Announcement
Announcement under Regulation 30 (LODR)-Allotment 4 Sep - 1,55,763 warrants converted into shares to Goodday Enterprises LLP; paid-up capital rose to 9.65 crore shares.
Source: Bse
Veranda Learning Solutions Limited (VERANDA)
Small CapIT stocks · Small cap · NSE
Veranda Learning Solutions 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 22 Oct, 05:50 pm ISTDetails
Quote22 Oct, 05:50 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result13 Aug, 12:29 pm IST
Score22 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · IT P/E 21.4 (n=204)
Technical timing lens
Trend score and candlestick chart
53Neutralfull bear SMA stack · SMA20 -52.3% / mo · RSI oversold · MACD − · near 52W low · sector +17.8pp vs Nifty 500 (3M)
Stock trend: 22
Sector RS: 100
Sector 3M: +12.2% vs Nifty 500 -5.6%
IT FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
VERANDAD candles · FIT view-81.9%Latest close ₹34.03 on 2026-10-22
Bar
+0.0%
RSI
13
MACD hist
-3.26
52W pos
3%
2026-10-22O ₹34.03H ₹34.50L ₹34.03C ₹34.03Vol 73,427 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
VERANDANifty ITNifty 500
- VERANDA
- -85.4%
- Nifty 500
- -6.2%
- Nifty IT
- +12.5%
- Vs Nifty 500
- -79.2 pp
Chart stats
22 Oct 2026- From 52W high
- -87.5%
- 52W range position
- 3%
- ATR (14)
- 34.2%
- Volume vs 20D
- 0.16x
- Avg traded value
- ₹7.3 Cr
- 20D price channel
- ₹26.9 - ₹244
₹272.5
₹26.9 - ₹272.5
₹11.6
Latest completed session
20-session average
702.8% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE55
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent100
Revenue +41.5% · PAT +466.7% YoY
Technical
Neutral53
Price trend and sector-relative-strength timing.
Valuation
Legacy model+93.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence53
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
Excellent · 100/100Rev +42% YoY · PAT +467% YoY · margin expansion · +14% QoQ · operating leverage
Filed 13 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹150 Cr | +41.5% | +13.6% |
| EBITDA | ₹52 Cr | +62.5% | +10.6% |
| Operating margin | 35.0% | +500 bps | +0 bps |
| PAT | ₹34 Cr | +466.7% | +112.5% |
| PAT margin | 22.7% | +1701 bps | +1055 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 31.80
- P/B
- 2.14
- EV/EBITDA
- 10.07
- Market Cap
- 2054.00Cr
Profitability
- ROE
- 3.84%
- ROCE
- 12.80%
- ROA
- 8.70%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 185.00%
- EPS 5Y
- 37.00%
- Revenue 3Y
- 44.00%
- EPS 3Y
- 30.00%
Balance Sheet
- Debt/Equity
- 0.40
- Interest Coverage
- 3.16×
- Altman Z
- 2.91
- Book Value
- 99.60
Cash Flow
- FCF Yield
- 0.15%
- FCF Positive Y
- 1/5
- OCF
- 106.00 Cr
- EPS TTM
- 15.03
Shareholding
- Promoter Hold
- 13.00%
- Promoter Pledge
- 30.40%
- Momentum 52W
- 59%
Financial History
Updated 22/10/2026
Revenue
₹ CrLatest: 482+34.6% vs prev
Net Profit
₹ CrLatest: 130+151.6% vs prev
Return on Equity
%Latest: 13.6+113.8% vs prev
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
Bearish setupTrend is weak — long-term trend down. RSI 13.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- Recent death cross (SMA50 crossed below SMA200).
- SMA20 falling (~109.9% over last month) — short-term momentum negative.
- RSI(14) at 13 — oversold zone; bounce conditions.
- MACD below signal but histogram contracting — bearish momentum easing.
- 88% off 52W high · 27% 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.
Valuation & peers
U-Score 55 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 55 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · FAIR VALUEValuation29/30
Growth19/25
Quality0/20
Balance Sheet1/15
Cash Flow1/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
55
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
55/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 93.0%.
- Valuation contributes 29/30 to the score.
Main drags
- Promoter pledge is 30.4%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Balance sheet is weaker at 1/15; 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
31.8
PB
2.1
EV/EBITDA
10.1
ROE
3.8%
ROCE
12.8%
FCF Yield
0.1%
Debt/Equity
0.4
MoS
+93.0%
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: 22 Oct 2026
v4.3-runtime-valuation
Final score
55
Previous: 55
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+93.0%
Previous: +92.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
22 Oct 2026
v4.3-runtime-valuation
55
55
55
55
55
55
55
55
55
55
55
55
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹183.53
+81.5% MoS
Growth-justified P/E
32.1
Growth-justified Value
₹482.46
+93.0% MoS
PEG
0.93
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
RAMCOSYS
Small
Ramco Systems Limited
IT Services / Digital
match 167
46
33.2
18.1%
-458%
FAIR VALUE
SILVERTUC
Small
Silver Touch Technologies Limited
IT Services / Digital
match 166
58
41.8
24.4%
-19%
FAIR VALUE
ONEPOINT
Small
One Point One Solutions Limited
IT Services / Digital
match 166
32
44.7
7.2%
-39%
WATCHLIST
RACLGEAR
Small
RACL Geartech Limited
IT Services / Digital
match 166
42
36.7
17.0%
-5%
WATCHLIST
NINSYS
Small
NINtec Systems Limited
IT Services / Digital
match 166
54
46.6
40.6%
-50%
FAIR VALUE
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
Veranda Learning Solutions 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
53Limited 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 12th percentile of the scored universe and 12th percentile within IT. Main check: promoter alignment is weak at 16/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
63 docs text-extracted · 10 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
12th percentile
overall median 67 · IT: 12th pctile, median 69 · Small: 14th pctile, median 66
Evidence depth
Financial-only
63 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
Needs extra due diligence; demand valuation comfort and recent improvement.
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
16
weak · holding, pledge, alignment
Cash flow
53
watch · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
57
watch · quarterly consistency
Trust positives
- ▸FCF yield is positive at 0.1%.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Promoter pledge is elevated at 30.4%.
- ▸Promoter holding fell 34%.
- ▸Promoter holding is only 13%.
- ▸Only 1 years of positive FCF.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Veranda Learning Solutions Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association 31 Aug - Veranda Learning Solutions increased authorised share capital to ₹147.5 crore under the composite scheme.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 24 Aug - NCLT sanctioned Veranda’s commerce vertical demerger; J.K. Shah Commerce Education Limited to be independently listed.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Jul
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 15 Jul
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 24 Jun - India Ratings assigned IND BBB-/Rating Watch on Veranda Learning’s INR1,400 million bank facilities.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 17 Jun
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Jun
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 10 Jun - JK Shah Classes signs MoU with Japan’s CPA Excellent Partners for global accounting talent pathways.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 31 May
Source: Bse
AnnouncementQ4 2026
Q4 2026 · Announcement under Regulation 30 (LODR)-Monitoring Agency Report 14 May - Monitoring agency report for Q4 FY2026 shows preferential issue proceeds fully utilized for equity, with no deviations.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.