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DSJ Keep Learning Ltd

KEEPLEARN
NSE
2.08
7.22%
Last Updated:
30 Apr '26, 4:00 PM
Company Overview
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DSJ Keep Learning Ltd

KEEPLEARN
NSE
2.08
7.22%
30 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
32Cr
Close
Close Price
2.08
Industry
Industry
Miscellaneous
PE
Price To Earnings
PS
Price To Sales
3.34
Revenue
Revenue
10Cr
Rev Gr TTM
Revenue Growth TTM
13.58%
PAT Gr TTM
PAT Growth TTM
-156.82%
Peer Comparison
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Quarterly Results

Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
212123223321
Growth YoY
Revenue Growth YoY%
-7.126.12.5-4.719.982.922.748.677.05.911.5-31.3
Expenses
ExpensesCr
111122223222
Operating Profit
Operating ProfitCr
000000000000
OPM
OPM%
9.07.124.514.16.49.48.57.63.915.98.1-26.9
Other Income
Other IncomeCr
000000000000
Interest Expense
Interest ExpenseCr
000000000000
Depreciation
DepreciationCr
000000000000
PBT
PBTCr
00000000000-1
Tax
TaxCr
000000000000
PAT
PATCr
00000000000-1
Growth YoY
PAT Growth YoY%
-94.285.757.1-64.7166.7375.0-45.5116.7-150.0172.7-75.0-515.4
NPM
NPM%
1.9-2.913.54.24.34.36.06.2-1.211.11.4-37.2
EPS
EPS
0.00.00.00.00.00.00.00.0-0.20.00.00.0

Profit & Loss

Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
00000005661010
Growth
Revenue Growth%
-37.589.120.040.82,643.719.29.957.9-2.8
Expenses
ExpensesCr
000001445699
Operating Profit
Operating ProfitCr
00000-1-411110
OPM
OPM%
-133.2-136.6-117.8-493.0-2,238.425.413.712.97.03.6
Other Income
Other IncomeCr
000000000000
Interest Expense
Interest ExpenseCr
000000000000
Depreciation
DepreciationCr
000000000000
PBT
PBTCr
000000-410100
Tax
TaxCr
000000000000
PAT
PATCr
000000-410000
Growth
PAT Growth%
-112.241.228.230.1-80.4-72.3-1,085.5131.2-95.1416.12.3-176.0
NPM
NPM%
-180.0-201.3-192.0-275.7-2,321.526.41.15.13.3-2.6
EPS
EPS
0.00.00.00.00.00.0-0.40.10.00.00.0-0.2

Balance Sheet

Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
77777778891616
Reserves
ReservesCr
-4-5-5-5-5-5-9-8-8-9-8-8
Current Liabilities
Current LiabilitiesCr
111000021244
Non Current Liabilities
Non Current LiabilitiesCr
111221233300
Total Liabilities
Total LiabilitiesCr
55544405461112
Current Assets
Current AssetsCr
000000043377
Non Current Assets
Non Current AssetsCr
555444011255
Total Assets
Total AssetsCr
55544405461112

Cash Flow

Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
0000000011-1
Investing Cash Flow
Investing Cash FlowCr
00000000-1-1-4
Financing Cash Flow
Financing Cash FlowCr
00000001003
Net Cash Flow
Net Cash FlowCr
0000000000-2
Free Cash Flow
Free Cash FlowCr
0000000000
CFO To PAT
CFO To PAT%
98.899.885.4200.4122.5109.09.6-5.91,004.3363.7-222.0
CFO To EBITDA
CFO To EBITDA%
99.0120.3115.4295.4199.760.910.0-6.179.5143.9-105.3

Ratios

Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
300000912273342
Price To Earnings
Price To Earnings
0.00.00.00.00.00.00.09.4303.093.8135.5
Price To Sales
Price To Sales
0.00.00.00.049.22.64.65.24.2
Price To Book
Price To Book
0.80.00.00.00.00.0-3.9-25.0303.0125.05.9
EV To EBITDA
EV To EBITDA
-10.3-7.2-12.3-22.2-15.6-2.4-2.812.637.444.460.9
Profitability Ratios
Profitability Ratios
GPM
GPM%
100.0100.0100.0100.0100.0100.0100.0100.0100.0
OPM
OPM%
-133.2-136.6-117.8-493.0-2,238.425.413.712.97.0
NPM
NPM%
-180.0-201.3-192.0-275.7-2,321.526.41.15.13.3
ROCE
ROCE%
-9.1-4.4-2.7-1.2-2.9-9.6-11,113.946.519.521.66.7
ROE
ROE%
-12.4-7.9-6.1-4.5-8.7-17.7190.9-282.9130.9134.54.6
ROA
ROA%
-7.8-4.6-3.3-2.5-4.5-9.4-1,397.826.61.45.72.9
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** DSJ Keep Learning Limited is a publicly listed Indian education technology company strategically repositioned since 2021 to focus on enabling scalable, efficient, and outcome-driven operations across the higher and continuing education sectors. Originally rooted in the publishing industry, the company underwent a transformative pivot under new leadership, aligning with the growth opportunities presented by India’s evolving educational landscape and the National Education Policy (NEP) 2020. The company operates under two primary business verticals: 1. **Campus Enablement** – delivering full-stack operational support to higher education institutions. 2. **keeplearning.live** – a lifelong learning platform for working professionals offering career-aligned programs in collaboration with globally ranked universities. With a learner-centric philosophy, DSJ Keep Learning combines advanced technology, process outsourcing, and academic delivery to become a strategic operating partner for educational institutions aiming to improve admissions, academic outcomes, and digital transformation. --- ### **Core Business Verticals** #### **1. Campus Enablement** This vertical serves as a comprehensive partner for higher education institutions, supporting them in scaling enrollments and streamlining operations through three key service lines: - **Student Recruitment Services** End-to-end recruitment outsourcing powered by a proprietary tech engine. The model operates on a **success-linked fee structure**, minimizing risk for institutions. Utilizes digital, organic, affiliate, and referral channels to deliver qualified leads. - **Technology Platform (kOS – keeplearning Operating System)** A flagship SaaS product that has transitioned from a "SaaS + services" model to a **product-only** platform, enabling institutions to independently manage: - CRM and admissions - Timetables and attendance - Academic evaluations and fee management - Regulatory reporting, HR, and finance - Deployed in institutions including **JAGSoM, Vijaybhoomi University, IFIM College**, and **IFIM Law School**. - Serves over **2,300 students**, **200+ faculty/administrators**. - Generating revenue since FY 2022–23. - **Program Delivery & Management Services** Supports institutions in transitioning offline degree programs to high-quality online formats using trained personnel, standardized processes, and proprietary technology. DSJ controls the **entire delivery chain**—academics, tech, and operations—for several online programs. #### **2. keeplearning.live (Continuing Education Platform)** A subscription-based platform focused on **industry-readiness and measurable learning outcomes** for working professionals. - **Flagship Offering**: *Career Tracks* – long-form, career-aligned programs co-developed with academic and industry partners. - Partnerships with institutions such as: - Jagdish Sheth School of Management - INSOFE - True School of Music - Simplilearn - Skilledge - Lithan Systems (Singapore) - Enrolled over **100+ learners** in its early phase (as of 2022), with plans to scale. - In 2025, the company plans to introduce **subscription-based micro-credentials**, expanding access to short-form, skill-specific learning. --- ### **Technology & Innovation** DSJ Keep Learning's competitive edge lies in its **full-stack technology stack**, designed to reduce cost, improve efficiency, and deliver accountability. - **kOS (keeplearningOS)**: - A modular SaaS platform managing all academic and administrative workflows. - Used internally to run *keeplearning.live*, demonstrating its operational robustness. - Agile development methodology ensures continuous improvement. - **Proprietary Recruitment Tech Stack**: Features: - **Agentic AI** for intelligent lead nurturing and engagement - Automated sales process management - Real-time **funnel analytics and attribution tracking** to lower customer acquisition costs (CAC) - Integrated dashboards for performance monitoring - **Dedicated Learning Studio in Bangalore**: Invested in to enhance content quality, faculty engagement, and production standards for online programs. --- ### **Leadership & Background** - **Mr. Sanjay Padode** – Chairman & Managing Director Serial entrepreneur; founded DART (1993), launched India Online (one of India’s first national internet services) and DART Mail (India’s first secure corporate email). - **Mr. Pranav Padode** – Whole-time Director & CEO - Stanford University alum (B.S. Electrical Engineering, 2019) - Former contributor to PayPal’s fraud detection system - Alumnus of **Entrepreneur First**, UK-based startup incubator Leadership brings deep expertise in tech, education, and early-stage business building. --- ### **Key Milestones** | Date | Key Event | |-------------|---------| | Jun 2021 | Rebranded from DSJ Communications Ltd to **DSJ Keep Learning Ltd**; strategic shift to education | | Aug 2021 | Launched *keeplearning* platform; formed partnership with Lithan Systems | | Sep 2022 | Launched **Career Tracks**; kOS deployed in 4 institutions; over 1,500 students admitted via process outsourcing | | Aug 2023 | Leadership profile published; strong emphasis on tech differentiation | | Sep 2024 | kOS generates stable revenue; Agile dev processes confirmed; 3 service verticals formalized | | Sep 2025 | kOS becomes **product-only SaaS**; full-stack recruitment scaled; strategic plan for SaaS expansion and margin improvement confirmed | --- ### **Competitive Positioning** DSJ Keep Learning differentiates itself through: - **Integrated full-stack solutions** – combining recruitment, tech, and program delivery - **Outcome-focused model** – emphasis on measurable learning and employment outcomes - **Proprietary Agentic AI and analytics** in recruitment - **Scalable SaaS platform** (kOS) enabling institutional autonomy - **Learner-centric design** across both campus and continuing education offerings Despite competition from ed-tech providers, SaaS startups, and new-age universities, the company believes its **vertical integration** and **operational accountability** create a sustainable moat. ---