Education industry
30 companies · ₹12,055 cr · 3 with AI deep dives · Q1FY27 report
Operating leverage emerging but exam-calendar noise and AI disruption define the bucket's split.
- Revenue YoY
- +20.3%
- EBITDA margin
- 13.1%
- -120bps YoY
- Price, 1 year
- +14.2%
- 50% of names up
- P/E vs own 5y
- -10.5%
- 23.1x now
Exhibit 1The quarter in numbers
constant panel of 5 companies above ₹500 cr- Jun 26
- 825 cr
- Mar 26
- 783 cr
- QoQ
- +5.4%
- Jun 25
- 686 cr
- YoY
- +20.3%
- Peak
- 825 cr
- vs peak
- 0.0%
- Jun 26
- 13.1%
- Mar 26
- 12.9%
- QoQ
- +20bps
- Jun 25
- 14.3%
- YoY
- -120bps
- Peak
- 17.1%
- vs peak
- -400bps
Breadth: 80% of 5 companies grew revenue year on year (was 80% a quarter earlier) and 60% expanded margin (was 60%).
Exhibit 2What it costs
21.42x - 23.2x across the panel todayThe median name trades at 23.1x, -10.5% against this industry's own 5-year median of 25.9x, and -33.9% against its own peak of 35.0x.
Exhibit 3Structure
₹12,055 crNIIT Learning Systems Ltd is 26.8% of this industry by market cap. The top 5 are 76.4% and the top 10 are 90.5%.
Exhibit 4Screen
P/E below the sub-industry median of 23.14x, 5y ROCE above its median of 6.28%, and at least 2 growth triggers stated on the latest earnings call.
Which names clear this screen is premium
The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.
See plans →Exhibit 5Coverage (25 of 30)
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
- Mcap
- ₹3,115 cr
- P/E
- -
- EV/EBITDA
- 311.2x
- ROCE
- 10.7%
- Margin
- 16.9%
- Rev YoY
- +7.5%
- Mcap
- ₹859 cr
- P/E
- 23.2x
- EV/EBITDA
- 20.5x
- ROCE
- 20.1%
- Margin
- 16.4%
- Rev YoY
- +24.1%
- Mcap
- ₹188 cr
- P/E
- 16.2x
- EV/EBITDA
- 11.4x
- ROCE
- 16.6%
- Margin
- 67.5%
- Rev YoY
- -
- Mcap
- ₹170 cr
- P/E
- -
- EV/EBITDA
- -
- ROCE
- 2.2%
- Margin
- 53.4%
- Rev YoY
- 0.0%
- Mcap
- ₹25 cr
- P/E
- -
- EV/EBITDA
- -
- ROCE
- -7.0%
- Margin
- -3.6%
- Rev YoY
- -20.1%
Exhibit 6What managements said
from Other Consumer Services earnings calls · as of 2026-06-30Five companies pointed to operating expenditure growing slower than revenue as the primary margin driver. MPSLTD delivered EBITDA growth of 53% on 20% revenue growth with…
- MPSLTD (Q1FY27): “Revenue grew 20 percent. EBITDA grew 53 percent. Headcount rose less than 3 percent. That…”
Exhibit 7Outlook
The outlook and what resolves next quarter
Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.
Create a free account →AppendixThe other 5 companies
1-5- Mcap
- ₹7 cr
- P/E
- -
- EV/EBITDA
- -70.4x
- ROCE
- -22.6%
- Margin
- -15.8%
- Rev YoY
- -100.0%