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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
₹492.95 -0.70 (-0.14%)
As on 04-Sep'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
₹492.95 -0.70 (-0.14%)
As on 04-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹9,505 Cr.
Current Price
₹493
52-Week Low / High
₹306 / 575
TTM EPS
₹11.5
TTM Sales
₹1,041 Cr.
Book Value per Share
₹84
P/E Ratio
42.92
In line with its 5-year historical median
Industry PE
34.6
Price to Book (P/B)
5.87
In line with its 5-year historical median
Price to Sales (P/S)
9.13
In line with its 5-year historical median
EV/EBITDA
23.16
Lower than its 5-year historical median
Dividend Yield
0.91%
Profitability Efficiency
Return on Equity (ROE)
13.63%
In line with industry median
Return on Capital Employed (ROCE)
18.53%
Outperforms industry median
Return on Assets (ROA)
9.34%
Operating Profit Margin
34.2%
Net Profit Margin
20.94%
Gross Profit Margin
37.9%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-15.94%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
21.57%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
0.97%
Asset Quality
Promoter Holding
60.84%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,600 Cr.
Equity
₹19.3 Cr.
Face Value
₹1
All Time Low / High
₹0.71 / 688.50
Check Before You Invest
Quality
Very GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Semi Strong
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?
Revenue growth of Saregama India Ltd vs industry peers?
Saregama India Ltd revenue CAGR is 17.38%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
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.
Stock return of Saregama India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 35.2% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9.5% | 15.9% | 26.7% | 19.4% | 44% | 26.5% | 20.3% | 21.2% | 19.9% | 18.5% | - |
| Value Creation Index ⓘ | -0.3 | 0.1 | 0.9 | 0.4 | 2.1 | 1.0 | 0.5 | 0.6 | 0.5 | 0.4 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 219 | 357 | 545 | 521 | 442 | 576 | 737 | 803 | 1,171 | 985 | 1,041 |
| Sales YoY Gr. | - | 63.2% | 52.8% | -4.3% | -15.3% | 30.4% | 27.8% | 9% | 45.9% | -15.9% | - |
| Adj EPS ⓘ | 0.5 | 1.6 | 1.8 | 2.5 | 6.5 | 8.4 | 9.5 | 10.4 | 10.4 | 11 | 11.5 |
| YoY Gr. | - | 211.5% | 9.3% | 41.2% | 158% | 30.7% | 12.5% | 10% | -0.3% | 5.5% | - |
| BVPS (₹) ⓘ | 13.6 | 16 | 18.7 | 16.6 | 23 | 65.7 | 63.7 | 69.8 | 75.7 | 81.3 | 84 |
| Adj Net Profit ⓘ | 9.1 | 28.2 | 30.9 | 43.5 | 112 | 163 | 183 | 201 | 200 | 212 | 222 |
| Cash Flow from Ops. ⓘ | -3.6 | -19 | -35.7 | 79.3 | 190 | 94.4 | 93.4 | 93.3 | 331 | 100 | - |
| Debt/CF from Ops. ⓘ | -0.8 | -0.8 | -1.8 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0.7 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 18.2% | 17.4% | 10.2% | -15.9% | ||||
| Adj EPS ⓘ | 40.3% | 11.2% | 5% | 5.5% | ||||
| BVPSⓘ | 22% | 28.8% | 8.5% | 7.4% | ||||
| Share Price | 35.2% | 8.3% | 8.9% | 0.6% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.6 | 7.8 | 7.6 | 10.5 | 24.9 | 17.3 | 13.5 | 14.3 | 13.1 | 12.9 | 13.9 |
| Op. Profit Mgn % ⓘ | 4.8 | 10.2 | 6.2 | 11.6 | 29.4 | 34.5 | 30 | 30.7 | 23.7 | 34.2 | 36 |
| Net Profit Mgn % ⓘ | 4.3 | 7.9 | 5.7 | 8.3 | 25.6 | 28.2 | 24.8 | 25.1 | 17.1 | 21.4 | 21.3 |
| Debt to Equity ⓘ | 0 | 0.1 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 259 | 226 | 228 | 286 | 335 | 314 | 298 | 282 | 192 | 253 | 191 |
| Cash Conv. Cycle ⓘ | 20 | 48 | 75 | 91 | 65 | 56 | 83 | 108 | 77 | 71 | 100 |
Valuation of Saregama India - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 218 | 357 | 545 | 521 | 442 | 576 | 737 | 803 | 1,171 | 985 |
| Operating Expenses ⓘ + | 209 | 320 | 511 | 461 | 312 | 377 | 516 | 562 | 894 | 648 |
| Operating Profit ⓘ | 9 | 36 | 34 | 60 | 130 | 199 | 221 | 241 | 277 | 337 |
| Operating Profit Margin (%) | 4.3% | 10.2% | 6.2% | 11.6% | 29.4% | 34.5% | 30.0% | 30.1% | 23.6% | 34.2% |
| Other Income ⓘ + | 13 | 10 | 61 | 11 | 31 | 35 | 54 | 69 | 58 | 42 |
| Interest ⓘ | 2 | 3 | 7 | 7 | 3 | 5 | 6 | 3 | 6 | 5 |
| Depreciation ⓘ | 4 | 4 | 3 | 5 | 6 | 13 | 21 | 36 | 58 | 82 |
| Profit Before Tax ⓘ | 16 | 39 | 85 | 60 | 152 | 216 | 248 | 271 | 276 | 284 |
| Tax ⓘ | 7 | 11 | 30 | 17 | 38 | 52 | 63 | 73 | 72 | 78 |
| Profit After Tax | 9 | 28 | 54 | 43 | 113 | 164 | 185 | 198 | 204 | 206 |
| PAT Margin (%) | 4.0% | 7.9% | 10.0% | 8.3% | 25.7% | 28.5% | 25.1% | 24.6% | 17.4% | 20.9% |
| Adjusted EPS (₹) | 0.5 | 1.6 | 3.1 | 2.5 | 6.5 | 7.9 | 9.6 | 10.3 | 10.6 | 10.7 |
| Dividend Payout Ratio (%) | 31.10% | 18.30% | 9.70% | 6% | 31% | 37.90% | 31.20% | 39% | 42.50% | 41.90% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 340 | 382 | 428 | 393 | 504 | 1,377 | 1,339 | 1,458 | 1,570 | 1,678 | |
| Debt + | 3 | 16 | 64 | 9 | 0 | 0 | 0 | 2 | 0 | 69 | |
| Minority Interest | 3 | 2 | 3 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | |
| Trade Payables | 38 | 40 | 56 | 58 | 56 | 65 | 70 | 93 | 128 | 158 | |
| Others Liabilities ⓘ | 137 | 189 | 229 | 248 | 350 | 423 | 291 | 478 | 394 | 411 | |
| Total Liabilities ⓘ | 521 | 629 | 780 | 711 | 913 | 1,868 | 1,704 | 2,034 | 2,095 | 2,319 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 197 | 195 | 213 | 217 | 224 | 276 | 336 | 740 | 860 | 1,057 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 2 | 2 | 4 | 6 | 0 | 0 | |
| Investments ⓘ | 132 | 151 | 148 | 75 | 137 | 676 | 239 | 118 | 111 | 379 | |
| Inventories | 10 | 49 | 96 | 94 | 69 | 105 | 164 | 239 | 240 | 243 | |
| Trade Receivables | 52 | 73 | 110 | 108 | 87 | 108 | 148 | 159 | 143 | 177 | |
| Cash Equivalents | 19 | 11 | 7 | 9 | 145 | 324 | 508 | 542 | 544 | 149 | |
| Others Assets ⓘ | 111 | 150 | 206 | 207 | 249 | 378 | 305 | 230 | 197 | 314 | |
| Total Assets ⓘ | 521 | 629 | 780 | 711 | 913 | 1,868 | 1,704 | 2,034 | 2,095 | 2,319 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -4 | -19 | -36 | 79 | 190 | 94 | 93 | 93 | 331 | 100 |
| Cash Flow From Investing Activity ⓘ + | 0 | -0 | -6 | -5 | -136 | -630 | -148 | 17 | -221 | -113 |
| Cash Flow From Financing Activity ⓘ + | -3 | 9 | 38 | -72 | -49 | 677 | -75 | -85 | -99 | -31 |
| Net Cash Flow ⓘ | -7 | -10 | -4 | 2 | 4 | 141 | -130 | 25 | 12 | -45 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.55 | 11 | 18.02 | 14.15 | 32.88 | 19.73 | 14.84 | 15.35 | 14.56 | 13.63 |
| ROCE (%) | 9.46 | 15.85 | 26.72 | 19.35 | 43.96 | 26.45 | 20.32 | 21.15 | 19.9 | 18.53 |
| Asset Turnover Ratio | 0.54 | 0.62 | 0.77 | 0.7 | 0.54 | 0.41 | 0.41 | 0.43 | 0.57 | 0.45 |
| PAT to CFO Conversion(x) | -0.44 | -0.68 | -0.67 | 1.84 | 1.68 | 0.57 | 0.5 | 0.47 | 1.62 | 0.49 |
| Working Capital Days | ||||||||||
| Receivable Days | 82.10 | 64.10 | 61.20 | 76.40 | 80.90 | 61.80 | 63.40 | 69.70 | 47 | 59.30 |
| Inventory Days | 9.70 | 30.50 | 48.80 | 66.50 | 67.20 | 55.30 | 66.80 | 91.70 | 74.70 | 89.70 |
| Payable Days | -5,139.40 | 207.70 | 101.30 | 190.60 | 457.80 | 523.40 | 569.10 | 353.20 | 300.20 | 597.10 |
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Saregama India Ltd FAQs
The current trading price of Saregama India on 04-Sep-2026 16:59 is ₹492.9.
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 03-Sep-2026 the market cap of Saregama India stood at ₹9,504.5 Cr
The latest P/E ratio of Saregama India as of 03-Sep-2026 is 41.79.
The latest P/B ratio of Saregama India as of 03-Sep-2026 is 5.86.
The 52-week high of Saregama India is ₹574.9 and the 52-week low is ₹305.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Saregama India is ₹852 ( 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 Semi Strong which suggest that the price of Saregama India Ltd is likely to Rise-somewhat 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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