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Zee Learn Limited
(ZEELEARN)
Select Model
Select Model
Rating:56Neutral
Price Target:
₹7.50
▲(8.38% Upside)
Action:Reiterated
Date:09/06/26
The score is driven mainly by improved but still mixed financial performance (profitability and positive free cash flow offset by elevated leverage and volatility). Technicals detract due to a bearish trend and negative MACD, while valuation supports the score given the very low P/E.
Positive Factors
Asset-light franchise model
The partner-operated model allows Zee Learn to extend its education brands and academic systems without owning a large school base. This can reduce capital intensity, support network expansion, and create recurring fee opportunities as partners continue using its curriculum, training, and operational support.
Negative Factors
Elevated leverage
Debt exceeding equity leaves the balance sheet less resilient than a conservative capital structure and limits financial flexibility. Higher leverage can make profitability volatility more consequential, constrain investment choices, and increase the importance of sustaining operating cash flow over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-light franchise model
The partner-operated model allows Zee Learn to extend its education brands and academic systems without owning a large school base. This can reduce capital intensity, support network expansion, and create recurring fee opportunities as partners continue using its curriculum, training, and operational support.
Read all positive factors
Zee Learn Limited (ZEELEARN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.39B
Dividend Yield0.43%
Average Volume (3M)57.16K
Price to Earnings (P/E)5.2
Beta (1Y)1.17
Revenue Growth6.01%
EPS Growth310.52%
CountryIN
Employees316
SectorGeneral
Sector StrengthN/A
IndustryEducation & Training Services
Share Statistics
EPS (TTM)1.38
Shares Outstanding327,731,300
10 Day Avg. Volume54,206
30 Day Avg. Volume57,163
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.59
Price to Sales (P/S)0.32
P/FCF Ratio1.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 resou...
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 st...
Zee Learn Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
48
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.24B | 4.39B | 3.93B | 3.56B | 3.24B | 2.48B |
| Gross Profit | 1.69B | 1.55B | 1.92B | 2.61B | 2.26B | 1.93B |
| EBITDA | 1.52B | 1.50B | 1.24B | 2.41B | -3.76B | 800.45M |
| Net Income | 450.51M | 385.25M | 127.23M | 1.63B | -4.43B | -27.24M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 15.93B | 15.09B | 10.84B | 10.24B | 14.47B |
| Cash, Cash Equivalents and Short-Term Investments | 602.26M | 8.37B | 295.19M | 225.71M | 347.40M | 318.82M |
| Total Debt | 0.00 | 3.79B | 3.99B | 3.60B | 4.63B | 4.37B |
| Total Liabilities | -2.35B | 13.58B | 13.13B | 9.01B | 8.83B | 8.45B |
| Stockholders Equity | 2.35B | 2.35B | 1.96B | 1.83B | 192.38M | 4.63B |
Cash Flow | ||||||
| Free Cash Flow | -6.36M | 945.44M | 718.21M | 477.35M | 378.08M | 613.89M |
| Operating Cash Flow | 57.24M | 1.07B | 828.90M | 504.55M | 419.79M | 625.03M |
| Investing Cash Flow | 25.21M | -62.44M | -125.64M | -52.79M | -120.22M | -56.36M |
| Financing Cash Flow | -298.87M | -705.66M | -633.50M | -609.65M | -298.83M | -368.95M |
Zee Learn Limited Technical Analysis
Negative
6.92
Price Trends
8.19
Negative
7.36
Negative
6.87
Positive
Market Momentum
-0.25
Positive
26.48
Positive
15.60
Positive
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 6.92 is below the 20-day moving average (MA) of 7.74, below the 50-day MA of 8.19, and above the 200-day MA of 6.87, indicating a neutral trend. The MACD of -0.25 indicates Positive momentum. The RSI at 26.48 is Positive, neither overbought nor oversold. The STOCH value of 15.60 is Positive, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹31.29B | 12.08 | ― | 1.48% | 21.70% | 16.88% | |
56 Neutral | ₹2.39B | 5.20 | ― | 0.43% | 6.01% | 310.52% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹3.16B | -12.99 | ― | 2.70% | 28.52% | -21.81% | |
47 Neutral | ₹132.18M | -4.12 | ― | 1.50% | -16.85% | 29.98% | |
44 Neutral | ₹255.98M | -2.90 | ― | 0.55% | -42.21% | 26.82% | |
42 Neutral | ₹107.77M | -0.31 | ― | 0.19% | ― | ― |
* General Sector Average
IN:ZEELEARN
Zee Learn Limited
6.92
-2.07
-23.03%
IN:CLEDUCATE
CL Educate Ltd.
60.98
-41.97
-40.77%
IN:EDUCOMP
Educomp Solutions Limited
0.87
-0.63
-42.00%
IN:MTEDUCARE
MT Educare Ltd
1.89
-0.14
-6.90%
IN:NIITMTS
NIIT Learning Systems Ltd
221.05
-102.93
-31.77%
IN:TREEHOUSE
Tree House Education & Accessories Limited
6.25
-1.44
-18.73%
Zee Learn Limited Corporate Events
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 corpo...
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 ...
Zee Learn Files SEBI-Mandated Demat Compliance Certificate for June Quarter
Jul 15, 2026
Zee Learn Limited has submitted a quarterly confirmation certificate to the BSE and NSE under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The filing, issued through its registrar MUFG Intime India, confirms that...
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.