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Zee Learn Limited (ZEELEARN) AI Stock Analysis

IN:ZEELEARN

Zee Learn Limited

(NSE:ZEELEARN)

Select Model
Rating:65Neutral
Price Target:INR 6.00â–²(8.89% Upside)
Action:downgraded
Date:09/06/26

The overall score of 65 is driven primarily by highly attractive valuation multiples and robust free cash flow generation. However, upside is currently constrained by short-term bearish technical momentum, severely contracting profit margins, and a sizable debt burden.

Positive Factors
Asset-light partner networkThe franchise and partner-network model allows Zee Learn to provide curriculum, training, content, and brand support without directly operating a large owned-school base. This asset-light structure can support network expansion while limiting the capital required for each additional location.
Negative Factors
Elevated leverageDebt exceeding equity leaves Zee Learn with less financial flexibility than a conservatively funded education business. Leverage can restrict investment choices and increase sensitivity to any period of weaker profitability, making the recovery more vulnerable to operating volatility.

Zee Learn Limited (ZEELEARN) vs. iShares MSCI India ETF (INDA)

-50%-40%-30%-20%-10%0%10%20%IN:ZEELEARN-34.64%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 1.81B
Dividend Yield
―
Average Volume (3M)
62.69K
Price to Earnings (P/E)
3.6
Beta (1Y)
1.17
Revenue Growth
-2.80%
EPS Growth
458.04%
Country
India
Employees
486
Sector
General
Sector Strength
55
Industry
Education & Training Services

Zee Learn Limited Business Overview & Revenue Model

Company Description

Zee Learn Limited, along with its subsidiaries, is a prominent player in India's education sector. The company's diverse operations encompass educational services, the development and leasing of properties for educational purposes, and human resource...

How the Company Makes Money

Zee Learn Limited primarily earns revenue through an asset-light, franchise/partner-network model in which third-party entrepreneurs or institutions run schools and preschools using Zee Learn’s brands and academic/operating systems. Key revenue strea...

Zee Learn Limited Financial Statement Overview

Summary

Solid top-line growth and excellent cash flow generation are partially offset by significantly contracting profit margins and an elevated debt-to-equity ratio of 1.61x.

Income Statement

62Positive

Balance Sheet

58Neutral

Cash Flow

88Very Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue4.04B4.39B3.93B3.56B3.24B2.48B
Gross Profit1.74B1.55B1.92B2.61B2.26B1.93B
EBITDA1.51B1.50B1.24B2.41B-3.76B800.45M
Net Income494.74M385.25M127.23M1.63B-4.43B-27.24M
Balance Sheet
Total Assets15.56B15.93B15.09B10.84B10.24B14.47B
Cash, Cash Equivalents and Short-Term Investments92.97M8.37B295.19M225.71M347.40M318.82M
Total Debt3.87B3.79B3.99B3.60B4.63B4.37B
Total Liabilities13.13B13.58B13.13B9.01B8.83B8.45B
Stockholders Equity2.43B2.35B1.96B1.83B192.38M4.63B
Cash Flow
Free Cash Flow0945.44M718.21M477.35M378.08M613.89M
Operating Cash Flow01.07B828.90M504.55M419.79M625.03M
Investing Cash Flow0-62.44M-125.64M-52.79M-120.22M-56.36M
Financing Cash Flow0-705.66M-633.50M-609.65M-298.83M-368.95M

Zee Learn Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price5.51

Price Trends

50DMA6.68Negative
100DMA7.51Negative
200DMA6.68Negative

Market Momentum

MACD-0.30Negative
RSI32.37Neutral
STOCH38.66Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ZEELEARN, the sentiment is Negative. The current price of 5.51 is below the 20-day moving average (MA) of 5.96, below the 50-day MA of 6.68, and below the 200-day MA of 6.68, indicating a bearish trend. The MACD of -0.30 indicates Negative momentum. The RSI at 32.37 is Neutral, neither overbought nor oversold. The STOCH value of 38.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ZEELEARN.

Zee Learn Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:ZEELEARN against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:NIITMTSIN:NIITMTS74OutperformINR 22.11B8.93―2.04%19.31%18.00%
IN:ZEELEARNIN:ZEELEARN65NeutralINR 1.81B3.63――-2.80%458.04%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:TREEHOUSEIN:TREEHOUSE45NeutralINR 249.63M-0.92――-35.49%-84.14%
IN:EDUCOMPIN:EDUCOMP42NeutralINR 109.00M-0.30――――
IN:MTEDUCAREIN:MTEDUCARE38UnderperformINR 124.23M-3.72――-28.24%89.91%
IN:CLEDUCATEIN:CLEDUCATE36UnderperformINR 2.36B-10.53――28.52%-21.18%

* General Sector Average

Performance Comparison

-40%-20%0%20%IN:ZEELEARNIN:CLEDUCATEIN:EDUCOMPIN:MTEDUCAREIN:NIITMTSIN:TREEHOUSEDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:ZEELEARN and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:ZEELEARNZee Learn Limited5.51-2.99-35.18%
IN:CLEDUCATECL Educate Ltd.43.46-45.46-51.12%
IN:EDUCOMPEducomp Solutions Limited0.89-0.51-36.43%
IN:MTEDUCAREMT Educare Ltd1.72-0.32-15.69%
IN:NIITMTSNIIT Learning Systems Ltd160.05-156.98-49.52%
IN:TREEHOUSETree House Education & Accessories Limited5.90-1.90-24.36%

Zee Learn Limited Corporate Events

Zee Learn posts improved Q2 FY27 results, swings to profit on consolidated basis

Oct 24, 2026

Zee Learn Limited has published its unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, with the figures released via newspaper advertisements in English and Marathi as required under SEBI li...

Zee Learn Corrects EPS Disclosure in September Quarter Results

Oct 23, 2026

Zee Learn Limited has notified exchanges that a clerical error occurred in the Earnings Per Share disclosure within its unaudited financial results for the quarter and half year ended September 30, 2026. The company has issued corrected EPS figures a...

Zee Learn Clears H1 FY27 Results, Exits Subsidiary as CEO Retirement Nears

Oct 22, 2026

Zee Learn Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, following a review by its statutory auditors. The company has also completed the sale of...

Zee Learn Clears Half-Year Results, Divests Subsidiary and Announces CEO Retirement

Oct 22, 2026

Zee Learn Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, following a review by its statutory auditors. The board also recorded that CEO and whole-...

Zee Learn Confirms Full Compliance With SEBI Digital Database Rules

Oct 16, 2026

Zee Learn Limited has submitted a compliance certificate confirming that it has implemented and maintained a Structured Digital Database in line with Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 for the qu...

Zee Learn Expands Equity Base with ESOP Share Allotment

Sep 28, 2026

Zee Learn Limited has allotted 343,491 equity shares to eligible employees following the exercise of stock options granted under its ZLL ESOP 2010 – Amended 2015 scheme. The shares, issued at a face value and exercise price of ₹1 each, re...

Zee Learn Faces Insolvency Plea Over Rs. 821-Crore Alleged Default

Sep 26, 2026

Zee Learn Limited disclosed that Asset Care & Reconstruction Enterprise Limited, a financial creditor, has filed applications before the National Company Law Tribunal in Mumbai to initiate a Corporate Insolvency Resolution Process against the com...

Zee Learn Faces Rs 818 Crore Demand After Corporate Guarantee Invocation

Sep 16, 2026

Zee Learn Limited has disclosed that it received a communication from Assets Care & Reconstruction Enterprise Limited regarding the invocation of a corporate guarantee. The notice calls upon the company to pay Rs. 818.23 crore, a substantial clai...

Zee Learn Sets Record Date and Virtual AGM Schedule for September 2026

Aug 18, 2026

Zee Learn Limited has scheduled its 16th Annual General Meeting for September 25, 2026, at 3:00 p.m. IST, to be conducted via video conferencing and other audio-visual means. The use of virtual formats reflects continuing digital adoption in corporat...

Zee Learn Sets Virtual AGM for September 25, Clears FY 2025-26 Annual Report

Aug 18, 2026

Zee Learn Limited has approved the notice convening its 16th Annual General Meeting, to be held on September 25, 2026, via video conferencing and other audio-visual means. The board has also cleared the directors’ report, annual report, and rel...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 06, 2026