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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Saregama India Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:53 am

Market Cap 9,585 Cr.
Current Price 497
High / Low 689/326
Stock P/E51.0
Book Value 80.5
Dividend Yield0.81 %
ROCE19.6 %
ROE14.2 %
Face Value 1.00
PEG Ratio1.58

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hathway Bhawani Cabletel & Datacom Ltd 14.6 Cr. 18.0 23.7/16.2 1.990.00 %2.26 %2.26 % 10.0
G V Films Ltd 134 Cr. 0.72 1.20/0.60 0.610.00 %2.27 %2.08 % 1.00
Encash Entertainment Ltd 11.3 Cr. 29.0 29.0/29.0 21.30.00 %3.81 %3.93 % 10.0
Diksat Transworld Ltd 249 Cr. 142 149/126144 13.70.00 %3.36 %4.21 % 10.0
Cyber Media (India) Ltd 40.3 Cr. 25.7 44.0/20.616.4 0.650.00 %45.5 %% 10.0
Industry Average3,550.71 Cr155.03190.1953.160.20%37.30%11.77%5.94

All Competitor Stocks of

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales123105145150180166185182204163172204263
Expenses896810196129114128119154113111139193
Operating Profit34374454515257634950616670
OPM %28%35%31%36%29%31%31%35%24%31%35%32%27%
Other Income19358191011151718131518
Interest1111111121010
Depreciation22344446678912
Profit before tax50374558645663715859667076
Tax %26%26%25%25%25%26%25%26%25%27%27%25%29%
Net Profit37273444484247534443485254
EPS in Rs2.131.561.942.252.502.172.412.762.272.252.492.712.79

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales186177187222218357545521442576737803
Expenses170160184209209320507461312377516556
Operating Profit16172139363860130199221247
OPM %9%10%1%6%4%10%7%12%29%35%30%31%
Other Income7111121310561131235464
Interest331023773563
Depreciation1336544356132136
Profit before tax7226916398560152204248271
Tax %-3%23%-5%25%46%27%36%28%25%25%25%27%
Net Profit717679285444113153185198
EPS in Rs0.471.090.390.390.481.643.112.536.477.919.6010.24
Dividend Payout %32%14%39%38%31%18%10%6%31%38%31%39%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)142.86%-64.71%16.67%28.57%211.11%92.86%-18.52%156.82%35.40%20.92%7.03%
Change in YoY Net Profit Growth (%)0.00%-207.56%81.37%11.90%182.54%-118.25%-111.38%175.34%-121.42%-14.48%-13.89%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:16%
5 Years:8%
3 Years:22%
TTM:27%
Compounded Profit Growth
10 Years:28%
5 Years:30%
3 Years:21%
TTM:0%
Stock Price CAGR
10 Years:42%
5 Years:65%
3 Years:2%
1 Year:42%
Return on Equity
10 Years:14%
5 Years:15%
3 Years:14%
Last Year:14%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:43 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital17171717171717171719191919
Reserves951481501573223644113814881,3581,3231,4501,534
Borrowings611384316641011155
Other Liabilities71657289137181217211277309361559749
Total Liabilities2452442472674805787096207841,6881,7042,0342,307
Fixed Assets891028485199197215219226278338742789
CWIP0000000022460
Investments4040404013215114875137676239118137
Other Assets1161011241431492303453254207321,1241,1681,381
Total Assets2452442472674805787096207841,6881,7042,0342,307

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +627332-4-19-3679190949393
Cash from Investing Activity +-4-4-1-400-6-5-136-630-15432
Cash from Financing Activity +-1-25-6-8-3938-72-49677-75-85
Net Cash Flow0-2-420-7-10-424142-13640

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-45.004.00-6.009.006.0020.00-26.0050.00129.00198.00220.00242.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days7277106768775747672687372
Inventory Days1,030270266376
Days Payable838165114147
Cash Conversion Cycle72771067687757476264173226302
Working Capital Days444277235978120104358498122
ROCE %8%14%4%11%7%11%20%15%34%23%19%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters63.77%57.65%57.65%58.49%58.49%58.49%58.49%58.83%59.09%59.09%59.09%59.22%
FIIs9.52%16.55%17.09%17.30%17.24%17.47%17.70%17.79%17.12%16.81%16.05%17.22%
DIIs2.84%3.65%3.09%2.67%2.66%2.65%2.43%2.27%2.38%2.62%2.58%3.22%
Public23.66%21.96%22.07%21.44%21.47%21.23%21.13%20.86%21.15%21.22%22.00%20.07%
Others0.22%0.20%0.10%0.10%0.11%0.15%0.24%0.24%0.26%0.26%0.26%0.26%
No. of Shareholders38,66341,03645,33160,75363,53063,53664,67169,38172,90377,33872,43362,698

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Tata Retirement Savings Fund - Progressive Plan - Regular Plan451,9600.9716.75142,9962024-12-21216.06%
Union Innovation & Opportunities Fund292,9621.9110.86142,9962024-12-21104.87%
LIC MF Multi Cap Fund216,4630.998.02142,9962024-12-2151.38%
WhiteOak Capital Flexi Cap Fund185,8550.246.89142,9962024-12-2129.97%
WhiteOak Capital Mid Cap Fund142,9960.375.3142,9962024-12-210%
360 ONE FlexiCap Fund129,1111.454.79142,9962024-12-21-9.71%
360 ONE Balanced Hybrid Fund88,4500.653.28142,9962024-12-21-38.15%
WhiteOak Capital Multi Cap Fund52,1510.331.93142,9962024-12-21-63.53%
Nippon India Nifty Smallcap 250 Index Fund51,1150.21.89142,9962024-12-21-64.25%
Motilal Oswal Nifty Smallcap 250 Index Fund31,9430.21.18142,9962024-12-21-77.66%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.0010.0010.00
Basic EPS (Rs.)10.279.638.4365.6125.29
Diluted EPS (Rs.)10.279.638.4264.9725.26
Cash EPS (Rs.)12.1210.688.6068.3227.62
Book Value[Excl.RevalReserv]/Share (Rs.)70.6264.0371.62292.01230.14
Book Value[Incl.RevalReserv]/Share (Rs.)76.3769.7871.62292.01230.14
Revenue From Operations / Share (Rs.)41.6538.2030.11253.59299.25
PBDIT / Share (Rs.)16.0914.2411.5292.3641.15
PBIT / Share (Rs.)14.2113.1610.8489.1438.48
PBT / Share (Rs.)14.0412.8710.6087.1634.63
Net Profit / Share (Rs.)10.259.607.9265.1024.96
NP After MI And SOA / Share (Rs.)10.259.617.9164.5825.21
PBDIT Margin (%)38.6337.2738.2436.4213.74
PBIT Margin (%)34.1234.4535.9835.1512.86
PBT Margin (%)33.7233.6735.2034.3711.57
Net Profit Margin (%)24.6025.1226.2825.678.34
NP After MI And SOA Margin (%)24.6025.1626.2825.468.42
Return on Networth / Equity (%)14.5415.0511.0722.2511.01
Return on Capital Employeed (%)15.7718.1714.4827.5214.89
Return On Assets (%)9.7110.879.0414.357.08
Total Debt / Equity (X)0.000.000.000.000.02
Asset Turnover Ratio (%)0.420.430.460.620.75
Current Ratio (X)4.124.075.011.971.88
Quick Ratio (X)3.313.534.581.651.32
Dividend Payout Ratio (NP) (%)39.0331.2037.9033.290.00
Dividend Payout Ratio (CP) (%)32.9928.0534.9031.710.00
Earning Retention Ratio (%)60.9768.8062.1066.710.00
Cash Earning Retention Ratio (%)67.0171.9565.1068.290.00
Interest Coverage Ratio (X)95.6848.0549.1346.6510.68
Interest Coverage Ratio (Post Tax) (X)61.9433.3834.7833.887.48
Enterprise Value (Cr.)6139.985870.3592776.362636.35344.47
EV / Net Operating Revenue (X)7.657.97159.795.970.66
EV / EBITDA (X)19.7921.38417.8516.384.80
MarketCap / Net Operating Revenue (X)8.318.65160.346.290.65
Retention Ratios (%)60.9668.7962.0966.700.00
Price / BV (X)4.925.1867.575.490.85
Price / Net Operating Revenue (X)8.318.65160.346.290.65
EarningsYield0.020.020.000.040.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 587.70

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Undervalued by 18.25% compared to the current share price 497.00

Intrinsic Value of as of December 22, 2024 is: 777.31

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 56.40% compared to the current share price 497.00

Last 5 Year EPS CAGR: 32.26%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 15.50%, which is a positive sign.
  2. The company has higher reserves (629.31 cr) compared to borrowings (14.77 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (414.25 cr) and profit (93.25 cr) over the years.
  1. The stock has a high average Working Capital Days of 73.83, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 134.00, which may not be favorable.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 24.6%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 15.77% (Industry Average ROCE: 35.15%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 14.54% (Industry Average ROE: 9.28%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 61.94
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 3.31
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 51 (Industry average Stock P/E: 98.75)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Saregama India Ltd. is a Public Limited Listed company incorporated on 13/08/1946 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L22213WB1946PLC014346 and registration number is 014346. Currently Company is involved in the business activities of Sound recording and music publishing activities. Company’s Total Operating Revenue is Rs. 568.31 Cr. and Equity Capital is Rs. 19.28 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Entertainment & Media33, Jessore Road, Dum Dum, Kolkata West Bengal 700028co.sec@saregama.com
http://www.saregama.com
Management
NamePosition Held
Dr. Sanjiv GoenkaChairman & Non-Exe.Director
Mrs. Avarna JainVice Chairman & Non Exe.Dire
Mr. Vikram MehraManaging Director
Mrs. Preeti GoenkaNon Executive Director
Mr. Santanu BhattacharyaInd. Non-Executive Director
Mr. Noshir Naval FramjeeInd. Non-Executive Director
Mr. Umang KanoriaInd. Non-Executive Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹587.70, which is 18.25% higher than the current market price of ₹497.00. The stock has a market capitalization of 9,585 Cr. and recorded a high/low of 689/326 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,534 Cr and total liabilities of ₹2,307 Cr.

What is the Market Cap of ?

The Market Cap of is 9,585 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 497.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 689/326.

What is the Stock P/E of ?

The Stock P/E of is 51.0.

What is the Book Value of ?

The Book Value of is 80.5.

What is the Dividend Yield of ?

The Dividend Yield of is 0.81 %.

What is the ROCE of ?

The ROCE of is 19.6 %.

What is the ROE of ?

The ROE of is 14.2 %.

What is the Face Value of ?

The Face Value of is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE