---
title: "Jay Jalaram Technologies Ltd (KORE) — Share Price, Financials & Analysis"
symbol: "KORE"
company: "Jay Jalaram Technologies Ltd"
canonical: "https://tapetide.com/stocks/KORE"
isin: "INE0J6801010"
nse_symbol: "KORE"
sector: "Retail"
industry: "Diversified Retail"
market_cap_cr: 209.76
generated_at: "2026-09-13T18:54:59.793Z"
---

# Jay Jalaram Technologies Ltd (KORE)

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

## Company

- **NSE Symbol:** KORE
- **ISIN:** INE0J6801010
- **Sector:** Retail
- **Industry:** Diversified Retail
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2022-09-08
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** koremobiles.com

## About

Incorporated in 2012, Jay Jalaram Technologies Ltd is in the business of multi-brand retail selling of Smart Phones and allied accessories and consumer durable electronics goods.[1]

## Latest Price

- **Price:** ₹173.2
- **Change:** +8.15 (+4.94%)
- **Open:** ₹173.3
- **Day High:** ₹173.3
- **Day Low:** ₹160
- **Previous Close:** ₹165.05
- **Volume:** 41000
- **As Of:** 2026-09-11T10:01:42+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:32.923664Z.

- **Market Cap:** ₹209.76 Cr
- **Classification:** SME
- **P/E (reported):** 19.5
- **Book Value:** ₹69.04
- **Price to Book:** 2.39
- **Dividend Yield:** 0%
- **ROE:** 9.48%
- **ROCE:** 12.19%
- **Debt to Equity:** 0.49
- **Revenue (yearly):** ₹851.82 Cr
- **Net Income:** ₹10.28 Cr
- **EBITDA:** ₹15.36 Cr
- **52-Week High:** ₹181.75
- **52-Week Low:** ₹102.9
- **RSI (14):** 62.89

## Tapetide Score

- **Score:** 54 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Flat
- **Percentile:** 65.6 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 40.67 | 9% |
| growth | 77.29 | 9% |
| momentum | 57.88 | 12% |
| ownership | 50 | 24% |
| quality | 65.2 | 22% |
| valuation | 51.48 | 24% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Company has delivered good profit growth of 97.8% CAGR over last 5 years

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 13.7% over last 3 years.
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -3.85%

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -29.24% | -894.74% | -208.07% |
| ebitda margin growth | -13.04% | -6.74% | — |
| net income growth | 63.17% | 44% | 98% |
| revenue growth | 27.42% | 51% | 48% |
| roce | -7.58% | -7.58% | — |
| roe | -35.9% | 12.14% | — |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 75 | 91 | 116 | 133 | 216 | 323 | 329 | 339 | 357 | 495 |
| Expenses | 73 | 89 | 114 | 130 | 214 | 315 | 322 | 332 | 350 | 486 |
| Operating Profit | 2 | 2 | 2 | 3 | 3 | 7 | 6 | 7 | 6 | 9 |
| OPM % | 2.1 | 1.7 | 1.9 | 2.3 | 1.2 | 2.3 | 1.9 | 2 | 1.8 | 1.8 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 |
| Interest | 1 | 1 | 1 | 0 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 0 | 1 | 2 | 1 | 6 | 4 | 5 | 5 | 7 |
| Tax % | 25 | 27 | 38 | 27 | 7 | 25 | 25 | 26 | 26 | 25 |
| Net Profit | 0 | 0 | 1 | 2 | 1 | 4 | 3 | 3 | 4 | 5 |
| EPS in Rs | 23.81 | 1.29 | 0.71 | 1.54 | 0.58 | 3.78 | 3.01 | 2.87 | 3.08 | 4.21 |

### Profit & Loss

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

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 95 | 95 | 121 | 165 | 249 | 538 | 666 | 852 |
| Expenses | 94 | 94 | 120 | 162 | 243 | 526 | 650 | 836 |
| Operating Profit | 1 | 1 | 2 | 3 | 6 | 13 | 16 | 16 |
| OPM % | 1 | 1.3 | 1.3 | 1.9 | 2.5 | 2.3 | 2.4 | 1.8 |
| Other Income | 1 | 0 | 1 | 0 | 0 | 1 | 1 | 1 |
| Interest | 1 | 1 | 1 | 1 | 2 | 6 | 6 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 0 | 0 | 0 | 1 | 4 | 6 | 9 | 12 |
| Tax % | 100 | 50 | 30 | 25 | 31 | 23 | 25 | 25 |
| Net Profit | 0 | 0 | 0 | 1 | 3 | 5 | 7 | 9 |
| EPS in Rs | -2.86 | 1.43 | 13.81 | 3.14 | 2.26 | 4.37 | 5.69 | 7.23 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.21 | 0.21 | 0.21 | 3 | 11 | 11 | 12 | 12 |
| Reserves | 0 | 0 | 0 | 8 | 12 | 17 | 56 | 72 |
| Borrowings | 3 | 10 | 9 | 11 | 20 | 46 | 56 | 41 |
| Other Liabilities | 13 | 15 | 19 | 28 | 38 | 72 | 60 | 78 |
| Total Liabilities | 17 | 25 | 28 | 50 | 81 | 147 | 184 | 203 |
| Fixed Assets | 2 | 3 | 8 | 7 | 7 | 8 | 9 | 19 |
| CWIP | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 15 | 17 | 21 | 43 | 74 | 138 | 175 | 183 |
| Total Assets | 17 | 25 | 28 | 50 | 81 | 147 | 184 | 203 |

### Cash Flow

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

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1 | -4 | 1 | -6 | -12 | -25 | -33 | 0 |
| Cash from Investing Activity | 0 | -8 | 0 | 0 | -1 | 4 | -5 | 0 |
| Cash from Financing Activity | 1 | 12 | 0 | 10 | 18 | 23 | 38 | 0 |
| Net Cash Flow | 0 | 0 | 0 | 4 | 6 | 2 | 0 | 0 |
| Free Cash Flow | -1 | -11 | 1 | -7 | -13 | -28 | -35 | 0 |
| CFO/OP | -57 | -363 | 59 | -203 | -173 | -188 | -193 | 0 |

### Ratios

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 15 | 5 | 1 | 6 | 4 | 6 | 4 | 6 |
| Inventory Days | 30 | 41 | 46 | 45 | 64 | 68 | 53 | 51 |
| Days Payable | 36 | 17 | 19 | 43 | 29 | 21 | 13 | 15 |
| Cash Conversion Cycle | 9 | 29 | 27 | 8 | 40 | 53 | 44 | 42 |
| Working Capital Days | 2 | 26 | 27 | 36 | 44 | 36 | 43 | 40 |
| ROCE % | — | 8 | 16 | 16 | 19 | 21 | 16 | 12 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 100% | 73.05% | 73.05% | 73.05% | 73.05% | 68.46% | 68.55% | 68.55% | 69.2% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 1.24% | 0% | 0.6% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 23.26% | 19.78% | 20.64% | 21.43% | 25.23% | 25% | 26.08% | 25.6% |
| Others | 0% | 3.69% | 7.18% | 6.32% | 5.53% | 6.31% | 5.21% | 5.37% | 4.61% |
| No. of Shareholders | 7 | 637 | 546 | 668 | 778 | 990 | 1140 | 1271 | 1206 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 2 / 4

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 136.23 | Buy |
| EMA (10) | 145.58 | Buy |
| SMA (20) | 133.8 | Buy |
| EMA (20) | 142.29 | Buy |
| SMA (50) | 150.69 | Buy |
| EMA (50) | 144.4 | Buy |
| SMA (100) | 142.25 | Buy |
| EMA (100) | 142.4 | Buy |
| SMA (200) | 139.42 | Buy |
| EMA (200) | 144.81 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 65.86 | Neutral |
| MACD (12,26,9) | 0.69 | Buy |
| Stochastic (14,3,3) | 99.96 | Sell |
| ADX (14) | 32.4 | Buy |
| Williams %R (14) | -0.13 | Sell |
| ATR (14) | 14.55 | High Volatility |
| ROC (12) | 60.82 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 72.54 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Jul - Jay Jalaram Technologies Limited has informed about Resignation of Director/KMP/SMP | [Resignation of Director/KMP/SMP 9 Jul - Jay Jalaram Technologies Limited has informed about Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/KORE_ROID_91464_KMP_Doc.zip) |
| 9 Jul - Company Secretary and Compliance Officer Mukesh Prajapat resigned, effective close of business hours August 08, 2026. | [Resignation 9 Jul - Company Secretary and Compliance Officer Mukesh Prajapat resigned, effective close of business hours August 08, 2026.](https://nsearchives.nseindia.com/corporate/KORE_09072026165137_ResignationCompanySecretary09072026__1_.pdf) |
| 8 Sep - Newspaper ads published for 15th AGM on 30 September 2026. | [Copy of Newspaper Publication 8 Sep - Newspaper ads published for 15th AGM on 30 September 2026.](https://nsearchives.nseindia.com/corporate/KORE_08092026151503_Submission_of_Newspaper_Advt_15th_AGM.pdf) |
| 8 Sep - Kamlesh Varjivandas Thakkar has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in … | [Disclosure under SEBI Takeover Regulations 8 Sep - Kamlesh Varjivandas Thakkar has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in …](https://nsearchives.nseindia.com/corporate/team_bbodade_08092026154250_KORE.pdf) |
| 8 Sep - Jay Jalaram Technologies Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made … | [Disclosure under SEBI Takeover Regulations 8 Sep - Jay Jalaram Technologies Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made …](https://nsearchives.nseindia.com/corporate/team_bbodade_08092026162550_KORE10.pdf) |
| 8 Sep - Jay Jalaram Technologies Limited has informed regarding Disclosure received from Mr. Kamlesh Varjivandas Thakkar under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and … | [Updates 8 Sep - Jay Jalaram Technologies Limited has informed regarding Disclosure received from Mr. Kamlesh Varjivandas Thakkar under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and …](https://nsearchives.nseindia.com/corporate/KORE_08092026161423_Disclosure_Regulation_10_6__of_SAST_Kamlesh_Thakkar.pdf) |
| 8 May 2026 - Statutory auditor VCAN & Co converted to LLP; name changed to VCAN & COLLP from 24 March 2026. | [General Updates 8 May 2026 - Statutory auditor VCAN & Co converted to LLP; name changed to VCAN & COLLP from 24 March 2026.](https://nsearchives.nseindia.com/corporate/KORE_08052026170614_Name_Change_Statutory_Auditor_080526.pdf) |
| 8 May 2026 - Shareholders passed five special resolutions, including four independent director appointments and NSE main board migration. | [Shareholders meeting 8 May 2026 - Shareholders passed five special resolutions, including four independent director appointments and NSE main board migration.](https://nsearchives.nseindia.com/corporate/KORE_08052026155338_VotingResultsANDScrutinizersReport080526.pdf) |
| 7 Sep - Annual Report FY2025-26 and 15th AGM scheduled for 30 September 2026 with e-voting dates. | [General Updates 7 Sep - Annual Report FY2025-26 and 15th AGM scheduled for 30 September 2026 with e-voting dates.](https://nsearchives.nseindia.com/corporate/KORE_07092026160231_Web_Link-AR_Non_Email_Case.pdf) |
| 7 Sep - 15th AGM on 30 Sep 2026; annual report issued, with CMD remuneration revision and director appointments proposed. | [Shareholders meeting 7 Sep - 15th AGM on 30 Sep 2026; annual report issued, with CMD remuneration revision and director appointments proposed.](https://nsearchives.nseindia.com/corporate/KORE_07092026113832_AGM_Notice_and_Annual_Report_FY_2025-26.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31661_KORE_2025_2026_A_4710745_07092026115549.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28529_KORE_2024_2025_A_4396397_05092025121111.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26273_KORE_2023_2024_01102024194310.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23265_KORE_2022_2023_02092023143337_09022023150006.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2023 | [Concall - Nov 2023](https://nsearchives.nseindia.com/corporate/KORE_10112023192634_InvestorPresentationHalfYearEnded30092023.pdf) |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/KORE_31052025114155_Letter_Investor_Presentation_31052025.pdf) |
| May 2024 | [Concall - May 2024](https://nsearchives.nseindia.com/corporate/KORE_31052024131327_InvestorPresentation31032024.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 2026-09-13T18:54:59.793Z.