Jagran Prakashan Ltd

₹ 69.5 1.76%
Jan 25 10:31 a.m.
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 ~8.4 crore 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 Khalihaan, Sakhi and others.[2]

  • Market Cap 1,832 Cr.
  • Current Price 69.5
  • High / Low 79.6 / 39.2
  • Stock P/E 8.47
  • Book Value 56.5
  • Dividend Yield 0.00 %
  • ROCE 11.3 %
  • ROE 8.51 %
  • Face Value 2.00

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -8.37% over past five years.
  • Company has a low return on equity of 13.75% for last 3 years.
  • Promoters have pledged 99.99% 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 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
502 486 489 433 466 384 174 253 352 354 243 347
400 383 374 363 340 321 185 201 226 266 219 249
Operating Profit 102 103 115 70 126 64 -11 51 126 88 23 98
OPM % 20% 21% 24% 16% 27% 17% -6% 20% 36% 25% 10% 28%
Other Income 11 8 1 9 6 2 9 8 9 1 16 13
Interest 8 7 6 4 5 6 6 7 7 8 7 7
Depreciation 20 20 20 21 21 22 17 17 17 17 15 15
Profit before tax 85 85 90 54 106 39 -26 35 110 64 18 90
Tax % 34% 36% 34% -78% 26% 28% 26% 26% 25% 29% 20% 25%
Net Profit 56 54 59 97 78 28 -19 26 83 46 14 67
EPS in Rs 1.90 1.82 2.01 3.26 2.67 1.00 -0.69 0.94 2.94 1.65 0.55 2.54

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
942 1,115 1,244 1,412 1,589 1,662 1,754 1,864 1,868 1,940 1,772 1,133 1,296
667 773 952 1,122 1,224 1,227 1,255 1,337 1,400 1,533 1,397 879 960
Operating Profit 275 342 293 290 365 435 499 526 468 407 375 254 336
OPM % 29% 31% 24% 21% 23% 26% 28% 28% 25% 21% 21% 22% 26%
Other Income 41 23 45 28 52 30 49 40 27 25 18 27 40
Interest 7 7 15 29 33 35 57 20 12 20 21 28 29
Depreciation 51 56 66 69 73 95 84 82 82 75 84 69 64
Profit before tax 259 302 258 220 312 335 407 465 401 338 288 184 282
Tax % 32% 32% 30% -0% 25% 33% 33% 32% 34% 35% 9% 26%
Net Profit 176 206 180 221 233 224 272 316 266 220 262 136 210
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 7.68
Dividend Payout % 60% 54% 62% 30% 56% 51% 0% 31% 35% 47% 0% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: -8%
3 Years: -15%
TTM: 1%
Compounded Profit Growth
10 Years: -5%
5 Years: -13%
3 Years: -21%
TTM: 91%
Stock Price CAGR
10 Years: -4%
5 Years: -18%
3 Years: -13%
1 Year: 68%
Return on Equity
10 Years: 18%
5 Years: 15%
3 Years: 14%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
60 63 63 66 65 65 65 65 62 59 56 56 53
Reserves 552 637 688 853 886 968 1,281 1,605 1,459 1,281 1,315 1,438 1,438
Borrowings 121 180 332 497 478 731 378 156 91 293 232 277 281
244 333 363 347 444 449 300 386 431 470 438 390 409
Total Liabilities 978 1,213 1,447 1,764 1,874 2,214 2,025 2,213 2,043 2,104 2,042 2,160 2,181
369 442 506 504 507 498 704 715 740 728 715 659 630
CWIP 25 52 61 131 114 72 79 76 12 3 2 2 2
Investments 167 232 292 477 596 630 677 757 601 569 567 905 936
417 488 589 653 656 1,014 565 665 690 803 758 595 613
Total Assets 978 1,213 1,447 1,764 1,874 2,214 2,025 2,213 2,043 2,104 2,042 2,160 2,181

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
210 226 214 208 337 341 368 384 341 192 349 350
-48 -229 -218 -173 -148 -438 -17 -93 113 26 -3 -355
-159 -9 -1 -3 -216 109 -353 -246 -494 -217 -357 16
Net Cash Flow 2 -12 -6 32 -27 12 -2 44 -39 1 -12 11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 70 70 72 78 75 77 73 81 92 91 90 109
Inventory Days 71 62 58 53 56 50 36 49 35 85 114 62
Days Payable 126 84 57 64 71 62 31 60 62 70 95 99
Cash Conversion Cycle 15 48 73 67 59 65 78 69 66 105 109 72
Working Capital Days 57 18 26 54 51 28 66 62 65 78 77 64
ROCE % 36% 38% 26% 19% 22% 22% 24% 26% 23% 21% 18% 11%

Shareholding Pattern

Numbers in percentages

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
61.31 61.31 61.60 62.10 65.02 65.02 65.07 65.07 65.78 69.40 69.40 69.40
5.06 4.96 4.76 4.44 4.45 3.65 2.36 1.93 1.70 2.41 2.69 2.90
17.35 16.95 24.08 21.53 20.33 17.31 16.99 16.94 17.02 11.76 11.76 11.82
16.28 16.78 9.56 11.93 10.20 14.02 15.58 16.06 15.50 16.43 16.15 15.88

Documents