Saregama India Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 8, 2025, 10:54 am

Market Cap	9,475 Cr.
Current Price	491
High / Low	689/339
Stock P/E	47.9
Book Value	80.5
Dividend Yield	0.92 %
ROCE	19.6 %
ROE	14.2 %
Face Value	1.00
PEG Ratio	4.96

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Saregama India Ltd

Competitors of Saregama India Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Hathway Bhawani Cabletel & Datacom Ltd	13.2 Cr.	16.3	23.7/14.9		1.99	0.00 %	2.26 %	2.26 %	10.0
G V Films Ltd	114 Cr.	0.61	1.04/0.52		0.61	0.00 %	2.27 %	2.08 %	1.00
Encash Entertainment Ltd	11.3 Cr.	29.0	/		21.3	0.00 %	3.81 %	3.93 %	10.0
Diksat Transworld Ltd	260 Cr.	148	149/126	150	13.7	0.00 %	3.36 %	4.21 %	10.0
Cyber Media (India) Ltd	22.7 Cr.	15.0	35.0/13.8	36.1	0.65	0.00 %	45.5 %	%	10.0
Industry Average	2,440.31 Cr	111.22		182.09	49.80	0.26%	37.74%	11.68%	5.94

All Competitor Stocks of Saregama India Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	150	180	166	185	182	204	163	172	204	263	205	242	483
Expenses	96	129	114	128	119	154	113	111	139	193	154	181	399
Operating Profit	54	51	52	57	63	49	50	61	66	70	51	61	84
OPM %	36%	29%	31%	31%	35%	24%	31%	35%	32%	27%	25%	25%	17%
Other Income	8	19	10	11	15	17	18	13	15	18	12	13	16
Interest	1	1	1	1	1	2	1	0	1	0	0	0	0
Depreciation	4	4	4	4	6	6	7	8	9	12	13	14	15
Profit before tax	58	64	56	63	71	58	59	66	70	76	51	59	84
Tax %	25%	25%	26%	25%	26%	25%	27%	27%	25%	29%	27%	24%	26%
Net Profit	44	48	42	47	53	44	43	48	52	54	37	45	62
EPS in Rs	2.25	2.50	2.17	2.41	2.76	2.27	2.25	2.49	2.71	2.79	1.91	2.33	3.23

Last Updated: February 28, 2025, 5:20 pm

Below is a detailed analysis of the quarterly data for Saregama India Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹483.00 Cr.. The value appears strong and on an upward trend. It has increased from 242.00 Cr. (Sep 2024) to ₹483.00 Cr., marking an increase of ₹241.00 Cr..
For Expenses, as of Dec 2024, the value is ₹399.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 181.00 Cr. (Sep 2024) to ₹399.00 Cr., marking an increase of ₹218.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹84.00 Cr.. The value appears strong and on an upward trend. It has increased from 61.00 Cr. (Sep 2024) to ₹84.00 Cr., marking an increase of ₹23.00 Cr..
For OPM %, as of Dec 2024, the value is 17.00%. The value appears to be declining and may need further review. It has decreased from 25.00% (Sep 2024) to 17.00%, marking a decrease of 8.00%.
For Other Income, as of Dec 2024, the value is ₹16.00 Cr.. The value appears strong and on an upward trend. It has increased from 13.00 Cr. (Sep 2024) to ₹16.00 Cr., marking an increase of ₹3.00 Cr..
For Interest, as of Dec 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 0.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹15.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 14.00 Cr. (Sep 2024) to ₹15.00 Cr., marking an increase of ₹1.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹84.00 Cr.. The value appears strong and on an upward trend. It has increased from 59.00 Cr. (Sep 2024) to ₹84.00 Cr., marking an increase of ₹25.00 Cr..
For Tax %, as of Dec 2024, the value is 26.00%. The value appears to be increasing, which may not be favorable. It has increased from 24.00% (Sep 2024) to 26.00%, marking an increase of 2.00%.
For Net Profit, as of Dec 2024, the value is ₹62.00 Cr.. The value appears strong and on an upward trend. It has increased from 45.00 Cr. (Sep 2024) to ₹62.00 Cr., marking an increase of ₹17.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 3.23. The value appears strong and on an upward trend. It has increased from ₹2.33 (Sep 2024) to 3.23, marking an increase of ₹0.90.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 2:57 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	186	177	187	222	218	357	545	521	442	576	737	803	1,194
Expenses	170	160	184	209	209	320	507	461	312	377	516	554	927
Operating Profit	16	17	2	13	9	36	38	60	130	199	221	249	267
OPM %	9%	10%	1%	6%	4%	10%	7%	12%	29%	35%	30%	31%	22%
Other Income	7	11	11	2	13	10	56	11	31	23	54	61	58
Interest	3	3	1	0	2	3	7	7	3	5	6	3	1
Depreciation	13	3	6	5	4	4	3	5	6	13	21	36	53
Profit before tax	7	22	6	9	16	39	85	60	152	204	248	271	270
Tax %	-3%	23%	-5%	25%	46%	27%	36%	28%	25%	25%	25%	27%
Net Profit	7	17	6	7	9	28	54	44	113	153	185	198	198
EPS in Rs	0.47	1.09	0.39	0.39	0.48	1.64	3.11	2.53	6.47	7.91	9.60	10.24	10.26
Dividend Payout %	32%	14%	39%	38%	31%	18%	10%	6%	31%	38%	31%	39%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
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%

Saregama India Ltd 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:	61%

Compounded Profit Growth
10 Years:	28%
5 Years:	30%
3 Years:	21%
TTM:	6%

Stock Price CAGR
10 Years:	44%
5 Years:	79%
3 Years:	2%
1 Year:	33%

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	17	17	17	17	17	17	17	17	17	19	19	19	19
Reserves	95	148	150	157	322	364	411	381	488	1,358	1,323	1,450	1,534
Borrowings	61	13	8	4	3	16	64	10	1	1	1	5	5
Other Liabilities	71	65	72	89	137	181	217	211	277	309	361	559	749
Total Liabilities	245	244	247	267	480	578	709	620	784	1,688	1,704	2,034	2,307
Fixed Assets	89	102	84	85	199	197	215	219	226	278	338	742	789
CWIP	0	0	0	0	0	0	0	0	2	2	4	6	0
Investments	40	40	40	40	132	151	148	75	137	676	239	118	137
Other Assets	116	101	124	143	149	230	345	325	420	732	1,124	1,168	1,381
Total Assets	245	244	247	267	480	578	709	620	784	1,688	1,704	2,034	2,307

Below is a detailed analysis of the balance sheet data for Saregama India Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹19.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹19.00 Cr..
For Reserves, as of Sep 2024, the value is ₹1,534.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹1,450.00 Cr. (Mar 2024) to ₹1,534.00 Cr., marking an increase of 84.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹5.00 Cr.. The value remains steady. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. There is no change compared to the previous period (Mar 2024) which recorded ₹5.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹749.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹559.00 Cr. (Mar 2024) to ₹749.00 Cr., marking an increase of 190.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹2,307.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹2,034.00 Cr. (Mar 2024) to ₹2,307.00 Cr., marking an increase of 273.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹789.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹742.00 Cr. (Mar 2024) to ₹789.00 Cr., marking an increase of 47.00 Cr..
For CWIP, as of Sep 2024, the value is ₹0.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹6.00 Cr. (Mar 2024) to ₹0.00 Cr., marking a decrease of 6.00 Cr..
For Investments, as of Sep 2024, the value is ₹137.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹118.00 Cr. (Mar 2024) to ₹137.00 Cr., marking an increase of 19.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹1,381.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹1,168.00 Cr. (Mar 2024) to ₹1,381.00 Cr., marking an increase of 213.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹2,307.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2,034.00 Cr. (Mar 2024) to ₹2,307.00 Cr., marking an increase of 273.00 Cr..

Notably, the Reserves (₹1,534.00 Cr.) exceed the Borrowings (5.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	6	27	3	32	-4	-19	-36	79	190	94	93	93
Cash from Investing Activity +	-4	-4	-1	-4	0	0	-6	-5	-136	-630	-154	32
Cash from Financing Activity +	-1	-25	-6	-8	-3	9	38	-72	-49	677	-75	-85
Net Cash Flow	0	-2	-4	20	-7	-10	-4	2	4	142	-136	40

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-45.00	4.00	-6.00	9.00	6.00	20.00	-26.00	50.00	129.00	198.00	220.00	244.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	72	77	106	76	87	75	74	76	72	68	73	72
Inventory Days									1,030	270	266	376
Days Payable									838	165	114	147
Cash Conversion Cycle	72	77	106	76	87	75	74	76	264	173	226	302
Working Capital Days	44	42	77	23	59	78	120	104	35	84	98	122
ROCE %	8%	14%	4%	11%	7%	11%	20%	15%	34%	23%	19%	20%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	57.65%	58.49%	58.49%	58.49%	58.49%	58.83%	59.09%	59.09%	59.09%	59.22%	59.38%	59.50%
FIIs	17.09%	17.30%	17.24%	17.47%	17.70%	17.79%	17.12%	16.81%	16.05%	17.22%	17.29%	15.70%
DIIs	3.09%	2.67%	2.66%	2.65%	2.43%	2.27%	2.38%	2.62%	2.58%	3.22%	4.00%	4.68%
Public	22.07%	21.44%	21.47%	21.23%	21.13%	20.86%	21.15%	21.22%	22.00%	20.07%	19.08%	19.90%
Others	0.10%	0.10%	0.11%	0.15%	0.24%	0.24%	0.26%	0.26%	0.26%	0.26%	0.24%	0.24%
No. of Shareholders	45,331	60,753	63,530	63,536	64,671	69,381	72,903	77,338	72,433	62,698	65,629	73,232

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Tata Retirement Savings Fund - Progressive Plan - Regular Plan	451,960	0.97	16.75	51,115	2025-03-10	784.2%
Union Innovation & Opportunities Fund	292,962	1.91	10.86	51,115	2025-03-10	473.14%
LIC MF Multi Cap Fund	216,463	0.99	8.02	51,115	2025-03-10	323.48%
WhiteOak Capital Flexi Cap Fund	185,855	0.24	6.89	51,115	2025-03-10	263.6%
WhiteOak Capital Mid Cap Fund	142,996	0.37	5.3	51,115	2025-03-10	179.75%
360 ONE FlexiCap Fund	129,111	1.45	4.79	51,115	2025-03-10	152.59%
360 ONE Balanced Hybrid Fund	88,450	0.65	3.28	51,115	2025-03-10	73.04%
WhiteOak Capital Multi Cap Fund	52,151	0.33	1.93	51,115	2025-03-10	2.03%
Nippon India Nifty Smallcap 250 Index Fund	51,115	0.2	1.89	51,115	2025-03-10	0%
Motilal Oswal Nifty Smallcap 250 Index Fund	31,943	0.2	1.18	51,115	2025-03-10	-37.51%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	10.00	10.00
Basic EPS (Rs.)	10.27	9.63	8.43	65.61	25.29
Diluted EPS (Rs.)	10.27	9.63	8.42	64.97	25.26
Cash EPS (Rs.)	12.12	10.68	8.60	68.32	27.62
Book Value[Excl.RevalReserv]/Share (Rs.)	70.62	64.03	71.62	292.01	230.14
Book Value[Incl.RevalReserv]/Share (Rs.)	76.37	69.78	71.62	292.01	230.14
Revenue From Operations / Share (Rs.)	41.65	38.20	30.11	253.59	299.25
PBDIT / Share (Rs.)	16.09	14.24	11.52	92.36	41.15
PBIT / Share (Rs.)	14.21	13.16	10.84	89.14	38.48
PBT / Share (Rs.)	14.04	12.87	10.60	87.16	34.63
Net Profit / Share (Rs.)	10.25	9.60	7.92	65.10	24.96
NP After MI And SOA / Share (Rs.)	10.25	9.61	7.91	64.58	25.21
PBDIT Margin (%)	38.63	37.27	38.24	36.42	13.74
PBIT Margin (%)	34.12	34.45	35.98	35.15	12.86
PBT Margin (%)	33.72	33.67	35.20	34.37	11.57
Net Profit Margin (%)	24.60	25.12	26.28	25.67	8.34
NP After MI And SOA Margin (%)	24.60	25.16	26.28	25.46	8.42
Return on Networth / Equity (%)	14.54	15.05	11.07	22.25	11.01
Return on Capital Employeed (%)	15.77	18.17	14.48	27.52	14.89
Return On Assets (%)	9.71	10.87	9.04	14.35	7.08
Total Debt / Equity (X)	0.00	0.00	0.00	0.00	0.02
Asset Turnover Ratio (%)	0.42	0.43	0.46	0.62	0.75
Current Ratio (X)	4.12	4.07	5.01	1.97	1.88
Quick Ratio (X)	3.31	3.53	4.58	1.65	1.32
Dividend Payout Ratio (NP) (%)	39.03	31.20	37.90	33.29	0.00
Dividend Payout Ratio (CP) (%)	32.99	28.05	34.90	31.71	0.00
Earning Retention Ratio (%)	60.97	68.80	62.10	66.71	0.00
Cash Earning Retention Ratio (%)	67.01	71.95	65.10	68.29	0.00
Interest Coverage Ratio (X)	95.68	48.05	49.13	46.65	10.68
Interest Coverage Ratio (Post Tax) (X)	61.94	33.38	34.78	33.88	7.48
Enterprise Value (Cr.)	6139.98	5870.35	92776.36	2636.35	344.47
EV / Net Operating Revenue (X)	7.65	7.97	159.79	5.97	0.66
EV / EBITDA (X)	19.79	21.38	417.85	16.38	4.80
MarketCap / Net Operating Revenue (X)	8.31	8.65	160.34	6.29	0.65
Retention Ratios (%)	60.96	68.79	62.09	66.70	0.00
Price / BV (X)	4.92	5.18	67.57	5.49	0.85
Price / Net Operating Revenue (X)	8.31	8.65	160.34	6.29	0.65
EarningsYield	0.02	0.02	0.00	0.04	0.12

After reviewing the key financial ratios for Saregama India Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 10.27. This value is within the healthy range. It has increased from 9.63 (Mar 23) to 10.27, marking an increase of 0.64.
For Diluted EPS (Rs.), as of Mar 24, the value is 10.27. This value is within the healthy range. It has increased from 9.63 (Mar 23) to 10.27, marking an increase of 0.64.
For Cash EPS (Rs.), as of Mar 24, the value is 12.12. This value is within the healthy range. It has increased from 10.68 (Mar 23) to 12.12, marking an increase of 1.44.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 70.62. It has increased from 64.03 (Mar 23) to 70.62, marking an increase of 6.59.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 76.37. It has increased from 69.78 (Mar 23) to 76.37, marking an increase of 6.59.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 41.65. It has increased from 38.20 (Mar 23) to 41.65, marking an increase of 3.45.
For PBDIT / Share (Rs.), as of Mar 24, the value is 16.09. This value is within the healthy range. It has increased from 14.24 (Mar 23) to 16.09, marking an increase of 1.85.
For PBIT / Share (Rs.), as of Mar 24, the value is 14.21. This value is within the healthy range. It has increased from 13.16 (Mar 23) to 14.21, marking an increase of 1.05.
For PBT / Share (Rs.), as of Mar 24, the value is 14.04. This value is within the healthy range. It has increased from 12.87 (Mar 23) to 14.04, marking an increase of 1.17.
For Net Profit / Share (Rs.), as of Mar 24, the value is 10.25. This value is within the healthy range. It has increased from 9.60 (Mar 23) to 10.25, marking an increase of 0.65.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 10.25. This value is within the healthy range. It has increased from 9.61 (Mar 23) to 10.25, marking an increase of 0.64.
For PBDIT Margin (%), as of Mar 24, the value is 38.63. This value is within the healthy range. It has increased from 37.27 (Mar 23) to 38.63, marking an increase of 1.36.
For PBIT Margin (%), as of Mar 24, the value is 34.12. This value exceeds the healthy maximum of 20. It has decreased from 34.45 (Mar 23) to 34.12, marking a decrease of 0.33.
For PBT Margin (%), as of Mar 24, the value is 33.72. This value is within the healthy range. It has increased from 33.67 (Mar 23) to 33.72, marking an increase of 0.05.
For Net Profit Margin (%), as of Mar 24, the value is 24.60. This value exceeds the healthy maximum of 10. It has decreased from 25.12 (Mar 23) to 24.60, marking a decrease of 0.52.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 24.60. This value exceeds the healthy maximum of 20. It has decreased from 25.16 (Mar 23) to 24.60, marking a decrease of 0.56.
For Return on Networth / Equity (%), as of Mar 24, the value is 14.54. This value is below the healthy minimum of 15. It has decreased from 15.05 (Mar 23) to 14.54, marking a decrease of 0.51.
For Return on Capital Employeed (%), as of Mar 24, the value is 15.77. This value is within the healthy range. It has decreased from 18.17 (Mar 23) to 15.77, marking a decrease of 2.40.
For Return On Assets (%), as of Mar 24, the value is 9.71. This value is within the healthy range. It has decreased from 10.87 (Mar 23) to 9.71, marking a decrease of 1.16.
For Total Debt / Equity (X), as of Mar 24, the value is 0.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.42. It has decreased from 0.43 (Mar 23) to 0.42, marking a decrease of 0.01.
For Current Ratio (X), as of Mar 24, the value is 4.12. This value exceeds the healthy maximum of 3. It has increased from 4.07 (Mar 23) to 4.12, marking an increase of 0.05.
For Quick Ratio (X), as of Mar 24, the value is 3.31. This value exceeds the healthy maximum of 2. It has decreased from 3.53 (Mar 23) to 3.31, marking a decrease of 0.22.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 39.03. This value is within the healthy range. It has increased from 31.20 (Mar 23) to 39.03, marking an increase of 7.83.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 32.99. This value is within the healthy range. It has increased from 28.05 (Mar 23) to 32.99, marking an increase of 4.94.
For Earning Retention Ratio (%), as of Mar 24, the value is 60.97. This value is within the healthy range. It has decreased from 68.80 (Mar 23) to 60.97, marking a decrease of 7.83.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 67.01. This value is within the healthy range. It has decreased from 71.95 (Mar 23) to 67.01, marking a decrease of 4.94.
For Interest Coverage Ratio (X), as of Mar 24, the value is 95.68. This value is within the healthy range. It has increased from 48.05 (Mar 23) to 95.68, marking an increase of 47.63.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 61.94. This value is within the healthy range. It has increased from 33.38 (Mar 23) to 61.94, marking an increase of 28.56.
For Enterprise Value (Cr.), as of Mar 24, the value is 6,139.98. It has increased from 5,870.35 (Mar 23) to 6,139.98, marking an increase of 269.63.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 7.65. This value exceeds the healthy maximum of 3. It has decreased from 7.97 (Mar 23) to 7.65, marking a decrease of 0.32.
For EV / EBITDA (X), as of Mar 24, the value is 19.79. This value exceeds the healthy maximum of 15. It has decreased from 21.38 (Mar 23) to 19.79, marking a decrease of 1.59.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 8.31. This value exceeds the healthy maximum of 3. It has decreased from 8.65 (Mar 23) to 8.31, marking a decrease of 0.34.
For Retention Ratios (%), as of Mar 24, the value is 60.96. This value is within the healthy range. It has decreased from 68.79 (Mar 23) to 60.96, marking a decrease of 7.83.
For Price / BV (X), as of Mar 24, the value is 4.92. This value exceeds the healthy maximum of 3. It has decreased from 5.18 (Mar 23) to 4.92, marking a decrease of 0.26.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 8.31. This value exceeds the healthy maximum of 3. It has decreased from 8.65 (Mar 23) to 8.31, marking a decrease of 0.34.
For EarningsYield, as of Mar 24, the value is 0.02. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Saregama India Ltd as of March 12, 2025 is: ₹442.07

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 March 12, 2025, Saregama India Ltd is Overvalued by 9.97% compared to the current share price 491.00

Intrinsic Value of Saregama India Ltd as of March 12, 2025 is: 484.77

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 March 12, 2025, Saregama India Ltd is Overvalued by 1.27% compared to the current share price 491.00

Last 5 Year EPS CAGR: 9.66%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 15.50%, which is a positive sign. The company has higher reserves (629.31 cr) compared to borrowings (14.77 cr), indicating strong financial stability. The company has shown consistent growth in sales (382.46 cr) and profit (106.85 cr) over the years.	The stock has a high average Working Capital Days of 73.83, which may not be favorable. The stock has a high average Cash Conversion Cycle of 134.00, which may not be favorable.

Stock Analysis

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 Saregama India Ltd:
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: 37.74%)
  - 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: 11.68%)
  - 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: 47.9 (Industry average Stock P/E: 182.09)
  - 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. 758.77 Cr. and Equity Capital is Rs. 19.28 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Entertainment & Media	33, Jessore Road, Dum Dum, Kolkata West Bengal 700028	co.sec@saregama.com http://www.saregama.com

Management
Name	Position Held
Dr. Sanjiv Goenka	Chairman & Non-Exe.Director
Mrs. Avarna Jain	Vice Chairman & Non Exe.Dire
Mr. Vikram Mehra	Managing Director
Mrs. Preeti Goenka	Non Executive Director
Mr. Santanu Bhattacharya	Ind. Non-Executive Director
Mr. Noshir Naval Framjee	Ind. Non-Executive Director
Mr. Umang Kanoria	Ind. Non-Executive Director

FAQ

What is the latest intrinsic value of Saregama India Ltd?

The latest intrinsic value of Saregama India Ltd as on 11 March 2025 is ₹442.07, which is 9.97% lower than the current market price of 491.00, indicating the stock is overvalued by 9.97%. The intrinsic value of Saregama India Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹9,475 Cr. and recorded a high/low of ₹689/339 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 Saregama India Ltd?

The Market Cap of Saregama India Ltd is 9,475 Cr..

What is the current Stock Price of Saregama India Ltd as on 11 March 2025?

The current stock price of Saregama India Ltd as on 11 March 2025 is ₹491.

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

In FY 2024-2025, the High / Low of Saregama India Ltd stocks is ₹689/339.

What is the Stock P/E of Saregama India Ltd?

The Stock P/E of Saregama India Ltd is 47.9.

What is the Book Value of Saregama India Ltd?

The Book Value of Saregama India Ltd is 80.5.

What is the Dividend Yield of Saregama India Ltd?

The Dividend Yield of Saregama India Ltd is 0.92 %.

What is the ROCE of Saregama India Ltd?

The ROCE of Saregama India Ltd is 19.6 %.

What is the ROE of Saregama India Ltd?

The ROE of Saregama India Ltd is 14.2 %.

What is the Face Value of Saregama India Ltd?

The Face Value of Saregama India Ltd is 1.00.