NIIT Learning Systems Limited

BSE: NIITMTS543952ISIN INE342G01023

Consumer Discretionary
Education
BSE 1000

Share price

₹166.00-0.60 (-0.36%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹443.95
52W low: ₹156.00
Off 52W high: -62.61%
1M return: -16.79%
3M return: -32.88%
6M return: -48.15%
1Y return: -48.25%
20D avg volume: 13,080
50 DMA: ₹207.73
200 DMA: ₹267.59

Key ratios Consolidated

Market cap: ₹2,293 Cr
Current price: ₹166.00
52W high / low: ₹443.95 / ₹156.00
Face value: ₹2.00
P/E: 9.32
P/B: 1.41
EPS (TTM): ₹17.82
Book value / share: ₹118.01
ROE: —
ROCE: 17.90%
Operating margin: —
Net margin: —
Debt / equity: 0.17
Net debt: ₹-126.93 Cr
Interest cover: 15.53
Dividend yield: 1.96%
Dividend / share (TTM): ₹3.25
Payout: 18.24%
Cash conversion cycle: 45.9 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	528.58	565.08	525.22	499.69	475.72	451.35	429.71	418.88	397.45	407.23	397.91	391.32
	5.84	16.56	4.13	10.42	8.32	13.07	12.63	10.30	12.63	9.35	9.94	7.22
	534.42	581.64	529.35	510.12	484.04	464.43	442.34	429.18	410.08	416.57	407.85	398.55
	480.05	502.42	463.95	426.20	408.71	385.13	372.30	343.67	332.31	332.42	323.97	320.99
	0.00	0.00	0.00	0.00	2.12	0.00	0.00	—	—	—	—	—
	5.67	5.23	3.41	2.17	0.00	1.44	0.42	0.77	0.02	0.07	0.33	—
	248.16	246.79	243.61	219.87	208.79	200.93	201.16	201.73	197.85	195.01	189.92	191.06
	8.59	8.84	5.78	3.64	7.31	6.07	6.04	0.46	7.12	7.21	10.24	5.52
	22.42	21.46	20.53	19.35	18.39	18.11	16.71	15.94	15.26	14.00	12.68	14.26
	195.20	220.09	190.60	181.16	172.08	158.57	147.98	43.70	41.88	41.09	38.89	36.37
	54.37	79.22	65.40	83.92	75.33	79.30	70.03	85.51	77.77	84.15	83.88	77.56
	-3.36	-1.12	28.63	10.90	-6.03	-6.28	-0.75	-4.23	-3.23	-2.90	0.00	0.00
	51.01	78.10	94.03	94.82	69.30	73.02	69.29	81.28	74.54	81.25	83.88	77.56
	13.70	20.69	16.92	20.48	22.34	23.72	20.57	19.55	17.51	21.23	29.44	20.81
	37.31	57.41	77.11	74.34	46.96	49.30	48.72	61.73	57.04	60.02	54.44	56.75
	2.70	4.17	5.61	5.42	3.43	3.62	3.58	4.54	4.20	4.43	4.02	4.21
Key metrics
	82.02	108.40	120.34	117.81	95.00	97.20	92.04	97.68	96.92	102.46	106.80	97.34
	15.50%	19.20%	22.90%	23.60%	20.00%	21.50%	21.40%	23.30%	24.40%	25.20%	26.80%	24.90%
	7.10%	10.20%	14.70%	14.90%	9.90%	10.90%	11.30%	14.70%	14.40%	14.70%	13.70%	14.50%
	2.90%	—	5.00%	—	4.60%	—	5.40%	—	—	—	—	—
	11.10%	25.20%	22.20%	19.30%	19.70%	10.80%	8.00%	7.00%	—	—	—	—
	-20.50%	16.50%	58.30%	20.40%	-17.70%	-17.90%	-10.50%	8.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	2,119	1,952	1,653	1,554
	36.95	35.95	44.91	31.95
	2,156	1,988	1,698	1,585
	1,873	1,684	1,381	1,283
	0.00	0.00	0.00	—
	16.48	9.14	1.28	0.50
	958.43	873.21	795.75	753.24
	26.85	22.80	20.83	32.70
	83.76	76.39	61.91	59.18
	787.05	702.41	500.95	144.91
	282.91	303.96	317.47	302.29
	35.05	27.22	-11.11	-5.18
	317.96	331.18	306.36	297.11
	71.79	83.46	78.86	83.86
	246.17	247.72	227.50	213.24
	17.90	18.09	16.75	15.82
Key metrics
	428.57	430.37	389.10	388.99
	20.23%	22.00%	23.50%	25.00%
	11.62%	12.70%	13.80%	13.70%
	—	17.90%	23.40%	—
	19.31%	18.10%	6.40%	—
	19.09%	8.90%	6.70%	—
	—	243.75	199.25	—
	—	1.16	1.09	—
	—	0.17	0.06	—
	—	-126.93	-266.60	—
	—	45.9	33.6	—
Balance sheet
	—	3,060	2,188	—
	—	1,870	1,480	—
	—	394.31	337.25	—
	—	377.76	251.51	—
	—	0.04	0.08	—
	—	71.41	58.34	—
	—	29.15	30.02	—
	—	131.86	99.03	—
	—	1,083	787.93	—
	—	267.38	70.65	—
	—	92.62	25.67	—
	—	174.76	44.98	—
	—	1,543	1,210	—
Cash flow
	—	288.44	247.10	—
	—	-414.19	-129.22	—
	—	130.25	-72.58	—
	—	44.69	47.85	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	143.08	138.53	123.88	143.04	133.82	131.17	129.96	130.43	116.23	106.86	107.66	101.23
	17.46	27.95	17.72	19.51	60.61	23.84	20.85	17.58	57.70	16.16	17.19	49.17
	160.55	166.48	141.60	162.55	194.44	155.01	150.80	148.01	173.93	123.02	124.85	150.40
	130.85	128.81	123.46	132.63	131.18	128.01	121.56	113.94	107.26	98.23	94.68	94.05
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.32	0.68	0.40	1.31	1.37	1.44	0.42	0.77	0.02	0.07	0.33	—
	62.94	58.12	58.18	59.75	60.09	55.59	52.82	54.78	56.28	49.85	46.81	50.28
	0.65	0.59	0.68	0.70	0.70	0.68	0.70	1.07	0.76	0.78	1.71	0.42
	12.28	11.42	11.08	11.30	10.71	10.41	8.59	7.82	7.37	6.29	5.29	5.12
	54.67	57.98	53.10	59.57	58.28	59.89	59.03	16.27	16.24	14.70	13.78	12.57
	29.69	37.68	18.14	29.92	63.26	27.00	29.24	34.08	66.67	24.79	30.17	56.35
	0.00	0.00	0.00	-13.53	0.00	0.00	0.00	—	—	—	—	—
	29.69	37.68	18.14	16.39	63.26	27.00	29.24	34.08	66.67	24.79	30.17	56.35
	7.47	9.35	4.51	3.60	5.30	6.76	6.62	8.40	4.61	6.43	7.49	5.56
	22.22	28.33	13.63	12.79	57.96	20.24	22.62	25.68	62.06	18.37	22.68	50.80
	1.61	2.06	0.99	0.93	4.23	1.48	1.66	1.89	4.57	1.36	1.68	3.77
Key metrics
	42.62	49.69	29.90	28.39	74.67	38.09	38.53	42.97	74.80	31.86	37.17	61.89
	29.80%	35.90%	24.10%	19.80%	55.80%	29.00%	29.60%	32.90%	64.40%	29.80%	34.50%	61.10%
	15.50%	20.50%	11.00%	8.90%	43.30%	15.40%	17.40%	19.70%	53.40%	17.20%	21.10%	50.20%
	3.60%	—	2.30%	—	8.20%	—	4.10%	—	—	—	—	—
	6.90%	5.60%	-4.70%	9.70%	15.10%	22.70%	20.70%	28.80%	—	—	—	—
	-61.70%	40.00%	-39.70%	-50.20%	-6.60%	10.20%	-0.30%	-49.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	548.53	531.91	483.48	400.17
	82.64	121.69	112.29	96.48
	631.18	653.60	595.77	496.64
	515.75	515.29	440.99	371.15
	0.00	0.00	0.00	—
	2.71	4.51	1.28	0.50
	238.99	233.61	213.72	199.02
	2.62	2.77	3.31	2.78
	46.08	43.50	30.07	19.34
	225.32	230.85	192.60	52.05
	115.43	138.32	154.78	125.49
	-13.53	-13.53	0.00	-1.37
	101.90	124.79	154.78	124.12
	24.93	20.16	26.05	22.05
	76.97	104.63	128.73	102.07
	5.59	7.64	9.48	7.57
Key metrics
	150.60	171.06	188.16	146.24
	27.46%	32.20%	38.90%	36.50%
	14.03%	19.70%	26.60%	25.50%
	—	15.60%	21.80%	—
	4.41%	10.00%	20.80%	—
	-39.15%	-18.70%	26.10%	—
	—	60.92	39.01	—
	—	1.00	0.65	—
	—	0.00	0.00	—
	—	-0.51	0.14	—
	—	45.6	36.3	—
Balance sheet
	—	961.21	851.80	—
	—	707.96	619.80	—
	—	0.81	0.44	—
	—	122.16	109.39	—
	—	0.04	0.08	—
	—	20.70	18.48	—
	—	22.27	24.89	—
	—	55.70	61.43	—
	—	144.20	127.36	—
	—	0.30	0.58	—
	—	0.30	0.28	—
	—	0.00	0.30	—
	—	799.36	701.04	—
Cash flow
	—	104.33	84.03	—
	—	-70.30	-56.66	—
	—	-33.66	-36.55	—
	—	43.41	45.02	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +4.41%
Profit YoY (TTM): -39.15%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +19.31%
Profit YoY (TTM): +19.09%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 34.15%

Quarter	September 2026	June 2026
Promoter %	34.15%	34.23%

Holder	Type	Holding	Previous	Change
VIJAY KUMAR THADANI AS TRUSTEE OF THADANI FAMILY TRUST	Promoter Group	16.76%	16.80%	-0.04%
RAJENDRA SINGH PAWAR AS TRUSTEE OF PAWAR FAMILY TRUST	Promoter Group	16.36%	16.40%	-0.04%
NIPPON LIFE INDIA TRUSTEE LTD. - A/C NIPPON INDIA SMALL CAP FUND	Public	8.84%	8.86%	-0.02%
UTI LARGE & MID CAP FUND (including other funds)	Public	6.69%	6.48%	+0.21%
MASSACHUSETTS INSTITUTE OF TECHNOLOGY	Public	5.60%	5.62%	-0.02%
MARATHON EDGE INDIA FUND I LVF	Public	2.98%	2.99%	-0.01%
AKM SYSTEMS PVT. LTD.	Public	2.91%	2.92%	-0.01%
SBI INNOVATIVE OPPORTUNITIES FUND	Public	1.10%	2.36%	-1.26%
ICICI PRUDENTIAL TECHNOLOGY FUND (including other funds)	Public	1.06%	—	—
ARVIND THAKUR	Promoter Group	0.41%	0.41%	0.00%
NEETI PAWAR AND RAJENDRA SINGH PAWAR	Promoter Group	0.27%	0.27%	0.00%
RAJENDRA SINGH PAWAR AND NEETI PAWAR	Promoter	0.11%	0.11%	0.00%
VIJAY KUMAR THADANI AND RENUKA VIJAY THADANI	Promoter	0.11%	0.11%	0.00%
UNNATI PAWAR	Promoter Group	0.04%	0.04%	0.00%
UDAI PAWAR	Promoter Group	0.04%	0.04%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Shanti Educational Initiatives Limited	2,593	161.05	446.05	10.50%	-11.82% TTM	-14.68% TTM	+46.41%
NIIT Learning Systems Limited	2,293	166.00	9.32	17.90%	+19.31% TTM	+19.09% TTM	-48.25%
NIIT Ltd.	982	71.67	145.07	1.20%	+5.77% TTM	-79.18% TTM	-30.52%
Aptech Ltd.	479	82.63	17.64	14.10%	+9.36% TTM	+25.20% TTM	-23.56%
Career Point Edutech Limited	322	177.00	11.64	40.70%	—	—	-42.90%
CL Educate Limited	276	50.87	-13.18	4.80%	+11.97% TTM	-20.81% TTM	-42.84%
ZEE LEARN LIMITED	191	5.81	3.85	15.50%	-2.80% TTM	+457.09% TTM	-31.08%
Golden Crest Education & Services Limited S	164	312.90	680.22	2.20%	+38.71% TTM	+50.00% TTM	-10.78%
VJTF Eduservices Limited S	105	59.80	-57.32	—	-35.37% TTM	-803.85% TTM	-44.42%
Compucom Software Lt.	100	12.64	34.46	4.30%	-4.68% TTM	-18.72% TTM	-31.04%
IRONWOOD EDUCATION LIMITED	85	50.36	14.24	12.00%	+2,008.91% TTM	+155.41% TTM	+8.53%
Ascensive Educare Limited S	72	15.80	—	29.30%	—	—	-12.22%
LCC Infotech Ltd. S	66	3.93	49.13	-1.00%	+1,367.57% TTM	+178.66% TTM	-6.21%
Vantage Knowledge Academy Limited S	29	0.86	-86.00	0.60%	-63.27% TTM	-128.57% TTM	-58.25%
Tree House Education & Accessories Limited	26	6.05	-0.86	-7.10%	-35.50% TTM	-84.11% TTM	-22.93%
VIRTUAL GLOBAL EDUCATION LTD. S	25	0.44	—	-0.40%	-86.67% TTM	+89.09% TTM	-24.14%
DSJ KEEP LEARNING LIMITED S	22	1.39	-19.86	-14.60%	-28.04% TTM	-329.41% TTM	-50.36%
Humming Bird Education Limited	17	28.00	—	25.70%	—	—	-4.86%
MT EDUCARE LIMITED	12	1.63	-3.76	36.90%	-28.25% TTM	+89.90% TTM	-20.10%
Educomp Solutions Ltd S	11	0.87	-0.33	0.80%	-12.56% TTM	+4.91% TTM	-38.73%
Kuberan Global Edu Solutions Limited S	7	34.00	—	-22.40%	—	—	-24.14%
ACE EDUTREND LIMITED S	3	3.70	-21.76	-0.90%	—	+75.81% TTM	-12.74%

Filings & corporate actions

Recent announcements

Earnings call transcript for the quarter ended September 30, 2026.4 Nov 2026 · Company Update / Earnings Call Transcript
Copy of newspaper for publication of unaudited financial results for the quarter and half year ended September 30, 2026.30 Oct 2026 · Company Update / Newspaper Publication
Pursuant to the requirement of Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find below the Link ....29 Oct 2026 · Company Update / Analyst / Investor Meet
Appointment of Statutory Auditor29 Oct 2026 · Company Update / Appointment of Statutory Auditor/s
Press release (with date) for unaudited Financial Results for the quarter ended on September 30, 202629 Oct 2026 · Company Update / Press Release / Media Release (Revised)
Press release dated October 29, 2026: Acquisition of Bluewater Learning, LLP29 Oct 2026 · Company Update / Press Release / Media Release
Intimation about investment by NIIT (USA), Inc., a Wholly owned overseas subsidiary of the Company, by way of acquisition of 100% membership interest in Bluewater Learning, LLC, a Texas based company.29 Oct 2026 · Company Update / General
Intimation about investment by NIIT (USA), Inc., a Wholly owned Subsidiary of the Company, by way of acquisition of 100% membership interest in Bluewater Learning, LLC, a Texas based company.29 Oct 2026 · Company Update / Acquisition
Investor Presentation to be made on Unaudited Financial results for quarter ended on September 30, 202629 Oct 2026 · Company Update / Investor Presentation
Press release for Unaudited Financial Results for the quarter ended on September 30, 202629 Oct 2026 · Company Update / Press Release / Media Release
Unaudited Financial Results for the quarter & half year ended on September 30, 202629 Oct 2026 · Board Meeting / Outcome of Board Meeting
Unaudited Financial Results for the quarter & half year ended on September 30, 202629 Oct 2026 · Result / Financial Results
Pursuant to the requirement of Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you ....25 Oct 2026 · Company Update / Analyst / Investor Meet
NIIT Learning Systems Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/10/2026 ,inter alia, to consider and approve the Unaudited Financial ....22 Oct 2026 · Board Meeting / Board Meeting
Compliance certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended Sep 30, 2026.8 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Closure of Trading Window.30 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III thereto, we wish to inform you that the representatives ....24 Sep 2026 · Company Update / Analyst / Investor Meet
Press release dated September 23, 2026.23 Sep 2026 · Company Update / Press Release / Media Release
Intimation of allotment of equity shares under NIIT Learning Systems Limited Employee Stock Option Plan 2023-0 of the Company.18 Sep 2026 · Company Update / Allotment of ESOP / ESPS
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III thereto, we wish to inform you that the representatives ....17 Sep 2026 · Company Update / Analyst / Investor Meet
Presentation for NIIT Learning Investor Day / Building the AI-Ready L&D Enterprise event.10 Sep 2026 · Company Update / Investor Presentation
Voting results and Scrutinizer''s Report of 24th Annual General Meeting of the Company held on September 9, 2026.9 Sep 2026 · AGM/EGM / AGM
Summary of proceedings of 24th Annual General Meeting of the Company held on September 9, 2026.9 Sep 2026 · AGM/EGM / AGM
Update of the MST Holding GmbH Germany, a step down wholly owned subsidiary ("WoS") of the Company for the voluntary dissolution and winding up of its Wos - MST Shanghai Co. Limited.31 Aug 2026 · Company Update / General
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III thereto, we wish to inform you that the representative ....27 Aug 2026 · Company Update / Analyst / Investor Meet
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III thereto, we wish to inform you that the Company ....21 Aug 2026 · Company Update / Analyst / Investor Meet
Press release dated August 19, 2026.19 Aug 2026 · Company Update / Press Release / Media Release
Newspaper advertisements for dispatch of Notice of 24th Annual General Meeting and Annual Report for financial year 2025-26 & e-Voting information.15 Aug 2026 · Company Update / Newspaper Publication
Notice of 24th Annual General Meeting and Annual Report - 2025-26 of the Company.14 Aug 2026 · Others / Reg. 34 (1) Annual Report
Business Responsibility and Sustainability Report of the Company for 2025-26.14 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Notice of 24th Annual General Meeting and Annual Report - 2025-26 of the Company.14 Aug 2026 · AGM/EGM / AGM
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III thereto, we wish to inform you that the representatives ....10 Aug 2026 · Company Update / Analyst / Investor Meet
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III thereto, we wish to inform you that the representatives ....10 Aug 2026 · Company Update / Analyst / Investor Meet
Copies of newspaper publication for intimation of 24th Annual General Meeting scheduled to be held on September 9, 20266 Aug 2026 · Company Update / Newspaper Publication
Intimation of record date for payment of dividend for financial year 2025-26.5 Aug 2026 · Corp. Action / Record Date
Intimation of 24th Annual General Meeting of the Company to be held on Wednesday, September 9, 2026 and Record date for payment of dividend for financial year 2025-26.5 Aug 2026 · AGM/EGM / AGM
We would like to inform that NIIT (USA) Inc., a wholly owned subsidiary has received the Audit Report and Notice of Balance Due for tax adjustments, both date July 30, 2026 (received on ....31 Jul 2026 · Company Update / General
NIIT Learning Systems Limited has informed the exchange about Earnings Call Transcript for Q1 FY27.30 Jul 2026 · Company Update / Earnings Call Transcript
Intimation of allotment of equity shares under NLSL Employee Stock Option Plan 2023-0.30 Jul 2026 · Company Update / Allotment of ESOP / ESPS
Press release dated July 29, 2026.29 Jul 2026 · Company Update / Press Release / Media Release

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 3.2500	20 Aug 2026	20 Aug 2026	—
Final Dividend - Rs. - 3.0000	4 Sep 2025	4 Sep 2025	—
Final Dividend - Rs. - 2.7500	5 Sep 2024	5 Sep 2024	—

Board meetings

29 Oct 2026 Board Meeting - Financial Results
23 Jul 2026 Board Meeting - Financial Results