NSE: KEEPLEARN · BSE: 526677
DSJ KEEP LEARNING LTD
Operates a single education segment that generated Rs 789 lakh in revenue in FY26, down roughly 21% from Rs 997.60 lakh in the previous year. Other operating expenses were the biggest cost item at 58.2% of revenue, followed by employee cost at 51.5%, with no material input cost recorded. The company reported profit after tax of Rs 96.70 lakh for FY26 versus Rs 32.88 lakh in FY25, alongside positive operating cash flow of Rs 199.88 lakh. Capital expenditure was Rs 1.26 crore in FY26, or 16% of revenue. The balance sheet showed total assets of Rs 13.56 crore and total equity of Rs 618 lakh; reserves stood at negative Rs 842.41 lakh as of Q3 FY26. The board approved a proposal to change the company's name in Q3 FY26, subject to regulatory and shareholder approvals. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Education. Small-cap, single-segment education services company
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 5 | 6 | 6 | 10 | 8 |
| EBITDA (ex other income) | 1 | 1 | 1 | 1 | (1) |
| margin % | 25.4 | 13.7 | 12.9 | 7.0 | (9.7) |
| Owners' profit | 1 | 0 | 0 | 0 | (1) |
| EPS, as reported (₹) | 0.16 | 0.01 | 0.04 | 0.03 | (0.06) |
| ROE % · ROCE % | (353.5) · 46.2 | 131.1 · 20.1 | 134.5 · 21.7 | 4.6 · 8.2 | (15.6) · (14.5) |
| Debt / equity (x) | (7.83) | 57.51 | 12.55 | 0.26 | 0.23 |
| Cash from operations | (0) | 1 | 1 | (1) | 2 |
| Capex | (0) | (1) | (1) | (2) | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 2 | 3 | 3 | 2 | 1 | 1 | 2 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | (1) | (1) | 0 |
| Net profit | 0 | 0 | (0) | 0 | 0 | (1) | (1) | 0 |
| EPS (₹) | 0.01 | 0.01 | (0.17) | 0.02 | 0.00 | (0.03) | (0.05) | 0.01 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| NIIT LEARNING SYSTEMS LTD | 2,748 | 10.7 | 1.78 | 6.1 | 16.1 | 16.7 | — | 19.2 |
| SHANTI EDU INITIATIVES L | 2,608 | 450.0 | 33.63 | 260.6 | 7.7 | 9.7 | — | 9.2 |
| NIIT LIMITED | 952 | 105.5 | 0.89 | 21.9 | 0.6 | 1.1 | (16.3) | 17.6 |
| GLOBAL EDUCATION LIMITED | 718 | 27.6 | 5.47 | 18.6 | 20.2 | 25.9 | — | 42.3 |
| APTECH LIMITED | 476 | 19.4 | 1.91 | 9.9 | 9.5 | 13.4 | 41.4 | 9.7 |
| CAREER POINT EDUTECH LTD | 293 | 12.3 | 3.86 | 9.1 | 30.3 | 40.6 | — | 76.3 |
| Golden Crest Education & Servi | 170 | 718.2 | 15.43 | — | 1.6 | 2.2 | — | 27.0 |
| VJTF EDUSERVICES LTD. | 104 | 45.1 | 0.89 | — | (0.1) | — | (9.7) | 415.5 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 3.3 | 1.9 | 10 of 15 | 36% |
| ROCE | (18.8) | 2.5 | 15 of 17 | 13% |
| ROE | (15.7) | 1.6 | 14 of 15 | 7% |
| Debt / Equity | 0.2 | 0.0 | 11 of 14 | 23% |
| EBITDA margin | 12.1 | 18.4 | 10 of 14 | 31% |
| Revenue growth | (22.0) | (0.0) | 13 of 16 | 20% |
| Profit growth | (65.5) | 12.5 | 12 of 15 | 21% |
| Market cap | 21 | 91 | 16 of 18 | 12% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 10 Oct 2026 · Routine Compliance Certificate for Q2 FY27 Dematerialisation | compliance | minimal | — | — |
| 1 Oct 2026 · All 7 resolutions passed at DSJ Keep Learning 36th AGM held on 30 Sep 2026 | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 36th AGM held on 30 Sept 2026; 7 resolutions tabled | board shareholder meetings | low | — | — |
| 30 Sept 2026 · DSJ Keep Learning publishes corrigendum to 36th AGM notice | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 and H1 FY27 results | compliance | minimal | — | — |
| 27 Sept 2026 · Corrigendum to AGM Notice and Annual Report FY 2025-26 - typo corrections | board shareholder meetings | medium | — | — |
| 5 Sept 2026 · DSJ Keep Learning publishes 36th AGM notice and voting details | compliance | minimal | — | — |
| 3 Sept 2026 · DSJ Keep Learning sends 36th AGM notice and annual report weblink to shareholders | compliance | minimal | — | — |
| 3 Sept 2026 · 36th AGM on Sep 30; MD reappointment, pay revision and RPTs on agenda | board shareholder meetings | low | — | — |
| 3 Sept 2026 · 36th AGM on 30 Sept - director reappointments, MD pay revision, related party deals | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.