Jaro Institute of Technology Management and Research Ltd.

•

jaro.inBSE: 544534NSE: JARO

Market Cap₹ 977 Cr.

Current Price

High / Low₹ 890 / 384

Stock P/E17.3

Book Value₹ 164

Price to Book2.39

Dividend Yield1.14 %

ROCE25.3 %

ROE20.4 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Consumer Services

Buy

Consumer services have a mixed operating backdrop but strong market sponsorship. Foreign tourist arrivals in India rose 6.0% YoY (2026-06), export of services grew 13.0% YoY (2026-06), and headline tourist arrivals were 584000 (Jun/26), though airport passenger traffic was -2.0% YoY (2026-06). Strong FPI inflow of INR 19847 crore over 3 months to 2026-08-31 supports a Buy stance despite some travel softness.

Confidence

73%

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PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 38.0%
Company has a good return on equity (ROE) track record: 3 Years ROE 34.0%
Latest quarter profit grew 48.3% YoY, showing strong momentum
Operating margins have improved to 26.5% from 21.6%

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.12x)
Operating cash flow has been negative in recent years
Working capital days have increased from 234 to 487 days
Equity base is being diluted - shares outstanding up 44.8%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer ServicesEducation & TrainingEducational Institutions

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	PWL	125.40	1784.50	36377.12	0.00	-882.80	-595.06	10539.50	1144.20	2.18	-5.41
2.	SEIL	194.45	538.65	3130.64	0.00	2.82	-2.76	16.30	7.51	10.42	26.28
3.	CRIZAC	176.00	13.97	3079.69	4.55	46.17	0.77	201.21	-3.97	52.73	30.40
4.	VERANDA	234.65	15.70	2264.53	0.00	33.87	467.88	149.54	7.37	22.75	35.96
5.	JARO	438.60	25.71	976.78	1.14	11.17	48.33	70.75	16.60	25.32	21.43
6.	GLOBAL	125.94	24.59	641.05	0.79	3.75	-11.05	14.21	-4.15	29.17	41.68
7.	CPEDU	190.05	14.49	345.76	1.32	8.08	12.54	14.35	-1.17	46.88	64.15
8.	CLEDUCATE	58.80	0.00	319.24	0.00	-1.67	55.01	127.51	-12.47	2.03	13.62
9.	CPCAP	134.50	5.42	244.70	0.00	13.31	23.50	21.95	47.39	9.83	93.11
10.	TREEHOUSE	6.31	0.00	26.70	0.00	-2.13	-233.00	1.15	-20.14	-6.84	-212.70

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61	74	43	74	61	80	60	73	71
	35	45	45	46	47	54	50	52	58
Operating Profit	26	30	-1	28	14	27	10	21	13
OPM %	42.27%	39.80%	-2.82%	37.59%	23.01%	33.01%	17.50%	28.99%	18.25%
	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 %	26.58%	26.11%	26.74%	26.42%	26.51%	26.57%	24.63%	22.37%	24.49%
Net Profit	17	20	-4	18	8	17	7	21	11
	8.54	9.94	-1.92	9.45	3.70	8.33	3.17	9.84	5.11

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	122	199	252	274	284
	98	137	171	201	213
Operating Profit	24	62	81	72	71
OPM %	19.63%	31.00%	32.08%	26.47%	25.02%
	2	5	4	11	13
Interest	5	5	5	4	2
Depreciation	5	7	9	10	10
Profit before Tax	16	55	70	70	75
Tax %	26.79%	25.65%	26.34%	24.68%	24.38%
Net Profit	12	41	52	53	57
EPS	5.69	26.94	25.53	24.30	—
Dividend Payout %	0.00%	0.00%	0.00%	20.58%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 31%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 66%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 34%
Last Year:: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	15	15	20	22
	56	97	145	331
	42	35	56	2
Trade Payables	19	21	13	21
	34	52	49	67
Total Liabilities	166	220	284	442
	20	17	16	9
	16	0	0	70
	0	12	36	14
Cash & Bank	13	19	5	74
	117	172	226	275
Total Assets	166	220	284	442

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	10	-17	-23	57
Cash from Investing	-8	47	-4	-112
Cash from Financing	-5	-18	14	73
	-10	12	-13	19

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	57.33	57.33	57.28	61.43
	2.89	1.94	0.78	0.75
	10.55	7.49	4.87	2.71
Government	0.00	0.00	0.00	0.00
	29.23	33.23	37.07	35.11

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-14

Monitoring Agency Report

2026-08-14 - Report of the Monitoring Agency for the quarter ended June 30, 2026.

2026-08-11

General Updates

2026-08-11 - Jaro Institute of Technology Management and Research Limited has informed the Exchange about Investor Presentation on Unaudited Financial Result for quarter ended June 30, 2026.

2026-08-10

Copy of Newspaper Publication

2026-08-10 - Jaro Institute of Technology Management and Research Limited has informed the Exchange about Copy of Newspaper Publication of the extract of Unaudited Financial Results of the quarter ended June 30, 2026.

2026-08-08

Outcome of Board Meeting

2026-08-08 - Jaro Institute of Technology Management and Research Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-30

Shareholders meeting

2026-07-30 - Jaro Institute of Technology Management and Research Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 28, 2026. Further, the company has informed the Exchange regarding voting results.

2026-07-28

Shareholders meeting

2026-07-28 - Jaro Institute of Technology Management and Research Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 28, 2026

2026-07-14

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-14 - Jaro Institute of Technology Management and Research Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-08

Updates

2026-07-08 - Jaro Institute of Technology Management and Research Limited has informed the Exchange regarding 'the letter enclosed herewith sent to shareholders under regulation 36(1)(b) of SEBI LODR'.

2026-07-08

Copy of Newspaper Publication

2026-07-08 - Jaro Institute of Technology Management and Research Limited has informed the Exchange about Copy of Newspaper Publication enclosed herewith for 17th AnnualGeneral Meeting published today, i.e. Wednesday, July 08, 2026, in the Newspaper viz. The Free Press Journal (English Edition) and Navshakti (Marathi Edition) for your information and record.

News

Recent coverage and analyst commentary for JARO

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Jaro Institute of Technology Management and Research Ltd.

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Name

PWL

125.40

1784.50

36377.12

0.00

-882.80

-595.06

10539.50

1144.20

2.18

-5.41

SEIL

194.45

538.65

3130.64

0.00

2.82

-2.76

16.30

7.51

10.42

26.28

CRIZAC

176.00

13.97

3079.69

4.55

46.17

0.77

201.21

-3.97

52.73

30.40

VERANDA

234.65

15.70

2264.53

0.00

33.87

467.88

149.54

7.37

22.75

35.96

JARO

438.60

25.71

976.78

1.14

11.17

48.33

70.75

16.60

25.32

21.43

GLOBAL

125.94

24.59

641.05

0.79

3.75

-11.05

14.21

-4.15

29.17

41.68

CPEDU

190.05

14.49

345.76

1.32

8.08

12.54

14.35

-1.17

46.88

64.15

CLEDUCATE

58.80

0.00

319.24

0.00

-1.67

55.01

127.51

-12.47

2.03

13.62

CPCAP

134.50

5.42

244.70

0.00

13.31

23.50

21.95

47.39

9.83

93.11

TREEHOUSE

6.31

0.00

26.70

0.00

-2.13

-233.00

1.15

-20.14

-6.84

-212.70

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

-1

OPM %

42.27%

39.80%

-2.82%

37.59%

23.01%

33.01%

17.50%

28.99%

18.25%

Interest

Depreciation

Profit before Tax

-5

Tax %

26.58%

26.11%

26.74%

26.42%

26.51%

26.57%

24.63%

22.37%

24.49%

Net Profit

-4

8.54

9.94

-1.92

9.45

3.70

8.33

3.17

9.84

5.11

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

122

199

252

274

284

137

171

201

213

Operating Profit

OPM %

19.63%

31.00%

32.08%

26.47%

25.02%

Interest

Depreciation

Profit before Tax

Tax %

26.79%

25.65%

26.34%

24.68%

24.38%

Net Profit

EPS

5.69

26.94

25.53

24.30

—

Dividend Payout %

0.00%

20.58%

—

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

145

331

Trade Payables

Total Liabilities

166

220

284

442

Cash & Bank

117

172

226

275

Total Assets

166

220

284

442

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-17

-23

Cash from Investing

-8

-4

-112

Cash from Financing

-5

-18

-10

-13

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Sep 2025

Dec 2025

Mar 2026

Jun 2026

57.33

57.28

61.43

2.89

1.94

0.78

0.75

10.55

7.49

4.87

2.71

Government

0.00

29.23

33.23

37.07

35.11

Jaro Institute of Technology Management and Research Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Jaro Institute of Technology Management and Research Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI