Zee Learn Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 2, 2025, 8:52 pm

Market Cap	194 Cr.
Current Price	5.99
High / Low	11.5/4.57
Stock P/E	5.31
Book Value	5.58
Dividend Yield	0.00 %
ROCE	16.4 %
ROE	45.6 %
Face Value	1.00
PEG Ratio	0.12

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Zee Learn Ltd

Competitors of Zee Learn Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
IEC Education Ltd	27.1 Cr.	17.7	39.5/1.69		19.7	0.00 %	1.88 %	2.00 %	10.0
Humming Bird Education Ltd	57.6 Cr.	94.0	120/43.8	103	4.46	0.00 %	5.80 %	2.11 %	1.00
Golden Crest Education & Services Ltd	282 Cr.	537	869/69.5	1,043	20.6	0.00 %	0.85 %	0.66 %	10.0
DSJ Keep Learning Ltd	46.3 Cr.	2.91	7.53/2.32	105	0.45	0.00 %	23.0 %	221 %	1.00
Ascensive Educare Ltd	73.1 Cr.	17.9	17.9/5.02	57.1	3.32	%	18.7 %	13.6 %
Industry Average	412.83 Cr	92.24		152.23	66.70	0.49%	11.51%	29.65%	5.57

All Competitor Stocks of Zee Learn Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	51.94	77.58	85.92	72.49	54.73	111.03	105.63	66.44	67.73	116.47	80.33	58.19	74.74
Expenses	43.22	70.99	67.93	55.06	44.55	131.37	86.38	63.02	45.44	64.98	56.57	51.67	66.20
Operating Profit	8.72	6.59	17.99	17.43	10.18	-20.34	19.25	3.42	22.29	51.49	23.76	6.52	8.54
OPM %	16.79%	8.49%	20.94%	24.04%	18.60%	-18.32%	18.22%	5.15%	32.91%	44.21%	29.58%	11.20%	11.43%
Other Income	4.66	14.06	5.16	3.03	-152.94	-256.79	10.66	-5.28	-4.52	145.01	3.77	6.34	6.91
Interest	10.01	11.91	10.54	10.68	11.33	11.00	11.81	8.95	10.99	10.01	10.86	8.27	9.55
Depreciation	9.99	6.47	7.77	7.58	8.44	8.30	6.83	6.60	6.45	4.20	8.44	8.48	9.00
Profit before tax	-6.62	2.27	4.84	2.20	-162.53	-296.43	11.27	-17.41	0.33	182.29	8.23	-3.89	-3.10
Tax %	33.53%	323.35%	109.30%	108.18%	0.50%	0.40%	41.70%	5.17%	687.88%	7.08%	55.77%	3.86%	21.29%
Net Profit	-8.83	-5.06	-0.45	-0.18	-163.34	-297.63	6.56	-18.31	-1.94	169.38	3.64	-4.03	-3.76
EPS in Rs	-0.15	0.00	0.01	0.07	-4.94	-8.74	0.26	-0.50	0.03	5.19	0.11	-0.12	-0.11

Last Updated: February 28, 2025, 4:05 pm

Below is a detailed analysis of the quarterly data for Zee Learn Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹74.74 Cr.. The value appears strong and on an upward trend. It has increased from 58.19 Cr. (Sep 2024) to ₹74.74 Cr., marking an increase of 16.55 Cr..
For Expenses, as of Dec 2024, the value is ₹66.20 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 51.67 Cr. (Sep 2024) to ₹66.20 Cr., marking an increase of 14.53 Cr..
For Operating Profit, as of Dec 2024, the value is ₹8.54 Cr.. The value appears strong and on an upward trend. It has increased from 6.52 Cr. (Sep 2024) to ₹8.54 Cr., marking an increase of 2.02 Cr..
For OPM %, as of Dec 2024, the value is 11.43%. The value appears strong and on an upward trend. It has increased from 11.20% (Sep 2024) to 11.43%, marking an increase of 0.23%.
For Other Income, as of Dec 2024, the value is ₹6.91 Cr.. The value appears strong and on an upward trend. It has increased from 6.34 Cr. (Sep 2024) to ₹6.91 Cr., marking an increase of 0.57 Cr..
For Interest, as of Dec 2024, the value is ₹9.55 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 8.27 Cr. (Sep 2024) to ₹9.55 Cr., marking an increase of 1.28 Cr..
For Depreciation, as of Dec 2024, the value is ₹9.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 8.48 Cr. (Sep 2024) to ₹9.00 Cr., marking an increase of 0.52 Cr..
For Profit before tax, as of Dec 2024, the value is ₹-3.10 Cr.. The value appears strong and on an upward trend. It has increased from -3.89 Cr. (Sep 2024) to ₹-3.10 Cr., marking an increase of 0.79 Cr..
For Tax %, as of Dec 2024, the value is 21.29%. The value appears to be increasing, which may not be favorable. It has increased from 3.86% (Sep 2024) to 21.29%, marking an increase of 17.43%.
For Net Profit, as of Dec 2024, the value is ₹-3.76 Cr.. The value appears strong and on an upward trend. It has increased from -4.03 Cr. (Sep 2024) to ₹-3.76 Cr., marking an increase of 0.27 Cr..
For EPS in Rs, as of Dec 2024, the value is -0.11. The value appears strong and on an upward trend. It has increased from -0.12 (Sep 2024) to -0.11, marking an increase of 0.01.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 2:21 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	101	121	128	152	180	269	517	515	257	248	324	356	330
Expenses	109	109	97	108	121	166	359	346	214	197	293	260	239
Operating Profit	-8	12	31	43	59	103	158	169	43	51	31	97	90
OPM %	-8%	10%	24%	29%	33%	38%	31%	33%	17%	20%	10%	27%	27%
Other Income	1	3	4	2	4	3	32	10	56	31	-408	146	162
Interest	6	10	15	20	21	19	47	59	51	44	44	42	39
Depreciation	7	7	9	10	10	11	28	64	50	37	32	24	30
Profit before tax	-20	-2	10	15	32	76	115	56	-2	1	-452	176	184
Tax %	7%	-0%	-0%	-0%	-3%	35%	27%	55%	947%	1,665%	2%	12%
Net Profit	-21	-2	10	15	34	49	83	25	-21	-13	-462	156	165
EPS in Rs	-0.81	-0.06	0.31	0.47	1.04	1.51	2.33	1.34	-0.27	-0.08	-13.60	4.99	5.07
Dividend Payout %	-0%	-0%	-0%	-0%	10%	7%	4%	-0%	-0%	-0%	-0%	-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	90.48%	600.00%	50.00%	126.67%	44.12%	69.39%	-69.88%	-184.00%	38.10%	-3453.85%	133.77%
Change in YoY Net Profit Growth (%)	0.00%	509.52%	-550.00%	76.67%	-82.55%	25.27%	-139.27%	-114.12%	222.10%	-3491.94%	3587.61%

Zee Learn Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	11%
5 Years:	-7%
3 Years:	11%
TTM:	-6%

Compounded Profit Growth
10 Years:	41%
5 Years:	-10%
3 Years:	90%
TTM:	208%

Stock Price CAGR
10 Years:	-16%
5 Years:	-12%
3 Years:	-24%
1 Year:	-9%

Return on Equity
10 Years:	7%
5 Years:	2%
3 Years:	0%
Last Year:	46%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:32 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	26	32	32	32	32	33	33	33	33	33	33	33	33
Reserves	93	191	202	218	260	321	399	438	432	430	-13	150	150
Borrowings	347	312	372	387	253	257	432	458	444	437	463	360	372
Other Liabilities	62	74	77	68	201	326	616	594	563	547	540	542	884
Total Liabilities	529	610	683	705	746	937	1,479	1,523	1,471	1,447	1,022	1,084	1,438
Fixed Assets	29	39	94	114	521	536	1,001	1,070	1,025	987	649	628	616
CWIP	302	432	444	478	93	84	56	59	53	53	53	0	0
Investments	0	5	4	10	6	14	2	11	0	0	0	0	0
Other Assets	198	133	140	104	126	303	419	382	394	407	320	456	822
Total Assets	529	610	683	705	746	937	1,479	1,523	1,471	1,447	1,022	1,084	1,438

Below is a detailed analysis of the balance sheet data for Zee Learn Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹33.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 33.00 Cr..
For Reserves, as of Sep 2024, the value is ₹150.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 150.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹372.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from 360.00 Cr. (Mar 2024) to ₹372.00 Cr., marking an increase of 12.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹884.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 542.00 Cr. (Mar 2024) to ₹884.00 Cr., marking an increase of 342.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹1,438.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,084.00 Cr. (Mar 2024) to ₹1,438.00 Cr., marking an increase of 354.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹616.00 Cr.. The value appears to be declining and may need further review. It has decreased from 628.00 Cr. (Mar 2024) to ₹616.00 Cr., marking a decrease of 12.00 Cr..
For CWIP, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Investments, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹822.00 Cr.. The value appears strong and on an upward trend. It has increased from 456.00 Cr. (Mar 2024) to ₹822.00 Cr., marking an increase of 366.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹1,438.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,084.00 Cr. (Mar 2024) to ₹1,438.00 Cr., marking an increase of 354.00 Cr..

However, the Borrowings (372.00 Cr.) are higher than the Reserves (₹150.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-5	55	33	47	189	249	21	122	12	62	42	50
Cash from Investing Activity +	-166	-114	-83	-40	-9	-227	-49	15	14	-6	-12	-6
Cash from Financing Activity +	172	64	43	-5	-173	-15	27	-150	-29	-37	-30	-51
Net Cash Flow	1	4	-7	2	6	7	-1	-13	-2	20	0	-7

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-355.00	-300.00	-341.00	-344.00	-194.00	-154.00	-274.00	-289.00	-401.00	-386.00	-432.00	-263.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	38	39	46	72	101	20	37	47	130	152	30	39
Inventory Days	112	202	320	111	155	85	121	232	261	86	168	156
Days Payable	103	92	155	93	141	73	440	757	2,259	1,287	451	74
Cash Conversion Cycle	47	149	211	89	115	33	-282	-478	-1,868	-1,049	-253	121
Working Capital Days	-492	-171	-198	-31	-46	-63	-49	-105	-53	-101	-144	-34
ROCE %	-4%	2%	4%	6%	9%	16%	20%	14%	4%	4%	2%	16%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	18.62%	15.05%	15.05%	15.05%	15.05%	15.05%	15.05%	15.05%	15.05%	15.05%	15.01%	15.01%
FIIs	15.15%	12.32%	12.32%	12.32%	11.41%	11.41%	10.59%	5.99%	5.99%	5.99%	5.98%	6.38%
DIIs	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.03%	0.03%
Government	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	66.21%	72.62%	72.63%	72.62%	73.53%	73.54%	74.34%	78.94%	78.95%	78.94%	78.98%	78.58%
No. of Shareholders	1,54,551	1,64,631	1,62,072	1,58,523	1,57,629	1,55,986	1,51,847	1,48,626	1,43,440	1,41,494	1,49,041	1,63,228

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	4.99	-13.60	-0.08	-0.27	1.34
Diluted EPS (Rs.)	4.99	-13.60	-0.08	-0.27	1.34
Cash EPS (Rs.)	5.51	-13.17	0.72	0.88	2.74
Book Value[Excl.RevalReserv]/Share (Rs.)	5.60	4.32	18.47	18.84	19.41
Book Value[Incl.RevalReserv]/Share (Rs.)	5.60	4.32	18.47	18.84	19.41
Revenue From Operations / Share (Rs.)	10.93	9.94	7.60	7.88	15.79
PBDIT / Share (Rs.)	3.63	1.40	2.51	3.05	6.44
PBIT / Share (Rs.)	2.89	0.41	1.38	1.52	4.47
PBT / Share (Rs.)	5.41	-13.86	0.02	-0.06	1.71
Net Profit / Share (Rs.)	4.77	-14.16	-0.40	-0.64	0.77
NP After MI And SOA / Share (Rs.)	4.99	-13.60	-0.08	-0.26	1.34
PBDIT Margin (%)	33.22	14.03	32.99	38.66	40.77
PBIT Margin (%)	26.46	4.13	18.18	19.24	28.32
PBT Margin (%)	49.53	-139.40	0.33	-0.78	10.80
Net Profit Margin (%)	43.70	-142.39	-5.30	-8.22	4.87
NP After MI And SOA Margin (%)	45.68	-136.78	-1.09	-3.41	8.48
Return on Networth / Equity (%)	89.09	-2304.89	-0.58	-1.89	9.28
Return on Capital Employeed (%)	16.31	2.25	4.34	4.52	12.41
Return On Assets (%)	15.01	-43.31	-0.18	-0.59	2.86
Long Term Debt / Equity (X)	1.18	12.91	0.49	0.53	0.58
Total Debt / Equity (X)	1.80	21.88	0.86	0.64	0.67
Asset Turnover Ratio (%)	0.33	0.26	0.09	0.07	0.16
Current Ratio (X)	0.74	0.37	0.47	0.53	0.45
Quick Ratio (X)	0.69	0.31	0.46	0.50	0.40
Interest Coverage Ratio (X)	2.83	1.04	1.85	1.93	3.56
Interest Coverage Ratio (Post Tax) (X)	1.76	0.08	0.70	0.58	1.95
Enterprise Value (Cr.)	506.02	614.19	913.24	774.99	862.59
EV / Net Operating Revenue (X)	1.42	1.89	3.68	3.01	1.68
EV / EBITDA (X)	4.28	13.50	11.17	7.79	4.11
MarketCap / Net Operating Revenue (X)	0.55	0.32	1.64	1.32	0.77
Price / BV (X)	1.09	5.54	0.87	0.72	0.84
Price / Net Operating Revenue (X)	0.55	0.32	1.64	1.32	0.77
EarningsYield	0.81	-4.16	-0.01	-0.02	0.10

After reviewing the key financial ratios for Zee Learn Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 4.99. This value is below the healthy minimum of 5. It has increased from -13.60 (Mar 23) to 4.99, marking an increase of 18.59.
For Diluted EPS (Rs.), as of Mar 24, the value is 4.99. This value is below the healthy minimum of 5. It has increased from -13.60 (Mar 23) to 4.99, marking an increase of 18.59.
For Cash EPS (Rs.), as of Mar 24, the value is 5.51. This value is within the healthy range. It has increased from -13.17 (Mar 23) to 5.51, marking an increase of 18.68.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 5.60. It has increased from 4.32 (Mar 23) to 5.60, marking an increase of 1.28.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 5.60. It has increased from 4.32 (Mar 23) to 5.60, marking an increase of 1.28.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 10.93. It has increased from 9.94 (Mar 23) to 10.93, marking an increase of 0.99.
For PBDIT / Share (Rs.), as of Mar 24, the value is 3.63. This value is within the healthy range. It has increased from 1.40 (Mar 23) to 3.63, marking an increase of 2.23.
For PBIT / Share (Rs.), as of Mar 24, the value is 2.89. This value is within the healthy range. It has increased from 0.41 (Mar 23) to 2.89, marking an increase of 2.48.
For PBT / Share (Rs.), as of Mar 24, the value is 5.41. This value is within the healthy range. It has increased from -13.86 (Mar 23) to 5.41, marking an increase of 19.27.
For Net Profit / Share (Rs.), as of Mar 24, the value is 4.77. This value is within the healthy range. It has increased from -14.16 (Mar 23) to 4.77, marking an increase of 18.93.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 4.99. This value is within the healthy range. It has increased from -13.60 (Mar 23) to 4.99, marking an increase of 18.59.
For PBDIT Margin (%), as of Mar 24, the value is 33.22. This value is within the healthy range. It has increased from 14.03 (Mar 23) to 33.22, marking an increase of 19.19.
For PBIT Margin (%), as of Mar 24, the value is 26.46. This value exceeds the healthy maximum of 20. It has increased from 4.13 (Mar 23) to 26.46, marking an increase of 22.33.
For PBT Margin (%), as of Mar 24, the value is 49.53. This value is within the healthy range. It has increased from -139.40 (Mar 23) to 49.53, marking an increase of 188.93.
For Net Profit Margin (%), as of Mar 24, the value is 43.70. This value exceeds the healthy maximum of 10. It has increased from -142.39 (Mar 23) to 43.70, marking an increase of 186.09.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 45.68. This value exceeds the healthy maximum of 20. It has increased from -136.78 (Mar 23) to 45.68, marking an increase of 182.46.
For Return on Networth / Equity (%), as of Mar 24, the value is 89.09. This value is within the healthy range. It has increased from -2,304.89 (Mar 23) to 89.09, marking an increase of 2,393.98.
For Return on Capital Employeed (%), as of Mar 24, the value is 16.31. This value is within the healthy range. It has increased from 2.25 (Mar 23) to 16.31, marking an increase of 14.06.
For Return On Assets (%), as of Mar 24, the value is 15.01. This value is within the healthy range. It has increased from -43.31 (Mar 23) to 15.01, marking an increase of 58.32.
For Long Term Debt / Equity (X), as of Mar 24, the value is 1.18. This value exceeds the healthy maximum of 1. It has decreased from 12.91 (Mar 23) to 1.18, marking a decrease of 11.73.
For Total Debt / Equity (X), as of Mar 24, the value is 1.80. This value exceeds the healthy maximum of 1. It has decreased from 21.88 (Mar 23) to 1.80, marking a decrease of 20.08.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.33. It has increased from 0.26 (Mar 23) to 0.33, marking an increase of 0.07.
For Current Ratio (X), as of Mar 24, the value is 0.74. This value is below the healthy minimum of 1.5. It has increased from 0.37 (Mar 23) to 0.74, marking an increase of 0.37.
For Quick Ratio (X), as of Mar 24, the value is 0.69. This value is below the healthy minimum of 1. It has increased from 0.31 (Mar 23) to 0.69, marking an increase of 0.38.
For Interest Coverage Ratio (X), as of Mar 24, the value is 2.83. This value is below the healthy minimum of 3. It has increased from 1.04 (Mar 23) to 2.83, marking an increase of 1.79.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.76. This value is below the healthy minimum of 3. It has increased from 0.08 (Mar 23) to 1.76, marking an increase of 1.68.
For Enterprise Value (Cr.), as of Mar 24, the value is 506.02. It has decreased from 614.19 (Mar 23) to 506.02, marking a decrease of 108.17.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.42. This value is within the healthy range. It has decreased from 1.89 (Mar 23) to 1.42, marking a decrease of 0.47.
For EV / EBITDA (X), as of Mar 24, the value is 4.28. This value is below the healthy minimum of 5. It has decreased from 13.50 (Mar 23) to 4.28, marking a decrease of 9.22.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.55. This value is below the healthy minimum of 1. It has increased from 0.32 (Mar 23) to 0.55, marking an increase of 0.23.
For Price / BV (X), as of Mar 24, the value is 1.09. This value is within the healthy range. It has decreased from 5.54 (Mar 23) to 1.09, marking a decrease of 4.45.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.55. This value is below the healthy minimum of 1. It has increased from 0.32 (Mar 23) to 0.55, marking an increase of 0.23.
For EarningsYield, as of Mar 24, the value is 0.81. This value is below the healthy minimum of 5. It has increased from -4.16 (Mar 23) to 0.81, marking an increase of 4.97.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Zee Learn Ltd as of April 4, 2025 is: 11.03

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 4, 2025, Zee Learn Ltd is Undervalued by 84.14% compared to the current share price 5.99

Intrinsic Value of Zee Learn Ltd as of April 4, 2025 is: 15.96

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 4, 2025, Zee Learn Ltd is Undervalued by 166.44% compared to the current share price 5.99

Last 5 Year EPS CAGR: 44.68%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -123.92, which is a positive sign. The stock has a low average Cash Conversion Cycle of -20.83, which is a positive sign. The company has shown consistent growth in sales (269.08 cr) and profit (14.54 cr) over the years.	The stock has a low average ROCE of 7.75%, which may not be favorable. The company has higher borrowings (376.46) compared to reserves (251.62), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Zee Learn Ltd:
1. Net Profit Margin: 43.7%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 16.31% (Industry Average ROCE: 11.51%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 89.09% (Industry Average ROE: 29.65%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.76
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.69
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 5.31 (Industry average Stock P/E: 152.23)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 1.8
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Zee Learn Ltd. is a Public Limited Listed company incorporated on 04/01/2010 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L80301MH2010PLC198405 and registration number is 198405. Currently company belongs to the Industry of Education - Coaching/Study Material/Others. Company's Total Operating Revenue is Rs. 252.63 Cr. and Equity Capital is Rs. 32.61 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Education - Coaching/Study Material/Others	Continental Building, Mumbai Maharashtra 400018	investor_relations@zeelearn.com http://www.zeelearn.com

Management
Name	Position Held
Mr. Manish Rastogi	WholeTime Director & CEO
Mr. Surender Singh	Non Executive Director
Ms. Nanette D'sa	Independent Woman Director
Mr. Karunn Kandoi	Independent Director
Mr. Roshan Lal Kamboj	Independent Director
Mr. Dattatraya Kelkar	Independent Director

FAQ

What is the intrinsic value of Zee Learn Ltd?

Zee Learn Ltd's intrinsic value (as of 04 April 2025) is ₹11.03 — 84.14% higher the current market price of ₹5.99, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 194 Cr. market cap, FY2025-2026 high/low of ₹11.5/4.57, reserves of 150 Cr, and liabilities of 1,438 Cr.

What is the Market Cap of Zee Learn Ltd?

The Market Cap of Zee Learn Ltd is 194 Cr..

What is the current Stock Price of Zee Learn Ltd as on 04 April 2025?

The current stock price of Zee Learn Ltd as on 04 April 2025 is 5.99.

What is the High / Low of Zee Learn Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Zee Learn Ltd stocks is ₹11.5/4.57.

What is the Stock P/E of Zee Learn Ltd?

The Stock P/E of Zee Learn Ltd is 5.31.

What is the Book Value of Zee Learn Ltd?

The Book Value of Zee Learn Ltd is 5.58.

What is the Dividend Yield of Zee Learn Ltd?

The Dividend Yield of Zee Learn Ltd is 0.00 %.

What is the ROCE of Zee Learn Ltd?

The ROCE of Zee Learn Ltd is 16.4 %.

What is the ROE of Zee Learn Ltd?

The ROE of Zee Learn Ltd is 45.6 %.

What is the Face Value of Zee Learn Ltd?

The Face Value of Zee Learn Ltd is 1.00.