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Saregama India

₹433.5 4.1 | 0.9%

Market Cap ₹8357 Cr.

Stock P/E 44.6

P/B 6.1

Current Price ₹433.5

Book Value ₹ 71.4

Face Value 1

52W High ₹490

Dividend Yield 0.69%

52W Low ₹ 303.3

Saregama India Research see more...

Overview Inc. Year: 1946Industry: Film Production, Distribution & Entertainment

Saregama India Ltd is engaged in the manufacturing of tv serials, which includes free commercial time. The Company's segments include Publication, Marketing Support Services and Music, Films/TV Serials. The Music segment manufactures and sells track cassettes and compact or digital discs, and offers with associated track rights. The Films/TV Serials section is engaged in the production and sale or telecast or broadcast of movies or tv serials and prerecorded programs, and dealing in movie rights. The Publication segment is in printing of printed material. The Marketing Support Services section includes event management offerings, public relations services, brand consultancy, management or innovative services and digital advertising and marketing. Its operations include track audio business, including Classical Music and Devotional Music packages; song publishing business; television software, and publication commercial enterprise, including a weekly current affairs magazine, OPEN.

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Saregama India Share Price

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Saregama India Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 145 150 180 166 185 182 204 163 172 204
Other Income 5 8 19 10 11 15 17 18 13 15
Total Income 150 158 198 176 196 197 221 181 186 219
Total Expenditure 101 96 125 114 128 119 154 113 111 139
Operating Profit 50 62 73 62 68 78 66 68 74 81
Interest 1 1 1 1 1 1 2 1 0 1
Depreciation 3 4 4 4 4 6 7 7 8 9
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 45 58 67 56 63 71 58 59 66 70
Provision for Tax 12 14 16 14 16 18 15 16 18 18
Profit After Tax 34 44 51 42 47 53 44 43 48 52
Adjustments 0 -0 -3 -0 -0 0 0 0 0 -0
Profit After Adjustments 34 43 48 42 47 53 44 43 48 52
Adjusted Earnings Per Share 1.9 2.3 0.3 2.2 2.4 2.8 2.3 2.3 2.5 2.7

Saregama India Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 186 177 187 222 218 357 545 521 442 576 737 743
Other Income 10 11 11 12 13 10 61 11 31 35 54 63
Total Income 196 188 198 234 232 367 605 533 473 611 790 807
Total Expenditure 170 160 176 207 209 320 511 461 312 377 516 517
Operating Profit 26 28 22 27 23 46 95 72 161 234 275 289
Interest 3 3 1 0 2 3 7 7 3 5 6 4
Depreciation 13 3 6 5 4 4 3 5 6 13 21 31
Exceptional Income / Expenses -3 0 -9 -12 0 0 0 0 0 0 0 0
Profit Before Tax 7 22 6 9 16 39 85 60 152 216 248 253
Provision for Tax -0 5 -0 2 7 11 30 17 38 52 63 67
Profit After Tax 7 17 6 7 9 28 54 43 113 164 185 187
Adjustments 1 2 1 -0 -0 0 -0 0 -1 -12 0 0
Profit After Adjustments 8 19 7 7 8 29 54 44 113 153 185 187
Adjusted Earnings Per Share 0.5 1.1 0.4 0.4 0.5 1.6 3.1 2.5 6.5 7.9 9.6 9.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 28% 12% 16% 15%
Operating Profit CAGR 18% 56% 43% 27%
PAT CAGR 13% 63% 46% 39%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 30% 30% 52% 52%
ROE Average 15% 22% 20% 14%
ROCE Average 20% 30% 27% 18%

Saregama India Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 113 166 168 174 340 382 428 399 506 1378 1342
Minority's Interest 3 3 3 2 3 2 3 2 3 3 3
Borrowings 2 3 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities -4 -5 -6 -9 47 50 61 49 55 61 51
Total Current Liabilities 126 97 103 122 132 195 288 261 348 426 548
Total Liabilities 241 265 267 290 521 629 780 711 913 1868 1944
Fixed Assets 89 102 84 85 196 195 213 217 224 276 336
Other Non-Current Assets 43 43 43 46 141 169 157 85 129 180 116
Total Current Assets 109 119 140 159 184 266 410 409 561 1412 1492
Total Assets 241 265 267 290 521 629 780 711 913 1868 1944

Saregama India Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 11 12 10 5 25 19 9 5 7 11 153
Cash Flow from Operating Activities 6 27 3 32 -4 -19 -36 79 190 94 93
Cash Flow from Investing Activities -4 -4 -1 -4 0 -0 -6 -5 -136 -630 -148
Cash Flow from Financing Activities -1 -25 -6 -8 -3 9 38 -72 -49 677 -75
Net Cash Inflow / Outflow 0 -2 -4 20 -7 -10 -4 2 4 141 -130
Closing Cash & Cash Equivalent 12 10 5 26 19 9 5 7 11 153 17

Saregama India Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0.47 1.09 0.39 0.39 0.48 1.64 3.11 2.52 6.46 7.91 9.61
CEPS(Rs) 1.17 1.16 0.72 0.71 0.75 1.86 3.31 2.76 6.83 9.2 10.68
DPS(Rs) 0.15 0.15 0.15 0.15 0.15 0.3 0.3 0.15 2 3 3
Book NAV/Share(Rs) 4.73 7.77 7.91 8.27 13.57 15.99 18.65 16.64 22.96 65.66 63.7
Core EBITDA Margin(%) 8.52 9.78 5.81 6.52 4.32 10.17 6.24 11.6 29.44 34.52 30
EBIT Margin(%) 5.39 14.05 3.53 4.33 8.37 11.86 16.75 12.86 35.15 38.3 34.45
Pre Tax Margin(%) 3.88 12.4 3.21 4.11 7.29 10.92 15.55 11.57 34.37 37.52 33.68
PAT Margin (%) 4.01 9.54 3.36 3.1 3.96 7.94 9.97 8.34 25.67 28.53 25.12
Cash Profit Margin (%) 10.97 11.35 6.72 5.55 5.99 9.1 10.58 9.23 26.94 30.79 27.95
ROA(%) 3.13 6.7 2.35 2.47 2.13 4.92 7.71 5.84 13.98 11.82 9.71
ROE(%) 9.37 15.57 4.59 4.88 4.55 11 18.02 14.15 32.88 19.73 14.84
ROCE(%) 7.18 17.14 4.49 6.55 9.46 15.85 26.72 19.35 43.96 26.45 20.32
Receivable days 66.16 75.92 89.59 82.52 82.13 64.13 61.24 76.36 80.86 61.81 63.37
Inventory Days 21.66 11.92 8.13 5.46 9.7 30.53 48.78 66.47 67.24 55.31 66.82
Payable days 653.92 1068.76 9257.05 1433.59 -5139.44 207.73 101.25 190.61 457.75 523.41 569.08
PER(x) 12.52 5.89 31.88 68.78 47.99 40.16 19.06 7.78 24.68 61.01 34.4
Price/Book(x) 1.23 0.82 1.57 3.27 1.71 4.11 3.18 1.18 6.94 7.35 5.19
Dividend Yield(%) 2.57 2.34 1.21 0.56 0.65 0.46 0.51 0.76 1.25 0.62 0.91
EV/Net Sales(x) 0.77 0.64 1.17 2.02 1.77 3.23 2 0.66 5.96 15.6 7.96
EV/Core EBITDA(x) 5.46 4.03 9.91 16.81 17.06 24.77 11.51 4.77 16.36 38.45 21.36
Net Sales Growth(%) 15.68 -4.57 5.09 18.84 -1.44 63.2 52.76 -4.27 -15.25 30.37 27.84
EBIT Growth(%) -26.75 148.62 -73.59 45.67 90.62 131.26 115.74 -26.5 131.66 42.06 14.99
PAT Growth(%) 786.82 126.72 -62.99 9.59 25.96 227.24 91.96 -19.94 160.87 44.89 12.56
EPS Growth(%) 636.55 133.36 -64.2 0.98 23.02 239.02 89.77 -18.88 156.14 22.55 21.45
Debt/Equity(x) 0.74 0.09 0.06 0.03 0.01 0.06 0.2 0.03 0 0 0
Current Ratio(x) 0.86 1.22 1.36 1.3 1.39 1.36 1.42 1.57 1.61 3.31 2.72
Quick Ratio(x) 0.8 1.19 1.31 1.29 1.31 1.11 1.09 1.21 1.41 3.07 2.42
Interest Cover(x) 3.56 8.49 10.91 20 7.77 12.56 13.91 9.99 45.02 48.83 44.41
Total Debt/Mcap(x) 0.6 0.11 0.04 0.01 0.01 0.01 0.06 0.03 0 0 0

Saregama India Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 57.65 57.65 58.49 58.49 58.49 58.49 58.83 59.09 59.09 59.09
FII 16.55 17.09 17.3 17.24 17.48 17.71 17.79 17.12 16.81 16.05
DII 3.65 3.09 2.67 2.67 2.65 2.44 2.28 2.38 2.62 2.59
Public 22.15 22.17 21.55 21.6 21.38 21.37 21.1 21.41 21.48 22.27
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 45% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 22%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 523.41 to 569.08days.
  • Stock is trading at 6.1 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.

Saregama India News

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