Jagran Prakashan Ltd

₹ 72.2 -0.35%
03 Feb - 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

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 leading Hindi daily newsprint and its Urdu paper Inquilab is the leading Urdu newspaper in India. [1]
Its print titles include Dainik Jagran, Nai Dunia Nav Dunia, Mid-day, The Inquilab, Punjabi Jagran, Khet Khalihan, Sakhi and others. [2]

  • Market Cap 1,904 Cr.
  • Current Price 72.2
  • High / Low 84.0 / 47.1
  • Stock P/E 9.03
  • Book Value 62.8
  • Dividend Yield 5.54 %
  • ROCE 18.0 %
  • ROE 15.0 %
  • Face Value 2.00

Pros

  • Stock is trading at 1.15 times its book value
  • Company's working capital requirements have reduced from 62.2 days to 46.1 days

Cons

  • The company has delivered a poor sales growth of -5.54% over past five years.
  • Company has a low return on equity of 13.9% over last 3 years.
  • Promoters have pledged 100.0% of their holding.

* 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

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
466 384 174 253 352 354 243 347 445 366 394 392 417
340 321 185 201 226 266 219 249 295 282 321 310 345
Operating Profit 126 64 -11 51 126 88 23 98 150 85 73 82 71
OPM % 27% 17% -6% 20% 36% 25% 10% 28% 34% 23% 18% 21% 17%
6 2 9 8 9 1 16 13 14 12 8 14 16
Interest 5 6 6 7 7 8 7 7 7 7 7 9 9
Depreciation 21 22 17 17 17 17 15 15 15 16 13 13 12
Profit before tax 106 39 -26 35 110 64 18 90 143 75 60 74 67
Tax % 26% 28% 26% 26% 25% 29% 20% 25% 25% 19% 25% 25% 25%
Net Profit 78 28 -19 26 83 46 14 67 106 60 45 55 50
EPS in Rs 2.67 1.00 -0.69 0.94 2.94 1.65 0.55 2.54 4.04 2.29 1.71 2.10 1.90
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,115 1,244 1,412 1,589 1,662 1,754 1,864 1,868 1,940 1,772 1,133 1,401 1,569
773 952 1,122 1,224 1,227 1,255 1,337 1,400 1,533 1,397 879 1,044 1,257
Operating Profit 342 293 290 365 435 499 526 468 407 375 254 357 311
OPM % 31% 24% 21% 23% 26% 28% 28% 25% 21% 21% 22% 25% 20%
23 45 28 52 30 49 40 27 25 18 27 56 50
Interest 7 15 29 33 35 57 20 12 20 21 28 28 32
Depreciation 56 66 69 73 95 84 82 82 75 84 69 60 53
Profit before tax 302 258 220 312 335 407 465 401 338 288 184 325 276
Tax % 32% 30% -0% 25% 33% 33% 32% 34% 35% 9% 26% 24%
Net Profit 206 180 221 233 224 272 316 266 220 262 136 248 211
EPS in Rs 6.51 5.68 6.64 7.13 6.84 8.31 9.67 8.54 7.42 9.33 4.87 9.42 8.00
Dividend Payout % 54% 62% 30% 56% 51% -0% 31% 35% 47% -0% -0% -0%
Compounded Sales Growth
10 Years: 1%
5 Years: -6%
3 Years: -10%
TTM: 13%
Compounded Profit Growth
10 Years: 3%
5 Years: -4%
3 Years: 4%
TTM: -9%
Stock Price CAGR
10 Years: -4%
5 Years: -15%
3 Years: 1%
1 Year: 4%
Return on Equity
10 Years: 17%
5 Years: 14%
3 Years: 14%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
63 63 66 65 65 65 65 62 59 56 56 53 53
Reserves 637 688 853 886 968 1,281 1,605 1,459 1,281 1,315 1,438 1,609 1,604
180 332 497 478 731 378 156 91 293 232 277 316 327
333 363 347 444 449 300 386 431 470 438 390 399 470
Total Liabilities 1,213 1,447 1,764 1,874 2,214 2,025 2,213 2,043 2,104 2,042 2,160 2,377 2,454
442 506 504 507 498 704 715 740 728 715 659 635 623
CWIP 52 61 131 114 72 79 76 12 3 2 2 2 0
Investments 232 292 477 596 630 677 757 601 569 567 905 1,085 1,126
488 589 653 656 1,014 565 665 690 803 758 595 655 705
Total Assets 1,213 1,447 1,764 1,874 2,214 2,025 2,213 2,043 2,104 2,042 2,160 2,377 2,454

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
226 214 208 337 341 368 384 341 192 349 350 304
-229 -218 -173 -148 -438 -17 -93 113 26 -3 -355 -194
-9 -1 -3 -216 109 -353 -246 -494 -217 -357 16 -113
Net Cash Flow -12 -6 32 -27 12 -2 44 -39 1 -12 11 -3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 70 72 78 75 77 73 81 92 91 90 109 88
Inventory Days 62 58 53 56 50 36 49 35 85 114 62 72
Days Payable 84 57 64 71 62 31 60 62 70 95 99 104
Cash Conversion Cycle 48 73 67 59 65 78 69 66 105 109 72 55
Working Capital Days 12 20 48 45 6 60 47 65 78 77 64 46
ROCE % 38% 26% 19% 22% 22% 24% 26% 23% 21% 18% 11% 18%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
65.02 65.02 65.07 65.07 65.78 69.40 69.40 69.40 69.40 69.41 69.42 69.42
4.45 3.65 2.36 1.93 1.70 2.41 2.69 2.90 3.13 3.18 3.12 3.33
20.33 17.31 16.99 16.94 17.02 11.76 11.76 11.82 11.14 10.40 10.44 11.21
10.20 14.02 15.58 16.06 15.50 16.43 16.15 15.88 16.33 17.01 17.01 16.05

* 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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Documents

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