Jaro Institute of Technol. Mgt. and Research Ltd
Incorporated in 2009, Jaro Institute of Technology Management and Research Ltd is an online higher education and upskilling company.[1]
- Market Cap ₹ 1,492 Cr.
- Current Price ₹ 674
- High / Low ₹ 890 / 640
- Stock P/E 30.7
- Book Value ₹ 164
- Dividend Yield 0.00 %
- ROCE 39.9 %
- ROE 35.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 55.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.9%
Cons
- Debtor days have increased from 31.5 to 52.4 days.
- Working capital days have increased from 155 days to 227 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Services Other Consumer Services E-Learning
Part of BSE IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 45 | 43 | 79 | 122 | 199 | 252 | |
| 42 | 38 | 69 | 98 | 136 | 171 | |
| Operating Profit | 3 | 5 | 10 | 24 | 63 | 81 |
| OPM % | 7% | 12% | 13% | 20% | 32% | 32% |
| 8 | 3 | 2 | 2 | 4 | 4 | |
| Interest | 2 | 3 | 3 | 5 | 5 | 5 |
| Depreciation | 2 | 1 | 1 | 5 | 7 | 9 |
| Profit before tax | 8 | 4 | 9 | 16 | 55 | 70 |
| Tax % | 28% | 31% | 26% | 27% | 26% | 26% |
| 5 | 3 | 6 | 12 | 41 | 52 | |
| EPS in Rs | 3.63 | 1.93 | 4.25 | 7.66 | 26.95 | 25.53 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 47% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 55% |
| 3 Years: | 101% |
| TTM: | 27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 34% |
| Last Year: | 36% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 20 | 22 |
| Reserves | 30 | 33 | 40 | 60 | 102 | 151 | 341 |
| 26 | 23 | 20 | 34 | 25 | 64 | 48 | |
| 9 | 12 | 18 | 54 | 59 | 41 | 328 | |
| Total Liabilities | 81 | 84 | 93 | 163 | 202 | 277 | 740 |
| 2 | 2 | 1 | 20 | 17 | 16 | 14 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 22 | 22 | 16 | 16 | 0 | 0 | 0 |
| 57 | 61 | 76 | 127 | 184 | 261 | 726 | |
| Total Assets | 81 | 84 | 93 | 163 | 202 | 277 | 740 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 2 | 2 | 3 | -17 | -23 | ||
| -1 | 8 | -8 | 47 | -4 | ||
| -5 | -5 | -5 | -18 | 14 | ||
| Net Cash Flow | -5 | 5 | -10 | 12 | -13 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 114 | 113 | 35 | 21 | 21 | 52 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 114 | 113 | 35 | 21 | 21 | 52 |
| Working Capital Days | 180 | 169 | 94 | 89 | 150 | 227 |
| ROCE % | 11% | 16% | 23% | 47% | 40% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Copy of Newspaper Publication for Quarter dended June 30, 2025 and quarter and half-year ended September 30, 2025.
-
Intimation Pursuant To Regulation 8(1) And 8(2) Of SEBI (Prohibition Of Insider Trading) Regulations, 2015
2d - Adopted Code for fair disclosure of UPSI; notified exchanges and published on website, dated October 18, 2025.
-
Intimation Under Regulation 30(5) Of SEBI (LODR) Regulations, 2015 - Authority For Determining Materiality Of Events Or Information
2d - Board authorized MD Sanjay Namdeo Salunkhe and CFO Sankesh Kashinath Mophe to determine disclosure materiality (Oct 18, 2025).
- Financial Results For The Quarter Ended June 30, 2025 2d
- Financial Results For The Quarter And Half Year Ended September 30, 2025 2d
Business Overview:[1]
JITMRL is an online higher education and upskilling platform offering a wide range of degree programs—such as DBA, MBA, M.Com, M.A., PGDM, MCA, M.Sc., B.Com, BCA—and cross-disciplinary certification courses. It partners with 36 institutions, including 16 Tier-1 universities (notably 7 IIMs and 7 IITs) and 15 Tier-2 universities, ensuring strong academic collaboration.