Saregama India Limited
NSE: SAREGAMA · Media & Entertainment · sector
₹489.05NSE close 2026-10-26
Key numbers
Market cap₹9,429 cr
Price₹489.05
52w high / low₹574 / ₹307
P/E42.5xSector median 42.5x
P/B5.6xSector median 1.0x
Book value₹87.8
Dividend yield0.92%Sector median 1.38%
ROE13.6%Sector median -0.9%
ROCE17.7%Sector median -2.1%
OPM35.2%Sector median -8.0%
Debt / equity0.04xSector median 0.03x
EV/EBITDA25.3xSector median 25.3x
Interest cover47.0x
Current ratio1.75x
Sales growth 3y+10.2%Sector median -4.3%
Profit growth 3y+3.8%Sector median +14.1%
PEG11.58x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 12 companies in Media & Entertainment (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹217 cr vs borrowings ₹70 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 47.0x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding rose by 1.19 percentage points in a year, to 60.84% (2026-09-30).
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 15% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹489.05 on 2026-10-26: -14.9% from the 52-week high, +59.3% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹634.85 · low ₹317.15
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 242 | 483 | 241 | 207 | 230 | 260 | 287 | 264 |
| EBITDA | 61 | 84 | 85 | 55 | 69 | 85 | 120 | 93 |
| OPM % | 25.2% | 17.5% | 35.4% | 26.7% | 29.9% | 32.6% | 41.7% | 35.4% |
| Other income | 13 | 16 | 18 | 14 | 11 | 7 | 9 | 4 |
| Net profit | 45 | 62 | 60 | 37 | 44 | 51 | 75 | 52 |
| EPS (₹) | 2.33 | 3.24 | 3.11 | 1.90 | 2.28 | 2.67 | 3.86 | 2.69 |
| Revenue YoY | -4.9% | -46.1% | +19.4% | +27.5% | ||||
| Profit YoY | -2.5% | -17.7% | +25.4% | +40.6% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 581 | 737 | 803 | 1,171 | 985 | 1,041 |
| EBITDA | 187 | 221 | 247 | 282 | 329 | 367 |
| Net profit | 153 | 185 | 198 | 204 | 207 | 222 |
| EPS (₹) | 8.43 | 9.63 | 10.27 | 10.62 | 10.73 | 11.50 |
| Revenue growth | +26.9% | +9.0% | +45.9% | -15.9% | -11.2% | |
| Profit growth | +21.5% | +6.6% | +3.4% | +1.4% | +8.8% | |
| Dividend / share (₹) | 50.00 | 3.00 | 4.00 | 4.50 | 4.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +10.2% | +17.4% | -11.2% |
| Net profit | +3.8% | +13.0% | +8.8% |
| EPS | +3.7% | -30.4% | – |
| Share price | – | +0.4% (2y) | +12.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,342 | 1,469 | 1,583 | 1,693 |
| Borrowings | – | 0 | 2 | 0 | 70 |
| Cash & equivalents | – | 747 | 660 | 655 | 217 |
| Total assets | – | 1,704 | 2,034 | 2,095 | 2,322 |
| Fixed assets | – | 221 | 224 | 222 | 222 |
| Capital work in progress | – | 0 | 0 | 0 | 0 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 148 | 159 | 143 | 177 |
| Inventory | – | 164 | 239 | 240 | 243 |
| Payables | – | 70 | 93 | 128 | 158 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 94 | 93 | 93 | 331 | 100 |
| Cash from investing | -630 | -148 | 17 | -221 | -110 |
| Cash from financing | 677 | -83 | -70 | -99 | -31 |
| Capex | 73 | 103 | 92 | 162 | 214 |
| Free cash flow | 22 | -10 | 1 | 170 | -114 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 13.8% | 13.4% | 12.9% | 12.2% |
| ROCE % | – | 18.9% | 18.6% | 17.8% | 16.4% |
| Debtor days | – | 73 | 72 | 45 | 66 |
| Inventory days | – | 81 | 109 | 75 | 90 |
| Payable days | – | 35 | 42 | 40 | 58 |
| Cash conversion cycle (days) | – | 119 | 139 | 80 | 98 |
| Working capital days | – | 468 | 421 | 244 | 142 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 60.84% |
| FIIs | 11.88% |
| DIIs | 9.36% |
| of which Mutual funds | 3.65% |
| of which Insurance | 3.73% |
| Government | 0.00% |
| Public (non-institutions) | 17.48% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 59.50% | 59.65% | 59.65% | 59.65% | 60.39% | 60.84% | 60.84% | 60.84% |
| Promoter group | % |
|---|---|
| Composure Services Private Limited | 55.28% |
| Quest Capital Markets Limited | 4.85% |
| Stel Holdings Limited | 0.44% |
| Sarala Real Estate Limited | 0.26% |
| Digidrive Distributors Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Malabar India Fund Limited | 2.90% |
| The Prudential Assurance Company Limited | 1.76% |
| Icici Prudential Life Insurance Company Limited | 1.43% |
| Helios Flexi Cap Fund | 1.41% |
| Bajaj Life Insurance Limited | 1.12% |
66,304 shareholders. Pledged: 0.00% of promoter shares.
Peers in Media & Entertainment
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PFOCUS | ₹21,303 cr | 178.2x | 10.2x | 8.1% | 9.5% | 27.4% | +0.2% | – |
| SAREGAMA | ₹9,429 cr | 42.5x | 5.6x | 13.6% | 17.7% | 35.2% | +10.2% | 0.92% |
| TIPSMUSIC | ₹9,116 cr | 40.3x | 28.1x | 78.1% | 94.2% | 68.2% | +26.2% | 1.83% |
| NETWORK18 | ₹3,549 cr | – | 0.7x | -0.7% | -1.2% | 0.7% | -30.1% | – |
| BALAJITELE | ₹1,022 cr | – | 1.6x | -4.0% | -4.1% | -8.0% | -14.5% | – |
| ENIL | ₹406 cr | – | 0.5x | -1.1% | -2.1% | 6.5% | +8.7% | 2.35% |
| SHEMAROO | ₹291 cr | – | 1.1x | -48.6% | -37.6% | -36.7% | +1.6% | – |
| RADIOCITY | ₹180 cr | – | 0.4x | -8.9% | -7.4% | -21.5% | -4.3% | 0.00% |
| NEXTMEDIA | ₹22 cr | – | – | – | -18.3% | – | – | – |
| SHALPRO | ₹22 cr | – | 0.2x | -0.7% | -0.7% | -54.0% | -57.8% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Music | ₹684 cr | 69.4% | ₹364 cr | 53.3% |
| Artist Management | ₹131 cr | 13.3% | ₹13 cr | 9.7% |
| Video | ₹108 cr | 11.0% | ₹2 cr | 1.4% |
| Events | ₹62 cr | 6.3% | ₹-7 cr | -11.5% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2025-11-11 | Dividend | Interim Dividend - Rs 4.50 Per Share |
| 2025-02-14 | Dividend | Interim Dividend - Rs 4.50 Per Share |
| 2024-08-20 | Other | Annual General Meeting |
| 2024-02-21 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2023-08-24 | Other | Annual General Meeting |
| 2023-07-27 | Restructuring | Demerger |
| 2023-02-02 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2022-07-27 | Other | Annual General Meeting |
| 2022-04-26 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share |
| 2022-01-31 | Dividend | Interim Dividend - Rs 30 Per Share |
| 2021-08-06 | Other | Annual General Meeting |
| 2021-04-05 | Dividend | Interim Dividend - Rs 20 Per Share |
| 2020-08-03 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2019-07-11 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2018-07-19 | Dividend | Annual General Meeting/Dividend- Rs 3 Per Share |
| 2017-07-20 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2016-07-14 | Dividend | Annual General Meeting/ Dividend - Re. 1.50/- Per Share |
| 2015-07-22 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2014-07-22 | Dividend | Annual General Meeting/Dividend Rs.1.50/- Per Share |
| 2013-07-18 | Dividend | Annual General Meeting/Dividend Rs 1.50/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Information and communication: Motion picture, video and television program production, sound recording and music publishing activities.
- Trade: Retail Trading
| Sector | Consumer Discretionary |
| Industry | Media & Entertainment |
| Sub-industry | Media & Entertainment |
| Symbol | SAREGAMA |
| BSE code | 532163 |
| ISIN | INE979A01025 |
| Face value | ₹1.0 |
| Incorporated | 1946-08-13 |
| Website | www.saregama.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.