JARO

Jaro Institute of Technology Management and Research Limited

Education program services provider through fee-sharing model with academic institutions

Consumer Discretionary›Consumer Services›Other Consumer Services›E-Learning

jaro.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹408.50
Market cap
893 Cr
Stock P/E
15.8
P/B
2.47
Dividend yield
0.5%
ROE (FY24)
32.3%
ROCE (FY24)
39.9%
Operating margin (FY24)
28.0%
Debt / equity (FY24)
0.21
OCF / EBITDA (FY26)
79.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Jaro Education partners with Indian universities, IITs and IIMs to run online and hybrid degree and certification programmes for working learners, and earns a share of the programme fees.

Company snapshot

2ndBy market cap

Ranked among 5 companies in E-Learning.

What we see

Positives
  • ✓Revenue grew 63% in the latest year — strong top-line momentum.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
4 more signals from the filings.Sign in free to see them all

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricJun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales61 Cr80 Cr60 Cr73 Cr71 Cr
Operating expenses (approx.)47 Cr54 Cr50 Cr52 Cr56 Cr
EBITDA14 Cr27 Cr10 Cr21 Cr15 Cr
OPM %23.0%33.0%17.5%29.0%21.4%
Other income0.14 Cr0.13 Cr2 Cr9 Cr2 Cr
Interest1 Cr1 Cr0.43 Cr0.22 Cr0.16 Cr
Depreciation2 Cr2 Cr3 Cr2 Cr2 Cr
Profit before tax10 Cr23 Cr9 Cr27 Cr15 Cr
Tax %26.6%26.6%24.7%22.4%24.5%
Net profit8 Cr17 Cr7 Cr21 Cr11 Cr
EPS (₹)₹3.70₹8.33₹3.17₹9.84₹5.11

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2025Mar 2026TTM
Sales252 Cr274 CrSign in free for the trailing twelve months
Operating expenses (approx.)170 Cr202 CrSign in free for the trailing twelve months
EBITDA82 Cr72 CrSign in free for the trailing twelve months
OPM %32.4%26.3%Sign in free for the trailing twelve months
Other income2 Cr11 CrSign in free for the trailing twelve months
Interest4 Cr3 CrSign in free for the trailing twelve months
Depreciation9 Cr10 CrSign in free for the trailing twelve months
Profit before tax70 Cr70 CrSign in free for the trailing twelve months
Tax %26.3%24.7%Sign in free for the trailing twelve months
Net profit52 Cr53 CrSign in free for the trailing twelve months
EPS (₹)₹25.53₹24.97Sign in free for the trailing twelve months
Dividend payout %—8.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2025Mar 2026
Equity capital20 Cr22 Cr
Reserves151 Cr339 Cr
Borrowings51 Cr0.38 Cr
Other liabilities54 Cr68 Cr
Total liabilities277 Cr429 Cr
Fixed assets (net)4 Cr2 Cr
CWIP——
Investments—70 Cr
Loans & advances—0.06 Cr
Trade receivables36 Cr14 Cr
Cash & bank5 Cr24 Cr
Other assets232 Cr318 Cr
Total assets277 Cr429 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2025Mar 2026
Cash from operating activity-23 Cr57 Cr
Cash from investing-4 Cr-112 Cr
Cash from financing14 Cr73 Cr
Net cash flow-13 Cr19 Cr
Free cash flow (OCF − Capex)-28 Cr57 Cr

Ratios

MetricMar 2023Mar 2024
ROCE %16.7%39.9%
ROE %13.9%32.3%
Debtor days2321
Inventory days——
Days payable5838
Cash conversion cycle-35-16
OCF / EBITDA %12.4%-27.2%
Debt / equity0.490.21
Current ratio1.622.59
Net debt / EBITDA1.310.10