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 ₹ 1,498 Cr.
- Current Price ₹ 201
- High / Low ₹ 366 / 135
- Stock P/E
- Book Value ₹ 52.1
- Dividend Yield 0.00 %
- ROCE -0.33 %
- ROE -22.3 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 3.87 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.17%
- Company has a low return on equity of -43.0% over last 3 years.
- Promoters have pledged 36.2% of their holding.
- Debtor days have increased from 22.8 to 39.3 days.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|
| 3 | 75 | 161 | 362 | 459 | |
| 10 | 114 | 233 | 307 | 422 | |
| Operating Profit | -8 | -39 | -72 | 55 | 38 |
| OPM % | -300% | -52% | -44% | 15% | 8% |
| 0 | 1 | 38 | 8 | 10 | |
| Interest | 0 | 9 | 11 | 79 | 136 |
| Depreciation | 1 | 14 | 45 | 65 | 209 |
| Profit before tax | -8 | -61 | -89 | -81 | -297 |
| Tax % | -0% | -4% | -11% | -6% | |
| -8 | -58 | -79 | -76 | -297 | |
| EPS in Rs | -11.83 | -14.20 | -12.86 | -11.52 | -41.05 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 422% |
| TTM: | 49% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -277% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 0% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -43% |
| Last Year: | -22% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 7 | 41 | 62 | 69 | 71 |
| Reserves | -7 | 36 | 244 | 308 | 300 |
| 7 | 203 | 306 | 583 | 616 | |
| 5 | 100 | 275 | 662 | 748 | |
| Total Liabilities | 12 | 380 | 887 | 1,622 | 1,736 |
| 4 | 255 | 734 | 1,428 | 1,464 | |
| CWIP | 2 | 0 | 3 | 10 | 0 |
| Investments | 0 | 0 | 0 | 5 | 5 |
| 6 | 125 | 150 | 180 | 267 | |
| Total Assets | 12 | 380 | 887 | 1,622 | 1,736 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| -5 | -39 | 15 | 27 | |
| -6 | -225 | -342 | -231 | |
| 12 | 313 | 363 | 139 | |
| Net Cash Flow | 0 | 48 | 36 | -65 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 46 | 17 | 12 | 39 |
| Inventory Days | 1,011 | |||
| Days Payable | 4,731 | |||
| Cash Conversion Cycle | -3,674 | 17 | 12 | 39 |
| Working Capital Days | 3 | -36 | -75 | -108 |
| ROCE % | -37% | -25% | -0% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 4 Apr
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
4 Apr - Veranda RACE signs MoU for IIT Indore certified BFSI program.
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Closure of Trading Window
28 Mar - Closure of trading window until financial results are declared.
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Announcement under Regulation 30 (LODR)-Restructuring
28 Mar - Merger of Sreedhar CCE Learning Solutions and Veranda Race Learning Solutions.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
7 Mar - Veranda Learning signs MoU with IIT Madras for competitive exam courses.
Annual reports
Concalls
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Feb 2025TranscriptNotesPPT
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Jan 2025TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Dec 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.