Jagran Prakashan financials: balance sheet, profit and loss, cash flow

NSE: JAGRANBSE: 532705MediaSmall Cap

Jagran Prakashan Limited · Face value ₹2 · Listed Feb 2006

₹61.85₹0.92 (1.51%)BSE ₹61.83

Share price at the NSE close on 28 Oct 2026. Previous close ₹60.93.

28 Oct: open ₹61.63, high ₹61.90, low ₹60.71

52-week range of traded prices to 28 Oct 2026

₹57.73Low, 26 Oct 2026₹78.90High, 3 Jun 2026

Market cap: ₹1,346 Cr1,300th largest listed
P/E: 7.14
P/B: 0.67
Dividend yield: 16.17%
ROE: 9.5%
ROCE: 8.0%
Debt to equity: 0.02
Volume, NSE: 2,30,73561.0% delivered

Jagran Prakashan's financial statements for the 10 years to Mar 2026, consolidated: the company and its subsidiaries together, with the twelve months to Jun 2026 after them.

10 years at a glance

₹ crore, years to March.Jagran Prakashan annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings

Peak revenue ₹2,363 Cr, year to Mar 2019; lowest ₹1,289 Cr, year to Mar 2021

Operating and net margin, per cent

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 5.9% of operating profit in the first full year.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue1,876
Materials and goods−425
Employee costs−440
Other expenses−762
Operating profit250
Depreciation−86
Other income+123
One-off items0.0
Finance costs−20
Profit before tax267
Tax−82
Joint ventures+0.2
Net profit185

What the company owns

Plant, investments and other assets₹1,350 Cr
Current investments₹773 Cr
Receivables₹440 Cr
Cash and bank₹104 Cr
Inventory₹42 Cr

What pays for it: net worth and liabilities

Net worth₹2,131 Cr
Other liabilities₹412 Cr
Owed to suppliers₹131 Cr
Borrowings₹36 Cr

Jagran Prakashan business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them. A segment at a loss has no share of profit.Jagran Prakashan segment results by quarter

Revenue by segment

₹1,882 CrTotal

Printing.publishing and digital₹1,479 Cr78.6% of total
Others₹229 Cr12.2% of total
FM radio business₹174 Cr9.3% of total

Profit by segment

Printing.publishing and digital₹222 Cr95.6% of total
Others₹10 Cr4.4% of total

Segment results by year

Consolidated, ₹ crore, years to March.

Printing.publishing and digital
Revenue, ₹ crore
1,903
1,743
1,107
1,353
1,504
1,537
1,451
1,479
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
342
291
182
288
247
283
210
222
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Others
Revenue, ₹ crore
148
120
57
98
160
173
207
229
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
3
−2
−10
3
11
3
11
10
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
FM radio business
Revenue, ₹ crore
325
248
128
168
199
229
234
174
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
65
1
−65
−42
−97
−117
−159
−58
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	2,376	2,111	1,292	1,620	1,862	1,939	1,892	1,882
Company revenue, as in its results	2,363	2,097	1,289	1,616	1,856	1,934	1,888	1,876
Revenue	1,903	1,743	1,107	1,353	1,504	1,537	1,451	1,479
Revenue growth	–	−8.4%	−36.5%	22.2%	11.1%	2.2%	−5.6%	1.9%
Profit	342	291	182	288	247	283	210	222
Profit growth	–	−14.8%	−37.4%	57.9%	−14.2%	14.4%	−25.8%	6.1%
Margin	18.0%	16.7%	16.5%	21.3%	16.4%	18.4%	14.4%	15.0%
Return on capital	29.8%	28.1%	20.8%	37.1%	33.8%	39.4%	30.9%	32.3%
Assets	1,424	1,374	1,127	1,092	1,127	1,110	1,051	1,056
Liabilities	276	335	248	315	397	392	374	367
Capital employed	1,148	1,039	879	777	730	718	677	689
Revenue	148	120	57	98	160	173	207	229
Revenue growth	–	−18.7%	−52.9%	72.9%	62.9%	8.2%	19.7%	10.6%
Profit	3	−2	−10	3	11	3	11	10
Profit growth	–	–	–	–	332.0%	−75.3%	296.6%	−5.6%
Margin	1.9%	−1.3%	−17.8%	2.6%	6.9%	1.6%	5.2%	4.4%
Return on capital	5.5%	−3.5%	−33.7%	9.4%	21.4%	5.5%	17.1%	14.5%
Assets	91	84	63	66	88	98	112	126
Liabilities	39	40	33	39	36	49	49	56
Capital employed	51	44	30	27	51	50	63	70
Revenue	325	248	128	168	199	229	234	174
Revenue growth	–	−23.7%	−48.5%	32.0%	18.1%	14.9%	2.6%	−25.6%
Profit	65	1	−65	−42	−97	−117	−159	−58
Profit growth	–	−98.2%	–	–	–	–	–	–
Margin	20.2%	0.5%	−50.8%	−25.0%	−48.7%	−51.3%	−68.0%	−33.1%
Return on capital	7.4%	0.2%	−9.3%	−6.6%	−19.2%	−31.1%	−73.3%	−13.0%
Assets	935	819	747	691	552	434	284	493
Liabilities	51	55	47	50	48	57	67	50
Capital employed	884	764	700	641	504	377	217	443

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March. The last column is the twelve months to Jun 2026, the latest four quarters added.Jagran Prakashan quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019	Mar 2020Filed 29 May	Mar 2021	Mar 2022	Mar 2023Filed 30 May	Mar 2024	Mar 2025	Mar 2026	Jun 2026Twelve months
Revenue from operations	2,283	2,304	2,363	2,097	1,289	1,616	1,856	1,934	1,888	1,876	1,916
	1,643	1,721	1,829	1,665	1,061	1,256	1,602	1,566	1,728	1,627	1,660
Materials and goods bought	652	664	730	601	305	419	552	484	417	425	451
Employee costs	374	–	419	417	371	370	389	411	443	440	443
Other expenses	617	–	680	647	385	468	662	672	869	762	766
Operating profit before depreciation	640	583	534	433	228	360	254	368	160	250	256
Operating margin	28.0%	25.3%	22.6%	20.6%	17.7%	22.3%	13.7%	19.0%	8.5%	13.3%	13.4%
Materials, % of revenue	28.6%	–	30.9%	28.7%	23.7%	25.9%	29.7%	25.0%	22.1%	22.6%	23.5%
Employee costs, % of revenue	16.4%	–	17.7%	19.9%	28.8%	22.9%	20.9%	21.2%	23.4%	23.5%	23.1%
Other expenses, % of revenue	27.0%	–	28.8%	30.8%	29.8%	29.0%	35.7%	34.7%	46.0%	40.6%	40.0%
Depreciation and amortisation	129	136	128	146	129	119	107	208	108	86	83
Operating profit after depreciation	511	447	406	287	99	241	147	160	52	164	172
Other income	41	47	41	32	52	67	106	90	105	123	103
Finance costs	35	27	26	33	34	31	39	28	21	20	18
Profit before one-off items and tax	517	467	421	286	118	276	214	222	136	267	258
One-off items	0	0	0	0	−11	6	39	0	0	0	0
Profit before tax	517	467	421	286	107	282	253	222	136	267	258
	168	156	147	5	29	65	56	58	43	82	78
Current tax	142	146	107	90	66	84	72	70	68	64	67
Deferred tax	25	10	40	−85	−37	−19	−15	−12	−26	18	11
Share of profit of joint ventures and associates	–	0	1	0	0	0	0	0	0	0	0
	348	311	274	281	78	217	197	165	94	185	179
Belonging to the company's shareholders	348	311	261	273	89	222	200	184	131	197	189
Belonging to outside owners of subsidiaries	–	–	14	7	−11	−6	−3	−19	−37	−12	−9
Other comprehensive income	–	–	−2	−4	6	4	−4	−3	−3	2	2
Total comprehensive income	–	–	272	277	85	221	193	162	91	187	182
Net margin	15.2%	13.5%	11.6%	13.4%	6.1%	13.4%	10.6%	8.5%	5.0%	9.9%	9.4%
Net margin without joint ventures and associates	–	13.5%	11.6%	13.4%	6.1%	13.4%	10.6%	8.5%	5.0%	9.8%	–

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2018 they do not, so they are left blank.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2019	Mar 2020Filed 29 May	Mar 2021	Mar 2022	Mar 2023Filed 30 May	Mar 2024	Mar 2025	Mar 2026
	2,102	2,149	2,215	2,352	1,930	2,093	2,074	2,131
	1,876	1,918	1,995	2,137	1,747	1,928	1,947	2,016
Share capital	59	56	56	53	44	44	44	44
Reserves	1,816	1,862	1,940	2,085	1,704	1,885	1,904	1,972
Belonging to outside owners of subsidiaries	226	230	220	214	183	164	127	116
	344	204	264	277	369	179	104	36
Repayable after a year	39	0	262	259	170	93	0	0
Repayable within a year	305	204	2	18	199	86	104	36
	710	579	328	374	688	516	513	428
Trade payables	163	177	96	139	168	170	139	131
Other financial liabilities	185	153	152	153	115	142	145	141
Other liabilities	55	46	66	62	190	105	114	116
Provisions	0	0	0	0	11	13	11	6
Tax owed	2	–	12	1	5	–	0	–
	290	223	445	449	339	243	146	150
Other financial liabilities	0	40	35	58	–	53	66	61
Other liabilities	26	37	23	19	58	–	0	–
Provisions	0	0	0	0	19	21	24	22
Deferred tax	225	146	125	114	92	75	57	66
	3,102	2,951	2,988	3,175	2,958	2,851	2,734	2,709
Held for sale or for a demerger	–	–	–	–	2	5	5	5
	1,879	1,724	2,044	2,279	1,812	1,675	1,240	1,183
Plant in use, after depreciation	572	503	442	382	347	328	390	368
Plant being built	3	2	2	2	2	2	9	–
Intangible assets	493	523	476	376	429	299	86	48
Goodwill	338	338	338	338	271	260	256	256
Intangible assets being developed	0	0	0	0	0	4	3	–
Property held to earn rent	91	91	90	89	21	21	16	16
Investments	274	159	589	873	612	647	358	385
Stakes in joint ventures and associates	12	12	12	97	–	0	7	7
Other financial assets	32	32	34	50	68	57	49	52
Deferred tax	6	13	27	33	28	24	32	22
Other assets	59	51	34	38	34	33	35	28
	1,222	1,227	944	896	1,145	1,171	1,489	1,521
Inventories	168	187	54	82	91	50	59	42
Trade receivables	633	563	432	432	453	487	449	440
Cash and cash equivalents	56	35	50	45	49	67	55	50
Other bank balances	66	6	61	115	7	153	76	54
Current investments	220	356	238	143	409	279	703	773
Loans given	2	3	2	2	2	2	3	3
Other financial assets	19	15	47	28	78	50	66	77
Other assets	58	62	61	49	55	83	78	82
Net debt	2	−193	−85	−26	−96	−320	−730	−841

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021	Mar 2022	Mar 2023Filed 30 May	Mar 2024	Mar 2025	Mar 2026
	348	322	272	297	224	269
	389	420	320	355	120	305
	132	22	−15	−28	−36	−20
Receivables	105	−32	−43	−66	4	−16
Inventories	96	−29	−9	41	−9	17
Payables	−81	44	29	2	−30	−7
Other working capital	13	39	8	−4	−1	−14
Tax paid	−41	−98	−66	−76	−73	−60
Interest paid	0	0	39	28	21	0
Capital spending	5	10	33	35	55	44
Free cash flow	343	312	239	262	169	224
	−332	−204	249	28	−14	−38
Plant and property sold	2	16	61	12	10	9
Interest received	14	24	48	43	49	50
Dividends received	0	0	0	0	0	0
	−2	−123	−517	−307	−222	−236
Borrowings raised	280	0	2	0	0	33
Borrowings repaid	−254	−76	−13	−184	−78	−109
Interest paid	−14	−31	−32	−32	−17	−10
Lease payments	−14	−16	−19	−20	−19	−19
Dividends paid	0	0	105	0	109	131
Shares bought back	0	0	348	0	0	0
Shares issued	0	0	0	0	0	0
Net change in cash	15	−5	4	18	−12	−5

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.Jagran Prakashan dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019	Mar 2020Filed 29 May	Mar 2021	Mar 2022	Mar 2023Filed 30 May	Mar 2024	Mar 2025	Mar 2026
Earnings per share	₹10.69	₹9.96	₹8.65	₹9.32	₹3.16	₹8.41	₹7.61	₹8.44	₹6.02	₹9.05
Diluted earnings per share	₹10.69	₹9.96	₹8.65	₹9.32	₹3.16	₹8.41	₹7.61	₹8.44	₹6.02	₹9.05
Dividend per share	₹3.00	₹3.00	₹3.50	–	–	–	₹4.00	₹5.00	₹6.00	₹10.00
Book value per share	–	–	₹63.28	₹68.23	₹71.73	₹81.07	₹80.28	₹88.59	₹89.46	₹92.60
Dividend payout	28.2%	30.0%	39.8%	–	–	–	43.6%	59.2%	99.7%	110.5%
Shareholder yield	–	–	–	–	0.0%	0.0%	23.7%	0.0%	7.2%	9.8%
Market cap at the year end (₹ crore)	6,277	5,383	3,733	1,340	1,652	1,712	1,913	2,234	1,501	1,329

Ratios

Consolidated, years to March.Jagran Prakashan PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019	Mar 2020Filed 29 May	Mar 2021	Mar 2022	Mar 2023Filed 30 May	Mar 2024	Mar 2025	Mar 2026
Revenue growth	8.4%	0.9%	2.5%	−11.2%	−38.5%	25.3%	14.9%	4.2%	−2.4%	−0.6%
Operating profit growth	8.5%	−8.8%	−8.5%	−18.9%	−47.4%	57.9%	−29.4%	44.9%	−56.4%	55.7%
Net profit growth	−21.8%	−10.5%	−11.8%	2.4%	−72.1%	176.9%	−9.3%	−16.2%	−43.0%	96.9%
Earnings per share growth	−22.0%	−6.8%	−13.2%	7.7%	−66.1%	166.1%	−9.5%	10.9%	−28.7%	50.3%
	–	–	13.9%	14.4%	4.5%	10.8%	10.3%	10.0%	6.8%	9.9%
	–	–	–	0.5 pts	−9.9 pts	6.2 pts	−0.5 pts	−0.3 pts	−3.2 pts	3.2 pts
From the net margin	–	–	–	2.5 pts	−6.8 pts	4.5 pts	−2.3 pts	−1.2 pts	−2.7 pts	3.5 pts
From asset turnover	–	–	–	−1.5 pts	−2.8 pts	1.9 pts	1.3 pts	0.9 pts	0.1 pts	0.2 pts
From borrowing	–	–	–	−0.5 pts	−0.2 pts	−0.2 pts	0.6 pts	0.0 pts	−0.7 pts	−0.5 pts
Return on capital employed	–	–	16.6%	12.2%	4.0%	9.2%	6.4%	7.0%	2.4%	7.6%
Cash conversion	–	–	–	–	444.8%	148.5%	138.0%	180.0%	238.4%	145.2%
Interest cover	14.6	16.5	15.7	8.6	3.0	7.7	3.8	5.8	2.4	8.1
Debt to equity	–	–	0.16	0.10	0.12	0.12	0.19	0.09	0.05	0.02
Receivable days	–	–	98	98	122	98	89	92	87	86
Inventory days	–	–	84	113	64	72	60	38	52	36
Payable days	–	–	82	107	114	122	111	128	122	112
Cash conversion cycle, days	–	–	100	104	72	48	38	2	17	10
Working capital days	–	–	73	79	76	54	37	46	48	49
Asset turnover	–	–	0.76	0.69	0.43	0.52	0.61	0.67	0.68	0.69
Assets per rupee of net worth	–	–	1.65	1.60	1.52	1.49	1.58	1.58	1.44	1.37
Sales per rupee of plant	–	–	4.13	4.17	2.92	4.23	5.34	5.90	4.84	5.10
Capital spending to depreciation	–	–	–	–	0.04	0.09	0.31	0.17	0.51	0.52
Plant being built, % of plant in use	–	–	0.6%	0.4%	0.4%	0.6%	0.5%	0.8%	2.3%	–

No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 7.2%
Cash from operations against operating profit: 107.6%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	−1.2%	7.8%	0.4%
Profit growth, yearly rate	−7.8%	17.3%	−0.5%
Return on equity, average	–	9.6%	8.9%
Return on capital employed, average	–	6.5%	5.7%
Operating margin, average	19.1%	15.4%	13.6%
Net margin, average	10.7%	9.5%	7.8%
Asset turnover, average	–	0.63	0.68
Cash conversion cycle, days, average	–	23	10
Interest cover, average	8.6	5.6	5.4
Debt to equity, average	–	0.09	0.05

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	1,383	789	269
Cash from investing	22	−23	−38
Cash from financing	−1,405	−765	−236
Capital spending	177	134	44
Dividends paid	345	239	131
Shares bought back	348	0	0
Shares issued for cash	0	0	0
Borrowings raised	35	33	33
Borrowings repaid	460	371	109

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	6	7	6	8	8	7
Altman Z-scorePublished threshold 1.1	–	–	6.17	7.04	6.80	6.88	5.53	7.15	8.30	9.60
Beneish M-scorePublished threshold −1.78	–	–	–	–	−3.02	−2.60	−2.82	−2.66	−2.83	−2.58
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	2.07	3.22	−10.56	−5.52	−4.16	−1.69
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	1.91	1.54	1.74	1.78
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	0.24	15.21	−25.40	−9.86	3.18	−5.46	−1.32
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	28.90	−22.11	16.21	−21.03	−32.17	31.46	−30.56
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	0.00	2.37	−1.90	3.03	−0.01	0.60	0.81
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	0.03	0.03	0.04	0.02	0.01	0.05	–
Effective tax ratePublished threshold 17.16 per cent	32.42	33.37	34.94	1.71	26.98	23.18	22.28	26.06	31.31	30.79
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	−11.73	−3.98	−8.17	−22.57	8.42

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
2 Jul 2026	CRISIL Ratings Limited	Bank Facilities	Crisil A1+Review, Re-affirm		50
2 Jul 2026	CRISIL Ratings Limited	Commercial Paper	Crisil A1+Review, Re-affirm		70
2 Jul 2026	CRISIL Ratings Limited	Bank Facilities	Crisil AA+Review, Re-affirm	Stable	36
2 Jul 2026	CRISIL Ratings Limited	Non Convertible Debentures	Crisil AA+Review, Re-affirm	Stable	50

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.