Veranda Learning Solutions Limited (VERANDA)

Loading page…

Veranda Learning Solutions Limited (VERANDA) · mywealthgrid

About

Veranda Learning Solutions operates in e-learning, a Consumer Discretionary subsector in India. Generates ₹116–139 Cr in consolidated quarterly revenue with 34.62% operating margins. Majority-held by public shareholders (62.86%) with 33.75% promoter stake and minimal institutional participation.

Face value: ₹10

Market cap

₹2,059 Cr

P/E

14.3×

P/B

2.1×

Dividend yield

ROE

17.4%

ROCE

9.9%

Debt / equity

0.31

OPM

34.6%

EPS (TTM)

₹15.0

Book value

₹99.7

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profitability volatility: consolidated net profit ranged ₹5.97–₹95.64 Cr quarterly while revenue held stable at ₹116–139 Cr, suggesting material one-time items or non-linear operational factors (verify: whether Sep 2025's ₹95.64 Cr profit included extraordinary gains)
Standalone vs. consolidated gap: standalone quarterly entries show losses or minimal profit despite consolidated profitability of ₹12–15 Cr, indicating revenue concentration or dependent segments (verify: which operations drive the divergence)
Low institutional ownership: FII 2.83% and DII 0.56% despite ₹2,368 Cr market cap (verify: analyst coverage, free-float liquidity, and reasons for institutional avoidance)
Revenue trajectory unclear: quarterly revenue stable at ₹116–139 Cr with only 4.73% 1-year stock return (verify: annual revenue growth, enrollment trends, and volume/price drivers)

Generated analysis · source review pending

Growth drivers

E-learning sector expansion in India—verify Veranda's segment focus (K12, higher ed, skills, corporate) and market growth in that area
Margin stability: 34.62% OPM means revenue growth accelerates profit accretion without margin compression (verify: year-over-year revenue trend and growth rate)
Capital deployment capacity: D/E 0.31 and ROE 17.37% show productive capital use and balance-sheet room for investment (verify: capex or M&A strategy)

Generated analysis · source review pending

1,102 historical price candles were omitted because the exchange source has not been verified.

₹213.8-4.3%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 34.6%
+Revenue CAGR of 185.5% over the last 5 years

Cons

−Low return on equity of -28% (3-yr avg)
−Weak interest coverage of 1.9×
−Promoter holding fell 16.6 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

70/100

Business quality: 51
Growth: 80
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Physicswallah LimitedPWLPWL	₹34,365 Cr	₹34,376 Cr	₹4,106 Cr	₹389 Cr	9.5%	₹20 Cr	-0.6%	2.8%	-0.5%	-317
Veranda Learning Solutions LimitedVERANDAVERANDA	₹2,059 Cr	₹2,360 Cr	₹525 Cr	₹187 Cr	34.6%	₹144 Cr	27%	9.9%	17.4%	-740
Jaro Institute Of Technology Management And Research LimitedJAROJARO	₹911 Cr	₹911 Cr	₹284 Cr	₹73 Cr	26.3%	₹57 Cr	19.3%	18.9%	14.7%	-19
Robokidz Eduventures LtdROBOKIDZROBOKIDZ	₹241 Cr	—	—	—	—	—	—	—	—	—
Fusion Klassroom Edutech LtdKLASSROOMKLASSROOM	₹153 Cr	₹154 Cr	₹10 Cr	—	—	₹3 Cr	28.7%	-10.4%	41.6%	—
Sodhani Academy of Fintech Enablers LtdSAFESAFE	₹79 Cr	—	₹4 Cr	₹2 Cr	55.1%	₹3 Cr	95.1%	26.6%	22.4%	—
Jetking Infotrain LtdJETKINGQJETKINGQ	₹76 Cr	₹77 Cr	₹22 Cr	₹-3 Cr	-13.2%	₹-1 Cr	-4.2%	-2.3%	-2.2%	-8
Usha Martin Education & Solutions LimitedUMESLTDUMESLTD	₹12 Cr	₹12 Cr	₹1 Cr	₹0 Cr	48.9%	₹0 Cr	44.3%	5.1%	4.7%	0

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3	75	161	362	471	482
COGS	0	3	3	7	10	17
Gross profit	2	72	158	355	461	464
	10	112	230	301	425	299
	-8	-40	-72	54	36	165
OPM %	-300.4%	-52.8%	-44.8%	14.9%	7.6%	34.4%
Depreciation	1	14	45	65	206	58
Interest	0	8	10	78	132	78
	0	1	39	8	47	124
Profit before tax	-8	-61	-89	-81	-255	154
Tax	-0	-3	-10	-5	-3	24
Tax %	-0.1%	-4.4%	-11.4%	-6.3%	-1.2%	15.5%
PAT	-8	-58	-79	-76	-252	130
PAT margin %	-326%	-77.9%	-49.1%	-21%	-53.4%	27%
EPS (₹)	-7.3	-17	-13.7	-12.1	-34.7	11.8
EPS adjusted (₹)	-11.8	-14.2	-12.9	-11.5	-33.2	11
Annual report	—	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	0	7	41	62	69	74	96
Reserves	—	-7	36	244	308	183	862
	—	6	203	231	452	513	301
	—	5	101	355	805	1,109	573
Total equity & liabilities	—	12	381	892	1,633	1,880	1,832
	0	3	255	662	1,382	1,565	1,222
CWIP	—	1	0	0	1	0	0
Investments	—	0	0	0	51	50	440
	—	8	127	229	200	264	171
Total assets	—	12	381	892	1,633	1,880	1,832

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Commerce	334.59	145.24	1,097.74	464.69	633.05	22.94
Government test preparation	114.56	4.59

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	89.4%	96.3%	97.9%	98.1%	97.9%	96.4%
EBITDA margin %	-300.4%	-52.8%	-44.8%	14.9%	7.6%	34.6%
EBIT margin %	-325.2%	-71.2%	-72.9%	-3.1%	-36.1%	22.5%
PAT margin %	-326%	-77.9%	-49.1%	-21%	-53.4%	27%
Working capital
Receivable days	46	17	12	39	36	25
Inventory days	973	84	143	132	110	62
Payable days	4,556	4,638	3,071	2,689	2,169	827
NWC days	-3,536	-4,537	-2,916	-2,518	-2,024	-740
Leverage
Current ratio	0.44	0.9	1.3	0.29	0.4	0.69
Debt to EBITDA	—	—	—	8.37	14.29	1.81
Debt to equity	-102.67	2.64	0.75	1.2	2	0.31
Interest coverage	-275.3	-6.3	-7.7	-0	-0.9	1.9
Asset turnover	0.22	0.2	0.18	0.22	0.25	0.26
Return ratios
Return on assets %	-71.9%	-15.3%	-8.9%	-4.7%	-13.4%	7.1%
Return on capital employed %	82,600%	-21.5%	-15.3%	-0.3%	-10.3%	9.9%
Return on equity %	13,800%	-76%	-25.9%	-20.2%	-97.9%	13.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	53.46%	53.63%	53.63%	54.88%	54.79%	54.79%	53.43%	50.31%	33.96%	33.96%	33.8%	33.75%
	2.99%	2.18%	2.2%	1.84%	1.09%	1.12%	0.87%	1.3%	2.92%	2.64%	2.37%	2.83%
	0.01%	0.18%	0.29%	0.28%	0.35%	0.36%	0.13%	0.12%	1.49%	1.13%	0.56%	0.56%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	43.54%	44.01%	43.88%	43%	43.77%	43.73%	45.57%	48.27%	61.63%	62.27%	63.27%	62.86%
No. of shareholders	—	—	—	—	—	—	—	—	12,446	13,394	13,218	12,470

Promoter holding down 19.71 percentage points since Sep 2023.

36 deals · 11 Apr 2022 – 14 May 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
14 May 2026	AUTHUM INVESTMENT & INFRASTRUCTURE LIMITED	Bulk	NSE	Sell	5,97,296	₹242.16	₹14.46 Cr
14 May 2026	NIRMAL MADHU FAMILY PRIVATE TRUST	Bulk	NSE	Buy	5,00,000	₹242.02	₹12.10 Cr
14 May 2026	AUTHUM INVESTMENT & INFRASTRUCTURE LIMITED	Bulk	NSE	Buy	2,145	₹239.51	₹0.05 Cr
13 May 2026	AUTHUM INVESTMENT & INFRASTRUCTURE LIMITED	Bulk	NSE	Sell	24,60,000	₹220.68	₹54.29 Cr
13 May 2026	MUNDHRA HOMES PRIVATE LIMITED	Bulk	NSE	Buy	22,70,000	₹220.17	₹49.98 Cr
16 Oct 2025	GOLDMAN SACHS (SINGAPORE) PTE.- ODI	Block	NSE	Sell	7,60,870	₹230.50	₹17.54 Cr
16 Oct 2025	GOLDMAN SACHS BANK EUROPESE - ODI	Block	NSE	Buy	7,60,870	₹230.50	₹17.54 Cr
16 Oct 2025	GOLDMAN SACHS (SINGAPORE) PTE.- ODI	Bulk	NSE	Sell	7,60,870	₹230.50	₹17.54 Cr
16 Oct 2025	GOLDMAN SACHS BANK EUROPESE - ODI	Bulk	NSE	Buy	7,60,870	₹230.50	₹17.54 Cr
26 Aug 2025	AUTHUM INVESTMENT & INFRASTRUCTURE LIMITED	Bulk	NSE	Buy	58,00,000	₹230.10	₹133.46 Cr

1–10 of 36

1 / 4

Mr. Kalpathi S SureshExecutive Director-Chairperson related to Promoter
Mr. Kalpathi S AghoramNon-Executive - Non Independent Director
Mr. Kalpathi S GaneshNon-Executive - Non Independent Director
Ms. Kalpathi A ArchanaNon-Executive - Non Independent Director
Mr. Ashok MisraNon-Executive - Independent Director
Ms. AlameluNon-Executive - Independent Director
Mr. S LakshminarayananNon-Executive - Independent Director
Ms. Revathi RaghunathanNon-Executive - Independent Director
Mr. P B SrinivasanNon-Executive - Independent Director
Mr. Saurani Pathan Mohasin KhanChief Financial Officer
Mr. S BalasundharamCompany Secretary & Compliance Officer

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Veranda Learning Solutions Limited. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results13 Aug 2026

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

28 announcementsExport CSV

31 Aug 2026, 9:23 pmCompany Update

Announcement Under Regulation 30 Of SEBI LODR Regulations, 2015

General PDF

28 Aug 2026, 10:34 amCompany Update

Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015

General PDF

24 Aug 2026, 9:06 amCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

21 Aug 2026, 7:42 pmCompany Update

Receipt Of Copy Of Order Of Scheme Of Arrangement Obtained From The Hon''ble NCLT, Chennai Bench

General PDF

17 Aug 2026, 6:55 pmCompany Update

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Earnings Call Transcript PDF

14 Aug 2026, 5:21 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Aug 2026, 6:07 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

31 Jul 2026, 7:30 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
31 Aug 2026, 9:23 pm	Company Update General	Announcement Under Regulation 30 Of SEBI LODR Regulations, 2015	PDF
28 Aug 2026, 10:34 am	Company Update General	Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015

Loading announcements…

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	89.4%	96.3%	97.9%	98.1%	97.9%	96.4%
EBITDA margin %	-300.4%	-52.8%	-44.8%	14.9%	7.6%	34.6%
EBIT margin %	-325.2%	-71.2%	-72.9%	-3.1%	-36.1%	22.5%
PAT margin %	-326%	-77.9%	-49.1%	-21%	-53.4%	27%
Working capital
Receivable days	46	17	12	39	36	25
Inventory days	973	84	143	132	110	62
Payable days	4,556	4,638	3,071	2,689	2,169	827
NWC days	-3,536	-4,537	-2,916	-2,518	-2,024	-740
Leverage
Current ratio	0.44	0.9	1.3	0.29	0.4	0.69
Debt to EBITDA	—	—	—	8.37	14.29	1.81
Debt to equity	-102.67	2.64	0.75	1.2	2	0.31
Interest coverage	-275.3	-6.3	-7.7	-0	-0.9	1.9
Asset turnover	0.22	0.2	0.18	0.22	0.25	0.26
Return ratios
Return on assets %	-71.9%	-15.3%	-8.9%	-4.7%	-13.4%	7.1%
Return on capital employed %	82,600%	-21.5%	-15.3%	-0.3%	-10.3%	9.9%
Return on equity %	13,800%	-76%	-25.9%	-20.2%	-97.9%	13.5%

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-5	-39	15	27	32	105
	-6	-226	-424	-232	-49	-102
	12	313	445	141	51	-26
Net cash flow	0	47	36	-65	34	-24
Free cash flow	-10	-43	-76	13	17	91
CFO / Operating profit %	—	—	—	49.4%	88.1%	62.8%

Veranda Learning Solutions Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

Announcements

Not in the F&O segment

No fund holdings on record

1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Segment results

Compounded sales growth

Return on equity

Commerce · revenue

Veranda Learning Solutions Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Announcements

Not in the F&O segment

Ratio timeline

No fund holdings on record

Board meetings1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Commerce · revenue

1

1