NIITMTS

NIIT Learning Systems Limited

Managed learning services and workforce transformation partner

Consumer Discretionary›Consumer Services›Other Consumer Services›Education

niit.com

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Key metrics

Price as of 2026-10-16

Stock price

₹199.13

Market cap

2,742 Cr

Stock P/E

10.7

P/B

1.77

Dividend yield

1.5%

ROE (FY26)

16.1%

ROCE (FY26)

19.6%

Operating margin (FY26)

14.9%

Debt / equity (FY26)

0.17

OCF / EBITDA (FY26)

78.6%

OCF / EBITDA (3Y)

75.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

NIIT Learning Systems (NIIT MTS) runs corporate training for large global companies, taking over the management of their learning and development under long-term outsourcing contracts and increasingly delivering AI-enabled learning.

Company snapshot

1stBy market cap

Ranked among 13 companies in Education.

What we see

Positives

✓Debt-to-equity of 0.17x — the company is largely funded by its own money, not borrowed funds.

1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

Metric	Sept 2023	Dec 2023	Mar 2024	Jun 2024	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	382 Cr	391 Cr	398 Cr	407 Cr	397 Cr	419 Cr	430 Cr	451 Cr	476 Cr	500 Cr	525 Cr	565 Cr
Operating expenses (approx.)	292 Cr	301 Cr	301 Cr	311 Cr	310 Cr	327 Cr	350 Cr	361 Cr	383 Cr	403 Cr	438 Cr	472 Cr
EBITDA	90 Cr	90 Cr	97 Cr	96 Cr	88 Cr	92 Cr	80 Cr	90 Cr	93 Cr	96 Cr	88 Cr	93 Cr
OPM %	23.5%	23.0%	24.3%	23.6%	22.0%	21.9%	18.7%	20.0%	19.5%	19.3%	16.7%	16.4%
Other income	7 Cr	7 Cr	10 Cr	9 Cr	13 Cr	10 Cr	13 Cr	13 Cr	8 Cr	10 Cr	4 Cr	17 Cr
Interest	9 Cr	6 Cr	10 Cr	7 Cr	7 Cr	0.46 Cr	6 Cr	6 Cr	7 Cr	4 Cr	6 Cr	9 Cr
Depreciation	17 Cr	14 Cr	13 Cr	14 Cr	15 Cr	16 Cr	17 Cr	18 Cr	18 Cr	19 Cr	21 Cr	21 Cr
Profit before tax	67 Cr	78 Cr	84 Cr	81 Cr	75 Cr	81 Cr	69 Cr	73 Cr	69 Cr	95 Cr	94 Cr	78 Cr
Tax %	30.4%	26.8%	35.1%	26.1%	23.5%	24.1%	29.7%	32.5%	32.2%	21.6%	18.0%	26.5%
Net profit	47 Cr	57 Cr	54 Cr	60 Cr	57 Cr	62 Cr	49 Cr	49 Cr	47 Cr	74 Cr	77 Cr	57 Cr
EPS (₹)	₹3.48	₹4.21	₹4.02	₹4.43	₹4.20	₹4.54	₹3.58	₹3.62	₹3.43	₹5.42	₹5.61	₹4.17

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

Metric	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,554 Cr	1,653 Cr	1,952 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	1,191 Cr	1,298 Cr	1,585 Cr	Sign in free for the trailing twelve months
EBITDA	362 Cr	355 Cr	367 Cr	Sign in free for the trailing twelve months
OPM %	23.3%	21.5%	18.8%	Sign in free for the trailing twelve months
Other income	32 Cr	45 Cr	36 Cr	Sign in free for the trailing twelve months
Interest	33 Cr	21 Cr	23 Cr	Sign in free for the trailing twelve months
Depreciation	59 Cr	62 Cr	76 Cr	Sign in free for the trailing twelve months
Profit before tax	297 Cr	306 Cr	331 Cr	Sign in free for the trailing twelve months
Tax %	28.2%	25.7%	25.2%	Sign in free for the trailing twelve months
Net profit	213 Cr	228 Cr	248 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹15.82	₹16.75	₹18.09	Sign in free for the trailing twelve months
Dividend payout %	15.7%	16.4%	16.6%	Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

Metric	Mar 2024	Mar 2025	Mar 2026
Equity capital	27 Cr	27 Cr	28 Cr
Reserves	950 Cr	1,183 Cr	1,515 Cr
Borrowings	93 Cr	71 Cr	267 Cr
Other liabilities	963 Cr	907 Cr	1,250 Cr
Total liabilities	2,033 Cr	2,188 Cr	3,060 Cr
Fixed assets (net)	34 Cr	30 Cr	29 Cr
CWIP	0 Cr	0 Cr	0 Cr
Investments	378 Cr	425 Cr	531 Cr
Inventories	0.08 Cr	0.08 Cr	0.04 Cr
Trade receivables	225 Cr	252 Cr	378 Cr
Cash & bank	284 Cr	337 Cr	394 Cr
Other assets	1,112 Cr	1,144 Cr	1,728 Cr
Total assets	2,033 Cr	2,188 Cr	3,060 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

Metric	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	279 Cr	247 Cr	288 Cr
Cash from investing	-182 Cr	-129 Cr	-414 Cr
Cash from financing	-69 Cr	-73 Cr	130 Cr
Net cash flow	28 Cr	53 Cr	57 Cr
Free cash flow (OCF − Capex)	231 Cr	199 Cr	244 Cr

Ratios

Metric	Mar 2024	Mar 2025	Mar 2026
ROCE %	30.8%	25.5%	19.6%
ROE %	21.8%	18.8%	16.1%
Debtor days	53	55	70
Inventory days	0	0	0
Days payable	21	22	25
Cash conversion cycle	32	34	46
OCF / EBITDA %	76.9%	69.5%	78.6%
OCF / EBITDA % (3 years)	—	—	75.1%
Debt / equity	0.10	0.06	0.17
Current ratio	1.66	1.88	1.73
Net debt / EBITDA	-0.53	-0.75	-0.35