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Jagran Prakashan Ltd. Stock Analysis

Small Cap
Evaluated by 2796 users | BSE: 532705 | NSE: JAGRAN |
Printing And Publishing
Jagran Prakashan (JPL), incorporated in 1975, has business interests in area of newspapers, outdoor, internet, magazines, below the line marketing solutions, and mobile value added services. The company publishes Dainik Jagran, a Hindi daily newspaper. Dainik Jagran launched its first edition...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Jagran Prakashan Ltd. has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 25.86%19.64%19.07%17.03%15.2%17.58%18.37%15.59%13.73%16.69%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,1151,2441,4121,5891,6621,7791,9001,8981,9401,772
Y-o-Y Gr. Rt.-11.6%13.5%12.6%4.6%7.1%6.8%-0.1%2.2%-8.6%
Adjusted EPS (Rs.) 6.445.786.576.716.678.199.598.347.069
Y-o-Y Gr. Rt.--10.3%13.7%2.1%-0.6%22.8%17.1%-13%-15.4%27.5%
Book Value per Share (Rs.) 22.1523.7627.7129.0931.6141.5351.0948.8545.2148.78
Adjusted Net Profit 204183218219218268313260209253
Net Op. Cash Flow (Rs. Cr.) 226214208337341368384341192349
Debt to Cash Flow from Ops 0.81.562.391.422.151.030.410.271.530.57
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Jagran Prakashan Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 5.3%1.3%-2.3%-8.6%
Adjusted EPS 3.8%6.2%-2.1%27.5%
Book Value per Share 9.29.1-1.57.9
Share Price -11.1% -24% -41% -38.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 31.0325.1626.1223.4521.9722.3920.716.2714.6218.66
Operating Profit Margin (%) 30.7525.1221.1424.0926.3928.0727.724.6820.9921.15
Net Profit Margin (%) 18.2614.6815.4613.8113.1215.0516.4913.6810.7814.28
Debt to Equity 0.260.440.540.50.710.280.090.060.220.15
Working Capital Days 207236242228212152119141152173
Cash Conversion Cycle 41576259606465707889
Entity Percentage Holding
Promoters 65.07%
Institutions 19.35%
Non-Institutions 15.58%
Pledged *0.000.000.000.000.000.000.000.00100.00100.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Jagran Prakashan Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Jagran Prakashan Ltd. is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Jagran Prakashan Ltd.'s performance infers:

Jagran Prakashan Ltd. earnings have grown by 6.2%, whereas share price has depreciated -24% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Jagran Prakashan Ltd. share prices over the last 10 years. Here is what we found out:

Jagran Prakashan Ltd. share price has depreciated -12.4% annually over the past ten years.

Jagran Prakashan (JPL), incorporated in 1975, has business interests in area of newspapers, outdoor, internet, magazines, below the line marketing solutions, and mobile value added services. The company publishes Dainik Jagran, a Hindi daily newspaper. Dainik Jagran launched its first edition in 1942 in Jhansi and is brainchild of late Puran Chand Gupta.

The newspaper was launched in order to reflect the free voice of the people. Later in the year 1947, the second edition was launched in

Jagran Prakashan (JPL), incorporated in 1975, has business interests in area of newspapers, outdoor, internet, magazines, below the line marketing solutions, and mobile value added services. The company publishes Dainik Jagran, a Hindi daily newspaper. Dainik Jagran launched its first edition in 1942 in Jhansi and is brainchild of late Puran Chand Gupta.

The newspaper was launched in order to reflect the free voice of the people. Later in the year 1947, the second edition was launched in Kanpur. In 1953-56 it established its third and fourth edition in Rewa and Bhopal. In coming years the company expanded its edition network.

Today, company operates through 37 editions from Agra, Aligarh, Bareilly, Moradabad, Dehradun, Haldwani, Dharamshala, Bhopal, Gorakhpur, Hisar, Jammu, Jhansi, Kanpur, Lucknow, New Delhi, Panipat, Allahabad, Varanasi, Bhagalpur, Muzaffarpur, Patnar, Siliguri, Dhanbad, Jamshedpur, Ranchi and Meerut. It has presence in 11 states namely Uttar Pradesh, Uttarakhand, Punjab, Haryana, Bihar, Jharkhand, Himachal Pradesh, Madhya Pradesh, Delhi, West Bengal and Jammu & Kashmir.

Business Area

Its publication covers wide range of subjects such as economics, sports, spirituality, health, literature, kids and supplements, which cover film, travel, entertainment, education and career. The company prints Sakhi, targeted at women readers; Jagran Varshiki, an annual general knowledge digest; Junior Jagran is an example of such a product created by children; I Next is India's first bilingual Hindi daily targeted at the youth and various national and state statistical compilations. The company also publishes City Plus, weekly English tabloid targeted for urban readers.

Jagran Pehel is an initiative focused on creating awareness and advocating of social issues. Being a social marketing arm of JPL, the company has partnered with USAID PSP-One, The World Bank, Breakthrough, UNDP-TAHA, UNFPA and Helpage India, etc.

J9 Ventures, a business division of JPL is engaged in the business of Web, WAP and text-based value-added services, products, platforms and solutions for consumers and corporate customers

The company also has business interest in research. Its Jagran Research Centre has been part of various projects such as accruing vital market data, organizing strategic planning process for improving customer satisfaction and enhancing competitive advantage.

The company also offers outdoor advertising and promotional marketing and event management services through its division Jagran Solutions. Jagran Engage, a newly established division that offers specialized Out of Home advertising services with a Pan-India footprint.

In 2008 JPL formed 50:50 joint venture with Television Eighteen India to form Jagran 18 Publications. This JV will launch newspapers in Indian languages oriented towards financial and economic news.

In 2010 Jagran Prakashan Limited announced the merger of newspaper business of Mid-Day Multimedia Limited WITH ITSELF.
In 2011 it launched Urdu newspaper 'Inquilab' and Punjabi newspaper 'Punjabi Jagran'
In 2012 Jagran Prakashan acquired Suvi Info Management (Indore) Private Limited.

Recognition

Dainik Jagran was voted as the most credible source of news within the print media by a BBC-Reuters study in May 2006.

Dainik Jagran has a readership of 55.7 million as per the Indian Readership Survey, 2008 Round 2.

Dainik Jagran has been the largest read daily of India for the last consecutive 11 rounds as per the Indian Readership Survey.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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