Saregama India Limited SAREGAMA NIFTY_SMALLNSE

Communication Services · Entertainment · India

https://www.saregama.com

Saregama India Limited operates as an entertainment company in India and internationally. It operates in four segments: Music, Artist Management, Video, and Events. The Music segment engages in the manufacture and sale of music storage device through Carvaan, Music Card, Vinyl records, etc., as well as dealing with related music rights. Its Artist Management segment manages influencers and artiste on an exclusive or non-exclusive basis. The Video segment is involved in the production and sale/telecast/broadcast of long-form and short-form video content, as well as dealing in related rights. Its Events segment organizes live musical events through ticket sales and sponsorships. The company was founded in 1902 and is headquartered in Mumbai, India. Saregama India Limited operates as a subsidiary of Composure Services Private Limited.

Market & Price

Market Cap

₹8,141.96 Cr

Current Price

₹424.15

High / Low (52W)

₹573.67 / ₹311.10

Beta

Valuation

Stock P/E

39.53

Industry PE

23.64

Forward P/E

27.75

PEG Ratio

Book Value

₹86.54

Price to Book

4.90

P/S

7.93

EV/EBITDA

21.48

Dividend Yield

2.12%

Profitability & Returns

ROCE

15.98%

ROE

12.57%

ROA

8.42%

Profit Margin

20.17%

Op Margin

35.89%

EPS (Latest Qtr)

₹3.86

EPS (TTM)

₹10.73

Balance Sheet & Liquidity

Debt/Equity

4.28

Quick Ratio

0.83

Current Ratio

1.75

Debt

₹72.58 Cr

Total Assets

₹2,321.96 Cr

Current Assets

₹892.52 Cr

Working Capital

₹382.24 Cr

Ownership

Promoter Holding

63.57%

Chg in Prom Hold

FII / Inst Holding

10.98%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹8,142.13 Cr

Total Revenue (TTM)

₹1,026.89 Cr

EBITDA

₹379.02 Cr

Free Cash Flow

₹427.62 Cr

Operating Cash Flow

₹100.02 Cr

Shares Outstanding

₹19.20 Cr

Gross Margin

52.27%

Payout Ratio

41.94%

Growth (CAGR)

Revenue 5Y

11.71%

Profit 5Y

3.76%

Revenue (YoY)

23.20%

Earnings (YoY)

24.10%

PROS

Excellent profit margin of 20.2%.
Compounding revenue at 11.7% over 5 years.
Generates positive free cash flow.

CONS

Trading 26.1% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Communication Services).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	SAREGAMA Saregama India Limited NIFTY_SMALLNSE	424.15	39.53	₹8,141.96 Cr	2.12%	15.98%	12.57%	11.71%	3.76%
2	IDEA Vodafone Idea Limited NIFTY_MIDNSE	13.99	4.36	₹1.52 L Cr	-	36.88%	-	2.05%	72.64%
3	INDUSTOWER Indus Towers Limited NIFTY_MIDNSE	442.05	16.31	₹1.17 L Cr	-	18.44%	19.81%	4.61%	51.86%
4	NAUKRI Info Edge (India) Limited NIFTY_MIDNSEAITECH	995.00	44.44	₹64,449.87 Cr	1.45%	4.71%	4.57%	11.88%	483.26%
5	TATACOMM Tata Communications Limited NIFTY_MIDNSEAI	1,965.00	53.76	₹56,002.50 Cr	0.89%	15.29%	31.13%	11.61%	-17.69%
6	AFFLE Affle 3i Limited NIFTY_SMALLNSEAI	1,463.00	45.25	₹20,575.72 Cr	-	15.30%	13.79%	23.64%	22.97%
7	SUNTV Sun TV Network Limited NIFTY_SMALLNSE	502.15	13.73	₹19,788.96 Cr	1.00%	15.31%	11.85%	4.74%	-5.51%
8	PFOCUS Prime Focus Limited NSE	233.40	59.54	₹18,111.62 Cr	-	24.91%	13.14%	-0.29%	14.09%
9	INDIAMART IndiaMART InterMESH Limited NIFTY_SMALLNSEAITECH	2,015.70	25.58	₹12,116.83 Cr	1.49%	19.97%	20.70%	16.77%	18.70%

Quarterly Results

Figures in INR.

Metric	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026
Revenue	483.43 Cr	240.82 Cr	206.77 Cr	260.38 Cr	287.44 Cr
Cost of Revenue	330.45 Cr	93.98 Cr	15.24 Cr	98.11 Cr	94.15 Cr
Gross Profit	152.98 Cr	146.84 Cr	191.53 Cr	162.27 Cr	193.29 Cr
Operating Expenses	83.85 Cr	83.12 Cr	153.73 Cr	91.92 Cr	96.00 Cr
Operating Income	69.13 Cr	63.72 Cr	37.80 Cr	70.35 Cr	97.29 Cr
EBITDA	100.08 Cr	102.93 Cr	69.52 Cr	92.18 Cr	129.13 Cr
Interest Expense	39.00 L	4.71 Cr	98.00 L	1.27 Cr	2.06 Cr
Pretax Income	84.45 Cr	81.62 Cr	51.05 Cr	69.52 Cr	103.41 Cr
Tax Provision	22.11 Cr	21.76 Cr	14.54 Cr	18.28 Cr	29.27 Cr
Net Income	62.31 Cr	60.13 Cr	36.66 Cr	51.26 Cr	75.39 Cr
Diluted EPS	3.23	3.11	1.90	2.67	3.86

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	706.25 Cr	757.97 Cr	1,171.36 Cr	984.62 Cr
Cost of Revenue	-	290.60 Cr	293.31 Cr	611.40 Cr	381.15 Cr
Gross Profit	-	415.66 Cr	464.66 Cr	559.96 Cr	603.47 Cr
Operating Expenses	-	215.44 Cr	243.39 Cr	341.18 Cr	348.27 Cr
Operating Income	-	200.22 Cr	221.28 Cr	218.78 Cr	255.20 Cr
EBITDA	-	274.27 Cr	309.74 Cr	340.02 Cr	371.07 Cr
Interest Expense	-	5.38 Cr	2.77 Cr	5.74 Cr	5.44 Cr
Pretax Income	-	248.08 Cr	270.79 Cr	276.07 Cr	284.08 Cr
Tax Provision	-	63.03 Cr	73.23 Cr	71.83 Cr	77.86 Cr
Net Income	-	185.34 Cr	197.59 Cr	204.26 Cr	207.07 Cr
Diluted EPS	8.42	9.63	10.27	10.61	-

Compounded Sales Growth

5 Years:	11.71%
1 Year:	23.20%

Compounded Profit Growth

5 Years:	3.76%
1 Year:	24.10%

Stock Price Performance

1 Year:	-21.80%
6 Months:	+14.46%
3 Months:	+29.31%
1 Month:	+23.35%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	1,704.11 Cr	2,033.78 Cr	2,095.16 Cr	2,321.96 Cr
Current Assets	-	1,252.03 Cr	1,222.05 Cr	1,202.68 Cr	892.52 Cr
Cash & Equivalents	-	16.70 Cr	56.75 Cr	69.39 Cr	28.17 Cr
Inventory	-	164.26 Cr	239.26 Cr	240.21 Cr	243.43 Cr
Receivables	-	147.97 Cr	158.74 Cr	143.22 Cr	176.92 Cr
Total Liabilities	-	358.61 Cr	561.22 Cr	508.40 Cr	626.75 Cr
Current Liabilities	-	307.95 Cr	296.87 Cr	418.36 Cr	510.28 Cr
Long Term Debt	-	-	-	-	9.45 Cr
Total Debt	-	71.25 L	5.43 Cr	2.71 Cr	72.58 Cr
Total Equity	-	1,342.11 Cr	1,469.12 Cr	1,583.38 Cr	1,692.68 Cr
Shares Outstanding	-	19.28 Cr	19.28 Cr	19.28 Cr	19.28 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	93.43 Cr	93.25 Cr	331.19 Cr	100.02 Cr
Investing Cash Flow	-	-148.14 Cr	16.59 Cr	-220.60 Cr	-113.49 Cr
Financing Cash Flow	-	-75.24 Cr	-84.86 Cr	-98.73 Cr	-31.37 Cr
Capital Expenditure	-	-103.14 Cr	-92.27 Cr	-161.66 Cr	-213.97 Cr
Free Cash Flow	-	-9.71 Cr	97.05 L	169.53 Cr	-113.95 Cr
Net Change in Cash	-	-129.95 Cr	24.98 Cr	11.86 Cr	-44.84 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	58.9%	61.3%	47.8%	61.3%
Operating Margin %	-	28.3%	29.2%	18.7%	25.9%
Net Margin %	-	26.2%	26.1%	17.4%	21.0%
ROE %	-	13.8%	13.4%	12.9%	12.2%
ROCE %	-	14.3%	12.7%	13.0%	14.1%

Shareholding Pattern

Insiders

63.57%

Institutions

10.98%

Public Float

30.15%

Analyst View

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SAREGAMA · Communication Services