NIIT LEARNING SYSTEMS LTD (NIITMTS) fair value: what the stock is really worth
We calculate from audited financials what NIIT LEARNING SYSTEMS LTD is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
37‑month range ₹207.45 – ₹559.99 · fair‑value band ₹259.84 – ₹758.68 · the ₹229.84 price screens below the ₹453.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 13, 2026.
NIIT Learning Systems Limited provides managed training services in India, the United States, Europe, and internationally. Its managed training services include custom content and curriculum design, learning administration and delivery, strategic sourcing, learning technology, and learning and development (L&D) consulting services.
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NIIT Learning Systems Limited provides managed training services in India, the United States, Europe, and internationally. Its managed training services include custom content and curriculum design, learning administration and delivery, strategic sourcing, learning technology, and learning and development (L&D) consulting services. The company also offers specialized learning solutions, such as AI-powered L&D transformation, digital and IT training, immersive learning, customer education, talent pipeline as a service, and HCM technology and consulting services, as well as leadership and professional development training services; and generative artificial intelligence learning services. It serves technology and telecom; consulting and professional service; life sciences and healthcare; energy and commodities; aerospace and aviation; banking and financial service; manufacturing and industrial; consumer products and retail; insurance; humanitarian and NGO; real estate; and automotive industries. The company was formerly known as Mindchampion Learning Systems Limited and changed its name to NIIT Learning Systems Limited in January 2022. NIIT Learning Systems Limited was founded in 1981 and is based in Gurugram, India.
Stock analysis
NIIT LEARNING SYSTEMS LTD (NIITMTS) currently trades at ₹229.84, while our model-based Fair Value estimate is ₹453.01, implying the stock looks roughly 49.3% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹836.91 per share, and 19 of the 26 models we run sit above the ₹229.84 price.
Bear case: the Dividend Discount group reads lowest at ₹48.00, and 7 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹259.84 (bear) to ₹758.68 (bull), the price of ₹229.84 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
NIIT LEARNING SYSTEMS LTD reported revenue of ₹19.5B in FY2026 versus ₹11.3B in FY2022, a compound +14.6%/yr. Reported net income was ₹2.5B in FY2026, compounding +5.2%/yr from FY2022.
Key figures
Market cap ₹32.2B (≈ $339M) · P/E ratio 13.0 · P/S ratio 1.65 · EPS (TTM) ₹17.67 · Dividend yield 1.4% · Net margin 12.7% · Return on equity 18.0% · Return on assets (EBIT) 16.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 11% fair-value upside, at 97%, NIITMTS screens cheaper than that median.
Fair Value models
Bear ₹259.84Fair Value ₹453.01Bull ₹758.68
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then (₹6.60 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+18.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+172.4%
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.0%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+1.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.2%
Dividend (yield on the price)1.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.0% vs 28%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−46% → 15%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+3.3%
Yearly growth needed for the next five years to justify today's price.
Compare NIIT LEARNING SYSTEMS LTD with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Education & Training Services · 138 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside+44% · Above median
Profitability
Return on equity (TTM)18% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)13% · Above median
Operating margin (TTM)13% · Above median
Growth and dividend
Revenue growth22% · Top 25%
Dividend yield (TTM)1.4% · Below median
Balance sheet
Debt / equity0.11× · Above median
Valuation Multiplesvs Education & Training Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "NIIT LEARNING SYSTEMS LTD Fair Value". https://www.fairvalue-calculator.com/stock/NIITMTS
Frequently asked questions
Is NIIT LEARNING SYSTEMS LTD (NIITMTS) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of ₹453.01 versus a price of ₹229.84, about +97% upside (undervalued).
What is the fair value of NIITMTS?
Our model-based fair value for NIIT LEARNING SYSTEMS LTD is ₹453.01 (as of Sep 13, 2026), built from audited fundamentals. The current price: ₹229.84.
What is the quality score of NIITMTS?
NIIT LEARNING SYSTEMS LTD has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for NIIT LEARNING SYSTEMS LTD (NIITMTS)?
Our model-based price target is the fair value of ₹453.01 (as of Sep 13, 2026) from 26 valuation models. Cautious scenario ₹259.84, optimistic scenario ₹758.68. It is a calculation from audited fundamentals, not an analyst target.
What is the NIIT LEARNING SYSTEMS LTD stock forecast for 2026?
Our models put fair value at ₹453.01, about +97% upside versus a price of ₹229.84 (undervalued). Cautious scenario ₹259.84, optimistic scenario ₹758.68. The calculation is refreshed regularly with new filings.
What is the revenue of NIIT LEARNING SYSTEMS LTD (NIITMTS)?
NIIT LEARNING SYSTEMS LTD reported trailing-twelve-month revenue of about ₹19.5B (latest available figure, as of Sep 13, 2026).
Does NIIT LEARNING SYSTEMS LTD pay a dividend?
NIIT LEARNING SYSTEMS LTD currently shows a dividend yield of about 1.41% relative to its recent price (as of Sep 13, 2026).
What growth is priced into NIIT LEARNING SYSTEMS LTD (NIITMTS)?
For today's price to be fair in a discounted-cash-flow model, NIIT LEARNING SYSTEMS LTD would have to grow free cash flow by +3.3 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +172.4 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of NIITMTS use?
Our models discount NIIT LEARNING SYSTEMS LTD at 12.4 %: a base by market capitalisation (small), damped by beta 0.32, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For NIIT LEARNING SYSTEMS LTD that is +3.3 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has NIIT LEARNING SYSTEMS LTD (NIITMTS) delivered so far?
Over the past 5 years revenue at NIIT LEARNING SYSTEMS LTD grew +172.4 % a year. The price currently implies +3.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of NIIT LEARNING SYSTEMS LTD (NIITMTS) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into NIIT LEARNING SYSTEMS LTD (+3.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of NIIT LEARNING SYSTEMS LTD (NIITMTS)?
The free-cash-flow yield on the price is 7.65 %: that much free cash flow NIIT LEARNING SYSTEMS LTD produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of NIIT LEARNING SYSTEMS LTD (NIITMTS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NIIT LEARNING SYSTEMS LTD it is ₹453.01 per share (as of Sep 13, 2026), against a price of ₹229.84. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is NIIT LEARNING SYSTEMS LTD stock overvalued or undervalued in 2026?
As of Sep 13, 2026, NIITMTS trades below its calculated fair value: price ₹229.84, fair value ₹453.01, a gap of about +97% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NIITMTS?
No. The price is what the market pays today (₹229.84); the fair value is what the company's own numbers justify (₹453.01). For NIIT LEARNING SYSTEMS LTD the two are ₹223.17 per share apart. That gap is exactly why we show both numbers side by side.
How much is NIIT LEARNING SYSTEMS LTD worth?
The market values NIIT LEARNING SYSTEMS LTD at about ₹32.2B (market capitalisation, as of Sep 13, 2026). Per share that is ₹229.84; our models calculate a fair value of ₹453.01 per share.
What do the bullish and bearish scenarios say about NIITMTS?
Our models span a range for NIIT LEARNING SYSTEMS LTD: cautious scenario ₹259.84, base ₹453.01, optimistic ₹758.68 per share (as of Sep 13, 2026, price ₹229.84). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NIITMTS?
NIIT LEARNING SYSTEMS LTD trades at a price-to-earnings ratio of 13.0 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹453.01 is built from several models across several years. Other multiples: P/B 2.1, P/S 1.7, EV/EBITDA 8.3.
How solid is the balance sheet of NIIT LEARNING SYSTEMS LTD (NIITMTS)?
Balance-sheet figures for NIIT LEARNING SYSTEMS LTD (as of Sep 13, 2026): return on equity 18.0%, debt of 0.11 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is NIITMTS from its 52-week high?
NIIT LEARNING SYSTEMS LTD trades at ₹229.84, about 48% below its 52-week high of ₹443.90 and 13% above the low of ₹203.30 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of ₹453.01 is for.
Which stocks are comparable to NIIT LEARNING SYSTEMS LTD?
From the same area (Consumer Defensive) we also value New Oriental Education & Technology Group, TAL Education Group, Laureate Education, Inc, Physicswallah Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is NIIT LEARNING SYSTEMS LTD stock attractive at the current price?
The data as of Sep 13, 2026: price ₹229.84, calculated fair value ₹453.01 (+97%), Quality Score 54/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NIITMTS calculated?
We run NIIT LEARNING SYSTEMS LTD through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹453.01, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.8 % above its aggregate fair value. NIIT LEARNING SYSTEMS LTD currently trades 97 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with NIIT LEARNING SYSTEMS LTD right now?
The price is below even our cautious bear case (₹259.84). The market is more pessimistic than our downside scenario. The model range is unusually wide (₹259.84 to ₹758.68). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of NIIT LEARNING SYSTEMS LTD
How large is the market capitalisation of NIIT LEARNING SYSTEMS LTD (NIITMTS)?
The market capitalisation of NIIT LEARNING SYSTEMS LTD is ₹32.2B (≈ $339M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of NIIT LEARNING SYSTEMS LTD (NIITMTS)?
The price-to-sales ratio of NIIT LEARNING SYSTEMS LTD is 1.65 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of NIIT LEARNING SYSTEMS LTD (NIITMTS)?
Earnings per share at NIIT LEARNING SYSTEMS LTD are ₹17.67 (price ÷ EPS = P/E 13.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of NIIT LEARNING SYSTEMS LTD (NIITMTS)?
The dividend yield of NIIT LEARNING SYSTEMS LTD is 1.4% (payout 18.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of NIIT LEARNING SYSTEMS LTD (NIITMTS)?
The net margin of NIIT LEARNING SYSTEMS LTD is 12.7% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of NIIT LEARNING SYSTEMS LTD (NIITMTS)?
The return on equity (ROE) of NIIT LEARNING SYSTEMS LTD is 18.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of NIIT LEARNING SYSTEMS LTD (NIITMTS)?
On an EBIT basis the return on assets of NIIT LEARNING SYSTEMS LTD is 16.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of NIIT LEARNING SYSTEMS LTD (NIITMTS)?
The operating margin of NIIT LEARNING SYSTEMS LTD is 12.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NIIT LEARNING SYSTEMS LTD (NIITMTS)?
Revenue at NIIT LEARNING SYSTEMS LTD is growing +22.2% versus a year earlier (3y avg +12.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at NIIT LEARNING SYSTEMS LTD (NIITMTS)?
Earnings per share at NIIT LEARNING SYSTEMS LTD are growing +58.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does NIIT LEARNING SYSTEMS LTD (NIITMTS) hold?
NIIT LEARNING SYSTEMS LTD holds more cash than debt, ₹765M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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