Jagran Prakashan Ltd

Jagran Prakashan Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Jagran Prakashan Ltd

₹ 99.4 1.38%
05 Dec - close price
jplcorp.in BSE: 532705 NSE : JAGRAN
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]

Website BSE NSE
  • Market Cap ₹ 2,165 Cr.
  • Current Price ₹ 99.4
  • High / Low ₹ 121 / 65.2
  • Stock P/E 13.4
  • Book Value ₹ 84.3
  • Dividend Yield 4.02 %
  • ROCE 8.23 %
  • ROE 7.08 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Stock is trading at 1.18 times its book value
  • Stock is providing a good dividend yield of 4.02%.
  • Company's working capital requirements have reduced from 59.9 days to 41.0 days

Cons

  • The company has delivered a poor sales growth of -4.23% over past five years.
  • Company has a low return on equity of 6.86% over last 3 years.
  • Promoters have pledged 100.0% of their holding.
  • Earnings include an other income of Rs.153 Cr.
  • Dividend payout has been low at 14.5% of profits over last 3 years

* 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.

Peer comparison

Sector: Media - Print/Television/Radio Industry: Entertainment / Electronic Media Software

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
289 403 406 270 403 519 425 454 454 488 459 455 459
246 273 317 265 301 351 340 377 368 406 451 385 387
Operating Profit 43 129 90 6 101 168 85 77 86 82 9 69 72
OPM % 15% 32% 22% 2% 25% 32% 20% 17% 19% 17% 2% 15% 16%
11 14 3 20 18 18 17 13 19 60 53 22 18
Interest 9 8 9 8 8 8 8 8 10 10 11 7 6
Depreciation 32 32 32 29 30 30 30 28 27 26 26 27 27
Profit before tax 13 103 52 -11 82 148 64 54 68 106 25 57 57
Tax % 23% 25% 31% 38% 25% 26% 17% 25% 25% 22% 8% 23% 27%
10 77 36 -7 61 110 53 40 51 82 23 44 42
EPS in Rs 0.46 2.77 1.35 -0.10 2.35 4.13 2.06 1.57 1.96 3.12 0.93 2.05 1.95
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,356 1,522 1,703 1,770 2,079 2,283 2,304 2,363 2,097 1,289 1,616 1,856 1,861
1,059 1,235 1,336 1,323 1,489 1,643 1,721 1,829 1,665 1,061 1,256 1,602 1,629
Operating Profit 296 286 366 446 590 640 583 534 433 228 360 254 232
OPM % 22% 19% 22% 25% 28% 28% 25% 23% 21% 18% 22% 14% 12%
46 125 53 112 94 41 47 41 32 42 73 145 153
Interest 16 31 35 37 55 35 27 26 33 34 31 39 34
Depreciation 71 126 79 104 122 129 136 128 146 129 119 107 106
Profit before tax 256 255 306 418 508 517 467 421 286 107 282 253 245
Tax % 30% 0% 26% 26% 31% 32% 33% 35% 2% 27% 23% 22%
178 255 226 308 351 349 311 274 281 78 217 197 191
EPS in Rs 5.64 7.69 6.92 9.42 10.73 10.63 9.63 8.79 9.72 3.19 8.44 7.58 8.05
Dividend Payout % 62% 26% 58% 37% -0% 28% 31% 40% -0% -0% -0% 44%
Compounded Sales Growth
10 Years: 2%
5 Years: -4%
3 Years: -4%
TTM: 0%
Compounded Profit Growth
10 Years: -6%
5 Years: -13%
3 Years: -18%
TTM: -35%
Stock Price CAGR
10 Years: 2%
5 Years: -2%
3 Years: 34%
1 Year: 33%
Return on Equity
10 Years: 13%
5 Years: 9%
3 Years: 7%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 63 66 65 65 65 65 62 59 56 56 53 44 44
Reserves 689 869 899 1,071 1,566 2,090 1,977 1,816 1,862 1,940 2,085 1,704 1,791
668 484 490 648 591 308 148 406 281 318 352 443 268
436 381 471 469 442 748 785 814 738 648 653 739 731
Total Liabilities 1,856 1,801 1,925 2,253 2,664 3,212 2,972 3,096 2,938 2,961 3,142 2,930 2,833
865 778 791 773 1,422 1,492 1,476 1,493 1,455 1,346 1,269 1,068 1,037
CWIP 66 131 114 72 145 76 12 3 2 2 2 2 6
Investments 252 222 332 357 362 535 523 506 526 839 1,029 1,020 866
672 669 688 1,051 734 1,109 961 1,093 955 774 842 839 924
Total Assets 1,856 1,801 1,925 2,253 2,664 3,212 2,972 3,096 2,938 2,961 3,142 2,930 2,833

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
227 202 331 439 425 477 391 285 404 348 322 272
-213 -164 -170 -441 156 -419 102 -58 37 -332 -204 249
7 -31 -188 17 -573 63 -605 -224 -462 -2 -123 -517
Net Cash Flow 22 7 -28 15 7 121 -113 2 -21 15 -5 4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 78 77 73 75 79 82 96 98 98 122 98 89
Inventory Days 61 56 60 54 39 52 36 84 113 64 72 60
Days Payable 77 70 76 66 48 82 73 82 107 114 122 111
Cash Conversion Cycle 62 62 57 63 69 53 59 100 104 72 48 38
Working Capital Days 16 41 44 5 50 33 70 73 82 81 57 41
ROCE % 22% 19% 21% 22% 24% 21% 18% 17% 12% 5% 11% 8%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
65.07% 65.78% 69.40% 69.40% 69.40% 69.40% 69.41% 69.42% 69.42% 69.00% 69.00% 69.00%
1.93% 1.70% 2.41% 2.69% 2.90% 3.13% 3.18% 3.12% 3.33% 3.39% 3.31% 3.34%
16.94% 17.02% 11.76% 11.76% 11.82% 11.14% 10.40% 10.44% 11.21% 11.48% 11.09% 11.21%
16.06% 15.50% 16.43% 16.15% 15.88% 16.33% 17.01% 17.01% 16.05% 16.13% 16.60% 16.45%
No. of Shareholders 54,44154,08451,44248,05346,15549,70650,00849,26747,51043,62342,82542,141

* 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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