Edtech Stocks and Companies in India

The largest Edtech stocks in India by market value are Physicswallah (₹38,441 crore), Crizac (₹2,748 crore) and Jaro Institute of Technol. Mgt. and Research (₹745 crore), at prices of 4 Nov 2026.

• Physicswallah: ₹128.99 | market value ₹38,441 crore | P/E 257
• Crizac: ₹157.02 | market value ₹2,748 crore | P/E 13.1
• Jaro Institute of Technol. Mgt. and Research: ₹334.45 | market value ₹745 crore | P/E 13.1

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 4 Nov 2026; the score list below uses the weekly figures.

All 3 listed Indian Platform - Education companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Platform - Education index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. One large company cannot set the reading.

1. Physicswallah Ltd₹38,400 cr
2. Crizac Ltd₹2,430 cr
3. Jaro Institute of Technol. Mgt. and Research Ltd₹726 cr

3 Edtech companies in the Platform - Education industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 3 are listed below, largest first. The largest is Physicswallah (₹38,441 crore) and the smallest with a market value is Jaro Institute of Technol. Mgt. and Research.

Download all 3 Edtech companies (CSV)

The line below covers up to 1.3 years. There is not enough history yet to compare this sector with NIFTY 500 over two years. Earnings across its companies grew 24% on average over the last four reported quarters.

1 of 3 companies pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high). 1 is 20% or more behind over a year while earnings grew 20% or more.

Not ahead of NIFTY 500 on the three-month view this week; 1 of the 3 companies in the industry index above their 200-day average (no change from four weeks earlier); 1 of those 3 pass the momentum test (1 more than four weeks earlier); earnings rising at 3 of the 3 that report earnings.

Not ahead of NIFTY 500, not building participation, not giving any back. Earnings confirming, 3 of 3 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover or tap any point to read both values and the gap.

Platform - Education has done worse than the NIFTY 500 by 39.7% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 12%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 5.6 as of 30 October 2026 (consolidation, falling).

Platform - Education has done worse than the NIFTY 500 by 39.7% over 52 weeks and by 12% over 13 weeks. 0 of 3 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months) (1 has no relative-strength reading yet).

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Physicswallah Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 52.3% evidence confidence.

Crizac Ltd scores well on valuation against its peers or its own history, but its earnings have not yet improved enough to back that up.

Physicswallah Ltd has the strongest one-year price move in Platform - Education at −4.0%. Jaro Institute of Technol. Mgt. and Research Ltd leads on relative strength against the NIFTY, at −29.0%. 0 of 3 companies we track are ahead of the index on that measure (1 has no relative-strength reading yet). Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Platform - Education itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

This is a newly-listed cohort with barely three years of history, so there is no decade-long cycle to lean on. Sector profit swung from a loss to a real number over the last year, aggregate profit went from −38cr to +248cr on revenue that grew about 31% to 5,216cr, and operating margin edged up to about 14% from 12.4%. In the week of 13 July 2026, 0% of 3 Platform - Education companies were beating the Nifty 500.

From our industry review of 19 July 2026. A newer review (10 October 2026) did not cover Platform - Education, so this is the latest we have.

2 of 3 Platform - Education companies held a results call for April to June 2026. Crizac guided: FY27 operating revenue broadly flat versus FY26, reflecting a consolidation and capability-building year.

From the results calls for April to June 2026.

Big funds, foreign and Indian, cut their stake by 2.4 points over the last two quarters. Founders and promoters raised theirs by 1.0 points.

• Spending on new plants and equipment was ₹3,448 crore in the last 12 months, 107% more than a year before.
• Projects still being built shrank 11% in a year.

Big funds = foreign and Indian institutions, change in their share of ownership across 3 Platform - Education companies, in percentage points.

Ownership and spending as of 10 October 2026.

Physicswallah Ltd has the highest Revenue among the 3 Platform - Education companies compared here, at ₹4,106 crore. Crizac Ltd is next at ₹975 crore. The same company also has the highest Revenue growth, at 32.5%. 3 of 3 companies report a comparable reading, the latest through Sep 2026. Its Revenue series carries 9 reported observations across the 18-quarter window.

What the numbers say: Physicswallah Ltd is the largest at ₹4,106 crore, 321.1% ahead of Crizac Ltd. Physicswallah Ltd's growth is 32.5% from a ₹4,106 crore base, with 9 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Physicswallah Ltd is both the largest and the fastest-growing company here; the growth has to turn into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Physicswallah Ltd's revenue growth slows for two consecutive comparable reports while its operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Crizac Ltd has the highest OPM among the 3 Platform - Education companies compared here, at 35%. Physicswallah Ltd is next at 22%. Physicswallah Ltd has the highest Margin change at +5 percentage points, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Crizac Ltd leads opm at 35%; Physicswallah Ltd leads margin change at +5 percentage points.

What this means: Crizac Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

Crizac Ltd has the highest Net profit among the 3 Platform - Education companies compared here, at ₹207 crore. Jaro Institute of Technol. Mgt. and Research Ltd is next at ₹56 crore. Physicswallah Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Crizac Ltd earns the most, ₹207 crore of profit over the last 12 months, 269.6% above Jaro Institute of Technol. Mgt. and Research Ltd. Physicswallah Ltd shows at least 100% on the scoring scale growth from a profit base of ₹15 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Crizac Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Crizac Ltd has the highest ROCE among the 3 Platform - Education companies compared here, at 52.3%. Jaro Institute of Technol. Mgt. and Research Ltd is next at 22.1%. Physicswallah Ltd has the highest ROCE change at +13 percentage points, so level and change sit with different companies. Its ROCE series carries 12 reported observations across the 18-quarter window.

What the numbers say: Crizac Ltd leads ROCE at 52.3%, 30.2 percentage points above Jaro Institute of Technol. Mgt. and Research Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Crizac Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

Return on capital · company comparison

Withheld from this chart: Physicswallah Ltd (PWL): its two data sources disagree by up to 18% on reported income across 8 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn, the gap is a decision, not missing data.

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Crizac Ltd has the lowest PEG among the 3 Platform - Education companies compared here, at 0.34×. The same company also has the lowest P/E, at 11.6×. 1 of 3 companies report a comparable reading, the latest through Sep 2026. PEG asks what price is being paid for growth; P/E keeps that answer anchored to the actual earnings multiple.

What the numbers say: That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

Valuation · company comparison

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Platform - Education companies show up on 4 of our India lists. The most are on the 52 week high & low list (2 companies).

This Platform - Education comparison names 6 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. 1 has second-source figures left out because the two sources disagree. 1 of the 5 ranked sections has fewer than three usable current readings.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
• 1 company is missing from the second-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.
• Thin comparisons: Valuation have fewer than three usable current readings.

This comparison is built from the reported filings of 3 Platform - Education companies, normalized to a common ₹ scale and a shared quarter axis of up to 18 quarters each. Fundamentals run through Sep 2026 and market data through 30 October 2026.

1 of 3 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Physicswallah Ltd (PWL): its two data sources disagree by up to 18% on reported income across 8 comparable periods, so its derived ratios are withheld.

These 23 answers restate the Platform - Education comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.