JOJO Ltd (JOJO) · mywealthgrid

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About

JOJO Ltd operates in film production, distribution, and exhibition within the entertainment segment of consumer discretionary. The company is small-scale with a market cap of ₹425.47 Cr and subject to extreme quarterly volatility: revenue ranged from ₹0 to ₹2.02 Cr between Mar 2023 and Mar 2025, reflecting the project-dependent nature of independent film businesses.

Face value: ₹5

Market cap

₹574 Cr

P/E

102.2×

P/B

10.6×

Dividend yield

ROE

11.6%

ROCE

16.9%

Debt / equity

0.06

OPM

42.7%

EPS (TTM)

₹2.2

Book value

₹21.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue volatility is severe (₹0 to ₹2.02 Cr quarterly); Q Mar 2024 revenue of ₹2.02 Cr collapsed to ₹0.09–0.72 Cr range, making cash planning and guidance unreliable.
Trailing 12-month operating margin is -30% despite recent quarters at +37% or higher, signaling fundamental profitability uncertainty and absence of a repeatable cost structure.
Zero institutional investor backing (0% FII/DII) combined with 32.21% public float creates illiquidity and exit risk; no analyst coverage or capital-access pathways likely.
Operating margins swing wildly (Sep 2023: -212.77%, Dec 2024: +94.71%), leaving no buffer for production delays, box-office misses, or cost overruns typical in film ventures.

Generated analysis · source review pending

Growth drivers

Quarterly revenue recovery from ₹0.09 Cr (Sep 2023) to ₹1.08 Cr (Mar 2025) suggests improved production or release cadence; verify upcoming film pipeline and release commitments to assess sustainability.
Operating margins of 37–95% in recent quarters (Mar 2025: 37.21%, Dec 2024: 94.71%) versus -30% trailing average indicate either project-mix improvement or production cost control; verify unit economics and pricing strategy.
Zero debt (D/E = 0) and recent profitability (Mar 2025: ₹0.24 Cr, Dec 2024: ₹0.5 Cr) position company for self-funded production cycles; verify capex and working-capital runway versus cash generation.
Verify: whether streaming platforms and OTT licensing represent an emerging revenue stream for indie producers, and whether JOJO has existing or pipeline deals in this channel.

Generated analysis · source review pending

1,114 historical price candles were omitted because the exchange source has not been verified.

₹225.2-0.2%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 42.7%
+Profit CAGR of 725.2% over the last 3 years
+Revenue CAGR of 188.6% over the last 5 years
+Almost debt-free (debt/equity 0.1)
+High promoter holding of 67.8% with no pledge

Cons

−Low return on equity of 6.5% (3-yr avg)
−Expensive at 102.2× trailing earnings
−Trading at 10.6× book value
−Low dividend payout of 1.1% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

56/100

Business quality: 66
Growth

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
Pvr Inox LimitedPVRINOXPVRINOX	₹11,934 Cr	₹12,693 Cr	₹6,872 Cr	₹2,214 Cr	31.5%	₹445 Cr	5%	7.5%	4.6%	-391
Media Matrix Worldwide LimitedMMWLMMWL	₹1,762 Cr	₹1,929 Cr	₹947 Cr	₹11 Cr	1.2%	₹1 Cr	0.3%	—	0.8%	—
Panorama Studios International LtdPANORAMAPANORAMA	₹1,587 Cr	₹1,619 Cr	₹440 Cr	₹61 Cr	13.8%	₹1 Cr	8.7%	52.3%	39.1%	167
Sunshine Pictures LimitedSUNSHINESUNSHINE	₹1,411 Cr	₹1,422 Cr	₹103 Cr	₹48 Cr	46.7%	₹34 Cr	33.4%	53.7%	39.2%	—
JOJO LtdJOJOJOJO	₹574 Cr	₹577 Cr	₹24 Cr	₹10 Cr	42.7%	₹6 Cr	23.4%	16.9%	11.6%	-133
Vashu Bhagnani Industries LtdPOOJAENTPOOJAENT	₹420 Cr	₹426 Cr	₹14 Cr	₹1 Cr	7.4%	₹3 Cr	21.7%	2.2%	2.3%	3,549
Cineline India LimitedCINELINECINELINE	₹295 Cr	₹295 Cr	₹211 Cr	₹40 Cr	19%	₹-18 Cr	-8.4%	4.7%	-12%	-26
Ufo Moviez India LimitedUFOUFO	₹219 Cr	₹296 Cr	₹486 Cr	₹77 Cr	15.7%	₹24 Cr	5.2%	10.9%	8%	-140
Diksat Transworld LtdDIKSATDIKSAT	₹219 Cr	₹219 Cr	₹2 Cr	₹-1 Cr	-33.2%	₹-1 Cr	-65.8%	-3.8%	-4.9%	3,159
Tips Films LimitedTIPSFILMSTIPSFILMS	₹136 Cr	₹324 Cr	₹111 Cr	₹-52 Cr	-9.9%	₹-50 Cr	-10%	-37.8%	-42.1%	1
Mukta Arts LimitedMUKTAARTSMUKTAARTS	₹126 Cr	₹186 Cr	₹178 Cr	₹15 Cr	7.6%	₹-8 Cr	-6.8%	4.4%	—	-2,676
Baba Arts LtdBABABABA	₹79 Cr	₹79 Cr	₹6 Cr	₹1 Cr	-0.6%	₹1 Cr	4.4%	3.1%	2.4%	32

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Financials

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

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	0	0	5	4	24
	0	0	0	3	5	14
	-0	0	-0	2	-1	10
OPM %	-8.3%	45%	-30%	38.8%	-18.5%	42.7%
Depreciation	0	0	0	1	1	2
Interest	0	0	0	0	0	0
	0	0	0	2	2	0
Profit before tax	0	0	0	3	-1	9
Tax	0	0	0	1	1	3
Tax %	—	20%	0%	21.2%	196.4%	38.1%
	0	0	0	2	-2	6
PAT margin %	0%	85%	10%	48.3%	-37.8%	23.4%
EPS (₹)	0	0.2	0	2.5	-0.7	2.2
EPS adjusted (₹)	0	0.1	0	1.2	-0.3	1.1
	—	0%	0%	2%	—	1.1%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	9	9	9	9	24	25
Reserves	-3	-3	-3	22	18	29
	0	0	0	7	7	3
	0	0	0	2	4	22
Total equity & liabilities	7	7	7	40	53	80
	0	0	0	5	17	23
CWIP	0	0	0	2	3	10
Investments	1	1	1	7	1	1
	6	6	6	26	32	46
Total assets	7	7	7	40	53	80

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	-0	-0	1	-13	11
	0	-0	0	-19	-1	14
	0	-0	0	20	13	11
Net cash flow	0	-0	-0	1	-1	35
Free cash flow	—	—	—	-9	-20	11
CFO / Operating profit %	—	-111.1%	—	48.4%	—	102.8%

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—
EBITDA margin %	-8.3%	45%	-30%	38.8%	-18.5%	42.7%
EBIT margin %	-16.7%	40%	-30%	19.4%	-46.5%	35.8%
PAT margin %	0%	85%	10%	48.3%	-37.8%	23.4%
Working capital
Receivable days	213	201	256	0	665	365
Inventory days	0	0	0	0	0	0
Payable days	365	431	0	69	187	497
NWC days	-152	-231	256	-69	478	-133
Leverage
Current ratio	25.39	37.19	582	9.55	4.37	1.93
Debt to EBITDA	—	0	—	3.49	—	0.31
Debt to equity	0.01	0	0	0.21	0.15	0.06
Interest coverage	—	—	—	75.3	-10.4	—
Asset turnover	0.02	0.03	0.01	0.12	0.08	0.3
Return ratios
Return on assets %	0%	2.4%	0.1%	5.8%	-3.1%	7%
Return on capital employed %	0%	3.1%	0.3%	13.4%	-1.2%	16.9%
Return on equity %	0%	2.5%	0.1%	7.4%	-3.9%	10.4%

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 (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	3.91%	3.91%	3.91%	65.08%	66.49%	66.49%	66.49%	66.49%	66.49%	67.8%	67.8%	67.79%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	96.09%	96.09%	96.09%	34.92%	33.51%	33.51%	33.51%	33.51%	33.51%	32.2%	32.2%	32.21%
No. of shareholders	—	—	—	—	—	—	—	—	1,638	1,564	1,517	1,620

Promoter holding up 63.88 percentage points since Sep 2023.

2 deals · 5 Aug 2026 – 5 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
5 Aug 2026	JAGID VANITABEN RAJENDRAPRASAD	Bulk	BSE	Sell	1,31,761	₹308.34	₹4.06 Cr
5 Aug 2026	JAGID VANITABEN RAJENDRAPRASAD	Bulk	BSE	Buy	82,183	₹304.36	₹2.50 Cr

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. DHRUVIN SHAHExecutive Director-Chairperson
Mr. DIPANKAR BHUVNESHWAR MAHTONon-Executive - Independent Director
Mr. SAGAR SAMIR SHAHNon-Executive - Non Independent Director
Mr. Sarjeevan Singh RathoreNon-Executive - Independent Director
Ms. Sonal Deepalbhai GandhiNon-Executive - Independent Director
Mr. Raj ShahExecutive Director
Ms. Pushti RajaniCompany 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 JOJO Ltd. 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.

3

Final dividend22 Sept 2026 · ex-date₹0.03
Final dividend22 Sept 2025 · ex-date₹0.05
Dividend dividend17 Oct 2024 · ex-date₹0.05

1

Board meeting to consider results13 Aug 2026

1

Face value ₹10 → ₹57 Aug 2026 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

50 announcementsExport CSV

1 Oct 2026, 11:14 amCompany Update

Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - JOJO TV Goes Live On Samsung TV Plus As Part Of Its FAST Channel Offering

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—
EBITDA margin %	-8.3%	45%	-30%	38.8%	-18.5%	42.7%
EBIT margin %	-16.7%	40%	-30%	19.4%	-46.5%	35.8%
PAT margin %	0%	85%	10%	48.3%	-37.8%	23.4%
Working capital
Receivable days	213	201	256	0	665	365
Inventory days	0	0	0	0	0	0
Payable days	365	431	0	69	187	497
NWC days	-152	-231	256	-69	478	-133
Leverage
Current ratio	25.39	37.19	582	9.55	4.37	1.93
Debt to EBITDA	—	0	—	3.49	—	0.31
Debt to equity	0.01	0	0	0.21	0.15	0.06
Interest coverage	—	—	—	75.3	-10.4	—
Asset turnover	0.02	0.03	0.01	0.12	0.08	0.3
Return ratios
Return on assets %	0%	2.4%	0.1%	5.8%	-3.1%	7%
Return on capital employed %	0%	3.1%	0.3%	13.4%	-1.2%	16.9%
Return on equity %	0%	2.5%	0.1%	7.4%	-3.9%	10.4%

Date	Category	Subject	Filing
1 Oct 2026, 11:14 am	Company Update General	Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - JOJO TV Goes Live On Samsung TV Plus As Part Of Its FAST Channel Offering	PDF
30 Sept 2026, 6:11 pm	AGM/EGM AGM	Voting Results With Scrutinizer Report	PDF
29 Sept 2026, 4:53 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
18 Sept 2026, 12:04 pm	Company Update General	Intimation Under Reg 30	PDF
17 Sept 2026, 12:56 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
10 Sept 2026, 6:42 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
10 Sept 2026, 6:33 pm	AGM/EGM AGM	AGM Notice	PDF
3 Sept 2026, 8:01 pm	AGM/EGM AGM	Update On Date Of AGM	PDF

JOJO Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

3

1

1

Announcements

Not in the F&O segment

No fund holdings on record

3

1

1

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

JOJO Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends3

Board meetings1

Stock splits1

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Dividends3

Board meetings1

Stock splits1

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

3

1

1

3

1

1