Jagran Prakashan Limited (JAGRAN)

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Jagran Prakashan Limited (JAGRAN) · mywealthgrid

About

Print media company with ₹1,360 Cr market cap generating ₹420–500 Cr quarterly revenue at 13–15% operating margins. Operates in Consumer Discretionary; promoter-held at 69% with minimal debt (D/E 0.02).

Founded: 1975
Face value: ₹2

Market cap

₹1,340 Cr

P/E

7.1×

P/B

0.7×

Dividend yield

16.2%

ROE

9.9%

ROCE

12.8%

Debt / equity

0.02

OPM

13.3%

EPS (TTM)

₹8.7

Book value

₹92.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Margin volatility: OPM swings 10–18% across recent quarters; Mar 2026 consolidated quarter posted ₹6 Cr net profit on ₹472 Cr revenue (10% OPM). Verify driver and recurrence risk.
Stock down 13.47% over 1 year despite cheap valuation (PE 7.21); low institutional interest (FII 2.3%, DII 4.29%) may signal hidden structural concerns. Verify what the market perceives.
ROE of 9.94% trails typical equity-capital benchmarks. Verify whether capital is productively deployed or if returns are sustained.
Print-media sector faces secular advertising shift to digital. Verify company's print-vs-digital mix and mitigation strategy.

Generated analysis · source review pending

Growth drivers

Operating margins held 13–15% (average OPM 13.3%) suggest pricing or cost discipline; improvement would flow through to bottom line if ad-spend environment improves. Verify whether margins are structural or cyclical.
Minimal debt (D/E 0.02) provides deployment headroom for capex, M&A, or shareholder returns if management identifies value creation.
Eight dividend payouts over ~18 months and consistent quarterly profitability indicate stable cash generation; verify whether this masks advertising-demand softness.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹61.6-0.7%1Y

Quick read

rule-based

Pros

+Profit CAGR of 17.3% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 14.1×
+Dividend yield of 16.2%
+High promoter holding of 69% with no pledge

Cons

−Low return on equity of 8.9% (3-yr avg)
−Modest revenue growth of 7.8% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

55/100

Business quality: 53
Growth: 12

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1	1	2,304	2,363	2,097	1,289	1,616	1,856	1,934	1,888	1,876
COGS	—	—	664	730	601	305	419	552	484	417	425
Gross profit	—	—	1,640	1,633	1,496	984	1,197	1,304	1,450	1,472	1,452
	—	—	1,057	1,098	1,064	756	837	1,050	1,082	1,311	1,202
	—	—	583	534	433	228	360	254	368	161	250
OPM %	—	—	25.3%	22.6%	20.6%	17.7%	22.3%	13.7%	19.1%	8.5%	13.3%
Depreciation	—	—	136	128	146	129	119	107	208	108	86
Interest	0	0	27	26	33	34	31	39	28	21	20
	—	—	47	41	32	41	72	145	90	105	123
Profit before tax	0	0	467	421	286	107	282	253	223	137	267
Tax	—	—	156	147	5	29	65	56	58	43	82
Tax %	—	—	33.4%	34.9%	1.7%	26.9%	23.2%	22.3%	26%	31.2%	30.8%
	0	0	311	274	281	78	217	197	165	94	185
PAT margin %	17%	15%	13.5%	11.6%	13.4%	6.1%	13.4%	10.6%	8.5%	5%	9.9%
EPS (₹)	—	—	10	8.7	9.3	3.2	8.4	7.6	8.4	6	9.1
EPS adjusted (₹)	0	0	9.6	8.8	9.7	3.2	8.4	9.2	8.4	6	9.1
	—	—	30.1%	40.5%	0%	0%	0%	52.6%	59.2%	0%	99.4%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	63	65	62	59	56	56	53	44	44	44	44
Reserves	1,241	2,090	1,977	1,816	—	1,940	2,085	1,704	1,885	1,904	1,972
Minority interest	9	236	247	226	—	220	214	183	164	127	116
	562	133	148	344	—	268	277	369	179	104	36
	402	714	557	656	—	504	546	659	579	555	542
Total equity & liabilities	2,277	3,239	2,992	3,102	—	2,988	3,175	2,958	2,851	2,734	2,709
	773	1,492	1,386	1,402	1,364	1,256	1,180	1,047	887	731	671
CWIP	72	76	12	3	—	2	2	2	2	9	—
Investments	391	535	523	506	—	929	1,118	1,041	947	1,084	1,181
	1,041	1,136	1,071	1,190	—	801	875	868	1,014	909	856
Total assets	2,277	3,239	2,992	3,102	—	2,988	3,175	2,958	2,851	2,734	2,709

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Printing.publishing and digital	1,478.94	222.37	1,056.43	366.99	689.44	32.25
Others	228.69	10.13

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	69.1%	71.3%	76.3%	74.1%	70.3%	75%	77.9%	77.4%
EBITDA margin %	22.6%	20.6%	17.7%	22.3%	13.7%	19%	8.5%	13.3%
EBIT margin %	17.2%	13.7%	7.7%	14.9%	7.9%	8.3%	2.8%	8.7%
PAT margin %	11.6%	13.4%	6.1%	13.4%	10.6%	8.5%	5%	9.9%
Working capital
Receivable days	98	—	122	98	89	92	87	86
Inventory days	84	—	64	72	60	38	52	36
Payable days	1	—	114	122	111	128	122	112
NWC days	181	—	72	48	38	2	17	10
Leverage
Current ratio	1.72	—	2.87	2.39	1.66	2.27	2.9	3.55
Debt to EBITDA	0.64	—	1.18	0.77	1.45	0.49	0.65	0.14
Debt to equity	0.18	—	0.13	0.13	0.21	0.09	0.05	0.02
Interest coverage	17.3	9.6	4.5	9.8	6.6	9.1	7.4	14.1
Asset turnover	0.76	—	0.43	0.51	0.63	0.68	0.69	0.69
Return ratios
Return on assets %	8.8%	—	2.6%	6.8%	6.7%	5.8%	3.4%	6.8%
Return on capital employed %	18%	—	5.7%	11.3%	10%	10.9%	6.9%	12.8%
Return on equity %	14.6%	—	3.9%	10.1%	11.3%	8.6%	4.8%	9.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	69%	69%	69%	69%	69%	69%	69%	69%	69%	69%	69%	69%
	3.34%	3.53%	3.05%	3.04%	2.48%	2.38%	2.53%	2.7%	2.57%	2.44%	2.24%	2.3%
	11.21%	10.74%	10.61%	9.61%	9.12%	9.16%	8.93%	7.63%	7.58%	7.58%	6.3%	4.29%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	16.45%	16.73%	17.34%	18.35%	19.4%	19.46%	19.54%	20.67%	20.85%	20.98%	22.46%	24.41%
No. of shareholders	—	—	—	—	—	—	—	—	66,174	67,792	71,629	77,927

Promoter holding up 0 percentage points since Sep 2023.

2 deals · 11 Dec 2023 – 11 Dec 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
11 Dec 2023	HDFC MUTUAL FUND - HDFC MID-CAP OPPORTUNITIES FUND	Bulk	NSE	Sell	35,95,948	₹95.66	₹34.40 Cr
11 Dec 2023	HDFC MUTUAL FUND-HDFC MULTI CAP FUND	Bulk	NSE	Buy	32,00,000	₹95.55	₹30.58 Cr

1–2 of 2

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. MAHENDRA MOHAN GUPTANon-Executive - Non Independent Director-Chairperson
Mr. SANJAY GUPTAExecutive Director
Mr. SHAILESH GUPTAExecutive Director
Mr. DHIRENDRA MOHAN GUPTAExecutive Director
Mr. SUNIL GUPTAExecutive Director
Mr. SANDEEP GUPTAExecutive Director
Mr. SATISH CHANDRA MISHRAExecutive Director
Mr. DEVENDRA MOHAN GUPTANon-Executive - Non Independent Director
Mr. SHAILENDRA MOHAN GUPTANon-Executive - Non Independent Director
Mr. SHAILENDRA SWARUPNon-Executive - Independent Director
Mrs. DIVYA KARANINon-Executive - Independent Director

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Schemes holding

across 1 fund houses

Held by these funds

2.76%

of the company's equity

All mutual funds

4.23%

shareholding pattern, Jun 2026

Portfolios as of

June 2026

no prior month

1 schemes

		Shares
Mid Cap Fund	HDFC Mutual Fund	60.14 L	38.8	0.04%	2.763%	—

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

30 announcementsExport CSV

21 Sept 2026, 2:00 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	69.1%	71.3%	76.3%	74.1%	70.3%	75%	77.9%	77.4%
EBITDA margin %	22.6%	20.6%	17.7%	22.3%	13.7%	19%	8.5%	13.3%
EBIT margin %	17.2%	13.7%	7.7%	14.9%	7.9%	8.3%	2.8%	8.7%
PAT margin %	11.6%	13.4%	6.1%	13.4%	10.6%	8.5%	5%	9.9%
Working capital
Receivable days	98	—	122	98	89	92	87	86
Inventory days	84	—	64	72	60	38	52	36
Payable days	1	—	114	122	111	128	122	112
NWC days	181	—	72	48	38	2	17	10
Leverage
Current ratio	1.72	—	2.87	2.39	1.66	2.27	2.9	3.55
Debt to EBITDA	0.64	—	1.18	0.77	1.45	0.49	0.65	0.14
Debt to equity	0.18	—	0.13	0.13	0.21	0.09	0.05	0.02
Interest coverage	17.3	9.6	4.5	9.8	6.6	9.1	7.4	14.1
Asset turnover	0.76	—	0.43	0.51	0.63	0.68	0.69	0.69
Return ratios
Return on assets %	8.8%	—	2.6%	6.8%	6.7%	5.8%	3.4%	6.8%
Return on capital employed %	18%	—	5.7%	11.3%	10%	10.9%	6.9%	12.8%
Return on equity %	14.6%	—	3.9%	10.1%	11.3%	8.6%	4.8%	9.2%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
D.b.corp LimitedDBCORPDBCORP	₹3,076 Cr	₹3,097 Cr	₹2,400 Cr	₹514 Cr	20.7%	₹352 Cr	14.1%	17.9%	14.1%	90
Jagran Prakashan LimitedJAGRANJAGRAN	₹1,340 Cr	₹1,376 Cr	₹1,916 Cr	₹256 Cr	13.3%	₹189 Cr	9.9%	12.8%	9.9%	10
The Sandesh LimitedSANDESHSANDESH	₹752 Cr	₹752 Cr	₹824 Cr	₹9 Cr	19.6%	₹107 Cr	15%	6.8%	4.7%	437
Hindustan Media Ventures LimitedHMVLHMVL	₹571 Cr	₹637 Cr	₹822 Cr	₹83 Cr	15.2%	₹90 Cr	6.6%	11.7%	3.1%	-111
Ht Media LimitedHTMEDIAHTMEDIA	₹521 Cr	₹1,183 Cr	₹1,896 Cr	₹125 Cr	7.2%	₹-10 Cr	-2.7%	9.4%	-3.3%	-73
Citizen Infoline LtdCITIZENCITIZEN	₹87 Cr	₹193 Cr	₹1 Cr	₹-1 Cr	10.7%	₹-0 Cr	7.1%	53.1%	94.7%	27
Encode Packaging India LtdENCODEENCODE	₹4 Cr	₹4 Cr	₹4 Cr	₹0 Cr	—	₹0 Cr	—	0%	0%	—

Date	Category	Subject	Filing
21 Sept 2026, 2:00 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
18 Sept 2026, 8:28 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
18 Sept 2026, 8:20 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
18 Sept 2026, 7:53 pm	Company Update General	Submission Of Summary Of Proceedings Of 50Th Annual General Meeting('AGM') Of The Members Of Jagran Prakashan Limited Held On Friday, 18Th September, 2026	PDF
18 Sept 2026, 7:50 pm	Company Update General	Submission Of Outcome Of The Meeting Of 50Th Annual General Meeting ('AGM') Of The Members Of Jagran Prakashan Limited Held On Friday, 18Th September, 2026	PDF
18 Sept 2026, 7:39 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
18 Sept 2026, 7:21 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
3 Sept 2026, 1:20 pm	Company Update General	Announcement Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	425	477	391	285	404	348	322	272	297	224	269
	156	-419	102	-58	37	-332	-204	249	28	-14	-38
	-573	63	-605	-224	-462	-2	-123	-517	-307	-222	-236
Net cash flow	7	121	-113	2	-21	15	-5	4	18	-12	-5
Free cash flow	—	—	—	—	—	343	312	239	262	169	224
CFO / Operating profit %	—	—	67%	53.3%	93.4%	153%	89.6%	106.9%	80.7%	139.7%	107.6%

Jagran Prakashan Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Credit ratings

19

2

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

FM Radio Business · revenue

Jagran Prakashan Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Dividends19

Board meetings2

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

FM Radio Business · revenue

19

2