NIIT Learning Systems Limited
₹160.05-₹28.95 (-15.3%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹5,719 Cr
- P/E
- 45.2x
- EV / EBITDA
- 39.1x
- Revenue
- ₹483 Cr
- Net margin
- 25.5%
- ROCE
- 8.3%
Price chart
Technical chartScreen technicals →-51.1% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -22.0%
- 3M
- -33.3%
- 6M
- -48.4%
- 1Y
- -51.1%
- 5Y
- -55.3%
52-week range
Day change -₹28.95 (-15.3%) from ₹189 to ₹160 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in NIITMTS, bought on each weekday since 2023.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 74.1%
Concerns1
- Other income is 76.6% of PBT — a large share of earnings is non-operating
Rule-based from financial data. Not advice.
About the company
NIIT Learning Systems Limited provides managed training services in India, the United States, Europe, and internationally. Its managed training services include custom content and curriculum design, learning administration and delivery, strategic sourcing, learning technology, and learning and development (L&D) consulting services.
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NIIT Learning Systems Limited provides managed training services in India, the United States, Europe, and internationally. Its managed training services include custom content and curriculum design, learning administration and delivery, strategic sourcing, learning technology, and learning and development (L&D) consulting services. The company also offers specialized learning solutions, such as AI-powered L&D transformation, digital and IT training, immersive learning, customer education, talent pipeline as a service, and HCM technology and consulting services, as well as leadership and professional development training services; and generative artificial intelligence learning services. It serves technology and telecom; consulting and professional service; life sciences and healthcare; energy and commodities; aerospace and aviation; banking and financial service; manufacturing and industrial; consumer products and retail; insurance; humanitarian and NGO; real estate; and automotive industries. The company was formerly known as Mindchampion Learning Systems Limited and changed its name to NIIT Learning Systems Limited in January 2022. NIIT Learning Systems Limited was founded in 1981 and is based in Gurugram, India.
- Sector
- Education
- Shares outstanding
- 13.6 Cr shares
- ISIN
- INE342G01023
- BSE code
- 543952
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹5,719 Cr
- P/E
- 45.2x
- P/B
- 7.6x
- EV / EBITDA
- 39.1x
- EV / Sales
- 14.3x
- P/S
- 14.3x
- Earnings yield
- 2.2%
- 52-week high
- ₹435.70
- 52-week low
- ₹160.05
Profitability
- Operating margin
- 12.8%
- Net margin
- 25.5%
- EBITDA margin
- 36.5%
- ROE
- 17.5%
- ROCE
- 8.3%
- ROA
- 14.1%
- Dividend payout
- 70.0%
- Tax rate
- 18.0%
- Other income, % of PBT
- 76.6%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹483 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 20.8%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 74.1%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹146 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 35.2%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 26.5%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹85.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 32.8%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹9.00 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 19.9%
Solvency and efficiency
- Current ratio
- 5.62
- Debt / Equity
- 0.05
- Debt / Assets
- 0.04
- Debt / EBITDA
- 0.20
- Interest coverage
- 17.00
- Financial leverage
- 1.24
- CFO / Net profit
- 0.83
- Cash / Market cap
- 3.5%
- Cash per share
- ₹14.51
- Asset turnover
- 0.55
- Fixed asset turnover
- 5.00
- Capital intensity
- 0.20
- Debtor days
- 78 days
- Cash conversion cycle
- 78 days
Where the revenue went
Some FY2025 lines are not reported, so the ones that are appear as a table.
| Line | FY2025 |
|---|---|
| Sales | ₹483 Cr |
| Expenses | ₹407 Cr |
| Operating profit | ₹76 Cr |
| Other income | ₹112 Cr |
| Interest | ₹4 Cr |
| Depreciation | ₹30 Cr |
| Profit before tax | ₹155 Cr |
| Tax and other | ₹26 Cr |
| Net profit | ₹129 Cr |
Revenue and net profit
Revenue grew 20.8% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹13 Cr | -₹16 Cr |
| FY2022 | ₹329 Cr | ₹58 Cr |
| FY2023 | ₹404 Cr | ₹99 Cr |
| FY2024 | ₹400 Cr | ₹102 Cr |
| FY2025 | ₹483 Cr | ₹129 Cr |
Cash flows
FY2025: ₹84.0 Cr from operations, ₹27.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | -₹10 Cr | -₹15 Cr |
| FY2022 | ₹51 Cr | -₹1 Cr |
| FY2023 | ₹64 Cr | ₹1 Cr |
| FY2024 | ₹85 Cr | ₹41 Cr |
| FY2025 | ₹84 Cr | ₹27 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹483 Cr+20.8%1Y
- Net profit
- ₹129 Cr+26.5%1Y
- Cash from operations
- ₹84 Cr
- Free cash flow
- ₹27 Cr-34.1%1Y
- Revenue CAGR, 5Y
- 74.1%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹483 Cr | ₹76 Cr | — | ₹129 Cr | ₹84 Cr | ₹27 Cr | 18.4% | +20.8% | +26.5% |
Monthly returns
Month-by-month returns of NIITMTS across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹852 Cr |
| Equity capital | ₹27 Cr |
| Reserves | ₹674 Cr |
| Borrowings | ₹26 Cr |
| Other liabilities | ₹125 Cr |
| Assets | ₹852 Cr |
| Fixed assets | ₹109 Cr |
| Capital work in progress | ₹10 Cr |
| Investments | ₹472 Cr |
| Other assets | ₹261 Cr |
Market cap against peers
2 peers: same sector group, nearest by size.
P/E against peers
NIITMTS trades at 45.2x earnings against a peer median of 38.2x (a 18% premium).
Not shown (no positive earnings and no EV / Sales): Physicswallah Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| NIIT Learning Systems LimitedNIITMTSthis companyP/E ↑ premium | ₹5,719 Cr | 45.2x | 7.6x | 17.5% | 39.1x |
| Physicswallah LimitedPWL | ₹36,744 Cr | — | — | 124.5% | -45.2x |
| CRIZAC LIMITEDCRIZAC | ₹4,522 Cr | 31.2x | 7.3x | 46.0% | 16.6x |
| Peer median | — | 38.2x | 7.5x | 46.0% | 27.9x |
Year-to-date ROI
NIITMTS since 1 January, against earlier years.
Historical volatility
NIITMTS's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | -83.0% |
| FY2022 | 12.0% |
| FY2023 | 14.0% |
| FY2024 | 13.0% |
| FY2025 | 16.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹483 Cr |
| Costs | |
| Interest | ₹4 Cr |
| Expenses | ₹407 Cr |
| Operating profitOperating Profit | ₹76 Cr |
| Other income and charges | |
| Profit before tax | ₹155 Cr |
| Tax | |
| Net profitNet Profit | ₹129 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹852 Cr |
| Equity capitalEquity Capital | ₹27 Cr |
| Reserves | ₹674 Cr |
| Borrowings | ₹26 Cr |
| Other liabilitiesOther Liabilities | ₹125 Cr |
| AssetsTotal Assets | ₹852 Cr |
| Fixed assetsFixed Assets | ₹109 Cr |
| Capital work in progressCWIP | ₹10 Cr |
| Investments | ₹472 Cr |
| Other assetsOther Assets | ₹261 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹84 Cr |
| Investing cash flowCash from Investing Activity | -₹57 Cr |
| Financing cash flowCash from Financing Activity | -₹37 Cr |
| Change in cashNet Cash Flow | -₹9 Cr |
Learn while you research
Academy chapters picked for NIIT Learning Systems Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 45.2, learn when high multiples are justified.6 min read
- 04 Growth Investing21% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 06 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read