Jaro Institute of Technology Management and Research Limited
NSE: JAROE-Learning
Share price
₹405.00
+0.25% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
66
out of 100 · worked out 9 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹891 Cr
P/E ratio
15.9
P/B ratio
2.5
ROCE
22.1%
ROE
19.9%
Dividend yield
1.2%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Fewer than three years of filings — too early to judge growth.
Whether it grew faster than its sector
It grew 10.8% a year against a sector median of 13.9% — 3.1 percentage points slower.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 0.3 times its growth rate, on earnings growth of 56%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Jaro Institute of Technology Management and Research Limited — this one | 56%/yr | 15.9× | ₹0.28 |
| Physicswallah Limited | 23%/yr | — | — |
| Veranda Learning Solutions Limited | 30%/yr | 5.2× | ₹0.17 |
| G-TEC JAINX EDUCATION LIMITED | — | — | — |
| Usha Martin Education & Solutions Limited | 80%/yr | 28.3× | ₹0.35 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (E-Learning), it ranks 1 of 5 on returns, 3 of 5 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A wide advantage: it earns 22.1% on capital, ahead of 80% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the last five years it made ₹22 crore of cash from the business and spent ₹8 crore on plant and equipment, with ₹14 crore to spare; it still raised ₹59 crore from shareholders — borrowings did not rise. But only about 14 of every 100 rupees of profit it reported over 6 years arrived as cash — the rest is tied up. Its cash comes back more slowly than it used to: it went from being waiting 94 days for its cash to waiting 295 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
9 of 10 checks clear · 90%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Posted ₹70.8 crore of revenue and ₹11.2 crore of profit for the quarter.
Announced 8 Aug 2026 · Standalone · Unaudited
Revenue
₹71 Cr
Net profit
₹11 Cr
Net margin
15.8%
EPS
₹5.11
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹891 Cr
- Prev close
- ₹405.00
- 52w High
- ₹736
- 52w Low
- ₹384
- Enterprise value
- ₹754 Cr
- Beta
- 1.0
- Price CAGR 1y
- -39.0%
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 12.4%
- PEG ratio
- 0.3
- P/E ratio
- 15.9
- P/B ratio
- 2.5
- EV / EBITDA
- 10.3
- Industry P/E
- 30.6
- ROCE
- 22.1%
- ROCE 5y average
- 29.6%
- ROE
- 19.9%
- Debt / Equity
- 0.0
- Interest coverage
- 18.5
- Dividend yield
- 1.2%
- ROE 3y average
- 27.0%
- ROE last year
- 17.0%
Annual P&L
- Annual revenue
- ₹274 Cr
- Annual profit
- ₹53 Cr
- Operating margin
- 26.0%
- Net profit margin
- 19.3%
- EBITDA margin
- 26.6%
- Sales growth 3y
- 31.0%
- Sales growth 5y
- 44.8%
- Profit growth 3y
- 56.0%
- Profit growth 5y
- 72.0%
- EPS
- ₹23.9
- Sales growth TTM
- 13.0%
- Profit growth TTM
- 35.0%
- Dividend payout
- 12.0%
Quarter P&L
- Sales latest quarter
- ₹71 Cr
- Profit latest quarter
- ₹11 Cr
- YoY quarterly sales growth
- 16.6%
- YoY quarterly profit growth
- 37.5%
- OPM latest quarter
- 21.4%
Balance Sheet
- Book Value
- ₹164
- Face Value
- ₹10.0
- Total debt
- ₹8 Cr
- Total cash
- ₹74 Cr
- Borrowings
- ₹8 Cr
- Reserves / Equity
- 15.4
Cash Flow
- Operating cash flow
- ₹57 Cr
- Free cash flow
- ₹57 Cr
- FCF yield
- 5.9%
- Net cash flow
- ₹19 Cr
Shareholding
- Promoter holding
- 61.4%
- FII holding
- 0.8%
- DII holding
- 2.7%
- Public holding
- 33.3%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Physicswallah | 139.57 | 663.5 | 40,545 | 0.00 | -88.3 | 35.6 | 1,054.0 | 24.4 | 4.0 |
| Jaro Institute | 414.40 | 16.3 | 923 | 1.21 | 11.2 | 48.3 | 70.8 | 16.6 | 22.1 |
| Veranda Learning | 31.20 | 4.7 | 301 | 0.00 | 33.9 | 854.4 | 149.5 | 41.5 | 12.8 |
| Robokidz Eduventures | 206.70 | 22.3 | 224 | 0.00 | |||||
| Fusion Klassroom Edutech | 162.60 | 19.9 | 151 | 0.00 | 60.6 | ||||
| Sodhani Academy | 138.00 | 81.9 | 79 | 0.54 | 1.4 | -23.9 | 1.6 | -45.3 | 12.8 |
| Jetking Infotrai | 121.40 | 77 | 0.00 | -1.3 | -267.5 | 5.3 | -12.8 | -3.7 | |
| Median | 162.60 | 19.9 | 301 | 0.00 | 11.2 | 48.3 | 149.5 | 24.4 | 17.5 |
Competes with: G-TEC JAINX EDUCATION LIMITED, MPS Limited, Physicswallah Limited, Usha Martin Education & Solutions Limited, Veranda Learning Solutions Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 61 | 74 | 43 | 74 | 61 | 80 | 60 | 73 | 71 |
| Expenses | 35 | 45 | 45 | 46 | 47 | 54 | 50 | 52 | 56 |
| Material Cost | 0 | 0 | 0 | 0 | 0 | ||||
| Change in Inventories | 0 | 0 | 0 | 0 | 0 | ||||
| Purchases of Stock-in-Trade | 0 | 0 | 0 | 0 | 0 | ||||
| Employee Cost | 19 | 22 | 19 | 18 | 20 | ||||
| Other Expenses | 28 | 32 | 30 | 33 | 35 | ||||
| Operating Profit | 26 | 30 | -1 | 28 | 14 | 27 | 10 | 21 | 15 |
| OPM % | 42 | 40 | -2.82 | 38 | 23 | 33 | 17 | 29 | 21 |
| Other Income | 0 | 1 | 0 | 1 | 0 | 0 | 2 | 9 | 2 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | 0 | 0 | ||||
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 3 | 2 | 2 | 2 | 3 | 2 | 2 |
| Profit before tax | 24 | 27 | -5 | 25 | 10 | 23 | 9 | 27 | 15 |
| Tax % | 27 | 26 | -27 | 26 | 27 | 27 | 25 | 22 | 24 |
| Net Profit | 17 | 20 | -4 | 18 | 8 | 17 | 7 | 21 | 11 |
| EPS in Rs | 8.53 | 9.94 | -1.92 | 8.99 | 3.72 | 7.68 | 3.17 | 9.62 | 5.02 |
| Diluted EPS in Rs | 3.60 | 8.26 | 3.15 | 9.77 | 5.09 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 45 | 43 | 79 | 122 | 199 | 252 | 274 | 284 |
| Expenses | 42 | 38 | 69 | 98 | 136 | 170 | 201 | 211 |
| Material Cost | 0 | |||||||
| Change in Inventories | 0 | |||||||
| Purchases of Stock-in-Trade | 0 | |||||||
| Employee Cost | 79 | |||||||
| Other Expenses | 123 | |||||||
| Operating Profit | 3 | 5 | 10 | 24 | 63 | 83 | 73 | 73 |
| OPM % | 7 | 12 | 13 | 20 | 32 | 33 | 26 | 26 |
| Other Income | 8 | 3 | 2 | 2 | 4 | 2 | 11 | 13 |
| Exceptional items (within Other Income) | 0 | |||||||
| Interest | 2 | 3 | 3 | 5 | 5 | 5 | 4 | 2 |
| Depreciation | 2 | 1 | 1 | 5 | 7 | 9 | 10 | 10 |
| Profit before tax | 8 | 4 | 9 | 16 | 55 | 70 | 70 | 75 |
| Tax % | 28 | 31 | 26 | 27 | 26 | 26 | 25 | |
| Net Profit | 5 | 3 | 6 | 12 | 41 | 52 | 53 | 57 |
| EPS in Rs | 3.63 | 1.93 | 4.25 | 7.66 | 27 | 26 | 24 | 25 |
| Diluted EPS in Rs | 25 | |||||||
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 4 | 12 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- 45%
- 3 years
- 31%
- TTM
- 13%
Compounded profit growth
- 10 years
- —
- 5 years
- 72%
- 3 years
- 56%
- TTM
- 35%
Stock price CAGR
- 10 years
- —
- 5 years
- —
- 3 years
- —
- 1 year
- -39%
Return on equity
- 10 years
- —
- 5 years
- 25%
- 3 years
- 27%
- Last year
- 17%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 20 | 22 |
| Reserves | 30 | 33 | 40 | 60 | 102 | 151 | 339 |
| Borrowings | 26 | 23 | 20 | 34 | 25 | 64 | 8 |
| Other Liabilities | 9 | 12 | 18 | 54 | 59 | 41 | 61 |
| Total Liabilities | 81 | 84 | 93 | 163 | 202 | 277 | 429 |
| Fixed Assets | 2 | 2 | 1 | 20 | 17 | 16 | 9 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 22 | 22 | 16 | 16 | 0 | 0 | 70 |
| Other Assets | 57 | 61 | 76 | 127 | 184 | 261 | 349 |
| Total Assets | 81 | 84 | 93 | 163 | 202 | 277 | 429 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2 | 2 | 3 | -17 | -23 | 57 | |
| Cash from Investing Activity | -1 | 8 | -8 | 47 | -4 | -112 | |
| Cash from Financing Activity | -5 | -5 | -5 | -18 | 14 | 73 | |
| Net Cash Flow | -5 | 5 | -10 | 12 | -13 | 19 | |
| Free Cash Flow | 2 | 2 | 0 | -17 | -28 | 57 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 114 | 113 | 35 | 21 | 21 | 52 | 18 |
| Cash Conversion Cycle | 114 | 113 | 35 | 21 | 21 | 52 | 18 |
| Working Capital Days | 180 | 169 | 94 | 89 | 150 | 227 | 295 |
| ROCE % | 11 | 16 | 23 | 47 | 40 | 22 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
-137inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about Jaro Institute of Technology Management and Research Limited. Open one to see why it matters.
29 Sept, 19:30 IST · Company event · low impact
Jaro Institute of Technology Management and Research Limited: Action(s) taken or orders passed
17 Sept, 18:30 IST · Company event · medium impact
A promoter bought Rs 1.11 crore of Jaro Institute of Technology Management and Research Limited
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Consumer Services
- Industry
- E-Learning
- Classification
- Consumer Services › E-Learning
- ISIN
- INE00YJ01010
News impact
Big market events that reach Jaro Institute of Technology Management and Research Limited, and how the effect spreads.
22 Sept, 21:48 IST · Market event · medium impact
Veranda Learning promoters pledge shares for ₹111 crore credit
Veranda Learning owners pledged shares for a personal ₹111 crore loan, which hurts Veranda shareholders with forced-sale risk while rival educators feel no effect.
Who it hits first
- Veranda Learning Solutions, an education company running coaching and training courses, disclosed that its promoters (founding owners) borrowed ₹111 crore in their personal capacity.
- The loan carries a first-ranking, exclusive pledge (a first claim for the lender) over Veranda shares the promoters hold, so the lender can sell those shares if the owners fail to pay — a classic share overhang for ordinary holders.
Who may gain
- No clear winner — the unnamed lender holds strong first-ranking security, but no listed rival gains students or pricing from an owner-level pledge
Along the supply chain
Downstream
No downstream link — the pack lists no customers for Veranda Learning, and students and hiring partners feel no effect from whose shares back the owners personal loan.
Upstream
No upstream link — the pack lists no suppliers for Veranda Learning, and an owner-level share pledge changes nothing it buys.
Where demand moves
Business
No business demand change — students keep enrolling and course fees do not move because owners pledged shares; classrooms and apps run as before.
Capital
Negative capital signal — a first-ranking pledge over owner shares adds forced-sale risk if the personal loan sours, and markets typically discount pledged-owner stocks until the pledge is released.
How it spreads across sectors
Consumer Services
Contained — the pledge sits at Veranda owner level only; fellow education names such as PhysicsWallah and JARO face no change in enrolments or fees, only possible brief sentiment noise.
Media, Entertainment & Publication
No impact — MPSLTD shares only a graph competitor edge with Veranda and has no business exposure to this owner pledge.
When it plays out
Immediate
1-7 days: Veranda shares likely trade soft as the fresh pledge on top of a 30.45% pledged-owner base sinks in; rivals stay flat.
Medium term
1-6 months: the overhang lasts until the ₹111 crore loan is repaid or the pledge released; classroom operations decide the rest.
Short term
1-4 weeks: focus shifts to any disclosure of pledge size and repayment cover; a top-up or release would move the stock.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 21 Jul 2026 | unspecified | ₹3 |
|---|---|---|
| 16 Jan 2026 | interim | ₹2 |
Splits, bonuses & buybacks
- daily-prices repair: 1 rows from NSE's archive (replace 0, delete 0, insert 1), 2026-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2026
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 19 May 2026 | SINGULARITY GROWTH OPPORTUNITIES FUND II | SELL | 2,80,899 | ₹501.33 |
| 19 May 2026 | SALUNKHE NAMDEO SANJAY | BUY | 2,09,189 | ₹503.91 |
| 14 May 2026 | SALUNKHE NAMDEO SANJAY | BUY | 1,46,745 | ₹512.44 |
| 14 May 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | BUY | 1,32,922 | ₹503.25 |
| 14 May 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | SELL | 1,31,944 | ₹503.70 |
| 13 May 2026 | SALUNKHE NAMDEO SANJAY | BUY | 2,33,255 | ₹463.99 |
| 13 May 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | SELL | 2,31,787 | ₹461.45 |
| 13 May 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | BUY | 2,31,387 | ₹461.27 |
| 13 May 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | SELL | 1,26,160 | ₹464.26 |
| 13 May 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | BUY | 1,25,688 | ₹464.23 |
Insider trades
| Disclosed | Who | Type | Shares | Value ₹ Cr |
|---|---|---|---|---|
| 26 Sep 2026 | Sanjay Namdeo Salunkhe · Promoter | BUY | 10,000 | 0.45 |
| 23 Sep 2026 | Sanjay Namdeo Salunkhe · Promoter | BUY | 1,648 | 0.08 |
| 17 Sep 2026 | Sanjay Namdeo Salunkhe · Promoter | BUY | 709 | 0.03 |
| 16 Sep 2026 | Sanjay Namdeo Salunkhe · Promoter | BUY | 23,400 | 1.11 |
| 12 Sep 2026 | Sanjay Namdeo Salunkhe · Promoter | BUY | 5,000 | 0.23 |
| 11 Sep 2026 | Sanjay Namdeo Salunkhe · Promoter | BUY | 15,638 | 0.72 |
| 27 Aug 2026 | Sanjay Namdeo Salunkhe · Promoter | BUY | 20,018 | 0.93 |
| 22 Aug 2026 | Balkrishna Namdeo Salunkhe · Promoter | BUY | 7,390 | 0.33 |
| 21 Aug 2026 | Balkrishna Namdeo Salunkhe · Promoter | BUY | 1,500 | 0.07 |
| 21 Aug 2026 | Balkrishna Namdeo Salunkhe · Promoter | BUY | 300 | 0.01 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call9 Aug 2026
- Annual report · 2025-266 Jul 2026
- Results presentation30 Jun 2026
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.