Saregama India, incorporated in the year 1946, is a Small Cap company (having a market cap of Rs 6190.15 Crore) operating in Media & Entertainment sector.
Saregama India key Products/Revenue Segments include Licence Fees, Films/TV Serials, Media Products and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 200.61 Crore, up .03 % from last quarter Total Income of Rs 200.54 Crore and up 26.60 % from last year same quarter Total Income of Rs 158.46 Crore. Company has reported net profit after tax of Rs 52.28 Crore in latest quarter.
The company’s top management includes Dr.Sanjiv Goenka, Mr.Vikram Mehra, Mrs.Preeti Goenka, Mrs.Avarna Jain, Ms.Suhana Murshed, Mr.Santanu Bhattacharya, Mr.Arindam Sarkar, Mr.Noshir Naval Framjee, Mr.Umang Kanoria. Company has BSR & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 19 Crore shares outstanding.
Investment Rationale
Despite challenging macros, the brokerage expects Saregama to maintain its revenue growth guidance of 23-25% CAGR in the music licensing business in FY24, due to the built-up of a very strong new content release pipeline (partly aided by spill over of few launches from FY23).
Promoter/FII Holdings
Promoters held 58.49 per cent stake in the company as of 31-Dec-2022, while FIIs owned 17.47 per cent, DIIs 2.65 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Source link