Veranda Learning Solutions Limited

BSE: VERANDA543514ISIN INE0IQ001011

Consumer Discretionary
E-Learning
BSE Consumer Discretionary

Share price

₹33.49-1.52 (-4.34%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded. Earlier history is omitted pending corporate-action verification.

52W high: —
52W low: —
Off 52W high: —
1M return: —
3M return: —
6M return: —
1Y return: —
20D avg volume: 11,991
50 DMA: —
200 DMA: —

Key ratios Consolidated

Market cap: ₹323.20 Cr
Current price: ₹33.49
52W high / low: — / —
Face value: ₹10.00
P/E: 2.05
P/B: 0.34
EPS (TTM): ₹16.35
Book value / share: ₹99.65
ROE: —
ROCE: 14.20%
Operating margin: —
Net margin: —
Debt / equity: 0.31
Net debt: ₹271.13 Cr
Interest cover: 2.98
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: -1.8 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	149.54	132.40	116.81	126.74	139.27	114.11	99.15	138.62	118.99	102.61	91.84	98.37
	1.94	7.49	10.38	2.07	17.32	38.91	0.77	1.83	7.43	1.29	3.51	1.90
	151.48	139.88	127.19	128.81	156.58	153.03	98.38	140.45	126.42	103.91	95.36	100.27
	122.93	115.05	103.19	114.05	148.80	147.69	304.52	167.49	151.07	143.25	115.78	100.00
	0.00	0.00	0.02	0.02	0.02	0.00	0.00	0.03	0.00	0.01	0.02	0.04
	7.84	4.81	4.75	4.06	3.41	4.02	1.15	3.28	1.58	2.22	1.49	2.23
	17.18	13.91	17.00	15.22	25.91	27.03	31.91	29.34	26.78	19.98	22.22	20.95
	10.90	14.81	13.24	19.25	30.54	35.71	33.20	33.23	29.92	39.51	19.91	10.31
	14.40	14.83	15.15	14.25	16.23	17.66	139.54	24.22	22.33	22.55	17.70	6.17
	73.22	65.47	53.62	61.04	73.46	63.32	84.06	—	—	—	—	—
	28.55	24.84	24.00	14.76	7.79	5.33	-206.14	-27.05	-24.65	-39.34	-20.42	0.27
	0.00	-4.12	0.00	90.23	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	28.55	20.71	24.00	104.99	7.79	5.33	-206.14	-27.05	-24.65	-39.34	-20.42	0.27
	-3.45	8.05	7.12	7.08	1.82	3.03	3.21	3.32	0.51	0.80	3.71	1.80
	33.87	15.70	12.59	95.64	5.97	8.36	-202.94	-30.36	-25.16	-38.54	-16.71	-1.53
	3.03	0.92	1.08	11.13	-0.09	0.68	-27.15	-4.22	-3.78	-5.93	-2.49	-0.24
Key metrics
	53.85	50.35	52.39	138.49	54.56	58.70	-33.40	30.40	27.60	22.72	17.19	16.75
	36.00%	38.00%	44.90%	109.30%	39.20%	51.40%	-33.70%	21.90%	23.20%	22.10%	18.70%	17.00%
	22.60%	11.90%	10.80%	75.50%	4.30%	7.30%	-204.70%	-21.90%	-21.10%	-37.60%	-18.20%	-1.60%
	—	2.20%	—	7.90%	—	3.10%	—	—	—	—	—	—
	7.40%	16.00%	17.80%	-8.60%	17.00%	11.20%	8.00%	40.90%	—	—	—	—
	467.30%	87.80%	106.20%	415.00%	123.70%	121.70%	-1,114.50%	-1,884.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	525.49	481.51	470.87	361.73	161.36	75.05
	21.88	37.24	47.40	8.29	38.56	0.55
	547.36	518.75	518.27	370.02	199.92	75.60
	455.22	450.96	772.86	451.28	289.35	136.81
	0.04	0.06	0.04	0.08	0.12	0.07
	21.46	17.03	10.03	7.02	3.93	2.61
	63.31	61.30	115.06	81.83	58.55	31.64
	58.20	77.82	132.06	78.17	10.30	8.33
	58.63	58.35	205.84	65.37	45.46	13.82
	253.35	236.33	309.84	—	—	—
	92.15	67.79	-254.59	-81.26	-89.43	-61.21
	86.11	86.10	0.00	0.00	0.00	0.00
	178.25	153.90	-254.59	-81.26	-89.43	-61.21
	18.80	23.78	2.94	5.15	10.22	2.71
	157.80	129.75	-251.65	-76.11	-79.21	-58.49
	16.16	11.84	-34.73	-12.05	-13.65	-16.96
Key metrics
	295.08	290.07	83.31	62.28	-33.67	-39.06
	56.15%	60.20%	17.70%	17.20%	-20.90%	-52.00%
	30.03%	26.90%	-53.40%	-21.00%	-49.10%	-77.90%
	—	14.20%	-9.40%	—	—	—
	6.99%	2.30%	30.20%	124.20%	115.00%	—
	—	151.60%	-230.60%	3.90%	-35.40%	—
	—	90.59	16.69	—	—	—
	—	0.81	-0.13	—	—	—
	—	0.31	2.00	—	—	—
	—	271.13	459.73	—	—	—
	—	-1.8	-8.3	—	—	—
Balance sheet
	—	1,832	1,880	—	—	—
	—	139.37	228.33	—	—	—
	—	29.87	53.60	—	—	—
	—	33.63	46.11	—	—	—
	—	2.93	3.02	—	—	—
	—	29.01	—	—	—	—
	—	96.06	152.90	—	—	—
	—	38.90	59.72	—	—	—
	—	202.95	574.85	—	—	—
	—	301.00	513.33	—	—	—
	—	14.48	82.45	—	—	—
	—	286.52	430.88	—	—	—
	—	958.36	256.96	—	—	—
Cash flow
	—	104.71	31.65	—	—	—
	—	-102.34	-48.75	—	—	—
	—	-26.09	50.98	—	—	—
	—	14.12	14.96	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	5.79	4.94	3.58	9.10	12.27	9.59	10.67	11.28	9.54	12.72	13.83	8.03
	10.19	10.68	19.57	14.62	7.59	36.72	7.51	6.79	5.90	8.69	4.89	3.20
	15.98	15.62	23.15	23.72	19.86	46.31	18.18	18.07	15.44	21.41	18.73	11.23
	15.86	17.69	15.06	16.01	19.41	44.18	31.19	14.90	13.74	13.91	10.52	6.12
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	3.01	1.92	2.09	1.70	2.49	3.60	3.77	3.63	3.34	3.75	3.11	2.50
	10.79	10.77	8.94	11.20	8.71	10.30	8.09	6.53	6.13	5.99	4.56	1.39
	0.08	0.07	0.78	1.13	1.10	1.33	6.99	2.15	1.74	1.50	0.62	0.20
	1.98	4.93	3.25	1.97	7.10	28.94	11.93	2.14	—	—	—	—
	0.12	-2.07	8.09	7.71	0.45	2.13	-13.01	3.17	1.70	7.50	8.20	5.11
	0.00	-0.83	-6.63	-3.33	0.00	0.00	—	—	—	—	—	—
	0.12	-2.89	1.46	4.39	0.45	2.13	-13.01	3.17	1.70	7.50	8.20	5.11
	0.19	0.37	0.37	3.19	0.41	-5.42	0.81	2.53	0.08	2.69	0.11	0.02
	-0.07	-3.26	1.09	1.20	0.04	7.55	-13.81	0.64	1.78	10.19	8.31	5.13
	-0.01	-0.34	0.11	0.13	0.01	1.06	-1.94	0.09	0.25	1.47	1.20	0.79
Key metrics
	10.99	7.95	11.18	16.72	10.26	13.76	2.07	11.85	9.57	14.99	13.38	6.70
	189.80%	160.90%	312.30%	183.70%	83.60%	143.50%	19.40%	105.10%	100.30%	117.80%	96.70%	83.40%
	-1.20%	-66.00%	30.40%	13.20%	0.30%	78.70%	-129.40%	5.70%	18.70%	80.10%	60.10%	63.90%
	—	0.50%	—	1.10%	—	1.30%	—	—	—	—	—	—
	-52.80%	-48.50%	-66.40%	-19.30%	28.60%	-24.60%	-22.80%	40.50%	—	—	—	—
	-275.00%	-143.20%	107.90%	87.50%	-97.80%	-25.90%	-266.20%	-87.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	23.41	29.89	41.08	39.41	17.14	12.15
	55.06	52.46	56.92	18.74	37.91	1.38
	78.47	82.36	98.00	58.15	55.06	13.52
	64.62	68.17	104.01	37.65	48.03	26.22
	0.00	0.00	0.00	—	—	—
	0.00	0.00	0.00	—	—	—
	8.72	8.20	14.34	12.61	10.96	7.26
	41.70	39.63	31.06	13.25	3.37	8.15
	2.06	3.09	12.22	2.53	0.51	0.37
	12.13	17.25	46.39	—	—	—
	13.85	14.18	-6.00	20.50	7.02	-12.70
	-10.79	-10.78	0.00	—	—	—
	3.08	3.40	-6.00	20.50	7.02	-12.70
	4.12	4.33	-2.16	2.83	0.04	0.05
	-1.04	-0.93	-3.85	23.33	6.98	-12.65
	-0.11	-0.10	-0.54	3.53	1.20	-3.67
Key metrics
	46.84	46.12	37.28	36.28	10.90	-4.18
	200.09%	154.30%	90.70%	92.10%	63.60%	-34.40%
	-4.44%	-3.10%	-9.40%	59.20%	40.70%	-104.10%
	—	2.70%	2.70%	—	—	—
	-46.56%	-27.20%	4.20%	129.90%	41.10%	—
	—	75.80%	-116.50%	234.20%	155.20%	—
	—	-7.29	31.51	—	—	—
	—	7.84	-8.29	—	—	—
	—	0.29	0.14	—	—	—
	—	343.73	85.91	—	—	—
	—	-29.7	49.0	—	—	—
Balance sheet
	—	1,598	1,152	—	—	—
	—	15.27	40.62	—	—	—
	—	6.59	19.27	—	—	—
	—	4.29	10.28	—	—	—
	—	0.00	0.00	—	—	—
	—	3.70	3.27	—	—	—
	—	0.54	58.51	—	—	—
	—	6.72	4.76	—	—	—
	—	19.50	216.91	—	—	—
	—	350.32	105.18	—	—	—
	—	0.28	4.51	—	—	—
	—	350.04	100.67	—	—	—
	—	1,218	757.98	—	—	—
Cash flow
	—	-7.29	31.93	—	—	—
	—	-581.33	-115.92	—	—	—
	—	575.93	102.48	—	—	—
	—	0.00	0.42	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +20.37%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -46.56%
Profit YoY (TTM): +81.36%

Consolidated

Sales CAGR 3Y: +43.97%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +6.99%
Profit YoY (TTM): +172.06%

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: 32.63%

Quarter	September 2026	June 2026
Promoter %	32.63%	33.74%

Holder	Type	Holding	Previous	Change
KALPATHI S AGHORAM	Promoter	10.25%	10.62%	-0.37%
KALPATHI S GANESH	Promoter	10.25%	10.62%	-0.37%
KALPATHI S SURESH	Promoter	10.24%	10.60%	-0.36%
AUTHUM INVESTMENT AND INFRASTRUCTURE LIMITED	Public	9.88%	10.81%	-0.93%
PARMAR DEVELOPERS AND PROPERTIES PRIVATE LIMITED	Public	2.84%	2.84%	0.00%
AMRIT RAMANA PRASAD	Public	2.77%	2.78%	-0.01%
RAMANA PRASAD A S	Public	2.77%	2.77%	0.00%
MUNDHRA HOMES PRIVATE LIMITED	Public	2.35%	2.36%	-0.01%
JITENDRA KANTILAL SHAH	Public	2.09%	2.09%	0.00%
GKK CAPITAL MARKETS PRIVATE LIMITED	Public	1.84%	1.82%	+0.02%
PRABHU .	Public	1.65%	1.66%	-0.01%
UJWAL KUMAR PAGARIYA	Public	1.47%	1.47%	0.00%
TUTICORIN ENERGY LLP	Promoter Group	1.24%	1.25%	-0.01%
BHANWAR LAL BORANA	Public	1.23%	1.23%	0.00%
KALPATHI G AJITH	Promoter Group	0.21%	0.21%	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
Physicswallah Limited	37,071	127.45	2,542.39	1.90%	—	—	—
Jaro Institute of Technology Management and Research Limited S	747	335.10	13.20	18.90%	—	—	-46.05%
Veranda Learning Solutions Limited	323	33.49	2.05	14.20%	+6.99% TTM	+172.06% TTM	—
ROBOKIDZ EDUVENTURES LIMITED	159	146.45	15.81 FY26	—	+58.67% FY26	+102.01% FY26	—
FUSION KLASSROOM EDUTECH LIMITED S	155	170.00	—	—	—	—	—
Sodhani Academy of Fintech Enablers Limited S	96	168.00	27.59	24.10%	—	—	-45.72%
Jetking Infotrain Ltd.	64	108.00	202.02	-2.30%	-6.95% TTM	-59.52% TTM	-51.57%
Usha Martin Education & Solutions Limited	11	4.27	35.14	18.40%	—	—	-15.94%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Please find the enclosed disclosure.13 Oct 2026 · Company Update / General
Please find the enclosed disclosure.12 Oct 2026 · Company Update / General
Please find the enclosed disclosure.7 Oct 2026 · Company Update / General
Please find the enclosed disclosure.5 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find the enclosed Press Release titled "Veranda Learning announces constitution of Board of Directors of J.K. Shah Commerce Education Limited."5 Oct 2026 · Company Update / Press Release / Media Release
Please find the enclosed disclosure.5 Oct 2026 · Company Update / General
Please find the enclosed disclosure.30 Sep 2026 · Company Update / General
Please find the enclosed disclosure .30 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please find the enclosed disclosure.28 Sep 2026 · Company Update / Change in Management
Please find the enclosed disclosure.24 Sep 2026 · Company Update / General
Please find the enclosed Press Release titled " Veranda Learning Solutions Limited fixes October 6, 2026 as Record Date for Commerce Vertical Demerger"24 Sep 2026 · Company Update / Press Release / Media Release
Pursuant to Regulation 30 and 42 of SEBI (LODR) Regulations, 2015, we are enclosing herewith an intimation regarding fixation of record date under the Composite Scheme of Arrangement.23 Sep 2026 · Corp. Action / Record Date
Please find the enclosed disclosure.23 Sep 2026 · Company Update / General
Please find the enclosed disclosure.22 Sep 2026 · Others
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 22, 2026 for Kalpathi S Aghoram, ....22 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
Please find the enclosed disclosure18 Sep 2026 · Company Update / General
Allotment of Equity Shares upon conversion of warrants4 Sep 2026 · Company Update / Allotment of Equity Shares
Please find the enclosed intimation regarding increase in Authorised Share Capital of the Company pursuant to the Composite Scheme of Arrangement31 Aug 2026 · Company Update / Amendments to Memorandum & Articles of Association
Please find the intimation regarding receipt of certified true copy of the Order of the Hon''ble National Law Tribunal, Chennai, Bench - I and implementation of the Composite Scheme of Arrangement31 Aug 2026 · Company Update / General
Please find the enclosed disclosure.28 Aug 2026 · Company Update / General
Please find the enclosed a copy of the press release titled "Veranda Learning receives NCLT approval for commerce Vertical Demerger"24 Aug 2026 · Company Update / Press Release / Media Release
Receipt of Copy of Order of Scheme of Arrangement obtained from the Hon''ble NCLT, Chennai Bench21 Aug 2026 · Company Update / General
Please find the attached disclosure.17 Aug 2026 · Company Update / Earnings Call Transcript
Please find the attached disclosure.14 Aug 2026 · Company Update / Newspaper Publication
Please find the enclosed Weblink of Audio Recording of the Earnings Call for the Quarter ended June 30, 202613 Aug 2026 · Company Update / Analyst / Investor Meet
Please find the attached Monitoring Agency Report for the Quarter ended June 30, 202613 Aug 2026 · Company Update / Monitoring Agency Report
Please find the attached Investor Presentation.13 Aug 2026 · Company Update / Investor Presentation
Please find the enclosed Press Release.13 Aug 2026 · Company Update / Press Release / Media Release
Please find the enclosed results.13 Aug 2026 · Result / Financial Results
Outcome of Board Meeting held on August 13, 202613 Aug 2026 · Board Meeting / Outcome of Board Meeting
Please find the enclosed Voting Result along with the Scrutinizer''s Report of the Annual General Meeting of the Company.7 Aug 2026 · AGM/EGM / AGM
Proceedings of 8th Annual General Meeting of the Company.6 Aug 2026 · AGM/EGM / AGM
Please find the enclosed intimation.5 Aug 2026 · Company Update / Analyst / Investor Meet
Veranda Learning Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve the Un-audited Financial ....5 Aug 2026 · Board Meeting / Board Meeting
Please find the enclosed disclosure under Regulation 30 of SEBI (LODR) Regulations, 20155 Aug 2026 · Company Update / General
Please find the enclosed31 Jul 2026 · Company Update / Newspaper Publication
Please find the enclosed revised Annual Report of the Company for the FY 2025-26.30 Jul 2026 · Others / Reg. 34 (1) Annual Report
Please find the enclosed.29 Jul 2026 · Company Update / General
Please find the enclosed press release.24 Jul 2026 · Company Update / Press Release / Media Release
Please find the enclosed disclosure16 Jul 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Spin Off	6 Oct 2026	6 Oct 2026	—

Board meetings

13 Aug 2026 Board Meeting - Financial Results