Saregama India Ltd logo

Saregama India Ltd

SAREGAMA NSE

Key Fundamentals

MicrocapMedia & EntertainmentMedia
Market Cap
₹10,045 Cr
Volatility
Moderate
P/E Ratio
44.65
EBITDA
₹328 Cr
Return on Equity
12.87%
Debt to Equity
0.04
Book Value
₹82.04
EPS
₹9.9
52W High
₹574.5
52W Low
₹307.05

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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59 extracted metrics + investor summaries across FY14–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 41.1%

Weaknesses

1
  • Company has a low return on equity of 12.9% over last 3 years.

Growth Rate

Revenue Growth
-19.91% ↘
Net Income Growth
4.58% ↗
Cash Flow Change
255.17% ↗
ROE
-4.10% ↗
ROCE
6.53% ↗
EBITDA Margin (Avg.)
17.21% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 42d ago
AI opinion · based on fundamentals
Risk medium

Saregama India Ltd is a nearly debt-free company with a market cap of ₹9,249 Cr trading at a PE of 45.4x. While long-term profit growth has been strong at 35% CAGR over 10 years, TTM sales have declined 16% and ROE remains moderate at around 13%.

Bull Case 8
  • Company is almost debt-free, providing financial flexibility and low interest burden
  • 10-year compounded profit growth of 35% CAGR demonstrates strong long-term earnings trajectory
  • 10-year compounded sales growth of 16% CAGR reflects sustained revenue expansion over a decade
  • Healthy dividend payout ratio of 41.1% signals shareholder-friendly capital allocation
  • 5-year compounded sales growth of 17% CAGR indicates solid medium-term business momentum
  • 5-year compounded profit growth of 14% CAGR shows consistent earnings compounding
  • 10-year stock CAGR of 33% demonstrates significant long-term wealth creation for shareholders
  • TTM profit growth of 12% shows earnings resilience even as revenue contracts
Bear Case 8
  • TTM sales growth of -16% signals a sharp recent revenue decline that may indicate demand weakness or one-off headwinds
  • PE ratio of 45.4x is elevated, implying the stock prices in significant future growth that may not materialize
  • ROE of approximately 13% over 3 and 5 years is modest for a company trading at 5.92x price-to-book
  • 3-year compounded profit growth has slowed to just 5% CAGR versus 35% over 10 years, suggesting earnings growth deceleration
  • 1-year stock return of -2% indicates the market has de-rated the stock amid slowing fundamentals
  • Price-to-book ratio of 5.92x is high relative to the 12.9% trailing ROE, suggesting stretched valuation versus returns generated
  • 3-year stock CAGR of only 8% versus 10-year CAGR of 33% shows significant momentum deterioration in recent years
  • Dividend yield of 0.93% offers limited income cushion at current valuation levels

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 42d ago
Neutral 3
  • New CFO appointed from Jul 15 Jun 24

    Abhishek Kapoor appointed as CFO effective July 15, 2026. Kuldeep Kothari serves as Interim CFO until July 14, 2026.

  • Promoter holdings with no encumbrance Jun 22

    Quest Capital (93.49 lakh shares), Sarala Real Estate (5.10 lakh shares), and STEL Holdings (8.52 lakh shares) all confirmed zero encumbrance on their Saregama holdings as of March 31, 2026.

  • FY26 XBRL filing revised for errors Jun 15

    Saregama revised its FY26 XBRL filing to correct EPS rounding and RPT disclosure errors. Changes are clerical with no impact on financial results.

TL;DR: A quiet period for Saregama India with no material positive or negative catalysts. Recent news is limited to a CFO transition, routine promoter disclosures confirming no share encumbrance, and a minor clerical filing correction. No encumbrance across promoter entities signals stable ownership structure. The lack of business-level updates means the near-term outlook hinges on upcoming quarterly results and any strategic announcements from the new CFO.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
163
172
204
263
205
242
483
241
207
230
260
287
264
Expenses
113
111
139
193
154
181
399
160
151
161
169
166
171
Operating Profit
50
61
66
70
51
61
84
80
55
69
92
121
92
OPM %
31%
35%
32%
27%
25%
25%
17%
33%
27%
30%
35%
42%
35%
Other Income
18
13
15
18
12
13
16
23
14
11
0
8
4
Interest
1
0
1
0
0
0
0
5
1
1
1
2
2
Depreciation
7
8
9
12
13
14
15
17
17
19
21
24
24
PBT
59
66
70
76
51
59
84
82
51
60
70
103
71
Tax %
27%
27%
25%
29%
27%
24%
26%
27%
28%
27%
26%
28%
26%
Net Profit
43
48
52
54
37
45
62
60
37
44
51
74
52
EPS in Rs
2.26
2.49
2.71
2.79
1.91
2.33
3.23
3.12
1.9
2.27
2.66
3.91
2.67
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
187
222
218
357
545
521
442
576
737
803
1,171
985
1,041
Expenses
184
209
209
320
507
461
312
377
516
554
894
648
668
Operating Profit
2
13
9
36
38
60
130
199
221
249
277
337
374
OPM %
1.2%
6%
4.3%
10%
7%
12%
29%
35%
30%
31%
24%
34%
36%
Other Income
11
2
13
10
56
11
31
23
54
61
63
34
24
Interest
1
0
2
3
7
7
3
5
6
3
6
5
7
Depreciation
6
5
4
4
3
5
6
13
21
36
58
82
88
PBT
6
9
16
39
85
60
152
204
248
271
276
284
304
Tax %
-5%
25%
46%
27%
36%
28%
25%
25%
25%
27%
26%
27%
—
Net Profit
6
7
9
28
54
44
113
153
185
198
204
206
221
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
11.51
Div. Payout %
39%
38%
31%
18%
10%
6%
31%
38%
31%
39%
42%
42%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Borrowings
8
4
3
16
64
10
1
1
1
5
3
73
Other Liabilities
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
Fixed Assets
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
Other Assets
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
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
3
32
-4
-19
-36
79
190
94
93
93
331
100
Investing
-1
-4
0
0
-6
-5
-136
-630
-154
32
-220
-113
Financing
-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
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Shareholding Pattern

As of Jun 2026
Promoters 60.84%
Public 13.15%
FIIs 11.50%
DIIs 8.60%
Others 5.91%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Nov 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
59.05%
59.05%
63.77%
57.65%
57.65%
57.65%
58.49%
58.49%
58.49%
58.49%
58.83%
59.09%
59.09%
59.09%
59.22%
59.38%
59.50%
59.65%
59.65%
59.65%
60.39%
60.84%
60.84%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
17.12%
0.00%
16.05%
17.22%
17.29%
15.70%
16.45%
16.68%
16.82%
14.19%
12.18%
11.50%
DIIs
4.33%
3.74%
2.84%
3.57%
3.65%
3.09%
0.23%
0.48%
2.65%
2.44%
2.28%
2.39%
0.96%
2.59%
3.23%
4.01%
4.68%
4.63%
5.22%
5.16%
5.05%
7.11%
8.60%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
16.01%
16.22%
16.20%
14.43%
15.02%
15.34%
14.71%
13.14%
12.72%
12.65%
13.07%
13.51%
14.08%
13.67%
12.66%
12.40%
13.24%
12.42%
11.87%
11.83%
13.57%
13.40%
13.15%
Others
20.61%
20.99%
17.19%
24.35%
23.68%
23.92%
26.58%
27.89%
26.13%
26.43%
25.81%
7.90%
25.87%
8.61%
7.68%
6.91%
6.89%
6.85%
6.58%
6.54%
6.79%
6.47%
5.91%
No. of Shareholders
19,964
30,143
38,663
39,052
41,036
45,331
60,753
63,530
63,536
64,671
69,381
72,903
77,338
72,433
62,698
65,629
73,232
72,846
70,281
71,427
72,872
68,640
71,163

Documents

1
Concall - Aug 2019 Aug 2019
2
Concall - Aug 2017 Aug 2017
3
Concall - Nov 2018 Nov 2018
4
Concall - Nov 2018 Nov 2018
5
Concall - Aug 2019 Aug 2019

Frequently Asked Questions about Saregama India Ltd

What does Saregama India Ltd do?
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 l...
Where is Saregama India Ltd (SAREGAMA) listed?
Saregama India Ltd is listed on the Indian stock exchanges. It is listed on NSE: SAREGAMA and BSE: 532163. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Saregama India Ltd belong to?
Saregama India Ltd operates in the Consumer Discretionary sector within the Entertainment industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Saregama India Ltd?
Saregama India Ltd has a market capitalisation of approximately ₹10045.37 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Saregama India Ltd?
The Price-to-Earnings (PE) ratio of Saregama India Ltd is 44.65. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Saregama India Ltd?
Over the past 52 weeks, Saregama India Ltd has traded between a low of ₹307.05 and a high of ₹574.5. This range helps investors understand the stock's price volatility and recent trading levels.
Does Saregama India Ltd pay dividends?
Yes, Saregama India Ltd has a dividend yield of 0.86%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Saregama India Ltd?
Saregama India Ltd has a Return on Equity (ROE) of 12.87%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Saregama India Ltd on Tapetide?
On Tapetide, you can view Saregama India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website saregama.com
CEO Mr. Vikram Mehra
Employees 277
Listed 1997-07-30
Face Value ₹ 1
Issued Size 19,28,09,490

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