Jagran Prakashan Ltd

Jagran Prakashan Ltd

₹ 71.4 -0.98%
13 Jun - close price
About

Jagran Prakashan Ltd is a media conglomerate with interests spanning across printing and publication of newspapers & magazines, FM radio, digital, outdoor advertising and promotional marketing, event management and activation business.[1]

Key Points

A) Print Business Division
The company operates 10 different print titles across various categories. It has a presence across 13 states and UTs with 300+ editions/ sub-editions of its daily newsprints with a base of ~84 Mn readers. Its flagship newspaper Dainik Jagran is the largest Hindi daily newsprint and its Urdu paper Inquilab is the leading Urdu newspaper in India. [1] [2]

  • Market Cap 1,554 Cr.
  • Current Price 71.4
  • High / Low 111 / 63.0
  • Stock P/E 7.36
  • Book Value 78.2
  • Dividend Yield 8.40 %
  • ROCE 17.0 %
  • ROE 12.8 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.91 times its book value
  • Stock is providing a good dividend yield of 8.40%.
  • Company has been maintaining a healthy dividend payout of 48.1%

Cons

  • The company has delivered a poor sales growth of -2.15% over past five years.
  • Company has a low return on equity of 13.5% over last 3 years.
  • Working capital days have increased from 75.1 days to 169 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
366 394 392 417 392 386 391 434 430 370 376 433 411
282 321 310 345 322 323 326 341 321 312 312 354 339
Operating Profit 85 73 82 71 70 62 65 93 110 58 64 79 71
OPM % 23% 18% 21% 17% 18% 16% 17% 22% 26% 16% 17% 18% 17%
12 8 14 16 47 16 12 20 17 16 20 14 27
Interest 7 7 9 9 8 5 3 4 5 2 2 2 2
Depreciation 16 13 13 12 11 13 13 14 14 12 13 13 14
Profit before tax 75 60 74 67 97 61 60 97 108 60 69 78 82
Tax % 19% 25% 25% 25% 20% 22% 25% 23% 28% 26% 31% 23% 26%
60 45 55 50 78 47 45 74 78 44 47 60 60
EPS in Rs 2.29 1.71 2.10 1.90 2.96 2.18 2.06 3.40 3.59 2.02 2.18 2.74 2.76
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,589 1,662 1,754 1,864 1,868 1,940 1,772 1,133 1,401 1,594 1,641 1,590
1,224 1,227 1,255 1,337 1,400 1,533 1,397 879 1,044 1,298 1,311 1,317
Operating Profit 365 435 499 526 468 407 375 254 357 296 330 273
OPM % 23% 26% 28% 28% 25% 21% 21% 22% 25% 19% 20% 17%
52 30 49 40 27 25 18 27 56 85 65 77
Interest 33 35 57 20 12 20 21 28 28 33 16 9
Depreciation 73 95 84 82 82 75 84 69 60 49 53 53
Profit before tax 312 335 407 465 401 338 288 184 325 299 325 288
Tax % 25% 33% 33% 32% 34% 35% 9% 26% 24% 23% 25% 27%
233 224 272 316 266 220 262 136 248 229 245 211
EPS in Rs 7.13 6.84 8.31 9.67 8.54 7.42 9.33 4.87 9.42 8.67 11.23 9.70
Dividend Payout % 56% 51% -0% 31% 35% 47% -0% -0% -0% 38% 45% 62%
Compounded Sales Growth
10 Years: 0%
5 Years: -2%
3 Years: 4%
TTM: -3%
Compounded Profit Growth
10 Years: 0%
5 Years: -3%
3 Years: -4%
TTM: -4%
Stock Price CAGR
10 Years: -5%
5 Years: 13%
3 Years: 14%
1 Year: -22%
Return on Equity
10 Years: 15%
5 Years: 13%
3 Years: 14%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 65 65 65 65 62 59 56 56 53 44 44 44
Reserves 886 968 1,292 1,605 1,459 1,281 1,315 1,438 1,609 1,318 1,560 1,659
478 731 378 156 91 293 232 277 316 327 128 51
444 449 289 386 431 470 438 390 399 530 483 475
Total Liabilities 1,874 2,214 2,025 2,213 2,043 2,104 2,042 2,160 2,377 2,219 2,215 2,228
507 498 704 715 740 728 715 659 635 548 522 521
CWIP 114 72 79 76 12 3 2 2 2 2 6 9
Investments 596 630 677 757 601 569 567 905 1,085 1,062 944 1,020
656 1,014 565 665 690 803 758 595 655 607 743 678
Total Assets 1,874 2,214 2,025 2,213 2,043 2,104 2,042 2,160 2,377 2,219 2,215 2,228

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
337 341 368 384 341 192 349 350 304 255 264 206
-148 -438 -17 -93 113 26 -3 -355 -194 254 42 -7
-216 109 -353 -246 -494 -217 -357 16 -113 -502 -292 -209
Net Cash Flow -27 12 -2 44 -39 1 -12 11 -3 6 15 -11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 75 77 73 81 92 91 90 109 88 83 86 80
Inventory Days 56 50 36 49 35 85 114 62 72 57 37 52
Days Payable 71 62 31 60 62 70 95 99 104 98 113 104
Cash Conversion Cycle 59 65 78 69 66 105 109 72 55 42 11 28
Working Capital Days 45 6 60 47 65 78 77 64 46 21 35 169
ROCE % 22% 22% 24% 26% 23% 21% 18% 11% 18% 16% 18% 17%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
69.41% 69.42% 69.42% 69.00% 69.00% 69.00% 69.00% 69.00% 69.00% 69.00% 69.00% 69.00%
3.18% 3.12% 3.33% 3.39% 3.31% 3.34% 3.54% 3.05% 3.04% 2.48% 2.39% 2.53%
10.40% 10.44% 11.21% 11.48% 11.09% 11.21% 10.74% 10.61% 9.62% 9.12% 9.17% 8.94%
17.01% 17.01% 16.05% 16.13% 16.60% 16.45% 16.72% 17.33% 18.36% 19.43% 19.46% 19.55%
No. of Shareholders 50,00849,26747,51043,62342,82542,14143,29148,72650,93552,94856,34760,406

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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