WEBSITE BSE:0 NSE: Inc. Year: 2010 Industry: Printing And Publishing My Bucket: Add Stock
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1. Business Overview
Madhya Pradesh Today Media Ltd. is a media company primarily engaged in the Printing And Publishing sector in India. Based on its name, the company likely operates as a regional news publisher, focusing on the state of Madhya Pradesh. Its core business model involves creating and publishing news, current affairs, and other content, predominantly in print format (e.g., a daily newspaper or magazine). The company generates revenue primarily through advertising sales (display ads, classifieds) placed within its publications and through circulation revenue from the sale of these publications to readers.
2. Key Segments / Revenue Mix
Without specific financial data, the primary segment is likely "Print Media Publishing." This would encompass the production and distribution of its newspaper(s) or magazine(s). While not explicitly stated, it's common for media companies to also have a digital presence (website, app) as an extension of their print operations, which would form a secondary, and likely growing, segment. Historically, revenue for print media companies in India is heavily reliant on advertising (often 70-80% or more), with the remainder coming from circulation.
3. Industry & Positioning
The Indian Printing and Publishing industry is characterized by strong regional players, language diversity, and increasing competition from digital-first media outlets. It faces the global trend of declining print readership and shifting advertising budgets towards digital platforms. Madhya Pradesh Today Media Ltd. is positioned as a regional player within Madhya Pradesh. Its competitive landscape includes national dailies with regional editions, other local newspapers, and a growing number of digital news portals and social media platforms catering to the same audience. Its strength would lie in its local focus and established brand within the state.
4. Competitive Advantage (Moat)
Regional Brand Loyalty: A long-standing regional newspaper can cultivate significant trust and loyalty among its local readership, creating a mental availability advantage.
Local Content Expertise: Deep understanding and coverage of local news, issues, and events that national media might overlook, making it indispensable for local audiences.
Established Distribution Network: An entrenched physical distribution system within Madhya Pradesh for print publications, though this is less of a moat against digital competitors.
Local Advertiser Relationships: Established relationships with local businesses and government bodies for advertising, which can be sticky.
5. Growth Drivers
Digital Transformation: Successful transition and monetization of digital platforms (website, mobile app) to capture online readership and digital advertising spend.
Increased Regional Literacy & Income: Growth in literacy rates and disposable income within Madhya Pradesh could support circulation and advertising.
Hyperlocal Content: Further strengthening focus on hyperlocal news and community-centric content that differentiates it from broader national media.
Government Advertising: Continued or increased advertising spend from state and local government bodies.
Content Diversification: Expanding into new content formats (e.g., video, podcasts) or niche publications (e.g., special interest magazines) relevant to its audience.
6. Risks
Declining Print Readership: A continued structural decline in print readership, mirroring global trends, leading to reduced circulation.
Shift in Advertising Spend: Accelerated migration of advertising budgets from print to digital platforms, impacting primary revenue streams.
Rising Input Costs: Volatility and increases in the cost of raw materials (e.g., newsprint, ink) and distribution can squeeze margins.
Intense Competition: Competition from national newspapers, other regional players, and increasingly, digital news aggregators and social media.
Economic Downturns: Economic slowdowns can lead to reduced corporate advertising spending.
Regulatory Changes: Changes in media ownership laws, content regulations, or advertising policies.
7. Management & Ownership
Specific details about the management quality and ownership structure are not publicly available in this context. However, similar to many regional Indian companies, it is likely promoter-led. The quality of management would hinge on its ability to navigate the challenging landscape of the print media industry, embrace digital innovation, and maintain strong local relevance and financial discipline.
8. Outlook
The outlook for Madhya Pradesh Today Media Ltd. presents a balanced view of challenges and opportunities. The print media industry, globally and in India, faces structural headwinds from declining readership and the shift to digital. For MPTODAY, the key will be its ability to leverage its strong regional brand and local content expertise to maintain its print base while effectively transitioning and monetizing its digital presence. Success hinges on agile management, innovation in content delivery, and a robust strategy to diversify revenue streams beyond traditional print advertising. While the print segment may face continued pressure, a well-executed digital strategy and deep regional connect could allow the company to sustain and potentially grow its audience and revenue in the evolving media landscape.
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Market Cap ₹20 Cr.
Stock P/E 6.3
P/B 0.4
Current Price ₹43.7
Book Value ₹ 97.6
Face Value 10
52W High ₹56.8
Dividend Yield 0%
52W Low ₹ 32.4
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) |
|---|
| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 15 | 15 | 19 | 23 | 28 | 27 | 19 | 20 | 22 | 22 | 22 | |
| Other Income | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | |
| Total Income | 15 | 15 | 19 | 23 | 29 | 28 | 20 | 20 | 22 | 22 | 22 | |
| Total Expenditure | 14 | 14 | 15 | 17 | 21 | 20 | 14 | 14 | 17 | 17 | 17 | |
| Operating Profit | 2 | 2 | 4 | 7 | 8 | 8 | 6 | 6 | 5 | 5 | 5 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | |
| Depreciation | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | -1 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | |
| Profit Before Tax | 1 | 1 | 4 | 4 | 6 | 6 | 4 | 4 | 3 | 4 | 4 | |
| Provision for Tax | 0 | 0 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | |
| Profit After Tax | 0 | 1 | 2 | 3 | 4 | 4 | 3 | 3 | 2 | 3 | 3 | |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit After Adjustments | 0 | 1 | 2 | 3 | 4 | 4 | 3 | 3 | 2 | 3 | 3 | |
| Adjusted Earnings Per Share | 0 | 0 | 0 | 6.7 | 9.8 | 9.5 | 6.7 | 6.6 | 5.3 | 5.5 | 7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 3% | -4% | 4% |
| Operating Profit CAGR | 0% | -6% | -9% | 10% |
| PAT CAGR | 0% | 0% | -6% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 35% | -8% | 17% | NA% |
| ROE Average | 7% | 7% | 8% | 21% |
| ROCE Average | 9% | 10% | 11% | 24% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 2 | 2 | 5 | 22 | 26 | 30 | 33 | 36 | 39 | 41 | 45 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 1 | 1 | 2 | 3 | 2 | 2 | 1 | 1 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -0 | -0 | -0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | -0 |
| Total Current Liabilities | 7 | 7 | 7 | 13 | 13 | 12 | 9 | 10 | 8 | 5 | 4 |
| Total Liabilities | 9 | 9 | 13 | 38 | 42 | 45 | 44 | 47 | 48 | 47 | 49 |
| Fixed Assets | 2 | 2 | 4 | 6 | 8 | 9 | 8 | 7 | 6 | 6 | 6 |
| Other Non-Current Assets | 1 | 1 | 1 | 5 | 6 | 19 | 19 | 19 | 19 | 18 | 18 |
| Total Current Assets | 5 | 6 | 8 | 27 | 29 | 17 | 17 | 21 | 23 | 23 | 25 |
| Total Assets | 9 | 9 | 13 | 38 | 42 | 45 | 44 | 47 | 48 | 47 | 49 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 1 | 2 | 5 | 20 | 16 | 2 | 4 | 4 | 3 | 5 |
| Cash Flow from Operating Activities | 0 | 2 | 5 | 1 | 1 | 3 | 3 | 2 | 1 | 3 | 2 |
| Cash Flow from Investing Activities | -0 | -1 | -2 | -5 | -2 | -14 | -0 | -0 | 0 | -0 | -1 |
| Cash Flow from Financing Activities | -0 | 0 | 1 | 19 | -2 | -2 | -1 | -2 | -2 | -2 | -1 |
| Net Cash Inflow / Outflow | -0 | 1 | 3 | 14 | -4 | -14 | 2 | -0 | -0 | 1 | 0 |
| Closing Cash & Cash Equivalent | 1 | 2 | 5 | 20 | 16 | 2 | 4 | 4 | 3 | 5 | 5 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0 | 0 | 0 | 6.73 | 9.79 | 9.53 | 6.71 | 6.58 | 5.34 | 5.53 | 6.98 |
| CEPS(Rs) | 6.01 | 4.08 | 11.8 | 8.21 | 12.03 | 12.15 | 9.17 | 8.92 | 7.29 | 7.4 | 8.86 |
| DPS(Rs) | 0 | 0 | 0 | 0.5 | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 0 | 0 | 0 | 47.44 | 56.95 | 66.48 | 73.19 | 79.77 | 85.11 | 90.64 | 97.62 |
| Core EBITDA Margin(%) | 11.55 | 9.68 | 21.55 | 26.08 | 24.79 | 26.88 | 27.36 | 28.11 | 21.83 | 22.29 | 20.18 |
| EBIT Margin(%) | 5.1 | 7.76 | 19.94 | 22.91 | 26.04 | 24.78 | 26.59 | 23.5 | 18.67 | 19.21 | 19.37 |
| Pre Tax Margin(%) | 4.45 | 7.05 | 18.46 | 19.58 | 22.43 | 21.61 | 22.56 | 20.81 | 15.89 | 16.71 | 17.32 |
| PAT Margin (%) | 2.73 | 4.29 | 12.34 | 13.61 | 15.96 | 15.94 | 16.29 | 15.01 | 11.18 | 11.72 | 14.7 |
| Cash Profit Margin (%) | 9.46 | 6.5 | 14.96 | 16.6 | 19.61 | 20.32 | 22.28 | 20.32 | 15.26 | 15.68 | 18.65 |
| ROA(%) | 4.9 | 7.24 | 20.56 | 11.94 | 11.13 | 10.03 | 6.93 | 6.62 | 5.15 | 5.32 | 6.62 |
| ROE(%) | 31.36 | 35.48 | 68.65 | 23.31 | 18.76 | 15.44 | 9.61 | 8.61 | 6.48 | 6.29 | 7.42 |
| ROCE(%) | 34.75 | 40.47 | 69.22 | 27.09 | 22.57 | 19 | 12.97 | 11.57 | 9.66 | 9.56 | 9.38 |
| Receivable days | 82.15 | 82.94 | 43.26 | 40.79 | 82.12 | 134.05 | 214.62 | 209.43 | 211.25 | 226.95 | 236.57 |
| Inventory Days | 12.32 | 12.43 | 17.26 | 19.8 | 15.23 | 12.41 | 15.81 | 31.44 | 54.34 | 56.8 | 37.29 |
| Payable days | 45.74 | 34.79 | 77.24 | 40.64 | 27.66 | 44.29 | 109.24 | 84.52 | 50.3 | 51.58 | 18.36 |
| PER(x) | 0 | 0 | 0 | 18.77 | 3.9 | 1.73 | 2.47 | 6.67 | 9.1 | 5.45 | 3.74 |
| Price/Book(x) | 0 | 0 | 0 | 2.66 | 0.67 | 0.25 | 0.23 | 0.55 | 0.57 | 0.33 | 0.27 |
| Dividend Yield(%) | 0 | 0 | 0 | 0.4 | 1.31 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.02 | -0.05 | -0.06 | 2.08 | 0.33 | 0.44 | 0.54 | 1.07 | 1.04 | 0.53 | 0.38 |
| EV/Core EBITDA(x) | 0.2 | -0.46 | -0.28 | 6.98 | 1.13 | 1.5 | 1.65 | 3.7 | 4.56 | 2.28 | 1.67 |
| Net Sales Growth(%) | -1.99 | -1.12 | 25.56 | 18.37 | 24.08 | -2.55 | -31.14 | 6.54 | 8.86 | -1.18 | 0.64 |
| EBIT Growth(%) | -33.3 | 50.55 | 222.47 | 35.99 | 41.04 | -7.26 | -26.11 | -5.87 | -13.5 | 1.68 | 1.46 |
| PAT Growth(%) | -40.93 | 55.31 | 261.12 | 30.5 | 45.51 | -2.65 | -29.62 | -1.83 | -18.92 | 3.59 | 26.21 |
| EPS Growth(%) | 0 | 0 | 0 | 0 | 45.5 | -2.65 | -29.62 | -1.84 | -18.92 | 3.59 | 26.21 |
| Debt/Equity(x) | 0.57 | 0.6 | 0.6 | 0.41 | 0.31 | 0.23 | 0.19 | 0.14 | 0.1 | 0.06 | 0.03 |
| Current Ratio(x) | 0.82 | 0.92 | 1.19 | 2.1 | 2.2 | 1.47 | 1.96 | 2.2 | 2.71 | 4.32 | 5.51 |
| Quick Ratio(x) | 0.75 | 0.83 | 1.01 | 2.01 | 2.12 | 1.41 | 1.86 | 1.93 | 2.25 | 3.81 | 5.14 |
| Interest Cover(x) | 7.82 | 10.93 | 13.45 | 6.88 | 7.21 | 7.8 | 6.59 | 8.75 | 6.71 | 7.69 | 9.46 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0.16 | 0.46 | 0.91 | 0.86 | 0.25 | 0.18 | 0.18 | 0.1 |
| # | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 53.42 | 53.42 | 53.42 | 53.42 | 53.42 | 53.42 | 53.42 | 53.42 | 53.42 | 53.42 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 46.58 | 46.58 | 46.58 | 46.58 | 46.58 | 46.58 | 46.58 | 46.58 | 46.58 | 46.58 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 |
* The pros and cons are machine generated.
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