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 ₹ 8,285 Cr.
- Current Price ₹ 429
- High / Low ₹ 466 / 288
- Stock P/E 44.3
- Book Value ₹ 74.3
- Dividend Yield 0.93 %
- ROCE 17.6 %
- ROE 12.8 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 43.8% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 33.4%
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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
161 | 186 | 177 | 187 | 222 | 218 | 357 | 545 | 521 | 442 | 576 | 737 | 744 | |
142 | 170 | 160 | 184 | 209 | 209 | 320 | 507 | 461 | 312 | 377 | 516 | 518 | |
Operating Profit | 19 | 16 | 17 | 2 | 13 | 9 | 36 | 38 | 60 | 130 | 199 | 221 | 226 |
OPM % | 12% | 9% | 10% | 1% | 6% | 4% | 10% | 7% | 12% | 29% | 35% | 30% | 30% |
7 | 7 | 11 | 11 | 2 | 13 | 10 | 56 | 11 | 31 | 23 | 54 | 63 | |
Interest | 4 | 3 | 3 | 1 | 0 | 2 | 3 | 7 | 7 | 3 | 5 | 6 | 5 |
Depreciation | 12 | 13 | 3 | 6 | 5 | 4 | 4 | 3 | 5 | 6 | 13 | 21 | 31 |
Profit before tax | 10 | 7 | 22 | 6 | 9 | 16 | 39 | 85 | 60 | 152 | 204 | 248 | 253 |
Tax % | 91% | -3% | 23% | -5% | 25% | 46% | 27% | 36% | 28% | 25% | 25% | 25% | |
1 | 7 | 17 | 6 | 7 | 9 | 28 | 54 | 44 | 113 | 153 | 185 | 187 | |
EPS in Rs | 0.06 | 0.47 | 1.09 | 0.39 | 0.39 | 0.48 | 1.64 | 3.11 | 2.53 | 6.47 | 7.91 | 9.60 | 9.72 |
Dividend Payout % | 0% | 32% | 14% | 39% | 38% | 31% | 18% | 10% | 6% | 31% | 38% | 31% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 16% |
3 Years: | 12% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | 35% |
5 Years: | 44% |
3 Years: | 59% |
TTM: | -1% |
Stock Price CAGR | |
---|---|
10 Years: | 51% |
5 Years: | 51% |
3 Years: | 36% |
1 Year: | 40% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 15% |
3 Years: | 16% |
Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 90 | 95 | 148 | 150 | 157 | 322 | 364 | 411 | 381 | 488 | 1,358 | 1,323 | 1,416 |
59 | 61 | 13 | 8 | 4 | 3 | 16 | 64 | 10 | 1 | 1 | 1 | 0 | |
68 | 71 | 65 | 72 | 89 | 137 | 181 | 217 | 211 | 277 | 309 | 361 | 370 | |
Total Liabilities | 235 | 245 | 244 | 247 | 267 | 480 | 578 | 709 | 620 | 784 | 1,688 | 1,704 | 1,805 |
96 | 89 | 102 | 84 | 85 | 199 | 197 | 215 | 219 | 226 | 278 | 338 | 375 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 4 | 0 |
Investments | 40 | 40 | 40 | 40 | 40 | 132 | 151 | 148 | 75 | 137 | 676 | 239 | 356 |
100 | 116 | 101 | 124 | 143 | 149 | 230 | 345 | 325 | 420 | 732 | 1,124 | 1,074 | |
Total Assets | 235 | 245 | 244 | 247 | 267 | 480 | 578 | 709 | 620 | 784 | 1,688 | 1,704 | 1,805 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 6 | 27 | 3 | 32 | -4 | -19 | -36 | 79 | 190 | 94 | 93 | |
-3 | -4 | -4 | -1 | -4 | 0 | 0 | -6 | -5 | -136 | -630 | -154 | |
-4 | -1 | -25 | -6 | -8 | -3 | 9 | 38 | -72 | -49 | 677 | -75 | |
Net Cash Flow | -3 | 0 | -2 | -4 | 20 | -7 | -10 | -4 | 2 | 4 | 142 | -136 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 70 | 72 | 77 | 106 | 76 | 87 | 75 | 74 | 76 | 72 | 68 | 73 |
Inventory Days | 289 | 1,030 | 270 | 266 | ||||||||
Days Payable | 672 | 838 | 165 | 114 | ||||||||
Cash Conversion Cycle | -314 | 72 | 77 | 106 | 76 | 87 | 75 | 74 | 76 | 264 | 173 | 226 |
Working Capital Days | 18 | 44 | 42 | 77 | 23 | 59 | 78 | 120 | 104 | 35 | 84 | 98 |
ROCE % | 8% | 8% | 14% | 4% | 11% | 7% | 11% | 20% | 15% | 34% | 23% | 18% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - Depositories and Participants) Regulations, 2018, we are forwarding hererwith a copy of the certificate, received from M/s Link Intime Private Limited, the Registrar and Share …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2d
- Compliance Under Regulation 40(10) Of The SEBI (LODR) Regulations, 2015, ('SEBI Listing Regulations'). 15 Apr
- Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations') For The Financial Year Ended 31St March, 2024. 15 Apr
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1 Apr - Press Release titled - ''Saregama revolutionizes Music Learning with Padhanisa - Learn to sing in Sur with Padhanisa - An AI based Music learning App.''
Annual reports
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Financial Year 2023
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Financial Year 2010
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Financial Year 2010
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Revenue Mix FY23{# https://r.saregama.com/resources/pdf/investor/financials_FY22_23_Q4.pdf#page=7}
Music - 82%
Films/TV Serials -18%