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NIIT Learning Systems Q2 FY27 Share Price & Earnings Call Analysis

₹188.21-3.42% today
Market cap
₹2,600 Cr
P/E
11.32
ROE
15.48%
PEG
18.55
Price to sales
1.25
Debt to equity
0.21
52W high / low
₹437 / ₹184
EBITDA margin
17.90%
Net profit margin
10.91%
Promoter holding
34.17%
Sales (last year)
₹2,066 Cr

NIIT Learning Systems Limited offers Managed Training Services to companies across 30 countries. The NLSL has comprehensive suite of Managed Training Services includes Custom Content and Curriculum Design, Learning Delivery, Learning Administration, Strategic Sourcing, Learning Technology, and L&D consulting services. The company also offers specialized solutions including immersive learning, customer education, talent pipeline as a service, DE&I training, digital and IT training as well as leadership and professional development services.[1]

Guidance scorecard · Q2 FY27 call

What NIIT Learning Systems Ltd's management guided
and where it ranks in Other Consumer Services

#11of 11 in
Other Consumer Services
Revenue0–10%MarginsFlatCapexPlannedFundraisingNone plannedOrder bookRising

RevenueQ1 FY27 call

0–10%
  • The company expects high single-digit revenue growth for the full FY27 year.
  • Q2 revenue growth is anticipated between 9% to 11% year-on-year.
  • Growth in Q2 may be dampened due to the European vacation quarter (July-September), with revival expected in Q3 and flattening in Q4.
  • Long-term growth opportunities are driven by expanding AI-enabled learning solutions and increased outsourcing propensity in corporate training.
  • Revenue visibility improved to USD 462 million, up 19% year-on-year, providing a strong foundation for growth.
  • The addition of long-term annuity contracts and expansion into new segments like automotive, hospitality, and professional associations suggests potential volume growth and client base expansion.

2 more points from NIIT Learning Systems Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what NIIT Learning Systems Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • NIIT Learning Systems is actively investing in AI and AI-related infrastructure build-out.
  • These investments are significant and are a key focus area for capital allocation.
  • The company is also actively evaluating and pursuing acquisitions; three have been completed recently with more in the pipeline.
  • Capital generated has been used effectively for acquisitions and AI investments.
  • No current plan for buyback; the company is following a consistent dividend payment policy.

2 more points from NIIT Learning Systems Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

None planned

See what NIIT Learning Systems Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • Revenue visibility (orderbook) stands at USD 462 million, up 19% year-on-year from USD 388 million a year ago.
  • The company signed three new long-term annuity contracts in the recent quarter, increasing the tally to 113 from 95 a year ago.
  • Pipeline of contracts remains strong with new clients across industries including quantum computing tech, biotech/pharma, and hospitality.
  • Despite winning three annuity deals this quarter, revenue visibility grew less than 1% quarter-on-quarter, due to revenue consumed during the quarter.
  • The company sees significant opportunity to convert existing automotive and industrial clients into long-term annuity clients.

2 more points from NIIT Learning Systems Ltd's call on the order book

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Full Q1 FY27 analysis
Full Other Consumer Services ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Other Consumer Services
on management's own guidance

  1. Physicswallah LtdGood growth
    2
  2. Mach Travel SolutionsGood growth
    1
  3. Vinsys IT Serv.Good growth
    3
See all potential multibaggersWhere does NIIT Learning Systems Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Other Consumer Services companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Mach Travel Solutions20–40%Up 0–2%₹459 Cr22.7
2Physicswallah Ltd20–40%Flat₹38,872 Cr636.1
3Vinsys IT Serv.20–40%Flat₹869 Cr29.2
420–40%Flat₹312 Cr—
520–40%Flat₹277 Cr25.0
620–40%Flat₹65 Cr18.5

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Pro shows every company guiding 40%+ revenue growth →Full Other Consumer Services ranking

NIIT Learning Systems Ltd announcements

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Financials of NIIT Learning Systems Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

NIIT Learning Systems Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +34.72%34.63%34.57%34.52%34.49%34.45%34.35%34.21%34.19%34.09%34.25%34.17%
FIIs +17.75%18.22%18.27%17.66%17.63%17.56%17.48%17.43%17.13%16.75%14.44%13.58%
DIIs +16.37%17.77%17.31%18.72%21.53%21.88%22.15%23.73%24.27%24.46%25.38%24.40%
Government +0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public +31.15%29.37%29.84%29.08%26.34%26.11%25.99%24.61%24.40%24.67%25.92%27.83%
No. of Shareholders83,59276,26075,93673,30872,05071,43472,81971,58169,62568,59570,26873,089

Financials of NIIT Learning Systems Ltd

Quarterly Results

Quarter-by-quarter operating performance

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +382382391398407397419430451476500525565
Expenses +297292301301311310327350361383403438472
Operating Profit85909097968892809093968893
OPM %22%24%23%24%24%22%22%19%20%19%19%17%16%
Other Income +737106961272213315
Interest89610770667469
Depreciation15171413141516171818192121
Profit before tax68677884817581697369959478
Tax %19%30%27%35%26%23%24%30%32%32%22%18%26%
Net Profit +55475754605762494947747757
EPS in Rs4.103.484.204.024.424.204.543.583.613.435.425.614.17

Financials of NIIT Learning Systems Ltd

Profit & Loss

Annual income statement trend

Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +1,1321,3621,5541,6531,9522,066
Expenses +8361,0641,1891,2951,5801,696
Operating Profit297298365359372370
OPM %26%22%23%22%19%18%
Other Income +11-627346372
Interest41735242726
Depreciation424759627680
Profit before tax262228297306331336
Tax %23%16%28%26%25%
Net Profit +202192213228248256
EPS in Rs15.7516.7118.0118.63
Dividend Payout %0%0%33%18%18%

Financials of NIIT Learning Systems Ltd

Balance Sheet

Capital structure and asset base

Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital11627272728
Reserves4307439501,1831,515
Borrowings +12129132103318
Other Liabilities +3908069198741,187
Total Liabilities9471,7052,0292,1863,048
Fixed Assets +1195976136291,083
CWIP212261025
Investments99283378425531
Other Assets +7268141,0121,1231,408
Total Assets9471,7052,0292,1863,048

Financials of NIIT Learning Systems Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +277153279247288
Cash from Investing Activity +-62-250-181-122-362
Cash from Financing Activity +-94100-69-73130
Net Cash Flow1213285357
Free Cash Flow258113232200244
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit109%72%96%91%102%

Financials of NIIT Learning Systems Ltd

Ratios

Working capital efficiency and return ratios

Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days4558535671
Inventory Days
Days Payable
Cash Conversion Cycle4558535671
Working Capital Days-17-34-25-8-19
ROCE %36%34%28%21%

Guidance history

How NIIT Learning Systems Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →0–10%FlatPlannedNone plannedRising
Q4 FY26 call →0–10%Flat———
Q3 FY26 call →10–20%FlatPlanned—Rising
Q2 FY26 call →10–20%FlatPlannedPlannedRising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

4out of 100

Momentum score · price trend

4 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−42.9%9%
Last 6 months−39.8%2%
Last 3 months−21.6%13%

The price is 66.7% below its all-time high of ₹564.5 (7 Mar 2024). Stocks more than 20% below their peak have their score halved, so 7 became 4.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For NIIT Learning Systems Ltd: 0.4 × 9 + 0.4 × 2 + 0.2 × 13 = 7, halved to 4 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What NIIT Learning Systems Ltd's management said in earlier quarters

Others in Other Consumer Services this season

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    Proceeds from issue of equity shares (including securities premium) amounting to ₹330.07 lakhs (page 11). Key results statement takeaways from Zee Learn Ltd's Q

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