One of the small-cap stocks engaged in the production and sale of TV serials, pre-recorded programs, and dealing in film rights. The stock has jumped by 4 percent after increasing its 1.69 percent stake with an investment of Rs. 15 crores in Pocket Aces
Stock movement:
In Wednesday’s trading session, Saregama India Limited‘s share jumped by 3.74 percent from the previous close of Rs. 474.70. The stock opened at Rs. 474.25 and is currently trading at Rs. 492.45, with a high of Rs. 499.50 and a low of Rs. 474.25. The market capitalization now stands at approximately Rs. 9,494.90 crore.
What Happened:
Saregama India Limited has invested Rs. 15.00 crore in Pocket Aces by subscribing to 25,975 equity shares through a rights issue. This investment increases Saregama’s stake in Pocket Aces from 51.82% to 53.51%, reinforcing its commitment to strategic growth.
Product and Services:
Saregama operates in multiple entertainment segments, including music production and distribution, owning over 200,000 tracks in various languages. It offers digital products like the Saregama Carvaan, a portable music player with 5,000 classic Hindi songs.
The company also produces films through Yoodlee Films, focusing on unique storytelling and creating television content, including serials and pre-recorded programs for various platforms.
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Recent quarter results and ratios:
Saregama India Limited’s revenue has increased from Rs. 172 crore in Q2 FY24 to Rs. 242 crore in Q2 FY25, which has grown by 40.7 percent. The net profit of Saregama India Limited has dropped by 6.25 percent from Rs. 48 crore in Q2 FY24 to Rs. 45 crore in Q2 FY25.
Saregama India Limited’s revenue and net profit have grown at a CAGR of 8.06 percent and 29.67 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE should be 19.6 percent and 14.2 percent, respectively. The debt-to-equity ratio of the company is to be 0.003x, which shows the company is almost debt-free. Saregama India Limited’s EPS is to be Rs. 9.73.
Shareholding Pattern
In September 2024, Saregama India Limited had a majority stake held by the promoters at 59.38 percent, foreign institutional investors at 17.29 percent, domestic institutional investors at 4 percent, the public at 19.08 percent, and the others at 0.24 percent.
Company Overview:
Saregama India Limited was established on August 13, 1946, and formerly known as the Gramophone Company of India Limited. The company is a prominent player in the Indian entertainment industry, recognized as the oldest music label in India
Written By – Nikhil Naik
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