Saregama India Limited (SAREGAMA) AI Stock Analysis

• Market Cap: ₹63.69B
• Dividend Yield: 2.59%
• Average Volume (3M): 11.22K
• Price to Earnings (P/E): 32.9
• Beta (1Y): 0.54
• Revenue Growth: 26.97%
• EPS Growth: 8.03%
• Country: IN
• Employees: 332
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Entertainment
• EPS (TTM): 2.68
• Shares Outstanding: 192,809,500
• 10 Day Avg. Volume: 9,647
• 30 Day Avg. Volume: 11,219
• PEG Ratio: 14.28
• Price to Book (P/B): 6.28
• Price to Sales (P/S): 8.48
• P/FCF Ratio: 58.62
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 12.98
• Revenue Forecast (FY): ₹13.14B

• Rating: 59 Neutral
• Price Target: ₹349.00 ▼(-2.42% Downside)
• Action: Reiterated Date: 02/06/26
• Date: Action: Reiterated 02/06/26

The score is supported by a strong, low-leverage balance sheet and solid profitability, but is pulled down by the sharp TTM revenue decline and weakened cash conversion/FCF. Technically, the stock remains in a downtrend (below major DMAs with negative MACD), while valuation looks somewhat expensive despite a moderate dividend yield.

Positive Factors

Conservative balance sheet

Very low leverage and a solid equity base provide durable financial flexibility. This supports investment in new content, enables opportunistic M&A or catalogue purchases, and helps the company weather cyclical revenue shocks without forcing asset sales or aggressive cost cuts.

Negative Factors

Significant TTM revenue decline

A near‑term ~19% drop in trailing revenues is structurally meaningful: it can erode catalogue monetization momentum and reduce bargaining leverage with platforms and licensees. Prolonged revenue contraction would limit content investment and weaken long‑term growth prospects.

Saregama India Limited Business Overview & Revenue Model

Company Description

Saregama India Limited engages in the sound recording and publishing business in India and internationally. The company operates through Music, Films/TV Serials, and Publication segments. The Music segment manufactures and sells music storage devi...

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Saregama India Limited engages in the sound recording and publishing business in India and internationally. The company operates through Music, Films/TV Serials, and Publication segments. The Music segment manufactures and sells music storage devi...

How the Company Makes Money

Saregama generates revenue through multiple streams, primarily from music licensing, digital streaming, and product sales. The company earns significant income from licensing its extensive music catalog to films, television shows, and advertisemen...

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Saregama generates revenue through multiple streams, primarily from music licensing, digital streaming, and product sales. The company earns significant income from licensing its extensive music catalog to films, television shows, and advertisemen...

Saregama India Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	9.38B	11.71B	8.03B	7.37B	5.76B	4.33B
Gross Profit	4.13B	4.52B	4.73B	4.13B	3.57B	2.64B
EBITDA	3.06B	2.77B	3.10B	2.70B	2.30B	1.58B
Net Income	1.92B	2.04B	1.98B	1.85B	1.53B	1.13B
Balance Sheet
Total Assets	22.86B	20.95B	20.34B	17.04B	16.88B	7.84B
Cash, Cash Equivalents and Short-Term Investments	5.54B	1.81B	1.74B	2.55B	6.83B	1.33B
Total Debt	799.00M	27.00M	54.33M	7.13M	13.03M	11.02M
Total Liabilities	6.65B	5.08B	5.61B	3.59B	3.07B	2.75B
Stockholders Equity	16.17B	15.83B	14.69B	13.42B	13.78B	5.06B
Cash Flow
Free Cash Flow	0.00	1.70B	9.71M	-183.60M	217.12M	1.68B
Operating Cash Flow	528.30M	3.31B	932.45M	848.20M	944.25M	1.90B
Investing Cash Flow	-612.10M	-2.21B	165.94M	-1.41B	-6.30B	-1.36B
Financing Cash Flow	-1.24B	-987.30M	-848.64M	-756.00M	6.77B	-494.80M

Saregama India Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 357.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SAREGAMA, the sentiment is Neutral. The current price of 357.65 is above the 20-day moving average (MA) of 333.12, above the 50-day MA of 334.69, and below the 200-day MA of 411.51, indicating a bearish trend. The MACD of -4.71 indicates Positive momentum. The RSI at 50.02 is Neutral, neither overbought nor oversold. The STOCH value of 47.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SAREGAMA.

Saregama India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ZEEL	68 Neutral	₹78.78B	13.88	―	2.65%	-4.67%	43.27%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SAREGAMA	59 Neutral	₹63.69B	32.87	―	2.59%	26.97%	8.03%
EROSMEDIA	57 Neutral	₹756.76M	―	―	―	-69.51%	71.68%
BALAJITELE	50 Neutral	₹11.31B	-12.87	―	―	-50.42%	2921.37%
RADAAN	43 Neutral	₹176.02M	-4.58	―	―	-79.97%	-219.35%
SHEMAROO	43 Neutral	₹2.76B	-1.32	―	―	-2.93%	-50.62%

Saregama India Limited Corporate Events