Zee Learn Limited (IN:ZEELEARN)
:ZEELEARN
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Zee Learn Limited
(ZEELEARN)
Select Model
Select Model
Rating:51Neutral
Price Target:
₹4.50
▼(-34.97% Downside)
Action:ReiteratedDate:03/28/26
Overall score reflects mixed financial performance (improving operating efficiency and cash flow, but high leverage and uneven profitability) weighed down by very weak technicals (broadly below key moving averages with bearish momentum) and limited valuation support due to a negative P/E and no stated dividend yield.
Positive Factors
Asset-light franchise model with recurring fees
Zee Learn’s core model emphasizes franchising/licensing plus recurring academic and support-service fees. This asset-light structure supports scalable network growth with lower capital intensity, steady recurring cash streams and tighter unit economics that sustain margins over time.
Negative Factors
High financial leverage
A high debt-to-equity ratio increases interest burden and reduces financial flexibility. Over a multi-month horizon leverage amplifies risk from enrollment or revenue dips, constrains ability to invest in growth initiatives, and raises refinancing and solvency pressures.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-light franchise model with recurring fees
Zee Learn’s core model emphasizes franchising/licensing plus recurring academic and support-service fees. This asset-light structure supports scalable network growth with lower capital intensity, steady recurring cash streams and tighter unit economics that sustain margins over time.
Read all positive factors
Zee Learn Limited (ZEELEARN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.57B
Dividend YieldN/A
Average Volume (3M)27.53K
Price to Earnings (P/E)―
Beta (1Y)1.11
Revenue Growth28.91%
EPS Growth-94.80%
CountryIN
Employees316
SectorServices
Sector StrengthN/A
IndustryEducation & Training Services
Share Statistics
EPS (TTM)-0.08
Shares Outstanding327,062,000
10 Day Avg. Volume32,923
30 Day Avg. Volume27,529
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)0.91
Price to Sales (P/S)0.45
P/FCF Ratio2.48
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, together with its subsidiaries, operates in the education industry in India. The company operates through Educational, Construction and Leasing for Education, and Training Manpower and Related Activities segments. It operates Ki...
How the Company Makes Money
Zee Learn primarily makes money through (1) school network monetization and (2) education services and support delivered to its branded partner institutions.
1) Franchise/licensing and affiliation fees: A significant portion of Zee Learn’s model ...
Zee Learn Limited Financial Statement Overview
Summary
Income Statement
60
Neutral
Balance Sheet
55
Neutral
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.16B | 3.93B | 3.56B | 3.24B | 2.48B | 2.57B |
| Gross Profit | 1.72B | 1.92B | 2.61B | 2.26B | 1.93B | 2.00B |
| EBITDA | 1.15B | 1.24B | 2.41B | -3.76B | 800.45M | 966.04M |
| Net Income | 88.72M | 127.23M | 1.63B | -4.43B | -27.24M | -87.93M |
Balance Sheet | ||||||
| Total Assets | 15.24B | 15.09B | 10.84B | 10.24B | 14.47B | 14.72B |
| Cash, Cash Equivalents and Short-Term Investments | 80.78M | 295.19M | 225.71M | 347.40M | 318.82M | 129.87M |
| Total Debt | 4.21B | 3.99B | 3.60B | 4.63B | 4.37B | 4.44B |
| Total Liabilities | 13.33B | 13.13B | 9.01B | 8.83B | 8.45B | 8.57B |
| Stockholders Equity | 1.92B | 1.96B | 1.83B | 192.38M | 4.63B | 4.64B |
Cash Flow | ||||||
| Free Cash Flow | -6.36M | 718.21M | 477.35M | 378.08M | 613.89M | 110.92M |
| Operating Cash Flow | 57.24M | 828.90M | 504.55M | 419.79M | 625.03M | 124.30M |
| Investing Cash Flow | 25.21M | -125.64M | -52.79M | -120.22M | -56.36M | 142.58M |
| Financing Cash Flow | -298.87M | -633.50M | -609.65M | -298.83M | -368.95M | -291.19M |
Zee Learn Limited Technical Analysis
Negative
6.92
Price Trends
5.66
Negative
6.46
Negative
7.82
Negative
Market Momentum
-0.26
Negative
41.09
Neutral
63.66
Neutral
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 above the 20-day moving average (MA) of 5.04, above the 50-day MA of 5.66, and below the 200-day MA of 7.82, indicating a bearish trend. The MACD of -0.26 indicates Negative momentum. The RSI at 41.09 is Neutral, neither overbought nor oversold. The STOCH value of 63.66 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ₹5.01B | 17.04 | ― | 1.06% | ― | ― | |
71 Outperform | ₹1.45B | 20.15 | ― | ― | -18.35% | -43.75% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
55 Neutral | ₹3.07B | 13.84 | ― | ― | 17.09% | ― | |
51 Neutral | ₹1.57B | -22.75 | ― | ― | 28.91% | -94.80% | |
41 Neutral | ₹2.13B | -47.72 | ― | ― | 45.17% | ― |
* Services Sector Average
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Zee Learn Limited Corporate Events
Zee Learn Publishes Postal Ballot and E-Voting Notice for Shareholders
Feb 21, 2026
Zee Learn Limited has notified the stock exchanges that it has published newspaper advertisements regarding a Postal Ballot Notice dated February 20, 2026, and the availability of e-voting facilities for its members. The communication, made in com...
Zee Learn Board Clears Q3 FY26 Results and ESOP Re-pricing Plan
Feb 10, 2026
Zee Learn Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, following a review by its audit committee and statutory auditors. The disclosure of t...
Zee Learn Independent Director Dattatraya Kelkar Completes Tenure and Steps Down
Dec 29, 2025
Zee Learn Limited announced that the second term of Independent Director Dattatraya Kelkar has concluded, and he has ceased to be an Independent Director with effect from the close of business on 29 December 2025. Kelkar, who served on key board c...
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.