back to top
HomeSHARE MARKETShare Target Price ₹458; Just Hold 6 Month; 100% More Long Term...

Share Target Price ₹458; Just Hold 6 Month; 100% More Long Term Returns Expected

money
Hot Stocks Alert Join

Stocks to Buy: A strong rally has been seen in the Indian stock markets in 2023. Investors have earned 18 percent or more in the benchmark indexes Sensex as well as Nifty.

In the current market bull run several good stocks are set to take off into 2024. One of these stocks is Saregama (Saregama India) NSE: SAREGAMA.

A top Brokerage firm has advised to buy Saregama India for the next 6-12 months. The brokerage believes that this company in the media and entertainment sector will benefit from the increasing digital music consumption.

Saregama India: Will Touch The Level Of ₹ 445

The brokerage company has suggested to purchase Saregama India. The price target per share is set in the range of Rs. 448. A view of 6-12 months has to be taken in this stock. It is expected to give returns of more than 100% on a long-term basis.

The share price may rise 18-20 percent. This stock did not participate even in the rally of 2023. Investors got negative returns of about 5 percent in a year.

Saregama India: What is the brokerage’s opinion

The brokerage house says that the increasing consumption of digital music is a big trigger. Management has given guidance of license revenue (B2B) growth of 22-25 percent.

The company will be able to boost its profile through the sharing of the latest content available in Hindi and other regional languages. The company is hoping to gain a 30 percent part in the new film content.

In addition, the company is considering the possibility of purchasing an entire stake in regional music businesses, in addition to the minority stake.

With this, the company will achieve the level of a big regional music company in the next few years.

The brokerage says that B2B (licensing) music sales during FY23- 25E are estimated at Rs 692 crore with a CAGR of about 24 percent. Recently the company has acquired Pocket Access Pictures.

This will strengthen the company in content positioning, age group focus, presence, and distribution in the digital space. The brokerage has a positive outlook on Saregama India.

Strong growth momentum is expected from digital monetization. The stock is valued at 34x PE on FY25E EPS, which gives a target of Rs 445.

About Saregama India

Saregama is India’s most storied music label, the youngest film studio, and multi-language television content producer.

At first, HMV is the biggest global producer of sound recordings and Publishing copyrights for Indian music in 14 different languages. It also sells exclusive

music devices under the brand name Saregama Carvaan and produces movies using Yoodlee. It operates in two segments Music and TV, Film and Events.

The Music segment consists of the manufacturing and distribution of storage devices for music including mini caravans, music cards and audio compact discs, and digital discs for versatile use.

The TV Serials, Films, and Events segment is comprised of the production and sale, telecast broadcast of TV Serials, and recorded programs as well as arranging live musical performances and negotiating film rights. 

Fundamental Analysis of Saregama India

Market Cap₹ 7,155 Cr.
Current Price₹ 371
52-wk High₹ 466 
52-wk Low₹ 288
Stock P/E38.2
Book Value₹ 74.3
Dividend0.81 %
ROCE17.6 %
ROE12.8 %
Face Value₹ 1.00
P/B Value4.99
OPM30.7 %
EPS₹ 9.73
Debt₹ 0.40 Cr.
Debt to Equity0.00

Saregama India Shareholding Pattern

Promoters Holding
Sept 202258.49%
Dec 202258.49%
Mar 202358.49%
June 202358.83%
Sept 202359.09%
Hot Stocks Alert Join
FII Holding
Sept 202217.24%
Dec 202217.47%
Mar 202317.70%
June 202317.79%
Sept 202317.12%
DII Holding
Sept 20222.66%
Dec 20222.65%
Mar 20232.43%
June 20232.27%
Sept 20232.38%
Public Holding
Sept 202221.47%
Dec 202221.23%
Mar 202321.13%
June 202320.86%
Sept 202321.15%
Hot Stocks Alert Join
Others Holding
Sept 20220.11%
Dec 20220.15%
Mar 20230.24%
June 20230.24%
Sept 20230.26%

Saregama India Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹545 Cr
2020₹521 Cr
2021₹442 Cr
2022₹576 Cr
2023₹725 Cr

Last 5 Years’ Net Profit:

2019₹54 Cr
2020₹44 Cr
2021₹113 Cr
2022₹153 Cr
2023₹187 Cr
Hot Stocks Alert Join

Last 10 Years’ Profit Growth:

10 Years:35%
5 Years:44%
3 Years:59%
Current Year:4%

Last 10 years’ Return on Equity (ROE):

10 Years:13%
5 Years:15%
3 Years:16%
Last Year:13%

Last 5 Years’ Debt-To-Equity Ratio:

20190.15
20200.02
20210
20220
20230

Conclusion

This article is a complete guide about Saregama India Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential. Hopefully, these informations will help you in your further investment. 

If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.

If you have any further queries, please comment below. We will be happy to answer all your questions. 

If you like this information, share the article with as many people as possible.

Also Read: Big Deal! 400,000 Shares Bought; Brokerage Set Target ₹1,854; Good Opportunity To Invest

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

BEST FOR YOU

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here