Jagran Prakashan Ltd

₹ 71.5 2.00%
25 Nov - 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 ~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 1,885 Cr.
  • Current Price 71.5
  • High / Low 82.0 / 47.1
  • Stock P/E 7.58
  • Book Value 80.6
  • Dividend Yield 5.59 %
  • ROCE 12.2 %
  • ROE 9.82 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.89 times its book value
  • Company's working capital requirements have reduced from 73.5 days to 57.2 days

Cons

  • The company has delivered a poor sales growth of -6.68% over past five years.
  • Company has a low return on equity of 8.87% 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
514 553 446 191 289 403 406 270 403 519 425 454 454
424 406 391 225 246 273 317 265 301 351 340 377 368
Operating Profit 90 147 54 -34 43 129 90 6 101 168 85 77 86
OPM % 17% 27% 12% -18% 15% 32% 22% 2% 25% 32% 20% 17% 19%
14 10 4 14 11 14 3 20 18 18 17 13 19
Interest 8 8 8 8 9 8 9 8 8 8 8 8 10
Depreciation 36 37 37 32 32 32 32 29 30 30 30 28 27
Profit before tax 60 112 13 -61 13 103 52 -11 82 148 64 54 68
Tax % -110% 27% 40% 27% 23% 25% 31% 38% 25% 26% 17% 25% 25%
Net Profit 126 82 8 -44 10 77 36 -7 61 110 53 40 51
EPS in Rs 4.11 2.59 0.40 -1.41 0.46 2.77 1.35 -0.10 2.35 4.13 2.06 1.57 1.96
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,221 1,356 1,522 1,703 1,770 2,079 2,283 2,304 2,363 2,097 1,289 1,616 1,852
867 1,059 1,235 1,336 1,323 1,489 1,643 1,721 1,829 1,665 1,061 1,256 1,436
Operating Profit 354 296 286 366 446 590 640 583 534 433 228 360 416
OPM % 29% 22% 19% 22% 25% 28% 28% 25% 23% 21% 18% 22% 22%
26 46 125 53 112 94 41 47 41 32 42 73 66
Interest 9 16 31 35 37 55 35 27 26 33 34 31 34
Depreciation 65 71 126 79 104 122 129 136 128 146 129 119 114
Profit before tax 306 256 255 306 418 508 517 467 421 286 107 282 334
Tax % 32% 30% 0% 26% 26% 31% 32% 33% 35% 2% 27% 23%
Net Profit 208 178 255 226 308 351 349 311 274 281 78 217 254
EPS in Rs 6.57 5.64 7.69 6.92 9.42 10.73 10.63 9.63 8.79 9.72 3.19 8.44 9.72
Dividend Payout % 53% 62% 26% 58% 37% 0% 28% 31% 40% 0% 0% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: -7%
3 Years: -12%
TTM: 25%
Compounded Profit Growth
10 Years: 2%
5 Years: -9%
3 Years: -6%
TTM: 41%
Stock Price CAGR
10 Years: -3%
5 Years: -15%
3 Years: 8%
1 Year: 10%
Return on Equity
10 Years: 15%
5 Years: 11%
3 Years: 9%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 63 62 63 65 65 62 59 56 56 53 53
Reserves 639 689 869 899 1,071 1,555 2,090 1,977 1,816 1,862 1,940 2,085 2,073
192 668 484 490 648 591 308 148 406 281 318 352 364
352 436 381 471 469 453 748 785 814 738 648 653 763
Total Liabilities 1,247 1,856 1,801 1,925 2,253 2,664 3,212 2,972 3,096 2,938 2,961 3,142 3,252
472 865 778 791 773 1,422 1,492 1,476 1,493 1,455 1,346 1,269 1,235
CWIP 52 66 131 114 72 145 76 12 3 2 2 2 1
Investments 200 252 222 332 357 362 535 523 506 526 839 1,029 1,089
522 672 669 688 1,051 734 1,109 961 1,093 955 774 842 927
Total Assets 1,247 1,856 1,801 1,925 2,253 2,664 3,212 2,972 3,096 2,938 2,961 3,142 3,252

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
233 227 202 331 439 425 477 391 285 404 348 322
-224 -213 -164 -170 -441 156 -419 102 -58 37 -332 -204
-21 7 -31 -188 17 -573 63 -605 -224 -462 -2 -123
Net Cash Flow -12 22 7 -28 15 7 121 -113 2 -21 15 -5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 69 78 77 73 75 79 82 96 98 98 122 98
Inventory Days 65 61 56 60 54 39 52 36 84 113 64 72
Days Payable 91 77 70 76 66 48 82 73 82 107 114 122
Cash Conversion Cycle 43 62 62 57 63 69 53 59 100 104 72 48
Working Capital Days 14 16 41 44 5 50 33 70 73 82 81 57
ROCE % 22% 19% 21% 22% 24% 22% 20% 19% 13% 5% 12%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
62.10 65.02 65.02 65.07 65.07 65.78 69.40 69.40 69.40 69.40 69.41 69.42
4.44 4.45 3.65 2.36 1.93 1.70 2.41 2.69 2.90 3.13 3.18 3.12
21.53 20.33 17.31 16.99 16.94 17.02 11.76 11.76 11.82 11.14 10.40 10.44
11.93 10.20 14.02 15.58 16.06 15.50 16.43 16.15 15.88 16.33 17.01 17.01

Documents

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