Jagran Prakashan Limited (JAGRAN.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+379.0%

₹307.20

vs ₹64.13 price

Levered DCF

₹279.82

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	6.75×	11.58×	12.62×	9.53×	7.72×	18.59×	4.89×	14.18×
P/B	0.66×	0.78×	1.2×	1.09×	0.8×	0.83×	0.7×	1.97×
P/S	0.71×	0.8×	1.2×	1.03×	1.06×	1.28×	0.64×	1.56×
EV / EBITDA	4.21×	6.19×	6.91×	5.82×	4.68×	7.18×	3.41×	7.08×
Gross margin	31.8%	62.0%	26.1%	23.8%	72.9%	21.8%	29.4%	31.7%
Operating margin	12.3%	11.7%	13.5%	12.1%	16.9%	8.4%	14.1%	17.8%
Net margin	10.5%	6.9%	9.5%	10.8%	13.8%	6.9%	13.0%	11.0%
Current ratio	3.56×	2.91×	2.28×	1.67×	2.4×	2.88×	2.12×	1.72×
Debt / equity	0.05×	0.1×	0.13×	0.25×	0.16×	0.16×	0.15×	0.22×
Interest coverage	11.4×	10.32×	10.71×	6.14×	9.2×	3.36×	9.9×	18.08×
Dividend yield	9.8%	7.2%	0.0%	5.5%	0.0%	0.0%	7.8%	2.4%
Payout ratio	66.3%	83.1%	0.0%	52.8%	0.0%	0.2%	37.9%	34.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.8%	6.7%	9.5%	11.4%	10.4%	4.5%	14.3%	13.9%
Return on invested capital	6.9%	6.5%	7.9%	7.0%	7.4%	2.9%	11.2%	9.9%
Return on assets	7.3%	4.8%	6.4%	6.8%	7.0%	3.0%	9.3%	8.4%
Free cash flow yield	19.9%	11.1%	11.3%	12.5%	18.1%	20.6%	27.5%	3.9%
Earnings yield	14.8%	8.6%	7.9%	10.5%	13.0%	5.4%	20.5%	7.0%
Enterprise value	₹13.4B	₹16.5B	₹25B	₹23B	₹20.2B	₹19.2B	₹15.8B	₹40.5B
Net debt / EBITDA	0.02×	0.49×	0.5×	1×	0.71×	1×	0.53×	0.61×
Cash conversion cycle (days)	61	47	71	75	56	120	102	100