Saregama India Limited (SAREGAMA) AI Stock Analysis

• Market Cap: ₹91.16B
• Dividend Yield: 0.95%
• Average Volume (3M): 10.80K
• Price to Earnings (P/E): 44.6
• Beta (1Y): 0.88
• Revenue Growth: 38.81%
• EPS Growth: 6.85%
• Country: IN
• Employees: 332
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Entertainment
• EPS (TTM): 1.90
• Shares Outstanding: 192,809,500
• 10 Day Avg. Volume: 14,209
• 30 Day Avg. Volume: 10,799
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹550.00
• Price Target Upside: 16.27% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 73 Outperform
• Price Target: ₹550.00 ▲(16.27% Upside)

Saregama India Limited's overall stock score is driven by its strong financial performance, characterized by robust revenue and profit growth, low leverage, and effective cash management. Technical analysis shows neutral indicators, while the valuation suggests the stock is priced at a premium. The absence of earnings call data and corporate events does not impact the score.

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 devices, such as carvaan, mini carvaan, music cards, audio compact discs, digital versatile discs, etc., as well as deals with related music rights. The Films/TV Serials segment produces, sells, telecasts, and broadcasts films, TV serials, and pre-recorded programs, as well as deals in film rights. The Publication segment publishes OPEN, a weekly current affairs magazine. The company was formerly known as Gramophone Company of India Ltd. The company was founded in 1901 and is headquartered in Mumbai, India. Saregama India Limited is a subsidiary of Composure Services Private Limited.

How the Company Makes Money

Saregama India Limited generates revenue through multiple streams. The primary source is the licensing and distribution of its extensive music catalog to digital streaming platforms, television channels, and other media. The company also earns from physical sales, including its Carvaan music players, which are popular among consumers seeking nostalgia through pre-loaded classic songs. Additionally, Saregama produces and distributes films and television content, further diversifying its income. Significant partnerships with digital platforms and media houses enhance its distribution reach and revenue potential. The company's strategic focus on leveraging its vast content library through modern digital channels and consumer products like Carvaan plays a crucial role in its revenue model.

Saregama India Limited Financial Statement Overview

Summary

Saregama India Limited exhibits strong financial performance with significant revenue and profit growth, low leverage, and robust cash flows. The company has effectively managed costs and maintained operational efficiency, leading to improved profitability margins. The balance sheet is stable with minimal debt, and cash flows indicate strong liquidity and cash generation capabilities.

Income Statement

Saregama India Limited has demonstrated strong revenue growth with a notable increase of 45.9% from 2024 to 2025. The gross profit margin stands at 38.6%, showcasing effective cost management. The net profit margin improved to 17.4%, indicating enhanced profitability. EBIT and EBITDA margins are robust at 30.9% and 23.6%, respectively, underscoring operational efficiency. Overall, the company exhibits a healthy financial trajectory with solid top-line and bottom-line growth.

Balance Sheet

The balance sheet is strong with a low debt-to-equity ratio of 0.002, reflecting minimal leverage and financial risk. The return on equity (ROE) is impressive at 12.9%, indicating efficient use of shareholder funds. The equity ratio is solid at 75.6%, pointing to a stable capital structure with substantial equity backing. The company's financial position is sound, with a high level of cash and short-term investments.

Cash Flow

The cash flow statement shows a significant improvement in free cash flow, with a growth rate of 1646.4% from 2024 to 2025. The operating cash flow to net income ratio is 1.62, indicating strong cash generation relative to profits. The free cash flow to net income ratio stands at 0.83, highlighting effective cash management. Overall, cash flow exhibits positive trends with improved liquidity and operational cash generation.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	11.71B	11.71B	8.03B	7.37B	5.76B	4.33B
Gross Profit	4.52B	4.52B	4.73B	4.60B	3.57B	2.93B
EBITDA	3.15B	2.77B	3.10B	2.70B	2.30B	1.58B
Net Income	2.04B	2.04B	1.98B	1.85B	1.53B	1.13B
Balance Sheet
Total Assets	20.95B	20.95B	20.34B	18.43B	16.88B	7.84B
Cash, Cash Equivalents and Short-Term Investments	6.55B	6.55B	1.74B	2.55B	6.83B	1.33B
Total Debt	27.00M	27.00M	54.33M	7.13M	13.03M	11.02M
Total Liabilities	5.08B	5.08B	5.61B	3.63B	3.07B	2.75B
Stockholders Equity	15.83B	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	3.74B	3.31B	932.45M	848.20M	944.25M	1.90B
Investing Cash Flow	-2.64B	-2.21B	165.94M	-1.41B	-6.30B	-1.36B
Financing Cash Flow	-978.50M	-987.30M	-848.64M	-756.00M	6.77B	-494.80M

Saregama India Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 473.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SAREGAMA, the sentiment is Negative. The current price of 473.05 is below the 20-day moving average (MA) of 489.72, below the 50-day MA of 487.17, and below the 200-day MA of 507.67, indicating a bearish trend. The MACD of -3.10 indicates Positive momentum. The RSI at 35.52 is Neutral, neither overbought nor oversold. The STOCH value of 6.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SAREGAMA.

Saregama India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SAREGAMA	73 Outperform	₹91.16B	44.59	―	0.95%	38.81%	6.85%
ZEEL	65 Neutral	108.15B	15.34	5.89%	2.16%	-9.06%	125.31%
BALAJITELE	59 Neutral	16.16B	16.91	13.25%	―	-39.44%	844.50%
SHEMAROO	49 Neutral	3.11B	-2.74	-18.01%	―	-5.35%	-99.90%
RADAAN	41 Neutral	187.94M	-11.06	-2.87%	―	-75.43%	-259.89%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Saregama India Limited Corporate Events

Saregama India Limited to Present at RPSG Investor Day

Saregama India Limited has announced an upcoming Investor Presentation scheduled for September 8, 2025, as part of the RPSG Investor Day. This presentation is intended to provide insights into the company’s current operations and future strategies, potentially impacting its market positioning and offering valuable information to stakeholders.