Veranda Learning Solutions Ltd
NSE: VERANDA BSE: 543514
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]
₹234
52W: ₹129 — ₹272
PE 137 · Book ₹127 · +84% vs bookMarket Cap₹2,254 Cr
Stock P/E137Price to Earnings
ROCE3.01%Return on Capital
ROE0.56%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Debtor days have improved from 134 to 91.3 days.
Weaknesses
- −Company has low interest coverage ratio.
- −Promoter holding is low: 33.8%
- −Company has a low return on equity of 1.76% over last 3 years.
- −Promoters have pledged 30.4% of their holding.
- −Earnings include an other income of Rs.68.5 Cr.
- −Promoter holding has decreased over last 3 years: -26.2%
Shareholding Pattern
Promoters33.8%
FIIs2.37%
DIIs0.56%
Public63.26%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 54.88% | 54.79%▼0.1 | 54.78%▼0.0 | 53.43%▼1.4 | 52.57%▼0.9 | 33.96%▼18.6 | 33.96% | 33.8%▼0.2 |
| FIIs | 1.84% | 1.09%▼0.8 | 1.12%▲0.0 | 0.87%▼0.3 | 1.36%▲0.5 | 2.92%▲1.6 | 2.65%▼0.3 | 2.37%▼0.3 |
| DIIs | 0.28% | 0.35%▲0.1 | 0.36%▲0.0 | 0.14%▼0.2 | 0.12%▼0.0 | 1.49%▲1.4 | 1.13%▼0.4 | 0.56%▼0.6 |
| Public | 43% | 43.77%▲0.8 | 43.73%▼0.0 | 45.57%▲1.8 | 45.94%▲0.4 | 61.64%▲15.7 | 62.26%▲0.6 | 63.26%▲1.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8.03 | 13.83 | 12.72 | 9.54 | 11.28 | 10.67 | 9.59 | 12.27 | 9.1 | 3.58 |
| Expenses | 4.53 | 5.34 | 6.42 | 5.87 | 6.22 | 16.1 | 32.54 | 9.6 | 3.67 | 5.34 |
| Operating Profit | 3.5 | 8.49 | 6.3 | 3.67 | 5.06 | -5.43 | -22.95 | 2.67 | 5.43 | -1.76 |
| OPM % | 43.59% | 61.39% | 49.53% | 38.47% | 44.86% | -50.89% | -239.31% | 21.76% | 59.67% | -49.16% |
| Net Profit | 5.13 | 8.31 | 10.19 | 1.78 | 0.64 | -13.81 | 7.55 | 0.04 | 1.2 | 1.09 |
| EPS ₹ | 0.74 | 1.2 | 1.47 | 0.25 | 0.09 | -1.93 | 1.01 | 0.01 | 0.13 | 0.11 |
AI Insights
Revenue Trend
TTM revenue at ₹34.54Cr, down 15.9% YoY. OPM at -48.09%.
Debt Position
Borrowings at ₹256.08Cr. Debt-to-equity ratio: 0.23x. Healthy balance sheet.
Institutional Flow
DIIs: 0.56% (+0.26pp change). FIIs: 2.37% (-0.26pp change). Promoters hold 33.8%.
Margin & Efficiency
ROCE improving from 0% (Mar 2019) to 3.01% (Mar 2025). Working capital days: -1743.35.
Valuation
PE 137x with 3.01% ROCE. Price is 84% above book value of ₹127. Dividend yield: 0%.
Recent Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 15 May
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 14 May - Monitoring agency report for Q4 FY2026 shows preferential issue proceeds fully utilized for equity, with no deviations.
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 27 Apr - Veranda Learning shareholders approved demerger of the commerce vertical; scheme now awaits NCLT and other approvals.
- Summary Of The Proceedings Of The NCLT Convened Meeting Of Equity Shareholders Held On April 24, 2026 24 Apr - Equity shareholders approved composite scheme of arrangement on April 24, 2026.
- Shareholder Meeting / Postal Ballot - Scrutinizer''s Report 24 Apr - Equity shareholders approved composite scheme with Veranda XL and J.K. Shah on April 24, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse