Zee Learn Ltd
NSE: ZEELEARN BSE: 533287Infra
Incorporated in 2010, Zee Learn Ltd delivers learning solutions and training through its multiple products and services school infrastructure on long-term lease agreements. It also provides education support and coaching services for students[1]
₹5.81
52W: ₹4.17 — ₹11.2
PE 3.28 · Book ₹5.39 · +8% vs bookMarket Cap₹189 Cr
Stock P/E3.28Price to Earnings
ROCE28.4%Return on Capital
ROE40.1%Return on Equity
Div. Yield0%Face Value ₹1
Strengths
- +Stock is trading at 1.08 times its book value
- +Company has a good return on equity (ROE) track record: 3 Years ROE 32.2%
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Promoter holding is low: 15.0%
- −Contingent liabilities of Rs.157 Cr.
- −Promoters have pledged 29.2% of their holding.
Shareholding Pattern
Promoters15.01%
FIIs6.38%
DIIs0.22%
Public78.38%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 15.05% | 15.01%▼0.0 | 15.01% | 15.01% | 15.01% | 15.01% | 15.01% | 15.01% |
| FIIs | 5.99% | 5.98%▼0.0 | 6.38%▲0.4 | 6.41%▲0.0 | 6.45%▲0.0 | 6.57%▲0.1 | 6.39%▼0.2 | 6.38%▼0.0 |
| DIIs | 0.01% | 0.03%▲0.0 | 0.03% | 0%▼0.0 | 0% | 0% | 0.17%▲0.2 | 0.22%▲0.0 |
| Public | 78.94% | 78.98%▲0.0 | 78.58%▼0.4 | 78.58% | 78.54%▼0.0 | 78.42%▼0.1 | 78.44%▲0.0 | 78.38%▼0.1 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 33.76 | 39.95 | 103.63 | 63.45 | 37.84 | 44.35 | 128.2 | 73.71 | 39.27 | 45.67 |
| Expenses | 31.95 | 26.44 | 52.41 | 42.77 | 35.09 | 39.07 | 66.84 | 49.7 | 32.99 | 42.38 |
| Operating Profit | 1.81 | 13.51 | 51.22 | 20.68 | 2.75 | 5.28 | 61.36 | 24.01 | 6.28 | 3.29 |
| OPM % | 5.36% | 33.82% | 49.43% | 32.59% | 7.27% | 11.91% | 47.86% | 32.57% | 15.99% | 7.2% |
| Net Profit | -1.51 | 6.23 | 34.14 | 11.25 | 0.8 | 2.16 | 39.97 | 13.06 | 0.47 | 4.2 |
| EPS ₹ | -0.05 | 0.19 | 1.05 | 0.34 | 0.02 | 0.07 | 1.22 | 0.4 | 0.01 | 0.13 |
AI Insights
Revenue Trend
TTM revenue at ₹287Cr, up 4.7% YoY. OPM at 33%.
Debt Position
Borrowings at ₹225Cr. Debt-to-equity ratio: 1.57x. High leverage — monitor closely.
Institutional Flow
DIIs: 0.22% (+0.21pp change). FIIs: 6.38% (-5.03pp change). Promoters hold 15.01%.
Margin & Efficiency
ROCE improving from 2% (Mar 2014) to 28% (Mar 2025). Working capital days: -100.
Valuation
PE 3.28x with 28.4% ROCE. Price is 8% above book value of ₹5.39. Dividend yield: 0%.
Recent Announcements
- Board Meeting Intimation for Intimation Of Board Meeting Pursuant To Regulation 29 Of The SEBI (LODR) Regulations, 2015. 2d - Board to meet on May 22, 2026 to approve audited FY26 standalone and consolidated results.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Apr - Confirmation Certificate pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.
- Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('SEBI LODR Regulations') 10 Apr - NCLT dismissed Axis Bank's Section 7 IBC petition against Zee Learn as withdrawn.
- Announcement under Regulation 30 (LODR)-Change in Management 2 Apr - Ms. Nanette D’sa appointed Additional Director, Non-Executive Non-Independent, effective April 2, 2026.
- Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015. 31 Mar - Board recommended Ford Rhodes Parks & Co LLP as DVPL statutory auditors, March 31, 2026, subject to members' approval.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse