Veranda Learning Solutions Ltd
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]
- Market Cap ₹ 1,867 Cr.
- Current Price ₹ 262
- High / Low ₹ 366 / 135
- Stock P/E 89.2
- Book Value ₹ 93.7
- Dividend Yield 0.00 %
- ROCE 5.41 %
- ROE 4.40 %
- 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.
Cons
- Stock is trading at 2.80 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Tax rate seems low
- Company has a low return on equity of 2.01% over last 3 years.
- Promoters have pledged 36.2% of their holding.
- Earnings include an other income of Rs.26.3 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 | TTM | |
|---|---|---|---|---|---|---|---|
| -0 | -0 | 3 | 12 | 17 | 39 | 47 | |
| 0 | 0 | 4 | 18 | 44 | 22 | 24 | |
| Operating Profit | -0 | -0 | -1 | -6 | -27 | 18 | 24 |
| OPM % | -39% | -45% | -158% | 44% | 50% | ||
| -0 | -0 | 0 | 1 | 38 | 19 | 26 | |
| Interest | -0 | -0 | -0 | 8 | 3 | 13 | 23 |
| Depreciation | -0 | -0 | 0 | 0 | 1 | 3 | 6 |
| Profit before tax | -0 | -0 | -1 | -13 | 7 | 20 | 21 |
| Tax % | -0% | -0% | -1% | -0% | 1% | -14% | |
| -0 | -0 | -1 | -13 | 7 | 23 | 21 | |
| EPS in Rs | -1,000.00 | -2,000.00 | -1.79 | -3.07 | 1.13 | 3.37 | 3.01 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 137% |
| TTM: | 102% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 198% |
| 3 Years: | 174% |
| TTM: | 34% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -2% |
| 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 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | -0.00 | -0.00 | 7 | 41 | 62 | 69 | 71 |
| Reserves | -0 | -0 | -0 | 81 | 383 | 546 | 597 |
| 0 | 0 | 6 | 200 | 64 | 123 | 125 | |
| 0 | 0 | 1 | 30 | 15 | 132 | 133 | |
| Total Liabilities | 0 | -0 | 14 | 352 | 524 | 871 | 927 |
| -0 | -0 | 1 | 1 | 1 | 65 | 69 | |
| CWIP | -0 | -0 | -0 | -0 | -0 | 4 | -0 |
| Investments | -0 | -0 | 4 | 210 | 404 | 659 | 662 |
| 0 | -0 | 10 | 141 | 119 | 143 | 196 | |
| Total Assets | 0 | -0 | 14 | 352 | 524 | 871 | 927 |
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% | 2% | 5% |
Documents
Announcements
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Board Meeting Intimation for Considering And Approving The Un-Audited Financial Results (Standalone & Consolidated) For The Quarter And Nine Months Ended December 31, 2024.
2d - Board meeting to approve Q3 financial results.
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Disclosure Under Regulation 30(3) Of SEBI (LODR) Reg,2015
31 Jan - Amendment of debenture trust deed with Axis Trustee.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
29 Jan - Veranda partners with Nursing Europe to empower Indian nurses.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
17 Jan - Video recording of investor meet available online.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Link For Investor Meet
15 Jan - Link for investor meet on January 16, 2025.
Annual reports
Concalls
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Jan 2025TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Dec 2023TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
Business Overview:[1]
a) VLSL is part of the Kalpathi AGS Group.
b) It provides education technology solutions, including training programs for competitive exams like State Public Service Commission, Banking, Insurance, Railways, IAS, CA, and professional upskilling.
c) The platform integrates technology, processes, and methodologies to deliver personalized learning experiences nationwide.
d) It offers diversified learning solutions in online, offline hybrid, and offline blended formats for students, aspirants, professionals, and corporate employees.