# Computer Education — company-by-company sector analysis

> Computer Education: NIIT Learning Systems Ltd owns the largest revenue base; Mobavenue AI Tech Ltd has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice.

## Bottom line

The 52-week sector comparison is unavailable. 5 of 7 covered companies currently have positive Mansfield relative strength versus NIFTY 500. NIIT Learning Systems Ltd leads with revenue of ₹2,066 crore, based on 7 of 7 comparable companies through Jun 2026. Mobavenue AI Tech Ltd has the fastest current revenue growth at 100%, across 7 of 7 comparable companies.

### Is the Computer Education sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 5 of 7 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

### Which Computer Education company is largest by revenue?

NIIT Learning Systems Ltd leads with revenue of ₹2,066 crore, based on 7 of 7 comparable companies through Jun 2026.

### Which Computer Education company is growing fastest?

Mobavenue AI Tech Ltd has the fastest current revenue growth at 100%, across 7 of 7 comparable companies.

### Which Computer Education company has the strongest 4-Factor Sector Score?

Veranda Learning Solutions Ltd ranks first at 61.5/100 with 82.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Computer Education company reports the most CAPEX?

Vinsys IT Services India Ltd reports the largest latest CAPEX at ₹11 crore, with 2 of 7 companies comparable.

### Which Computer Education company has the least gross debt?

Shanti Educational Initiatives Ltd has the lowest comparable gross debt at ₹6 crore. Veranda Learning Solutions Ltd has the highest at ₹382 crore.

### Which Computer Education company has the lowest comparable PEG?

NIIT Learning Systems Ltd has the lowest comparable Guarded PEG at 2.51, among 1 of 7 companies that pass the metric’s comparability rules.

### How much history does this Computer Education comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

The 52-week comparison of Computer Education against NIFTY 500 is not available from the current market series. 5 of 7 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Shanti Educational Initiatives Ltd is the strongest against the sector itself at +59.8%. Readings are as of 2026-07-19.

13-week sector return versus NIFTY 500: —
52-week sector return versus NIFTY 500: —
Stocks leading NIFTY: 5/7
Stocks leading sector: 2/6

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 7
Combined market value: ₹13.6K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Veranda Learning Solutions Ltd (VERANDA): 62/100 — Mixed-positive evidence; evidence 83%
   - Growth & earnings 26.1/35 | Capital efficiency 11.8/25 | Valuation 7.8/20 | Relative strength 15.8/20
   - Exact sum: 26.1 + 11.8 + 7.8 + 15.8 = 61.5
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2. Mobavenue AI Tech Ltd (539682): 61/100 — Mixed-positive evidence; evidence 72%
   - Growth & earnings 23.5/35 | Capital efficiency 17.6/25 | Valuation 10.0/20 | Relative strength 9.9/20
   - Exact sum: 23.5 + 17.6 + 10 + 9.9 = 61
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. Vinsys IT Services India Ltd (VINSYS): 54/100 — Thin evidence · provisional; evidence 55%
   - Growth & earnings 18.4/35 | Capital efficiency 15.2/25 | Valuation 8.1/20 | Relative strength 12.5/20
   - Exact sum: 18.4 + 15.2 + 8.1 + 12.5 = 54.2
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4. Aptech Ltd (APTECHT): 50/100 — Mixed-negative evidence; evidence 83%
   - Growth & earnings 16.7/35 | Capital efficiency 15.6/25 | Valuation 13.5/20 | Relative strength 4.1/20
   - Exact sum: 16.7 + 15.6 + 13.5 + 4.1 = 49.9
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5. Shanti Educational Initiatives Ltd (SEIL): 48/100 — Mixed-negative evidence; evidence 65%
   - Growth & earnings 13.5/35 | Capital efficiency 9.1/25 | Valuation 8.5/20 | Relative strength 16.5/20
   - Exact sum: 13.5 + 9.1 + 8.5 + 16.5 = 47.6
   - Decision use: Price leads the evidence: RS versus the benchmark is 27%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
6. NIIT Learning Systems Ltd (NIITMTS): 41/100 — Mixed-negative evidence; evidence 100%
   - Growth & earnings 11.9/35 | Capital efficiency 15.7/25 | Valuation 11.0/20 | Relative strength 2.3/20
   - Exact sum: 11.9 + 15.7 + 11 + 2.3 = 40.9
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7. NIIT Ltd (NIITLTD): 40/100 — Mixed-negative evidence; evidence 74%
   - Growth & earnings 14.1/35 | Capital efficiency 9.2/25 | Valuation 9.5/20 | Relative strength 7.6/20
   - Exact sum: 14.1 + 9.2 + 9.5 + 7.6 = 40.4
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

## Revenue Scale & Growth Durability

What the numbers say: NIIT Learning Systems Ltd is the scale leader at ₹2,066 crore, 310.4% ahead of Aptech Ltd. Mobavenue AI Tech Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 359.6% from a ₹218 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: NIIT Learning Systems Ltd is the scale benchmark; Mobavenue AI Tech Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: NIIT Learning Systems Ltd's growth falls below Mobavenue AI Tech Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: NIIT Learning Systems Ltd · ₹2,066 crore | 310.4% versus #2 · Aptech Ltd | 8/8 recent comparable periods | 7/7 companies · 103 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. NIIT Learning Systems Ltd (NIITMTS): ₹2.1K Cr
2. Aptech Ltd (APTECHT): ₹503 Cr
3. Veranda Learning Solutions Ltd (VERANDA): ₹482 Cr
4. Vinsys IT Services India Ltd (VINSYS): ₹480 Cr
5. NIIT Ltd (NIITLTD): ₹402 Cr

### Revenue growth — fastest growers
1. Mobavenue AI Tech Ltd (539682): 100%
2. Vinsys IT Services India Ltd (VINSYS): 81%
3. NIIT Learning Systems Ltd (NIITMTS): 22%
4. Veranda Learning Solutions Ltd (VERANDA): 17%
5. NIIT Ltd (NIITLTD): 12%

### 20-quarter Revenue history
- 539682: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹0 Cr | Dec 2022 ₹0 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹10 Cr | Dec 2024 ₹33 Cr | Mar 2025 ₹5 Cr | Jun 2025 ₹46 Cr | Sep 2025 ₹54 Cr | Dec 2025 ₹55 Cr | Mar 2026 ₹63 Cr | Jun 2026 —
- SEIL: Sep 2021 ₹1 Cr | Dec 2021 ₹1 Cr | Mar 2022 ₹1 Cr | Jun 2022 ₹5 Cr | Sep 2022 ₹2 Cr | Dec 2022 ₹1 Cr | Mar 2023 ₹4 Cr | Jun 2023 ₹8 Cr | Sep 2023 ₹5 Cr | Dec 2023 ₹3 Cr | Mar 2024 ₹3 Cr | Jun 2024 ₹10 Cr | Sep 2024 ₹10 Cr | Dec 2024 ₹21 Cr | Mar 2025 ₹19 Cr | Jun 2025 ₹15 Cr | Sep 2025 ₹11 Cr | Dec 2025 ₹6 Cr | Mar 2026 ₹23 Cr | Jun 2026 —
- NIITMTS: Sep 2021 — | Dec 2021 — | Mar 2022 ₹297 Cr | Jun 2022 ₹312 Cr | Sep 2022 ₹300 Cr | Dec 2022 ₹363 Cr | Mar 2023 ₹386 Cr | Jun 2023 ₹382 Cr | Sep 2023 ₹382 Cr | Dec 2023 ₹391 Cr | Mar 2024 ₹398 Cr | Jun 2024 ₹407 Cr | Sep 2024 ₹397 Cr | Dec 2024 ₹419 Cr | Mar 2025 ₹430 Cr | Jun 2025 ₹451 Cr | Sep 2025 ₹476 Cr | Dec 2025 ₹500 Cr | Mar 2026 ₹525 Cr | Jun 2026 ₹565 Cr
- VERANDA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹48 Cr | Mar 2023 ₹48 Cr | Jun 2023 ₹69 Cr | Sep 2023 ₹98 Cr | Dec 2023 ₹92 Cr | Mar 2024 ₹103 Cr | Jun 2024 ₹119 Cr | Sep 2024 ₹106 Cr | Dec 2024 ₹99 Cr | Mar 2025 ₹87 Cr | Jun 2025 ₹106 Cr | Sep 2025 ₹127 Cr | Dec 2025 ₹117 Cr | Mar 2026 ₹132 Cr | Jun 2026 —
- NIITLTD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹93 Cr | Mar 2023 ₹60 Cr | Jun 2023 ₹63 Cr | Sep 2023 ₹81 Cr | Dec 2023 ₹85 Cr | Mar 2024 ₹74 Cr | Jun 2024 ₹82 Cr | Sep 2024 ₹91 Cr | Dec 2024 ₹98 Cr | Mar 2025 ₹86 Cr | Jun 2025 ₹84 Cr | Sep 2025 ₹105 Cr | Dec 2025 ₹101 Cr | Mar 2026 ₹100 Cr | Jun 2026 ₹96 Cr
- VINSYS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹34 Cr | Dec 2022 — | Mar 2023 ₹61 Cr | Jun 2023 — | Sep 2023 ₹79 Cr | Dec 2023 — | Mar 2024 ₹91 Cr | Jun 2024 — | Sep 2024 ₹92 Cr | Dec 2024 — | Mar 2025 ₹120 Cr | Jun 2025 — | Sep 2025 ₹120 Cr | Dec 2025 — | Mar 2026 ₹148 Cr | Jun 2026 —
- APTECHT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹117 Cr | Mar 2023 ₹178 Cr | Jun 2023 ₹123 Cr | Sep 2023 ₹109 Cr | Dec 2023 ₹101 Cr | Mar 2024 ₹104 Cr | Jun 2024 ₹105 Cr | Sep 2024 ₹127 Cr | Dec 2024 ₹110 Cr | Mar 2025 ₹119 Cr | Jun 2025 ₹120 Cr | Sep 2025 ₹135 Cr | Dec 2025 ₹137 Cr | Mar 2026 ₹111 Cr | Jun 2026 —

### 20-quarter Revenue growth history
- 539682: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 441% | Dec 2025 67% | Mar 2026 1,285% | Jun 2026 —
- SEIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 400% | Sep 2022 100% | Dec 2022 0.0% | Mar 2023 300% | Jun 2023 69% | Sep 2023 126% | Dec 2023 219% | Mar 2024 -28% | Jun 2024 16% | Sep 2024 116% | Dec 2024 544% | Mar 2025 550% | Jun 2025 54% | Sep 2025 17% | Dec 2025 -72% | Mar 2026 23% | Jun 2026 —
- NIITMTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 30% | Jun 2023 22% | Sep 2023 27% | Dec 2023 7.7% | Mar 2024 3.1% | Jun 2024 6.5% | Sep 2024 3.9% | Dec 2024 7.2% | Mar 2025 8.0% | Jun 2025 11% | Sep 2025 20% | Dec 2025 19% | Mar 2026 22% | Jun 2026 25%
- VERANDA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 92% | Mar 2024 115% | Jun 2024 72% | Sep 2024 8.2% | Dec 2024 7.6% | Mar 2025 -16% | Jun 2025 -11% | Sep 2025 20% | Dec 2025 18% | Mar 2026 52% | Jun 2026 —
- NIITLTD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -8.6% | Mar 2024 24% | Jun 2024 32% | Sep 2024 11% | Dec 2024 15% | Mar 2025 16% | Jun 2025 2.0% | Sep 2025 16% | Dec 2025 3.3% | Mar 2026 16% | Jun 2026 14%
- VINSYS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 132% | Dec 2023 — | Mar 2024 49% | Jun 2024 — | Sep 2024 16% | Dec 2024 — | Mar 2025 32% | Jun 2025 — | Sep 2025 30% | Dec 2025 — | Mar 2026 23% | Jun 2026 —
- APTECHT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -14% | Mar 2024 -42% | Jun 2024 -15% | Sep 2024 16% | Dec 2024 9.5% | Mar 2025 14% | Jun 2025 15% | Sep 2025 6.6% | Dec 2025 24% | Mar 2026 -6.5% | Jun 2026 —

## Operating Economics & Margin Trend

What the numbers say: Veranda Learning Solutions Ltd leads both opm at 35% and margin change at +14 percentage points.

Investor read: Veranda Learning Solutions Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: Veranda Learning Solutions Ltd · 35% | 64.3% versus #2 · Mobavenue AI Tech Ltd | 6/8 recent comparable periods | 7/7 companies · 111 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Veranda Learning Solutions Ltd (VERANDA): 35%
2. Mobavenue AI Tech Ltd (539682): 21%
3. Vinsys IT Services India Ltd (VINSYS): 20%
4. NIIT Learning Systems Ltd (NIITMTS): 16%
5. Shanti Educational Initiatives Ltd (SEIL): 3.4%

### Margin change — fastest expanders
1. Veranda Learning Solutions Ltd (VERANDA): +14.0 pp
2. NIIT Ltd (NIITLTD): +7.9 pp
3. Shanti Educational Initiatives Ltd (SEIL): +6.2 pp
4. Vinsys IT Services India Ltd (VINSYS): −1.0 pp
5. Aptech Ltd (APTECHT): −3.9 pp

### 20-quarter OPM history
- 539682: Sep 2021 — | Dec 2021 5.6% | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 10% | Dec 2024 17% | Mar 2025 26% | Jun 2025 19% | Sep 2025 20% | Dec 2025 22% | Mar 2026 21% | Jun 2026 —
- SEIL: Sep 2021 -40% | Dec 2021 -47% | Mar 2022 -63% | Jun 2022 41% | Sep 2022 -32% | Dec 2022 -63% | Mar 2023 3.7% | Jun 2023 44% | Sep 2023 23% | Dec 2023 -24% | Mar 2024 -83% | Jun 2024 40% | Sep 2024 15% | Dec 2024 11% | Mar 2025 -2.8% | Jun 2025 27% | Sep 2025 17% | Dec 2025 -9.1% | Mar 2026 3.4% | Jun 2026 —
- NIITMTS: Sep 2021 — | Dec 2021 — | Mar 2022 22% | Jun 2022 23% | Sep 2022 18% | Dec 2022 22% | Mar 2023 23% | Jun 2023 22% | Sep 2023 24% | Dec 2023 23% | Mar 2024 24% | Jun 2024 24% | Sep 2024 22% | Dec 2024 22% | Mar 2025 19% | Jun 2025 20% | Sep 2025 19% | Dec 2025 19% | Mar 2026 17% | Jun 2026 16%
- VERANDA: Sep 2021 -101% | Dec 2021 -37% | Mar 2022 -45% | Jun 2022 -49% | Sep 2022 -45% | Dec 2022 -44% | Mar 2023 -43% | Jun 2023 6.0% | Sep 2023 15% | Dec 2023 15% | Mar 2024 21% | Jun 2024 17% | Sep 2024 26% | Dec 2024 -33% | Mar 2025 21% | Jun 2025 30% | Sep 2025 36% | Dec 2025 32% | Mar 2026 35% | Jun 2026 —
- NIITLTD: Sep 2021 23% | Dec 2021 21% | Mar 2022 0.3% | Jun 2022 -2.3% | Sep 2022 2.6% | Dec 2022 7.4% | Mar 2023 -18% | Jun 2023 -13% | Sep 2023 1.8% | Dec 2023 8.4% | Mar 2024 0.7% | Jun 2024 -1.3% | Sep 2024 -1.2% | Dec 2024 7.0% | Mar 2025 -1.7% | Jun 2025 -12% | Sep 2025 -1.1% | Dec 2025 -0.9% | Mar 2026 -1.5% | Jun 2026 -3.9%
- VINSYS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 14% | Dec 2022 — | Mar 2023 24% | Jun 2023 — | Sep 2023 12% | Dec 2023 — | Mar 2024 21% | Jun 2024 — | Sep 2024 16% | Dec 2024 — | Mar 2025 21% | Jun 2025 — | Sep 2025 11% | Dec 2025 — | Mar 2026 20% | Jun 2026 —
- APTECHT: Sep 2021 29% | Dec 2021 22% | Mar 2022 15% | Jun 2022 6.7% | Sep 2022 14% | Dec 2022 19% | Mar 2023 20% | Jun 2023 11% | Sep 2023 12% | Dec 2023 9.0% | Mar 2024 4.6% | Jun 2024 6.7% | Sep 2024 6.1% | Dec 2024 5.8% | Mar 2025 6.6% | Jun 2025 6.1% | Sep 2025 5.7% | Dec 2025 9.9% | Mar 2026 2.6% | Jun 2026 —

### 20-quarter Margin change history
- 539682: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 +9.9 pp | Dec 2025 +4.8 pp | Mar 2026 −5.0 pp | Jun 2026 —
- SEIL: Sep 2021 −58.5 pp | Dec 2021 +392.4 pp | Mar 2022 +49.8 pp | Jun 2022 +40.1 pp | Sep 2022 +7.8 pp | Dec 2022 −16.8 pp | Mar 2023 +67.2 pp | Jun 2023 +2.8 pp | Sep 2023 +54.8 pp | Dec 2023 +39.2 pp | Mar 2024 −86.8 pp | Jun 2024 −3.8 pp | Sep 2024 −7.6 pp | Dec 2024 +35.0 pp | Mar 2025 +80.3 pp | Jun 2025 −13.6 pp | Sep 2025 +1.7 pp | Dec 2025 −20.0 pp | Mar 2026 +6.2 pp | Jun 2026 —
- NIITMTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 +1.2 pp | Jun 2023 −0.9 pp | Sep 2023 +6.3 pp | Dec 2023 +1.0 pp | Mar 2024 +1.0 pp | Jun 2024 +2.0 pp | Sep 2024 −2.0 pp | Dec 2024 −1.0 pp | Mar 2025 −5.0 pp | Jun 2025 −4.0 pp | Sep 2025 −3.0 pp | Dec 2025 −3.0 pp | Mar 2026 −2.0 pp | Jun 2026 −4.0 pp
- VERANDA: Sep 2021 — | Dec 2021 — | Mar 2022 +210.5 pp | Jun 2022 +45.0 pp | Sep 2022 +55.6 pp | Dec 2022 −6.9 pp | Mar 2023 +1.8 pp | Jun 2023 +54.9 pp | Sep 2023 +60.2 pp | Dec 2023 +59.0 pp | Mar 2024 +64.0 pp | Jun 2024 +11.0 pp | Sep 2024 +11.0 pp | Dec 2024 −48.0 pp | Mar 2025 0.0 pp | Jun 2025 +13.0 pp | Sep 2025 +10.0 pp | Dec 2025 +65.0 pp | Mar 2026 +14.0 pp | Jun 2026 —
- NIITLTD: Sep 2021 +9.6 pp | Dec 2021 +4.6 pp | Mar 2022 −23.7 pp | Jun 2022 −24.6 pp | Sep 2022 −20.6 pp | Dec 2022 −13.8 pp | Mar 2023 −18.0 pp | Jun 2023 −10.3 pp | Sep 2023 −0.8 pp | Dec 2023 +1.0 pp | Mar 2024 +18.5 pp | Jun 2024 +11.2 pp | Sep 2024 −2.9 pp | Dec 2024 −1.3 pp | Mar 2025 −2.4 pp | Jun 2025 −10.4 pp | Sep 2025 +0.0 pp | Dec 2025 −7.9 pp | Mar 2026 +0.3 pp | Jun 2026 +7.9 pp
- VINSYS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 −2.0 pp | Dec 2023 — | Mar 2024 −3.0 pp | Jun 2024 — | Sep 2024 +4.0 pp | Dec 2024 — | Mar 2025 0.0 pp | Jun 2025 — | Sep 2025 −5.0 pp | Dec 2025 — | Mar 2026 −1.0 pp | Jun 2026 —
- APTECHT: Sep 2021 +13.6 pp | Dec 2021 −15.9 pp | Mar 2022 −3.7 pp | Jun 2022 +4.1 pp | Sep 2022 −14.9 pp | Dec 2022 −2.5 pp | Mar 2023 +4.6 pp | Jun 2023 +4.6 pp | Sep 2023 −1.2 pp | Dec 2023 −10.3 pp | Mar 2024 −15.0 pp | Jun 2024 −4.6 pp | Sep 2024 −6.3 pp | Dec 2024 −3.2 pp | Mar 2025 +2.0 pp | Jun 2025 −0.6 pp | Sep 2025 −0.5 pp | Dec 2025 +4.1 pp | Mar 2026 −3.9 pp | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: NIIT Learning Systems Ltd leads with ₹255 crore of TTM profit, 94.7% above Veranda Learning Solutions Ltd. Mobavenue AI Tech Ltd shows ≥100% on the scoring scale (464.4% uncapped) growth from a ₹29 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: NIIT Learning Systems Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: NIIT Learning Systems Ltd · ₹255 crore | 94.7% versus #2 · Veranda Learning Solutions Ltd | 5/8 recent comparable periods | 7/7 companies · 103 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. NIIT Learning Systems Ltd (NIITMTS): ₹255 Cr
2. Veranda Learning Solutions Ltd (VERANDA): ₹131 Cr
3. Vinsys IT Services India Ltd (VINSYS): ₹60 Cr
4. Mobavenue AI Tech Ltd (539682): ₹29 Cr
5. Aptech Ltd (APTECHT): ₹24 Cr

### Profit growth — fastest growers
1. Mobavenue AI Tech Ltd (539682): 100%
2. Veranda Learning Solutions Ltd (VERANDA): 100%
3. Vinsys IT Services India Ltd (VINSYS): 58%
4. Aptech Ltd (APTECHT): 23%
5. NIIT Learning Systems Ltd (NIITMTS): 18%

### 20-quarter Net profit history
- 539682: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹-0 Cr | Dec 2022 ₹-0 Cr | Mar 2023 ₹-0 Cr | Jun 2023 ₹-0 Cr | Sep 2023 ₹-0 Cr | Dec 2023 ₹-0 Cr | Mar 2024 ₹-0 Cr | Jun 2024 ₹-0 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹4 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹6 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹8 Cr | Mar 2026 ₹8 Cr | Jun 2026 —
- SEIL: Sep 2021 ₹0 Cr | Dec 2021 ₹-1 Cr | Mar 2022 ₹1 Cr | Jun 2022 ₹1 Cr | Sep 2022 ₹1 Cr | Dec 2022 ₹0 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹-1 Cr | Jun 2024 ₹3 Cr | Sep 2024 ₹3 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹-0 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹3 Cr | Dec 2025 ₹-1 Cr | Mar 2026 ₹1 Cr | Jun 2026 —
- NIITMTS: Sep 2021 — | Dec 2021 — | Mar 2022 ₹54 Cr | Jun 2022 ₹55 Cr | Sep 2022 ₹37 Cr | Dec 2022 ₹46 Cr | Mar 2023 ₹54 Cr | Jun 2023 ₹55 Cr | Sep 2023 ₹47 Cr | Dec 2023 ₹57 Cr | Mar 2024 ₹54 Cr | Jun 2024 ₹60 Cr | Sep 2024 ₹57 Cr | Dec 2024 ₹62 Cr | Mar 2025 ₹49 Cr | Jun 2025 ₹49 Cr | Sep 2025 ₹47 Cr | Dec 2025 ₹74 Cr | Mar 2026 ₹77 Cr | Jun 2026 ₹57 Cr
- VERANDA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹1 Cr | Mar 2023 ₹-39 Cr | Jun 2023 ₹-19 Cr | Sep 2023 ₹-2 Cr | Dec 2023 ₹-17 Cr | Mar 2024 ₹-39 Cr | Jun 2024 ₹-25 Cr | Sep 2024 ₹-32 Cr | Dec 2024 ₹-203 Cr | Mar 2025 ₹8 Cr | Jun 2025 ₹6 Cr | Sep 2025 ₹96 Cr | Dec 2025 ₹13 Cr | Mar 2026 ₹16 Cr | Jun 2026 —
- NIITLTD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹16 Cr | Mar 2023 ₹-9 Cr | Jun 2023 ₹2 Cr | Sep 2023 ₹11 Cr | Dec 2023 ₹15 Cr | Mar 2024 ₹11 Cr | Jun 2024 ₹8 Cr | Sep 2024 ₹12 Cr | Dec 2024 ₹14 Cr | Mar 2025 ₹14 Cr | Jun 2025 ₹4 Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹5 Cr | Mar 2026 ₹-3 Cr | Jun 2026 ₹8 Cr
- VINSYS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹3 Cr | Dec 2022 — | Mar 2023 ₹12 Cr | Jun 2023 — | Sep 2023 ₹8 Cr | Dec 2023 — | Mar 2024 ₹15 Cr | Jun 2024 — | Sep 2024 ₹11 Cr | Dec 2024 — | Mar 2025 ₹19 Cr | Jun 2025 — | Sep 2025 ₹9 Cr | Dec 2025 — | Mar 2026 ₹21 Cr | Jun 2026 —
- APTECHT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹18 Cr | Mar 2023 ₹33 Cr | Jun 2023 ₹8 Cr | Sep 2023 ₹11 Cr | Dec 2023 ₹7 Cr | Mar 2024 ₹3 Cr | Jun 2024 ₹5 Cr | Sep 2024 ₹6 Cr | Dec 2024 ₹4 Cr | Mar 2025 ₹5 Cr | Jun 2025 ₹7 Cr | Sep 2025 ₹6 Cr | Dec 2025 ₹9 Cr | Mar 2026 ₹2 Cr | Jun 2026 —

### 20-quarter Profit growth history
- 539682: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 1,097% | Dec 2025 107% | Mar 2026 753% | Jun 2026 —
- SEIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.0% | Jun 2023 213% | Sep 2023 44% | Dec 2023 — | Mar 2024 -209% | Jun 2024 -1.3% | Sep 2024 74% | Dec 2024 1,047% | Mar 2025 — | Jun 2025 -6.2% | Sep 2025 4.8% | Dec 2025 -131% | Mar 2026 — | Jun 2026 —
- NIITMTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.0% | Jun 2023 0.0% | Sep 2023 27% | Dec 2023 24% | Mar 2024 0.0% | Jun 2024 9.1% | Sep 2024 21% | Dec 2024 8.8% | Mar 2025 -9.3% | Jun 2025 -18% | Sep 2025 -18% | Dec 2025 19% | Mar 2026 57% | Jun 2026 16%
- VERANDA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -1,800% | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 100% | Jun 2026 —
- NIITLTD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -4.0% | Mar 2024 — | Jun 2024 237% | Sep 2024 14% | Dec 2024 -7.1% | Mar 2025 20% | Jun 2025 -49% | Sep 2025 -95% | Dec 2025 -67% | Mar 2026 -125% | Jun 2026 79%
- VINSYS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 167% | Dec 2023 — | Mar 2024 25% | Jun 2024 — | Sep 2024 38% | Dec 2024 — | Mar 2025 27% | Jun 2025 — | Sep 2025 -18% | Dec 2025 — | Mar 2026 11% | Jun 2026 —
- APTECHT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -62% | Mar 2024 -92% | Jun 2024 -38% | Sep 2024 -52% | Dec 2024 -47% | Mar 2025 80% | Jun 2025 33% | Sep 2025 17% | Dec 2025 139% | Mar 2026 -64% | Jun 2026 —

## Capacity Spending & Returns On It

What the numbers say: Vinsys IT Services India Ltd reports ₹11 crore of CAPEX; Vinsys IT Services India Ltd has the highest covered intensity at 7.4%. Coverage is only 2 of 7 companies and 7 reported observations, so this is partial evidence—not a complete sector rank.

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

Evidence: Vinsys IT Services India Ltd · ₹11 crore | 11× versus #2 · Veranda Learning Solutions Ltd | 6/6 recent comparable periods | 2/7 companies · 7 observations

Definition: CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

### CAPEX — largest spenders
1. Vinsys IT Services India Ltd (VINSYS): ₹11 Cr
2. Veranda Learning Solutions Ltd (VERANDA): ₹1 Cr

### CAPEX intensity — highest reinvestment intensity
1. Vinsys IT Services India Ltd (VINSYS): 7.4%

### 20-quarter CAPEX history
- VERANDA: Sep 2021 ₹1 Cr | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- VINSYS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 ₹5 Cr | Dec 2023 — | Mar 2024 ₹16 Cr | Jun 2024 — | Sep 2024 ₹5 Cr | Dec 2024 — | Mar 2025 ₹10 Cr | Jun 2025 — | Sep 2025 ₹8 Cr | Dec 2025 — | Mar 2026 ₹11 Cr | Jun 2026 —

### 20-quarter CAPEX intensity history
- VINSYS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 6.3% | Dec 2023 — | Mar 2024 18% | Jun 2024 — | Sep 2024 5.4% | Dec 2024 — | Mar 2025 8.3% | Jun 2025 — | Sep 2025 6.7% | Dec 2025 — | Mar 2026 7.4% | Jun 2026 —

## Debt Load & Balance-Sheet Headroom

What the numbers say: NIIT Ltd has the clearest covered balance-sheet capacity with ₹674 crore net cash and gross debt of ₹7 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Evidence: Shanti Educational Initiatives Ltd · ₹6 crore | 15.1% versus #2 · NIIT Ltd | 0/8 recent comparable periods | 7/7 companies · 90 observations

Definition: Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

### Gross debt — lowest gross debt
1. Shanti Educational Initiatives Ltd (SEIL): ₹6 Cr
2. NIIT Ltd (NIITLTD): ₹7 Cr
3. Mobavenue AI Tech Ltd (539682): ₹13 Cr
4. Aptech Ltd (APTECHT): ₹13 Cr
5. Vinsys IT Services India Ltd (VINSYS): ₹52 Cr

### Net debt — lowest net debt
1. NIIT Ltd (NIITLTD): ₹-674 Cr
2. NIIT Learning Systems Ltd (NIITMTS): ₹-570 Cr
3. Shanti Educational Initiatives Ltd (SEIL): ₹4 Cr
4. Vinsys IT Services India Ltd (VINSYS): ₹31 Cr
5. Veranda Learning Solutions Ltd (VERANDA): ₹347 Cr

### 20-quarter Gross debt history
- 539682: Sep 2021 — | Dec 2021 — | Mar 2022 ₹4 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹4 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹5 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 ₹16 Cr | Dec 2025 — | Mar 2026 ₹13 Cr | Jun 2026 —
- SEIL: Sep 2021 ₹3 Cr | Dec 2021 ₹3 Cr | Mar 2022 ₹3 Cr | Jun 2022 ₹3 Cr | Sep 2022 ₹2 Cr | Dec 2022 ₹2 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹2 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹2 Cr | Mar 2024 ₹2 Cr | Jun 2024 — | Sep 2024 ₹4 Cr | Dec 2024 ₹4 Cr | Mar 2025 ₹8 Cr | Jun 2025 ₹8 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹7 Cr | Mar 2026 ₹6 Cr | Jun 2026 —
- NIITMTS: Sep 2021 — | Dec 2021 — | Mar 2022 ₹12 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹129 Cr | Jun 2023 ₹129 Cr | Sep 2023 ₹133 Cr | Dec 2023 ₹133 Cr | Mar 2024 ₹132 Cr | Jun 2024 ₹132 Cr | Sep 2024 ₹117 Cr | Dec 2024 ₹117 Cr | Mar 2025 ₹103 Cr | Jun 2025 ₹103 Cr | Sep 2025 ₹260 Cr | Dec 2025 ₹260 Cr | Mar 2026 ₹318 Cr | Jun 2026 —
- VERANDA: Sep 2021 ₹166 Cr | Dec 2021 — | Mar 2022 ₹203 Cr | Jun 2022 ₹203 Cr | Sep 2022 ₹85 Cr | Dec 2022 ₹85 Cr | Mar 2023 ₹306 Cr | Jun 2023 ₹306 Cr | Sep 2023 ₹454 Cr | Dec 2023 ₹454 Cr | Mar 2024 ₹583 Cr | Jun 2024 ₹583 Cr | Sep 2024 ₹616 Cr | Dec 2024 ₹616 Cr | Mar 2025 ₹660 Cr | Jun 2025 ₹660 Cr | Sep 2025 ₹358 Cr | Dec 2025 ₹358 Cr | Mar 2026 ₹382 Cr | Jun 2026 —
- NIITLTD: Sep 2021 ₹35 Cr | Dec 2021 ₹35 Cr | Mar 2022 ₹25 Cr | Jun 2022 ₹25 Cr | Sep 2022 ₹28 Cr | Dec 2022 ₹28 Cr | Mar 2023 ₹13 Cr | Jun 2023 ₹13 Cr | Sep 2023 ₹10 Cr | Dec 2023 ₹10 Cr | Mar 2024 ₹8 Cr | Jun 2024 ₹8 Cr | Sep 2024 ₹8 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹6 Cr | Jun 2025 ₹6 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹7 Cr | Mar 2026 ₹7 Cr | Jun 2026 ₹7 Cr
- VINSYS: Sep 2021 — | Dec 2021 — | Mar 2022 ₹20 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹23 Cr | Jun 2023 — | Sep 2023 ₹26 Cr | Dec 2023 — | Mar 2024 ₹18 Cr | Jun 2024 — | Sep 2024 ₹30 Cr | Dec 2024 — | Mar 2025 ₹19 Cr | Jun 2025 — | Sep 2025 ₹45 Cr | Dec 2025 — | Mar 2026 ₹52 Cr | Jun 2026 —
- APTECHT: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹7 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹8 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹7 Cr | Jun 2025 — | Sep 2025 ₹14 Cr | Dec 2025 — | Mar 2026 ₹13 Cr | Jun 2026 —

### 20-quarter Net debt history
- SEIL: Sep 2021 ₹2 Cr | Dec 2021 ₹2 Cr | Mar 2022 ₹1 Cr | Jun 2022 ₹1 Cr | Sep 2022 ₹-1 Cr | Dec 2022 ₹-1 Cr | Mar 2023 ₹-2 Cr | Jun 2023 ₹-2 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹1 Cr | Jun 2024 — | Sep 2024 ₹3 Cr | Dec 2024 ₹3 Cr | Mar 2025 ₹5 Cr | Jun 2025 ₹5 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹2 Cr | Mar 2026 ₹4 Cr | Jun 2026 —
- NIITMTS: Sep 2021 — | Dec 2021 — | Mar 2022 ₹-7 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹-410 Cr | Jun 2023 ₹-432 Cr | Sep 2023 ₹-395 Cr | Dec 2023 ₹-395 Cr | Mar 2024 ₹-514 Cr | Jun 2024 ₹-500 Cr | Sep 2024 ₹-593 Cr | Dec 2024 ₹-593 Cr | Mar 2025 ₹-664 Cr | Jun 2025 ₹-624 Cr | Sep 2025 ₹-500 Cr | Dec 2025 ₹-500 Cr | Mar 2026 ₹-570 Cr | Jun 2026 —
- VERANDA: Sep 2021 ₹146 Cr | Dec 2021 — | Mar 2022 ₹154 Cr | Jun 2022 ₹127 Cr | Sep 2022 ₹47 Cr | Dec 2022 ₹47 Cr | Mar 2023 ₹219 Cr | Jun 2023 ₹219 Cr | Sep 2023 ₹353 Cr | Dec 2023 ₹353 Cr | Mar 2024 ₹554 Cr | Jun 2024 ₹554 Cr | Sep 2024 ₹556 Cr | Dec 2024 ₹556 Cr | Mar 2025 ₹595 Cr | Jun 2025 ₹595 Cr | Sep 2025 ₹336 Cr | Dec 2025 ₹336 Cr | Mar 2026 ₹347 Cr | Jun 2026 —
- NIITLTD: Sep 2021 ₹-1.1K Cr | Dec 2021 ₹-1.1K Cr | Mar 2022 ₹-1.2K Cr | Jun 2022 ₹-1.2K Cr | Sep 2022 ₹-1.1K Cr | Dec 2022 ₹-1.1K Cr | Mar 2023 ₹-701 Cr | Jun 2023 ₹-630 Cr | Sep 2023 ₹-654 Cr | Dec 2023 ₹-654 Cr | Mar 2024 ₹-709 Cr | Jun 2024 ₹-678 Cr | Sep 2024 ₹-672 Cr | Dec 2024 ₹-672 Cr | Mar 2025 ₹-749 Cr | Jun 2025 ₹-727 Cr | Sep 2025 ₹-658 Cr | Dec 2025 ₹-658 Cr | Mar 2026 ₹-674 Cr | Jun 2026 ₹-674 Cr
- VINSYS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹15 Cr | Jun 2023 — | Sep 2023 ₹-5 Cr | Dec 2023 — | Mar 2024 ₹-2 Cr | Jun 2024 — | Sep 2024 ₹11 Cr | Dec 2024 — | Mar 2025 ₹-1 Cr | Jun 2025 — | Sep 2025 ₹15 Cr | Dec 2025 — | Mar 2026 ₹31 Cr | Jun 2026 —

## Return On Capital Employed

What the numbers say: Mobavenue AI Tech Ltd leads ROCE at 75.9%, 54.6 percentage points above Vinsys IT Services India Ltd. Mobavenue AI Tech Ltd has the strongest latest improvement at +69.3 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Mobavenue AI Tech Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Mobavenue AI Tech Ltd · 75.9% | 256.3% versus #2 · Vinsys IT Services India Ltd | Not enough history | 7/7 companies · 65 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Mobavenue AI Tech Ltd (539682): 76%
2. Vinsys IT Services India Ltd (VINSYS): 21%
3. NIIT Learning Systems Ltd (NIITMTS): 21%
4. Aptech Ltd (APTECHT): 15%
5. Veranda Learning Solutions Ltd (VERANDA): 13%

### ROCE change — fastest improvers
1. Mobavenue AI Tech Ltd (539682): +69.3 pp
2. Veranda Learning Solutions Ltd (VERANDA): +17.2 pp
3. Aptech Ltd (APTECHT): +1.0 pp
4. NIIT Ltd (NIITLTD): −3.6 pp
5. Shanti Educational Initiatives Ltd (SEIL): −4.1 pp

### 20-quarter ROCE history
- SEIL: Sep 2021 -2.1% | Dec 2021 — | Mar 2022 -0.6% | Jun 2022 — | Sep 2022 4.8% | Dec 2022 — | Mar 2023 5.3% | Jun 2023 — | Sep 2023 6.5% | Dec 2023 — | Mar 2024 4.2% | Jun 2024 8.2% | Sep 2024 4.5% | Dec 2024 13% | Mar 2025 9.8% | Jun 2025 14% | Sep 2025 9.2% | Dec 2025 8.6% | Mar 2026 5.7% | Jun 2026 —
- NIITMTS: Sep 2021 — | Dec 2021 — | Mar 2022 2,776% | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 23% | Jun 2023 — | Sep 2023 24% | Dec 2023 51% | Mar 2024 24% | Jun 2024 30% | Sep 2024 23% | Dec 2024 27% | Mar 2025 22% | Jun 2025 24% | Sep 2025 18% | Dec 2025 22% | Mar 2026 15% | Jun 2026 —
- VERANDA: Sep 2021 -12% | Dec 2021 — | Mar 2022 -22% | Jun 2022 — | Sep 2022 -26% | Dec 2022 — | Mar 2023 -15% | Jun 2023 — | Sep 2023 -6.6% | Dec 2023 -5.6% | Mar 2024 -1.1% | Jun 2024 1.7% | Sep 2024 -0.2% | Dec 2024 -13% | Mar 2025 -10% | Jun 2025 -7.3% | Sep 2025 -7.6% | Dec 2025 16% | Mar 2026 7.0% | Jun 2026 —
- NIITLTD: Sep 2021 13% | Dec 2021 — | Mar 2022 -0.8% | Jun 2022 — | Sep 2022 -1.9% | Dec 2022 — | Mar 2023 -2.0% | Jun 2023 — | Sep 2023 -13% | Dec 2023 2.3% | Mar 2024 -1.6% | Jun 2024 5.2% | Sep 2024 -1.4% | Dec 2024 5.3% | Mar 2025 -1.8% | Jun 2025 5.0% | Sep 2025 -2.8% | Dec 2025 2.9% | Mar 2026 -3.8% | Jun 2026 1.4%
- VINSYS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 45% | Jun 2023 — | Sep 2023 21% | Dec 2023 — | Mar 2024 23% | Jun 2024 — | Sep 2024 25% | Dec 2024 — | Mar 2025 26% | Jun 2025 — | Sep 2025 22% | Dec 2025 — | Mar 2026 20% | Jun 2026 —

### 20-quarter ROCE change history
- SEIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +6.9 pp | Dec 2022 — | Mar 2023 +5.9 pp | Jun 2023 — | Sep 2023 +1.7 pp | Dec 2023 — | Mar 2024 −1.1 pp | Jun 2024 — | Sep 2024 −2.0 pp | Dec 2024 — | Mar 2025 +5.6 pp | Jun 2025 +5.8 pp | Sep 2025 +4.7 pp | Dec 2025 −4.2 pp | Mar 2026 −4.1 pp | Jun 2026 —
- NIITMTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 −2,753.6 pp | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 +1.0 pp | Jun 2024 — | Sep 2024 −0.8 pp | Dec 2024 −24.0 pp | Mar 2025 −1.9 pp | Jun 2025 −5.5 pp | Sep 2025 −4.6 pp | Dec 2025 −5.3 pp | Mar 2026 −6.7 pp | Jun 2026 —
- VERANDA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −14.3 pp | Dec 2022 — | Mar 2023 +6.9 pp | Jun 2023 — | Sep 2023 +19.3 pp | Dec 2023 — | Mar 2024 +13.6 pp | Jun 2024 — | Sep 2024 +6.4 pp | Dec 2024 −6.9 pp | Mar 2025 −9.1 pp | Jun 2025 −9.0 pp | Sep 2025 −7.4 pp | Dec 2025 +28.4 pp | Mar 2026 +17.2 pp | Jun 2026 —
- NIITLTD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −15.1 pp | Dec 2022 — | Mar 2023 −1.2 pp | Jun 2023 — | Sep 2023 −11.0 pp | Dec 2023 — | Mar 2024 +0.4 pp | Jun 2024 — | Sep 2024 +11.5 pp | Dec 2024 +3.0 pp | Mar 2025 −0.2 pp | Jun 2025 −0.2 pp | Sep 2025 −1.4 pp | Dec 2025 −2.4 pp | Mar 2026 −2.0 pp | Jun 2026 −3.6 pp
- VINSYS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 −21.9 pp | Jun 2024 — | Sep 2024 +3.8 pp | Dec 2024 — | Mar 2025 +3.2 pp | Jun 2025 — | Sep 2025 −2.3 pp | Dec 2025 — | Mar 2026 −6.0 pp | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: NIIT Learning Systems Ltd has the lowest comparable Guarded PEG at 2.51×. Only 1 of 7 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: NIIT Learning Systems Ltd · 2.51× | Not enough peers | 0/8 recent comparable periods | 1/7 companies · 9 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

### Guarded PEG — lowest PEG
1. NIIT Learning Systems Ltd (NIITMTS): 2.5

### P/E — lowest P/E
1. NIIT Learning Systems Ltd (NIITMTS): 13.8
2. Aptech Ltd (APTECHT): 21.0
3. Vinsys IT Services India Ltd (VINSYS): 25.9
4. Mobavenue AI Tech Ltd (539682): 79.3
5. NIIT Ltd (NIITLTD): 92.2

### 20-quarter Guarded PEG history
- SEIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 38.7 | Jun 2023 — | Sep 2023 6.3 | Dec 2023 — | Mar 2024 — | Jun 2024 38.6 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- NIITMTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 1.2 | Dec 2023 1.4 | Mar 2024 — | Jun 2024 3.6 | Sep 2024 1.5 | Dec 2024 3.2 | Mar 2025 — | Jun 2025 2.5 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —

### 20-quarter P/E history
- 539682: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 124.1 | Sep 2025 146.0 | Dec 2025 100.5 | Mar 2026 82.5 | Jun 2026 —
- SEIL: Sep 2021 77.0 | Dec 2021 — | Mar 2022 1,544.9 | Jun 2022 443.2 | Sep 2022 322.0 | Dec 2022 — | Mar 2023 247.8 | Jun 2023 385.3 | Sep 2023 316.5 | Dec 2023 314.5 | Mar 2024 268.6 | Jun 2024 367.4 | Sep 2024 899.5 | Dec 2024 504.8 | Mar 2025 214.0 | Jun 2025 188.1 | Sep 2025 256.2 | Dec 2025 432.0 | Mar 2026 572.7 | Jun 2026 —
- NIITMTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 28.1 | Dec 2023 27.8 | Mar 2024 32.2 | Jun 2024 27.7 | Sep 2024 31.2 | Dec 2024 26.4 | Mar 2025 23.4 | Jun 2025 19.8 | Sep 2025 19.7 | Dec 2025 27.2 | Mar 2026 17.2 | Jun 2026 13.7
- VERANDA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 -24.9 | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 -21.2 | Dec 2025 17.1 | Mar 2026 49.6 | Jun 2026 —
- NIITLTD: Sep 2021 7.4 | Dec 2021 7.7 | Mar 2022 8.8 | Jun 2022 7.3 | Sep 2022 8.5 | Dec 2022 14.1 | Mar 2023 34.0 | Jun 2023 228.9 | Sep 2023 134.7 | Dec 2023 84.2 | Mar 2024 82.5 | Jun 2024 35.5 | Sep 2024 52.4 | Dec 2024 55.9 | Mar 2025 36.4 | Jun 2025 37.2 | Sep 2025 31.1 | Dec 2025 36.2 | Mar 2026 25.5 | Jun 2026 141.4
- VINSYS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 18.7 | Dec 2023 — | Mar 2024 21.2 | Jun 2024 — | Sep 2024 26.5 | Dec 2024 — | Mar 2025 23.1 | Jun 2025 — | Sep 2025 21.3 | Dec 2025 — | Mar 2026 12.4 | Jun 2026 —
- APTECHT: Sep 2021 67.9 | Dec 2021 66.8 | Mar 2022 46.2 | Jun 2022 19.6 | Sep 2022 19.4 | Dec 2022 24.8 | Mar 2023 23.6 | Jun 2023 30.7 | Sep 2023 21.7 | Dec 2023 20.7 | Mar 2024 21.4 | Jun 2024 37.3 | Sep 2024 43.7 | Dec 2024 46.1 | Mar 2025 35.8 | Jun 2025 46.8 | Sep 2025 32.9 | Dec 2025 25.2 | Mar 2026 15.0 | Jun 2026 —

## Enterprise Value & Book Value

What the numbers say: NIIT Learning Systems Ltd leads ev/ebitda at 7.6×; NIIT Ltd leads p/bv at 1.21×.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: NIIT Learning Systems Ltd · 7.6× | 3.8% versus #2 · Aptech Ltd | 0/8 recent comparable periods | 7/7 companies · 88 observations

Definition: EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

### EV/EBITDA — lowest EV/EBITDA
1. NIIT Learning Systems Ltd (NIITMTS): 7.6
2. Aptech Ltd (APTECHT): 7.9
3. Veranda Learning Solutions Ltd (VERANDA): 8.2
4. Vinsys IT Services India Ltd (VINSYS): 9.1
5. NIIT Ltd (NIITLTD): 25.2

### P/BV — lowest P/BV
1. NIIT Ltd (NIITLTD): 1.2
2. NIIT Learning Systems Ltd (NIITMTS): 2.1
3. Aptech Ltd (APTECHT): 2.1
4. Veranda Learning Solutions Ltd (VERANDA): 2.4
5. Vinsys IT Services India Ltd (VINSYS): 4.8

### 20-quarter EV/EBITDA history
- 539682: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 77.7 | Sep 2025 93.1 | Dec 2025 64.6 | Mar 2026 53.7 | Jun 2026 —
- SEIL: Sep 2021 152.2 | Dec 2021 — | Mar 2022 630.6 | Jun 2022 513.2 | Sep 2022 291.0 | Dec 2022 — | Mar 2023 228.1 | Jun 2023 245.5 | Sep 2023 229.3 | Dec 2023 202.9 | Mar 2024 173.3 | Jun 2024 241.4 | Sep 2024 555.1 | Dec 2024 327.4 | Mar 2025 142.1 | Jun 2025 115.8 | Sep 2025 155.3 | Dec 2025 261.6 | Mar 2026 302.8 | Jun 2026 —
- NIITMTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 17.7 | Dec 2023 18.7 | Mar 2024 18.0 | Jun 2024 14.9 | Sep 2024 16.8 | Dec 2024 14.6 | Mar 2025 13.2 | Jun 2025 11.3 | Sep 2025 10.7 | Dec 2025 14.9 | Mar 2026 9.3 | Jun 2026 7.6
- VERANDA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 139.8 | Mar 2024 82.0 | Jun 2024 26.8 | Sep 2024 32.9 | Dec 2024 23.6 | Mar 2025 45.7 | Jun 2025 24.9 | Sep 2025 25.4 | Dec 2025 16.7 | Mar 2026 8.2 | Jun 2026 —
- NIITLTD: Sep 2021 2.8 | Dec 2021 3.4 | Mar 2022 4.2 | Jun 2022 3.2 | Sep 2022 3.6 | Dec 2022 5.9 | Mar 2023 15.5 | Jun 2023 21.1 | Sep 2023 38.0 | Dec 2023 32.2 | Mar 2024 27.1 | Jun 2024 20.2 | Sep 2024 30.3 | Dec 2024 32.6 | Mar 2025 20.4 | Jun 2025 20.2 | Sep 2025 16.9 | Dec 2025 16.8 | Mar 2026 10.1 | Jun 2026 25.2
- VINSYS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 20.6 | Dec 2023 — | Mar 2024 22.2 | Jun 2024 — | Sep 2024 20.4 | Dec 2024 — | Mar 2025 18.3 | Jun 2025 — | Sep 2025 15.3 | Dec 2025 — | Mar 2026 9.1 | Jun 2026 —
- APTECHT: Sep 2021 46.8 | Dec 2021 47.3 | Mar 2022 32.1 | Jun 2022 19.0 | Sep 2022 18.1 | Dec 2022 23.2 | Mar 2023 21.4 | Jun 2023 22.6 | Sep 2023 15.5 | Dec 2023 15.2 | Mar 2024 15.6 | Jun 2024 20.6 | Sep 2024 24.4 | Dec 2024 23.1 | Mar 2025 15.2 | Jun 2025 20.0 | Sep 2025 14.2 | Dec 2025 11.6 | Mar 2026 7.9 | Jun 2026 —

### 20-quarter P/BV history
- 539682: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 107.4 | Sep 2025 108.5 | Dec 2025 73.5 | Mar 2026 73.7 | Jun 2026 —
- SEIL: Sep 2021 2.9 | Dec 2021 2.7 | Mar 2022 21.6 | Jun 2022 17.5 | Sep 2022 16.6 | Dec 2022 19.1 | Mar 2023 13.8 | Jun 2023 21.6 | Sep 2023 16.1 | Dec 2023 16.0 | Mar 2024 13.7 | Jun 2024 22.5 | Sep 2024 50.0 | Dec 2024 34.0 | Mar 2025 19.9 | Jun 2025 20.9 | Sep 2025 25.0 | Dec 2025 39.3 | Mar 2026 33.9 | Jun 2026 —
- NIITMTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 6.4 | Dec 2023 6.7 | Mar 2024 7.7 | Jun 2024 6.2 | Sep 2024 7.1 | Dec 2024 5.7 | Mar 2025 5.2 | Jun 2025 4.8 | Sep 2025 3.7 | Dec 2025 4.5 | Mar 2026 2.9 | Jun 2026 2.0
- VERANDA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 16.9 | Sep 2022 10.4 | Dec 2022 7.8 | Mar 2023 6.1 | Jun 2023 3.7 | Sep 2023 4.0 | Dec 2023 4.6 | Mar 2024 2.9 | Jun 2024 4.0 | Sep 2024 5.7 | Dec 2024 4.7 | Mar 2025 4.1 | Jun 2025 3.6 | Sep 2025 3.9 | Dec 2025 2.0 | Mar 2026 1.6 | Jun 2026 —
- NIITLTD: Sep 2021 0.8 | Dec 2021 1.0 | Mar 2022 1.3 | Jun 2022 0.8 | Sep 2022 0.6 | Dec 2022 0.6 | Mar 2023 0.7 | Jun 2023 0.8 | Sep 2023 1.7 | Dec 2023 1.5 | Mar 2024 1.4 | Jun 2024 1.4 | Sep 2024 2.2 | Dec 2024 2.5 | Mar 2025 1.6 | Jun 2025 1.7 | Sep 2025 1.3 | Dec 2025 1.2 | Mar 2026 0.7 | Jun 2026 1.3
- VINSYS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 4.6 | Dec 2023 — | Mar 2024 5.2 | Jun 2024 — | Sep 2024 6.0 | Dec 2024 — | Mar 2025 4.7 | Jun 2025 — | Sep 2025 6.3 | Dec 2025 — | Mar 2026 2.5 | Jun 2026 —
- APTECHT: Sep 2021 7.6 | Dec 2021 9.8 | Mar 2022 8.3 | Jun 2022 5.3 | Sep 2022 4.7 | Dec 2022 6.6 | Mar 2023 6.7 | Jun 2023 9.9 | Sep 2023 6.4 | Dec 2023 6.0 | Mar 2024 5.3 | Jun 2024 4.6 | Sep 2024 4.8 | Dec 2024 4.3 | Mar 2025 2.8 | Jun 2025 3.5 | Sep 2025 2.8 | Dec 2025 2.3 | Mar 2026 1.8 | Jun 2026 —

## Market action

Shanti Educational Initiatives Ltd has the strongest one-year price move in Computer Education at +110.2%. Vinsys IT Services India Ltd leads on Mansfield relative strength against NIFTY at +35.2%. 5 of 7 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

### Strongest one-year price performers
1. Shanti Educational Initiatives Ltd (SEIL): 110%
2. Veranda Learning Solutions Ltd (VERANDA): -11%
3. NIIT Ltd (NIITLTD): -22%
4. NIIT Learning Systems Ltd (NIITMTS): -29%
5. Aptech Ltd (APTECHT): -33%

### Strongest relative strength versus NIFTY 500
1. Vinsys IT Services India Ltd (VINSYS): 35%
2. Shanti Educational Initiatives Ltd (SEIL): 27%
3. Mobavenue AI Tech Ltd (539682): 26%
4. NIIT Ltd (NIITLTD): 7.8%
5. Veranda Learning Solutions Ltd (VERANDA): 6.8%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 3 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- Thin comparisons: Capital expenditure, Valuation have fewer than three usable current readings.

## Every company
- Shanti Educational Initiatives Ltd (SEIL) — market value ₹3.3K Cr; latest fundamentals Mar 2026
- NIIT Learning Systems Ltd (NIITMTS) — market value ₹3.2K Cr; latest fundamentals Jun 2026
- Mobavenue AI Tech Ltd (539682) — market value ₹2.3K Cr; latest fundamentals Mar 2026
- Veranda Learning Solutions Ltd (VERANDA) — market value ₹2.3K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- NIIT Ltd (NIITLTD) — market value ₹1.3K Cr; latest fundamentals Jun 2026; includes UNVERIFIED second-feed figures
- Vinsys IT Services India Ltd (VINSYS) — market value ₹770 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Aptech Ltd (APTECHT) — market value ₹530 Cr; latest fundamentals Mar 2026

## Source standing of each company

Cross-checked: 2. Unverified: 5. Withheld: 0. Graded companies: 7.

3 of 7 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.

- UNVERIFIED | VERANDA | Veranda Learning Solutions Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | NIITLTD | NIIT Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | VINSYS | Vinsys IT Services India Ltd | too little overlapping reported history to cross-check the second feed

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-07-24.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### What is the Nifty Computer Education index?

The Nifty Computer Education index tracks India's listed Computer Education companies as a single basket. This page follows the same 7 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Computer Education sector rather than to its largest constituent. Figures are as of Jun 2026.

### Which are the best Computer Education stocks in India?

Ranked by this page's four-factor score, Veranda Learning Solutions Ltd places first among 7 listed Computer Education companies, followed by Mobavenue AI Tech Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many Computer Education stocks are listed in India?

This comparison covers 7 listed Computer Education companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

### Which Computer Education company is the biggest?

NIIT Learning Systems Ltd is the largest, with trailing-twelve-month revenue of ₹2,066 crore, ahead of Aptech Ltd at ₹503 crore. That covers 7 of 7 companies with comparable reporting through Jun 2026.

### Which Computer Education company is growing fastest?

Mobavenue AI Tech Ltd has the fastest revenue growth at 100% year on year, across 7 of 7 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which Computer Education company has the best profit margins?

Veranda Learning Solutions Ltd has the highest operating margin at 35%, from 7 of 7 comparable companies. Veranda Learning Solutions Ltd shows the biggest recent improvement, at +14 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Computer Education company makes the most profit?

NIIT Learning Systems Ltd earns the most, at ₹255 crore of trailing-twelve-month net profit, from 7 of 7 comparable companies. Mobavenue AI Tech Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Computer Education company earns the highest return on capital?

Mobavenue AI Tech Ltd leads on return on capital employed at 75.9%, across 7 of 7 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Computer Education stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — NIIT Learning Systems Ltd screens cheapest at 2.51×. Only 1 of 7 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Which Computer Education company has the strongest balance sheet?

Shanti Educational Initiatives Ltd carries the lowest comparable gross debt at ₹6 crore, from 7 of 7 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

### Which Computer Education stock has the strongest price momentum?

Vinsys IT Services India Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Computer Education company scores highest for research priority?

Veranda Learning Solutions Ltd scores 61.5 out of 100 with 82.8% evidence confidence, from 26.1 points on growth and earnings, 11.8 on capital efficiency, 7.8 on valuation and 15.8 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Computer Education companies does this comparison cover, and over what period?

It compares 7 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Computer Education sector?

The 7 Computer Education companies on this page carry ₹13,618 crore of combined market value. Shanti Educational Initiatives Ltd is the largest at ₹3,272 crore, about 24% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

### What is the Computer Education sector's P/E ratio?

The median price-to-earnings ratio across the 7 Computer Education companies on this page is 79.3×, measured on the 7 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.

### How is the Computer Education sector performing?

5 of the 7 covered Computer Education companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/computer-education