Runs education services, staffing and training, and education-related construction and leasing in India. Educational services is the dominant line at 71.2% of segment revenue with a 25.2% EBIT margin, while training and manpower contributes 23.9% with near-zero margins, and construction and leasing for education is 4.9% and loss-making. Total FY26 segment revenue stood at Rs 439.06 crore with consolidated net profit of Rs 38.53 crore. The largest input cost is people, with employee expenses at 37.2% of revenue, followed by other operating expenses at 21.7% and depreciation at 10.0%. The board has approved the sale of Liberium Global Resources, the staffing subsidiary that accounted for about 24% of FY26 revenue, to Creantum Security, subject to shareholder approval. The auditor flagged material going-concern uncertainty tied to invoked corporate guarantees totalling about Rs 81,000 lakhs (Rs 66,746 lakhs with ACRE and Rs 14,578 lakhs with Axis Bank), and another subsidiary DVPL was admitted under CIRP at NCLT in November 2024. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Educational services and related activities (71%), Training, manpower and related activities (24%), Construction and leasing (for education) (5%). Service-heavy education and staffing business, with the loss-making staffing subsidiary being divested
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 248 | 324 | 356 | 372 | 439 |
| EBITDA (ex other income) | 47 | (397) | 220 | 87 | 131 |
| margin % | 19.1 | (122.3) | 61.9 | 23.5 | 29.9 |
| Owners' profit | (3) | (443) | 163 | 13 | 39 |
| EPS, as reported (₹) | (0.08) | (13.60) | 4.99 | 0.39 | 1.18 |
| ROE % · ROCE % | (2.2) · 4.3 | (330.1) · (68.4) | 85.2 · 37.8 | 6.5 · 11.3 | 16.4 · 15.5 |
| Debt / equity (x) | 0.66 | 3.01 | 1.80 | 1.81 | 1.44 |
| Cash from operations | 63 | 42 | 50 | 83 | 108 |
| Capex | (1) | (4) | (3) | (11) | (13) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 58 | 75 | 159 | 108 | 74 | 80 | 177 | 93 |
| Profit before tax | (4) | (3) | 32 | 7 | (6) | 1 | 66 | 17 |
| Net profit | (4) | (4) | 17 | 2 | (6) | (3) | 45 | 8 |
| EPS (₹) | (0.12) | (0.12) | 0.52 | 0.06 | (0.19) | (0.08) | 1.39 | 0.26 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Educational services and related activities | 193 | 44.0 |
| Construction and leasing (for education) | 5 | 1.2 |
| Training, manpower and related activities | 47 | 10.7 |
| - Educational services and related activities | 119 | 27.2 |
| - Construction and leasing (for education) | 11 | 2.5 |
| - Training, manpower and related activities | 58 | 13.2 |
| Construction and leasing (for education) | 5 | 1.2 |
| Total, before eliminations | 439 | 100.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · 16th AGM Notice Published in Newspapers - Zee Learn Limited | compliance | minimal | — | — |
| 2 Sept 2026 · Zee Learn files FY26 Annual Report; AGM on September 25, 2026 | compliance | low | — | — |
| 2 Sept 2026 · Zee Learn 16th AGM notice on September 25, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Postal ballot result - disposal of Liberium Global Resources approved | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Zee Learn shareholders approve disposal of Liberium Global Resources | strategic transactions | high | — | — |
| 18 Aug 2026 · Book Closure Notice for 16th AGM on September 25, 2026 | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Board approves 16th AGM notice; meeting on September 25, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 1 Aug 2026 · Postal ballot for Liberium Global Resources stake disposal | compliance | minimal | — | — |
| 31 Jul 2026 · Zee Learn Q1 FY27 results published in newspapers, profit rises sharply | compliance | minimal | — | — |
| 30 Jul 2026 · Postal ballot to sell 100% stake in Liberium subsidiary for Rs 20 lakh | strategic transactions | high | — | — |
| 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 |
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.
