MADHUVEER
JOJO financials
- Market cap
- ₹883 Cr
Quarterly results
Q1 FY27: revenue up 205.1%, net profit up 445.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 1 | 1 | 1 | 1 | 8 +986% | 12 +1036% | 4 +205% |
| EBITDA | -0 | 1 | 0 | 0 | -0 +11% | 6 +804% | 3 +685% | 2 +610% |
| Net profit | 0 | 1 | 0 | 0 | 0 −46% | 4 +792% | 1 +383% | 1 +445% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +0.2% 1Y
1Y: ₹221.35 on 10 Sept 2025 → ₹221.7. High ₹281.25 (2 Jan 2026), low ₹132.43 (3 Aug 2026).
Financials, as filed
Revenue grew 218.6% a year over 2 years, FY24 to FY26. Operating margin narrowed to 42.3%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹2 Cr | ₹2 Cr | ₹23 Cr |
| Operating profit | ₹2 Cr | ₹1 Cr | ₹10 Cr |
| Operating margin | 75.7% | 50.0% | 42.3% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Net profit | ₹3 Cr | ₹1 Cr | ₹6 Cr |
| Net margin | 123.9% | 55.0% | 26.1% |
| Cash from operations | ₹-14 Cr | ₹-12 Cr | ₹11 Cr |
| Free cash flow | ₹-14 Cr | ₹-13 Cr | ₹-0 Cr |
| ROCE | 24.0% | 4.4% | 19.5% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹24 Cr | ₹25 Cr |
| Reserves | ₹-3 Cr | ₹-3 Cr | ₹-3 Cr | ₹13 Cr | ₹18 Cr | ₹28 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹2 Cr | ₹0 Cr |
| Other liabilities | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹3 Cr | ₹23 Cr |
| Total liabilities | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹25 Cr | ₹48 Cr | ₹77 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹19 Cr | ₹18 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹4 Cr | ₹9 Cr |
| Investments | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹1 Cr | ₹6 Cr |
| Other assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹19 Cr | ₹24 Cr | ₹44 Cr |
| Total assets | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹25 Cr | ₹48 Cr | ₹77 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Aug 2026
Since Sep 2025, promoters added +1.30 pp while the public trimmed −1.29 pp. The shareholder count grew 120% to 3,599.
- Promoters
- 67.8%
- Public
- 32.2%
Since Sep 2025
- Promoters +1.30 pp
- Public −1.29 pp
How it drifted, 12 quarters
Over this window promoters went from 3.9% to 67.8% — +63.9 pp.
Ownership split by quarter, oldest first. Dec '23: Promoters 3.9%, Public 96.1%.Mar '24: Promoters 65.1%, Public 34.9%.Jun '24: Promoters 65.1%, Public 34.9%.Sep '24: Promoters 66.5%, Public 33.5%.Dec '24: Promoters 66.5%, Public 33.5%.Mar '25: Promoters 66.5%, Public 33.5%.Jun '25: Promoters 66.5%, Public 33.5%.Sep '25: Promoters 66.5%, Public 33.5%.Dec '25: Promoters 67.8%, Public 32.2%.Mar '26: Promoters 67.8%, Public 32.2%.Jun '26: Promoters 67.8%, Public 32.2%.Aug '26: Promoters 67.8%, Public 32.2%.
Who is on the register
Named in the Aug 2026 filing
Every holder of JOJO LIMITED above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| Dhruvin Daksheshbhai Shah | 34.80% | unchanged |
| Sagar Samir Shah | 31.58% | unchanged |
| Shlok Rathod | 4.91% | unchanged |
| Jay Prakash Kariya | 4.90% | unchanged |
| Meet Prakash Kariya | 3.89% | −0.24 pp |
| Sheetal Dakshesh Shah | 1.41% | unchanged |
| Madhurani Agarwal | 1.10% | unchanged |
| Dakshesh Rameshchandra Shah | 0.00% | unchanged |
| Shweta Samirbhai Shah | 0.00% | unchanged |
| Samir Rohitbhai Shah | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse JOJO LIMITED
Guides on how to read this kind of business and the numbers that matter.