Jagran Prakashan Ltd

Jagran Prakashan Ltd

₹ 83.9 1.17%
22 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

A) 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 largest Hindi daily newsprint and its Urdu paper Inquilab is the leading Urdu newspaper in India. [1] [2]

  • Market Cap 1,827 Cr.
  • Current Price 83.9
  • High / Low 130 / 82.0
  • Stock P/E 7.50
  • Book Value 72.8
  • Dividend Yield 5.96 %
  • ROCE 18.0 %
  • ROE 14.8 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.15 times its book value
  • Stock is providing a good dividend yield of 5.96%.
  • Company has been maintaining a healthy dividend payout of 27.5%

Cons

  • The company has delivered a poor sales growth of -3.29% over past five 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
347 445 366 394 392 417 392 386 391 434 430 370 376
249 295 282 321 310 345 322 323 326 341 321 312 312
Operating Profit 98 150 85 73 82 71 70 62 65 93 110 58 64
OPM % 28% 34% 23% 18% 21% 17% 18% 16% 17% 22% 26% 16% 17%
13 14 12 8 14 16 47 16 12 20 17 16 20
Interest 7 7 7 7 9 9 8 5 3 4 5 2 2
Depreciation 15 15 16 13 13 12 11 13 13 14 14 12 13
Profit before tax 90 143 75 60 74 67 97 61 60 97 108 60 69
Tax % 25% 25% 19% 25% 25% 25% 20% 22% 25% 23% 28% 26% 31%
67 106 60 45 55 50 78 47 45 74 78 44 47
EPS in Rs 2.54 4.04 2.29 1.71 2.10 1.90 2.96 2.18 2.06 3.40 3.59 2.02 2.18
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,412 1,589 1,662 1,754 1,864 1,868 1,940 1,772 1,133 1,401 1,594 1,641 1,611
1,122 1,224 1,227 1,255 1,337 1,400 1,533 1,397 879 1,044 1,298 1,311 1,285
Operating Profit 290 365 435 499 526 468 407 375 254 357 296 330 326
OPM % 21% 23% 26% 28% 28% 25% 21% 21% 22% 25% 19% 20% 20%
28 52 30 49 40 27 25 18 27 56 85 65 74
Interest 29 33 35 57 20 12 20 21 28 28 33 16 13
Depreciation 69 73 95 84 82 82 75 84 69 60 49 53 53
Profit before tax 220 312 335 407 465 401 338 288 184 325 299 325 333
Tax % -0% 25% 33% 33% 32% 34% 35% 9% 26% 24% 23% 25%
221 233 224 272 316 266 220 262 136 248 229 245 244
EPS in Rs 6.64 7.13 6.84 8.31 9.67 8.54 7.42 9.33 4.87 9.42 8.67 11.23 11.19
Dividend Payout % 30% 56% 51% 0% 31% 35% 47% 0% 0% 0% 38% 45%
Compounded Sales Growth
10 Years: 0%
5 Years: -3%
3 Years: 13%
TTM: 2%
Compounded Profit Growth
10 Years: 1%
5 Years: 1%
3 Years: 22%
TTM: 10%
Stock Price CAGR
10 Years: -5%
5 Years: 8%
3 Years: 8%
1 Year: -14%
Return on Equity
10 Years: 16%
5 Years: 14%
3 Years: 14%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 66 65 65 65 65 62 59 56 56 53 44 44 44
Reserves 853 886 968 1,292 1,605 1,459 1,281 1,315 1,438 1,609 1,318 1,560 1,542
497 478 731 378 156 91 293 232 277 316 327 128 68
347 444 449 289 386 431 470 438 390 399 530 483 636
Total Liabilities 1,764 1,874 2,214 2,025 2,213 2,043 2,104 2,042 2,160 2,377 2,219 2,215 2,290
504 507 498 704 715 740 728 715 659 635 548 522 525
CWIP 131 114 72 79 76 12 3 2 2 2 2 6 7
Investments 477 596 630 677 757 601 569 567 905 1,085 1,062 944 924
653 656 1,014 565 665 690 803 758 595 655 607 743 833
Total Assets 1,764 1,874 2,214 2,025 2,213 2,043 2,104 2,042 2,160 2,377 2,219 2,215 2,290

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
208 337 341 368 384 341 192 349 350 304 255 264
-173 -148 -438 -17 -93 113 26 -3 -355 -194 254 42
-3 -216 109 -353 -246 -494 -217 -357 16 -113 -502 -292
Net Cash Flow 32 -27 12 -2 44 -39 1 -12 11 -3 6 15

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 78 75 77 73 81 92 91 90 109 88 83 86
Inventory Days 53 56 50 36 49 35 85 114 62 72 57 37
Days Payable 64 71 62 31 60 62 70 95 99 104 98 113
Cash Conversion Cycle 67 59 65 78 69 66 105 109 72 55 42 11
Working Capital Days 48 45 6 60 47 65 78 77 64 46 21 35
ROCE % 19% 22% 22% 24% 26% 23% 21% 18% 11% 18% 16% 18%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
69.40% 69.40% 69.41% 69.42% 69.42% 69.00% 69.00% 69.00% 69.00% 69.00% 69.00% 69.00%
2.90% 3.13% 3.18% 3.12% 3.33% 3.39% 3.31% 3.34% 3.54% 3.05% 3.04% 2.48%
11.82% 11.14% 10.40% 10.44% 11.21% 11.48% 11.09% 11.21% 10.74% 10.61% 9.62% 9.12%
15.88% 16.33% 17.01% 17.01% 16.05% 16.13% 16.60% 16.45% 16.72% 17.33% 18.36% 19.43%
No. of Shareholders 46,15549,70650,00849,26747,51043,62342,82542,14143,29148,72650,93552,948

* 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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