KORE

Jay Jalaram Technologies Limited

Listed company · ISIN INE0J6801010 · NSE ST · FV ₹10
Last price
₹184
+0.19%today
What this company does

Jay Jalaram Technologies Limited is a listed company. It booked ₹495 cr of revenue in its latest half year (H2 FY26) and kept 1.0% of sales as profit.

56out of 100
Equitytale Health Score
Mixed

Healthier than 56% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 2,334–2,885 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
64

At close. Not part of the score.

Profitability & returns44

How much profit it earns on the money it employs

Balance sheet43

How much it owes, and whether earnings cover the interest

Cash quality76

Whether reported profit actually arrives as cash

Valuation45

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
A mixed picture
Strengths
✓ Makes a profit
✓ Promoters hold 69%
✓ No promoter shares pledged
Watch-outs
! Thin 1.0% net margin

What if I invest in KORE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest half year + price
₹184▲ +0.19%
latest close · 2026-10-01
52-wk low ₹9752 sessions so far52-wk high ₹199
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio21.7Average
LowAverageHigh
P/B ratio3.11High
Below bookModerateHigh
EV / EBITDA15.4High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity14.3%Fair
WeakFairStrong ▸15%
Return on capital13.6%Fair
WeakFairStrong
Net margin1.0%Thin
ThinDecentStrong
EBITDA margin1.7%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.57Moderate
LowModerateHigh ▸1
Interest cover5.2×Strong
RiskyOkayStrong ▸5×
Current ratio2.31Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹223 cr
Book value
₹59
EPS
₹4.23
latest half year
Net debt
₹37 cr
owes more than its cash
Enterprise value
₹260 cr
EBITDA
₹17 cr
annualised
EBIT
₹17 cr
annualised
Operating margin
1.7%
Return on assets
5.0%
Earnings yield
4.60%
P/S
0.23
Sales / share
₹816.2
Tax rate
25.3%
Face value
₹10
Shares
1.2 cr
Working capital
₹102 cr
Current assets
₹180 cr
Current liabilities
₹78 cr
Delivery %
96.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest half year; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-10-01.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹46–₹61, midpoint ₹54

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · H2 FY26 (consolidated)
Revenue from Operations₹495 cr
Other Income₹59.1 L
Total Income₹495 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹458 cr
Inventory Change (±)₹-47.8 L
Employee Benefit Expense₹4 cr
Finance Costs₹2 cr
Other Expenses₹25 cr
Total Expenses₹489 cr
Profit before Tax₹7 cr
Tax Expense₹2 cr
Net Profit₹5 cr
Net margin on total income1.0%
Where the money goes · H2 FY26
% of total income
Materials + stock-in-trade₹457 cr92.3%
Employee benefit expense₹4 cr0.7%
Finance costs₹2 cr0.3%
Other expenses₹26 cr5.3%
Tax expense₹2 cr0.3%
Profit for the period₹5 cr1.0%
Total income ₹495 cradds up to ₹100 ✓
Half-yearly results · consolidated (₹ cr)
MetricH1 FY26H2 FY26
Revenue357 cr495 cr
Total income359 cr495 cr
Expenses353 cr489 cr
Profit before tax6 cr7 cr
Tax1 cr2 cr
Net profit (owners' share)5 cr5 cr
Net margin (owners' share, on revenue)1.4%1.0%
EPS (₹)4.364.23
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹203 cr
Shareholder equity
₹72 cr
parent shareholders
Total debt
₹41 cr
Cash
₹4 cr
Who owns it · 2026-03-31
No pledge
Promoter
69.2%
FII / Foreign
0.6%
DII / Domestic
—
Retail / others
30.2%
Promoter stake up 0.7% over the last 4 quarters.
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2026
See the official result
1
To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026, together with Reports of the Board of Directors and Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026, together with Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
3.42 L votes for, 0 against
2
To appoint a Director in place of Mr. Kamlesh Varjivandas Thakkar (DIN: 05132275), who retires by rotation and being eligible, offers himself for re-appointment
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
3.42 L votes for, 0 against
3
Revision in remuneration of Mr. Kamlesh Varjivandas Thakkar (DIN: 05132275), Chairman cum Managing Director of the Company, with effect from 01st September, 2026 up to the remaining period of his present tenure ending on 25th May, 2027
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
3.42 L votes for, 0 against
4
Re-appointment of Mr. Kamlesh Varjivandas Thakkar (DIN: 05132275) as Chairman cum Managing Director of the Company for further period of 5 years with effect from 26th May, 2027 to 25th May, 2032
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
3.42 L votes for, 0 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 35 named members
owning 69.2% between them · as of 2026-03-31
Lalwani Kamlesh26.43%
Kamlesh V Thakkar26.34%
Bhatt Mukeshkumar N8.21%
Vipul Thakkar8.21%
Aadi Kamlesh Lalwanino shares
Areev Bhattno shares
Bharatbhai Divechano shares
Bhatt Krushnakant Nno shares
Business done with them
FY2025 · 1 of the group
The company paid ₹0 cr to companies in the promoter group last year — about 0.0% of its ₹667 cr revenue and received ₹0.9 L back from them.
Mukeshkumar Navnitray Bhatt
Reimbursement Of Expenses Incurred On Behalf Of Company During Year · Sale, Reimbursement of Expenses, Remuneration
₹7.3 L
company received
Mukeshkumar Navnitray Bhatt
Sold goods to them · Sale, Reimbursement of Expenses, Remuneration
₹0.9 L
company received

The company also transacted with 13 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹7 cr raised in Nov 2025 by selling shares to selected investors

As of Mar 2026, the company says it has spent 100% of what it set aside.

Business Growth and Expansion
100%
₹7 cr of ₹7 cr
Working Capital Requirements
100%
₹88.6 L of ₹88.6 L

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.