Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 Sep - Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, read with Part A of Schedule III thereto, we wish to inform you that the …
Source: Bse
NIIT Learning Systems Limited (NIITMTS)
Small CapIT stocks · Small cap · NSE
NIIT Learning Systems Limited operates in Software Services, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result23 Jul, 09:39 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · IT P/E 21.4 (n=204)
Technical timing lens
Trend score and candlestick chart
54Neutralfull bear SMA stack · SMA20 -9.7% / mo · MACD + · near 52W low · sector +14.5pp vs Nifty 500 (3M)
Stock trend: 24
Sector RS: 100
Sector 3M: +8.9% vs Nifty 500 -5.6%
IT FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
NIITMTSD candles · FIT view-37.6%Latest close ₹196.53 on 2026-10-19
Bar
-1.0%
RSI
37
MACD hist
0.33
52W pos
4%
2026-10-19O ₹198.50H ₹200.00L ₹194.66C ₹196.53Vol 1.0L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
NIITMTSNifty ITNifty 500
- NIITMTS
- -16.4%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- -10.8 pp
Chart stats
19 Oct 2026- From 52W high
- -55.7%
- 52W range position
- 4%
- ATR (14)
- 3.8%
- Volume vs 20D
- 0.70x
- Avg traded value
- ₹2.6 Cr
- 20D price channel
- ₹185 - ₹222.8
₹443.9
₹185 - ₹443.9
₹7.5
Latest completed session
20-session average
37.3% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED67
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average52
Revenue +25.3% · PAT +16.3% YoY
Technical
Neutral54
Price trend and sector-relative-strength timing.
Valuation
Legacy model+67.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence73
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 52/100margin compression · Rev +25% YoY · PAT +16% YoY · +8% QoQ
Filed 23 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹565 Cr | +25.3% | +7.6% |
| EBITDA | ₹93 Cr | +3.3% | +5.7% |
| Operating margin | 16.0% | -400 bps | -100 bps |
| PAT | ₹57 Cr | +16.3% | -26.0% |
| PAT margin | 10.1% | -77 bps | -458 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 12.00
- P/B
- 1.79
- EV/EBITDA
- 6.84
- Market Cap
- 2762.00Cr
Profitability
- ROE
- 15.50%
- ROCE
- 20.90%
- ROA
- 8.40%
- Dividend Y
- 1.63%
Growth (CAGR)
- Revenue 5Y
- 24.00%
- EPS 5Y
- 24.00%
- Revenue 3Y
- 13.00%
- EPS 3Y
- 1.00%
Balance Sheet
- Debt/Equity
- 0.21
- Interest Coverage
- 14.23×
- Altman Z
- 2.92
- Book Value
- 112.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 3/5
- OCF
- 288.00 Cr
- EPS TTM
- 18.63
Shareholding
- Promoter Hold
- 34.25%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 6%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 565+7.6% vs prev
Net Profit
₹ CrLatest: 57.0-26.0% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 37. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~10.8% over last month) — short-term momentum negative.
- RSI(14) at 37 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 56% off 52W high · 6% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
9
RS percentile
Stage 4 Downtrend
1M return
-9.5%
3M return
-16.4%
6M return
-39.5%
1Y return
-40.5%
RS 1D
+1
RS 20D
-3
Sector rank
#8
Industry rank
#39
Stage evidence
- Price is 20.2% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -5.9%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
improving
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 61.54-0.28%
RS vs Nifty 50062
Valuation & peers
U-Score 67 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 67 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · UNDERVALUEDValuation25/30
Growth15/25
Quality9/20
Balance Sheet9/15
Cash Flow3/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
67
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
67/100 · legacy band UNDERVALUED
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 67.1%.
- Valuation contributes 25/30 to the score.
Main drags
- Cash flow is weaker at 3/10; verify the latest quarterly trend.
- Quality is weaker at 9/20; verify the latest quarterly trend.
- Growth is weaker at 15/25; verify the latest quarterly trend.
Sector valuation model
IT valuation: PE and EV/EBITDA against growth and margins
Asset-light IT companies deserve valuation support only when growth, margins, and cash conversion hold up.
Primary lens
PE and EV/EBITDA relative to revenue growth, margins, and cash conversion.
Secondary checks
Deal pipeline, attrition, dollar revenue growth, FCF yield.
Main risk check
Low PE can reflect weak growth or margin pressure.
PE
12.0
PB
1.8
EV/EBITDA
6.8
ROE
15.5%
ROCE
20.9%
FCF Yield
—
Debt/Equity
0.2
MoS
+67.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
67
Previous: 66 (+1)
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+67.1%
Previous: +66.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
66
66
66
66
66
66
66
66
66
66
66
66
Factor attribution
Valuation
25+1
was 24
Modelled fair value
Graham Number
₹216.67
+9.3% MoS
Growth-justified P/E
32.1
Growth-justified Value
₹598.02
+67.1% MoS
PEG
0.81
Comparable companies
Peers
Business-comparable peers in IT — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
RSYSTEMS
Small
R Systems International Limited
IT Services / Digital
match 167
63
14.1
24.4%
+50%
UNDERVALUED
SANDHAR
Small
Sandhar Technologies Limited
IT Services / Digital
match 165
53
15.9
11.5%
+52%
FAIR VALUE
VERANDA
Small
Veranda Learning Solutions Limited
IT Services / Digital
match 165
55
31.8
3.8%
+92%
FAIR VALUE
PROTEAN
Small
Protean eGov Technologies Limited
IT Services / Digital
match 164
28
30.3
10.0%
-210%
OVERVALUED
SASKEN
Small
Sasken Technologies Limited
IT Services / Digital
match 164
26
34.7
7.0%
-999%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
NIIT Learning Systems Limited operates in Software Services, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
73Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 72nd percentile of the scored universe and 71st percentile within IT. Main check: cash conversion is weak at 55/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
70 docs text-extracted · 24 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
72nd percentile
overall median 67 · IT: 71st pctile, median 69 · Small: 75th pctile, median 66
Evidence depth
Financial-only
70 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
55
watch · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
64
acceptable · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸ROCE is 20.9%.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸3/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸ROCE trend is -6.8%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching NIIT Learning Systems Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 23 Sep - NIIT Learning ranked among Training Industry’s Top 20 Experiential Learning Technologies Companies for 2026, sixth straight year.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 18 Sep - Intimation of allotment of equity shares under NIIT Learning Systems Limited Employee Stock Option Plan 2023-0 of the Company.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 21 Aug - Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, read with Part A of Schedule III thereto, we wish to inform you that the …
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 19 Aug - NIIT Learning wins 114 Brandon Hall HCM Excellence Awards in 2026 with clients.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Aug - Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, read with Part A of Schedule III thereto, we wish to inform you that the …
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 4h - NIIT Learning Systems to hold non-deal investor roadshow on July 27-28, 2026 in Mumbai.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 13 Jul - NIIT Learning named 2026 Fosway AI market leader; launches AI-Ready L&D Enterprise portfolio.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 10 Jul - Intimation of allotment of equity shares under NIIT Learning Systems Limited Employee Stock Option Plan 2023-0.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 1 Jul - NIIT Learning ranked in Training Industry’s Top 20 AI Coaching Tools for 2026 and launched AI-Ready L&D Enterprise Series.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 22 Jun - Intimation of allotment of equity shares under NIIT Learning Systems Limited Employee Stock Option Plan 2023-0 of the Company.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 16 Jun - NIIT Learning Systems named Databricks 2026 Global Authorized Training Partner of the Year.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.