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Zee Learn Ltd (ZEELEARN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533287 NSE: ZEELEARN Educational Institutions | Small Cap | Zee Learn Share Price

₹7.44 -0.12 (-1.59%)

As on 09-Jun'26 16:59

Zee Learn Ltd (ZEELEARN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533287 NSE: ZEELEARN Educational Institutions | Small Cap | Zee Learn Share Price

₹7.44 -0.12 (-1.59%)

As on 09-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹248 Cr.
Current Price
₹7.4
52-Week Low / High
₹4 / 11
TTM EPS
₹2.8
TTM Sales
₹313 Cr.
Book Value per Share
₹7.8
P/E Ratio
2.74
Lower than its 5-year historical median
Industry PE
23.6
Price to Book (P/B)
0.98
Lower than its 5-year historical median
Price to Sales (P/S)
0.79
Lower than its 5-year historical median
EV/EBITDA
3.56
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
41.30%
Outperforms industry median
Return on Capital Employed (ROCE)
29.35%
Outperforms industry median
Return on Assets (ROA)
5.76%
Operating Profit Margin
33.6%
Net Profit Margin
19.79%
Gross Profit Margin
29.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
8.4%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.71%
Net Profit Growth (1 Year)
-
8.36%
Asset Quality
Promoter Holding
15.01%
Pledged shares (%) of Promoter's holding (%)
29.16%
Reserves
₹221 Cr.
Equity
₹32.8 Cr.
Face Value
₹1
All Time Low / High
₹2.67 / 73.95

Zee Learn stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Zee Learn Ltd a good quality company?
Zee Learn Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Zee Learn Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Zee Learn Ltd vs industry peers?
Zee Learn Ltd revenue CAGR is 7.10%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Zee Learn Ltd?
Promoters hold 15.01% of the Zee Learn Ltd, with 29.16% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Zee Learn Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -14.5% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Zee Learn Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 8%12.3%18.6%19.7%18.5%7.2%-7.3%-73.8%33.2%29.4%-
Value Creation
Index
-0.4-0.10.30.40.3-0.5-1.5-6.31.41.1-

Growth Parameters

Sales 13916018621019490.3104190253274313
Sales YoY Gr.-15.3%16.1%12.6%-7.4%-53.5%15.2%83.1%32.6%8.4%-
Adj EPS 0.51.11.41.92.10.5-0.2-111.61.72.8
YoY Gr.-140.4%24.8%34%11.1%-75.7%-129.4%NANA7.6%-
BVPS (₹) 7.8910.712.514.51512.51.63.14.97.8
Adj Net
Profit
15.136.446.161.768.616.7-5-35851.455.590
Cash Flow from Ops. 24.572.310498.881.217.754.135.654.382.9-
Debt/CF from Ops. 5.61.81.31.82.2113.65.63.62.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 7.8%7.1%38.1%8.4%
Adj EPS 15.4%-4.1%NA7.6%
BVPS-5%-19.4%-26.7%58.2%
Share Price -12.5% -11.5% 35.4% -28.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
6.213.314.216.115.43.4-1.1-151.462.24143.6
Op. Profit
Mgn %
17.625.33944.651.729.433.429.635.433.628
Net Profit
Mgn %
10.822.724.729.435.318.5-4.8-187.820.420.328.9
Debt to
Equity
0.60.40.40.50.40.40.53.91.91.20.5
Working Cap
Days
163210351340332883643189294744584
Cash Conv.
Cycle
154-3-10-14-6-51153030-12

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales13916018621019490104190253274
Operating Expenses + 115120114116946470134166184
Manufacturing Costs3469643344
Material Costs35324039281521576464
Employee Cost 25272529292420293650
Other Costs 51574338312226466266
Operating Profit 244172941002634568790
Operating Profit Margin (%) 17.6%25.3%38.7%44.6%51.7%29.2%32.4%29.4%34.4%32.9%
Other Income + 11131617243034151012
Exceptional Items 000000-110-38700
Interest 14151320252624262322
Depreciation 6434985445
Profit Before Tax 153571879123-72-3476975
Tax 0-1262523610111920
Profit After Tax 153646626917-82-3585054
PAT Margin (%) 10.8%22.7%24.6%29.4%35.3%18.4%-78.9%-187.0%19.8%19.8%
Adjusted EPS (₹)0.51.11.41.92.10.5-2.5-11.01.51.7
Dividend Payout Ratio (%)0%8.90%7.10%5.30%0%0%0%0%0%0%

Valuation of Zee Learn - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 25129134840747248940851101161
Share Capital 32323333333333333333
Reserves 2192583163754394563751869128
Debt +127116125168159195197198194196
Long Term Debt101104112124115111103107110123
Short Term Debt26121344448494918473
Minority Interest0000000000
Trade Payables912824171917111312
Others Liabilities 6075125164193145148170412793
Total Liabilities 4474946077638408487704297201,162

Fixed Assets

Net Fixed Assets +4656271896824
Gross Block29101216454231313344
Accumulated Depreciation244710192522242421
CWIP 5002000000
Investments 355360336602602602602343341345
Inventories111491318115262726
Trade Receivables89823181611111919
Cash Equivalents 101619102120212126
Others Assets 548923010817420112420303722
Total Assets 4474946077638408487704297201,162

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 247210499811854365483
PBT 153571879123-72-3476975
Adjustment 121352024161144092626
Changes in Working Capital -1295120-13-1722-18-178
Tax Paid -1-5-23-28-21-4-9-9-24-26
Cash Flow From Investing Activity + -39-43-106-141-55-9-14-12-6-21
Capex -2-1-2-5-3-0-1-1-2-11
Net Investments -16423-6300000-5
Others -21-46-127-73-52-9-13-11-3-5
Cash Flow From Financing Activity + 15-23536-34-9-21-25-49-56
Net Proceeds from Shares 111141000000
Net Proceeds from Borrowing 26-2722196-10-16-100
Interest Paid -7-6-5-7-43-9-8-5-3-2
Dividend Paid 0-2-2-4-400000
Others -50-444-7-6-4-3-36-54
Net Cash Flow 163-6-9-018-2-15

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)6.2113.4614.3216.3315.613.45-18.29-155.9765.7341.3
ROCE (%)7.9812.3218.6219.7318.517.23-7.3-73.833.2129.35
Asset Turnover Ratio0.320.340.340.310.240.110.130.320.440.29
PAT to CFO Conversion(x)1.622.261.61.171.06N/AN/A1.081.54
Working Capital Days
Receivable Days19.4019.4016.6026.5038.4068.3046.2020.702225.50
Inventory Days50.302822.5019.602957.3027.4029.8038.6035.50
Payable Days115.70122.9093.30146.40265.30443.80315.9087.8067.2071.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *29.1629.1629.1629.1629.1629.1629.1629.1629.1629.16
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Zee Learn Ltd FAQs

The current trading price of Zee Learn on 09-Jun-2026 16:59 is ₹7.44.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Jun-2026 the market cap of Zee Learn stood at ₹247.8 Cr

The latest P/E ratio of Zee Learn as of 08-Jun-2026 is 2.74.

The latest P/B ratio of Zee Learn as of 08-Jun-2026 is 0.98.

The 52-week high of Zee Learn is ₹11.15 and the 52-week low is ₹4.18.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Zee Learn is ₹313 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Zee Learn Ltd is a good quality company.

The key valuation ratios of Zee Learn Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Zee Learn Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Zee Learn Ltd

Zee Learn is one of the leading companies in Education in India with the fastest growing chain of K-12 schools and India’s No 1 chain of pre-schools in its portfolio.

Zee Learn acts as a consultant to local entrepreneurs who wish to setup K-12 schools, under its brand name Mount Litera Zee Schools and provides end to end Education management and Advisory services.  Mount Litera Zee Schools is now the second largest chain of schools in the private-unaided category with 65 schools in 48 cities. Launched in December 2008, 50 schools signed up in one year make Mount Litera Zee School the fastest growing school chain in India.

Zee Learn also runs India's No. 1 chain of pre-schools, Kidzee with more than 700 pre-schools in more than 300 cities. Kidzee is a pioneer in organized and standardized pre-schooling in the country. Kidzee has touched the lives of more than 150,000 children since its inception in 2003. During the current FY 2010-11 Kidzee has seen enrolment of more than 36,000 students.

Enabled by its extensive experience in understanding of education and learning, Zee Learn is extending its services to other schools. Zee Learn School Innovations works with existing schools to improve their student outcomes and efficiency through a School Audit that identifies improvement areas.

Zee Learn has also tied up with Gakken Education Co. with an aim to bring the best of Japanese education in the field of science to schools in India. The Zee Learn Gakken Science Academy intends to improve conceptual understanding and develop scientific temper amongst students by providing hands on experiment tools.

In the wake of the recent increase in disposable incomes in the country and rising awareness of global standards of education amongst parents, there is a demand for international standard pre-schools. To meet this requirement, Zee Learn plans to launch a chain of Premium preschools called Mount Litera World Preschools. These pre-schools would be company owned or joint ventures with progressive individuals or entities.  

In Oct 2012 Zee Learn launched ZeeQ the First Edutainment Channel of India, which caters to the needs of children in India.

Business activity

Zee Learn has been involved in offering its educational services right from toddlers to teens to youth for more than a decade. The product and services of Zee Learn may be grouped in three categories:

School Network- Range of K-12 schools and Pre-schools with Indian and international curricula

  • Mount Litera Zee Schools
  • Kidzee Preschools
  • Mount Litera World School
  • Mount Litera World Preschool

School Innovations- Solutions for other existing schools

  • Zee Learn Gakken Science Academy
  • School Management Services

Youth Vocational Education- Institutes to provide vocational education to Youth (10+2 onwards)

  • Zee Institute of Creative Art (ZICA)
  • Zee Institute of Media Arts (ZIMA)

Awards and achievements

  • BrainCafe Budding Scientist Contest 2012’Winners
  • Zee Learn Wins INDIA's Best Companies to Work for 2012 Award
  • Zee Learn Wins Bloomberg UTV’s prestigious CXO Award 2011

  • Winner of Franchise Plus “Franchisor of the Year” award in 2010
  • Winner of Franchising World “Best Franchisor in Education” award in 2009
  • Winner of Franchising World “Best Franchisor in Pre-school education” award in 2007, 2006, 2005, 2004  

Zee Learn was honoured by being chosen as the sole India Representative at OMEP World Congress in August 2010. Zee Learn was chosen for its education philosophy and for having the widest footprint in the country. Its academic head - Mrs Nitya Ramaswami, presented a paper and poster on “Universalisation of quality pre-school education” at 2010 august assembly.

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