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Saregama India Ltd (SAREGAMA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532163 NSE: SAREGAMA Film Production, Distribution & Entertainment | Small Cap | Saregama India Share Price

₹493.75 1.25 (0.25%)

As on 02-Jul'26 16:59

Saregama India Ltd (SAREGAMA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532163 NSE: SAREGAMA Film Production, Distribution & Entertainment | Small Cap | Saregama India Share Price

₹493.75 1.25 (0.25%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹9,520 Cr.
Current Price
₹493.8
52-Week Low / High
₹306 / 520
TTM EPS
₹10.7
TTM Sales
₹985 Cr.
Book Value per Share
₹82
P/E Ratio
45.97
In line with its 5-year historical median
Industry PE
39.7
Price to Book (P/B)
6.02
Higher than its 5-year historical median
Price to Sales (P/S)
9.67
In line with its 5-year historical median
EV/EBITDA
24.91
In line with its 5-year historical median
Dividend Yield
0.91%
Profitability Efficiency
Return on Equity (ROE)
14.56%
In line with industry median
Return on Capital Employed (ROCE)
19.90%
Outperforms industry median
Return on Assets (ROA)
9.89%
Operating Profit Margin
23.7%
Net Profit Margin
17.44%
Gross Profit Margin
28.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
45.87%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
14.7%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.38%
Asset Quality
Promoter Holding
60.84%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,562 Cr.
Equity
₹19.3 Cr.
Face Value
₹1
All Time Low / High
₹0.71 / 688.50

Saregama India stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Strong
Q.1 Is Saregama India Ltd a good quality company?
Saregama India Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Saregama India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Saregama India Ltd vs industry peers?
Saregama India Ltd revenue CAGR is 17.57%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Saregama India Ltd?
Promoters hold 60.84% of the Saregama India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Saregama India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 29.7% based on the current price.

10 Year X-Ray :

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 majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 6.6%9.5%15.9%26.7%19.4%44%26.5%20.3%21.2%19.9%-
Value Creation
Index
-0.5-0.30.10.90.42.11.00.50.60.5-

Growth Parameters

Sales 2222193575455214425767378031,171985
Sales YoY Gr.--1.4%63.2%52.8%-4.3%-15.3%30.4%27.8%9%45.9%-
Adj EPS 0.80.51.61.82.56.58.49.510.410.410.7
YoY Gr.--30.7%211.5%9.3%41.2%158%30.7%12.5%10%-0.3%-
BVPS (₹) 8.313.61618.716.62365.763.769.875.782
Adj Net
Profit
139.128.230.943.5112163183201200207
Cash Flow from Ops. 31.9-3.6-19-35.779.319094.493.493.3331-
Debt/CF from Ops. 0.1-0.8-0.8-1.80.100000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 20.3%17.6%26.7%45.9%
Adj EPS 33.9%33%7.3%-0.3%
BVPS27.9%35.4%4.9%8.4%
Share Price 32.6% 9.7% 7.2% -0.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
7.63.67.87.610.524.917.313.514.313.113.6
Op. Profit
Mgn %
6.64.810.26.211.629.434.53030.723.734.2
Net Profit
Mgn %
5.94.37.95.78.325.628.224.825.117.121
Debt to
Equity
000.10.20000000
Working Cap
Days
228259226228286335314298282192191
Cash Conv.
Cycle
282048759165568310877100

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2222183575455214425767378031,171
Operating Expenses + 207209320511461312377516562894
Manufacturing Costs9894100126135118180266226490
Material Costs7-26917511046424385134
Employee Cost 494960576770627593107
Other Costs 5368911531507993132158163
Operating Profit 149363460130199221241277
Operating Profit Margin (%) 6.5%4.3%10.2%6.2%11.6%29.4%34.5%30.0%30.1%23.6%
Other Income + 12131061113135546958
Exceptional Items -12000000005
Interest 0237735636
Depreciation 54435613213658
Profit Before Tax 916398560152216248271276
Tax 271130173852637372
Profit After Tax 79285443113164185198204
PAT Margin (%) 3.1%4.0%7.9%10.0%8.3%25.7%28.5%25.1%24.6%17.4%
Adjusted EPS (₹)0.40.51.63.12.56.57.99.610.310.6
Dividend Payout Ratio (%)38.20%31.10%18.30%9.70%6%31%37.90%31.20%39%42.50%

Valuation of Saregama India - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1743403824283935041,3771,3391,4581,570
Share Capital 17171717171719191919
Reserves 1573223644113764861,3571,3201,4381,551
Debt +431664900020
Long Term Debt0000000000
Short Term Debt431664900020
Minority Interest2323233333
Trade Payables303840565856657093128
Others Liabilities 80137189229248350423291478394
Total Liabilities 2905216297807119131,8681,7042,0342,095

Fixed Assets

Net Fixed Assets +100197195213217224276336740860
Gross Block2032012042252332443083888281,005
Accumulated Depreciation10348121620335288145
CWIP 0000022460
Investments 4013215114875137676239118111
Inventories11049969469105164239240
Trade Receivables46527311010887108148159143
Cash Equivalents 26191179145324508542544
Others Assets 77111150206207249378305230197
Total Assets 2905216297807119131,8681,7042,0342,095

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 32-4-19-3679190949393331
PBT 916398560152204248271276
Adjustment -1-15-162-18-14-43-402
Changes in Working Capital 34-7-52-923969-39-45-86134
Tax Paid -10-11-10-13-22-14-57-67-51-81
Cash Flow From Investing Activity + -40-0-6-5-136-630-14817-221
Capex -7-2-3-12-8-22-73-103-92-162
Net Investments 0000-0-12349-5952-102
Others 332639-606145743
Cash Flow From Financing Activity + -8-3938-72-49677-75-85-99
Net Proceeds from Shares 000000735000
Net Proceeds from Borrowing 0000000000
Interest Paid -0-0-1-4-3-1-1-1-3-2
Dividend Paid -3-3-3-5-5-37-58-58-77-87
Others -5-11247-64-111-17-5-10
Net Cash Flow 20-7-10-424141-1302512

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)4.884.551118.0214.1532.8819.7314.8415.3514.56
ROCE (%)6.559.4615.8526.7219.3543.9626.4520.3221.1519.9
Asset Turnover Ratio0.80.540.620.770.70.540.410.410.430.57
PAT to CFO Conversion(x)4.57-0.44-0.68-0.671.841.680.570.50.471.62
Working Capital Days
Receivable Days82.5082.1064.1061.2076.4080.9061.8063.4069.7047
Inventory Days5.509.7030.5048.8066.5067.2055.3066.8091.7074.70
Payable Days1,433.60-5,139.40207.70101.30190.60457.80523.40569.10353.20300.20

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Saregama India Ltd FAQs

The current trading price of Saregama India on 02-Jul-2026 16:59 is ₹493.8.

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 01-Jul-2026 the market cap of Saregama India stood at ₹9,520 Cr

The latest P/E ratio of Saregama India as of 01-Jul-2026 is 44.27.

The latest P/B ratio of Saregama India as of 01-Jul-2026 is 6.02.

The 52-week high of Saregama India is ₹520.0 and the 52-week low is ₹305.6.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Saregama India is ₹821 ( Cr.) .

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

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.

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

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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