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Saregama is the oldest music label company from India (established 1902, erstwhile "Gramophone Company of India" & then "HMV"). The company is aiming to be a pure-play content company supported by the global consumption boom.[1]Since 2017, Saregama has been making headlines again owing to the launch of two unique initiatives, Saregama Carvaan and Yoodlee Films.[2]
Market PositionThe company is India’s only entertainment company with IP offerings across media channels (music, films, web series, short-format, and TV serials), delivery platforms (digital and physical), and business models (licensing, advertising, and retail).[1]It owns ~50% of all the music ever recorded in India.[2]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Prime Focus | 177.50 | 114.32 | 13766.88 | 0.00 | 4.07 | -89.22 | 1060.94 | 18.27 | 7.95 | 3972.50 | 25.13 | 120.38 | 3.60 | 7.87 | -1.66 | 3.02 |
| 2. | Saregama India | 371.65 | 34.99 | 7165.74 | 1.15 | 47.65 | -2.87 | 194.72 | -8.76 | 17.96 | 994.91 | 28.52 | 204.81 | 47.65 | 4.33 | 10.52 | 0.00 |
| 3. | Tips Music | 546.55 | 40.20 | 6986.66 | 1.43 | 53.19 | 10.44 | 89.22 | 10.68 | 108.83 | 333.45 | 65.14 | 173.87 | 53.19 | 27.16 | 47.54 | 0.01 |
| 4. | Netwrk.18 Media | 44.47 | 767.89 | 6857.32 | 0.00 | 41.25 | 142.45 | 497.81 | -72.73 | 0.61 | 2887.49 | 0.04 | 8.93 | 40.68 | 1.41 | -1.45 | 0.65 |
| 5. | Balaji Telefilms | 113.75 | 19.05 | 1361.71 | 0.00 | -4.97 | -185.51 | 48.81 | -66.20 | -1.35 | 281.14 | -16.63 | 71.51 | -4.84 | 2.11 | 11.05 | 0.04 |
| 6. | Basilic Fly Stud | 326.00 | 15.65 | 823.64 | 0.00 | 26.78 | 106.76 | 189.40 | 149.14 | 31.23 | 417.47 | 20.34 | 52.59 | 23.86 | 2.66 | 21.82 | 0.21 |
| 7. | Ent.Network | 119.60 | 48.70 | 570.15 | 1.68 | -4.09 | 1.68 | 141.14 | 24.31 | 2.56 | 575.20 | 13.71 | 11.71 | -4.10 | 0.74 | 0.54 | 0.23 |
| – | Median: 14 Co. | 116.67 | 40.2 | 500.03 | 0.0 | 4.58 | 1.44 | 87.1 | 18.27 | 5.3 | 307.29 | 13.94 | 10.32 | 4.34 | 2.33 | 6.86 | 0.17 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 164 | 182 | 202 | 162 | 171 | 187 | 238 | 173 | 213 | 407 | 216 | 177 | 195 |
Expenses | 108 | 119 | 156 | 112 | 109 | 124 | 159 | 122 | 149 | 325 | 143 | 120 | 123 |
Operating Profit | 56 | 63 | 45 | 50 | 62 | 63 | 80 | 51 | 64 | 82 | 73 | 57 | 71 |
Other Income | 12 | 15 | 17 | 17 | 13 | 14 | 14 | 11 | 12 | 15 | 18 | 13 | 11 |
Profit before tax | 62 | 71 | 54 | 59 | 66 | 67 | 83 | 51 | 63 | 83 | 75 | 54 | 64 |
Tax % | 25% | 25% | 27% | 27% | 26% | 26% | 26% | 27% | 23% | 26% | 26% | 25% | 25% |
Net Profit | 46 | 53 | 39 | 43 | 49 | 49 | 62 | 37 | 49 | 61 | 56 | 40 | 48 |
EPS in Rs | 2.40 | 2.76 | 2.04 | 2.25 | 2.53 | 2.55 | 3.20 | 1.94 | 2.54 | 3.19 | 2.88 | 2.09 | 2.47 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 168 | 182 | 215 | 208 | 346 | 524 | 500 | 434 | 568 | 695 | 759 | 1,009 | 995 |
Expenses | 142 | 164 | 200 | 200 | 312 | 492 | 435 | 309 | 382 | 479 | 504 | 739 | 711 |
Operating Profit | 26 | 18 | 15 | 8 | 34 | 32 | 65 | 125 | 186 | 216 | 255 | 270 | 284 |
Other Income | -3 | 4 | 0 | 16 | 14 | 60 | 11 | 29 | 33 | 53 | 58 | 56 | 57 |
Interest | 3 | 1 | 0 | 2 | 3 | 7 | 7 | 3 | 5 | 6 | 3 | 1 | 2 |
Depreciation | 3 | 5 | 5 | 4 | 4 | 3 | 4 | 5 | 13 | 21 | 34 | 53 | 64 |
Profit before tax | 17 | 15 | 10 | 17 | 41 | 82 | 66 | 145 | 202 | 243 | 275 | 272 | 276 |
Net Profit | 12 | 16 | 8 | 10 | 31 | 52 | 49 | 107 | 150 | 180 | 203 | 203 | 205 |
EPS in Rs | 0.69 | 0.90 | 0.43 | 0.57 | 1.75 | 2.98 | 2.82 | 6.15 | 7.79 | 9.36 | 10.53 | 10.54 | 10.63 |
Dividend Payout % | 22% | 17% | 35% | 26% | 17% | 10% | 5% | 33% | 38% | 32% | 38% | 43% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 19 | 19 | 19 | 19 | 19 |
Reserves | 158 | 169 | 173 | 324 | 365 | 409 | 396 | 492 | 1,353 | 1,313 | 1,443 | 1,556 | 1,640 |
Borrowings | 7 | 4 | 0 | 0 | 13 | 61 | 7 | 1 | 1 | 1 | 0 | 0 | 0 |
Other Liabilities | 57 | 64 | 82 | 127 | 169 | 205 | 199 | 264 | 298 | 351 | 377 | 451 | 535 |
Total Liabilities | 239 | 255 | 273 | 468 | 564 | 692 | 619 | 775 | 1,672 | 1,684 | 1,839 | 2,026 | 2,194 |
Fixed Assets | 89 | 83 | 84 | 198 | 197 | 215 | 219 | 226 | 278 | 338 | 408 | 532 | 663 |
Gross Block | 171 | 171 | 176 | 202 | 205 | 226 | 235 | 245 | 310 | 391 | 494 | 671 | – |
Accumulated Depreciation | 81 | 88 | 92 | 4 | 8 | 11 | 16 | 20 | 33 | 53 | 87 | 139 | – |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 4 | 6 | 0 | 0 |
Investments | 50 | 48 | 48 | 123 | 139 | 137 | 80 | 135 | 670 | 228 | 368 | 420 | 485 |
Other Assets | 100 | 124 | 141 | 147 | 229 | 340 | 320 | 412 | 723 | 1,114 | 1,058 | 1,074 | 1,045 |
Total Assets | 239 | 255 | 273 | 468 | 564 | 692 | 619 | 775 | 1,672 | 1,684 | 1,839 | 2,026 | 2,194 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 24 | 2 | 29 | -8 | -7 | -23 | 85 | 187 | 96 | 94 | 103 | 339 |
Cash from Investing Activity | -14 | -1 | -1 | 3 | -11 | -20 | -10 | -138 | -632 | -153 | -8 | -214 |
Cash from Financing Activity | -10 | -6 | -8 | -3 | 9 | 38 | -72 | -47 | 677 | -75 | -83 | -96 |
Net Cash Flow | -1 | -5 | 20 | -8 | -9 | -5 | 2 | 3 | 141 | -134 | 12 | 29 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 85 | 116 | 84 | 97 | 82 | 79 | 80 | 75 | 69 | 79 | 69 | 45 |
Inventory Days | – | – | – | – | – | – | – | 1,012 | 268 | 311 | 408 | 198 |
Days Payable | – | – | – | – | – | – | – | 813 | 160 | 129 | 120 | 94 |
Cash Conversion Cycle | 85 | 116 | 84 | 97 | 82 | 79 | 80 | 274 | 177 | 261 | 356 | 149 |
Working Capital Days | 43 | 85 | 35 | 74 | 76 | 86 | 110 | 40 | 86 | 105 | 132 | 45 |
ROCE % | 16% | 10% | 10% | 7% | 12% | 20% | 16% | 32% | 22% | 17% | 20% | 18% |
Direct from BSE filings, auto-summarised
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