Saregama India Ltd
NSE: SAREGAMASaregama India Ltd: A 30-second snapshot
Saregama trades at ₹521.40, up 8.53% over the past year but up 51.46% over just the trailing 3 months, sitting 2.71% below its 52-week high and above both its 50-DMA (₹471.38) and 200-DMA (₹391.23). It carries a PE of 48.68 (forward 34.21) — the highest among the 4 tracked Media peers — against 5-year revenue growth of 19.4% and earnings growth of 24.1%. Debt-to-equity is approximately 0.04x (near-unlevered), while free cash flow was positive in only 2 of the tracked years and ROE has not exceeded 15% in any tracked year.
P/E
48.7
Forward P/E
34.2
ROE
+12.6%
Debt / Equity
4.28
Profit Margin
+21.0%
Div. Yield
+1.7%
5Y ROE > 15%
0/5
5Y FCF > 0
2/5
Quality
50/100
News
8 headlines · 3 positive · 4 negative
Shrirang Deodhar moves on from Saregama India - exchange4media.com
exchange4media.com
Delhi HC restrains Ilaiyaraaja from broadcasting songs from 134 films in Saregama copyright dispute - The Hindu
The Hindu
Ilaiyaraaja can't claim rights to 134 films' songs. Delhi HC rules in Saregama's favour - ThePrint
ThePrint
Shrirang Deodhar Exits Saregama India - impactonnet.com
impactonnet.com
Ilaiyaraaja vs Saregama: Decoding ownership and authorship in film music - The New Indian Express
The New Indian Express
Recent context
- ·Delhi HC restrained Ilaiyaraaja from broadcasting songs from 134 films in a copyright dispute with Saregama, per rulings reported July 2, 2026 by The Hindu and ThePrint.
- ·Shrirang Deodhar's departure from Saregama was reported by multiple outlets (exchange4media.com, impactonnet.com) on July 29, 2026.
- ·Of 8 tracked headlines, sentiment was mixed (3 positive, 4 negative, 1 neutral, overall label neutral), while the stock gained 51.46% over the trailing 3 months.
Strengths
- +5-year revenue growth of 19.4% and earnings growth of 24.1%, with a profit margin of 21.03%.
- +Best quality score (61) and best ROE (12.57%) among the 4 tracked Media peers (PVRINOX, SUNTV, ZEEL).
- +Debt-to-equity of approximately 0.04x, near-unlevered on the balance sheet.
- +Trading above both the 50-DMA (₹471.38) and 200-DMA (₹391.23), 2.71% below its 52-week high, with RSI at 61.28 (neutral).
Weaknesses
- −Free cash flow was positive in only 2 of the tracked years, and ROE has not exceeded 15% in any tracked year — persistence consistency score of 19 out of 100.
- −PE of 48.68 (forward 34.21) is the highest among the 4 tracked Media peers (range 13.9x–40.6x PE).
- −Debt-to-equity, while low in absolute terms (~0.04x), shows a 'rising' trend per the persistence data, from a near-zero base.
- −Senior leadership departure (Shrirang Deodhar) was covered by multiple outlets in late July 2026.
Open questions
- ?Does the near-zero debt-to-equity (~0.04x) reflect a deliberate low-leverage capital strategy, and what is driving the 'rising' trend noted in the persistence data from that base?
- ?What explains free cash flow being positive in only 2 of the tracked years despite a 21.03% profit margin — working capital cycles, content investment, or something else?
- ?How does the departure of a senior executive (Shrirang Deodhar) relate to the company's forward strategy, if at all?
- ?Does the 48.68 PE — the highest among tracked Media peers — reflect the 24.1% 5-year earnings growth rate, or does it price in growth beyond that historical rate?
Peer comparison: Media
Ranks 1 of 4 on qualityTechnical state
Current price
₹521.40
SMA 50
₹471.38
SMA 200
₹391.23
RSI (14)
61.3 (neutral)
From 52w high
-2.7%
1Y return
+8.5%
3M return
+51.5%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Risk flags
- highFree cash flow was positive in only 2 of the tracked years (negative in the remainder), ROE has not exceeded 15% in any tracked year, and the persistence consistency score is 19 out of 100 — indicating an inconsistent multi-year track record on cash generation and equity returns.
- mediumPE of 48.68 (forward 34.21) is the highest among the 4 tracked Media peers (PVRINOX 39.66x, ZEEL 40.62x, SUNTV 13.91x), ranking last (4th of 4) on the PE comparison despite ranking 1st of 4 on both ROE (12.57%) and quality score (61).
- mediumSenior leadership departure — Shrirang Deodhar's exit from Saregama — was reported by multiple outlets (exchange4media.com, impactonnet.com) on July 29, 2026, contributing to a negative-leaning tilt in recent headline sentiment (4 negative vs 3 positive of 8 tracked).
- lowAnalyst section reports a count of 4 tracked analysts but no consensus rating value; sector peer comparison also has gaps — priceChange1Y is unavailable for all 3 tracked Media peers and ROE is unavailable for PVRINOX — limiting the completeness of analyst and peer benchmarking.
Cross-section contradictions
- News flow skews negative (4 negative vs 3 positive of 8 tracked headlines, overall label neutral) yet the stock is up 51.46% over the trailing 3 months and trades only 2.71% below its 52-week high.
- Saregama ranks best among tracked Media peers on both current ROE (12.57%) and quality score (61), yet its own persistence data shows ROE never exceeded 15% in any tracked year and free cash flow was positive in only 2 of the tracked years (consistency score 19/100) — current-period strength sits atop a weaker multi-year track record.
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 11 Aug 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 31 Jul 2026 · rotates through NIFTY 500 every ~5 days