Saregama India Ltd
Saregama is the oldest music label company from India (established 1902, erstwhile "Gramophone Company of India" & then "HMV"). The company is aiming to be a pure-play content company supported by the global consumption boom. [1]
Since 2017, Saregama has been making headlines again owing to the launch of two unique initiatives, Saregama Carvaan and Yoodlee Films. [2]
- Market Cap ₹ 6,704 Cr.
- Current Price ₹ 347
- High / Low ₹ 466 / 288
- Stock P/E 37.1
- Book Value ₹ 73.9
- Dividend Yield 1.15 %
- ROCE 17.3 %
- ROE 12.6 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 41.0% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 34.4%
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Entertainment Industry: Entertainment / Electronic Media Software
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
150 | 175 | 168 | 182 | 215 | 208 | 346 | 524 | 500 | 434 | 568 | 695 | 722 | |
133 | 156 | 142 | 164 | 200 | 200 | 312 | 492 | 435 | 309 | 382 | 479 | 501 | |
Operating Profit | 17 | 19 | 26 | 18 | 15 | 8 | 34 | 32 | 65 | 125 | 186 | 216 | 221 |
OPM % | 11% | 11% | 15% | 10% | 7% | 4% | 10% | 6% | 13% | 29% | 33% | 31% | 31% |
6 | 6 | -3 | 4 | 0 | 16 | 14 | 60 | 11 | 29 | 33 | 53 | 61 | |
Interest | 4 | 3 | 3 | 1 | 0 | 2 | 3 | 7 | 7 | 3 | 5 | 6 | 5 |
Depreciation | 11 | 12 | 3 | 5 | 5 | 4 | 4 | 3 | 4 | 5 | 13 | 21 | 31 |
Profit before tax | 7 | 11 | 17 | 15 | 10 | 17 | 41 | 82 | 66 | 145 | 202 | 243 | 246 |
Tax % | 119% | -1% | 30% | -2% | 23% | 42% | 26% | 37% | 26% | 26% | 26% | 26% | |
-1 | 11 | 12 | 16 | 8 | 10 | 31 | 52 | 49 | 107 | 150 | 180 | 181 | |
EPS in Rs | -0.08 | 0.63 | 0.69 | 0.90 | 0.43 | 0.57 | 1.75 | 2.98 | 2.82 | 6.15 | 7.79 | 9.35 | 9.35 |
Dividend Payout % | 0% | 24% | 22% | 17% | 35% | 26% | 17% | 10% | 5% | 33% | 38% | 32% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 15% |
3 Years: | 12% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 30% |
5 Years: | 41% |
3 Years: | 51% |
TTM: | -4% |
Stock Price CAGR | |
---|---|
10 Years: | 50% |
5 Years: | 44% |
3 Years: | 32% |
1 Year: | 11% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 15% |
3 Years: | 16% |
Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 19 | 19 | 19 |
Reserves | 141 | 149 | 158 | 169 | 173 | 324 | 365 | 409 | 396 | 492 | 1,353 | 1,313 | 1,406 |
48 | 12 | 7 | 4 | 0 | 0 | 13 | 61 | 7 | 1 | 1 | 1 | 0 | |
60 | 62 | 57 | 64 | 82 | 127 | 169 | 205 | 199 | 264 | 298 | 351 | 359 | |
Total Liabilities | 266 | 240 | 239 | 255 | 273 | 468 | 564 | 692 | 619 | 775 | 1,672 | 1,684 | 1,785 |
91 | 85 | 89 | 83 | 84 | 198 | 197 | 215 | 219 | 226 | 278 | 338 | 375 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 4 | 0 |
Investments | 42 | 42 | 50 | 48 | 48 | 123 | 139 | 137 | 80 | 135 | 670 | 228 | 346 |
134 | 113 | 100 | 124 | 141 | 147 | 229 | 340 | 320 | 412 | 723 | 1,114 | 1,064 | |
Total Assets | 266 | 240 | 239 | 255 | 273 | 468 | 564 | 692 | 619 | 775 | 1,672 | 1,684 | 1,785 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
32 | 19 | 24 | 2 | 29 | -8 | -7 | -23 | 85 | 187 | 96 | 94 | |
-3 | -4 | -14 | -1 | -1 | 3 | -11 | -20 | -10 | -138 | -632 | -153 | |
-8 | -39 | -10 | -6 | -8 | -3 | 9 | 38 | -72 | -47 | 677 | -75 | |
Net Cash Flow | 21 | -24 | -1 | -5 | 20 | -8 | -9 | -5 | 2 | 3 | 141 | -134 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 75 | 80 | 85 | 116 | 84 | 97 | 82 | 79 | 80 | 75 | 69 | 79 |
Inventory Days | 264 | 1,012 | 268 | 311 | ||||||||
Days Payable | 683 | 813 | 160 | 129 | ||||||||
Cash Conversion Cycle | -345 | 80 | 85 | 116 | 84 | 97 | 82 | 79 | 80 | 274 | 177 | 261 |
Working Capital Days | 58 | 58 | 54 | 93 | 35 | 74 | 89 | 128 | 115 | 40 | 87 | 105 |
ROCE % | 5% | 9% | 16% | 10% | 10% | 7% | 12% | 20% | 16% | 32% | 22% | 17% |
Documents
Announcements
- Closure of Trading Window 18h
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Company shall be participating in Arihant Capital Investor Conference.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
23 Feb - Company shall be participating in JM Financial India Conference
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 15 Feb
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Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Feb - Copies of Newspaper Publication as published in all the editions of Financial Express and Aajkal in connection with declaration of Interim dividend, Fixation of Record …
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Sep 2023TranscriptNotesPPT
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May 2023Transcript PPT REC
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Nov 2018Transcript PPT
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Jul 2018Transcript PPT
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May 2018Transcript PPT
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Jan 2018Transcript PPT
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Oct 2017Transcript PPT
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Aug 2017TranscriptNotesPPT
Revenue Mix FY23{# https://r.saregama.com/resources/pdf/investor/financials_FY22_23_Q4.pdf#page=7}
Music - 82%
Films/TV Serials -18%