Jagran Prakashan Ltd. share price target and research reports

Name: Latest research reports of Jagran Prakashan Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Jagran Prakashan Ltd.
Rating: 5
Author: ICICI Securities Limited

Latest analyst research reports with target prices and PDF download for JAGRAN, BSE:532705 Jagran Prakashan Ltd.

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Jagran Prakashan Ltd.

27 Oct 2021

71.69

-0.28%

Jagran Prakashan

Buy: Jagran Prakashan Ltd.

Target

ICICI Securities Limited

Revenues at | 270.3 crore were up 33% YoY on a depressed base. Print ad revenue was up 50% YoY (~23% below pre-Covid levels) while radio ad revenue also registered de-growth of 40% on benign base EBITDA was at | 101.4 crore while margins at 25.2%, up ~10.4 percentage...

Jagran Prakashan Ltd. is trading below all available SMAs

Jagran Prakashan Ltd.

01 Jun 2021

71.69

-0.28%

Jagran Prakashan

Buy: Jagran Prakashan Ltd.

Target

ICICI Securities Limited

Jagran indicated that there has been a temporary increase in newsprint prices in Q4FY21 but given the lower pagination and contracted inventory, the impact will be much lower than the price rise. However, as the business scales up some cost like employee and marketing expenses may see some...

Jagran Prakashan Ltd. is trading below all available SMAs

Jagran Prakashan Ltd.

02 Jun 2020

71.69

-0.28%

Jagran Prakashan

Buy: Jagran Prakashan Ltd.

Recommendation Target

ICICI Securities Limited

Print ad revenue was down 24.3% YoY on account of economic slowdown coupled with the lockdown in the last week of March. Circulation was also affected due to supply chain disturbance. It witnessed a decline of 9.6% YoY. The ad spend from corporates has further declined in the current quarter (Q1FY21E-TD) and is minimal at 20% of pre-Covid level. Circulation is slowly regaining lost readership and is currently at 80% of normal levels. We believe the ad scenario will remain challenging in the near term and will only grow slowly if economic sentiments improve. We expect print ad revenues...

Jagran Prakashan Ltd. is trading below all available SMAs

Jagran Prakashan Ltd.

03 Aug 2019

71.69

-0.28%

Market weakness takes toll on earnings; ad outlook uncertain

Buy: Jagran Prakashan Ltd.

Target

Motilal Oswal

Limited earnings support amid weak operating environment: JAGP reported a dismal performance in 1QFY20, in line with other print companies, due to weak market conditions and the limited benefits of softening newsprint prices. Consol. EBITDA declined 14% YoY to INR1.4b (28% beat), with the margin contracting 300bp YoY to 24.2% due to (a) lower revenue (-3% YoY with print ad/circulation revenue down 3%/1%) and (b) lower-than-expected newsprint price decline. Subsequently, PAT was down...

Jagran Prakashan Ltd. is trading below all available SMAs

Jagran Prakashan Ltd.

02 Aug 2019

71.69

-0.28%

Jagran Prakashan

Hold: Jagran Prakashan Ltd.

Target

ICICI Securities Limited

Print suffers due to weak government, auto segment The struggles of the print ad environment were accentuated by the weak government segment, which witnessed a decline owing to election code of conduct and further due to miniscule traction post elections. Moreover, the political segment could not compensate for the loss of revenue from government category, resulting in an overall impact of 5% on print ad. Furthermore, auto, another key category that forms 15-16% of print ad, witnessed a steep decline of 30% during the quarter. On the other hand,...

Jagran Prakashan Ltd. is trading below all available SMAs

Jagran Prakashan Ltd.

30 May 2019

71.69

-0.28%

Jagran Prakashan (4QFY19): Rebound likely! Maintain BUY

Buy: Jagran Prakashan Ltd.

HDFC Securities

JAGP's flagship daily, the Dainik Jagran is the largest read Hindi daily. Led by a recovery in ad revenue growth and benign newsprint costs, we estimate revenue/EBITDA/ PAT to grow at a CAGR of 6/15/18% over FY19-21E. Jagran Prakashans (JAGP) 4QFY19 operating performance was ahead of estimates. This was led by 9% advertising revenue growth in print business (Dainik Jagran 12%), moderate growth in newsprint (NP) prices and other opex YoY. Maintain BUY with TP of Rs 151 (+31%) @ 12x FY21E EPS (a discount of ~25% to 3/5/10 years avg PE).

Jagran Prakashan Ltd. is trading below all available SMAs

Jagran Prakashan Ltd.

30 May 2019

71.69

-0.28%

Better ad environment, softer newsprint prices to aid earnings

Buy: Jagran Prakashan Ltd.

Target

Motilal Oswal

Better ad environment, softer newsprint prices to aid earnings Turnaround in earnings: Bucking the downtrend of the past several quarters, JAGP bounced back with its 4QY19 earnings. Consol. EBITDA grew 15% YoY to INR1.4b (2% beat) with 130bp margin expansion to 23.3%. This was led by twin benefits of (a) healthy 8% YoY growth in consol. revenue to INR5.9b (in-line), and (b) moderating pace of RM cost increase up 12% YoY (Down 7% QoQ). Subsequently, PAT at INR665m, grew 13% YoY (11% miss) led by EBITDA growth, partly offset by high finance cost/taxes. For FY19, revenue grew 3% while...

Jagran Prakashan Ltd. is trading below all available SMAs

Jagran Prakashan Ltd.

05 Feb 2019

71.69

-0.28%

Jagran Prakashan

Hold: Jagran Prakashan Ltd.

Target

ICICI Securities Limited

Jagran Prakashan reported a topline of | 613.8 crore, up 2.6% YoY, largely in line with expectations. Print ad revenues improved by a mere 2.2% YoY (vs. our expectation of 3% YoY improvement) to | 364 crore while circulation revenues were also weak at | 108.0 crore (2.1% YoY decline), possibly on account of clamping down on copies on account of elevated newsprint costs. Radio revenues came in...

Jagran Prakashan Ltd. is trading below all available SMAs

Jagran Prakashan Ltd.

04 Feb 2019

71.69

-0.28%

Print business disappoints; Reversal of newsprint prices to revive earnings

Buy: Jagran Prakashan Ltd.

Target

Motilal Oswal

revenue grew a meager 3% YoY (+11% QoQ) to INR6.1b (in-line), primarily due to weak print revenues. EBITDA at INR1.3b, witnessed a steep 19% YoY decline (9% miss, mainly due to miss on revenue) impacted by 15% YoY increase in RM cost. PAT at INR666m, down 22% YoY (+58% QoQ, 15% miss), was dragged by the EBITDA decline, partly offset by higher other income. For 9MFY19, revenue/EBITDA/PAT grew 1%/-14%/-19% YoY. (1) FY20 ad growth should range between 7-8%, (2) FY20 circulation revenue should witness full impact of the cover price increase, and (3) Expect 10-11% decline in FY20 newsprint cost as benefits from 10- 20% drop in newsprint price will be partly offset by 3-4% increase in circulation copies. We largely maintain our estimates; expect consol.

Jagran Prakashan Ltd. is trading below all available SMAs

Jagran Prakashan Ltd.

27 Dec 2018

71.69

-0.28%

JAGRAN PRAKASHAN LTD

Hold: Jagran Prakashan Ltd.

Recommendation Target

Geojit BNP Paribas

Revenue fell by 2% YoY in Q2FY19 primarily due to weak print advertisement revenue (down 9% YoY) impacted by shift of the festive season to Q3FY19 coupled with lower spend by central government, automobile and education sector. EBITDA declined by 28% YoY and EBITDA margin contracted sharply by 647bps YoY to 18% in Q2FY19 impacted by weak operating performance of Dainik Jagran. We expect overall advertisement revenue to grow at a CAGR of 6% over FY18-20E led by...

Jagran Prakashan Ltd. is trading below all available SMAs

Is Jagran Prakashan Ltd. worth buying?

275 Votes:

Buy 84.73%

Sell 8.73%

Hold 6.55%