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Last Updated: April 2, 2026, 3:24 am
Author: Getaka|Social: XLinkedIn

NIIT Learning Systems Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹287.93Fairly Valued by 5.47%vs CMP ₹273.00

P/E (17.0) × ROE (21.5%) × BV (₹97.40) × DY (1.10%)

₹218.08Overvalued by 20.12%vs CMP ₹273.00
MoS: -25.2% (Negative)Confidence: 53/100 (Moderate)Models: 1 Under, 2 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹289.6922%Fair (+6.1%)
Graham NumberEarnings₹187.4913%Over (-31.3%)
Earnings PowerEarnings₹109.7113%Over (-59.8%)
DCFCash Flow₹160.8013%Over (-41.1%)
Net Asset ValueAssets₹97.217%Over (-64.4%)
EV/EBITDAEnterprise₹287.649%Fair (+5.4%)
Earnings YieldEarnings₹160.407%Over (-41.2%)
ROCE CapitalReturns₹465.369%Under (+70.5%)
Revenue MultipleRevenue₹120.375%Over (-55.9%)
Consensus (9 models)₹218.08100%Overvalued
Key Drivers: Wide model spread (₹97–₹465) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 0.6%

*Investments are subject to market risks

Investment Snapshot

67
NIIT Learning Systems Ltd scores 67/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 28.2% ExcellentROE 21.5% ExcellentD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 2.39% MF buyingPromoter holding at 34.2% Stable
Earnings Quality50/100 · Moderate
OPM stable around 23% Steady
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +15% YoY GrowingProfit (4Q): -6% YoY Declining
Industry Rank80/100 · Strong
P/E 17.0 vs industry 150.7 Cheaper than peersROCE 28.2% vs industry 12.8% Above peers3Y sales CAGR: 13% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:24 am

Market Cap 3,749 Cr.
Current Price 273
Intrinsic Value₹218.08
High / Low 444/260
Stock P/E17.0
Book Value 97.4
Dividend Yield1.10 %
ROCE28.2 %
ROE21.5 %
Face Value 2.00
PEG Ratio27.87

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for NIIT Learning Systems Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
NIIT Learning Systems Ltd 3,749 Cr. 273 444/26017.0 97.41.10 %28.2 %21.5 % 2.00
S Chand & Company Ltd (SCHAND) 494 Cr. 140 258/1309.94 2582.86 %9.45 %6.37 % 5.00
Global Education Ltd 487 Cr. 95.8 112/41.622.8 22.71.57 %35.9 %26.7 % 2.00
CL Educate Ltd 252 Cr. 46.5 121/35.5 50.80.00 %2.93 %2.41 % 5.00
Golden Crest Education & Services Ltd 168 Cr. 320 560/2251,198 20.80.00 %2.05 %1.49 % 10.0
Industry Average779.29 Cr65.57150.7368.790.57%12.81%24.78%5.06

All Competitor Stocks of NIIT Learning Systems Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 363386382382391398407397419430451476500
Expenses 283299297292301301311310327350361383403
Operating Profit 80878590909796889280909396
OPM % 22%23%22%24%23%24%24%22%22%19%20%19%19%
Other Income -7073710696127221
Interest 58896107706674
Depreciation 12151517141314151617181819
Profit before tax 57656867788481758169736995
Tax % 19%17%19%30%27%35%26%23%24%30%32%32%22%
Net Profit 46545547575460576249494774
EPS in Rs 4.103.484.204.024.424.204.543.583.613.435.42

Last Updated: February 4, 2026, 8:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 5:16 am

MetricMar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,1321,3621,5541,6531,856
Expenses 8361,0641,1891,2951,497
Operating Profit 297298365359360
OPM % 26%22%23%22%19%
Other Income 11-6273442
Interest 417352423
Depreciation 4247596273
Profit before tax 262228297306306
Tax % 23%16%28%26%
Net Profit 202192213228219
EPS in Rs 15.7516.7116.04
Dividend Payout % 0%0%33%18%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2022-20232023-20242024-2025
YoY Net Profit Growth (%)-4.95%10.94%7.04%
Change in YoY Net Profit Growth (%)0.00%15.89%-3.90%

NIIT Learning Systems Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 3 years from 2022-2023 to 2024-2025.

Growth

Last Updated: September 5, 2025, 11:40 am

Balance Sheet

Last Updated: December 4, 2025, 1:43 am

MonthMar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 11627272727
Reserves 4307439501,1831,308
Borrowings 12129132103260
Other Liabilities 390806919874974
Total Liabilities 9471,7052,0292,1862,569
Fixed Assets 119597613629848
CWIP 21226100
Investments 99283378425485
Other Assets 7268141,0121,1231,236
Total Assets 9471,7052,0292,1862,569

Reserves and Borrowings Chart

Cash Flow

MonthMar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 277153279247
Cash from Investing Activity + -62-250-181-122
Cash from Financing Activity + -94100-69-73
Net Cash Flow 12132853
Free Cash Flow 258113232200
CFO/OP 109%72%96%91%

Free Cash Flow

MonthMar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow285.00169.00233.00256.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 45585356
Inventory Days
Days Payable
Cash Conversion Cycle 45585356
Working Capital Days -17-34-25-8
ROCE %36%34%28%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 34.84%34.72%34.63%34.57%34.52%34.49%34.45%34.35%34.21%34.19%
FIIs 18.90%17.75%18.22%18.27%17.66%17.63%17.56%17.48%17.43%17.13%
DIIs 15.83%16.37%17.77%17.31%18.72%21.53%21.88%22.15%23.73%24.27%
Government 0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public 30.42%31.15%29.37%29.84%29.08%26.34%26.11%25.99%24.61%24.40%
No. of Shareholders 84,54683,59276,26075,93673,30872,05071,43472,81971,58169,625

Shareholding Pattern Chart

No. of Shareholders

NIIT Learning Systems Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 12,204,308 0.74 484.3911,320,2402025-10-17 01:23:027.81%
SBI Innovative Opportunities Fund 3,549,899 2.66 140.93,886,6782026-02-22 05:49:13-8.66%
UTI Small Cap Fund 1,741,646 1.52 69.131,657,3352025-12-14 06:14:595.09%
UTI Large & Mid Cap Fund 1,671,255 1.18 66.331,630,2922025-12-14 02:30:032.51%
UTI Aggressive Hybrid Fund 1,644,646 0.98 65.281,600,9702025-12-14 06:14:592.73%
ICICI Prudential Technology Fund 1,173,232 0.3 46.57859,6582025-10-17 00:52:0136.48%
SBI Technology Opportunities Fund 800,000 0.63 31.751,091,4562026-01-25 01:31:06-26.7%
UTI Retirement Fund 690,837 0.58 27.42N/AN/AN/A
UTI Balance Advantage Fund 450,221 0.57 17.87N/AN/AN/A
ICICI Prudential ESG Exclusionary Strategy Fund 354,270 0.99 14.06600,7162026-02-22 05:49:13-41.03%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22
FaceValue 2.002.002.0010.00
Basic EPS (Rs.) 16.7515.8214.3117.48
Diluted EPS (Rs.) 16.1515.2213.9717.48
Cash EPS (Rs.) 21.2620.1217.7921.14
Book Value[Excl.RevalReserv]/Share (Rs.) 88.8872.1957.2447.18
Book Value[Incl.RevalReserv]/Share (Rs.) 88.8872.1957.2447.18
Revenue From Operations / Share (Rs.) 121.45114.74101.2097.98
PBDIT / Share (Rs.) 29.4029.1122.8226.44
PBIT / Share (Rs.) 24.8524.7419.3222.78
PBT / Share (Rs.) 22.5121.9416.9822.69
Net Profit / Share (Rs.) 16.7115.7514.2817.48
NP After MI And SOA / Share (Rs.) 16.7115.7514.2817.48
PBDIT Margin (%) 24.2025.3722.5526.98
PBIT Margin (%) 20.4621.5619.0923.25
PBT Margin (%) 18.5319.1216.7723.15
Net Profit Margin (%) 13.7613.7214.1117.84
NP After MI And SOA Margin (%) 13.7613.7214.1117.84
Return on Networth / Equity (%) 18.8021.8124.9537.06
Return on Capital Employeed (%) 24.1627.1424.1348.08
Return On Assets (%) 10.3910.4811.2621.30
Long Term Debt / Equity (X) 0.030.060.110.00
Total Debt / Equity (X) 0.050.090.150.01
Asset Turnover Ratio (%) 0.780.830.520.00
Current Ratio (X) 1.881.661.692.00
Quick Ratio (X) 1.881.661.692.00
Inventory Turnover Ratio (X) 20537.440.000.000.00
Dividend Payout Ratio (NP) (%) 16.4115.790.0036.80
Dividend Payout Ratio (CP) (%) 12.9012.360.0030.43
Earning Retention Ratio (%) 83.5984.210.0063.20
Cash Earning Retention Ratio (%) 87.1087.640.0069.57
Interest Coverage Ratio (X) 19.2112.0523.81293.24
Interest Coverage Ratio (Post Tax) (X) 12.467.6817.35194.94
Enterprise Value (Cr.) 5295.016649.850.000.00
EV / Net Operating Revenue (X) 3.204.280.000.00
EV / EBITDA (X) 13.2316.870.000.00
MarketCap / Net Operating Revenue (X) 3.374.400.000.00
Retention Ratios (%) 83.5884.200.0063.19
Price / BV (X) 4.607.000.000.00
Price / Net Operating Revenue (X) 3.374.400.000.00
EarningsYield 0.040.030.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

NIIT Learning Systems Ltd. is a Public Limited Listed company incorporated on 16/07/2001 and has its registered office in the State of Haryana, India. Company's Corporate Identification Number(CIN) is L72200HR2001PLC099478 and registration number is 099478. Currently Company is involved in the business activities of Other education. Company's Total Operating Revenue is Rs. 483.48 Cr. and Equity Capital is Rs. 27.23 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Education - Coaching/Study Material/OthersPlot No. 85 Sector 32, Gurugram Haryana 122001Contact not found
Management
NamePosition Held
Mr. Rajendra Singh PawarChairman
Mr. Vijay Kumar ThadaniVice Chairman & Mng.Director
Mr. Sapnesh Kumar LallaExecutive Director & CEO
Mr. Leher Vijay ThadaniNon Exe.Non Ind.Director
Dr. Parthasarathy Vankipuram SrinivasaInd. Non-Executive Director
Mr. Ravindra Babu GarkipatiInd. Non-Executive Director
Mr. Ravinder SinghInd. Non-Executive Director
Mrs. Sangita SinghInd. Non-Executive Director

FAQ

What is the intrinsic value of NIIT Learning Systems Ltd and is it undervalued?

As of 19 April 2026, NIIT Learning Systems Ltd's intrinsic value is ₹218.08, which is 20.12% lower than the current market price of ₹273.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (21.5 %), book value (₹97.4), dividend yield (1.10 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of NIIT Learning Systems Ltd?

NIIT Learning Systems Ltd is trading at ₹273.00 as of 19 April 2026, with a FY2026-2027 high of ₹444 and low of ₹260. The stock is currently near its 52-week low. Market cap stands at ₹3,749 Cr..

How does NIIT Learning Systems Ltd's P/E ratio compare to its industry?

NIIT Learning Systems Ltd has a P/E ratio of 17.0, which is below the industry average of 150.73. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is NIIT Learning Systems Ltd financially healthy?

Key indicators for NIIT Learning Systems Ltd: ROCE of 28.2 % indicates efficient capital utilization; ROE of 21.5 % shows strong shareholder returns. Dividend yield is 1.10 %.

Is NIIT Learning Systems Ltd profitable and how is the profit trend?

NIIT Learning Systems Ltd reported a net profit of ₹228 Cr in Mar 2025 on revenue of ₹1,653 Cr. Compared to ₹202 Cr in Mar 2022, the net profit shows an improving trend.

Does NIIT Learning Systems Ltd pay dividends?

NIIT Learning Systems Ltd has a dividend yield of 1.10 % at the current price of ₹273.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in NIIT Learning Systems Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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