Saregama India Ltd - Stock Valuation and Financial Performance

BSE: 532163 | NSE: SAREGAMA | Film Production, Distribution & Entertainment | Small Cap

Saregama India Share Price

497.65 -0.45 -0.09%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on Saregama India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Saregama India stock performance -

mw4me loader
P/E Ratio (CD):
51.08
Market Cap:
9,595.2 Cr.
52-wk low:
326
52-wk high:
688.5

Is Saregama India Ltd an attractive stock to invest in?

1. Is Saregama India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Saregama India Ltd is a average quality company.

2. Is Saregama India Ltd undervalued or overvalued?

The key valuation ratios of Saregama India Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Saregama India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Saregama India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Saregama India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Saregama India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 4.5%6.6%9.5%15.9%26.7%19.4%44%26.5%20.3%21.2%-
Value Creation
Index
-0.7-0.5-0.30.10.90.42.11.00.50.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 187222219357545521442576737803914
Sales YoY Gr.-18.8%-1.4%63.2%52.8%-4.3%-15.3%30.4%27.8%9%-
Adj EPS 0.40.80.51.61.82.56.58.49.510.49.7
YoY Gr.-74.4%-30.7%211.5%9.3%41.2%158%30.7%12.5%10%-
BVPS (₹) 7.98.313.61618.716.62365.763.769.874.8
Adj Net
Profit
7.5139.128.230.943.5112163183201188
Cash Flow from Ops. 2.731.9-3.6-19-35.779.319094.493.493.3-
Debt/CF from Ops. 2.90.1-0.8-0.8-1.80.10000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 17.6%8.1%22%9%
Adj EPS 42.5%42.6%17.4%10%
BVPS27.4%30.2%44.9%9.6%
Share Price 41.8% 63.6% -0.6% 42.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
4.57.63.67.87.610.524.917.313.514.313.5
Op. Profit
Mgn %
6.56.64.810.26.211.629.434.53030.727.1
Net Profit
Mgn %
3.85.94.37.95.78.325.628.224.825.120.5
Debt to
Equity
0.1000.10.2000000
Working Cap
Days
245228259226228286335314298282239
Cash Conv.
Cycle
332820487591655683108167

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 22.02%

Net Profit is growing at healthy rate in last 3 years 17.37%

Sales growth is good in last 4 quarters at 26.86%

Return on Equity has declined versus last 3 years average to 13.50%

Latest Financials - Saregama India Ltd.

Standalone Consolidated
TTM EPS (₹) 10.2 9.7
TTM Sales (₹ Cr.) 812 914
BVPS (₹.) 74.8 74.8
Reserves (₹ Cr.) 1,409 1,423
P/BV 6.66 6.65
PE 48.65 51.08
From the Market
52 Week Low / High (₹) 325.95 / 688.50
All Time Low / High (₹) 0.71 / 688.50
Market Cap (₹ Cr.) 9,595
Equity (₹ Cr.) 19.3
Face Value (₹) 1
Industry PE 43.8

Management X-Ray of Saregama India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Saregama India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales187222218357545521442576737803
Operating Expenses 176207209320511461312377516562
Manufacturing Costs939894100126135118180266226
Material Costs17-26917511046424385
Employee Cost 37494960576770627593
Other Costs 445368911531507993132158
Operating Profit 11149363460130199221241
Operating Profit Margin (%) 5.8%6.5%4.3%10.2%6.2%11.6%29.4%34.5%30.0%30.1%
Other Income 11121310611131355469
Interest 1023773563
Depreciation 6544356132136
Exceptional Items -9-1200000000
Profit Before Tax 6916398560152216248271
Tax 02711301738526373
Profit After Tax 679285443113164185198
PAT Margin (%) 3.4%3.1%4.0%7.9%10.0%8.3%25.7%28.5%25.1%24.6%
Adjusted EPS (₹)0.40.40.51.63.12.56.57.99.610.3
Dividend Payout Ratio (%)39%38%31%18%10%6%31%38%31%39%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1681743403824283935041,3771,3391,458
Share Capital 17171717171717191919
Reserves 1501573223644113764861,3571,3201,438
Minority Interest3232323333
Debt843166490002
Long Term Debt0000000000
Short Term Debt843166490002
Trade Payables28303840565856657093
Others Liabilities 6280137189229248350423291478
Total Liabilities 2672905216297807119131,8681,7042,034

Fixed Assets

Gross Block195203201204225233244308388828
Accumulated Depreciation9810348121620335288
Net Fixed Assets97100197195213217224276336740
CWIP 0000002246
Investments 404013215114875137676239118
Inventories511049969469105164239
Trade Receivables5446527311010887108148159
Cash Equivalents 626191179145324508542
Others Assets6677111150206207249378305230
Total Assets 2672905216297807119131,8681,7042,034

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 332-4-19-3679190949393
PBT 6916398560152204248271
Adjustment 10-1-15-162-18-14-43-40
Changes in Working Capital -534-7-52-923969-39-45-86
Tax Paid -9-10-11-10-13-22-14-57-67-51
Cash Flow From Investing Activity -1-400-6-5-136-630-14817
Capex -2-7-2-3-12-8-22-73-103-92
Net Investments 000000-12349-5952
Others 1332639-6061457
Cash Flow From Financing Activity -6-8-3938-72-49677-75-85
Net Proceeds from Shares 000000073500
Net Proceeds from Borrowing -2000000000
Interest Paid -100-1-4-3-1-1-1-3
Dividend Paid -3-3-3-3-5-5-37-58-58-77
Others -1-5-11247-64-111-17-5
Net Cash Flow -420-7-10-424141-13025
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)4.594.884.551118.0214.1532.8819.7314.8415.35
ROCE (%)4.496.559.4615.8526.7219.3543.9626.4520.3221.15
Asset Turnover Ratio0.70.80.540.620.770.70.540.410.410.43
PAT to CFO Conversion(x)0.54.57-0.44-0.68-0.671.841.680.570.50.47
Working Capital Days
Receivable Days90838264617681626370
Inventory Days851031496667556792
Payable Days9,2571,434-5,139208101191458523569353

Saregama India Ltd Stock News

Saregama India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Saregama India on 20-Dec-2024 16:59 is ₹497.6.
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 20-Dec-2024 16:59 the market cap of Saregama India stood at ₹9,595.2.
The latest P/E ratio of Saregama India as of 20-Dec-2024 16:59 is 48.65.
The latest P/B ratio of Saregama India as of 20-Dec-2024 16:59 is 6.66.
The 52-week high of Saregama India is ₹688.5 and the 52-week low is ₹325.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Saregama India is ₹812.0 ( Cr.) .

About Saregama India Ltd

Saregama India was incorporated on August 13, 1946. The company is a subsidiary of the Gramophone Company, England (parent company). The parent company established its Indian branch in 1901 and set up a factory in Calcutta to manufacture records and gramophones in 1907. The factory at Dum Dum, Calcutta was established in 1928.

The products manufactured were marketed under the trade marks His Master's Voice and Columbia.  The parent company carried on the business in India until July 1, 1964 and from that date, the company purchased and acquired appropriate assets of the parent company's branch in India as a going concern. The parent company is itself a subsidiary of Electric and Musical Industries, England, known as EMI throughout the world.

The company's factory is situated at Dum Dum, Calcutta, where the parent company's factory was situated. The company's factory is most up-to-date in all manufacturing techniques (especially in the field of gramophone records) and is largely air conditioned.

Business area of the company

The company engaged in manufacturing, selling and dealing of gramophone records, radio receivers, radiograms, record players, record producers, pick-up cartridges, components and accessories thereof and other allied products.

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