NIIT Learning Systems Ltd
NSE: NIITMTS · Education · sector
₹193.10NSE close 2026-10-26
Key numbers
Market cap₹2,661 cr
Price₹193.10
52w high / low₹444 / ₹185
P/E10.4xSector median 21.7x
P/B1.7xSector median 1.1x
Book value₹112.0
Dividend yield1.54%Sector median 1.59%
ROE22.8%Sector median 2.0%
ROCE20.0%Sector median 4.0%
OPM19.5%Sector median 12.6%
Debt / equity0.17xSector median 0.04x
EV/EBITDA5.1xSector median 14.8x
Interest cover14.2x
Current ratio1.73x
Sales growth 3y–Sector median +3.9%
Profit growth 3y–Sector median +1.8%
PEG0.31x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 18 companies in Education (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹888 cr vs borrowings ₹267 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 14.2x in the last 12 months.
- Operating cash flow was below net profit in 1 of the last 3 years (FY25).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 15% of net profit in the last 12 months.
- Debtor days went from 53 (FY24) to 71 (FY26).
- Dividend paid in 3 of the last 3 financial years.
- Price ₹193.10 on 2026-10-26: -56.5% from the 52-week high, +4.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹517.35 · low ₹191.08
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 397 | 419 | 130 | 451 | 476 | 500 | 525 | 565 |
| EBITDA | 84 | 87 | 18 | 84 | 87 | 107 | 116 | 92 |
| OPM % | 21.2% | 20.9% | 13.6% | 18.6% | 18.2% | 21.5% | 22.1% | 16.3% |
| Other income | 13 | 10 | 21 | 13 | 8 | 10 | 4 | 17 |
| Net profit | 57 | 62 | 23 | 49 | 47 | 74 | 77 | 57 |
| EPS (₹) | 4.20 | 4.54 | 1.66 | 3.62 | 3.43 | 5.42 | 5.61 | 4.17 |
| Revenue YoY | +19.7% | +19.3% | +304.1% | +25.2% | ||||
| Profit YoY | -17.7% | +20.4% | +240.9% | +16.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|
| Revenue | 1,554 | 483 | 1,952 | 2,066 |
| EBITDA | 357 | 76 | 394 | 402 |
| Net profit | 213 | 129 | 248 | 256 |
| EPS (₹) | 15.82 | 9.48 | 18.09 | 18.63 |
| Revenue growth | -68.9% | +303.7% | +47.8% | |
| Profit growth | -39.6% | +92.4% | +34.2% | |
| Dividend / share (₹) | 2.50 | 2.75 | 3.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +47.8% |
| Net profit | – | – | +34.2% |
| EPS | – | – | – |
| Share price | – | -37.7% (2y) | -41.4% |
Balance sheet
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Shareholders' equity | 977 | 701 | 1,543 |
| Borrowings | 93 | 1 | 267 |
| Cash & equivalents | 632 | 380 | 888 |
| Total assets | 2,033 | 852 | 3,060 |
| Fixed assets | 34 | 25 | 29 |
| Capital work in progress | 0 | 0 | 0 |
| Investments | 30 | 98 | 38 |
| Receivables | 225 | 109 | 378 |
| Inventory | 0 | 0 | 0 |
| Payables | 91 | 61 | 132 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash from operations | 279 | 84 | 288 |
| Cash from investing | -182 | -57 | -414 |
| Cash from financing | -69 | -37 | 130 |
| Capex | 47 | 45 | 45 |
| Free cash flow | 231 | 39 | 244 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| ROE % | 21.8% | 18.4% | 16.1% |
| ROCE % | 30.8% | 22.5% | 19.6% |
| Debtor days | 53 | 83 | 71 |
| Inventory days | 54 | 23 | 2 |
| Payable days | 60,645 | 17,517 | 5,246 |
| Cash conversion cycle (days) | -60,538 | -17,411 | -5,173 |
| Working capital days | 123 | 372 | 147 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 34.17% |
| FIIs | 13.59% |
| DIIs | 24.41% |
| of which Mutual funds | 17.68% |
| of which Insurance | 0.48% |
| Government | 0.01% |
| Public (non-institutions) | 27.83% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 34.48% | 34.45% | 34.36% | 34.21% | 34.19% | 34.10% | 34.25% | 34.17% |
| Promoter group | % |
|---|---|
| Vijay Kumar Thadani AS Trustee of Thadani Family Trust | 16.76% |
| Rajendra Singh Pawar AS Trustee of Pawar Family Trust | 16.36% |
| Arvind Thakur | 0.41% |
| Neeti Pawar and Rajendra Singh Pawar | 0.27% |
| Rajendra Singh Pawar and Neeti Pawar | 0.11% |
| Vijay Kumar Thadani and Renuka Vijay Thadani | 0.11% |
| Urvashi Pawar | 0.04% |
| Unnati Pawar | 0.04% |
| Udai Pawar | 0.04% |
| Rasina Uberoi | 0.01% |
| Renu Kanwar and Vandana Katoch | 0.00% |
| Late Santosh Dogra | 0.00% |
| Renuka Vijay Thadani and Vijay Kumar Thadani | 0.00% |
| Yogesh Singh | 0.00% |
| Janki Jamwal and Neeti Pawar | 0.00% |
| Public holders above 1% | % |
|---|---|
| Nippon Life India Trustee Ltd. - A/C Nippon India Small CAP Fund | 8.84% |
| UTI LARGE & MID CAP FUND (including other funds) | 6.69% |
| Massachusetts Institute of Technology | 5.60% |
| Marathon Edge India Fund I LVF | 2.98% |
| AKM Systems PVT. Ltd. | 2.91% |
| SBI Innovative Opportunities Fund | 1.10% |
| ICICI PRUDENTIAL TECHNOLOGY FUND (including other funds) | 1.06% |
73,089 shareholders. Pledged: – of promoter shares.
Peers in Education
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| NIITMTS | ₹2,661 cr | 10.4x | 1.7x | 22.8% | 20.0% | 19.5% | – | 1.54% |
| SEIL | ₹2,491 cr | 351.6x | 32.5x | 7.9% | 10.4% | 11.3% | +71.7% | – |
| NIITLTD | ₹754 cr | 113.3x | 0.7x | 1.0% | 1.4% | -4.4% | +4.6% | 1.81% |
| APTECHT | ₹457 cr | 18.7x | 1.8x | 9.8% | 15.3% | 6.0% | +3.3% | 5.71% |
| CPEDU | ₹300 cr | 12.6x | 4.0x | 31.6% | 42.7% | 51.0% | – | 1.51% |
| CLEDUCATE | ₹253 cr | – | 1.0x | -9.0% | 4.3% | 8.1% | +23.4% | – |
| ZEELEARN | ₹186 cr | 3.4x | 0.8x | 22.8% | 19.3% | 35.5% | +10.6% | – |
| GOLDENCREST | ₹170 cr | 718.2x | 15.4x | 2.2% | 2.2% | 47.1% | +7.6% | – |
| COMPUSOFT | ₹100 cr | 34.1x | 0.7x | 2.0% | 4.0% | 20.3% | -14.5% | 1.59% |
| VJTFEDU | ₹95 cr | 15.3x | 1.1x | -2.1% | – | – | -26.7% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-20 | Dividend | Dividend - Rs 3.25 Per Share |
| 2025-09-04 | Dividend | Dividend - Rs 3 Per Share |
| 2024-09-05 | Dividend | Dividend - Rs 2.75 Per Share |
| 2023-11-10 | Dividend | Interim Dividend - Rs 2.50 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Other Education Delivery: NLSL offers Managed Training Services (MTS), which includes outsourcing of Learning & Development (L&D) and Talent Transformation Services to market-leading companies and institutions headquartered in North America, Europe and APAC region.
| Sector | Consumer Discretionary |
| Industry | Education |
| Sub-industry | Education |
| Symbol | NIITMTS |
| BSE code | 543952 |
| ISIN | INE342G01023 |
| Face value | ₹2.0 |
| Incorporated | 2001-07-16 |
| Website | www.niitmts.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.