Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 3:57 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 533287 | NSE: ZEELEARN

Zee Learn Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹3.67Overvalued by 21.91%vs CMP ₹4.70

P/E (7.9) × ROE (9.7%) × BV (₹5.86) × DY (2.00%)

₹7.51Undervalued by 59.79%vs CMP ₹4.70
MoS: +37.4% (Strong)Confidence: 50/100 (Moderate)Models: 5 Under, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹3.9231%Over (-16.6%)
Graham NumberEarnings₹6.3919%Under (+36%)
Net Asset ValueAssets₹5.8610%Under (+24.7%)
EV/EBITDAEnterprise₹21.0913%Under (+348.7%)
Earnings YieldEarnings₹3.1010%Over (-34%)
ROCE CapitalReturns₹7.0510%Under (+50%)
Revenue MultipleRevenue₹11.358%Under (+141.5%)
Consensus (7 models)₹7.51100%Undervalued
Key Drivers: Wide model spread (₹3–₹21) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 6.8%

*Investments are subject to market risks

Investment Snapshot

57
Zee Learn Ltd scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health43/100 · Moderate
ROCE 15.4% GoodROE 9.7% AverageD/E 0.64 ModerateInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 15.0% Stable
Earnings Quality65/100 · Strong
OPM expanding (15% → 28%) Improving
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +28% YoY AcceleratingProfit (4Q): -94% YoY Declining
Industry Rank70/100 · Strong
P/E 7.9 vs industry 150.7 Cheaper than peersROCE 15.4% vs industry 12.8% Above peersROE 9.7% vs industry 24.8% Below peers3Y sales CAGR: 14% 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, 3:57 am

Market Cap 154 Cr.
Current Price 4.70
Intrinsic Value₹3.92
High / Low 11.2/4.17
Stock P/E7.90
Book Value 5.86
Dividend Yield0.00 %
ROCE15.4 %
ROE9.71 %
Face Value 1.00
PEG Ratio1.16

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

View Share Price Target for Zee Learn Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Zee Learn Ltd 154 Cr. 4.70 11.2/4.177.90 5.860.00 %15.4 %9.71 % 1.00
CP Capital Limited 151 Cr. 83.1 270/67.43.60 3033.61 %9.83 %7.30 % 10.0
Golden Crest Education & Services Ltd 168 Cr. 320 560/2251,198 20.80.00 %2.05 %1.49 % 10.0
CL Educate Ltd 252 Cr. 46.5 121/35.5 50.80.00 %2.93 %2.41 % 5.00
Global Education Ltd 487 Cr. 95.8 112/41.622.8 22.71.57 %35.9 %26.7 % 2.00
Industry Average779.29 Cr65.57150.7368.790.57%12.81%24.78%5.06

All Competitor Stocks of Zee Learn Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 54.73111.03105.6366.4467.73116.4780.3358.1974.74158.68108.3774.2579.67
Expenses 44.55131.3786.3863.0245.4464.9856.5751.6766.2094.1778.6262.0870.93
Operating Profit 10.18-20.3419.253.4222.2951.4923.766.528.5464.5129.7512.178.74
OPM % 18.60%-18.32%18.22%5.15%32.91%44.21%29.58%11.20%11.43%40.65%27.45%16.39%10.97%
Other Income -152.94-256.7910.66-5.28-4.52145.013.776.346.91-12.390.675.333.85
Interest 11.3311.0011.818.9510.9910.0110.868.279.5510.0112.5312.731.39
Depreciation 8.448.306.836.606.454.208.448.489.0010.4811.0010.5710.48
Profit before tax -162.53-296.4311.27-17.410.33182.298.23-3.89-3.1031.636.89-5.800.72
Tax % 0.50%0.40%41.70%5.17%687.88%7.08%55.77%3.86%21.29%46.66%72.42%5.86%468.06%
Net Profit -163.34-297.636.56-18.31-1.94169.383.64-4.03-3.7616.871.90-6.14-2.65
EPS in Rs -4.94-8.740.26-0.500.035.190.11-0.12-0.110.520.06-0.19-0.08

Last Updated: March 3, 2026, 1:44 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 11:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 121128152180269517515257248324356372421
Expenses 10997108121166359346214197293260268306
Operating Profit 1231435910315816943513197103115
OPM % 10%24%29%33%38%31%33%17%20%10%27%28%27%
Other Income 3424332105631-4081464-3
Interest 10152021194759514444423937
Depreciation 791010112864503732243643
Profit before tax -21015327611556-21-4521763333
Tax % 0%0%0%-3%35%27%55%947%1,665%2%12%61%
Net Profit -2101534498325-21-13-4621561310
EPS in Rs -0.060.310.471.041.512.331.34-0.27-0.08-13.604.990.390.31
Dividend Payout % 0%0%0%10%7%4%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)600.00%50.00%126.67%44.12%69.39%-69.88%-184.00%38.10%-3453.85%133.77%-91.67%
Change in YoY Net Profit Growth (%)0.00%-550.00%76.67%-82.55%25.27%-139.27%-114.12%222.10%-3491.94%3587.61%-225.43%

Zee Learn Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:11%
5 Years:-6%
3 Years:14%
TTM:21%
Compounded Profit Growth
10 Years:6%
5 Years:-21%
3 Years:249%
TTM:-51%
Stock Price CAGR
10 Years:-12%
5 Years:-11%
3 Years:5%
1 Year:8%
Return on Equity
10 Years:8%
5 Years:1%
3 Years:5%
Last Year:10%

Last Updated: September 5, 2025, 1:56 pm

Balance Sheet

Last Updated: December 4, 2025, 2:14 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 32323232333333333333333333
Reserves 191202218260321399438432430-13150163159
Borrowings 312372387253257432458444437463360399421
Other Liabilities 747768201326616594563547540542915911
Total Liabilities 6106837057469371,4791,5231,4711,4471,0221,0841,5091,524
Fixed Assets 39941145215361,0011,0701,025987649628615606
CWIP 43244447893845659535353000
Investments 5410614211000066
Other Assets 133140104126303419382394407320456888913
Total Assets 6106837057469371,4791,5231,4711,4471,0221,0841,5091,524

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 553347189249211221262426083
Cash from Investing Activity + -114-83-40-9-227-491514-6-12-6-13
Cash from Financing Activity + 6443-5-173-1527-150-29-37-30-61-63
Net Cash Flow 4-7267-1-13-2200-77
Free Cash Flow -53-425173235-441131262385872
CFO/OP 452%120%115%330%269%32%88%43%143%168%88%105%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-300.00-341.00-344.00-194.00-154.00-274.00-289.00-401.00-386.00-432.00-263.00-296.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 394672101203747130152303940
Inventory Days 2023201111558512123226186168156150
Days Payable 9215593141734407572,2591,2874517485
Cash Conversion Cycle 1492118911533-282-478-1,868-1,049-253121105
Working Capital Days -171-295-92-69-81-80-152-268-361-343-153-107
ROCE %2%4%6%9%16%20%14%4%4%2%16%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 15.05%15.05%15.05%15.05%15.05%15.05%15.01%15.01%15.01%15.01%15.01%15.01%
FIIs 11.41%11.41%10.59%5.99%5.99%5.99%5.98%6.38%6.41%6.45%6.57%6.39%
DIIs 0.01%0.01%0.01%0.01%0.01%0.01%0.03%0.03%0.00%0.00%0.00%0.17%
Public 73.53%73.54%74.34%78.94%78.95%78.94%78.98%78.58%78.58%78.54%78.42%78.44%
No. of Shareholders 1,57,6291,55,9861,51,8471,48,6261,43,4401,41,4941,49,0411,63,2281,68,8491,66,7211,61,3181,58,348

Shareholding Pattern Chart

No. of Shareholders

Zee Learn Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 0.394.99-13.60-0.08-0.27
Diluted EPS (Rs.) 0.394.99-13.60-0.08-0.27
Cash EPS (Rs.) 1.505.51-13.170.720.88
Book Value[Excl.RevalReserv]/Share (Rs.) 6.005.604.3218.4718.84
Book Value[Incl.RevalReserv]/Share (Rs.) 6.005.604.3218.4718.84
Revenue From Operations / Share (Rs.) 11.3710.939.947.607.88
PBDIT / Share (Rs.) 3.793.631.402.513.05
PBIT / Share (Rs.) 2.682.890.411.381.52
PBT / Share (Rs.) 1.015.41-13.860.02-0.06
Net Profit / Share (Rs.) 0.384.77-14.16-0.40-0.64
NP After MI And SOA / Share (Rs.) 0.384.99-13.60-0.08-0.26
PBDIT Margin (%) 33.3233.2214.0332.9938.66
PBIT Margin (%) 23.5326.464.1318.1819.24
PBT Margin (%) 8.8349.53-139.400.33-0.78
Net Profit Margin (%) 3.4243.70-142.39-5.30-8.22
NP After MI And SOA Margin (%) 3.4245.68-136.78-1.09-3.41
Return on Networth / Equity (%) 6.4889.09-2304.89-0.58-1.89
Return on Capital Employeed (%) 13.8516.312.254.344.52
Return On Assets (%) 0.8415.01-43.31-0.18-0.59
Long Term Debt / Equity (X) 1.281.1812.910.490.53
Total Debt / Equity (X) 1.811.8021.880.860.64
Asset Turnover Ratio (%) 0.280.330.260.090.07
Current Ratio (X) 0.910.740.370.470.53
Quick Ratio (X) 0.880.690.310.460.50
Inventory Turnover Ratio (X) 13.960.000.000.000.00
Interest Coverage Ratio (X) 3.202.831.041.851.93
Interest Coverage Ratio (Post Tax) (X) 1.741.760.080.700.58
Enterprise Value (Cr.) 505.32506.02614.19913.24774.99
EV / Net Operating Revenue (X) 1.361.421.893.683.01
EV / EBITDA (X) 4.084.2813.5011.177.79
MarketCap / Net Operating Revenue (X) 0.480.550.321.641.32
Price / BV (X) 0.911.095.540.870.72
Price / Net Operating Revenue (X) 0.480.550.321.641.32
EarningsYield 0.070.81-4.16-0.01-0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 273.84 Cr. and Equity Capital is Rs. 32.71 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Education - Coaching/Study Material/OthersContinental Building, Mumbai Maharashtra 400018Contact not found
Management
NamePosition Held
Mr. Manish RastogiWholeTime Director & CEO
Mr. Surender SinghNon Executive Director
Mr. Parag AgarawalIndependent Director
Mr. Dattatraya KelkarIndependent Director
Mr. Karunn KandoiIndependent Director
Ms. Nanette D'saIndependent Woman Director

FAQ

What is the intrinsic value of Zee Learn Ltd and is it undervalued?

As of 03 April 2026, Zee Learn Ltd's intrinsic value is ₹7.51, which is 59.79% higher than the current market price of ₹4.70, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (9.71 %), book value (₹5.86), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Zee Learn Ltd?

Zee Learn Ltd is trading at ₹4.70 as of 03 April 2026, with a FY2026-2027 high of ₹11.2 and low of ₹4.17. The stock is currently near its 52-week low. Market cap stands at ₹154 Cr..

How does Zee Learn Ltd's P/E ratio compare to its industry?

Zee Learn Ltd has a P/E ratio of 7.90, 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 Zee Learn Ltd financially healthy?

Key indicators for Zee Learn Ltd: ROCE of 15.4 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Is Zee Learn Ltd profitable and how is the profit trend?

Zee Learn Ltd reported a net profit of ₹13 Cr in Mar 2025 on revenue of ₹372 Cr. Compared to ₹-13 Cr in Mar 2022, the net profit shows an improving trend.

Does Zee Learn Ltd pay dividends?

Zee Learn Ltd has a dividend yield of 0.00 % at the current price of ₹4.70. The company is currently not paying meaningful dividends.

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 Zee Learn 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
Explore Industry-wise Stock Analysis Reports