Close 10 Sep 1505 scanned A
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INDIA VIX11.80-1.05%
MIDCAP 15022,904.25-0.38%
SMALLCAP 25018,433.40+0.01%
NEXT 5072,530.90-0.44%
BREADTH61%above 200-DMA
ADV / DEC558 / 939
NSE close 10 Sep

SAREGAMA

Saregama India
Media Entertainment & PublicationMid capRs 9,739 crRs 20.0 cr traded a dayMedia
Close on 10 September 2026
505.15
+0.92%
52-week range79% of the way up
311.10557.25
Market cap
9,739 cr
P/E (TTM)
40.6×
industry 41×
EPS (TTM)
12.43
Revenue YoY
+28.4%
Q1 FY27
Profit YoY
+39.9%
Net margin
19.7%
+1.6pt vs a year ago
Growth trend
+19.1pt
vs last quarter’s YoY
1 month
-2.1%
Below 52w high
10.3%
RSI (14)
49
Daily swing
3.4%
average true range
Volume
0.9×
vs 20-day average
Traded
Rs 20 cr
median day
Close200-day averageMaterial filing
300400500Sep 25Nov 25Jan 26Mar 26May 26Jul 26Sep 26
260 sessions · hover for the filing behind a move

Key metrics

each ranked against every stock scanned tonight
Above the 200-day average
Above the median
+25.8%
One-year return
Around the median
+4.3%
Return on capital employed
Above the median
18.7%
Debt to equity
Above the median
0.04×
Profitable quarters, last four
of the last four reported
4 of 4
Cash conversion
cash from operations against reported profit
42%
Revenue growth, year on year
latest reported quarter
+28.4%
Below the 52-week high
from the highest close of the year
-9.3%
1 week
+2.33%
1 month
−2.11%
3 months
+9.20%
6 months
+43.59%
1 year
+4.27%

The read

written from the numbers on this page
The evidence leans constructive7 supporting, 1 against, 0 worth knowing

Supporting

  • trading 26% above its 200-day average
  • up 4% over twelve months
  • matches earns well on the capital it uses, which has beaten the market by +1.08 points over 20 sessions across 4,293 past signals
  • 8 of the scans it matches have a positive measured record
  • 5 independent kinds of evidence agree today, which is uncommon
  • revenue grew 28% year on year in the quarter ending 30 June 2026
  • net margin has widened from 12.9% to 19.7% across four quarters

Against

  • 1 of the scans it matches has historically underperformed the market

Worth knowing

  • nothing the data supports either way
SAREGAMA sits in Media — worth checking whether the whole group is moving together or whether this name is doing it alone.
What would change this read: a close below 402, its 200-day average.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.

What is working, what is not

from the filings and from the price, with the figure behind every line
Working5

Saregama India's borrowings are Rs 70 cr, which is 0.04 times its owners' equity of Rs 1,693 cr.

0.04Rs 70 crRs 1,693 cr

Net profit rose 15.4% year on year, from Rs 45 cr to Rs 52 cr.

+15.4%Rs 45 crRs 52 cr

Revenue rose 9.0% year on year, from Rs 242 cr to Rs 264 cr.

+9.0%Rs 242 crRs 264 cr

Trading 25.8% above its 200-day average, which is the line most investors use to separate a bull phase from a bear one.

+25.8%

4 different kinds of evidence point at it tonight, not 4 versions of the same one.

4 families
Needs watching1

Music is 70% of revenue, so the business rests on one segment.

Music70%
Every figure here is computed — from the company’s own filings, or from its own closing prices. Wording of 4 of these 4 filing lines was drafted by a language model, which is given the figures and may not introduce another — any sentence containing a number that did not come from the filings is discarded before it reaches this page.

How it has performed

price return over each window, beside the median NSE stock over the same days
this stockmedian NSE stock, same window+2.3%+3.1 pt vs market1W-2.1%-1.0 pt vs market1M+9.2%+6.5 pt vs market3M+43.6%+27.0 pt vs market6M+4.3%+7.5 pt vs market1Y

What the scans say today

11 of 47 matched on 10 Sep
SAREGAMA matches 11 of the 47 scans today, across 5 different kinds of evidence. Three or more independent families agreeing is uncommon — it is the same test the shortlist on every page uses.

What this company does

segments and revenue mix, as the company reports them
SAREGAMA reports 4 business segments. The largest is Music at 70% of revenue in the quarter ending 30 June 2026.
SegmentRevenueSharevs a year ago
Music185 cr70.0%
Artist Management46 cr17.5%
Video17 cr6.4%
Events16 cr6.1%
Segment names are the company’s own, taken verbatim from the reportable-segment disclosure in its quarterly XBRL filing. Nothing on this page describes the business in words we wrote.

Quality of the business

balance sheet as at 31 March 2026
Return on equity
14.2%
trailing profit over shareholders’ funds
Return on capital
18.7%
pre-tax profit over equity plus borrowings
Debt to equity
0.04×
70 cr borrowed against 1,693 cr of equity
Net debt
42 cr
borrowings less cash
Cash conversion
42%
operating cash flow as a share of profit
Receivable days
50
how long customers take to pay
Return on capital uses profit before tax over equity plus borrowings. The textbook version adds finance costs back; those are not tagged reliably in quarterly filings, so this understates the ratio for a heavily borrowed company rather than flattering it. Balance sheets are filed half-yearly, so these can be up to six months behind the profit figures above.

Valuation against its own history

500 sessions since 26 September 2024
32×
median 46×
55×
now 41×
SAREGAMA trades at 41× trailing earnings, below its median of 46× over this window — 11% less expensive than usual. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.

Recent filings

from the exchange, newest first
Other filing filings were typically +0.01pt vs the market over the next 5 sessions (n=17,202) · AGM / EGM filings were typically +0.17pt vs the market over the next 5 sessions (n=8,423)

The business

from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
20426320524248326028726425.6%12.9%25.8%19.7%Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q3 FY26Q4 FY26Q1 FY27
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.

Going for it

  • revenue grew 28% against the same quarter a year earlier
  • profit rose 40% year on year

Going against it

  • net margin narrowed from 25.8% to 19.7%
Quarter-by-quarter numbers, as filed
QuarterRevenueProfit before taxNet profitEPSNet margin
Q1 FY27
30 Jun · consolidated
26472522.6919.7%
Q4 FY26
31 Mar · consolidated
287103743.8625.8%
Q3 FY26
31 Dec · consolidated
26070512.6719.7%
Q3 FY25
31 Dec · consolidated
48384623.2412.9%
Q2 FY25
30 Sep · consolidated
24259452.3318.6%
Q1 FY25
30 Jun · consolidated
20551371.9218.1%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.

Where the price stands

the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average+0.2%
Versus 200-day average+25.8%
Below 52-week high-9.3%
Above 52-week low+62.4%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)49.3
Higher closes in last 54 of 5
Six-month return+43.59%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)3.44%
Volume versus 20-day0.9x
Median daily turnoverRs 20.0 cr

Peers

Media Entertainment & Publication · 8 classified companies
SAREGAMA trades at 40.6× trailing earnings against an industry median of 40.6× across 5 other classified companies in its industry — priced roughly in line with them. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
CompanyMarket cap (Rs cr)P/E1 month1 yearTurnover (Rs cr)
PFOCUS24,347167.7+17.00%+65.35%21.5
SUNTV17,95211.7−4.74%−17.70%13.2
NAZARA13,881+6.37%+35.68%45.8
PVRINOX11,99327.0+2.67%+10.23%55.5
SAREGAMA9,73940.6−2.11%+4.27%20.0
TIPSMUSIC8,41640.9−2.36%+10.14%10.8
ZEEL7,77926.9−16.99%−32.49%250.7
NETWORK184,106−6.55%−51.26%13.3
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet

Recent sessions

what this stock has matched since the engine went live
This is the live record, not the backtest — the scans this stock actually appeared in on each stored session. A name that keeps reappearing is in a persistent condition; a one-day appearance usually is not.
SessionScansWhich
1 Sep1Bullish engulfing