Saregama India Ltd.

BSE: SAREGAMA532163ISIN INE979A01025

Consumer Discretionary
Media & Entertainment
BSE 1000

Share price

₹635.15+72.95 (+12.98%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹652.00
52W low: ₹305.65
Off 52W high: -2.58%
1M return: +27.77%
3M return: +13.92%
6M return: +81.19%
1Y return: +40.43%
20D avg volume: 1,60,235
50 DMA: ₹504.25
200 DMA: ₹428.71

Key ratios Consolidated

Market cap: ₹12,246 Cr
Current price: ₹635.15
52W high / low: ₹652.00 / ₹305.65
Face value: ₹1.00
P/E: 50.72
P/B: 6.73
EPS (TTM): ₹12.52
Book value / share: ₹94.44
ROE: —
ROCE: 16.00%
Operating margin: —
Net margin: —
Debt / equity: 0.04
Net debt: ₹42.21 Cr
Interest cover: 53.22
Dividend yield: 0.71%
Dividend / share (TTM): ₹4.50
Payout: 35.94%
Cash conversion cycle: 97.4 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	314.30	263.60	287.44	260.38	230.03	206.77	240.82	483.43	241.83	205.28	263.05	204.26
	5.17	4.21	9.15	7.42	11.47	14.23	17.65	15.71	12.53	12.18	17.98	14.96
	319.47	267.81	296.59	267.80	241.50	221.00	258.47	499.14	254.36	217.46	281.03	219.22
	237.69	196.09	192.21	191.30	181.40	169.95	181.81	414.69	195.06	166.76	205.00	149.14
	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	—	—	—	—	—
	33.67	27.47	27.01	27.30	29.58	25.13	24.12	26.68	30.40	26.30	27.79	23.76
	1.32	2.17	2.06	1.27	1.13	0.98	4.71	0.39	0.43	0.21	0.37	1.21
	24.04	23.64	23.66	21.39	19.01	17.49	16.60	15.24	13.64	12.73	11.60	9.29
	178.66	142.81	139.48	141.34	131.68	126.35	136.38	20.86	21.38	20.18	27.95	21.22
	81.78	71.72	104.38	76.50	60.10	51.05	76.66	84.45	59.30	50.70	76.03	70.08
	0.00	0.00	-0.97	-6.98	0.00	0.00	4.96	0.00	0.00	0.00	0.00	0.00
	81.78	71.72	103.41	69.52	60.10	51.05	81.62	84.45	59.30	50.70	76.03	70.08
	21.60	18.63	29.27	18.28	16.27	14.54	21.76	22.11	14.35	13.61	22.13	17.73
	64.17	51.88	74.14	51.24	43.83	36.51	59.86	62.34	44.95	37.09	53.90	52.35
	3.37	2.69	3.86	2.67	2.28	1.90	3.11	3.24	2.33	1.92	2.80	2.72
Key metrics
	107.14	97.53	129.13	92.18	80.24	69.52	102.93	100.08	73.37	63.64	88.00	80.58
	34.10%	37.00%	44.90%	35.40%	34.90%	33.60%	42.70%	20.70%	30.30%	31.00%	33.50%	39.40%
	20.40%	19.70%	25.80%	19.70%	19.10%	17.70%	24.90%	12.90%	18.60%	18.10%	20.50%	25.60%
	4.30%	—	5.80%	—	3.50%	—	5.10%	—	—	—	—	—
	36.60%	27.50%	19.40%	-46.10%	-4.90%	0.70%	-8.50%	136.70%	—	—	—	—
	46.40%	42.10%	23.90%	-17.80%	-2.50%	-1.60%	11.10%	19.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,126	984.62	1,171	803.00	736.62	580.63
	25.95	42.27	58.07	63.66	53.63	34.91
	1,152	1,027	1,229	866.66	790.25	615.54
	817.29	734.86	958.32	595.87	542.17	411.13
	0.00	0.00	0.00	—	—	—
	0.00	0.00	0.00	—	—	—
	115.45	109.02	107.50	93.16	75.00	73.45
	6.82	5.44	5.74	3.24	5.71	4.52
	92.73	81.55	58.21	36.18	20.82	13.10
	602.29	538.85	786.87	94.00	72.94	61.76
	334.38	292.03	271.11	270.79	248.08	204.41
	-7.95	-7.95	4.96	0.00	0.00	0.00
	326.43	284.08	276.07	270.79	248.08	204.41
	87.78	77.86	71.83	73.23	63.03	51.76
	241.43	206.22	204.24	197.56	185.05	152.65
	12.59	10.73	10.62	10.27	9.63	8.43
Key metrics
	425.98	371.07	340.02	310.21	274.61	222.03
	37.84%	37.70%	29.00%	38.60%	37.30%	38.20%
	21.45%	20.90%	17.40%	24.60%	25.10%	26.30%
	—	16.00%	16.80%	—	—	—
	-3.04%	-15.90%	45.90%	9.00%	26.90%	—
	19.20%	1.00%	3.40%	6.80%	21.20%	—
	—	-113.95	169.54	—	—	—
	—	0.49	1.62	—	—	—
	—	0.04	0.00	—	—	—
	—	42.21	-69.39	—	—	—
	—	97.4	79.8	—	—	—
Balance sheet
	—	2,322	2,095	—	—	—
	—	892.52	1,203	—	—	—
	—	28.17	69.39	—	—	—
	—	176.92	143.22	—	—	—
	—	243.43	240.21	—	—	—
	—	92.32	105.95	—	—	—
	—	221.99	222.22	—	—	—
	—	157.58	127.55	—	—	—
	—	510.28	418.36	—	—	—
	—	70.38	0.00	—	—	—
	—	60.93	0.00	—	—	—
	—	9.45	0.00	—	—	—
	—	1,695	1,587	—	—	—
Cash flow
	—	100.02	331.20	—	—	—
	—	-109.86	-220.60	—	—	—
	—	-31.37	-98.72	—	—	—
	—	213.97	161.66	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	257.69	208.25	238.27	210.30	194.72	177.35	215.93	406.91	213.41	172.96	238.44	187.21
	4.03	3.54	6.69	6.95	11.08	13.38	17.52	14.87	11.92	11.41	14.37	13.92
	261.72	211.79	244.96	217.25	205.80	190.73	233.45	421.78	225.33	184.37	252.81	201.13
	178.53	141.46	140.24	139.42	141.88	136.76	158.81	338.77	161.99	133.55	169.44	134.43
	0.00	38.43	46.08	0.00	0.00	51.59	69.23	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	25.84	20.23	20.11	20.62	23.70	19.33	19.68	21.05	24.73	18.97	20.45	20.69
	1.32	1.51	1.26	0.48	0.74	0.37	0.18	0.22	0.47	0.03	0.51	1.07
	22.62	22.21	22.23	20.06	17.82	16.28	15.39	14.02	12.42	11.52	9.99	8.92
	128.75	59.08	50.56	98.26	99.62	49.19	54.33	17.83	17.86	18.99	20.37	21.14
	83.19	70.33	104.72	77.83	63.92	53.97	74.64	83.01	63.34	50.82	83.37	66.70
	0.00	0.00	-1.55	-6.98	0.00	0.00	0.00	—	—	—	—	—
	83.19	70.33	103.17	70.85	63.92	53.97	74.64	83.01	63.34	50.82	83.37	66.70
	20.88	17.73	28.84	18.00	16.27	13.75	19.13	21.58	14.28	13.51	21.59	17.63
	62.31	52.60	74.33	52.85	47.65	40.22	55.51	61.43	49.06	37.31	61.78	49.07
	3.25	2.74	3.87	2.75	2.48	2.09	2.89	3.19	2.55	1.94	3.21	2.55
Key metrics
	107.13	94.05	126.66	91.39	82.48	70.62	90.21	97.25	76.23	62.37	93.87	76.69
	41.60%	45.20%	53.20%	43.50%	42.40%	39.80%	41.80%	23.90%	35.70%	36.10%	39.40%	41.00%
	24.20%	25.30%	31.20%	25.10%	24.50%	22.70%	25.70%	15.10%	23.00%	21.60%	25.90%	26.20%
	4.40%	—	5.80%	—	3.70%	—	4.60%	—	—	—	—	—
	32.30%	17.40%	10.30%	-48.30%	-8.80%	2.50%	-9.40%	117.40%	—	—	—	—
	30.80%	30.80%	33.90%	-14.00%	-2.90%	7.80%	-10.10%	25.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	914.51	820.64	1,009	758.77	695.18	568.31
	21.21	38.10	55.72	58.43	53.31	33.41
	935.72	858.74	1,065	817.20	748.49	601.72
	599.65	558.30	793.12	541.76	505.31	399.73
	84.51	185.15	426.46	—	—	—
	0.00	0.00	0.00	—	—	—
	86.80	83.76	84.43	82.42	74.03	61.08
	4.57	2.85	0.90	3.43	5.71	4.51
	87.12	76.39	53.35	34.20	20.82	13.02
	336.65	210.15	227.98	83.98	74.42	55.42
	336.07	300.44	271.81	275.44	249.86	201.99
	-8.53	-8.53	0.00	—	—	—
	327.54	291.91	271.81	275.44	243.18	201.99
	85.45	76.86	68.51	72.45	62.70	51.57
	242.09	215.05	203.30	202.99	180.48	150.42
	12.61	11.19	10.57	10.55	9.37	8.31
Key metrics
	419.23	371.15	326.06	313.07	269.71	219.52
	45.84%	45.20%	32.30%	41.30%	38.80%	38.60%
	26.47%	26.20%	20.10%	26.80%	26.00%	26.50%
	—	16.50%	16.60%	—	—	—
	-8.08%	-18.70%	33.00%	9.10%	22.30%	—
	18.20%	5.80%	0.20%	12.50%	20.00%	—
	—	-103.09	178.45	—	—	—
	—	0.51	1.67	—	—	—
	—	0.06	0.00	—	—	—
	—	84.13	-53.83	—	—	—
	—	112.8	88.7	—	—	—
Balance sheet
	—	2,248	2,024	—	—	—
	—	797.79	1,094	—	—	—
	—	11.10	53.83	—	—	—
	—	139.60	125.57	—	—	—
	—	234.35	229.81	—	—	—
	—	80.68	104.11	—	—	—
	—	220.59	220.82	—	—	—
	—	120.22	110.14	—	—	—
	—	460.79	381.93	—	—	—
	—	95.23	0.00	—	—	—
	—	85.78	0.00	—	—	—
	—	9.45	0.00	—	—	—
	—	1,692	1,575	—	—	—
Cash flow
	—	110.13	339.36	—	—	—
	—	-146.88	-214.50	—	—	—
	—	-5.98	-95.70	—	—	—
	—	213.22	160.91	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +5.69%
Sales CAGR 5Y: —
Profit CAGR 3Y: +6.02%
Profit CAGR 5Y: —
Sales YoY (TTM): -8.08%
Profit YoY (TTM): +18.20%

Consolidated

Sales CAGR 3Y: +10.16%
Sales CAGR 5Y: —
Profit CAGR 3Y: +3.68%
Profit CAGR 5Y: —
Sales YoY (TTM): -3.04%
Profit YoY (TTM): +19.20%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 60.83%

Quarter	September 2026	June 2026
Promoter %	60.83%	60.83%

Holder	Type	Holding	Previous	Change
Composure Services Private Limited	Promoter	55.28%	55.28%	0.00%
Quest Capital Markets Limited	Promoter Group	4.85%	4.85%	0.00%
Malabar India Fund Limited	Public	2.90%	2.90%	0.00%
The Prudential Assurance Company Limited	Public	1.76%	2.11%	-0.35%
Icici Prudential Life Insurance Company Limited	Public	1.43%	1.18%	+0.25%
Helios Flexi Cap Fund	Public	1.41%	—	—
Bajaj Life Insurance Limited	Public	1.12%	1.12%	0.00%
Stel Holdings Limited	Promoter Group	0.44%	0.44%	0.00%
Sarala Real Estate Limited	Promoter Group	0.26%	0.26%	0.00%
Digidrive Distributors Limited	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Prime Focus Limited	23,834	306.05	164.17	24.90%	+29.17% TTM	+176.52% TTM	+70.69%
Saregama India Ltd.	12,246	635.15	50.72	16.00%	-3.04% TTM	+19.20% TTM	+40.43%
TIPS MUSIC LIMITED S	10,058	786.80	44.15	110.20%	+27.39% TTM	+30.65% TTM	+49.78%
Network 18 Media & Investments Limited	4,077	26.44	-200.84	1.10%	-23.25% TTM	+98.36% TTM	-45.65%
Balaji Telefilms Ltd.	1,076	88.26	-50.49	-9.90%	+0.41% TTM	-126.37% TTM	-27.42%
Entertainment Network (India) Ltd	391	82.03	-43.91	-1.80%	-6.56% TTM	-173.68% TTM	-39.37%
SHEMAROO ENTERTAINMENT LIMITED	287	100.00	-2.02	-95.60%	-12.04% TTM	-7.11% TTM	-10.95%
Music Broadcast Limited S	189	5.48	-6.68	-9.60%	-16.62% TTM	+34.73% TTM	-28.18%
STARBEAM VENTURES LIMITED S	48	0.73	24.33	3.00%	+806.84% TTM	+35.04% TTM	—
Shalimar Productions Ltd. S	23	0.23	-23.00	-1.20%	—	+33.01% TTM	-53.06%
Next Mediaworks Ltd S	20	2.95	-3.88	-21.30%	-100.00% TTM	-220.05% TTM	-57.31%
Creative Eye Ltd. S	12	6.10	-2.68	-29.90%	-78.25% TTM	-457.32% TTM	-18.77%
RADAAN MEDIAWORKS (I) LIMITED	11	2.62	-3.80	25.90%	-21.03% TTM	-120.00% TTM	-21.08%

Filings & corporate actions

Recent announcements

Audio Link of Analyst/Investor Conference Call for Q2FY274 Nov 2026 · Company Update / Analyst / Investor Meet
Investor Presentation - Q2 FY 2026-274 Nov 2026 · Company Update / Investor Presentation
Revenue from Operations at INR 3,143 Mn (37% YoY growth), Adjusted EBITDA at INR 1,180 Mn (39% YoY growth) and PBT at INR 858 Mn (43% YoY growth)4 Nov 2026 · Company Update / Press Release / Media Release
The Board of Directors at its Meeting held today, i.e., Wednesday, 4th November, 2026, has considered and approved Voluntary liquidation of Kolkata Metro Networks Limited, a wholly owned ....4 Nov 2026 · Company Update / Restructuring
The Board of Directors at its Meeting held today, i.e., Wednesday, 4th November, 2026, has considered and approved the closure of Saregama FZE, Dubai, a wholly owned subsidiary of the Company.4 Nov 2026 · Company Update / Restructuring
The Board of Directors at its Meeting held today, i.e., Wednesday, 4th November, 2026, has inter-alia considered, approved and taken on record the Unaudited Financial Results (Standalone ....4 Nov 2026 · Result / Financial Results
The Board of Directors at its Meeting held today, i.e., Wednesday, 4th November, 2026, has inter-alia considered, approved and taken on record the Unaudited Financial Results (Standalone ....4 Nov 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Schedule of Analyst/ Investors'' Conference Call27 Oct 2026 · Company Update / Analyst / Investor Meet
Saregama India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve Saregama India Ltd has informed ....15 Oct 2026 · Board Meeting / Board Meeting
In compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, please find attached herewith the Certificate dated 3rd October, 2026 issued by MUFG Intime ....8 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Saregama India Limited has informed the Exchange about Copy of Newspaper Publication regarding special window for re-lodgement of transfer requests of physical shares.6 Oct 2026 · Company Update / Newspaper Publication
The Nomination and Remuneration Committee (''NRC'') has approved grant of 10,50,000 Options, to an eligible employee of the Company.30 Sep 2026 · Company Update / Allotment of ESOP / ESPS
Saregama India Limited- Closure of Trading window for the 2nd quarter and Half year ending on 30th September, 2026.28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Submission of voting results along with the consolidated scrutinizer''s Report in respect of 79th AGM of the Company.15 Sep 2026 · AGM/EGM / AGM
Summary Proceedings of the 79th AGM of the Company, held on Tuesday, 15th September, 2026 at 12:30 P.M (IST) as ''''Annexure-I''''.15 Sep 2026 · AGM/EGM / AGM
Intimation regarding participation of company in forthcoming conference to be held on 8th September, 2026.2 Sep 2026 · Company Update / Analyst / Investor Meet
Saregama India Limited has informed the Exchange about Copy of Newspaper Publication regarding dispatch of electronic copies of Integrated Annual Report along with the Notice of the 79th ....25 Aug 2026 · Company Update / Newspaper Publication
Business Responsibility and Sustainability Reporting (BRSR) for the Financial Year 2025-2624 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Notice of Annual General Meeting for the Financial Year 2025-26 to be held on 15th September, 202624 Aug 2026 · AGM/EGM / AGM
Letter to the Members providing Web-Link for accessing the Integrated Annual Report for the Financial Year 2025-26.24 Aug 2026 · Company Update / General
Integrated Annual Report for the FY 2025-26 including Notice of 79th Annual General Meeting.24 Aug 2026 · Others / Reg. 34 (1) Annual Report
Newspaper Publication Advertisement - Notice of the 79th Annual General Meeting through Video Conferencing/Other Audio Visual Means.14 Aug 2026 · Company Update / Newspaper Publication
Press Release from Pocket Aces Pictures Private Limited, Material Subsidiary of the Company.12 Aug 2026 · Company Update / General
Saregama India Limited has informed the Exchange about Q1FY27 Earning Conference Call-Transcript11 Aug 2026 · Company Update / Earnings Call Transcript
Intimation regarding participation of company in forthcoming conference to be held on 14th August, 2026.11 Aug 2026 · Company Update / Analyst / Investor Meet
Saregama India Limited has informed the Exchange about Copy of Newspaper Publication regarding special window for re-lodgement of transfer requests of physical shares5 Aug 2026 · Company Update / Newspaper Publication
Intimation of Newspaper Publication for Unaudited Financial Results (Standalone and Consolidated) for the Quarter ended on 30th June, 2026.5 Aug 2026 · Company Update / Newspaper Publication
Audio Link of Analyst/Investor Conference Call for Q1FY274 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation 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.4 Aug 2026 · Company Update / General
Investor Presentation - Q1 FY 2026-274 Aug 2026 · Company Update / Investor Presentation
Revenue from Operations at INR 2,636 Mn (27% YoY growth), Adjusted EBITDA at INR 1,124 Mn (69% YoY growth) and PBT at INR 705 Mn (38% YoY growth)4 Aug 2026 · Company Update / Press Release / Media Release
Intimation 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.4 Aug 2026 · Company Update / General
The Board of Directors at its Meeting held today, i.e., Tuesday, 4th August, 2026, has inter-alia considered, approved and taken on record the Unaudited Financial Results (Standalone and ....4 Aug 2026 · Result / Financial Results
The Board of Directors at its Meeting held today, i.e., Tuesday, 4th August, 2026, has inter-alia considered, approved and taken on record the Unaudited Financial Results (Standalone and ....4 Aug 2026 · Board Meeting / Outcome of Board Meeting
Please find attached the revised invite with the functional link for the conference call.29 Jul 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst/ Investors'' Conference Call28 Jul 2026 · Company Update / Analyst / Investor Meet
Corporate Presentation24 Jul 2026 · Company Update / General
The Company has now acquired 35,635 Securities representing 4.82% of issued and paid-up share capital (determined on fully diltued basis) of Pocket Aces Pictures Private Limited (PAPPL) ....22 Jul 2026 · Company Update / Acquisition
Saregama India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/08/2026 ,inter alia, to consider and approve Unaudited Financial Results ....21 Jul 2026 · Board Meeting / Board Meeting
In compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, please find attached herewith the Certificate dated 01st July, 2026 issued by MUFG Intime ....7 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend - Rs. - 4.5000	11 Nov 2025	11 Nov 2025	—
Interim Dividend - Rs. - 4.5000	14 Feb 2025	14 Feb 2025	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
4 Aug 2026 Board Meeting - Financial Results