āagman

Not investment advice. Data and computed figures, for information only.

Saregama India Ltd

NSE: SAREGAMA
₹492.65
−₹17.95 (−3.52%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹9,363 Cr
CMP
₹492.65
52-wk High / Low
₹575 / 307
P/E
41.0
P/B
5.5
Book Value
₹87.8
Div Yield
0.93%
ROCE
17.0%
ROE
12.7%
Face Value
₹1
D/E
0.04

Price+9.1% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹146
√(22.5 × EPS × book value per share)
ROIC
10.5%
vs 6.8% sector median
Cash flow to profit
0.49
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+828
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
7.9%
ROE × earnings retention ratio
ROE stability
1.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.68DII +1.50
Latest quarter vs the previous one
Cash-accrual divergence
4.8%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 17% vs the 2026 sector median of 13.5%)
+Price trades above its 200-day moving average (1.2x)
+Promoter holding rose by 2.4pp over the last year
Watch-outs
−Borrowings are up 1725% since FY2016 (4 to 73)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales163172204263205242483241207230260287264
Expenses113111139193154181399160151161169166171
Operating Profit506166705161848055699212192
OPM %30.7%35.5%32.4%26.6%24.9%25.2%17.4%33.2%26.6%30.0%35.4%42.2%34.8%
Other Income18131518121316231411084
Interest1010000511122
Depreciation78912131415171719212424
Profit before tax596670765159848251607010371
Net Profit43485254374562603744517452
EPS (₹)2.262.492.712.791.912.333.233.121.902.272.663.912.67

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1872222183575455214425767378031,1719851,041
Expenses184209209320507461312377516554894648668
Operating Profit2139363860130199221249277337374
OPM %1.1%5.9%4.1%10.1%7.0%11.5%29.4%34.5%30.0%31.0%23.7%34.2%35.9%
Other Income1121310561131235461633424
Interest1023773563657
Depreciation6544356132136588288
Profit before tax6916398560152204248271276284304
Net Profit679285444113153185198204206221
EPS (₹)0.390.390.481.643.112.536.477.919.6110.2510.5910.7411.51

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital171717171717171919191919—
Reserves1501573223644113814881,3581,3231,4501,5641,673—
Borrowings8431664101115373—
Other Liabilities7289137181217211277309361559509554—
Total Liabilities2472674805787096207841,6881,7042,0342,0952,319—
Fixed Assets84851991972152192262783387428351,031—
CWIP000000224600—
Investments404013215114875137676239118111379—
Other Assets1241431492303453254207321,1241,1681,149909—
Total Assets2472674805787096207841,6881,7042,0342,0952,319—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity27332−4−19−3679190949393331100
Cash from Investing Activity−4−1−400−6−5−136−630−15432−220−110
Cash from Financing Activity−25−6−8−3938−72−49677−75−85−99−31
Net Cash Flow−2−420−7−10−424142−1364012−41

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %14.04.011.07.011.020.015.034.023.019.018.017.017.0
ROE %————————————12.7
EPS (₹)1.090.390.390.481.643.112.536.477.919.6110.2510.5910.74
Book Value (₹)————————————87.8
Face Value (₹)————————————1
P/E————————————41.0
Div Yield %————————————0.93
NPM %9.63.03.13.97.69.08.323.925.523.422.916.520.2
OPM %10.01.26.04.310.07.012.029.035.030.031.024.034.0
D/E0.080.050.020.010.040.150.030.000.000.000.000.000.04
P/B————————————5.5

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+16.0%
5 years+17.0%
3 years+10.0%
TTM−11.0%
Compounded profit growth
10 years+34.0%
5 years+13.0%
3 years+4.0%
TTM+14.0%
Stock price CAGR
10 years+36.0%
5 years+3.0%
3 years+10.0%
Last year+7.0%
Return on equity
10 years13.0%
5 years13.0%
3 years13.0%
Last year13.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters59.14%59.14%59.11%59.11%59.06%59.05%57.65%58.49%59.09%59.65%60.84%60.84%
FIIs0.00%0.00%0.93%1.38%4.21%6.94%17.09%17.70%16.05%16.45%12.18%11.50%
DIIs0.10%0.10%0.78%1.39%4.85%4.32%3.09%2.43%2.58%4.63%7.10%8.60%
Government————————————
Public40.76%40.76%39.18%38.12%30.84%29.11%22.07%21.13%22.00%18.97%19.42%18.63%
No. of shareholders16,49616,49624,87327,27123,02919,96445,33164,67172,43372,84668,64071,163
Change since Jun 2023 (pp)
Promoters +1.70FIIs +11.50DIIs +8.50Public −22.13

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Newspaper PublicationAnnouncement under Regulation 30 (LODR)-Allotment of ESOP / ESPSClosure of Trading WindowShareholder Meeting / Postal Ballot-Scrutinizer''s Report
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTDec 2025TranscriptNov 2025TranscriptNov 2025PPTNov 2025Recording

Corporate actions

As of 11 Nov 2025
11 Nov 2025DIVIDENDInterim Dividend - Rs 4.50 Per Share—
14 Feb 2025DIVIDENDInterim Dividend - Rs 4.50 Per Share—
21 Feb 2024DIVIDENDInterim Dividend - Rs 4 Per Share—
27 Jul 2023DEMERGERDemerger—
2 Feb 2023DIVIDENDInterim Dividend - Rs 3 Per Share—
26 Apr 2022SPLITFace Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share10 : 1
31 Jan 2022DIVIDENDInterim Dividend - Rs 30 Per Share—
5 Apr 2021DIVIDEND Interim Dividend - Rs 20 Per Share—
3 Aug 2020DIVIDEND Annual General Meeting/Dividend - Rs 1.50 Per Share—
11 Jul 2019DIVIDEND Annual General Meeting/Dividend - Rs 3 Per Share—
19 Jul 2018DIVIDEND Annual General Meeting/Dividend- Rs 3 Per Share—
20 Jul 2017DIVIDEND Annual General Meeting/Dividend - Rs 1.50 Per Share—
14 Jul 2016DIVIDEND Annual General Meeting/ Dividend - Re. 1.50/- Per Share—
22 Jul 2015DIVIDENDAnnual General Meeting/Dividend - Rs 1.50 Per Share—
22 Jul 2014DIVIDENDAnnual General Meeting/Dividend Rs.1.50/- Per Share—
18 Jul 2013DIVIDENDAnnual General Meeting/Dividend Rs 1.50/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman