Saregama India
Saregama India Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Saregama India Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Saregama India Ltd trades at a P/E of 42.51× and P/B of 5.26×, against the Communication Services sector median P/E of 34.16×.
Valuation
Profitability
Growth
Financial Health
Saregama India Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Saregama India Ltd, switchable between annual and quarterly views, consolidated or standalone.
Saregama India Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹8,842.24 Cr and reported EPS of ₹10.73.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 357 | 545 | 521 | 442 | 581 | 751 | 803 | 1,171 | 985 |
| Other Income | 10 | 56 | 11 | 31 | 35 | 61 | 64 | 58 | 42 |
| Total Income | 367 | 601 | 533 | 473 | 616 | 812 | 867 | 1,229 | 1,027 |
| Cost of Goods Sold (COGS) | 69 | 175 | 110 | 46 | — | — | — | — | — |
| Gross Profit | 287 | 370 | 412 | 396 | 581 | 751 | 803 | 1,171 | 985 |
| +Operating Expenses | 251 | 332 | 351 | 266 | 394 | 532 | 556 | 894 | 648 |
| EBITDA | 36 | 38 | 60 | 130 | 187 | 220 | 247 | 277 | 337 |
| +Non-Operating Expenses | 8 | 10 | 11 | 9 | 18 | 27 | 39 | 69 | 79 |
| Profit Before Tax (PBT) | 39 | 85 | 60 | 152 | 204 | 254 | 271 | 276 | 284 |
| +Tax Expense | 11 | 30 | 17 | 38 | 52 | 65 | 73 | 72 | 78 |
| Profit After Tax (PAT) | 28 | 54 | 44 | 113 | 153 | 189 | 198 | 204 | 206 |
| Earnings Per Share (EPS) | 1.64 | 3.11 | 2.52 | 6.46 | 7.91 | 9.82 | 10.25 | 10.59 | 10.74 |
| Diluted Shares Outstanding (Nos.) | 17 | 17 | 17 | 17 | 19 | 19 | 19 | 19 | 19 |
| +Additional Disclosures | 413 | 690 | 516 | 398 | 450 | 540 | 595 | 958 | 734 |
| Sales Growth % | — | 52.76 | -4.27 | -15.25 | 31.38 | 29.40 | 6.88 | 45.87 | -15.94 |
| YoY Sales Growth % | — | 52.76 | -4.27 | -15.25 | 31.38 | 29.40 | 6.88 | 45.87 | -15.94 |
| Material Cost % | 30 | 41 | 21 | 5 | — | — | — | — | — |
| Employee Cost % | 17 | 10 | 13 | 16 | 13 | 11 | 12 | 9 | 11 |
| Other Cost % | 54 | 51 | 55 | 45 | 55 | 59 | 58 | 67 | 55 |
| OPM % | 10 | 7 | 12 | 29 | 32 | 29 | 31 | 24 | 34 |
| Tax % | 27 | 36 | 28 | 25 | 25 | 26 | 27 | 26 | 27 |
| Profit Growth % | — | 91.98 | -19.93 | 160.83 | 34.54 | 23.81 | 4.53 | 3.38 | 0.97 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 32 | 35 | 56 | 124 | 174 | 198 | 210 | 219 | 255 |
Saregama India segment analysis: revenue and profit mix.
Disclosed business segments at Saregama India with their share of revenue and profit, switchable between consolidated and standalone reporting.
Saregama India discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Saregama India Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Saregama India Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Saregama India Ltd's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Efficient capital management with ROE 12.50% and ROCE 17.20%.
Robust financial health, evidenced by a 0.00 debt-to-equity ratio.
Impressive 5-year EPS CAGR of 33.25% and EBITDA CAGR 35.78%.
High promoter holding of 59.6% signals strong management confidence.
Diversified entertainment business model with extensive content catalog.
What can break it.
High valuation metrics. P/E 44.10 and Price-to-Book 5.59.
Recent quarterly profit variation of -0.70% indicates a profitability dip.
Unsustainable TTM payout ratio of 144.31% raises dividend concerns.
Significant recent stock price weakness, with -2.81% 5-day return.
Considerable stock price volatility, 52-week range ₹394.30 to ₹604.00.
What would change my mind.
Trim if P/E re-rates above 55 (~1.6× the sector multiple of 34.2). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 4.78. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Saregama India Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Saregama India Ltd is highlighted for quick read-across.
Quick Compare
Saregama India Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Saregama India Ltd — derived from the live tape, not yesterday's close.
Saregama India Ltd last traded at ₹456.15 with an intraday range of ₹453.4–₹460.5 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹456.15| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 474.17 | +18.02 | +3.95% |
| R3 | 467.07 | +10.92 | +2.39% |
| R2 | 463.78 | +7.63 | +1.67% |
| R1 | 459.97 | +3.82 | +0.84% |
| PIVOT | 456.68 | 0.53 | 0.12% |
| CURRENT | 456.15 | — | — |
| S1 | 438.67 | -17.48 | -3.83% |
| S2 | 445.77 | -10.38 | -2.28% |
| S3 | 449.58 | -6.57 | -1.44% |
| S4 | 452.87 | -3.28 | -0.72% |
SAREGAMA is trading Below CPR, indicating Bearishness
CPR is Narrower, suggesting likely for trending moves
Day's range: 454 ~ 457.75
Trading Inside opening range
Saregama India Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Saregama India Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Saregama India Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Saregama India Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Saregama India Ltd stood at 24.2% of traded volume, against a 20-day average of 22.7%.
Saregama India announcements: results, concalls, ratings, M&A.
Filings Saregama India sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Saregama India files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 134 documents below.
Reply to Clarification- Financial results
The Exchange had sought clarification from Saregama India Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI…
Clarification - Financial Results
The Exchange has sought clarification from Saregama India Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI…
Analysts/Institutional Investor Meet/Con. Call Updates
Saregama India Limited has informed the Exchange about Q4FY26 Earning Conference Call-Transcript
Analysts/Institutional Investor Meet/Con. Call Updates
SAREGAMA: Saregama India Limited has informed the Exchange about Participation in forthcoming Investors Conference.
Copy of Newspaper Publication
Saregama India Limited has informed the Exchange about Copy of Newspaper Publication regarding special window for re-lodgement of transfer requests…
Investor decks & rating reports.
Saregama India dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Saregama India has declared, sequenced by announce and record date.
Saregama India corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Saregama India Ltd: business, sector, key facts.
What Saregama India Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Saregama India Ltd operates in the Communication Services, listed as NSE: SAREGAMA, BSE: 532163.
Saregama India Limited is a multinational entertainment company headquartered in Mumbai, India, with a history dating back to 1902. The company's operations span across four key segments, each contributing to its overall revenue and market presence. Its long history provides a strong foundation in the Indian entertainment landscape, allowing it to leverage established relationships and a substantial catalog of content.
The Music segment forms a significant part of Saregama's business. This segment encompasses the production and distribution of various music formats, including digital downloads, physical storage devices such as the popular Carvaan (a digital music player), music cards, and vinyl records. Beyond the physical products, this segment also involves the management and licensing of music rights, a critical aspect of the music industry allowing for revenue generation through various uses of their extensive music library.
Saregama's Artist Management segment focuses on nurturing and representing musical and other creative talent. The company manages both established and emerging artists on an exclusive or non-exclusive basis, providing services such as career guidance, marketing support, and performance opportunities. This segment enhances Saregama's reach and allows the company to develop new content and maintain strong connections within the entertainment industry.
The Video segment expands Saregama's reach into the growing video entertainment market. This segment engages in both the production and distribution of video content, encompassing long-form and short-form videos, covering a range of styles and genres. Similar to the Music segment, this section also includes the management and licensing of video rights, allowing for diverse monetization strategies.
Finally, the Events segment complements Saregama's other offerings by organizing live musical events. This involves ticket sales and securing sponsorships, providing a platform to showcase both Saregama's own artists and other talent. This direct engagement with audiences further strengthens Saregama's brand and provides additional revenue streams.
In summary, Saregama India Limited operates a diversified entertainment business model, leveraging its extensive catalog and experience to cater to various aspects of the entertainment industry. The company's integration of music production and distribution, artist management, video content creation, and live events positions it for continued growth and success in the dynamic Indian and international entertainment markets.
Questions investors ask about Saregama India Ltd (SAREGAMA).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Saregama India Ltd (SAREGAMA)?
The current share price of Saregama India Ltd (SAREGAMA) is ₹456.15. Today, the stock has gained by ₹2.75 (0.61%), trading in a range of ₹453.4 to ₹460.5. The stock opened at ₹455 with a trading volume of 3,47,314 shares.
02Is Saregama India Ltd stock a good investment for long-term?
Saregama India Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹8,842.24 crores, P/E ratio of 42.51, ROE of 12.57%, and ROCE of 17.20%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Saregama India Ltd stock?
The 52-week high price of Saregama India Ltd (SAREGAMA) is ₹542.15, while the 52-week low is ₹307.05. Currently trading at ₹456.15, the stock is 63.4% away from its 52-week low and 15.9% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Saregama India Ltd stock at the current price?
Whether to buy Saregama India Ltd stock at ₹456.15 depends on multiple factors. The stock is currently trading with a P/E ratio of 42.51 and P/B ratio of 5.26. Today's performance shows a gain of 0.61%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Saregama India Ltd and when is the next dividend?
Saregama India Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹456.15, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Saregama India Ltd?
Saregama India Ltd's key financial metrics include: P/E Ratio: 42.51, P/B Ratio: 5.26, ROE: 12.57%, ROCE: 17.20%, Dividend Yield: 0.00%, EPS: ₹10.73, Book Value: ₹86.67, and Debt-to-Equity: 4.28. The company's market cap stands at ₹8,842.24 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Saregama India Ltd stock performing today in the market?
Saregama India Ltd stock opened at ₹455 and is currently trading at ₹456.15, showing a gain of ₹2.75 (0.61%). The intraday high is ₹460.5 and low is ₹453.4. The trading volume stands at 3,47,314 shares, indicating moderate market participation today.
08What is the P/E ratio of Saregama India Ltd and what does it indicate?
Saregama India Ltd has a Price-to-Earnings (P/E) ratio of 42.51, which means investors are willing to pay ₹42.51 for every ₹1 of earnings. With an EPS of ₹10.73, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Saregama India Ltd (SAREGAMA) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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