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Saregama India (SAREGAMA) had a P/E of 49.3× on 6 Nov 2026, in line with the industry P/E of 49.3×. Sales and net profit grew 11% and 3.8% a year over 3 years, with ROCE of 16% and ROE of 14%. It carries very little debt, and its dividend yield is 0.7%. It is a small-cap company with a market cap of ₹11,895 Cr, ranked 3rd of 55 Entertainment companies by market cap; the shares rose 40% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹633.00
Day high
₹640.00
Day low
₹611.10
Prev. close
₹632.05
Volume
12.1 L

Health check

1 good · 3 fair · 2 to check
  • ReturnsIn line

    +39.7% over a year, better than 3 of 7 peers.

  • Price tagIn line

    P/E 49.3 vs industry 49.3.

  • GrowthSlow

    Sales +10.6%, profit +3.8% a year over 3 years.

  • ProfitabilityAverage

    ROCE 16.0% vs peer median 11.3%.

  • Balance sheetStretched

    Practically debt-free, Piotroski 3 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Entertainment

54 listed peers. Screen the industry

Small cap

₹11,895 Cr, #3 of 55 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹1,111 Cr · profit ₹243 Cr
Market cap
₹11,895 Cr
Small cap
P/E
49.3
Industry 49.3
Price to book
6.52
Peers 10.61
Dividend yield
0.73%
ROE
13.9%
Peers 9.4%
ROCE
16.0%
Peers 11.3%
Debt to equity
0.01
Debt ₹10 Cr
EPS (TTM)
₹12.58
Face value ₹1
OPM (TTM)
36.2%
Net margin 21.9%
Sales growth
+38.9%
Latest quarter vs a year ago
Profit growth
+47.4%
Latest quarter vs a year ago
Price to sales
10.71
EV/EBITDA 30.1

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly profit up 47.4% on a year ago.
  • Quarterly sales up 38.9% on a year ago.
  • Net margin of 21.9%.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Saregama India

Saregama India Limited operates as an entertainment company in India and internationally. It operates in four segments: Music, Artist Management, Video, and Events. The Music segment engages in the manufacture and sale of music storage device through Carvaan, Music Card, Vinyl records, etc., as well as dealing with related music rights. Its Artist Management segment manages influencers and artiste on an exclusive or non-exclusive basis. The Video segment…

Headquarters
Mumbai
Employees
279
Sector
Communication Services
ISIN
INE979A01025
Website
saregama.com

Price range

52 weeks

₹307.05₹671.00

Today

₹611.10₹640.00
Avg volume (3M)
9.5 L
1-year return
plus 39.7%
From 52-week high
minus 7.7%

Peers · Entertainment

Compare with peersScreen the whole industry
Company
PFOCUSPrime Focus285.20minus 1.06%22,211160.210.6123.0%15.4%30.4%−0.3%14.1%0.00%plus 60.2%
PVRINOXPVR INOX1,565.60minus 1.00%15,05035.82.087.1%6.0%33.2%20.9%–0.00%plus 36.1%
SAREGAMASaregama India619.65minus 1.96%11,89549.36.5216.0%13.9%35.5%10.6%3.8%0.73%plus 39.7%
TIPSMUSICTips Music769.25plus 0.75%9,78243.330.29110.2%78.1%69.7%26.2%41.5%1.49%plus 45.1%
JOJOJOJO109.80plus 0.14%7,572163.920.6415.5%11.6%46.5%525.5%694.1%0.01%plus 159.8%
NETWORK18Network18 Media & Investments26.83minus 1.18%4,144–0.826.8%−0.4%3.0%−30.8%–0.00%minus 44.1%
IMAGICAAImagicaaworld Entertainment43.61plus 1.37%2,570174.41.381.8%0.1%33.1%13.0%−87.9%0.00%minus 14.7%
MMWLMedia Matrix Worldwide19.36plus 4.99%2,193242.030.39–9.4%1.6%––0.00%plus 87.1%
Median of 7 peers–0.14%7,572162.110.6111.3%9.4%33.1%17.0%27.8%0.00%45.1%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
207260287264314
151169166170212
55.391.712193.3102
26.7%35.2%42.1%35.4%32.4%
14.27.49.739.2
11.32.12.21.3
17.521.423.723.624
–−7−1.6––
51.169.510370.585.8
28.5%26.3%28.3%26.4%25.2%
36.751.375.451.664.6
1.902.673.862.693.36

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+10.6%
Profit CAGR 3Y
+3.8%
EPS CAGR 3Y
+3.7%
ROE
13.9%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
7067581,167955
–+7.3%+53.9%minus 18.2%
485501888615
221257279340
31.3%34.0%23.9%35.6%
32.445.916.233.2
5.42.85.44.9
20.836.258.281.6
20.96.344.4−2.3
248271276284
25.4%27.0%26.0%27.4%
185198204207
–+6.6%+3.4%+1.4%
9.6310.2710.6110.73

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
19.319.319.319.3
1,3231,4501,5641,673
0.75.42.772.6
361559509557
1,7042,0342,0952,322
278274274278
5746.650.154.3
500.12.730.3
255174180199
1,0631,5391,5881,761
1,7042,0342,0952,322

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
93.493.2331100
−14816.6−221−113
−75.2−84.9−98.7−31.4
−1302511.9−44.8
−103−92.3−162−214
−9.71170−114
−57.8−77.1−86.8−86.8

Shareholding pattern

Source: NSE filings
60.8%
promoters
  • Promoters60.84%
  • Public38.72%
  • Employee trusts0.44%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202660.84%38.72%0.00
30 Jun 202660.84%38.72%0.00
31 Mar 202660.84%38.72%plus 0.45
31 Dec 202560.39%39.17%plus 0.74
30 Sep 202559.65%40.01%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you