Jagran Prakashan Ltd

Jagran Prakashan Ltd

₹ 71.9 -1.51%
10 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 1,564 Cr.
  • Current Price 71.9
  • High / Low 111 / 63.0
  • Stock P/E 16.6
  • Book Value 89.5
  • Dividend Yield 8.35 %
  • ROCE 6.87 %
  • ROE 4.85 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Stock is trading at 0.80 times its book value
  • Stock is providing a good dividend yield of 8.35%.
  • Company has been maintaining a healthy dividend payout of 67.5%

Cons

  • The company has delivered a poor sales growth of -2.08% over past five years.
  • Company has a low return on equity of 6.51% over last 3 years.
  • Earnings include an other income of Rs.106 Cr.
  • Working capital days have increased from 92.6 days to 187 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

Consolidated Figures in Rs. Crores / View Standalone

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
425 454 454 488 459 455 459 511 510 444 447 516 481
340 377 368 406 451 385 387 406 484 379 379 423 547
Operating Profit 85 77 86 82 9 69 72 105 25 66 68 93 -66
OPM % 20% 17% 19% 17% 2% 15% 16% 20% 5% 15% 15% 18% -14%
17 13 19 60 53 22 18 27 24 23 27 21 34
Interest 8 8 10 10 11 7 6 6 8 6 5 5 5
Depreciation 30 28 27 26 26 27 27 28 29 26 27 27 28
Profit before tax 64 54 68 106 25 57 57 97 12 58 62 82 -65
Tax % 17% 25% 25% 22% 8% 23% 27% 24% 51% 29% 33% 24% -21%
53 40 51 82 23 44 42 73 6 41 42 63 -51
EPS in Rs 2.06 1.57 1.96 3.12 0.93 2.05 1.95 3.39 1.05 1.89 1.97 2.88 -0.73
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,703 1,770 2,079 2,283 2,304 2,363 2,097 1,289 1,616 1,856 1,934 1,888
1,336 1,323 1,489 1,643 1,721 1,829 1,665 1,061 1,256 1,602 1,663 1,728
Operating Profit 366 446 590 640 583 534 433 228 360 254 271 160
OPM % 22% 25% 28% 28% 25% 23% 21% 18% 22% 14% 14% 8%
53 112 94 41 47 41 32 42 73 145 90 106
Interest 35 37 55 35 27 26 33 34 31 39 28 21
Depreciation 79 104 122 129 136 128 146 129 119 107 111 108
Profit before tax 306 418 508 517 467 421 286 107 282 253 223 137
Tax % 26% 26% 31% 32% 33% 35% 2% 27% 23% 22% 26% 31%
226 308 351 349 311 274 281 78 217 197 165 94
EPS in Rs 6.92 9.42 10.73 10.63 9.63 8.79 9.72 3.19 8.44 7.58 8.44 6.02
Dividend Payout % 58% 37% 0% 28% 31% 40% 0% 0% 0% 44% 59% 100%
Compounded Sales Growth
10 Years: 1%
5 Years: -2%
3 Years: 5%
TTM: -2%
Compounded Profit Growth
10 Years: -9%
5 Years: -18%
3 Years: -23%
TTM: -33%
Stock Price CAGR
10 Years: -5%
5 Years: 13%
3 Years: 13%
1 Year: -21%
Return on Equity
10 Years: 11%
5 Years: 7%
3 Years: 7%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 899 1,071 1,566 2,090 1,977 1,816 1,862 1,940 2,085 1,704 1,885 1,904
490 648 591 308 148 406 281 318 352 443 247 186
471 469 442 748 785 814 738 648 653 739 652 601
Total Liabilities 1,925 2,253 2,664 3,212 2,972 3,096 2,938 2,961 3,142 2,930 2,827 2,734
791 773 1,422 1,492 1,476 1,493 1,455 1,346 1,269 1,068 908 751
CWIP 114 72 145 76 12 3 2 2 2 2 6 9
Investments 332 357 362 535 523 506 526 839 1,029 1,020 926 1,068
688 1,051 734 1,109 961 1,093 955 774 842 839 986 906
Total Assets 1,925 2,253 2,664 3,212 2,972 3,096 2,938 2,961 3,142 2,930 2,827 2,734

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
331 439 425 477 391 285 404 348 322 272 297 224
-170 -441 156 -419 102 -58 37 -332 -204 249 28 -14
-188 17 -573 63 -605 -224 -462 -2 -123 -517 -307 -222
Net Cash Flow -28 15 7 121 -113 2 -21 15 -5 4 18 -12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 73 75 79 82 96 98 98 122 98 89 92 87
Inventory Days 60 54 39 52 36 84 113 64 72 60 38 52
Days Payable 76 66 48 82 73 82 107 114 122 111 128 122
Cash Conversion Cycle 57 63 69 53 59 100 104 72 48 38 2 17
Working Capital Days 44 5 50 33 70 73 82 81 57 41 49 187
ROCE % 21% 22% 24% 21% 18% 17% 12% 5% 11% 8% 9% 7%

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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