Saregama India Ltd

Saregama India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Saregama India Ltd

₹ 533 -0.78%
21 May 9:59 a.m.
saregama.com BSE: 532163 NSE: SAREGAMA
About

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]

Key Points

Market Position
The company is India’s only entertainment company with IP offerings across media channels (music, films, web series, short-format, and TV serials), delivery platforms (digital and physical), and business models (licensing, advertising, and retail). [1] It owns ~50% of all the music ever recorded in India. [2]

Website BSE NSE
  • Market Cap ₹ 10,287 Cr.
  • Current Price ₹ 533
  • High / Low ₹ 689 / 403
  • Stock P/E 51.3
  • Book Value ₹ 82.0
  • Dividend Yield 0.84 %
  • ROCE 18.0 %
  • ROE 13.1 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 37.6%
  • Debtor days have improved from 63.4 to 44.6 days.
  • Company's median sales growth is 18.8% of last 10 years
  • Company's working capital requirements have reduced from 98.4 days to 75.4 days

Cons

  • Company has a low return on equity of 13.6% over last 3 years.

* 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

Part of Nifty 500 BSE SmallCap Nifty Media BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
180 166 185 182 204 163 172 204 263 205 242 483 241
129 114 128 119 154 113 111 139 193 154 181 399 160
Operating Profit 51 52 57 63 49 50 61 66 70 51 61 84 80
OPM % 29% 31% 31% 35% 24% 31% 35% 32% 27% 25% 25% 17% 33%
19 10 11 15 17 18 13 15 18 12 13 16 23
Interest 1 1 1 1 2 1 0 1 0 0 0 0 5
Depreciation 4 4 4 6 6 7 8 9 12 13 14 15 17
Profit before tax 64 56 63 71 58 59 66 70 76 51 59 84 82
Tax % 25% 26% 25% 26% 25% 27% 27% 25% 29% 27% 24% 26% 27%
48 42 47 53 44 43 48 52 54 37 45 62 60
EPS in Rs 2.50 2.17 2.41 2.76 2.27 2.25 2.49 2.71 2.79 1.91 2.33 3.23 3.12
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
177 187 222 218 357 545 521 442 576 737 803 1,171
160 184 209 209 320 507 461 312 377 516 554 894
Operating Profit 17 2 13 9 36 38 60 130 199 221 249 277
OPM % 10% 1% 6% 4% 10% 7% 12% 29% 35% 30% 31% 24%
11 11 2 13 10 56 11 31 23 54 61 63
Interest 3 1 0 2 3 7 7 3 5 6 3 6
Depreciation 3 6 5 4 4 3 5 6 13 21 36 58
Profit before tax 22 6 9 16 39 85 60 152 204 248 271 276
Tax % 23% -5% 25% 46% 27% 36% 28% 25% 25% 25% 27% 26%
17 6 7 9 28 54 44 113 153 185 198 204
EPS in Rs 1.09 0.39 0.39 0.48 1.64 3.11 2.53 6.47 7.91 9.60 10.24 10.58
Dividend Payout % 14% 39% 38% 31% 18% 10% 6% 31% 38% 31% 39% 42%
Compounded Sales Growth
10 Years: 20%
5 Years: 18%
3 Years: 27%
TTM: 46%
Compounded Profit Growth
10 Years: 40%
5 Years: 36%
3 Years: 10%
TTM: 1%
Stock Price CAGR
10 Years: 42%
5 Years: 82%
3 Years: 9%
1 Year: 26%
Return on Equity
10 Years: 14%
5 Years: 15%
3 Years: 14%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 17 17 17 17 17 17 17 17 19 19 19 19
Reserves 148 150 157 322 364 411 381 488 1,358 1,323 1,450 1,564
13 8 4 3 16 64 10 1 1 1 5 3
65 72 89 137 181 217 211 277 309 361 559 509
Total Liabilities 244 247 267 480 578 709 620 784 1,688 1,704 2,034 2,095
102 84 85 199 197 215 219 226 278 338 742 835
CWIP 0 0 0 0 0 0 0 2 2 4 6 0
Investments 40 40 40 132 151 148 75 137 676 239 118 111
101 124 143 149 230 345 325 420 732 1,124 1,168 1,149
Total Assets 244 247 267 480 578 709 620 784 1,688 1,704 2,034 2,095

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
27 3 32 -4 -19 -36 79 190 94 93 93 331
-4 -1 -4 0 0 -6 -5 -136 -630 -154 32 -221
-25 -6 -8 -3 9 38 -72 -49 677 -75 -85 -99
Net Cash Flow -2 -4 20 -7 -10 -4 2 4 142 -136 40 12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 77 106 76 87 75 74 76 72 68 73 72 45
Inventory Days 1,030 270 266 376
Days Payable 838 165 114 147
Cash Conversion Cycle 77 106 76 87 75 74 76 264 173 226 302 45
Working Capital Days 42 77 23 59 78 120 104 35 84 98 122 75
ROCE % 14% 4% 11% 7% 11% 20% 15% 34% 23% 19% 20% 18%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
58.49% 58.49% 58.49% 58.49% 58.83% 59.09% 59.09% 59.09% 59.22% 59.38% 59.50% 59.65%
17.30% 17.24% 17.47% 17.70% 17.79% 17.12% 16.81% 16.05% 17.22% 17.29% 15.70% 16.45%
2.67% 2.66% 2.65% 2.43% 2.27% 2.38% 2.62% 2.58% 3.22% 4.00% 4.68% 4.63%
21.44% 21.47% 21.23% 21.13% 20.86% 21.15% 21.22% 22.00% 20.07% 19.08% 19.90% 18.97%
0.10% 0.11% 0.15% 0.24% 0.24% 0.26% 0.26% 0.26% 0.26% 0.24% 0.24% 0.30%
No. of Shareholders 60,75363,53063,53664,67169,38172,90377,33872,43362,69865,62973,23272,846

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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