NIIT Learning Systems Ltd
NIIT Learning Systems Limited offers Managed Training Services to companies across 30 countries. The NLSL has comprehensive suite of Managed Training Services includes Custom Content and Curriculum Design, Learning Delivery, Learning Administration, Strategic Sourcing, Learning Technology, and L&D consulting services. The company also offers specialized solutions including immersive learning, customer education, talent pipeline as a service, DE&I training, digital and IT training
as well as leadership and professional
development services.[1]
- Market Cap ₹ 2,208 Cr.
- Current Price ₹ 160
- High / Low ₹ 444 / 155
- Stock P/E 26.2
- Book Value ₹ 60.0
- Dividend Yield 2.03 %
- ROCE 18.3 %
- ROE 15.4 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 47.8%
Cons
- Promoter holding is low: 34.2%
- Earnings include an other income of Rs.69.1 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
Consumer Discretionary Consumer Services Other Consumer Services Education
Part of BSE Consumer Discretionary BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 141 | 106 | 35 | 25 | 13 | 329 | 404 | 400 | 483 | 532 | 549 | |
| 142 | 98 | 39 | 36 | 24 | 290 | 348 | 349 | 407 | 469 | 467 | |
| Operating Profit | -1 | 8 | -4 | -11 | -11 | 38 | 56 | 51 | 76 | 63 | 81 |
| OPM % | -0.8% | 8% | -11% | -46% | -83% | 12% | 14% | 13% | 16% | 12% | 15% |
| 4 | 1 | 4 | -7 | -3 | 39 | 52 | 95 | 112 | 108 | 69 | |
| Interest | 1 | 3 | 3 | 3 | 2 | 0 | 0 | 3 | 4 | 3 | 3 |
| Depreciation | 50 | 8 | 3 | 4 | 1 | 11 | 9 | 19 | 30 | 44 | 46 |
| Profit before tax | -48 | -2 | -6 | -25 | -16 | 66 | 98 | 124 | 155 | 125 | 102 |
| Tax % | -6% | 0% | 0% | 8% | 0% | 12% | -1% | 18% | 17% | 16% | |
| -45 | -2 | -6 | -27 | -16 | 58 | 99 | 102 | 129 | 105 | 77 | |
| EPS in Rs | 7.54 | 9.46 | 7.61 | 5.59 | |||||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 70% | 32% | 42% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 110% |
| 3 Years: | 10% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 51% |
| 5 Years: | 63% |
| 3 Years: | 3% |
| TTM: | -33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -26% |
| 1 Year: | -51% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 18% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 19 | 69 | 69 | 116 | 116 | 27 | 27 | 27 | 28 | 28 |
| Reserves | -40 | -59 | -71 | -97 | -113 | 261 | 465 | 555 | 674 | 772 | 802 |
| 95 | 121 | 25 | 30 | 0 | 1 | 0 | 29 | 26 | 21 | 18 | |
| 61 | 46 | 27 | 28 | 15 | 105 | 110 | 110 | 125 | 141 | 141 | |
| Total Liabilities | 118 | 126 | 50 | 30 | 18 | 482 | 602 | 722 | 852 | 961 | 988 |
| 21 | 14 | 6 | 2 | 0 | 14 | 35 | 80 | 109 | 92 | 122 | |
| CWIP | 0 | 0 | 2 | 1 | 0 | 2 | 12 | 24 | 10 | 26 | 0 |
| Investments | 0 | 0 | 1 | 0 | 5 | 193 | 377 | 420 | 472 | 571 | 578 |
| 97 | 113 | 40 | 27 | 13 | 272 | 179 | 198 | 261 | 272 | 288 | |
| Total Assets | 118 | 126 | 50 | 30 | 18 | 482 | 602 | 722 | 852 | 961 | 988 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1 | -2 | -10 | 51 | 64 | 85 | 84 | 104 | |||
| -2 | 0 | -5 | -52 | -63 | -44 | -57 | -70 | |||
| -3 | 2 | 14 | -1 | -0 | -32 | -37 | -34 | |||
| Net Cash Flow | -6 | -0 | -0 | -2 | 0 | 9 | -9 | 0 | ||
| Free Cash Flow | -3 | -3 | -10 | 42 | 25 | 43 | 40 | 61 | ||
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 120% | 19% | 111% | 139% | 129% | 193% | 144% | 203% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 97 | 255 | 268 | 217 | 166 | 79 | 95 | 78 | 83 | 84 |
| Inventory Days | 28 | 54 | 210 | 255 | 376 | |||||
| Days Payable | 784 | 853 | 991 | 1,211 | 2,374 | |||||
| Cash Conversion Cycle | -659 | -544 | -513 | -739 | -1,832 | 79 | 95 | 78 | 83 | 84 |
| Working Capital Days | 15 | 168 | 56 | -184 | -180 | 79 | 41 | 55 | 85 | 61 |
| ROCE % | 1% | -109% | -406% | 36% | 24% | 23% | 24% | 18% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Number of Annuity (MTS) Clients count |
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| Total Headcount count |
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| Revenue Visibility USD million |
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| Top 5 Customer Revenue Concentration % of revenue |
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| Technology & Telecom Revenue Mix % of revenue |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Copy of newspaper for publication of unaudited financial results for the quarter and half year ended September 30, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording link shared for investor/analyst call on Q2 FY27 unaudited results, dated October 29, 2026.
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
- Board recommends Price Waterhouse as statutory auditor for five years from 25th AGM in 2027 to 30th AGM in 2032.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)
- Q2 FY27 revenue rose 11.1% to Rs 528.6 crore; company signed large contract and acquired Bluewater Learning.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- NIIT Learning acquires Bluewater Learning for up to USD 17.6 million on October 29, 2026.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
Concalls
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Oct 2026PPT REC
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Sep 2026PPT
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Jul 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Nov 2025PPT
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Jan 2025Transcript PPT
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Oct 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
Services and uses:[1]
The company offers custom content/
curriculum, training delivery, learning administration, learning technology,
strategic sourcing of trainers /vendors
and L&D consulting.
Specialist solutions include AI-first L&D transformation, simulations and AI coaching, immersive/XR learning, customer education, HCM technology consulting, leadership /professional skills, digital /IT training
and Talent Pipeline as a Service.
The usage includes reskilling, sales
/productivity, compliance and product
adoption.