Risk factor
Resilient to price shocks
Profitability factor
Strong margins and returns
About
Operating both domestically in India and across international markets, Saregama India Limited is a prominent player in the sound recording and publishing industry. Its diverse operations are structured into three distinct divisions: Music, Films/Television Series, and Publication. The Music division is responsible for both the production and distribution of various music carriers, including Carvaan, Carvaan Mini, music cards, audio compact discs, and digital versatile discs, along with managing the associated music intellectual property rights. Through its Films/Television Series segment, the company develops, markets, airs, and licenses feature films, television series, and other pre-recorded content, in addition to handling film rights. The Publication division issues 'OPEN,' a weekly magazine dedicated to current events. Established in 1901, its principal offices are located in Mumbai, India. It was previously known as Gramophone Company of India Ltd. Saregama India Limited operates as a subsidiary under Composure Services Private Limited.
Company Valuation
From both historical and forecast perspectives, the stock is considerably overpriced compared to similar stocks. Specifically, the stock is 'expensive' on P/E, overvalued
Target Price
The average target price of SAREGAMA.NS is 464 and suggests 12.1% downside potential. Usually, this means a SELL recommendation among investment firms, or a recommendatio