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JAGRAN PRAKASHAN 2019-20 Annual Report Analysis
Tue, 31 Mar

JAGRAN PRAKASHAN has announced its results for the year ended March 2020. Let us have a look at the detailed performance review of the company during FY19-20.

JAGRAN PRAKASHAN Income Statement Analysis

  • Operating income during the year fell 11.2% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 19.8% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 20.3% in FY20 as against 22.5% in FY19.
  • Depreciation charges increased by 13.9% and finance costs increased by 29.0% YoY, respectively.
  • Other income declined by 10.8% YoY.
  • Net profit for the year grew by 2.6% YoY.
  • Net profit margins during the year grew from 11.6% in FY19 to 13.4% in FY20.

JAGRAN PRAKASHAN Income Statement 2019-20

No. of Mths Year Ending 12 Mar-19* 12 Mar-20* % Change
Net Sales Rs m 23,627 20,973 -11.2%
Other income Rs m 438 390 -10.8%
Total Revenues Rs m 24,064 21,363 -11.2%
Gross profit Rs m 5,308 4,258 -19.8%
Depreciation Rs m 1,279 1,458 13.9%
Interest Rs m 259 333 29.0%
Profit before tax Rs m 4,207 2,858 -32.1%
Tax Rs m 1,470 49 -96.7%
Profit after tax Rs m 2,737 2,809 2.6%
Gross profit margin % 22.5 20.3
Effective tax rate % 34.9 1.7
Net profit margin % 11.6 13.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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JAGRAN PRAKASHAN Balance Sheet Analysis

  • The company's current liabilities during FY20 down at Rs 6 billion as compared to Rs 7 billion in FY19, thereby witnessing an decrease of -22.0%.
  • Current assets fell 2% and stood at Rs 12 billion, while fixed assets fell 9% and stood at Rs 18 billion in FY20.
  • Overall, the total assets and liabilities for FY20 stood at Rs 30 billion as against Rs 32 billion during FY19, thereby witnessing a fall of 6%.

JAGRAN PRAKASHAN Balance Sheet as on March 2020

No. of Mths Year Ending 12 Mar-19* 12 Mar-20* % Change
Networth Rs m 18,757 19,185 2.3
 
Current Liabilities Rs m 7,457 5,813 -22.0
Long-term Debt Rs m 386 0 -100.0
Total Liabilities Rs m 32,284 30,298 -6.2
 
Current assets Rs m 12,580 12,294 -2.3
Fixed Assets Rs m 19,705 18,004 -8.6
Total Assets Rs m 32,284 30,298 -6.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



JAGRAN PRAKASHAN Cash Flow Statement Analysis

  • JAGRAN PRAKASHAN's cash flow from operating activities (CFO) during FY20 stood at Rs 4 billion, an improvement of 42.0% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY20 stood at Rs 371 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY20 stood at Rs -5 billion on a YoY basis.
  • Overall, net cash flows for the company during FY20 stood at Rs -213 million from the Rs 24 million net cash flows seen during FY19.

JAGRAN PRAKASHAN Cash Flow Statement 2019-20

Particulars No. of months 12 12 % Change
Year Ending Mar-19 Mar-20
Cash Flow from Operating Activities Rs m 2,846 4,041 42.0%
Cash Flow from Investing Activities Rs m -577 371 -
Cash Flow from Financing Activities Rs m -2,245 -4,624 -
Net Cash Flow Rs m 24 -213 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for JAGRAN PRAKASHAN

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 10.0, an improvement from the EPS of Rs 9.2 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 45.6, stands at 4.3 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.6 times, while the price to sales ratio stands at 0.6 times.
  • The company's price to cash flow (P/CF) ratio stood at 5.3 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-19* 12 Mar-20*
Sales per share (Unadj.) Rs 79.7 74.6
TTM Earnings per share Rs 9.2 10.0
Diluted earnings per share Rs 10.4 10.7
Price to Cash Flow x 8.1 5.3
TTM P/E ratio x 11.9 4.3
Price / Book Value ratio x 2.1 1.2
Market Cap Rs m 39,690 22,665
Dividends per share (Unadj.) Rs 3.5 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for JAGRAN PRAKASHAN

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 2.1x during FY20, from 1.7x during FY19. The current ratio measures the company's ability to pay short-term and long-term obligations.

    Interest Coverage Ratio: The company's interest coverage ratio deteriorated and stood at 9.6x during FY20, from 17.3x during FY19. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company improved and stood at 14.6% during FY20, from 14.6% during FY20. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

    Return on Capital Employed (ROCE): The ROCE for the company declined and down at 16.6% during FY20, from 23.3% during FY19. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

    Return on Assets (ROA): The ROA of the company improved and stood at 10.4% during FY20, from 9.3% during FY19. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-19* 12 Mar-20*
Current ratio x 1.7 2.1
Debtors’ Days Days 978 980
Interest coverage x 17.3 9.6
Debt to equity ratio x 0.0 0.0
Return on assets % 9.3 10.4
Return on equity % 14.6 14.6
Return on capital employed % 23.3 16.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how JAGRAN PRAKASHAN has performed over the last 5 years, please visit here.

JAGRAN PRAKASHAN Share Price Performance

Over the last one year, JAGRAN PRAKASHAN share price has moved down from Rs 123.5 to Rs 45.6, registering a loss of Rs 77.9 or around 63.1%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 6,403.4 (up 2.8%). Over the last one year it has moved down from 7,621.8 to 6,403.4, a loss of 1,218 points (down 16.0%).

Overall, the S&P BSE SENSEX is down 24.2% over the year.

(To know more, check out historical annual results for JAGRAN PRAKASHAN and quarterly results for JAGRAN PRAKASHAN)

Annual Report FAQs

What is the current share price of JAGRAN PRAKASHAN?

JAGRAN PRAKASHAN currently trades at Rs 102.7 per share. You can check out the latest share price performance of JAGRAN PRAKASHAN here...

What was the revenue of JAGRAN PRAKASHAN in FY20? How does it compare to earlier years?

The revenues of JAGRAN PRAKASHAN stood at Rs 21,363 m in FY20, which was down -11.2% compared to Rs 24,064 m reported in FY19.

JAGRAN PRAKASHAN's revenue has grown from Rs 21,328 m in FY16 to Rs 21,363 m in FY20.

Over the past 5 years, the revenue of JAGRAN PRAKASHAN has grown at a CAGR of 0.0%.

What was the net profit of JAGRAN PRAKASHAN in FY20? How does it compare to earlier years?

The net profit of JAGRAN PRAKASHAN stood at Rs 2,809 m in FY20, which was up 2.6% compared to Rs 2,737 m reported in FY19.

This compares to a net profit of Rs 3,109 m in FY18 and a net profit of Rs 3,493 m in FY17.

Over the past 5 years, JAGRAN PRAKASHAN net profit has grown at a CAGR of -2.2%.

What does the cash flow statement of JAGRAN PRAKASHAN reveal?

The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.

This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.

The cash flow statement of JAGRAN PRAKASHAN reveals:

  • Cash flow from operations increased in FY20 and stood at Rs 4,041 m as compared to Rs 2,846 m in FY19.
  • Cash flow from investments increased in FY20 and stood at Rs 371 m as compared to Rs -577 m in FY19.
  • Cash flow from financial activity decreased in FY20 and stood at Rs -4,624 m as compared to Rs -2,245 m in FY19.

Here's the cash flow statement of JAGRAN PRAKASHAN for the past 5 years.

(Rs m)FY16FY17FY18FY19FY20
From Operations4,2454,7743,9072,8464,041
From Investments1,555-4,1931,017-577371
From Financial Activity-5,728631-6,053-2,245-4,624
Net Cashflow721,212-1,12924-213

What does the Key Ratio analysis of JAGRAN PRAKASHAN reveal?

Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.

The ratio/financial analysis of JAGRAN PRAKASHAN reveals:

  • Operating profit margins witnessed a fall and stood at 20.3% in FY20 as against 22.5% in FY19.
  • Net profit margins grew from 11.6% in FY19 to 13.4% in FY20.
  • Debt to Equity ratio for FY20 stood at 0.0 as compared to 0.0 in FY19.

Here's the ratio/financial analysis of JAGRAN PRAKASHAN for the past 5 years.

 FY16FY17FY18FY19FY20
Operating Profit Margin (%)28.228.025.322.520.3
Net Profit Margin (%)14.815.313.511.613.4
Debt to Equity Ratio (x)0.20.00.00.00.0

Read: Latest Annual Report Analysis of JAGRAN PRAKASHAN

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