ZEE LEARN LIMITED

BSE: ZEELEARN533287ISIN INE565L01011

Consumer Discretionary
Education
BSE Consumer Discretionary

Share price

₹5.81+0.19 (+3.38%)

as of 4 Nov 2026

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

52W high: ₹10.14
52W low: ₹4.18
Off 52W high: -42.70%
1M return: -7.19%
3M return: -27.56%
6M return: +2.11%
1Y return: -31.08%
20D avg volume: 38,021
50 DMA: ₹6.55
200 DMA: ₹6.66

Key ratios Consolidated

Market cap: ₹190.61 Cr
Current price: ₹5.81
52W high / low: ₹10.14 / ₹4.18
Face value: ₹1.00
P/E: 3.85
P/B: 0.81
EPS (TTM): ₹1.51
Book value / share: ₹7.19
ROE: —
ROCE: 15.50%
Operating margin: —
Net margin: —
Debt / equity: 1.44
Net debt: ₹281.77 Cr
Interest cover: 2.78
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 43.4 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
Income statement
	54.62	93.32	176.77	79.67	74.25	108.37	158.68	74.74	58.19	80.33	—
	3.52	3.94	5.05	3.85	5.33	4.20	3.58	6.91	6.34	3.77	—
	58.14	97.25	181.82	83.52	79.59	112.56	162.26	81.65	64.53	84.10	—
	58.96	80.35	146.86	82.80	85.39	102.15	114.66	84.75	68.42	75.87	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	7.04	23.88	38.75	18.83	6.44	13.41	31.90	10.85	7.55	16.06	—
	15.51	16.75	35.26	41.76	42.90	43.41	40.59	39.51	27.53	25.27	—
	9.10	8.05	11.46	1.39	12.73	12.53	10.01	9.55	8.27	10.87	—
	11.98	11.57	11.86	10.48	10.57	11.00	10.48	9.00	8.48	8.44	—
	14.12	17.48	46.39	20.44	12.22	16.28	24.39	—	10.17	—	—
	-0.82	16.90	34.96	0.73	-5.80	10.41	47.60	-3.10	-3.89	8.23	—
	1.33	0.00	31.01	0.00	0.00	-3.53	-15.97	0.00	0.00	0.00	—
	0.51	16.90	65.97	0.73	-5.80	6.88	31.63	-3.10	-3.89	8.23	—
	2.20	6.27	20.56	3.37	0.34	4.99	14.76	0.66	0.15	4.59	—
	-1.72	8.42	45.42	-2.65	-6.14	1.90	16.87	-3.75	-4.03	3.64	—
	0.11	0.33	1.39	-0.08	-0.19	0.06	0.52	-0.12	-0.12	0.11	—
Key metrics
	21.59	36.52	89.29	12.60	17.50	30.41	52.12	15.45	12.86	27.54	—
	39.50%	39.10%	50.50%	15.80%	23.60%	28.10%	32.80%	20.70%	22.10%	34.30%	—
	-3.10%	9.00%	25.70%	-3.30%	-8.30%	1.80%	10.60%	-5.00%	-6.90%	4.50%	—
	1.80%	—	11.30%	—	1.10%	—	6.60%	—	—	—	—
	-26.40%	-13.90%	11.40%	6.60%	27.60%	34.90%	—	—	—	—	—
	72.00%	343.20%	169.20%	29.30%	-52.40%	-47.80%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	404.38	439.06	371.94	—
	16.36	18.43	20.60	—
	420.73	457.49	392.54	—
	368.97	417.19	343.69	—
	0.00	0.00	0.00	—
	88.50	77.43	66.36	—
	109.28	163.34	132.90	—
	30.00	38.10	38.69	—
	45.89	43.91	36.40	—
	98.43	95.33	68.14	—
	51.77	40.30	48.84	—
	32.34	27.48	-15.97	—
	84.11	67.78	32.88	—
	32.40	29.26	20.15	—
	49.47	38.53	12.72	—
	1.75	1.18	0.39	—
Key metrics
	160.00	149.79	107.97	—
	39.57%	34.10%	29.00%	—
	12.23%	8.80%	3.40%	—
	—	15.50%	11.30%	—
	-2.80%	18.00%	—	—
	457.09%	202.90%	—	—
	—	94.95	71.82	—
	—	2.80	6.52	—
	—	1.44	1.81	—
	—	281.77	329.12	—
	—	43.4	50.9	—
Balance sheet
	—	1,593	1,509	—
	—	914.69	798.61	—
	—	56.63	26.04	—
	—	47.29	40.51	—
	—	26.96	26.05	—
	—	3.34	7.11	—
	—	3.25	3.27	—
	—	22.00	14.74	—
	—	907.61	877.47	—
	—	338.40	355.16	—
	—	66.44	103.95	—
	—	271.96	251.21	—
	—	235.03	196.10	—
Cash flow
	—	107.81	82.89	—
	—	-5.83	-12.56	—
	—	-71.38	-63.35	—
	—	12.86	11.07	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	48.72	87.89	153.91	45.67	39.27	108.37	128.20	44.35	37.84	63.45	—
	1.74	1.91	4.41	1.49	2.88	4.20	2.39	4.10	4.02	1.42	—
	50.46	89.80	158.32	47.16	42.15	112.56	130.59	48.45	41.86	64.86	—
	43.29	67.09	105.76	39.69	41.43	102.15	75.40	45.72	40.96	49.13	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	7.04	23.88	38.75	18.83	6.44	13.41	31.90	10.85	7.55	16.06	—
	15.50	16.74	18.65	16.06	14.63	43.41	14.75	13.73	11.07	12.40	—
	1.52	1.54	2.12	-5.36	5.71	12.53	5.79	5.54	5.32	5.76	—
	3.84	3.77	3.53	2.66	2.72	11.00	2.78	1.10	0.55	0.61	—
	14.18	18.55	39.56	17.60	11.40	16.28	22.88	—	10.05	—	—
	7.17	22.70	52.56	7.47	0.72	10.41	55.19	2.73	0.90	15.73	—
	0.00	0.00	40.58	0.00	0.00	-3.53	0.00	—	—	—	—
	7.17	22.70	93.14	7.47	0.72	6.88	55.19	2.73	0.90	15.73	—
	2.20	6.27	20.30	3.27	0.25	4.99	15.22	0.57	0.10	4.49	—
	4.98	16.43	72.83	4.20	0.47	1.90	39.97	2.16	0.80	11.25	—
	0.15	0.50	2.23	0.13	0.01	0.06	1.22	0.07	0.02	0.34	—
Key metrics
	12.53	28.01	98.79	4.77	9.15	30.41	63.76	9.37	6.77	22.10	—
	25.70%	31.90%	64.20%	10.40%	23.30%	28.10%	49.70%	21.10%	17.90%	34.80%	—
	10.20%	18.70%	47.30%	9.20%	1.20%	1.80%	31.20%	4.90%	2.10%	17.70%	—
	2.00%	—	21.90%	—	1.70%	—	17.40%	—	—	—	—
	24.10%	-18.90%	20.10%	3.00%	3.80%	70.80%	—	—	—	—	—
	959.60%	764.70%	82.20%	94.40%	-41.30%	-83.10%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	336.19	312.57	273.84	—
	9.55	10.48	11.92	—
	345.74	323.04	285.76	—
	255.83	244.34	211.21	—
	0.00	0.00	0.00	—
	88.50	77.43	66.36	—
	66.95	64.89	51.95	—
	-0.18	7.90	22.41	—
	13.80	11.24	5.04	—
	89.89	83.79	64.24	—
	89.90	78.71	74.55	—
	40.58	40.58	0.00	—
	130.48	119.28	74.55	—
	32.04	28.72	20.36	—
	98.44	90.57	54.19	—
	3.01	2.77	1.66	—
Key metrics
	144.10	138.42	102.00	—
	42.86%	44.30%	37.20%	—
	29.28%	29.00%	19.80%	—
	—	29.30%	27.70%	—
	5.00%	14.10%	—	—
	121.21%	67.10%	—	—
	—	92.56	71.56	—
	—	1.16	1.53	—
	—	0.63	1.21	—
	—	104.45	174.36	—
	—	40.6	43.7	—
Balance sheet
	—	1,290	1,171	—
	—	888.65	772.01	—
	—	54.39	21.98	—
	—	23.99	18.88	—
	—	26.96	26.05	—
	—	2.84	6.20	—
	—	3.25	3.25	—
	—	16.17	12.16	—
	—	855.68	821.19	—
	—	158.84	196.34	—
	—	35.52	73.02	—
	—	123.32	123.32	—
	—	253.85	162.84	—
Cash flow
	—	105.21	82.92	—
	—	-11.87	-21.28	—
	—	-60.94	-56.42	—
	—	12.65	11.36	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +5.00%
Profit YoY (TTM): +121.21%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -2.80%
Profit YoY (TTM): +457.09%

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: 14.97%

Quarter	September 2026	June 2026
Promoter %	14.97%	14.97%

Holder	Type	Holding	Previous	Change
Essel Holdings Ltd	Promoter	8.81%	8.81%	0.00%
L&T FINANCE LIMITED	Public	5.66%	5.66%	0.00%
Jayneer Infrapower & Multiventures Private Limited	Promoter	5.16%	5.16%	0.00%
COEUS GLOBAL OPPORTUNITIES FUND	Public	4.49%	4.49%	0.00%
SULOCHANA JALAN	Public	3.69%	3.69%	0.00%
MANSI SHARE & STOCK BROKING PRIVATE LIMITED	Public	3.30%	3.61%	-0.31%
BRINDA UPADHYAYA	Public	2.14%	2.14%	0.00%
ANIL KANTIPRASAD PODDAR	Public	1.68%	1.68%	0.00%
VYOMAN INDIA PRIVATE LIMITED	Public	1.51%	1.51%	0.00%
NEPTUNE ALPHA FUND	Public	1.46%	1.46%	0.00%
VEENA INVESTMENTS PRIVATE LIMITED	Public	1.14%	1.08%	+0.06%
RINKOO DALAN	Public	1.08%	—	—
Asian Satellite Broadcast Pvt Ltd	Promoter	0.99%	0.99%	0.00%
Jayneer Enterprises Llp	Promoter	0.01%	0.01%	0.00%
Konti Infrapower & Multiventures Private Limited	Promoter Group	0.00%	0.00%	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

Newspaper Advertisement(s) pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Unaudited Financial Results for quarter and half year ....24 Oct 2026 · Company Update / Newspaper Publication
Outcome of Board Meeting held on October 23, 202623 Oct 2026 · Company Update / Change in Management
Outcome of Board Meeting held on October 22, 2026.23 Oct 2026 · Result / Financial Results
Outcome of Board Meeting held on October 22, 202622 Oct 2026 · Result / Financial Results
1. The Un-audited Financial Results of the Company for the quarter and half year ended September 30, 2026, both on standalone and consolidated basis, along with the Limited Review Report ....22 Oct 2026 · Board Meeting / Outcome of Board Meeting
Zee Learn Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/10/2026 ,inter alia, to consider and approve Intimation of the Board meeting pursuant ....17 Oct 2026 · Board Meeting / Board Meeting
Confirmation Certificate pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026.12 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for Closure of Trading Window under SEBI (Prohibition of Insider Trading) Regulations, 2015.29 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations , 2015 for allotment of Equity Shares of the Company pursuant to exercise of option ....28 Sep 2026 · Company Update / Allotment of ESOP / ESPS
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.27 Sep 2026 · Company Update / General
Compliance of Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.26 Sep 2026 · AGM/EGM / AGM
Summary of the proceedings of the 16th Annual General Meeting of the Company pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.25 Sep 2026 · AGM/EGM / AGM
Intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.16 Sep 2026 · Company Update / General
Newspaper Advertisement pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the 16th Annual General Meeting of the Company.4 Sep 2026 · Company Update / Newspaper Publication
Annual Report pursuant to Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.2 Sep 2026 · Others / Reg. 34 (1) Annual Report
Notice of 16th Annual General Meeting of the Company for the financial year 2025-26 pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.2 Sep 2026 · AGM/EGM / AGM
Intimation under Regulation 30 and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for declaration of Voting Results along with Scrutinizer Report ....31 Aug 2026 · AGM/EGM / Postal Ballot
Intimation under Regulation 30 and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for declaration of Voting Results along with Scrutinizer Report ....31 Aug 2026 · AGM/EGM / Postal Ballot
Intimation for book closure for the 16th Annual General Meeting pursuant to Regulation 42 of SEBI (Listing Obligation and Disclosure Requirements Regulations) 2015.18 Aug 2026 · Corp. Action / Book Closure
Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015.18 Aug 2026 · AGM/EGM / AGM
Newspaper Publication regarding Postal Ballot and E-Voting Facility1 Aug 2026 · Company Update / Newspaper Publication
Newspaper Advertisement(s) pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Unaudited Financial Results for quarter ended June 30, 2026.31 Jul 2026 · Company Update / Newspaper Publication
Intimation of Postal Ballot Notice pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.30 Jul 2026 · AGM/EGM / Postal Ballot
Outcome of Board Meeting held on July 29, 2026.29 Jul 2026 · Board Meeting / Outcome of Board Meeting
Zee Learn Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/07/2026 ,inter alia, to consider and approve Intimation of Board Meeting pursuant ....23 Jul 2026 · Board Meeting / Board Meeting
Confirmation Certificate pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026.15 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation under Regulation 30 and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for declaration of voting results along with Scrutinizer Report ....30 Jun 2026 · AGM/EGM / Postal Ballot
Intimation under Regulation 30 and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for declaration of voting results along with Scrutinizer Report ....30 Jun 2026 · AGM/EGM / Postal Ballot
Intimation for Closure of Trading Window under SEBI (Prohibition of Insider Trading ) Regulations,201529 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201517 Jun 2026 · Company Update / General
News Paper Publication Regarding Postal Ballot and E-voting Facility30 May 2026 · Company Update / Newspaper Publication
Intimation under Regulation 30 of SEBI LODR for allotment of equity shares of the company pursuant to exercise of option under ZLL ESOP 2010 - Amended 201529 May 2026 · Company Update / Allotment of ESOP / ESPS
Intimation of levy of fine under Regulation 17(1) of SEBI LODR Regulation, 201529 May 2026 · Company Update / General
Intimation of Postal Ballot Notice pursuant to Regulation 30 of SEBI LODR Regulation 202529 May 2026 · AGM/EGM / Postal Ballot
Newspaper advertisement pursuant to Regulation 47 of the SEBI LODR Regulation, 2015 Audited financial Results for the quarter and year ended March 31, 2026.24 May 2026 · Company Update / Newspaper Publication
Audited Financials Results for the quarter and financial year ended March 31, 2026.22 May 2026 · Result / Financial Results
Outcome of Board Meeting held on May 22, 2026.22 May 2026 · Board Meeting / Outcome of Board Meeting
Zee Learn Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/05/2026 ,inter alia, to consider and approve Intimation of Board Meeting pursuant ....15 May 2026 · Board Meeting / Board Meeting
Confirmation Certificate pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.13 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations")10 Apr 2026 · Company Update / General

Board meetings

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