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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Saregama India Limited is an India-based company, which is engaged in the business of manufacturing and sale of music storage devices, such as Carvaan, music cards, vinyl records and dealing with related music rights. It is also engaged in the production and…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, slow-growing business, priced for perfection.
Saregama India is scored on the general / industrial framework. It keeps a fat 20.1% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.49×) — worth a closer look. Free cash flow is worth about -0.1% of its market value.
Over the last 3 years revenue compounded at 9%/yr and profit at 4%/yr. Book value has grown 8%/yr. Return on equity is a healthy 13.3%. In the latest quarter profit fell 30% versus the prior quarter.
At 58× earnings, the stock sits at the 99th percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price already implies ~21%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 49.59 | 30.22 | worse |
| P/B | 7 | — | — |
| EV/EBITDA | 28.1 | 38.72 | better |
| ROE | 13.34 | — | — |
| ROCE | 18.11 | 14.2 | better |
| ROA | 9.89 | — | — |
| Quick Ratio | 1.27 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Sun TV Network | 15.2 | 1.7 | 11.4% |
| PVR Inox | 25.6 | 2.1 | 6.4% |
| Tips Industries | 43.0 | 30.1 | 70.1% |
Revenue is on a 2-year growth streak. 9% CAGR — growing but slowly. Growth is decelerating — latest year grew slower than the year before.
Net profit has risen every year — the hallmark of a compounder. Revenue is outpacing profit (9% vs 4%) — costs are rising faster than the top line.
Operating margin has compressed from 31% to 28% — costs or competition are eating into profitability.
ROE at 12% — a respectable return on shareholder capital. Low variance across years — a predictable business that earns steadily on its equity base.
EPS has grown every year — each share earns more than the last, consistently. 4% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 0.5× PAT — reported profit isn't translating into cash, raising earnings quality questions. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 10% QoQ — could be seasonality or a genuine slowdown. Run-rate stepping up — recent quarters average 11% above earlier ones.
Profit fell 30% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 60.8% — majority control intact. FIIs trimmed 2.3pp — foreign money is rotating out. MF holding up 2.4pp — domestic institutional discovery underway. Both FII and MF added last quarter — broad institutional confidence.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.