| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 159 | 145 | 158 | 139 | 128 | 160 | 132 | 112 | 82 | 112 | 137 | 142 | 108 | 150 | 159 | 199 | 176 | 196 | 197 | 221 | 181 | 186 | 219 | 281 | 218 | 254 | 499 | 263 | 221 | 242 |
| Expenses | 142 | 119 | 135 | 110 | 125 | 133 | 116 | 87 | 58 | 71 | 94 | 89 | 68 | 101 | 96 | 129 | 114 | 128 | 119 | 155 | 113 | 112 | 139 | 193 | 154 | 181 | 399 | 161 | 152 | 161 |
| EBITDA | 16 | 27 | 23 | 29 | 3 | 27 | 16 | 25 | 24 | 40 | 43 | 53 | 40 | 50 | 63 | 70 | 62 | 68 | 78 | 67 | 68 | 74 | 81 | 88 | 64 | 73 | 100 | 103 | 70 | 80 |
| Operating Profit % | -22 % | 18 % | 14 % | 13 % | 1 % | 15 % | 11 % | 20 % | 25 % | 34 % | 30 % | 28 % | 35 % | 31 % | 36 % | 29 % | 31 % | 31 % | 35 % | 24 % | 31 % | 35 % | 32 % | 27 % | 25 % | 25 % | 17 % | 33 % | 27 % | 30 % |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 4 | 5 | 4 | 5 | 6 | 7 | 7 | 8 | 9 | 12 | 13 | 14 | 15 | 17 | 18 | 19 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 5 | 1 | 1 |
| Profit Before Tax | 14 | 24 | 21 | 26 | 0 | 24 | 14 | 22 | 22 | 38 | 41 | 50 | 37 | 45 | 58 | 64 | 56 | 63 | 71 | 58 | 59 | 66 | 70 | 76 | 51 | 59 | 84 | 82 | 51 | 60 |
| Tax | 5 | 8 | 7 | 10 | 2 | 5 | 3 | 8 | 6 | 9 | 10 | 13 | 10 | 12 | 15 | 16 | 14 | 16 | 18 | 15 | 16 | 18 | 18 | 22 | 14 | 14 | 22 | 22 | 15 | 16 |
| Net Profit | 9 | 16 | 14 | 17 | -1 | 19 | 11 | 15 | 16 | 29 | 32 | 37 | 27 | 34 | 44 | 48 | 42 | 47 | 53 | 44 | 43 | 48 | 52 | 54 | 37 | 45 | 62 | 60 | 37 | 44 |
| EPS in ₹ | 4.87 | 8.85 | 7.70 | 9.78 | -0.75 | 11.06 | 5.85 | 9.16 | 9.14 | 16.46 | 18.44 | 2.14 | 15.69 | 19.45 | 2.36 | 2.50 | 2.17 | 2.42 | 2.76 | 2.27 | 2.26 | 2.50 | 2.72 | 2.80 | 1.92 | 2.33 | 3.24 | 3.11 | 1.90 | 2.28 |
Saregama India
Saregama India
375.00
-13.20
(-3.40%)
Key Fundamentals
Market Cap
7,230.36 Cr
EPS
10.62
PE Ratio
37.01
Dividend Yield
1.16 %
Industry
Media 52 Week High
603.80
52 Week Low
378.00
PB Ratio
4.83
Debt to Equity
0.00
Sector
Media & Entertainment Analyst Rating and Forecast
- By Refinitiv from3 analysts
Actual
Company News
View All News
Saregama has completed the full acquisition of Finnet Media through its subsidiary Pocket Aces. The company plans to acquire additional Original Content Producers (OCPs) over the next two years.
Saregama India Limited reported operating revenue of INR 230 crores and PBT of INR 60 crores for Q2FY26. While all segments grew, the Video segment experienced degrowth due to fewer releases compared to Q2FY25, which the company attributes to cyclical issues. The Music segment grew 12% year-on-year, driven by successful releases including Tamil album Idli Kadai, Bengali album Dhumketu, and Malayalam film Sahasam. The company reduced its content spend guidance to INR 320-330 crores from earlier projections due to film album delays, including Sanjay Leela Bhansali's Love War being pushed to next fiscal year. Saregama is implementing Generative AI tools to create music videos for older songs, reducing production time from 10-12 days to 2-3 days. The artist management vertical added 18 new artists, bringing the total to 230 artists with 200 million social media followers. Management revised music segment growth guidance to 19-20% for the current year while maintaining long-term projections of 23% CAGR and 32-33% adjusted EBITDA margins.
Saregama India Limited announced its unaudited financial results for the quarter and half year ended September 30, 2025. The company's Board of Directors approved the quarterly results and declared an interim dividend of Rs 4.50 per equity share of face value Re 1 each (450%). The dividend will be paid to shareholders whose names appear in the Register of Members at the close of business on November 11, 2025, which has been fixed as the Record Date. The consolidated revenue from operations for the quarter was Rs 23,003 lakhs compared to Rs 21,855 lakhs in the previous year quarter. Profit for the quarter stood at Rs 4,376 lakhs versus Rs 4,490 lakhs in the corresponding quarter last year. The company operates through four business segments: Music, Artist Management, Video, and Events. The Board meeting was held on November 5, 2025, and commenced at 11:00 AM, concluding at 12:10 PM.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
375.00 | #1 7,230.36 | #8 37.01 | #3 1,229.40 | #2 41.85 | #1 204 | #6 -2.67 | 18.83 | |
45.04 | 6,945.17 | -5.68 | #1 7,358.60 | -26.37 | -1,777 | #1 127.12 | 28.83 | |
503.90 | 6,471.42 | 36.85 | 329.70 | 28.79 | 167 | 10.37 | 44.08 | |
167.44 | 5,189.58 | #1 -55.23 | 3,825.50 | -8.21 | -458 | -91.87 | 44.80 | |
119.40 | 1,427.89 | 20.45 | 467.50 | -25.92 | 85 | -208.70 | 49.93 | |
323.10 | 816.31 | 18.84 | 306.10 | #1 189.32 | 46 | 1.38 | 26.30 | |
130.62 | 622.67 | 51.86 | 582.20 | 2.84 | 12 | -2.50 | 36.47 | |
286.40 | 456.03 | 22.82 | 104.40 | 15.49 | 20 | -48.84 | 70.62 | |
114.87 | 313.83 | -2.33 | 693.50 | -2.61 | -85 | -75.68 | 56.08 | |
195.20 | 302.68 | 166.84 | 36.90 | -23.13 | 2 | 66.67 | 41.04 |
Growth Rate
Revenue Growth
41.85 %
Net Income Growth
3.34 %
Cash Flow Change
255.17 %
ROE
-4.10 %
ROCE
6.53 %
EBITDA Margin (Avg.)
-23.86 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 247 | 267 | 480 | 578 | 709 | 620 | 784 | 1,688 | 1,704 | 2,034 | 2,095 |
| Fixed Assets | 84 | 85 | 199 | 197 | 215 | 219 | 226 | 278 | 338 | 742 | 835 |
| Current Assets | 113 | 126 | 143 | 215 | 339 | 318 | 432 | 1,232 | 1,252 | 1,222 | 1,203 |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 4 | 6 | 0 |
| Investments | 0 | 0 | 132 | 151 | 148 | 75 | 137 | 676 | 239 | 118 | 111 |
| Other Assets | 163 | 182 | 149 | 230 | 345 | 325 | 420 | 732 | 1,124 | 1,168 | 1,149 |
| Total Liabilities | 247 | 267 | 480 | 578 | 709 | 620 | 784 | 1,688 | 1,704 | 2,034 | 2,095 |
| Current Liabilities | 75 | 89 | 91 | 144 | 217 | 169 | 220 | 246 | 308 | 297 | 418 |
| Non Current Liabilities | 2 | 2 | 47 | 50 | 61 | 49 | 56 | 61 | 51 | 264 | 90 |
| Total Equity | 170 | 176 | 342 | 384 | 431 | 401 | 509 | 1,381 | 1,346 | 1,473 | 1,587 |
| Reserve & Surplus | 150 | 157 | 322 | 364 | 411 | 381 | 488 | 1,358 | 1,323 | 1,450 | 1,564 |
| Share Capital | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 19 | 19 | 19 | 19 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -5 | 20 | -7 | -10 | -4 | 2 | 4 | 142 | -136 | 40 | 13 |
| Investing Activities | -1 | -4 | 1 | 0 | -6 | -5 | -136 | -630 | -154 | 32 | -220 |
| Operating Activities | 3 | 32 | -4 | -19 | -36 | 79 | 190 | 94 | 93 | 93 | 331 |
| Financing Activities | -6 | -8 | -3 | 9 | 38 | -73 | -50 | 677 | -75 | -85 | -99 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Nov 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 59.05 % | 59.05 % | 63.77 % | 57.65 % | 57.65 % | 57.65 % | 58.49 % | 58.49 % | 58.49 % | 58.49 % | 58.83 % | 59.09 % | 59.09 % | 59.09 % | 59.22 % | 59.38 % | 59.50 % | 59.65 % | 59.65 % | 59.65 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 17.12 % | 0.00 % | 16.05 % | 17.22 % | 17.29 % | 15.70 % | 16.45 % | 16.68 % | 16.82 % |
| DIIs | 4.33 % | 3.74 % | 2.84 % | 3.57 % | 3.65 % | 3.09 % | 0.23 % | 0.48 % | 2.65 % | 2.44 % | 2.28 % | 2.39 % | 0.96 % | 2.59 % | 3.23 % | 4.01 % | 4.68 % | 4.63 % | 5.22 % | 5.16 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 16.01 % | 16.22 % | 16.20 % | 14.43 % | 15.02 % | 15.34 % | 14.71 % | 13.14 % | 12.72 % | 12.65 % | 13.07 % | 13.51 % | 14.08 % | 13.67 % | 12.66 % | 12.40 % | 13.24 % | 12.42 % | 11.87 % | 11.83 % |
| Others | 20.61 % | 20.99 % | 17.19 % | 24.35 % | 23.68 % | 23.92 % | 26.58 % | 27.89 % | 26.13 % | 26.43 % | 25.81 % | 7.90 % | 25.87 % | 8.61 % | 7.68 % | 6.91 % | 6.89 % | 6.85 % | 6.58 % | 6.54 % |
| No of Share Holders | 19,964 | 30,143 | 38,663 | 39,052 | 41,036 | 45,331 | 60,753 | 63,530 | 63,536 | 64,671 | 69,381 | 72,903 | 77,338 | 72,433 | 62,698 | 65,629 | 73,232 | 72,846 | 70,281 | 71,427 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 1.5 | 3 | 3 | 1.5 | 0.00 | 0.00 | 3 | 4 | 4.5 |
| Dividend Yield (%) | 0.00 | 2.29 | 5.09 | 15.36 | 0.94 | 0.00 | 0.00 | 0.86 | 0.78 | 1.16 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 06 Apr 2021 |  Dividend | ₹ 20.00 /share | 05 Apr 2021 | 141.33 | 159.19 |
| 01 Feb 2022 | Dividend | ₹ 30.00 /share | 31 Jan 2022 | 499.51 | 442.34 |
| 24 Feb 2022 |  Split | 1:10 | 27 Apr 2022 | 385.01 | 385.01 |
| 21 Dec 2022 |  Extraordinary General Meeting | NA | 21 Dec 2022 | 352.94 | 352.00 |
| 02 Feb 2023 | Dividend | ₹ 3.00 /share | 02 Feb 2023 | 327.61 | 318.95 |
| 21 Feb 2024 | Dividend | ₹ 4.00 /share | 21 Feb 2024 | 368.85 | 407.10 |
| 27 Aug 2024 |  Annual General Meeting | NA | 27 Aug 2024 | 492.75 | 514.60 |
| 05 Nov 2024 |  Quarterly Result Announcement | NA | 05 Nov 2024 | 500.20 | 536.30 |
| 10 Feb 2025 | Quarterly Result Announcement | NA | 10 Feb 2025 | 488.05 | 529.35 |
| 14 Feb 2025 | Dividend | ₹ 4.50 /share | 14 Feb 2025 | 529.35 | 518.55 |
| 15 May 2025 | Quarterly Result Announcement | NA | 15 May 2025 | 535.15 | 548.15 |
| 31 Jul 2025 | Quarterly Result Announcement | NA | 31 Jul 2025 | 485.65 | 483.60 |
| 10 Sept 2025 | Annual General Meeting | NA | 10 Sept 2025 | 479.75 | 500.00 |
| 05 Nov 2025 | Quarterly Result Announcement | NA | 05 Nov 2025 | 453.45 | 452.45 |
| 11 Nov 2025 | Dividend | ₹ 4.50 /share | 11 Nov 2025 | 452.45 | 419.20 |
Announcements
Announcement under Regulation 30 (LODR)-Updates on Acquisition
2 days ago
2 days agoAnnouncement under Regulation 30 (LODR)-Earnings Call Transcript9 days ago
9 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Newspaper PublicationNov 06, 2025
Nov 06, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 06, 2025
Nov 06, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 06, 2025
Nov 06, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 05, 2025
Nov 05, 2025Approved And Declared An Interim Dividend @ Rs. 4.50/- Per Equity Share (I.E. 450% On The Face Value Of Re.1/- Each) On The Paid-Up Equity Share Capital Of The Company
Nov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-Dividend UpdatesNov 05, 2025
Nov 05, 2025Fixes Record Date As Tuesday 11Th November 2025 To Ascertain The Eligibility Of The Members To Receive The Interim Dividend Declared @Rs. 4.50/-Nov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 05, 2025
Nov 05, 2025Corporate Action-Board approves DividendNov 05, 2025
Nov 05, 2025Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Half Year Ended On 30Th September 2025.Nov 05, 2025
Nov 05, 2025Board Meeting Outcome for The Board Of Directors At Its Meeting Held Today I.E. Wednesday 5Th November 2025Nov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 30, 2025
Oct 30, 2025Board Meeting Intimation for Unaudited Financial Results And Interim Dividend.Oct 28, 2025
Oct 28, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 10, 2025
Oct 10, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateSep 27, 2025
Sep 27, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Announcement under Regulation 30 (LODR)-AcquisitionSep 25, 2025
Sep 25, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On 25Th September 2025Sep 25, 2025
Sep 25, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 17, 2025
Sep 17, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 10, 2025
Sep 10, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 10, 2025
Sep 10, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 09, 2025
Sep 09, 2025Announcement under Regulation 30 (LODR)-Investor PresentationSep 06, 2025
Sep 06, 2025Intimation With Regards To Regulation 30(5) For Change In Authorization Of Kmps For Determining The Materiality Of Any Event Or Information For The Purpose Of Making Disclosure To Stock Exchanges.Sep 05, 2025
Sep 05, 2025Announcement under Regulation 30 (LODR)-Change in ManagementSep 05, 2025
Sep 05, 2025Announcement under Regulation 30 (LODR)-AcquisitionSep 05, 2025
Sep 05, 2025Appointment of Company Secretary and Compliance OfficerSep 05, 2025
Sep 05, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On 5Th September 2025Sep 05, 2025
Sep 05, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 04, 2025
Sep 04, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 21, 2025
Aug 21, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 15, 2025
Aug 15, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 14, 2025
Aug 14, 2025 Notice Of 78Th Annual General Meeting To Be Held On 10Th September 2025.Aug 14, 2025
Aug 14, 2025Letter To The Members Providing Web-Link For Accessing
The Integrated Annual Report For The Financial Year 2024-25.Aug 14, 2025
Aug 14, 2025Reg. 34 (1) Annual Report.Aug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 09, 2025
Aug 09, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 01, 2025
Aug 01, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 01, 2025
Aug 01, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateJul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Investor PresentationJul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 31, 2025
Jul 31, 2025Unaudited Financial Results For The Quarter Ended 30Th June 2025Jul 31, 2025
Jul 31, 2025Board Meeting Outcome for Board Meeting Outcome For Considered Approved And Taken On Record The Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter Ended 30Th June 2025.Jul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 29, 2025
Jul 29, 2025Mutual Fund Holdings
LIC MF Aggressive Hybrid Fund Direct-Growth 
Bandhan Innovation Fund Direct-Growth 
Nippon India Nifty Smallcap 250 Index Fund Direct - Growth 
JioBlackRock Nifty Smallcap 250 Index Fund Direct - Growth 
Motilal Oswal Nifty Smallcap 250 Index Fund Direct - Growth 
HDFC Nifty Smallcap 250 Index Fund Direct-Growth 
ICICI Prudential Nifty Smallcap 250 Index Fund Direct - Growth 
SBI Nifty 500 Index Fund Direct-Growth 
Navi Nifty Smallcap250 Momentum Quality 100 Index Fund Direct - Growth 
Kotak Nifty Smallcap 250 Index Fund Direct-Growth 
Groww Nifty Smallcap 250 Index Fund Direct - Growth 
Axis Nifty 500 Index Fund Direct-Growth 
Edelweiss Nifty Smallcap 250 Index Fund Direct - Growth 
Angel One Nifty Total Market Index Fund Direct - Growth 
Mirae Asset Nifty Total Market Index Fund Direct-Growth Technical Indicators
RSI(14)
Neutral 22.30
ATR(14)
Less Volatile 11.73
STOCH(9,6)
Oversold 9.87
STOCH RSI(14)
Oversold 9.94
MACD(12,26)
Bearish -3.25
ADX(14)
Strong Trend 42.78
UO(9)
Bearish 36.98
ROC(12)
Downtrend And Accelerating -14.90
WillR(14)
Oversold -87.99
About Saregama India
Saregama India Limited is an audio entertainment company engaged in manufacturing and selling music storage devices like Carvaan and music cards, as well as managing music rights. The company also produces and distributes films, TV serials, and digital content, and organizes events. Saregama owns approximately 200,000 music tracks, estimated to be about 50% of all recorded music in India. The company operates in multiple segments including Music, Artist Management, Video, and Events. It has recently expanded its business by acquiring new music rights, launching an Artist Management vertical, and acquiring a controlling stake in Pocket Aces Pictures Private Limited. Saregama has undergone several structural changes, including mergers and demergers, to streamline its operations and focus on core business activities.
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Chairperson NameS Goenka
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