Veranda Learning Solutions Ltd
Veranda Learning Solutions Limited (“Veranda”) was incorporated on November 20, 2018, and is engaged in the business of offering diversified and integrated learning solutions in online, offline hybrid, and offline blended formats to learners enrolled with their courses through a multitude of career-defining competitive exams, professional courses, exam-oriented courses, short-term up-skilling, and re-skilling courses.[1]
- Market Cap ₹ 1,848 Cr.
- Current Price ₹ 265
- High / Low ₹ 337 / 135
- Stock P/E 79.2
- Book Value ₹ 89.0
- Dividend Yield 0.00 %
- ROCE 5.48 %
- ROE 4.46 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 198% CAGR over last 5 years
- Debtor days have improved from 183 to 131 days.
- Promoter holding has increased by 1.24% over last quarter.
Cons
- Stock is trading at 2.98 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of -1.67% over last 3 years.
- Promoters have pledged 98.4% of their holding.
- Earnings include an other income of Rs.18.7 Cr.
* 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
Sector: Education Industry: Miscellaneous
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 0 | 0 | 3 | 12 | 17 | 39 | |
| 0 | 0 | 4 | 18 | 44 | 22 | |
| Operating Profit | -0 | -0 | -1 | -6 | -27 | 18 |
| OPM % | -39% | -45% | -158% | 44% | ||
| 0 | 0 | 0 | 1 | 38 | 19 | |
| Interest | 0 | 0 | 0 | 8 | 3 | 13 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 3 |
| Profit before tax | -0 | -0 | -1 | -13 | 7 | 20 |
| Tax % | 0% | 0% | 1% | 0% | 1% | -14% |
| -0 | -0 | -1 | -13 | 7 | 23 | |
| EPS in Rs | -1,000.00 | -2,000.00 | -1.79 | -3.07 | 1.13 | 3.37 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 137% |
| TTM: | 130% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 198% |
| 3 Years: | 174% |
| TTM: | 193% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 41% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -2% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0 | 0 | 7 | 41 | 62 | 69 |
| Reserves | -0 | -0 | -0 | 81 | 368 | 546 |
| 0 | 0 | 6 | 200 | 64 | 123 | |
| 0 | 0 | 1 | 30 | 30 | 132 | |
| Total Liabilities | 0 | 0 | 14 | 352 | 524 | 871 |
| 0 | 0 | 1 | 1 | 1 | 69 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 4 | 210 | 404 | 659 |
| 0 | 0 | 10 | 141 | 119 | 143 | |
| Total Assets | 0 | 0 | 14 | 352 | 524 | 871 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -0 | -0 | -4 | -14 | -42 | 30 | |
| 0 | 0 | -9 | -256 | -226 | -19 | |
| 0 | 0 | 13 | 317 | 222 | -10 | |
| Net Cash Flow | 0 | 0 | 0 | 47 | -46 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 290 | 238 | 180 | 131 | ||
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 290 | 238 | 180 | 131 | ||
| Working Capital Days | 1,011 | 1,411 | 2,406 | 944 | ||
| ROCE % | -20% | -3% | -5% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015 28 Jun
- Closure of Trading Window 26 Jun
- Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015 18 Jun
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
18 Jun - Press release -Signing of MOU between Veranda XL and Sri Krishna Arts and Science College in Coimbatore.
- Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015 14 Jun
History
Incorporated on FY18, Veranda is a multi-product education company that delivers its courses online, offline and hybrid format. Company started its business operations in Dec’20 by acquiring content of Chennai RACE.[1]