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Saregama India Ltd share Price Today

Company details

340.25
350.80
283.97
458.34
6M Return -1.50%
1Y Return 19.52%
Mkt Cap.(Cr) 6,697.22
Volume 663,298
Div Yield 0.86%
OI
-
OI Chg %
-
Volume 663,298

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Quasi play on digital music consumption
About The Stock

    Saregama India (Saregama) is India’s oldest music label with ~1.42 lakh songs across various languages, which is monetised over various formats such as digitals (streaming, YouTube), physical (Carvaan) and television.

    • Apart from music, it is also into TV serials /(Tamil) and creates low budget films as well as web series for OTT platforms through Yoodlee Films
Q4FY22

    Saregama reported a healthy set of numbers.

    • Revenues were up ~46% YoY to ₹ 180.2 crore, led by TV & films segment, up 150% YoY at ₹ 52.5 crore, as two films (‘Zombivili’ and ‘Habbadi’) and one regional web series was licenced during the quarter. Music segment was up 25.5% YoY. Carvaan sales volumes were up 2% YoY to 1.12 lakh units, while licencing revenues continued to be robust. For FY22, licencing revenues at ₹ 358.5 crore, grew by ~26% YoY
    • EBITDA grew 50% YoY (down 5% QoQ) to ₹ 51.4 crore with EBITDA margin at 28.5%, up 80 bps YoY (down 7600 bps QoQ owing to revenues mix)
    • Consequent PAT was at ₹ 48.2 crore (up 30% YoY) 

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Movies & Entertainment company Saregama India announced Q3FY24 results:

Financial Performance:
- Total Operating Revenue for the quarter stood at Rs 2,043 million.
- Adjusted EBITDA reached Rs 822 million, achieving a healthy margin of 40%.
- Profit After Tax (PAT) was reported at Rs 523 million, marking a 9% increase over the second quarter of the fiscal year 2024.

Dividends:
- The board has declared an interim dividend of Rs 4 per share, which translates to a 400% dividend on the face value of Re 1 each.

Acquisitions and Partnerships:
- Saregama completed the acquisition of a majority stake in the digital entertainment company Pocket Aces Pictures Pvt Ltd in November 2023.

Content and Digital Presence:
- Music segment revenue saw a robust increase to Rs 1,690 million, bolstered by new content releases.
- Several major music releases occurred, including Divine's song and India concert tour agreement.
- Over 370 Originals and Premium Recreations were released across various languages.
- Launched more than 1,700 derivative tracks driving the catalog’s growth.
- Digital channels under Saregama's control have amassed 232 million followers and subscribers across various platforms.

Live Events and Other Highlights:
- Successful tours by artists like Diljit Dosanjh, and thematic events with celebrities such as Javed Akhtar.

Avarna Jain, Vice Chairperson, Saregama India, said, “We continue to strengthen our position across IPs in music and video formats, catering to entertainment needs of different target groups, We are well on course of achieving our targeted content investment for this year, laying a strong foundation for profitable growth in the years to come. The legacy of rewarding shareholders continues with the board declaring a 400% dividend”.

Result PDF

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Saregama India Ltd shares SWOT Analysis

Strengths (5)

  • Company with No Debt
  • Increasing Revenue every quarter for the past 2 quarters
  • Increasing profits every quarter for the past 2 quarters

Weakness (4)

  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Declining Net Cash Flow : Companies not able to generate net cash
  • Book Value Per Share deteriorating for last 2 years

Opportunity (1)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE

Threats (1)

  • RSI indicating price weakness

Resistance and support

R1 352.0
R2 356.7
R3 362.6
Pivot

346.13

S1 341.5
S2 335.6
S3 330.9
EMA SMA
367.5
371.5
370.1
368.8
372.3
371.1
367.4
375.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-09-19 385.7 510845 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-09-19 385.7 88678 BSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-09-19 385.7 510845 BSE
Name Category Shares
Composure Services Private Limited PROMOTER 54.04%
Quest Capital Markets Limited PROMOTER 4.79%

OUR RESEARCH VIEW

Investment recommendation
Quasi play on digital music consumption
Call Date
26 Dec 2023
Entry Price 349.00
Target Price 445.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Saregama India Ltd Stocks COMPARISON

Financials( in Cr) Saregama India Ltd Sun TV Network Ltd Zee Entertainment Enterprises Ltd PVR Inox Ltd TV18 Broadcast Ltd
Price 347.35 600.25 138.55 1,326.25 46.40
% Change -0.29 0.68 -1.98 -0.05 -1.07
Mcap Cr 6,697.22 23,654.95 13,307.99 13,014.89 7,954.63
Revenue TTM Cr 736.62 3,772.05 8,087.90 3,750.65 5,912.09
Net Profit TTM Cr 185.05 1,706.92 47.80 -336.40 127.77
PE TTM 35.80 12.42 62.27 0.00 213.59
1 Year Return 19.52 46.56 -34.23 -11.97 63.96
ROCE 20.24 25.98 7.84 0.00 3.27
ROE 14.82 19.59 0.35 0.00 2.70
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 1,342.11 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 30,755.54 35,765.55
LAST 3M 69,913.40 30,558.15
LAST 6M 130,081.93 64,349.19
LAST 12M 189,259.39 209,046.49

Saregama India Ltd Information

Stock PE (TTM)
35.8
Promoter Holding
59.09%
Book Value
68.5953
ROCE
20.24%
ROE
14.82%
Description
  • Saregama India Limited is a company that operates in retail selling cassettes and CDs and has a market capitalization of INR 5,664.19 Crores as of 25th August 2021. In the year 1946, it became a corporation by the name “The Gramophone Company of India” and was taken over by RPG Group in the year 1985. At the end of F.Y 2021, it registered combined revenue of Rs 472.82 Crores. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 532163 and scrip code SAREGAMA. As of 25th August ‘2021, Saregama India limited is trading at Rs. 3,257.

    Saregama is India’s oldest music label with a library of intellectual property rights with quite 120,000 songs. Saregama Limited has a distribution network of more than 28,000 retailers, film content IP rights of more than 60 films. Saregama India Limited has 23 channels on YouTube with a cumulative subscriber’s base of over 29 million. The company is pinning its growth ambitions on three pillars: monetizing the existing IP, creating new IP, and the direct-to-consumer retail business. Composure Services Private Limited is the holding company of Saregama India Limited. It has five 100% subsidiaries companies and one subsidiary company shares held 76.41%. The company generates 47.42% revenue from license fees, 38.53% revenue by selling the product like Carvaan, Mini Carvaan, Music Cards, etc., and 14.05% from films and television serials in the financial year ended on 2020. Promoters hold 59.06% shares in the company, and the rest is by public shareholders (FII, mutual funds, etc.)

    For the Quarter year ending on June 2021, total revenue was Rs 107.76 Crores, up 31.64% from Rs 81.86 Crores in June 2020. The quarterly Net Profit in June 2021 was Rs. 27.19 Crores, up 72.64% from Rs. 15.75 Crores in June 2020. In June 2021, EBIT had increased to 34.77% from 28.05% in June 2020. From Rs. 9.14 in June 2020, Saregama India Limited’s EPS has risen to Rs. 15.69 in June 2021. Saregama India Limited’s stock is trading at 3,250.05 on 25th August ‘2021, which shows a return of 208.56% in the last six months and 553.21% in the previous year.

Registered Address

The Studios : Dum Dum, 33 Jessore Road Dum Dum, Kolkata, West Bengal, 700028

Tel : 91-33-25512984/4773
Email : co.sec:saregama.com; saregama:rp-sg.in
Website : http://www.saregama.com
Registrar

MCS Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 532163
NSE Code : SAREGAMA
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE979A01025

FAQ’s on Saregama India Ltd Shares

You can buy Saregama India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Saregama India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 28, 2024 04:03 PM the closing price of Saregama India Ltd was ₹ 347.35.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 28, 2024 04:03 PM, the market cap of Saregama India Ltd stood at ₹ 6,697.22.

The latest PE ratio of Saregama India Ltd as of Mar 28, 2024 04:03 PM is 35.8

The latest PB ratio of Saregama India Ltd as of Mar 28, 2024 04:03 PM is 0.20

The 52-week high of Saregama India Ltd share price is ₹ 458.34 while the 52-week low is ₹ 283.97

According to analyst recommendations, Saregama India Ltd Share has a “Buy” rating for the long term.

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