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 ₹ 7,011 Cr.
- Current Price ₹ 363
- High / Low ₹ 551 / 269
- Stock P/E 46.0
- Book Value ₹ 71.4
- Dividend Yield 0.83 %
- ROCE 22.2 %
- ROE 16.2 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 78.55% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 24.94%
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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
139 | 161 | 186 | 177 | 187 | 222 | 218 | 357 | 545 | 521 | 442 | 581 | |
135 | 142 | 170 | 160 | 184 | 209 | 209 | 320 | 507 | 461 | 312 | 394 | |
Operating Profit | 4 | 19 | 16 | 17 | 2 | 13 | 9 | 36 | 38 | 60 | 130 | 187 |
OPM % | 3% | 12% | 9% | 10% | 1% | 6% | 4% | 10% | 7% | 12% | 29% | 32% |
7 | 7 | 7 | 11 | 11 | 2 | 13 | 10 | 56 | 11 | 31 | 35 | |
Interest | 5 | 4 | 3 | 3 | 1 | 0 | 2 | 3 | 7 | 7 | 3 | 5 |
Depreciation | 24 | 12 | 13 | 3 | 6 | 5 | 4 | 4 | 3 | 5 | 6 | 13 |
Profit before tax | -18 | 10 | 7 | 22 | 6 | 9 | 16 | 39 | 85 | 60 | 152 | 204 |
Tax % | 22% | 91% | -3% | 23% | -5% | 25% | 46% | 27% | 36% | 28% | 25% | 25% |
Net Profit | -13 | 1 | 8 | 19 | 7 | 7 | 8 | 29 | 54 | 44 | 113 | 153 |
EPS in Rs | -0.77 | 0.06 | 0.47 | 1.09 | 0.39 | 0.39 | 0.48 | 1.64 | 3.11 | 2.52 | 6.46 | 7.91 |
Dividend Payout % | 0% | 0% | 32% | 14% | 39% | 38% | 31% | 18% | 10% | 6% | 31% | 38% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 22% |
3 Years: | 2% |
TTM: | 31% |
Compounded Profit Growth | |
---|---|
10 Years: | 69% |
5 Years: | 79% |
3 Years: | 41% |
TTM: | 36% |
Stock Price CAGR | |
---|---|
10 Years: | 47% |
5 Years: | 70% |
3 Years: | 88% |
1 Year: | 29% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 15% |
3 Years: | 17% |
Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 19 | |
Reserves | 89 | 90 | 95 | 148 | 150 | 157 | 322 | 364 | 411 | 381 | 488 | 1,358 |
59 | 59 | 61 | 13 | 8 | 4 | 3 | 16 | 64 | 10 | 1 | 1 | |
75 | 68 | 71 | 65 | 72 | 89 | 137 | 181 | 217 | 211 | 277 | 309 | |
Total Liabilities | 241 | 235 | 245 | 244 | 247 | 267 | 480 | 578 | 709 | 620 | 784 | 1,688 |
104 | 96 | 89 | 102 | 84 | 85 | 199 | 197 | 215 | 219 | 226 | 279 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 |
Investments | 40 | 40 | 40 | 40 | 40 | 40 | 132 | 151 | 148 | 75 | 137 | 676 |
98 | 100 | 116 | 101 | 124 | 143 | 149 | 230 | 345 | 325 | 420 | 732 | |
Total Assets | 241 | 235 | 245 | 244 | 247 | 267 | 480 | 578 | 709 | 620 | 784 | 1,688 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
9 | 4 | 6 | 27 | 3 | 32 | -4 | -19 | -36 | 79 | 190 | 94 | |
-5 | -3 | -4 | -4 | -1 | -4 | 0 | 0 | -6 | -5 | -136 | -630 | |
3 | -4 | -1 | -25 | -6 | -8 | -3 | 9 | 38 | -72 | -49 | 677 | |
Net Cash Flow | 6 | -3 | 0 | -2 | -4 | 20 | -7 | -10 | -4 | 2 | 4 | 141 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 75 | 70 | 72 | 77 | 106 | 76 | 87 | 75 | 74 | 76 | 72 | 68 |
Inventory Days | 272 | 289 | 1,017 | 269 | ||||||||
Days Payable | 800 | 672 | 828 | 165 | ||||||||
Cash Conversion Cycle | -453 | -314 | 72 | 77 | 106 | 76 | 87 | 75 | 74 | 76 | 262 | 172 |
Working Capital Days | -17 | 18 | 44 | 42 | 77 | 23 | 59 | 78 | 120 | 104 | 35 | 417 |
ROCE % | -8% | 8% | 8% | 14% | 4% | 11% | 7% | 11% | 21% | 15% | 34% | 22% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
10 Jun - Mrs. Kamana Goenka has resigned from the post of Company Secretary and Compliance Officer of the Company due to personal reasons with effect from closure …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Of f f SEBI (LODR) Regulations, 2015 ('Listing Regulations') read with SEBI Circular No. CIR/CFD/CMD1/27/2019 dated February 08, 2019, please find enclosed the Annual Secretarial …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
27 May - The Company shall be participating in the following Investor Conference of B&K Annual Trinity India Conference Mumbai to be held on 1st June 2022. This …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
26 May - Listing Obligations and Disclosures Requirements) Regulations, 2015 and Section 124 of the Companies Act, 2013 read with the relevant rules made thereunder, please find enclosed …
- Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations') 17 May
Annual reports
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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Financial Year 2010
from nse
Concalls
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Transcript - May 22
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Transcript - Jan 22
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Transcript - Dec 21
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Transcript - Oct 21
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Transcript - Jul 21
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Transcript - May 21
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Transcript - Jan 21
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Transcript - Oct 20
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Transcript - Jul 20
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Transcript - Jun 20
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Transcript - Jan 20
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Transcript - Nov 19
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Transcript - Aug 19
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Transcript - May 19
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Transcript - Jan 19
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Transcript - Nov 18
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Transcript - Jul 18
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Transcript - May 18
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Transcript - Jan 18
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Transcript - Oct 17
Business Segments
Music Licensing (46% of sales), Carvaan Product Platform (40% of sales) Film & TV Segment (13% of sales), and Publication- "OPEN" Magazine (1% of sales) as of FY20.