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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Saregama India Ltd

Basic Stock Data

Last Updated: June 19, 2024, 2:25 pm

Market Cap 10,686 Cr.
Current Price 554
High / Low575/310
Stock P/E54.1
Book Value 76.1
Dividend Yield0.72 %
ROCE19.4 %
ROE14.1 %
Face Value 1.00
PEG Ratio1.68

Competitors of Saregama India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Dish TV India Ltd 2,979 Cr. 16.226.0/12.8 15.00.00 %%% 1.00
Ortel Communications Ltd 5.80 Cr. 1.761.95/0.75 23.40.00 %13.4 %% 10.0
Baba Arts Ltd 69.9 Cr. 13.320.4/10.235.5 4.830.00 %11.2 %8.08 % 1.00
52 Weeks Entertainment Ltd 6.38 Cr. 1.832.26/1.1437.5 4.560.00 %0.87 %1.07 % 10.0
Cyber Media (India) Ltd 37.8 Cr. 24.044.0/12.78.72 2.920.00 %55.8 %% 10.0
Industry Average2,404.57 Cr123.72125.4265.520.14%10.47%9.38%5.66

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: June 9, 2024, 9:39 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 12:33 am

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%

Growth

Compounded Sales Growth
10 Years:16%
5 Years:8%
3 Years:22%
TTM:9%
Compounded Profit Growth
10 Years:28%
5 Years:30%
3 Years:21%
TTM:13%
Stock Price CAGR
10 Years:48%
5 Years:61%
3 Years:29%
1 Year:70%
Return on Equity
10 Years:13%
5 Years:15%
3 Years:14%
Last Year:14%

Last Updated: June 16, 2024, 4:56 pm

Saregama India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital17171717171717171717191919
Reserves90951481501573223644113814881,3581,3231,416
Borrowings5961138431664101110
Other Liabilities6871657289137181217211277309361370
Total Liabilities2352452442472674805787096207841,6881,7041,805
Fixed Assets96891028485199197215219226278338375
CWIP0000000002240
Investments404040404013215114875137676239356
Other Assets1001161011241431492303453254207321,1241,074
Total Assets2352452442472674805787096207841,6881,7041,805

Reserves and Borrowings Chart

Saregama India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 4627332-4-19-36791909493
Cash from Investing Activity -3-4-4-1-400-6-5-136-630-154
Cash from Financing Activity -4-1-25-6-8-3938-72-49677-75
Net Cash Flow-30-2-420-7-10-424142-136

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

Diligent Media Corporation Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days7072771067687757476726873
Inventory Days2891,030270266
Days Payable672838165114
Cash Conversion Cycle-31472771067687757476264173226
Working Capital Days18444277235978120104358498
ROCE %8%8%14%4%11%7%11%20%15%34%23%18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters59.05%63.77%57.65%57.65%58.49%58.49%58.49%58.49%58.83%59.09%59.09%59.09%
FIIs7.36%9.52%16.55%17.09%17.30%17.24%17.47%17.70%17.79%17.12%16.81%16.05%
DIIs3.74%2.84%3.65%3.09%2.67%2.66%2.65%2.43%2.27%2.38%2.62%2.58%
Public29.27%23.66%21.96%22.07%21.44%21.47%21.23%21.13%20.86%21.15%21.22%22.00%
Others0.57%0.22%0.20%0.10%0.10%0.11%0.15%0.24%0.24%0.26%0.26%0.26%
No. of Shareholders30,14338,66341,03645,33160,75363,53063,53664,67169,38172,90377,33872,433

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 Plan451,9600.9716.75216,4632024-06-18108.79%
Union Innovation & Opportunities Fund292,9621.9110.86216,4632024-06-1835.34%
LIC MF Multi Cap Fund216,4630.998.02216,4632024-06-180%
WhiteOak Capital Flexi Cap Fund185,8550.246.89216,4632024-06-18-14.14%
WhiteOak Capital Mid Cap Fund142,9960.375.3216,4632024-06-18-33.94%
360 ONE FlexiCap Fund129,1111.454.79216,4632024-06-18-40.35%
360 ONE Balanced Hybrid Fund88,4500.653.28216,4632024-06-18-59.14%
WhiteOak Capital Multi Cap Fund52,1510.331.93216,4632024-06-18-75.91%
Nippon India Nifty Smallcap 250 Index Fund51,1150.21.89216,4632024-06-18-76.39%
Motilal Oswal Nifty Smallcap 250 Index Fund31,9430.21.18216,4632024-06-18-85.24%

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.)76.3869.7871.62292.01230.14
Book Value[Incl.RevalReserv]/Share (Rs.)76.3869.7871.62292.01230.14
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.)14.0512.8710.6087.1634.63
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 (%)13.4413.8011.0722.2511.01
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 (%)0.420.410.460.620.75
Current Ratio (X)4.124.075.011.971.88
Quick Ratio (X)3.313.534.581.651.32
Dividend Payout Ratio (NP) (%)0.0031.2037.9033.290.00
Dividend Payout Ratio (CP) (%)0.0028.0534.9031.710.00
Earning Retention Ratio (%)0.0068.8062.1066.710.00
Cash Earning Retention Ratio (%)0.0071.9565.1068.290.00
Interest Coverage Ratio (X)95.7448.0549.1346.6510.68
Interest Coverage Ratio (Post Tax) (X)61.9833.3834.7833.887.48
Enterprise Value (Cr.)6139.675870.3592776.362636.35344.47
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 (%)0.0068.7962.0966.700.00
Price / BV (X)4.544.7567.575.490.85
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: 584.68

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.

Undervalued: 5.54% compared to the current price 554

Intrinsic Value: 773.31

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 39.59% compared to the current price ₹554

Last 5 Year EPS CAGR: 32.26%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (553.92 cr) compared to borrowings (15.58 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (414.25 cr) and profit (93.25 cr) over the years.
  1. The stock has a low average ROCE of 14.42%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 65.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 82.67, 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: 24.60%
      • 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: %)
      • 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%: 13.44% (Industry Average ROE: %)
      • 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): 61.98
      • 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: 54.1 (Industry average Stock P/E: )
      • 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: 0.00
      • 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

No data availabale for About the Company
INDUSTRYADDRESSCONTACT
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Management Data not Available

FAQ

What is the latest fair value of Saregama India Ltd?

The latest fair value of Saregama India Ltd is ₹584.68.

What is the Market Cap of Saregama India Ltd?

The Market Cap of Saregama India Ltd is 10,686 Cr..

What is the current Stock Price of Saregama India Ltd as on 23 June 2024?

The current stock price of Saregama India Ltd as on 23 June 2024 is ₹554.

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

In FY 2024, the High / Low of Saregama India Ltd stocks is 575/310.

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

The Stock P/E of Saregama India Ltd is 54.1.

What is the Book Value of Saregama India Ltd?

The Book Value of Saregama India Ltd is 76.1.

What is the Dividend Yield of Saregama India Ltd?

The Dividend Yield of Saregama India Ltd is 0.72 %.

What is the ROCE of Saregama India Ltd?

The ROCE of Saregama India Ltd is 19.4 %.

What is the ROE of Saregama India Ltd?

The ROE of Saregama India Ltd is 14.1 %.

What is the Face Value of Saregama India Ltd?

The Face Value of Saregama India Ltd 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 Saregama India Ltd. 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