Saregama India Ltd

Saregama India is engaged in the business of manufacturing and sale of Music storage device viz. Carvaan, Mini Carvaan, Music Card, Audio Compact Discs, Digital Versatile Discs and dealing with related music rights. The Company is also engaged in production and sale??telecast??broadcast of ??lms??Tv Serials, pre-recorded programmes and dealing in ??lm rights.

Pros:
Company is virtually debt free.
Company is expected to give good quarter
Company has good consistent profit growth of 24.00% over 5 years
Company has been maintaining a healthy dividend payout of 17.76%
Cons:
Company has a low return on equity of 8.96% for last 3 years.

Peer Comparison Sector: Entertainment // Industry: Entertainment / Electronic Media Software

Loading peers table ...

Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
48 54 58 62 84 94 105 111 138 151 124 121
47 52 56 56 77 89 90 138 115 131 108 119
Operating Profit 1 3 2 6 7 5 16 -27 24 19 16 2
OPM % 2% 5% 3% 10% 9% 5% 15% -24% 17% 13% 13% 2%
Other Income 5 2 7 2 3 1 7 43 2 2 12 3
Interest 1 1 0 1 1 1 1 2 2 1 2 2
Depreciation 2 1 0 1 1 1 1 1 1 1 0 1
Profit before tax 4 2 8 7 9 4 21 14 23 19 26 2
Tax % 42% 49% 54% 51% 50% 69% -2% 38% 36% 36% 38% 74%
Net Profit 2 1 4 3 4 1 21 9 15 12 16 0
EPS in Rs 1.20 0.71 2.13 1.90 2.56 0.74 12.33 4.93 8.59 7.06 9.25 0.29
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
137 104 99 132 150 175 168 182 215 208 346 524 534
127 115 94 108 133 156 167 206 200 200 312 492 473
Operating Profit 10 -11 5 24 17 19 1 -24 15 8 34 32 61
OPM % 7% -11% 5% 18% 11% 11% 1% -13% 7% 4% 10% 6% 11%
Other Income 4 21 8 5 6 6 22 45 0 16 14 60 20
Interest 2 4 6 5 4 3 3 1 0 2 3 7 7
Depreciation 3 3 3 22 11 12 3 5 5 4 4 3 3
Profit before tax 9 2 4 2 7 11 17 15 10 17 41 82 70
Tax % 16% 32% 85% -177% 119% -1% 30% -2% 23% 42% 26% 37%
Net Profit 8 1 1 6 -1 11 12 16 8 10 31 52 44
EPS in Rs 5.10 0.93 0.36 3.65 0.00 6.00 6.69 8.71 4.03 5.75 17.52 29.83 25.19
Dividend Payout % 19% 0% 0% 0% -0% 24% 22% 17% 35% 26% 17% 10%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:17.54%
5 Years:25.61%
3 Years:34.64%
TTM:35.22%
Compounded Profit Growth
10 Years:43.02%
5 Years:24.00%
3 Years:62.81%
TTM:22.46%
Stock Price CAGR
10 Years:15.82%
5 Years:18.12%
3 Years:12.35%
1 Year:-39.57%
Return on Equity
10 Years:7.30%
5 Years:8.83%
3 Years:8.96%
Last Year:12.85%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
15 15 17 17 17 17 17 17 17 17 17 17
Reserves 109 110 136 142 141 149 158 169 173 324 365 409
Borrowings 16 50 47 52 48 12 7 4 0 0 13 61
79 67 60 73 63 62 57 64 82 137 178 210
Total Liabilities 218 242 261 285 269 239 240 255 273 478 573 697
88 85 82 98 91 85 89 83 84 198 197 215
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 44 44 42 42 42 42 50 48 48 123 139 137
87 113 137 145 137 113 100 124 141 157 237 345
Total Assets 218 242 261 285 269 239 240 255 273 478 573 697

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-16 -25 -20 11 32 19 24 2 29 -8 -7 -23
6 -1 -0 -5 -3 -4 -14 -1 -1 3 -11 -20
9 29 19 1 -8 -39 -10 -6 -8 -3 9 38
Net Cash Flow -2 3 -1 6 21 -24 -1 -5 20 -8 -9 -5

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 10% 4% 5% 3% 5% 9% 16% 10% 10% 7% 12% 20%
Debtor Days 70 78 59 72 75 80 85 116 84 97 82 79
Inventory Turnover 7.19 5.61 7.18 11.48 12.92 18.90 37.77 53.11 74.47 38.34 12.10 7.51