Jagran Prakashan Ltd
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]
- 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
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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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% |
Documents
Announcements
- Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 22 Nov
- Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 22 Nov
- Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015. 2 Nov
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Announcement under Regulation 30 (LODR)-Investor Presentation
30 Oct - Disclosure of investor Presentation for the quarter ended September 30, 2023
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 Oct - Disclosure under regulation 30 of SEBI (LODR) Regulations, 2015 of Press release for the quarter ended September 30, 2023.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Oct 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Oct 2018Transcript PPT
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Jul 2018Transcript PPT
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May 2018TranscriptNotesPPT
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Nov 2017Transcript PPT
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Aug 2017Transcript PPT
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May 2017TranscriptNotesPPT
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Dec 2016TranscriptPPT
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Dec 2015TranscriptNotesPPT
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Dec 2015TranscriptNotesPPT
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]