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)
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”.
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.
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.
Saregama India share price as on 28 Mar 2024 is Rs. 347.35. Over the past 6 months, the Saregama India share price has decreased by 1.5% and in the last one year, it has increased by 19.52%. The 52-week low for Saregama India share price was Rs. 283.97 and 52-week high was Rs. 458.34.
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.