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NSE:VERANDA

VERANDA LEARNING SOL LTD

Consumer Services › Other Consumer Services
₹32.25
at close · 27 Oct 2026
▲ 1.53 (+4.98%)

Latest filings

  1. JSCEL pledges subsidiary shares to secure Rs 143 Cr NCD issue · Strategic Transactions
  2. Cost of acquisition split guidance after JSCEL demerger: 64.50% VLS, 35.50% JSCEL · Strategic Transactions
  3. VLS demerger: 9.65 cr JSCEL shares allotted to shareholders at 1:1 ratio · Strategic Transactions
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates an education and test-preparation platform across five revenue streams. Commerce coaching is the largest, delivered mainly through J.K. Shah Classes for professional commerce exams such as CA, CS and CMA, and produced the highest operating profit at ₹145.24 crore in FY26. Government test preparation runs via the Veranda RACE brand for UPSC, KAS and KPSC civil services exams, while managed school services, vocational education (now a 50:50 joint venture with SNVA EduTech) and others round out the mix. FY26 consolidated revenue from operations stood at ₹481.51 crore, with an EBITDA margin of 60.24% and net profit of ₹129.75 crore. Activities during FY26 included an MoU between J.K. Shah Classes and Japan's CPA Excellent Partners for CPA training, an MoU between Veranda RACE and Dr. Rajkumar Academy for civil services coaching in Karnataka, and a Composite Scheme before NCLT Chennai proposing to merge Veranda XL and demerge the commerce vertical into J.K. Shah Commerce Education Ltd. Costs are dominated by other operating expenses at 49.1% of revenue and employee costs at 12.7%, with no material input cost line.

Revenue mix · reported segments
Commerce63.9%
Government test preparation21.9%
Managed school services6.3%
Others5.8%
Vocational education2.1%
Operating scale
Commerce segment revenue (FY26)
₹334.59 crFY26
Government test preparation revenue (FY26)
₹114.56 crFY26
Managed school services revenue (FY26)
₹33.11 crFY26
QIP funds raised
₹357.42 crJuly 2025
Bank loan facility rated IND BBB-
₹140 cr
Group structure
15 subsidiaries and 1 associate
Who pays it
Students preparing for commerce professional exams (CA, CS, CMA), civil services aspirants (UPSC, KAS, KPSC), and schools using managed services.
Biggest cost
Other operating expenses (49.1% of revenue), primarily marketing, content and delivery costs; employee costs at 12.7%.
Kind of business
Asset-light, multi-brand Indian test-prep and education services franchise.
Where it sits
Consumer services / e-learning platform whose Commerce vertical (via J.K. Shah Classes) contributed 63.9% of FY26 segment revenue.
Market Cap
₹311 Cr
P / E (TTM)
2.1×
EV / EBITDA
2.0×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
-9.4%·
ROCE (5y median)
ROE -25.9% (5y median) · margin 60.2%
Leverage
0.31·
Debt / Equity · low
Net debt ₹271 Cr
Revenue FY22→FY26
6.4×▲
Margin +104.9 pts
₹75 Cr → ₹482 Cr
Moves on a normal day
1.83%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 29 Other Consumer Services peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#2/25
P/B#2/23
ROCE#14/29
ROE#5/23
Debt / Equity#18/22
EBITDA margin#7/22
Revenue growth#13/24
Profit growth#2/21

Scorecard

Measured from the filed financials, judged against its Other Consumer Services peers · as of FY26 — not investment advice

Strengths
Negative working-capital cycle — the business is funded by its suppliers
Concerns
Negative returns on capital — −9.4% (5-year median)
#14 of 29 in Other Consumer Services on the latest reported figures · up from −21.6% in FY22
Carries more debt than its peers — 0.31× equity
higher than 81% of its 22 Other Consumer Services peers

Charts

How has the market priced it — with filings on the timeline?

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from VERANDA LEARNING SOL LTD's filed financials and exchange disclosures

What does VERANDA LEARNING SOL LTD do?

VERANDA LEARNING SOL LTD is a Other Consumer Services company listed on NSE and BSE, trading under the symbol VERANDA.

Is VERANDA LEARNING SOL LTD profitable?

Yes. Over the trailing twelve months VERANDA LEARNING SOL LTD reported a net profit of ₹158 Cr on revenue of ₹525 Cr.

Does VERANDA LEARNING SOL LTD pay a dividend?

Not in the latest reported year — VERANDA LEARNING SOL LTD's dividend payout for FY26 was nil.

Is VERANDA LEARNING SOL LTD debt-free?

No. It reported borrowings of ₹301 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹271 Cr after cash. Debt stands at 0.31× equity. That is higher than 81% of its 22 Other Consumer Services peers.

Is VERANDA LEARNING SOL LTD expensive compared with its peers?

On trailing P/E, VERANDA LEARNING SOL LTD ranks 2 of 25 in Other Consumer Services — cheaper than 96% of them, against an industry median of 16.3×. This is a position, not a valuation judgement.

How much does the VERANDA LEARNING SOL LTD share price move in a day?

On a typical session VERANDA LEARNING SOL LTD moves 1.83% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track VERANDA LEARNING SOL LTD's announcements?

Every NSE and BSE filing by VERANDA LEARNING SOL LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.