Jagran Prakashan Ltd

₹ 60.1 0.08%
May 16 1:04 p.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 1,585 Cr.
  • Current Price 60.1
  • High / Low 82.0 / 53.2
  • Stock P/E 7.86
  • Book Value 74.7
  • Dividend Yield 0.00 %
  • ROCE 5.12 %
  • ROE 4.54 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.81 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -9.12% over past five years.
  • Company has a low return on equity of 10.16% for last 3 years.
  • Promoters have pledged 99.99% of their holding.
  • Dividend payout has been low at 13.27% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
593 584 514 553 446 191 289 403 406 270 403 519
455 443 424 406 391 225 246 273 317 265 301 351
Operating Profit 138 141 90 147 54 -34 43 129 90 6 101 168
OPM % 23% 24% 17% 27% 12% -18% 15% 32% 22% 2% 25% 32%
13 4 14 10 4 14 11 14 3 20 18 18
Interest 8 9 8 8 8 8 9 8 9 8 8 8
Depreciation 33 36 36 37 37 32 32 32 32 29 30 30
Profit before tax 110 101 60 112 13 -61 13 103 52 -11 82 148
Tax % 36% 35% -110% 27% 40% 27% 23% 25% 31% 38% 25% 26%
Net Profit 66 64 122 76 11 -40 13 78 38 -3 62 109
EPS in Rs 2.24 2.17 4.11 2.59 0.40 -1.41 0.46 2.77 1.35 -0.10 2.35 4.13

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 TTM
1,221 1,356 1,522 1,703 1,770 2,079 2,283 2,304 2,363 2,097 1,289 1,598
867 1,059 1,235 1,336 1,323 1,489 1,643 1,721 1,829 1,665 1,061 1,233
Operating Profit 354 296 286 366 446 590 640 583 534 433 228 365
OPM % 29% 22% 19% 22% 25% 28% 28% 25% 23% 21% 18% 23%
26 46 125 53 112 94 41 47 41 32 42 59
Interest 9 16 31 35 37 55 35 27 26 33 34 33
Depreciation 65 71 126 79 104 122 129 136 128 146 129 120
Profit before tax 306 256 255 306 418 508 517 467 421 286 107 271
Tax % 32% 30% 0% 26% 26% 31% 32% 33% 35% 2% 27%
Net Profit 208 178 255 226 308 351 348 300 261 273 89 206
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 7.73
Dividend Payout % 53% 62% 26% 58% 37% 0% 28% 31% 40% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: -9%
3 Years: -18%
TTM: 20%
Compounded Profit Growth
10 Years: -8%
5 Years: -21%
3 Years: -32%
TTM: 223%
Stock Price CAGR
10 Years: -3%
5 Years: -21%
3 Years: -18%
1 Year: 9%
Return on Equity
10 Years: 16%
5 Years: 12%
3 Years: 10%
Last Year: 5%

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 Sep 2021
63 63 63 62 63 65 65 62 59 56 56 53
Reserves 639 689 869 899 1,071 1,555 2,090 1,977 1,816 1,862 1,940 1,918
Borrowings 192 668 484 490 648 591 308 148 406 281 318 321
352 436 381 471 469 453 748 785 814 738 648 693
Total Liabilities 1,247 1,856 1,801 1,925 2,253 2,664 3,212 2,972 3,096 2,938 2,961 2,985
472 865 778 791 773 1,422 1,492 1,476 1,493 1,455 1,346 1,289
CWIP 52 66 131 114 72 145 76 12 3 2 2 2
Investments 200 252 222 332 357 362 535 523 506 526 839 875
522 672 669 688 1,051 734 1,109 961 1,093 955 774 818
Total Assets 1,247 1,856 1,801 1,925 2,253 2,664 3,212 2,972 3,096 2,938 2,961 2,985

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
233 227 202 331 439 425 477 391 285 404 348
-224 -213 -164 -170 -441 156 -419 102 -58 37 -332
-21 7 -31 -188 17 -573 63 -605 -224 -462 -2
Net Cash Flow -12 22 7 -28 15 7 121 -113 2 -21 15

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
Debtor Days 69 78 77 73 75 79 82 96 98 98 122
Inventory Days 65 61 56 60 54 39 52 36 84 113 64
Days Payable 91 77 70 76 66 48 82 73 82 107 114
Cash Conversion Cycle 43 62 62 57 63 69 53 59 100 104 72
Working Capital Days 20 23 46 49 26 63 61 70 83 86 81
ROCE % 22% 19% 21% 22% 24% 22% 20% 19% 13% 5%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
61.31 61.60 62.10 65.02 65.02 65.07 65.07 65.78 69.40 69.40 69.40 69.40
4.96 4.76 4.44 4.45 3.65 2.36 1.93 1.70 2.41 2.69 2.90 3.13
16.95 24.08 21.53 20.33 17.31 16.99 16.94 17.02 11.76 11.76 11.82 11.14
16.78 9.56 11.93 10.20 14.02 15.58 16.06 15.50 16.43 16.15 15.88 16.33

Documents