Jaro Institute Of Technology Management And Research Limited (JARO)

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Jaro Institute Of Technology Management And Research Limited (JARO) · mywealthgrid

About

Jaro Institute is a mid-cap e-learning company in India's Consumer Discretionary sector with a market cap of ₹1,011 Cr. Operating on a capital-light, profitable model (zero debt, quarterly profits ₹7–21 Cr), it delivers technology-enabled education and training services at quarterly revenues of ₹60–80 Cr. As a specialized player in digital learning, it competes in a fragmented sector driven by increasing internet penetration and enterprise spending on upskilling.

Face value: ₹10

Market cap

₹911 Cr

P/E

16.1×

P/B

2.5×

Dividend yield

1.2%

ROE

14.7%

ROCE

18.9%

Debt / equity

OPM

26.3%

EPS (TTM)

₹26.0

Book value

₹165.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue volatility quarter-to-quarter (₹60–80 Cr range) and operating margins swinging 17.5%–33%: verify whether cyclicality, seasonality, client concentration, or product-mix shifts are driving swings, and what mitigates them
Earnings quality concerns: EPS ranges ₹3.17–₹9.84 across recent quarters despite smaller revenue swings (profit volatility exceeds revenue volatility), indicating leverage in cost structure; verify what cost components are fixed vs variable
Minimal institutional ownership (FII 0.75%, DII 2.7% as of Jun 2026): verify whether this reflects limited analyst coverage, liquidity constraints, or underlying confidence gaps
Discretionary sector exposure: verify which end-markets (corporate training, higher education, skill development, enterprise) drive revenue and how each behaves in economic downturns

Generated analysis · source review pending

Growth drivers

Quarterly profitability of ₹7–21 Cr with zero debt enables cash reinvestment without financial leverage constraints
Operating margin of 26.32% provides cost cushion; verify if expanded learner base, additional course offerings, or volume at current margins could drive revenue growth
Mar 2026 quarter showed OPM improvement to 28.99% from Dec 2025's 17.5%, suggesting operational efficiency gains; verify if this reflects mix improvement or structural cost control and sustainability
Recurring dividends (declared Jul 2026, Jan 2026) and consistent quarterly profitability indicate stable cash generation; verify if rates support both shareholder returns and organic growth investment

Generated analysis · source review pending

245 historical price candles were omitted because the exchange source has not been verified.

₹408.4-3.1%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 26.3%
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 23×
+High promoter holding of 61.4% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

78/100

Business quality: 71
Growth: 86
Valuation: 76

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Physicswallah LimitedPWLPWL	₹34,365 Cr	₹34,376 Cr	₹4,106 Cr	₹389 Cr	9.5%	₹20 Cr	-0.6%	2.8%	-0.5%	-317
Veranda Learning Solutions LimitedVERANDAVERANDA	₹2,059 Cr	₹2,360 Cr	₹525 Cr	₹187 Cr	34.6%	₹144 Cr	27%	9.9%	17.4%	-740
Jaro Institute Of Technology Management And Research LimitedJAROJARO	₹911 Cr	₹911 Cr	₹284 Cr	₹73 Cr	26.3%	₹57 Cr	19.3%	18.9%	14.7%	-19
Robokidz Eduventures LtdROBOKIDZROBOKIDZ	₹241 Cr	—	—	—	—	—	—	—	—	—
Fusion Klassroom Edutech LtdKLASSROOMKLASSROOM	₹153 Cr	₹154 Cr	₹10 Cr	—	—	₹3 Cr	28.7%	-10.4%	41.6%	—
Sodhani Academy of Fintech Enablers LtdSAFESAFE	₹79 Cr	—	₹4 Cr	₹2 Cr	55.1%	₹3 Cr	95.1%	26.6%	22.4%	—
Jetking Infotrain LtdJETKINGQJETKINGQ	₹76 Cr	₹77 Cr	₹22 Cr	₹-3 Cr	-13.2%	₹-1 Cr	-4.2%	-2.3%	-2.2%	-8
Usha Martin Education & Solutions LimitedUMESLTDUMESLTD	₹12 Cr	₹12 Cr	₹1 Cr	₹0 Cr	48.9%	₹0 Cr	44.3%	5.1%	4.7%	0

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2026
Revenue	274
	202
	72
OPM %	26.3%
Depreciation	10
Interest	3
	11
Profit before tax	70
Tax	17
Tax %	24.7%
PAT	53
PAT margin %	19.3%
EPS (₹)	25
EPS adjusted (₹)	24.3
	20%
Annual report	Annual report for Mar 2026

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	15	15	20	22
Reserves	63	102	151	339
Minority interest	6	—	—	—
	38	25	51	0
	54	59	54	68
Total equity & liabilities	176	202	277	429
	13	2	4	9
CWIP	—	—	—	—
Investments	—	—	—	70
	163	200	273	349
Total assets	176	202	277	429

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3	-17	-23	57
	-8	47	-4	-112
	5	-19	14	73
Net cash flow	-0	11	-13	19
Free cash flow	-0	-17	-28	57
CFO / Operating profit %	—	—	—	79.7%

Return on equity

7 years: —
5 years: —
3 years: —
Last year: 15%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2026
Margins
Gross margin %	—
EBITDA margin %	26.3%
EBIT margin %	22.8%
PAT margin %	19.3%
Working capital
Receivable days	18
Inventory days	0
Payable days	38
NWC days	-19
Leverage
Current ratio	10.08
Debt to EBITDA	0.01
Debt to equity	0
Interest coverage	23
Asset turnover	0.64
Return ratios
Return on assets %	12.3%
Return on capital employed %	18.9%
Return on equity %	14.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	57.33%	57.33%	57.33%	57.28%	61.43%
	2.89%	2.89%	1.95%	0.79%	0.75%
	11.67%	10.89%	7.49%	4.87%	2.7%
Government	0%	0%	0%	0%	0%
	28.11%	28.89%	33.23%	37.06%	33.32%
No. of shareholders	—	1,14,325	75,090	69,097	66,788

Promoter holding up 4.1 percentage points since Jun 2025.

2 disclosures

Person	Deal	Shares	Value	Holding	Filed
Ranjita RamanDirector	BuyMarket Purchase	2,000	₹12.46 L	0.87% → 0.88%	8 Nov 20257(2)
Ranjita RamanDirector	BuyMarket Purchase	26,822	₹1.67 cr

32 deals · 30 Sept 2025 – 19 May 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
19 May 2026	SINGULARITY GROWTH OPPORTUNITIES FUND II	Bulk	NSE	Sell	2,80,899	₹501.33	₹14.08 Cr
19 May 2026	SALUNKHE NAMDEO SANJAY	Bulk	NSE	Buy	2,09,189	₹503.91	₹10.54 Cr
14 May 2026	SALUNKHE NAMDEO SANJAY	Bulk	NSE	Buy	1,46,745	₹512.44	₹7.52 Cr
14 May 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	1,32,922	₹503.25	₹6.69 Cr
14 May 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	1,31,944	₹503.70	₹6.65 Cr
13 May 2026	SALUNKHE NAMDEO SANJAY	Bulk	NSE	Buy	2,33,255	₹463.99	₹10.82 Cr
13 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	2,31,787	₹461.45	₹10.70 Cr
13 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	2,31,387	₹461.27	₹10.67 Cr
13 May 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	1,26,160	₹464.26	₹5.86 Cr
13 May 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	1,25,688	₹464.23	₹5.83 Cr

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Mr. SANJAY NAMDEO SALUNKHEExecutive Director-Chairperson-MD
Mr. BALKRISHNA NAMDEO SALUNKHENon-Executive - Non Independent Director
Ms. RANJITA RAMANExecutive Director-CEO
Mr. ISHAN BAVEJANon-Executive - Independent Director
Mrs. ALPA URMIL ANTANINon-Executive - Independent Director
Mrs. VAIJAYANTI AJIT PANDITNon-Executive - Independent Director
Kirtika ChauhanCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Jaro Institute Of Technology Management And Research Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

2

Final dividend21 Jul 2026 · ex-date₹3
Interim dividend16 Jan 2026 · ex-date₹2

1

Board meeting to consider results8 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

25 announcementsExport CSV

29 Sept 2026, 6:57 pmCompany Update

Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (LODR) Regulations, 2015

General PDF

28 Sept 2026, 1:58 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

18 Sept 2026, 2:55 pmInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011