Saregama India Limited (IN:SAREGAMA)
:SAREGAMA
Want to see IN:SAREGAMA full AI Analyst Report?
Top Page
Saregama India Limited
(SAREGAMA)
Select Model
Select Model
Rating:72Outperform
Price Target:
₹462.00
▲(29.18% Upside)
Action:Upgraded
Date:05/18/26
The score is led by strong underlying financial quality (notably a very strong balance sheet and solid profitability), supported by positive price trend signals. It is held back by inconsistent cash flow/free cash flow and a relatively high valuation multiple.
Positive Factors
Balance sheet strength
A very conservative capital structure with near-zero leverage historically and only modest debt in FY2026 preserves solvency and optionality. This durable strength reduces refinancing and distress risk, supports investment in catalog and products, and underpins steady long-term strategic execution.
Negative Factors
Volatile cash flow and negative FCF periods
Inconsistent conversion of earnings to free cash flow and sharp OCF swings reduce financial flexibility. Recurrent negative FCF episodes constrain reinvestment, dividends or buybacks, and raise execution risk for catalog acquisitions or product capex over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
A very conservative capital structure with near-zero leverage historically and only modest debt in FY2026 preserves solvency and optionality. This durable strength reduces refinancing and distress risk, supports investment in catalog and products, and underpins steady long-term strategic execution.
Read all positive factors
Saregama India Limited (SAREGAMA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹80.32B
Dividend Yield2.59%
Average Volume (3M)11.22K
Price to Earnings (P/E)40.1
Beta (1Y)0.41
Revenue Growth-15.94%
EPS Growth0.82%
CountryIN
Employees332
SectorConsumer Cyclical
Sector Strength84
IndustryEntertainment
Share Statistics
EPS (TTM)10.71
Shares Outstanding192,809,500
10 Day Avg. Volume9,647
30 Day Avg. Volume11,219
Financial Highlights & Ratios
PEG Ratio28.73
Price to Book (P/B)3.64
Price to Sales (P/S)6.26
P/FCF Ratio-76.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)11.6
Revenue Forecast (FY)₹11.99B
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...
How the Company Makes Money
Saregama primarily makes money by monetizing intellectual property (IP) rights in music and related content across multiple channels. (1) Music licensing and exploitation: The company earns recurring revenue by licensing its owned/controlled music...
Saregama India Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
54
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.85B | 11.71B | 8.03B | 7.37B | 5.76B |
| Gross Profit | 4.76B | 4.52B | 4.73B | 4.13B | 3.57B |
| EBITDA | 3.37B | 2.77B | 3.10B | 2.70B | 2.30B |
| Net Income | 2.07B | 2.04B | 1.98B | 1.85B | 1.53B |
Balance Sheet | |||||
| Total Assets | 23.22B | 20.95B | 20.34B | 17.04B | 16.88B |
| Cash, Cash Equivalents and Short-Term Investments | 2.17B | 1.81B | 1.74B | 2.55B | 6.83B |
| Total Debt | 725.80M | 27.00M | 54.33M | 7.13M | 13.03M |
| Total Liabilities | 6.27B | 5.08B | 5.61B | 3.59B | 3.07B |
| Stockholders Equity | 16.93B | 15.83B | 14.69B | 13.42B | 13.78B |
Cash Flow | |||||
| Free Cash Flow | -809.30M | 1.70B | 9.71M | -183.60M | 217.12M |
| Operating Cash Flow | 1.33B | 3.31B | 932.45M | 848.20M | 944.25M |
| Investing Cash Flow | -1.49B | -2.21B | 165.94M | -1.41B | -6.30B |
| Financing Cash Flow | -288.20M | -987.30M | -848.64M | -756.00M | 6.77B |
Saregama India Limited Technical Analysis
Positive
357.65
Price Trends
353.78
Positive
347.53
Positive
391.86
Positive
Market Momentum
18.71
Negative
68.57
Neutral
67.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SAREGAMA, the sentiment is Positive. The current price of 357.65 is below the 20-day moving average (MA) of 377.50, above the 50-day MA of 353.78, and below the 200-day MA of 391.86, indicating a bullish trend. The MACD of 18.71 indicates Negative momentum. The RSI at 68.57 is Neutral, neither overbought nor oversold. The STOCH value of 67.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SAREGAMA.
Saregama India Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ₹85.73B | 39.07 | ― | 2.08% | 20.87% | 30.25% | |
72 Outperform | ₹80.32B | 40.10 | ― | 2.59% | -15.94% | 0.82% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | ₹756.76M | -6.73 | ― | ― | -67.74% | 46.53% | |
47 Neutral | ₹1.55B | -9.93 | ― | ― | 113.77% | 65.09% | |
46 Neutral | ₹11.22B | -22.12 | ― | ― | -53.47% | -148.75% | |
44 Neutral | ₹2.99B | -1.30 | ― | ― | -14.89% | -156.90% |
* Consumer Cyclical Sector Average
IN:SAREGAMA
Saregama India Limited
424.70
-110.89
-20.70%
IN:BALAJITELE
Balaji Telefilms Limited
90.40
9.86
12.24%
IN:EROSMEDIA
Eros International Media Limited
7.89
1.59
25.24%
IN:SHEMAROO
Shemaroo Entertainment Ltd.
106.50
-1.50
-1.39%
IN:TIPSFILMS
Tips Films Limited
359.00
-181.45
-33.57%
IN:TIPSMUSIC
Tips Music Limited
663.45
28.97
4.57%
Saregama India Limited Corporate Events
Saregama Opens One-Year Special Window for Legacy Physical Share Transfers
Mar 6, 2026
Saregama India Limited has announced, via newspaper advertisements, the opening of a special one-year window to re-lodge transfer requests for physical shares that were sold or purchased before April 1, 2019 but were earlier rejected, returned, or...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.