Saregama India Limited

NSEI:SAREGAMA Stock Report

Market Cap: ₹95.1b

Saregama India Valuation

Is SAREGAMA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SAREGAMA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SAREGAMA (₹495.8) is trading above our estimate of fair value (₹52.59)

Significantly Below Fair Value: SAREGAMA is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for SAREGAMA?

Key metric: As SAREGAMA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SAREGAMA. This is calculated by dividing SAREGAMA's market cap by their current earnings.
What is SAREGAMA's PE Ratio?
PE Ratio50.6x
Earnings₹1.88b
Market Cap₹95.13b

Price to Earnings Ratio vs Peers

How does SAREGAMA's PE Ratio compare to its peers?

The above table shows the PE ratio for SAREGAMA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average52.2x
TIPSMUSIC Tips Music
74.4x23.6%₹113.2b
539469 Panorama Studios International
41.2xn/a₹16.7b
532011 Vashu Bhagnani Industries
70.3xn/a₹8.5b
BASILIC Basilic Fly Studio
23xn/a₹6.7b
SAREGAMA Saregama India
50.6x23.5%₹95.1b

Price-To-Earnings vs Peers: SAREGAMA is good value based on its Price-To-Earnings Ratio (50.6x) compared to the peer average (52.2x).


Price to Earnings Ratio vs Industry

How does SAREGAMA's PE Ratio compare vs other companies in the IN Entertainment Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
530281 Quantum Digital Vision (India)
2.1xn/aUS$848.12k
No more companies available in this PE range
SAREGAMA 50.6xIndustry Avg. 37.5xNo. of Companies5PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SAREGAMA is expensive based on its Price-To-Earnings Ratio (50.6x) compared to the Indian Entertainment industry average (37.5x).


Price to Earnings Ratio vs Fair Ratio

What is SAREGAMA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SAREGAMA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio50.6x
Fair PE Ratio33.5x

Price-To-Earnings vs Fair Ratio: SAREGAMA is expensive based on its Price-To-Earnings Ratio (50.6x) compared to the estimated Fair Price-To-Earnings Ratio (33.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SAREGAMA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹495.80
₹588.67
+18.7%
8.0%₹640.00₹497.00n/a6
Nov ’25₹533.30
₹588.67
+10.4%
8.0%₹640.00₹497.00n/a6
Oct ’25₹674.55
₹579.40
-14.1%
8.1%₹640.00₹497.00n/a5
Sep ’25₹508.45
₹579.40
+14.0%
8.1%₹640.00₹497.00n/a5
Aug ’25₹536.90
₹547.67
+2.0%
0.6%₹550.00₹543.00n/a3
Jul ’25₹554.00
₹522.00
-5.8%
8.5%₹550.00₹445.00n/a4
Jun ’25₹502.65
₹522.00
+3.8%
8.5%₹550.00₹445.00n/a4
May ’25₹430.70
₹450.25
+4.5%
2.0%₹465.00₹441.00n/a4
Apr ’25₹359.40
₹450.25
+25.3%
2.0%₹465.00₹441.00n/a4
Mar ’25₹404.50
₹453.33
+12.1%
1.9%₹465.00₹445.00n/a3
Feb ’25₹354.65
₹453.33
+27.8%
1.9%₹465.00₹445.00n/a3
Jan ’25₹369.75
₹453.33
+22.6%
1.9%₹465.00₹445.00n/a3
Jun ’24₹315.20
₹455.00
+44.4%
1.1%₹460.00₹450.00₹502.652
May ’24₹330.10
₹455.00
+37.8%
1.1%₹460.00₹450.00₹430.702
Apr ’24₹331.15
₹455.00
+37.4%
1.1%₹460.00₹450.00₹359.402
Mar ’24₹332.05
₹455.00
+37.0%
1.1%₹460.00₹450.00₹404.502
Feb ’24₹340.55
₹455.00
+33.6%
1.1%₹460.00₹450.00₹354.652
Jan ’24₹385.40
₹455.00
+18.1%
1.1%₹460.00₹450.00₹369.752
Dec ’23₹381.25
₹455.00
+19.3%
1.1%₹460.00₹450.00₹373.152
Nov ’23₹389.55
₹457.50
+17.4%
1.6%₹465.00₹450.00₹321.302

Analyst Forecast: Target price is less than 20% higher than the current share price.


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