Saregama India Ltd - Stock Valuation and Financial Performance

BSE: 532163 | NSE: SAREGAMA | Film Production, Distribution & Entertainment | Small Cap

Saregama India Share Price

345.90 -2.05 -0.59%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Saregama India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Saregama India stock performance -

mw4me loader
P/E Ratio (CD):
35.61
Market Cap:
6,677 Cr.
52-wk low:
303.3
52-wk high:
490

Is Saregama India Ltd an attractive stock to invest in?

1. Is Saregama India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Saregama India Ltd is a average quality company.

2. Is Saregama India Ltd undervalued or overvalued?

The key valuation ratios of Saregama India Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Saregama India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Saregama India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Saregama India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Saregama India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11.6%4.4%7.5%4.1%8.2%7.9%10.7%25%17.5%13.7%-
Value Creation
Index
-0.2-0.7-0.5-0.7-0.4-0.4-0.20.80.30.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 177187222219357545521442576737744
Sales YoY Gr.-5.1%18.8%-1.4%63.2%52.8%-4.3%-15.3%30.4%27.8%-
Adj EPS 1.10.40.80.51.61.82.56.58.49.59.7
YoY Gr.--60.2%74.4%-30.7%211.5%9.3%41.2%158%30.7%12.5%-
BVPS (₹) 7.87.98.313.61618.716.62365.763.771.4
Adj Net
Profit
18.77.5139.128.230.943.5112163183188
Cash Flow from Ops. 27.42.731.9-3.6-19-35.779.319094.493.4-
Debt/CF from Ops. 0.52.90.1-0.8-0.8-1.80.1000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 17.1%15.6%12.2%27.8%
Adj EPS 27.3%42.4%55.9%12.5%
BVPS26.3%31.8%56.4%-3%
Share Price 49.1% 42.3% 31% 5.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
13.44.57.63.67.87.610.524.917.313.514.4
Op. Profit
Mgn %
9.86.56.64.810.26.211.629.434.53030.4
Net Profit
Mgn %
9.43.85.94.37.95.78.325.628.224.825.2
Debt to
Equity
0.10.1000.10.20000-
Working Cap
Days
211245228259226228286335314358312
Cash Conv.
Cycle
12332820487591655683237

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.20%

Net Profit is growing at healthy rate in last 3 years 55.94%

Return on Equity has declined versus last 3 years average to 14.40%

Sales growth is not so good in last 4 quarters at 4.30%

Latest Financials - Saregama India Ltd.

Standalone Consolidated
TTM EPS (₹) 9.4 9.7
TTM Sales (₹ Cr.) 722 744
BVPS (₹.) 70.7 71.4
Reserves (₹ Cr.) 1,345 1,357
P/BV 4.90 4.85
PE 36.99 35.61
From the Market
52 Week Low / High (₹) 303.30 / 489.95
All Time Low / High (₹) 0.71 / 548.70
Market Cap (₹ Cr.) 6,677
Equity (₹ Cr.) 19.3
Face Value (₹) 1
Industry PE 40.6

Management X-Ray of Saregama India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Saregama India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales177187222218357545521442576737
Operating Expenses 160176207209320511461312377516
Manufacturing Costs74939894100126135118180266
Material Costs917-269175110464243
Employee Cost 38374949605767706275
Other Costs 39445368911531507993132
Operating Profit 1711149363460130199221
Operating Profit Margin (%) 9.8%5.8%6.5%4.3%10.2%6.2%11.6%29.4%34.5%30.0%
Other Income 11111213106111313554
Interest 3102377356
Depreciation 365443561321
Exceptional Items 0-9-120000000
Profit Before Tax 226916398560152216248
Tax 5027113017385263
Profit After Tax 17679285443113164185
PAT Margin (%) 9.5%3.4%3.1%4.0%7.9%10.0%8.3%25.7%28.5%25.1%
Adjusted EPS (₹)1.10.40.40.51.63.12.56.57.99.6
Dividend Payout Ratio (%)14%39%38%31%18%10%6%31%38%31%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1661681743403824283935041,3771,339
Share Capital 17171717171717171919
Reserves 1481501573223644113764861,3571,320
Minority Interest3323232333
Debt1284316649000
Long Term Debt3000000000
Short Term Debt984316649000
Trade Payables26283038405658566570
Others Liabilities 576280137189229248350423532
Total Liabilities 2652672905216297807119131,8681,944

Fixed Assets

Gross Block193195203201204225233244308388
Accumulated Depreciation9198103481216203353
Net Fixed Assets10297100197195213217224276336
CWIP 0000000224
Investments 40404013215114875137676239
Inventories3511049969469105164
Trade Receivables375446527311010887108148
Cash Equivalents 10626191179145324508
Others Assets726677111150206207249378545
Total Assets 2652672905216297807119131,8681,944

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 27332-4-19-36791909493
PBT 226916398560152204248
Adjustment 010-1-15-162-18-14-43
Changes in Working Capital 17-534-7-52-923969-39-45
Tax Paid -12-9-10-11-10-13-22-14-57-67
Cash Flow From Investing Activity -4-1-400-6-5-136-630-148
Capex -7-2-7-2-3-12-8-22-73-103
Net Investments 0000000-12349331
Others 31332639-606-376
Cash Flow From Financing Activity -25-6-8-3938-72-49677-75
Net Proceeds from Shares 00000000735-16
Net Proceeds from Borrowing 2-200000000
Interest Paid -3-100-1-4-3-1-1-1
Dividend Paid -3-3-3-3-3-5-5-37-58-58
Others -21-1-5-11247-64-111-1
Net Cash Flow -2-420-7-10-424141-130
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.574.594.884.551118.0214.1532.8819.7314.84
ROCE (%)17.144.496.559.4615.8526.7219.3543.9626.4520.32
Asset Turnover Ratio0.70.70.80.540.620.770.70.540.410.39
PAT to CFO Conversion(x)1.590.54.57-0.44-0.68-0.671.841.680.570.5
Working Capital Days
Receivable Days76908382646176816263
Inventory Days128510314966675567
Payable Days1,0699,2571,434-5,139208101191458523569

Saregama India Ltd Stock News

Saregama India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Saregama India on 28-Mar-2024 16:01 is ₹345.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Saregama India stood at ₹6,677.
The latest P/E ratio of Saregama India as of 28-Mar-2024 16:01 is 36.99.
The latest P/B ratio of Saregama India as of 28-Mar-2024 16:01 is 4.90.
The 52-week high of Saregama India is ₹489.9 and the 52-week low is ₹303.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Saregama India is ₹721.9 ( Cr.) .

About Saregama India Ltd

Saregama India was incorporated on August 13, 1946. The company is a subsidiary of the Gramophone Company, England (parent company). The parent company established its Indian branch in 1901 and set up a factory in Calcutta to manufacture records and gramophones in 1907. The factory at Dum Dum, Calcutta was established in 1928.

The products manufactured were marketed under the trade marks His Master's Voice and Columbia.  The parent company carried on the business in India until July 1, 1964 and from that date, the company purchased and acquired appropriate assets of the parent company's branch in India as a going concern. The parent company is itself a subsidiary of Electric and Musical Industries, England, known as EMI throughout the world.

The company's factory is situated at Dum Dum, Calcutta, where the parent company's factory was situated. The company's factory is most up-to-date in all manufacturing techniques (especially in the field of gramophone records) and is largely air conditioned.

Business area of the company

The company engaged in manufacturing, selling and dealing of gramophone records, radio receivers, radiograms, record players, record producers, pick-up cartridges, components and accessories thereof and other allied products.

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