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 ₹ 1,075 Cr.
- Current Price ₹ 485
- High / Low ₹ 890 / 384
- Stock P/E 20.3
- Book Value ₹ 163
- Dividend Yield 0.41 %
- ROCE 24.3 %
- ROE 19.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 78.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
- Debtor days have improved from 30.7 to 18.2 days.
Cons
- Working capital days have increased from 255 days to 388 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
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 45 | 43 | 79 | 122 | 199 | 252 | 274 | |
| 42 | 38 | 69 | 98 | 136 | 171 | 202 | |
| Operating Profit | 3 | 5 | 10 | 24 | 63 | 81 | 72 |
| OPM % | 7% | 12% | 13% | 20% | 32% | 32% | 26% |
| 8 | 3 | 2 | 2 | 4 | 4 | 11 | |
| Interest | 2 | 3 | 3 | 5 | 5 | 5 | 3 |
| Depreciation | 2 | 1 | 1 | 5 | 7 | 9 | 10 |
| Profit before tax | 8 | 4 | 9 | 16 | 55 | 70 | 70 |
| Tax % | 28% | 31% | 26% | 27% | 26% | 26% | 25% |
| 5 | 3 | 6 | 12 | 41 | 52 | 53 | |
| EPS in Rs | 3.63 | 1.93 | 4.25 | 7.66 | 26.95 | 25.53 | 23.86 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 4% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 45% |
| 3 Years: | 31% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 78% |
| 3 Years: | 66% |
| TTM: | 2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 29% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 26 | 23 | 20 | 34 | 25 | 64 | 8 | |
| 9 | 12 | 18 | 54 | 59 | 41 | 61 | |
| Total Liabilities | 81 | 84 | 93 | 163 | 202 | 277 | 429 |
| 2 | 2 | 1 | 20 | 17 | 16 | 9 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 22 | 22 | 16 | 16 | 0 | 0 | 70 |
| 57 | 61 | 76 | 127 | 184 | 261 | 349 | |
| Total Assets | 81 | 84 | 93 | 163 | 202 | 277 | 429 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 2 | 2 | 3 | -17 | -23 | 57 | ||
| -1 | 8 | -8 | 47 | -4 | -112 | ||
| -5 | -5 | -5 | -18 | 14 | 73 | ||
| Net Cash Flow | -5 | 5 | -10 | 12 | -13 | 19 | |
| Free Cash Flow | 2 | 2 | 0 | -17 | -28 | 57 | |
| CFO/OP | 43% | 22% | 44% | -10% | -21% | 84% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 114 | 113 | 35 | 21 | 21 | 52 | 18 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 114 | 113 | 35 | 21 | 21 | 52 | 18 |
| Working Capital Days | 180 | 169 | 94 | 89 | 150 | 227 | 388 |
| ROCE % | 11% | 16% | 23% | 47% | 40% | 24% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Admissions (Student Enrollments) Number |
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| Number of Partner Institutions Number |
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| Average Revenue Per User (ARPU) INR |
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| Learner Acquisition Cost (LAC) INR |
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| Number of Offices and Studios Number |
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| Revenue per Employee per Month INR Lakhs |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Investor Presentation
1d - Investor Presentation on Audited Financial Results for the quarter and year ended March 31, 2026.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
1d - Crisil monitoring report for quarter ended March 31, 2026 shows no deviation; Rs 1,185.72 million utilized.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
9 May - Enclosed herewith is a copy of the Newspaper publication pertaining to Audited Financial Results for the quarter and year ended March 31, 2026.
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Corporate Action-Board approves Dividend
7 May - Board approved FY26 audited results on May 7, 2026 and recommended Rs.3 final dividend.
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Board Meeting Outcome For Financial Results For The Year Ended March 31, 2026, Along With Attached Auditors'' Report And Recommendation Of A Final Dividend.
7 May - Board approved FY26 audited results and recommended Rs.3 final dividend per share on May 7, 2026.
Concalls
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May 2026TranscriptAI SummaryPPT
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Feb 2026Transcript PPT REC
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.