Jagran Prakashan is a buy: Seshadri Bharathan, KSEMA Fincon Ltd
Next two years will see revenue growth of more than 17% CAGR.
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| Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about Jagran Prakashan.
What is your take on Jagran Prakashan?
Jagran Prakashan is one of the dominant players in the Hindi belt of India. It comes out with a newspaper called Dainik Jagran. It has the advantage of being leader and definitely we are seeing that the advertisement spend in the vernacular medium is increasing.
Jagran is one publication which will benefit out of this. Sense is that next two years will see revenue growth of more than 17% CAGR and the EBITDA margin would be sustained at 30%. So my sense is that the company would be able to maintain their margins and we are looking at target price of around Rs 160 for this stock.
What is your take on Jagran Prakashan?
Jagran Prakashan is one of the dominant players in the Hindi belt of India. It comes out with a newspaper called Dainik Jagran. It has the advantage of being leader and definitely we are seeing that the advertisement spend in the vernacular medium is increasing.
Jagran is one publication which will benefit out of this. Sense is that next two years will see revenue growth of more than 17% CAGR and the EBITDA margin would be sustained at 30%. So my sense is that the company would be able to maintain their margins and we are looking at target price of around Rs 160 for this stock.
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