)34%
Consolidated figures.
Valuation
Market capRs 206 Cr
Enterprise valueRs 525 Cr
P/E (TTM)4.58x
Price to book0.88x
Price to sales0.51x
EV / EBITDA3.42x
EV / EBIT4.82x
EV / sales1.29x
Price to cash flow1.92x
Earnings yield21.82%
P/E, 3-year average7.70x
P/B, 3-year average1.01x
P/E, 5-year average7.70x
P/B, 5-year average2.10x
Profitability
Operating margin (excl. other income)31.11%
Operating margin (incl. other income)44.66%
EBITDA margin37.76%
Pre-tax margin18.54%
Net profit margin11.08%
Net margin, latest quarter9.02%
ROE17.87%
ROCE17.43%
ROA2.48%
ROE, 3-year average61.93%
ROCE, 3-year average24.21%
ROA, 3-year average6.31%
ROE, 5-year average0.23%
ROCE, 5-year average3.70%
ROA, 5-year average-3.44%
ROIC (approx.)11.28%
Tax rate42.71%
Other income / net worth19.26%
Growth
Sales growth (latest year)-10.16%
Profit growth (latest year)202.91%
Sales CAGR, 3 years1.02%
Sales CAGR, 5 years5.38%
Sales growth QoQ-41.38%
Profit growth QoQ-81.46%
Sales growth YoY (latest quarter)17.92%
Profit growth YoY (latest quarter)343.16%
Per share
EPS (TTM)Rs 1.37
EPS (latest quarter)Rs 0.26
EPS, 3-year averageRs 2.69
EPS, 5-year averageRs -2.08
Book value per shareRs 7.17
Sales per shareRs 12.40
Cash flow per shareRs 3.29
Free cash flow per shareRs 2.90
Efficiency
Asset turnover0.21x
Fixed asset turnover0.56x
Inventory turnover2.68x
Inventory days136 days
Debtor days52 days
Debtors turnover7.07x
Creditor days111 days
Cash conversion cycle77 days
Working capital days-58 days
Leverage
Total debtRs 379 Cr
Cash and bankRs 60 Cr
Net debtRs 319 Cr
Debt to equity1.61x
Net debt / EBITDA2.08x
Interest coverage3.24x
Owners' fund to total sources14.76%
Debt to assets23.79%
Cash flow
Cash from Operating Activity (latest year)Rs 108 Cr
Cash from Investing Activity (latest year)Rs -6 Cr
Cash from Financing Activity (latest year)Rs -71 Cr
Net Cash Flow (latest year)Rs 31 Cr
Free cash flow (latest year)Rs 95 Cr
FCFE (approx.: FCF + change in debt)Rs 75 Cr
Sales to cash flow3.10x
Statement figures
Net sales (TTM)Rs 406 Cr
Net sales (latest year)Rs 334 Cr
Sales (latest quarter)Rs 93 Cr
Operating profit excl. other income (latest year)Rs 104 Cr
Operating profit (latest quarter)Rs 33 Cr
Other income (TTM)Rs 47 Cr
EBITDA (TTM)Rs 153 Cr
PBDT (TTM)Rs 120 Cr
Profit before tax (TTM)Rs 75 Cr
Tax (latest year)Rs 29 Cr
Net profit (TTM)Rs 45 Cr
Net profit (latest year)Rs 39 Cr
Net profit (latest quarter)Rs 8 Cr
Depreciation (TTM)Rs 44 Cr
Depreciation (latest quarter)Rs 12 Cr
Interest (TTM)Rs 34 Cr
Cost of goods sold (latest year)Rs 72 Cr
Total expenditure (latest year)Rs 230 Cr
Total income (latest year)Rs 379 Cr
Share capitalRs 33 Cr
ReservesRs 202 Cr
Shareholders' fundsRs 235 Cr
Total assetsRs 1,593 Cr
Net blockRs 593 Cr
InvestmentsRs 6 Cr
ReceivablesRs 47 Cr
InventoryRs 27 Cr
Other liabilitiesRs 979 Cr
Shares outstanding (crore)32.77
Ownership
Promoter holding14.98% (-0.03 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 4.6 is at the 14th percentile of its own 6.4-year range (median 10.4, low 1.1, high 44.1).
P/B 0.88 is at the 23th percentile (median 1.38).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodZEELEARNNifty 50Difference
1 week-6.9%-2.8% -4.2 pts
1 month-15.1%-6.8% -8.3 pts
3 months-28.6%-7.6% -21.0 pts
6 months+48.2%+0.4% +47.8 pts
1 year-32.0%-9.9% -22.1 pts
2 years-29.8%-13.6% -16.3 pts
3 years+18.9%+14.2% +4.7 pts
5 years-55.8%+27.9% -83.7 pts

Red flags

F-score 7 of 8
explainReceivables outrunning sales Receivables grew 17% vs sales -10% in 2026
lookProfit leans on other income Other income was 67% of pre-tax profit in 2026
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 2026
Sales ₹93 Cr +17.9% vs Jun 2025. Net profit ₹8 Cr +343.2%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-17Annual General Meeting
2023-09-18Annual General Meeting
2022-09-19Annual General Meeting
2021-09-21 Annual General Meeting
2020-12-22 Annual General Meeting
2019-09-17 Annual General Meeting/Dividend - Rs 0.10 Per Share
2018-09-12 Annual General Meeting/Dividend Re 0.1 Per Share
2017-09-19 Annual General Meeting/ Dividend- Re 0.05 Per Share
2016-11-03 Interim Dividend -Re 0.05 Per Share
2016-09-09 Annual General Meeting (Book Closure Dates Revised)
2015-08-20Annual General Meeting
2014-07-31Annual General Meeting
2013-07-25Annual General Meeting
2012-07-30Annual General Meeting
2011-06-20Annual General Meeting
DateTypeWhat it says
2026-09-28General UpdatesGeneral Updates
2026-09-27General UpdatesGeneral Updates
2026-09-26Shareholder meetingVoting results.
2026-09-25Shareholder meetingProceedings of Annual General Meeting held on September 25, 2026
2026-09-16General UpdatesGeneral Updates
2026-09-02Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-08-31Shareholder meetingVoting results.
2026-08-18UpdatesIntimation for book closure for the 16th Annual General Meeting pursuant to Regulation 42 of SEBI (Listing Obligation and Disclosure Requirements Regu...
2026-08-18Record DateRecord date for the purpose of Meeting is 18-Sep-2026.
2026-07-30Shareholder meetingNotice of Postal Ballot
2026-07-29UpdatesOutcome of Board Meeting held on July 29, 2026.
2026-07-29Board meeting outcomeZee Learn Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-22Structural Digital DatabasePursuant to Regulation 3(5) and 3(6) of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, please find enclose...
2026-06-30Shareholder meetingVoting results.
2026-06-25Reply to Clarification- FinaThe Exchange had sought clarification from Zee Learn Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obli...
2026-06-17UpdatesIntimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-06-12Disclosure under SEBI TakeovAsian Satellite Broadcast Private Limited,Asian Satellite Broadcast Private Limited,Jayneer Infrapower & Multiventures Private Limited,Jayneer Enterpr...
2026-05-29General UpdatesGeneral Updates
2026-05-29General UpdatesGeneral Updates
2026-05-29General UpdatesIntimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for allotment of Equity Shares of the Compa...
2026-05-22Board meeting outcomeZee Learn Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-22Structural Digital DatabasePursuant to Regulation 3(5) and 3(6) of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, please find enclose...
2026-04-10UpdatesRegulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR Regulations ) .
2026-04-02Change in ManagementChange in ManagementIntimation for appointment of Additional Director in category of Non-Executive Non-Independent Director pursuant to Regulation 30 ...
2026-03-31General UpdatesGeneral Updates
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.
High low price variation greater than 100perc in previous 6 months

Quick answers

What is the market cap of Zee Learn Ltd?

Zee Learn Ltd (ZEELEARN) has a market capitalisation of Rs 205 Cr. at the 2026-10-01 close.

What is the P/E ratio of Zee Learn Ltd?

Zee Learn Ltd trades at a P/E of 7.60 on trailing twelve-month profit, at the 2026-10-01 close.

What were Zee Learn Ltd's latest quarterly results?

In the Jun 2026 quarter, Zee Learn Ltd sales was Rs 93 Cr (+17.9% vs Jun 2025) and net profit was Rs 8 Cr.

What is the 52-week high and low of Zee Learn Ltd?

The 52-week high is Rs 10.10 and the 52-week low is Rs 4.17.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03