Saregama India Ltd
NSE: SAREGAMASaregama India Ltd: A 30-second snapshot
Saregama India trades at ₹336.50, down 36.4% over the past year and 43.6% below its 52-week high, with price sitting below both its 50-DMA (₹337.51) and 200-DMA (₹396.28). The company recorded a 5-year revenue decline of 46.1% and earnings decline of 17.3%, though it maintains a 20.5% profit margin and modest leverage (D/E: 0.19). With a quality score of 29 — the lowest among its 4 tracked Media peers — and only 3 confirmed FCF-positive years, the fundamental profile shows meaningful deterioration alongside an elevated PE of 33.7x.
P/E
33.7
Forward P/E
29.3
ROE
—
Debt / Equity
0.18
Profit Margin
+20.4%
Div. Yield
+2.6%
5Y ROE > 15%
0/5
5Y FCF > 0
3/5
Quality
39/100
Recent context
- ·No news headlines were retrieved for the stock during this analysis run, leaving the near-term catalyst and sentiment picture incomplete.
- ·A 3-month price change of +2.28% suggests some stabilisation in the short term after the steep 12-month decline of 36.4%, though the stock remains below both key moving averages.
- ·Rising debt trend flagged in the persistence data, combined with only 3 FCF-positive years on record, points to a balance sheet that is becoming less conservative over time despite current low leverage ratios.
Strengths
- +Profit margin of 20.45% is healthy in absolute terms, suggesting the company retains meaningful pricing power or cost control on remaining revenue.
- +Debt-to-equity of 0.19 indicates conservative balance-sheet leverage relative to the sector, limiting near-term solvency risk.
- +Dividend yield of 2.58% represents a cash return to shareholders in a year when the price has declined significantly.
- +Forward PE of 29.3x versus trailing PE of 33.7x implies the consensus expectation of some earnings recovery in the next 12 months.
Weaknesses
- −5-year revenue contraction of 46.1% and earnings contraction of 17.3% indicate the business has structurally shrunk over the measurement window, not merely cyclically.
- −Price has declined 36.4% over 12 months and remains 17.8% below its 200-DMA of ₹396.28, reflecting sustained selling pressure across a multi-month period.
- −Quality score of 29 ranks 4th (last) among the 4 tracked Media-sector peers — below ZEEL (41), PVRINOX (39), and SUNTV (50) — with 0 ROE years above 15% and a rising debt trend.
- −PE of 33.7x is the highest in the peer group despite the weakest quality score, creating a valuation-quality disconnect that warrants scrutiny.
Open questions
- ?Is the 46.1% revenue decline over 5 years driven by a structural shift in music/content monetisation, or does it reflect a change in how revenue is recognised or classified after a business restructuring?
- ?Does the 20.5% profit margin in the context of shrinking revenue indicate genuine operating efficiency, or is it partly an artifact of cost cuts that may not be sustainable at current scale?
- ?What accounts for the PE premium (33.7x) relative to peers such as SUNTV (14.0x) and ZEEL (14.8x) given the lowest quality score among the four stocks, and is there a specific asset or licensing stream the market is capitalising differently?
- ?How has the rising debt trend interacted with free cash flow generation — and at what point does the debt level become a constraint on dividends or growth investment?
Peer comparison: Media
Ranks 4 of 4 on qualityTechnical state
Current price
₹336.50
SMA 50
₹337.51
SMA 200
₹396.28
RSI (14)
45.4 (neutral)
From 52w high
-43.6%
1Y return
-36.4%
3M return
+2.3%
50-DMA
Below
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- high5-year revenue growth of -46.1% and earnings growth of -17.3% indicate a sustained contraction in the core business over the measurement period, not a single-year anomaly.
- highPrice is 43.6% below its 52-week high and 36.4% lower year-on-year; stock has traded below its 200-DMA (₹396.28 vs current ₹336.50), which is 17.8% above the current price.
- mediumQuality score of 29 out of 100 ranks last (4th of 4) among Media sector peers tracked; FCF was positive in only 3 of available years and debt trend is rising with 0 ROE years above 15%.
- lowNews section returned 0 headlines — no recent media coverage available to assess sentiment or event risk for this stock.
Cross-section contradictions
- 5-year earnings decline of 17.3% and revenue decline of 46.1% sit alongside a profit margin of 20.45% and a PE of 33.7, which is the highest in the 4-stock Media peer group (sector peers trade at 14.0–56.6x), suggesting the market is assigning a premium multiple despite deteriorating top-line and bottom-line trends.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 12 May 2026 · rotates through NIFTY 500 every ~5 days