Saregama India Ltd

Saregama India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Saregama India Ltd

₹ 622 9.97%
30 Sep 3:31 p.m.
saregama.com BSE: 532163 NSE: SAREGAMA
About

Saregama is the oldest music label company from India (established 1902, erstwhile "Gramophone Company of India" & then "HMV"). The company is aiming to be a pure-play content company supported by the global consumption boom. [1]
Since 2017, Saregama has been making headlines again owing to the launch of two unique initiatives, Saregama Carvaan and Yoodlee Films. [2]

Key Points

Market Position
The company is India’s only entertainment company with IP offerings across media channels (music, films, web series, short-format, and TV serials), delivery platforms (digital and physical), and business models (licensing, advertising, and retail). [1] It owns ~50% of all the music ever recorded in India. [2]

Website BSE NSE
  • Market Cap ₹ 12,006 Cr.
  • Current Price ₹ 622
  • High / Low ₹ 637 / 310
  • Stock P/E 61.0
  • Book Value ₹ 75.8
  • Dividend Yield 0.61 %
  • ROCE 20.0 %
  • ROE 14.5 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 31.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 36.2%

Cons

  • Stock is trading at 8.09 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Entertainment Industry: Entertainment / Electronic Media Software

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
102 142 147 177 148 164 182 202 162 171 187 238 173
65 98 93 125 96 108 119 156 112 109 124 159 122
Operating Profit 37 44 53 52 52 56 63 45 50 62 63 80 51
OPM % 36% 31% 36% 29% 35% 34% 35% 23% 31% 36% 34% 33% 29%
3 5 8 17 10 12 15 17 17 13 14 14 11
Interest 1 1 1 1 1 1 1 2 1 0 1 1 0
Depreciation 2 3 4 4 4 4 6 6 7 8 9 10 12
Profit before tax 37 45 57 63 56 62 71 54 59 66 67 83 51
Tax % 26% 26% 25% 25% 25% 25% 25% 27% 27% 26% 26% 26% 27%
28 33 42 47 42 46 53 39 43 49 49 62 37
EPS in Rs 1.59 1.91 2.20 2.44 2.16 2.40 2.75 2.04 2.24 2.53 2.54 3.20 1.93
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
175 168 182 215 208 346 524 500 434 568 695 759 770
156 142 164 200 200 312 492 435 309 382 479 504 514
Operating Profit 19 26 18 15 8 34 32 65 125 186 216 255 255
OPM % 11% 15% 10% 7% 4% 10% 6% 13% 29% 33% 31% 34% 33%
6 -3 4 0 16 14 60 11 29 33 53 58 53
Interest 3 3 1 0 2 3 7 7 3 5 6 3 2
Depreciation 12 3 5 5 4 4 3 4 5 13 21 34 39
Profit before tax 11 17 15 10 17 41 82 66 145 202 243 275 267
Tax % -1% 30% -2% 23% 42% 26% 37% 26% 26% 26% 26% 26%
11 12 16 8 10 31 52 49 107 150 180 203 197
EPS in Rs 0.63 0.69 0.90 0.43 0.57 1.75 2.98 2.82 6.15 7.79 9.35 10.52 10.20
Dividend Payout % 24% 22% 17% 35% 26% 17% 10% 5% 33% 38% 32% 38%
Compounded Sales Growth
10 Years: 16%
5 Years: 8%
3 Years: 20%
TTM: 8%
Compounded Profit Growth
10 Years: 28%
5 Years: 31%
3 Years: 24%
TTM: 8%
Stock Price CAGR
10 Years: 46%
5 Years: 77%
3 Years: 17%
1 Year: 56%
Return on Equity
10 Years: 14%
5 Years: 15%
3 Years: 14%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 17 17 17 17 17 17 17 17 17 19 19 19
Reserves 149 158 169 173 324 365 409 396 492 1,353 1,313 1,443
12 7 4 0 0 13 61 7 1 1 1 0
62 57 64 82 127 169 205 199 264 298 351 375
Total Liabilities 240 239 255 273 468 564 692 619 775 1,672 1,684 1,838
85 89 83 84 198 197 215 219 226 278 338 408
CWIP 0 0 0 0 0 0 0 0 2 2 4 6
Investments 42 50 48 48 123 139 137 80 135 670 228 368
113 100 124 141 147 229 340 320 412 723 1,114 1,057
Total Assets 240 239 255 273 468 564 692 619 775 1,672 1,684 1,838

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
19 24 2 29 -8 -7 -23 85 187 96 94 103
-4 -14 -1 -1 3 -11 -20 -10 -138 -632 -153 -8
-39 -10 -6 -8 -3 9 38 -72 -47 677 -75 -83
Net Cash Flow -24 -1 -5 20 -8 -9 -5 2 3 141 -134 12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 80 85 116 84 97 82 79 80 75 69 79 69
Inventory Days 1,012 268 311 405
Days Payable 813 160 129 120
Cash Conversion Cycle 80 85 116 84 97 82 79 80 274 177 261 353
Working Capital Days 58 54 93 35 74 89 128 115 40 87 97 131
ROCE % 9% 16% 10% 10% 7% 12% 20% 16% 32% 22% 18% 20%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
63.77% 57.65% 57.65% 58.49% 58.49% 58.49% 58.49% 58.83% 59.09% 59.09% 59.09% 59.22%
9.52% 16.55% 17.09% 17.30% 17.24% 17.47% 17.70% 17.79% 17.12% 16.81% 16.05% 17.22%
2.84% 3.65% 3.09% 2.67% 2.66% 2.65% 2.43% 2.27% 2.38% 2.62% 2.58% 3.22%
23.66% 21.96% 22.07% 21.44% 21.47% 21.23% 21.13% 20.86% 21.15% 21.22% 22.00% 20.07%
0.22% 0.20% 0.10% 0.10% 0.11% 0.15% 0.24% 0.24% 0.26% 0.26% 0.26% 0.26%
No. of Shareholders 38,66341,03645,33160,75363,53063,53664,67169,38172,90377,33872,43362,698

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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