Jagran Prakashan Ltd

About [ edit ]

Jagran Prakashan is a media conglomerate with following businesses #-
Newspapers: 10 titles including the popular "Dainik Jagran".
Radio: 39 radio stations including the popular "Radio City".
Advertising: hoardings and billboards
Activation: brand activation through events, conferences and exhibitions

  • Market Cap 1,530 Cr.
  • Current Price 55.0
  • High / Low 67.7 / 29.6
  • Stock P/E 24.5
  • Book Value 68.1
  • Dividend Yield 0.00 %
  • ROCE 12.9 %
  • ROE 13.4 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.81 times its book value

Cons

  • The company has delivered a poor sales growth of 3.45% over past five years.
  • Company has a low return on equity of 13.14% for last 3 years.
  • Promoters have pledged 99.99% of their holding.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
548 603 553 614 593 584 514 553 446 191 289 403
428 439 454 481 455 443 424 406 391 225 246 273
Operating Profit 120 164 100 133 138 141 90 147 54 -34 43 129
OPM % 22% 27% 18% 22% 23% 24% 17% 27% 12% -18% 15% 32%
Other Income 11 5 7 16 13 4 14 10 4 14 11 14
Interest 5 3 5 9 8 9 8 8 8 8 9 8
Depreciation 35 31 31 33 33 36 36 37 37 32 32 32
Profit before tax 92 135 70 106 110 101 60 112 13 -61 13 103
Tax % 32% 34% 36% 34% 36% 35% -110% 27% 40% 27% 23% 25%
Net Profit 59 85 42 67 66 64 122 76 11 -40 13 78
EPS in Rs 1.89 2.74 1.42 2.25 2.24 2.17 4.11 2.59 0.40 -1.41 0.46 2.77

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 TTM
1,221 1,356 1,522 1,703 1,770 2,079 2,283 2,304 2,363 2,097 1,328
867 1,059 1,240 1,346 1,323 1,489 1,643 1,721 1,829 1,665 1,136
Operating Profit 354 296 281 356 446 590 640 583 534 433 192
OPM % 29% 22% 18% 21% 25% 28% 28% 25% 23% 21% 14%
Other Income 26 46 130 63 112 94 41 47 41 32 43
Interest 9 16 31 35 37 55 35 27 26 33 33
Depreciation 65 71 126 79 104 122 129 136 128 146 134
Profit before tax 306 256 255 306 418 508 517 467 421 286 68
Tax % 32% 30% 0% 26% 26% 31% 32% 33% 35% 2%
Net Profit 208 178 255 226 308 351 348 300 261 273 62
EPS in Rs 6.57 5.64 7.69 6.92 9.42 10.73 10.63 9.63 8.79 9.72 2.22
Dividend Payout % 53% 62% 26% 58% 37% 0% 28% 31% 40% 0%
Compounded Sales Growth
10 Years:%
5 Years:3%
3 Years:-3%
TTM:-41%
Compounded Profit Growth
10 Years:%
5 Years:1%
3 Years:-8%
TTM:-81%
Stock Price CAGR
10 Years:-7%
5 Years:-20%
3 Years:-31%
1 Year:48%
Return on Equity
10 Years:%
5 Years:15%
3 Years:13%
Last Year:13%

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 Sep 2020
63 63 63 62 63 65 65 62 59 56 56
Reserves 639 689 869 899 1,071 1,555 2,090 1,977 1,816 1,862 1,837
Borrowings 192 668 484 490 648 591 308 148 406 281 326
352 436 381 471 469 453 748 785 814 738 732
Total Liabilities 1,247 1,856 1,801 1,925 2,253 2,664 3,212 2,972 3,096 2,938 2,951
472 865 778 791 773 1,422 1,492 1,476 1,493 1,455 1,400
CWIP 52 66 131 114 72 145 76 12 3 2 2
Investments 200 252 222 332 357 362 535 523 506 526 562
522 672 669 688 1,051 734 1,109 961 1,093 955 987
Total Assets 1,247 1,856 1,801 1,925 2,253 2,664 3,212 2,972 3,096 2,938 2,951

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
233 227 202 331 439 425 477 391 285 404
-224 -213 -164 -170 -441 156 -419 102 -58 37
-21 7 -31 -188 17 -573 63 -605 -224 -462
Net Cash Flow -12 22 7 -28 15 7 121 -113 2 -21

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
ROCE % 22% 19% 21% 22% 24% 22% 20% 19% 13%
Debtor Days 69 78 77 73 75 79 82 96 98 98
Inventory Turnover 6.85 7.12 7.00 6.83 8.36 8.68 8.86 6.63 3.64

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
60.85 61.31 61.31 61.31 61.31 61.60 62.10 65.02 65.02 65.07 65.07 65.78
6.24 5.40 4.73 5.06 4.96 4.76 4.44 4.45 3.65 2.36 1.93 1.70
17.03 17.16 17.11 17.35 16.95 24.08 21.53 20.33 17.31 16.99 16.94 17.02
15.89 16.13 16.85 16.28 16.78 9.56 11.93 10.20 14.02 15.58 16.06 15.50

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