Saregama India Ltd

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

Saregama India Ltd

₹ 396 0.61%
20 May 9:09 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 ₹ 7,641 Cr.
  • Current Price ₹ 396
  • High / Low ₹ 603 / 306
  • Stock P/E 35.8
  • Book Value ₹ 87.8
  • Dividend Yield 1.13 %
  • ROCE 17.8 %
  • ROE 13.0 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 12.9% 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

Consumer Discretionary Media, Entertainment & Publication Entertainment Media & Entertainment

Part of Nifty 500 Nifty Media BSE Consumer Discretionary Nifty MidSmallcap 400 Nifty Smallcap 250

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
204 163 172 204 263 205 242 483 241 207 230 260 287
154 113 111 139 193 154 181 399 160 151 161 169 166
Operating Profit 49 50 61 66 70 51 61 84 80 55 69 92 121
OPM % 24% 31% 35% 32% 27% 25% 25% 17% 33% 27% 30% 35% 42%
17 18 13 15 18 12 13 16 23 14 11 0 8
Interest 2 1 0 1 0 0 0 0 5 1 1 1 2
Depreciation 6 7 8 9 12 13 14 15 17 17 19 21 24
Profit before tax 58 59 66 70 76 51 59 84 82 51 60 70 103
Tax % 25% 27% 27% 25% 29% 27% 24% 26% 27% 28% 27% 26% 28%
44 43 48 52 54 37 45 62 60 37 44 51 74
EPS in Rs 2.27 2.26 2.49 2.71 2.79 1.91 2.33 3.23 3.12 1.90 2.27 2.66 3.91
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
187 222 218 357 545 521 442 576 737 803 1,171 985
184 209 209 320 507 461 312 377 516 554 894 648
Operating Profit 2 13 9 36 38 60 130 199 221 249 277 337
OPM % 1% 6% 4% 10% 7% 12% 29% 35% 30% 31% 24% 34%
11 2 13 10 56 11 31 23 54 61 63 34
Interest 1 0 2 3 7 7 3 5 6 3 6 5
Depreciation 6 5 4 4 3 5 6 13 21 36 58 82
Profit before tax 6 9 16 39 85 60 152 204 248 271 276 284
Tax % -5% 25% 46% 27% 36% 28% 25% 25% 25% 27% 26% 27%
6 7 9 28 54 44 113 153 185 198 204 206
EPS in Rs 0.39 0.39 0.48 1.64 3.11 2.53 6.47 7.91 9.61 10.25 10.59 10.74
Dividend Payout % 39% 38% 31% 18% 10% 6% 31% 38% 31% 39% 42% 0%
Compounded Sales Growth
10 Years: 16%
5 Years: 17%
3 Years: 10%
TTM: -16%
Compounded Profit Growth
10 Years: 35%
5 Years: 14%
3 Years: 5%
TTM: 12%
Stock Price CAGR
10 Years: 30%
5 Years: 11%
3 Years: 9%
1 Year: -27%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 13%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 17 17 17 17 17 17 17 19 19 19 19 19
Reserves 150 157 322 364 411 381 488 1,358 1,323 1,450 1,564 1,673
8 4 3 16 64 10 1 1 1 5 3 73
72 89 137 181 217 211 277 309 361 559 509 557
Total Liabilities 247 267 480 578 709 620 784 1,688 1,704 2,034 2,095 2,322
84 85 199 197 215 219 226 278 338 742 835 1,031
CWIP 0 0 0 0 0 0 2 2 4 6 0 0
Investments 40 40 132 151 148 75 137 676 239 118 111 379
124 143 149 230 345 325 420 732 1,124 1,168 1,149 912
Total Assets 247 267 480 578 709 620 784 1,688 1,704 2,034 2,095 2,322

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3 32 -4 -19 -36 79 190 94 93 93 331 100
-1 -4 0 0 -6 -5 -136 -630 -154 32 -220 -113
-6 -8 -3 9 38 -72 -49 677 -75 -85 -99 -31
Net Cash Flow -4 20 -7 -10 -4 2 4 142 -136 40 12 -45
Free Cash Flow 0 25 -6 -22 -48 71 168 22 -10 1 170 -114
CFO/OP 499% 336% 83% -24% -61% 168% 156% 76% 73% 58% 149% 49%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 106 76 87 75 74 76 72 68 73 72 45 66
Inventory Days 1,030 270 266 376 161
Days Payable 838 165 114 147 86
Cash Conversion Cycle 106 76 87 75 74 76 264 173 226 302 120 66
Working Capital Days 62 17 55 61 77 98 35 83 98 121 40 86
ROCE % 4% 11% 7% 11% 20% 15% 34% 23% 19% 18% 17% 18%

Insights

In beta
Mar 2015 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Dec 2025
Investment in New Content (Cost + Marketing)
INR Mn

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Number of Songs in Intellectual Property (IP) Library
songs
Television Content Produced (Cumulative)
Hours
Carvaan Sales Units
000s
Number of Artistes Managed
Artistes

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

24 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
58.83% 59.09% 59.09% 59.09% 59.22% 59.38% 59.50% 59.65% 59.65% 59.65% 60.39% 60.84%
17.79% 17.12% 16.81% 16.05% 17.22% 17.29% 15.70% 16.45% 16.68% 16.82% 14.18% 12.18%
2.27% 2.38% 2.62% 2.58% 3.22% 4.00% 4.68% 4.63% 5.23% 5.16% 5.04% 7.10%
20.86% 21.15% 21.22% 22.00% 20.07% 19.08% 19.90% 18.97% 18.11% 18.04% 19.93% 19.42%
0.24% 0.26% 0.26% 0.26% 0.26% 0.24% 0.24% 0.30% 0.34% 0.34% 0.44% 0.44%
No. of Shareholders 69,38172,90377,33872,43362,69865,62973,23272,84670,28171,42772,87268,640

* 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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