Financials NIIT Learning Systems Limited

Equities

NIITMTS

INE342G01023

Professional & Business Education

End-of-day quote NSE India S.E. 23:00:00 25/06/2024 BST 5-day change 1st Jan Change
459 INR -0.25% Intraday chart for NIIT Learning Systems Limited +2.98% +4.72%

Valuation

Fiscal Period: March 2024 2025 2026
Capitalization 1 60,922 - -
Enterprise Value (EV) 1 68,601 55,711 53,866
P/E ratio 33.3 x 23.8 x 20.6 x
Yield 1.89% 1.34% 1.56%
Capitalization / Revenue 4.42 x 3.46 x 2.95 x
EV / Revenue 4.42 x 3.16 x 2.61 x
EV / EBITDA 18.9 x 13.6 x 11.7 x
EV / FCF 35 x 134 x 25.1 x
FCF Yield 2.86% 0.75% 3.98%
Price to Book 6.81 x 5.18 x 4.32 x
Nbr of stocks (in thousands) 135,654 - -
Reference price 2 449.1 449.1 449.1
Announcement Date 22/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2023 2024 2025 2026
Net sales 1 - 15,535 17,609 20,665
EBITDA 1 - 3,622 4,107 4,608
EBIT 1 - 3,030 3,538 4,030
Operating Margin - 19.51% 20.09% 19.5%
Earnings before Tax (EBT) 1 - 2,971 3,539 4,113
Net income 1 1,922 2,132 2,593 3,009
Net margin - 13.73% 14.73% 14.56%
EPS 2 14.30 15.22 18.85 21.85
Free Cash Flow 1 - 1,572 416 2,146
FCF margin - 10.05% 2.36% 10.38%
FCF Conversion (EBITDA) - 42.67% 10.13% 46.56%
FCF Conversion (Net income) - 73.07% 16.04% 71.3%
Dividend per Share 2 - 8.500 6.000 7.000
Announcement Date 29/05/23 22/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 - 3,840 3,908 4,015
EBITDA - - - -
EBIT - - 721 773
Operating Margin - - 18.45% 19.25%
Earnings before Tax (EBT) - - - -
Net income 552 - - 579
Net margin - - - 14.42%
EPS 4.100 - - 4.100
Dividend per Share - - - -
Announcement Date 10/08/23 - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2023 2024 2025 2026
Net Debt 1 - - - -
Net Cash position 1 - 5,909 5,211 7,056
Leverage (Debt/EBITDA) - - - -
Free Cash Flow 1 - 1,572 416 2,146
ROE (net income / shareholders' equity) - 27.1% 23.7% 23.3%
ROA (Net income/ Total Assets) - - - -
Assets 1 - - - -
Book Value Per Share 2 - 66.00 86.80 104.0
Cash Flow per Share - - - -
Capex 1 - 674 639 724
Capex / Sales - 4.31% 3.63% 3.5%
Announcement Date 29/05/23 22/05/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
449.1 INR
Average target price
546.7 INR
Spread / Average Target
+21.72%
Consensus

Quarterly revenue - Rate of surprise

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