KEEPLEARN
DSJ Keep Learning financials
- Market cap
- ₹29 Cr
- Sector
- Consumer Services
What DSJ Keep Learning Limited does
DSJ Keep Learning Limited (formerly DSJ Communications Limited) works across three product/service verticals for higher-education institutions. Under Student Recruitment Services it supplies manpower, process and technology so institutions can outsource their student-recruitment function. Its Technology Platform is a SaaS system to manage academic and institutional operations, and its Program Delivery & Management Services arm provides trained manpower, process and technology to help institutions convert offline degree programs to online delivery. The company has been in existence and operation since 1989.
Segments
- Student Recruitment Services
- Technology Platform
- Program Delivery & Management Services
- Business verticals
- 3 (Student Recruitment Services, Technology Platform, Program Delivery & Management Services)
Quarterly results
Q1 FY27: revenue down 22.1%, net profit down 66.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 2 | 3 | 3 | 2 +12% | 1 −31% | 2 −55% | 2 −22% |
| EBITDA | 0 | 0 | 0 | 0 | 0 +0% | -0 −344% | -1 −807% | 0 −58% |
| Net profit | 0 | 0 | -0 | 0 | 0 −75% | -1 −515% | -1 −1800% | 0 −67% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −33.5% 1Y
1Y: ₹2.84 on 10 Sept 2025 → ₹1.89. High ₹3 (24 Oct 2025), low ₹1.54 (30 Mar 2026).
Financials, as filed
Revenue grew 11.7% a year over 2 years, FY24 to FY26. Operating margin narrowed to -9.9%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹6 Cr | ₹10 Cr | ₹8 Cr |
| Operating profit | ₹1 Cr | ₹1 Cr | ₹-1 Cr |
| Operating margin | 12.7% | 7.0% | -9.9% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹0 Cr | ₹0 Cr | ₹-1 Cr |
| Net margin | 5.1% | 3.2% | -12.3% |
| Cash from operations | ₹1 Cr | ₹-1 Cr | ₹2 Cr |
| Free cash flow | ₹0 Cr | ₹-3 Cr | ₹1 Cr |
| ROCE | 23.0% | 9.8% | -11.1% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹7 Cr | ₹8 Cr | ₹8 Cr | ₹9 Cr | ₹16 Cr | ₹16 Cr |
| Reserves | ₹-9 Cr | ₹-8 Cr | ₹-8 Cr | ₹-9 Cr | ₹-8 Cr | ₹-9 Cr |
| Borrowings | ₹2 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹2 Cr | ₹2 Cr |
| Other liabilities | ₹0 Cr | ₹2 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr | ₹6 Cr |
| Total liabilities | ₹0 Cr | ₹5 Cr | ₹4 Cr | ₹6 Cr | ₹12 Cr | ₹14 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹5 Cr | ₹1 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹4 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹0 Cr | ₹4 Cr | ₹3 Cr | ₹3 Cr | ₹7 Cr | ₹8 Cr |
| Total assets | ₹0 Cr | ₹5 Cr | ₹4 Cr | ₹6 Cr | ₹12 Cr | ₹14 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +0.10 pp. The shareholder count grew 6% to 28,848.
- Promoters
- 55.4%
- DIIs
- 0.7%
- Public
- 43.9%
Since Jun 2025
- Public +0.10 pp
- DIIs −0.09 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Over this window promoters went from 43.0% to 55.4% — +12.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 43.0%, DIIs 1.4%, Public 55.6%.Dec '23: Promoters 42.2%, DIIs 1.4%, Public 56.4%.Mar '24: Promoters 42.2%, DIIs 1.4%, Public 56.4%.Jun '24: Promoters 57.2%, DIIs 0.8%, Public 42.0%.Sep '24: Promoters 56.9%, DIIs 0.8%, Public 42.3%.Dec '24: Promoters 56.9%, DIIs 0.8%, Public 42.3%.Mar '25: Promoters 56.9%, DIIs 0.8%, Public 42.3%.Jun '25: Promoters 55.4%, DIIs 0.8%, Public 43.8%.Sep '25: Promoters 55.4%, DIIs 0.7%, Public 43.9%.Dec '25: Promoters 55.4%, DIIs 0.7%, Public 43.9%.Mar '26: Promoters 55.4%, DIIs 0.7%, Public 43.9%.Jun '26: Promoters 55.4%, DIIs 0.7%, Public 43.9%.
Who is on the register
Named in the Jun 2026 filing
Every holder of DSJ Keep Learning Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| New Bonanza Impex Private Limited | 20.41% | unchanged |
| Narad Investment And Trading Private Limited | 16.06% | unchanged |
| Sanjay Padode | 7.05% | unchanged |
| Padode Communications Private Limited | 5.39% | unchanged |
| Dsj Finance Corporation Limited | 3.91% | unchanged |
| Pranav Padode | 2.54% | unchanged |
| Bajaj Auto Limited | 1.93% | unchanged |
| Gujarat Industrial Invest Corp Ltd | 1.52% | unchanged |
| Rajesh Vijay Padode | 1.49% | unchanged |
| Bimal Jasvantlal Parekh . | 1.29% | −0.30 pp |
| Nine Media And Information Services Limited | 0.05% | unchanged |
| Dataline And Research Technologies (India) Limited | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse DSJ Keep Learning Limited
Guides on how to read this kind of business and the numbers that matter.