Veranda Learning Solutions Ltd

Veranda Learning Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Veranda Learning Solutions Ltd

₹ 257 -3.06%
03 Jul 3:00 p.m.
verandalearning.com BSE: 543514 NSE: VERANDA
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 1,781 Cr.
  • Current Price ₹ 257
  • High / Low ₹ 337 / 135
  • Stock P/E
  • Book Value ₹ 54.5
  • Dividend Yield 0.00 %
  • ROCE -0.40 %
  • ROE -22.8 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Promoter holding has increased by 1.24% over last quarter.

Cons

  • Stock is trading at 4.85 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -44.2% over last 3 years.
  • Promoters have pledged 98.4% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
2 5 11 30 29 28 37 48 48 69 98 92 103
6 9 21 42 42 42 54 69 69 65 84 78 81
Operating Profit -4 -5 -11 -11 -13 -14 -17 -21 -21 4 15 14 21
OPM % -255% -94% -101% -37% -45% -49% -45% -44% -43% 6% 15% 15% 21%
-0 -0 0 0 0 0 2 36 0 2 2 4 1
Interest 0 0 1 4 3 2 1 2 5 8 10 20 40
Depreciation 1 1 2 6 6 6 6 15 18 19 6 18 23
Profit before tax -5 -5 -13 -21 -22 -21 -23 -3 -43 -22 0 -20 -39
Tax % 0% 0% 2% 7% 5% 6% 6% 125% 10% 11% 667% 18% 2%
-5 -5 -13 -19 -21 -20 -21 1 -39 -19 -2 -17 -39
EPS in Rs -7.21 -7.34 -3.49 -4.74 -5.09 -3.60 -3.79 0.19 -6.28 -3.14 -0.31 -2.49 -5.93
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 75 161 362
10 114 233 308
Operating Profit -8 -39 -72 54
OPM % -300% -52% -44% 15%
-0 1 38 8
Interest 0 9 11 78
Depreciation 1 14 45 65
Profit before tax -8 -61 -89 -81
Tax % 0% 4% 11% 6%
-8 -58 -79 -76
EPS in Rs -11.83 -14.20 -12.86 -11.52
Dividend Payout % -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 422%
TTM: 124%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 32%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 38%
Return on Equity
10 Years: %
5 Years: %
3 Years: -44%
Last Year: -23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 7 41 62 69
Reserves -7 36 229 308
7 203 306 583
5 100 290 673
Total Liabilities 12 380 887 1,633
4 255 734 1,437
CWIP 2 -0 3 1
Investments -0 -0 0 5
6 125 150 191
Total Assets 12 380 887 1,633

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
-5 -39 15 27
-6 -225 -342 -232
12 313 363 139
Net Cash Flow 0 48 36 -66

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%

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024
65.87% 65.87% 59.67% 59.96% 60.04% 53.46% 53.63% 53.63% 54.88%
4.62% 3.86% 2.71% 2.63% 2.63% 2.99% 2.18% 2.20% 1.99%
2.45% 1.51% 1.46% 1.41% 0.30% 0.01% 0.18% 0.29% 0.28%
27.06% 28.75% 36.16% 36.01% 37.01% 43.53% 44.01% 43.88% 42.86%
No. of Shareholders 11,95812,33011,72011,39411,93512,69111,20712,19312,872

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

Concalls