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 ₹ 909 Cr.
- Current Price ₹ 408
- High / Low ₹ 738 / 320
- Stock P/E 15.7
- Book Value ₹ 172
- Dividend Yield 1.20 %
- ROCE 22.1 %
- ROE 16.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 71.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.9%
- Debtor days have improved from 30.7 to 18.2 days.
Cons
* 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 Consumer Discretionary Nifty 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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 45 | 43 | 79 | 122 | 199 | 252 | 274 | 291 | |
| Sales growth | -5% | +84% | +55% | +63% | +27% | +9% | +13% | |
| 42 | 38 | 69 | 98 | 136 | 170 | 201 | 219 | |
| Operating Profit | 3 | 5 | 10 | 24 | 63 | 83 | 73 | 73 |
| OPM % | 7% | 12% | 13% | 20% | 32% | 33% | 26% | 25% |
| 8 | 3 | 2 | 2 | 4 | 2 | 11 | 15 | |
| Interest | 2 | 3 | 3 | 5 | 5 | 5 | 4 | 1 |
| Depreciation | 2 | 1 | 1 | 5 | 7 | 9 | 10 | 10 |
| Profit before tax | 8 | 4 | 9 | 16 | 55 | 70 | 70 | 77 |
| Tax % | 28% | 31% | 26% | 27% | 26% | 26% | 25% | |
| 5 | 3 | 6 | 12 | 41 | 52 | 53 | 58 | |
| EPS in Rs | 2.72 | 1.44 | 3.18 | 5.73 | 20.16 | 25.58 | 23.86 | 26.13 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 4% | 21% |
| 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: | 49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 27% |
| Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 20 | 22 | 22 |
| Reserves | 30 | 33 | 40 | 60 | 102 | 151 | 339 | 361 |
| 26 | 23 | 20 | 34 | 25 | 64 | 8 | 8 | |
| 9 | 12 | 18 | 54 | 59 | 41 | 61 | 65 | |
| Total Liabilities | 81 | 84 | 93 | 163 | 202 | 277 | 429 | 456 |
| 2 | 2 | 1 | 20 | 17 | 16 | 9 | 9 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 22 | 22 | 16 | 16 | 0 | 0 | 70 | 120 |
| 57 | 61 | 76 | 127 | 184 | 261 | 349 | 327 | |
| Total Assets | 81 | 84 | 93 | 163 | 202 | 277 | 429 | 456 |
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 43% | 22% | 44% | -10% | -21% | 83% |
Ratios
Standalone / 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 | 295 |
| ROCE % | 11% | 16% | 23% | 47% | 40% | 22% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Average Revenue Per User (ARPU) INR |
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| Customer Acquisition Cost (CAC) INR per learner |
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| Gross Bookings INR Lakhs |
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| Number of Certification Admissions learners |
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| Number of Degree Admissions learners |
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| Number of Offices & Studios count |
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| Number of Partner Institutions count |
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| Return on Performance Marketing Spend (ROPM) x |
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| Degree Program Completion Rate % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Jaro Education reported H1 FY27 PAT up 21%, total income up 15%, plus new institutional partnerships.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Enclosed herewith is a copy of the Newspaper Publication pertaining to the Unaudited Financial Result for the Quarter and half-year ended September 30, 2026.
- Unaudited Financial Results For The Quarter And Half-Year Ended September 30, 2026.
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Board Meeting Outcome for Board Meeting Outcome For Unaudited Financial Results For The Quarter And Half-Year Ended September 30, 2026.
- Board approved Q2/H1 FY27 unaudited results; net profit rose to ₹29.71 crore.
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Board Meeting Intimation for Board Meeting Intimation For Consider And Approve The Unaudited Financial Results Of The Company For The Quarter And Half-Year Ended September 30, 2026.
- Board meeting on November 5, 2026 to approve Q2 and half-year FY2026 unaudited results.
Concalls
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Aug 2026PPT
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May 2026PPT
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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.