Jagran Prakashan Limited (JAGRAN) AI Stock Analysis

• Market Cap: ₹13.72B
• Dividend Yield: 15.46%
• Average Volume (3M): 7.45K
• Price to Earnings (P/E): 7.2
• Beta (1Y): 0.82
• Revenue Growth: 0.72%
• EPS Growth: -4.52%
• Country: IN
• Employees: 4,780
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Publishing
• EPS (TTM): 2.49
• Shares Outstanding: 217,654,270
• 10 Day Avg. Volume: 5,124
• 30 Day Avg. Volume: 7,449
• PEG Ratio: -0.40
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.80
• P/FCF Ratio: 8.99
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: ₹70.00 ▼(-3.09% Downside)
• Action: Upgraded Date: 10/28/25
• Date: Action: Upgraded 10/28/25

Jagran Prakashan Limited's stock is supported by a strong valuation with a low P/E ratio and high dividend yield, making it attractive for value and income investors. The technical analysis shows positive momentum, further supporting the stock's outlook. Financial performance is solid, though challenges in revenue and net income margins need to be addressed to enhance long-term growth prospects.

Positive Factors

Diversified revenue mix

Jagran Prakashan’s multi-channel revenue model — print advertising and circulation, digital advertising, radio and allied services — provides structural diversification across formats and audiences. This reduces single-channel exposure and supports stable advertising and consumer revenue over a multi-month horizon.

Robust balance sheet

A strong equity base and manageable leverage give the company financial flexibility to absorb cyclical ad-market shocks, invest in digital transformation, and maintain operations. Durable balance-sheet strength underpins the company’s ability to fund strategic initiatives and sustain dividends over time.

Solid cash generation

Consistent operating cash generation and positive free cash flow indicate the business converts earnings into cash, supporting capital expenditure, content investments and shareholder returns. Strong cash conversion is a durable advantage for funding growth and weathering ad-revenue cyclicality.

Negative Factors

Revenue and margin decline

Falling revenue and compressed net margins signal structural pressure on core publishing economics, likely from shifts in advertiser mix or readership. If sustained, these trends can erode earnings power, constrain reinvestment capacity and weaken long-term profitability resilience.

Negative FCF growth recently

While free cash flow is positive today, declining FCF growth undermines the sustainability of cash returns to shareholders and reduces incremental funding for digital expansion. Persistent negative FCF growth narrows strategic flexibility and raises reliance on existing balance-sheet buffers.

Inconsistent return on equity

Variable ROE points to uneven profitability and execution outcomes across cycles. Inconsistent returns complicate capital allocation decisions and make it harder to forecast long-term shareholder value creation, increasing execution risk for strategic investments in digital and radio growth.

Jagran Prakashan Limited Business Overview & Revenue Model

Company Description

Jagran Prakashan Limited engages in the printing and publication of newspapers and magazines in India. The company operates through Printing, Publishing and Digital; FM Radio Business; and Other segments. It offers Dainik Jagran, a daily newspaper; Inquilab, an Urdu daily newspaper; Sakhi, a Hindi magazine; Khet Khalihaan, a monthly agricultural magazine; Dainik Jagran Inext, a bilingual newspaper; mid-day, a compact newspaper; mid-day Gujarati, a Gujarati newspaper; and Punjabi Jagran, a Punjabi newspaper. The company also operates Jagran English, an English news portal; HerZindagi, an online magazine for women; Mid-day; Gujarati Mid-day, a Gujarati news portal; Nai Dunia, a Hindi news portal; Jagranjosh.com, an education site; Punjabijagran.com, a digital platform for Punjab; The Inquilab, a Urdu news portal; inextLive, an online portal for youth offering news, views, technology, sports, fun and entertainment; Radiocity.in, a web radio station; Vishvas.News, a news website; Onlymyhealth, a portal that offers health information and medical updates; and JagranTV and gaming, which provides in-depth feature video stories. In addition, it offers out-of-home media advertising services, as well as marketing solutions, such as promotional marketing, event management, on-ground activities, corporate events, conventions, product launches, meetings, conferences, exhibitions, contests, shopper and retail marketing; integrated media campaigns; rural marketing; creative services; and public health programs. It also operates 39 radio stations under the Radio City brand name. The company was founded in 1942 and is based in Kanpur, India. Jagran Prakashan Limited is a subsidiary of Jagran Media Network Investment Private Limited.

How the Company Makes Money

Jagran Prakashan Limited generates revenue through multiple streams. The primary source of income comes from advertising, where businesses pay to promote their products and services in the company's print publications and digital platforms. Additionally, the company earns revenue from subscription sales of its newspapers and magazines. Radio broadcasting also contributes to revenue, with advertisements being a key driver. Furthermore, JAGRAN has ventured into digital media, leveraging online content and advertising. Strategic partnerships with various advertisers and brands, along with its strong market presence, significantly enhance its earnings potential. Seasonal and event-based promotions, along with its event management services, add to the overall revenue mix.

Jagran Prakashan Limited Financial Statement Overview

Summary

Jagran Prakashan Limited shows resilience in its financial structure with strong operational efficiencies and a solid balance sheet. However, declining revenue and net income margins pose challenges that need addressing. The company’s ability to maintain robust cash flows despite these challenges is commendable.

Income Statement

Jagran Prakashan Limited has demonstrated a mixed trend in profitability metrics. The Gross Profit Margin has remained strong, indicating effective cost management. However, the Net Profit Margin has decreased over recent years, reflecting pressure on bottom-line profitability. The company experienced a decline in revenue, notably in the most recent year, which could be a concern if the trend continues. Despite these challenges, the EBIT and EBITDA margins remain healthy, suggesting operational efficiency.

Balance Sheet

The company maintains a robust balance sheet with a strong equity base, as evidenced by a high Equity Ratio. The Debt-to-Equity Ratio is moderate, indicating manageable leverage levels. However, the Return on Equity has been inconsistent, reflecting fluctuations in profitability. Overall, the balance sheet shows stability, which is vital for navigating industry challenges.

Cash Flow

Jagran Prakashan Limited's cash flow situation is solid, with positive Free Cash Flow and a strong Operating Cash Flow to Net Income Ratio, indicating good cash generation relative to net income. However, the Free Cash Flow Growth Rate has been negative recently, highlighting potential concerns in sustaining cash flow improvements. The company effectively manages its capital expenditures, which supports its financial flexibility.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	19.04B	18.88B	19.34B	18.56B	16.16B	12.89B
Gross Profit	12.34B	11.70B	5.05B	4.43B	11.78B	2.81B
EBITDA	2.92B	2.66B	3.62B	3.95B	4.32B	2.67B
Net Income	1.57B	1.31B	1.84B	2.00B	2.22B	888.73M
Balance Sheet
Total Assets	0.00	27.34B	28.51B	29.58B	31.75B	29.88B
Cash, Cash Equivalents and Short-Term Investments	8.34B	8.52B	5.14B	4.97B	2.83B	3.43B
Total Debt	0.00	1.86B	2.47B	4.43B	3.52B	3.18B
Total Liabilities	-20.74B	6.60B	7.58B	10.27B	8.23B	7.73B
Stockholders Equity	20.74B	19.47B	19.28B	17.47B	21.37B	19.95B
Cash Flow
Free Cash Flow	0.00	1.69B	2.62B	2.38B	3.11B	3.40B
Operating Cash Flow	0.00	2.24B	2.97B	2.72B	3.22B	3.48B
Investing Cash Flow	0.00	-137.43M	284.94M	2.49B	-2.04B	-3.32B
Financing Cash Flow	0.00	-2.22B	-3.07B	-5.17B	-1.23B	-17.87M

Jagran Prakashan Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 72.23
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JAGRAN, the sentiment is Negative. The current price of 72.23 is above the 20-day moving average (MA) of 64.82, above the 50-day MA of 67.46, and above the 200-day MA of 70.65, indicating a bearish trend. The MACD of -1.33 indicates Positive momentum. The RSI at 26.48 is Positive, neither overbought nor oversold. The STOCH value of 21.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JAGRAN.

Jagran Prakashan Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JAGRAN	76 Outperform	₹13.72B	7.20	―	15.46%	0.72%	-4.52%
SANDHAR	70 Outperform	₹30.38B	24.73	―	0.60%	17.39%	33.63%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SAREGAMA	59 Neutral	₹63.58B	32.87	―	2.59%	26.97%	8.03%
BALAJITELE	57 Neutral	₹12.12B	-12.87	―	―	-50.42%	2921.37%
HMVL	52 Neutral	₹4.86B	142.16	―	―	10.41%	244.34%
SHEMAROO	45 Neutral	₹2.67B	-1.32	―	―	-2.93%	-50.62%

Jagran Prakashan Limited Corporate Events

Jagran Prakashan flags NCLT hearings in boardroom and voting rights dispute

Jagran Prakashan Limited has updated exchanges on ongoing legal proceedings before the National Company Law Tribunal in a governance dispute involving its promoters and key shareholders. The matter centres on a special notice seeking an extraordinary general meeting to vote on the removal of seven independent directors and one whole-time director, along with related disputes over who is authorized to exercise voting rights for a major shareholder entity.

The company, along with Jagran Media Network Investment Private Limited and certain promoter family members, has filed multiple applications contesting the special notice and seeking clarity on voting authority tied to a 2023 board resolution. The NCLT Allahabad has heard arguments on three connected applications, reserved its order and scheduled pronouncement, with final submissions in the underlying company petitions also continuing, leaving board composition and control questions pending for stakeholders until the tribunal’s decision.

Jagran Prakashan Files SEBI Regulation 74(5) Compliance Certificate for December Quarter

Jagran Prakashan Limited has submitted to BSE and NSE a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025, confirming procedural adherence relating to its dematerialised and rematerialised securities. The registrar and share transfer agent, Kfin Technologies Limited, has certified that all required details of securities processed during the quarter have been duly furnished to all stock exchanges where Jagran Prakashan’s shares are listed, underscoring the company’s ongoing regulatory compliance in handling its listed securities.