DSJ Keep Learning Limited (KEEPLEARN) AI Stock Analysis

• Market Cap: ₹312.98M
• Dividend Yield: N/A
• Average Volume (3M): 27.42K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.81
• Revenue Growth: 31.89%
• EPS Growth: 8.66%
• Country: IN
• Employees: 55
• Sector: Services
• Sector Strength: N/A
• Industry: Education & Training Services
• EPS (TTM): -0.04
• Shares Outstanding: 155,712,080
• 10 Day Avg. Volume: 51,986
• 30 Day Avg. Volume: 27,419
• PEG Ratio: -5.08
• Price to Book (P/B): 4.26
• Price to Sales (P/S): 3.05
• P/FCF Ratio: -10.36
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: ₹2.00 ▼(-31.03% Downside)

The score is primarily held back by weak financial fundamentals (high leverage and poor cash flow despite revenue growth). Technicals add a modest negative bias with the stock below key moving averages and slightly negative MACD. Valuation further pressures the score due to the very high P/E and no dividend support.

Positive Factors

Revenue Growth

Consistent double-digit revenue growth demonstrates sustained demand and product-market fit versus peers. Over a 2-6 month horizon, stable top-line expansion provides a durable base to invest in scale, improving fixed-cost absorption and supporting recovery of margins if managed prudently.

Lean Operational Headcount

A small employee base combined with revenue growth implies potential operating leverage and scalable delivery. This structural advantage can allow the company to expand enrollment or offerings without proportionate SG&A increases, supporting margin recovery and cash conversion over months.

Improving Equity Base

Gradual improvements in shareholders' equity signal progress strengthening the capital structure. Over the medium term this can lower reliance on external finance, reduce refinancing pressure, and give management more flexibility to fund growth or absorb shocks without materially raising leverage.

Negative Factors

High Leverage

A high debt-to-equity ratio creates durable financial risk: fixed interest obligations reduce cash available for reinvestment, increase refinancing vulnerability in stress, and constrain strategic flexibility. This structural leverage burden will pressure free cash flow and investment choices.

Weak Cash Generation

Persistent negative operating and free cash flows indicate the business struggles to convert earnings into cash. Over months this undermines debt servicing and capital allocation, forcing reliance on external financing or equity issuance and limiting ability to sustainably fund growth.

Declining Profitability Margins

Eroding operating and net margins signal structural cost or pricing pressures. Lower margins reduce resilience to demand shocks and limit internal cash generation. Without durable margin restoration, long-term returns on incremental revenue will remain constrained despite top-line growth.

DSJ Keep Learning Limited Business Overview & Revenue Model

Company Description

DSJ Keep Learning Limited (KEEPLEARN) is an innovative educational technology company that focuses on providing high-quality online learning solutions for individuals and organizations. Operating in the e-learning sector, KEEPLEARN offers a diverse range of courses, certifications, and training programs across various disciplines, including business, technology, health, and personal development. The company leverages advanced technology to create engaging learning experiences, utilizing features such as interactive content, assessments, and personalized learning paths to enhance educational outcomes.

How the Company Makes Money

KEEPLEARN generates revenue through multiple streams, primarily by charging subscription fees for access to its online learning platform. Users can choose from various subscription models, including monthly and annual plans, which provide them with unlimited access to a wide array of courses. Additionally, the company earns revenue from individual course sales, allowing learners to purchase specific courses without committing to a subscription. Key partnerships with educational institutions and industry leaders also contribute to KEEPLEARN's earnings, as these collaborations often result in co-branded courses and specialized training programs that attract a larger audience. Furthermore, KEEPLEARN may offer corporate training solutions, generating income from organizations seeking to upskill their employees through tailored learning modules.

DSJ Keep Learning Limited Financial Statement Overview

Summary

Revenue growth is strong, but overall financial quality is weak: profitability margins are declining, leverage is high (debt-heavy balance sheet), and cash generation is problematic with negative operating cash flow and negative free cash flow growth.

Income Statement

DSJ Keep Learning Limited has shown significant revenue growth over the years, with a notable increase from 2024 to 2025. However, the company faces challenges with declining profitability margins as evident in the reduced EBIT and EBITDA margins. The net profit margin is relatively low, signaling potential issues in cost management or operational efficiency.

Balance Sheet

The company's balance sheet reveals a high debt-to-equity ratio, indicating potential financial leverage risks. Despite improvements in stockholders' equity over time, the equity ratio remains low, suggesting reliance on debt financing. The return on equity has shown variations, reflecting fluctuating profitability and equity base.

Cash Flow

Cash flow analysis highlights concerns with negative free cash flow growth, attributed to high capital expenditures. Operating cash flow has also struggled, with negative values in recent years, indicating challenges in cash generation from core operations. The company needs to address these cash flow issues to ensure sustainability.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	101.27M	99.76M	64.32M	57.47M	48.21M	1.76M
Gross Profit	60.47M	59.08M	31.78M	31.68M	43.40M	1.46M
EBITDA	11.50M	9.28M	7.12M	7.88M	13.55M	-37.56M
Net Income	5.16M	3.29M	3.21M	623.00K	12.74M	-40.79M
Balance Sheet
Total Assets	0.00	112.84M	55.09M	44.16M	47.88M	2.99M
Cash, Cash Equivalents and Short-Term Investments	22.08M	25.10M	161.00K	1.30M	2.75M	65.00K
Total Debt	0.00	22.22M	32.48M	29.89M	31.65M	21.71M
Total Liabilities	-71.47M	41.37M	52.70M	43.69M	51.49M	23.46M
Stockholders Equity	71.47M	71.47M	2.39M	476.00K	-3.60M	-20.47M
Cash Flow
Free Cash Flow	0.00	-29.40M	1.27M	68.00K	-4.62M	-3.95M
Operating Cash Flow	0.00	-7.26M	11.69M	6.26M	-747.00K	-3.93M
Investing Cash Flow	0.00	-44.03M	-10.42M	-6.19M	-3.60M	-15.87K
Financing Cash Flow	0.00	33.42M	-2.42M	-1.52M	7.04M	3.83M

DSJ Keep Learning Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KEEPLEARN, the sentiment is Negative. The current price of 2.9 is above the 20-day moving average (MA) of 2.16, above the 50-day MA of 2.34, and above the 200-day MA of 2.89, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 37.50 is Neutral, neither overbought nor oversold. The STOCH value of 38.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KEEPLEARN.

DSJ Keep Learning Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
ZEELEARN	55 Neutral	₹2.00B	20.02	―	―	28.91%	-94.80%
CLEDUCATE	52 Neutral	₹2.44B	-7.66	―	―	43.91%	-249.30%
EDUCOMP	42 Neutral	₹126.14M	―	―	―	―	―
KEEPLEARN	41 Neutral	₹312.98M	-125.95	―	―	31.89%	8.66%
MTEDUCARE	41 Neutral	₹106.90M	-0.55	―	―	-3.63%	24.10%