Saregama India Ltd

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

Saregama India Ltd

₹ 497 -0.58%
13 Dec - close price
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 ₹ 9,584 Cr.
  • Current Price ₹ 497
  • High / Low ₹ 689 / 326
  • Stock P/E 51.0
  • Book Value ₹ 80.5
  • Dividend Yield 0.81 %
  • ROCE 19.6 %
  • ROE 14.2 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 29.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 36.0%

Cons

  • Promoter holding has decreased over last 3 years: -4.39%

* 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 Multicap 50:25:25 Nifty Smallcap 250 Nifty Total Market Nifty Media BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
145 150 180 166 185 182 204 163 172 204 263 205 242
101 96 129 114 128 119 154 113 111 139 193 154 181
Operating Profit 44 54 51 52 57 63 49 50 61 66 70 51 61
OPM % 31% 36% 29% 31% 31% 35% 24% 31% 35% 32% 27% 25% 25%
5 8 19 10 11 15 17 18 13 15 18 12 13
Interest 1 1 1 1 1 1 2 1 0 1 0 0 0
Depreciation 3 4 4 4 4 6 6 7 8 9 12 13 14
Profit before tax 45 58 64 56 63 71 58 59 66 70 76 51 59
Tax % 25% 25% 25% 26% 25% 26% 25% 27% 27% 25% 29% 27% 24%
34 44 48 42 47 53 44 43 48 52 54 37 45
EPS in Rs 1.94 2.25 2.50 2.17 2.41 2.76 2.27 2.25 2.49 2.71 2.79 1.91 2.33
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
186 177 187 222 218 357 545 521 442 576 737 803 914
170 160 184 209 209 320 507 461 312 377 516 554 666
Operating Profit 16 17 2 13 9 36 38 60 130 199 221 249 248
OPM % 9% 10% 1% 6% 4% 10% 7% 12% 29% 35% 30% 31% 27%
7 11 11 2 13 10 56 11 31 23 54 61 58
Interest 3 3 1 0 2 3 7 7 3 5 6 3 2
Depreciation 13 3 6 5 4 4 3 5 6 13 21 36 47
Profit before tax 7 22 6 9 16 39 85 60 152 204 248 271 256
Tax % -3% 23% -5% 25% 46% 27% 36% 28% 25% 25% 25% 27%
7 17 6 7 9 28 54 44 113 153 185 198 188
EPS in Rs 0.47 1.09 0.39 0.39 0.48 1.64 3.11 2.53 6.47 7.91 9.60 10.24 9.74
Dividend Payout % 32% 14% 39% 38% 31% 18% 10% 6% 31% 38% 31% 39%
Compounded Sales Growth
10 Years: 16%
5 Years: 8%
3 Years: 22%
TTM: 27%
Compounded Profit Growth
10 Years: 28%
5 Years: 30%
3 Years: 21%
TTM: 0%
Stock Price CAGR
10 Years: 44%
5 Years: 65%
3 Years: 2%
1 Year: 34%
Return on Equity
10 Years: 14%
5 Years: 15%
3 Years: 14%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 17 17 17 17 17 17 17 17 17 19 19 19 19
Reserves 95 148 150 157 322 364 411 381 488 1,358 1,323 1,450 1,534
61 13 8 4 3 16 64 10 1 1 1 5 5
71 65 72 89 137 181 217 211 277 309 361 559 749
Total Liabilities 245 244 247 267 480 578 709 620 784 1,688 1,704 2,034 2,307
89 102 84 85 199 197 215 219 226 278 338 742 789
CWIP 0 0 0 0 0 0 0 0 2 2 4 6 0
Investments 40 40 40 40 132 151 148 75 137 676 239 118 137
116 101 124 143 149 230 345 325 420 732 1,124 1,168 1,381
Total Assets 245 244 247 267 480 578 709 620 784 1,688 1,704 2,034 2,307

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
6 27 3 32 -4 -19 -36 79 190 94 93 93
-4 -4 -1 -4 0 0 -6 -5 -136 -630 -154 32
-1 -25 -6 -8 -3 9 38 -72 -49 677 -75 -85
Net Cash Flow 0 -2 -4 20 -7 -10 -4 2 4 142 -136 40

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 72 77 106 76 87 75 74 76 72 68 73 72
Inventory Days 1,030 270 266 376
Days Payable 838 165 114 147
Cash Conversion Cycle 72 77 106 76 87 75 74 76 264 173 226 302
Working Capital Days 44 42 77 23 59 78 120 104 35 84 98 122
ROCE % 8% 14% 4% 11% 7% 11% 20% 15% 34% 23% 19% 20%

Shareholding Pattern

Numbers in percentages

7 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
57.65% 57.65% 58.49% 58.49% 58.49% 58.49% 58.83% 59.09% 59.09% 59.09% 59.22% 59.38%
16.55% 17.09% 17.30% 17.24% 17.47% 17.70% 17.79% 17.12% 16.81% 16.05% 17.22% 17.29%
3.65% 3.09% 2.67% 2.66% 2.65% 2.43% 2.27% 2.38% 2.62% 2.58% 3.22% 4.00%
21.96% 22.07% 21.44% 21.47% 21.23% 21.13% 20.86% 21.15% 21.22% 22.00% 20.07% 19.08%
0.20% 0.10% 0.10% 0.11% 0.15% 0.24% 0.24% 0.26% 0.26% 0.26% 0.26% 0.24%
No. of Shareholders 41,03645,33160,75363,53063,53664,67169,38172,90377,33872,43362,69865,629

* 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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