---
title: "Jaro Institute of Technol. Mgt. and Research Ltd (JARO) — Share Price, Financials & Analysis"
symbol: "JARO"
company: "Jaro Institute of Technol. Mgt. and Research Ltd"
canonical: "https://tapetide.com/stocks/JARO"
isin: "INE00YJ01010"
nse_symbol: "JARO"
bse_code: "544534"
sector: "Consumer Services"
industry: "E-Learning"
market_cap_cr: 1008.85
generated_at: "2026-09-13T18:36:50.911Z"
---

# Jaro Institute of Technol. Mgt. and Research Ltd (JARO)

Canonical page: https://tapetide.com/stocks/JARO

## Company

- **NSE Symbol:** JARO
- **BSE Code:** 544534
- **ISIN:** INE00YJ01010
- **Sector:** Consumer Services
- **Industry:** E-Learning
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2025-09-30
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** jaroeducation.com

## About

Incorporated in 2009, Jaro Institute of Technology Management and Research Ltd is an online higher education and upskilling company.[1]

## Latest Price

- **Price:** ₹454.05
- **Change:** -2.2 (-0.48%)
- **Open:** ₹453.5
- **Day High:** ₹460
- **Day Low:** ₹446.25
- **Previous Close:** ₹456.25
- **Volume:** 93689
- **As Of:** 2026-09-11T10:21:55+00:00

## Key Fundamentals

Observed at 2026-09-11T04:50:24.327219Z.

- **Market Cap:** ₹1008.85 Cr
- **Classification:** Microcap
- **P/E (reported):** 18
- **P/E (TTM):** 17.81
- **EPS (TTM):** ₹25.49
- **Book Value:** ₹162.06
- **Price to Book:** 2.81
- **Dividend Yield:** 1.1%
- **ROE:** 32.37%
- **ROCE:** 40.9%
- **Debt to Equity:** 0.02
- **Revenue (yearly):** ₹202.6 Cr
- **Net Income:** ₹38 Cr
- **EBITDA:** ₹65.9 Cr
- **52-Week High:** ₹890
- **52-Week Low:** ₹383.5
- **RSI (14):** 49.84

## Tapetide Score

- **Score:** 59 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Falling
- **Percentile:** 84.7 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 90.69 | 9% |
| growth | 50 | 9% |
| momentum | 37.2 | 12% |
| ownership | 42.59 | 24% |
| quality | 70.03 | 22% |
| valuation | 69.11 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- 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.
- Promoter holding has increased by 4.15% over last quarter.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -689.24% | -293.94% | -14.05% |
| ebitda margin growth | -43.52% | 58.65% | 143.38% | -991.51% |
| net income growth | -47.42% | 233.33% | 56% | 72% |
| revenue growth | -11.25% | 62.6% | 31% | 45% |
| roce | -46.03% | 113.91% | -22.9% | 19.77% |
| roe | -47.63% | 136.8% | 31.25% | -232.07% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 61 | 74 | 43 | 74 | 61 | 80 | 60 | 73 | 71 |
| Expenses | 35 | 45 | 45 | 46 | 47 | 54 | 50 | 52 | 56 |
| Operating Profit | 26 | 30 | -1 | 28 | 14 | 27 | 10 | 21 | 15 |
| OPM % | 42 | 40 | -2.8 | 38 | 23 | 33 | 17 | 29 | 21 |
| Other Income | 0 | 1 | 0 | 1 | 0 | 0 | 2 | 9 | 2 |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 3 | 2 | 2 | 2 | 3 | 2 | 2 |
| Profit before tax | 24 | 27 | -5 | 25 | 10 | 23 | 9 | 27 | 15 |
| Tax % | 27 | 26 | -27 | 26 | 27 | 27 | 25 | 22 | 24 |
| Net Profit | 17 | 20 | -4 | 18 | 8 | 17 | 7 | 21 | 11 |
| EPS in Rs | 8.53 | 9.94 | -1.92 | 8.99 | 3.72 | 7.68 | 3.17 | 9.62 | 5.02 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 45 | 43 | 79 | 122 | 199 | 252 | 274 | 284 |
| Expenses | 42 | 38 | 69 | 98 | 136 | 170 | 201 | 211 |
| Operating Profit | 3 | 5 | 10 | 24 | 63 | 83 | 73 | 73 |
| OPM % | 7 | 12 | 13 | 20 | 32 | 33 | 26 | 26 |
| Other Income | 8 | 3 | 2 | 2 | 4 | 2 | 11 | 13 |
| Interest | 2 | 3 | 3 | 5 | 5 | 5 | 4 | 2 |
| Depreciation | 2 | 1 | 1 | 5 | 7 | 9 | 10 | 10 |
| Profit before tax | 8 | 4 | 9 | 16 | 55 | 70 | 70 | 75 |
| Tax % | 28 | 31 | 26 | 27 | 26 | 26 | 25 | — |
| Net Profit | 5 | 3 | 6 | 12 | 41 | 52 | 53 | 57 |
| EPS in Rs | 3.63 | 1.93 | 4.25 | 7.66 | 26.95 | 25.53 | 23.86 | 25.49 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 4 | 12 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |
| Borrowings | 26 | 23 | 20 | 34 | 25 | 64 | 8 |
| Other Liabilities | 9 | 12 | 18 | 54 | 59 | 41 | 61 |
| Total Liabilities | 81 | 84 | 93 | 163 | 202 | 277 | 429 |
| Fixed Assets | 2 | 2 | 1 | 20 | 17 | 16 | 9 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 22 | 22 | 16 | 16 | 0 | 0 | 70 |
| Other Assets | 57 | 61 | 76 | 127 | 184 | 261 | 349 |
| Total Assets | 81 | 84 | 93 | 163 | 202 | 277 | 429 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | 2 | 2 | 3 | -17 | -23 | 57 |
| Cash from Investing Activity | — | -1 | 8 | -8 | 47 | -4 | -112 |
| Cash from Financing Activity | — | -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 | 83 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 114 | 113 | 35 | 21 | 21 | 52 | 18 |
| 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 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 85.03% | 57.33% | 57.33% | 57.33% | 57.28% | 61.43% |
| FIIs | 0% | 2.89% | 2.89% | 1.95% | 0.79% | 0.75% |
| DIIs | 0% | 11.67% | 10.89% | 7.49% | 4.87% | 2.7% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 21.24% | 21.24% | 22.78% | 26.97% | 24.94% |
| Others | 14.97% | 6.87% | 7.65% | 10.45% | 10.09% | 10.18% |
| No. of Shareholders | 477 | 114361 | 549 | 75090 | 69097 | 66788 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 5 / 7 / 7

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 450.1 | Buy |
| EMA (10) | 450.43 | Buy |
| SMA (20) | 451.31 | Buy |
| EMA (20) | 453.25 | Buy |
| SMA (50) | 468.98 | Sell |
| EMA (50) | 466.5 | Sell |
| SMA (100) | 486.91 | Sell |
| EMA (100) | 480.65 | Sell |
| SMA (200) | 485.83 | Sell |
| EMA (200) | 503.27 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 48.63 | Neutral |
| MACD (12,26,9) | -5.04 | Buy |
| Stochastic (14,3,3) | 34.17 | Neutral |
| ADX (14) | 12.82 | Neutral |
| Williams %R (14) | -52.96 | Neutral |
| ATR (14) | 15.55 | High Volatility |
| ROC (12) | -1.53 | Sell |
| Stoch RSI (14) | 69.46 | Neutral |
| UO (7,14,28) | 43.17 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 May - Board approved FY26 audited results on May 7, 2026 and recommended Rs.3 final dividend. | [Corporate Action-Board approves Dividend 7 May - Board approved FY26 audited results on May 7, 2026 and recommended Rs.3 final dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/74018e7d-923f-4faa-b3a0-0e8800462e62.pdf) |
| 7 May - Board approved FY26 audited results and recommended Rs.3 final dividend per share. | [Board Meeting Outcome for Board Meeting Outcome For Financial Results For The Year Ended March 31, 2026, And Recommendation Of A Final Dividend 7 May - Board approved FY26 audited results and recommended Rs.3 final dividend per share.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/2603d60b-4e6e-4482-aad9-945dd2b38f0b.pdf) |
| 7 May - Board approved FY26 audited results and recommended Rs.3 final dividend per share on May 7, 2026. | [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.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/22024521-28e5-471e-b0b2-ecc1c57ba06b.pdf) |
| 7 May - Board approved FY26 audited results and recommended Rs. 3 final dividend per share. | [Financial Results For The Year Ended March 31, 2026 And Recommendation Of A Final Dividend. 7 May - Board approved FY26 audited results and recommended Rs. 3 final dividend per share.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a7c4076f-9999-4adb-be9d-851670813da2.pdf) |
| 6 Feb - Cancellation of Manthan-Systematix investor meeting scheduled Feb 10, 2026, 10:00–12:45 at Taj Santacruz, Mumbai. | [Intimation Of Cancellation Of Analyst/ Institutional Investor Meeting Under SEBI (LODR) Regulations, 2015 6 Feb - Cancellation of Manthan-Systematix investor meeting scheduled Feb 10, 2026, 10:00–12:45 at Taj Santacruz, Mumbai.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cee96d6b-2095-42bb-8060-005f302bdbae.pdf) |
| 4 May - Board meeting on May 7, 2026 to review FY2026 results and consider dividend for FY2025-26. | [Update on board meeting 4 May - Board meeting on May 7, 2026 to review FY2026 results and consider dividend for FY2025-26.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ff64d396-2583-4acc-bee4-0fd88d85dbb9.pdf) |
| 4 Feb - Read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015, we hereby inform you about the schedule of analyst/institutional … | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 4 Feb - Read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015, we hereby inform you about the schedule of analyst/institutional …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1cce4088-d171-425b-98ee-c678ede5c404.pdf) |
| 2d - Copy of the Newspaper publication pertaining to Audited Financial Results for the quarter and year ended March 31, 2026. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 2d - Copy of the Newspaper publication pertaining to Audited Financial Results for the quarter and year ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5f36df6e-f384-4856-9254-202ebe327350.pdf) |
| 25 Mar - Approved and allotment of 2,352 fully paid-up equity shares of Rs. 10/- each upon exercise of options granted under Jaro Education Employee Stock Options Plan … | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 25 Mar - Approved and allotment of 2,352 fully paid-up equity shares of Rs. 10/- each upon exercise of options granted under Jaro Education Employee Stock Options Plan …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/413cc7c6-82a5-4fdd-b886-7c92bed69a79.pdf) |
| 24 Feb - Postal ballot (Jan25–Feb23,2026): Jaro approves ESOP-2026, secondary share acquisition, loan to ESOP trust, and reappoints Ishan Baveja. | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 24 Feb - Postal ballot (Jan25–Feb23,2026): Jaro approves ESOP-2026, secondary share acquisition, loan to ESOP trust, and reappoints Ishan Baveja.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/45fb78e6-754b-4dc2-b04b-ebd9136bb049.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-28 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7348F30B_1C0D_4338_B55C_9F2C0A504ECA_111622.pdf) |
| 2026-08-24 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=76EEE9DF_8471_4954_B6BB_43777ABE26E5_101845.pdf) |
| 2026-08-21 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3CEA3CEF_5242_43E4_81DD_ACD94F344426_125341.pdf) |
| 2026-08-21 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=E455505C_7A95_45B8_A4BE_660260CC5B26_162908.pdf) |
| 2026-08-19 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=28400BF6_1DE5_416F_8592_C474ECED9E0B_105310.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a4b036cf-f2be-43eb-9687-f125013cc64d.pdf) |
| 2026-08-10 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=16cb196b-36c5-4738-a0b4-d90bfe8a0c64.pdf) |
| 2026-08-08 | [Board Meeting Outcome for Unaudited Financial Results For The Quarter Ended June 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=822e2191-1067-41e3-92ec-32f0d77d928d.pdf) |
| 2026-08-05 | [Board Meeting Intimation for Consider And Approve The Unaudited Financial Results Of The Company For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=028e486c-1034-4309-96f7-da7cf1a90238.pdf) |
| 2026-07-30 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8c838d2b-9621-4110-9a34-5d484df26073.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-08-11 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dacbfe3f-004b-4da8-b2cc-b463a5564d11.pdf) |
| 2026-05-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fa9655d2-08b8-46dd-929a-d5f97ee708eb.pdf) |
| 2026-01-30 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=04a8aa25-721d-4b29-84c1-257e4cfc8680.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-08 | [Unaudited Financial Results For The Quarter Ended June 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=02383b90-3f28-4e8c-b67b-85e68421e20f.pdf) |
| 2026-05-07 | [Financial Results For The Year Ended March 31 2026 And Recommendation Of A Final Dividend.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a7c4076f-9999-4adb-be9d-851670813da2.pdf) |
| 2026-01-29 | [Financial Results For The Quarter And Nine Months Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8fd7fe53-15fc-4e69-86cc-211bee2ee391.pdf) |
| 2025-10-18 | [Financial Results For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a3f23c6c-39d4-4ad2-9fca-99821185ba74.pdf) |
| 2025-10-18 | [Financial Results For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=37fe2172-b6f2-44ca-8612-147fbf2770e5.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fa9655d2-08b8-46dd-929a-d5f97ee708eb.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/fa9655d2-08b8-46dd-929a-d5f97ee708eb.pdf) |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/579816b5-a626-44c6-8810-e8b67cc2ecc2.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-02-02 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=579816b5-a626-44c6-8810-e8b67cc2ecc2.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-01-30 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ebb1b118-5b1c-47b1-8f62-30104da4f5ab.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5159fc0b-5864-4c33-aa2c-2ea4d1ee1528.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:36:50.911Z.