Saregama India Ltd Share Price – NSE /  BSE

Entertainment, Small Cap

Saregama India Ltd gained for a third straight session today. The stock is quoting at Rs 579.9, up 1.3% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.51% on the day, quoting at 23736.95. The Sensex is at 78243.17, up 0.36%. Saregama India Ltd has gained around 14.53% in last one month.

Meanwhile, Nifty Media index of which Saregama India Ltd is a constituent, has gained around 10.73% in last one month and is currently quoting at 1811.35, up 0.3% on the day. The volume in the stock stood at 23.54 lakh shares today, compared to the daily average of 15.69 lakh shares in last one month.

The PE of the stock is 56 based on TTM earnings ending September 24.

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Saregama India Ltd gained for a fifth straight session today. The stock is quoting at Rs 498.7, up 0.58% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 1.01% on the day, quoting at 24030.45. The Sensex is at 79346.41, down 1.11%. Saregama India Ltd has slipped around 0.3% in last one month.

Meanwhile, Nifty Media index of which Saregama India Ltd is a constituent, has slipped around 1.64% in last one month and is currently quoting at 1962.1, up 0.37% on the day. The volume in the stock stood at 3.37 lakh shares today, compared to the daily average of 8.01 lakh shares in last one month.

The PE of the stock is 48.53 based on TTM earnings ending September 24.

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Pocket Aces Pictures is a Youthfocussed digital content creator and publisher, boasts of an IP catalogue of over 3000 content pieces ranging across web series, sketches, music videos and reels on its channels FilterCopy, Nutshell and Gobble, and releases over 30 new pieces of content every day.

Pocket Aces, being a material subsidiary of the company is a related party of the company. Thus, the investment in Pocket Aces is in the nature of related party transactions and is on an arm’s length basis.

Acquiring Pocket Aces will add on a whole new dimension of IP and a distribution network of over 95 million followers, which Saregama will leverage to further popularize its music library among the 18-35 audience segment. It will also create synergies across the artiste & influencer management and long-format video creation businesses of the two companies.

The company has invested Rs 15 crore via subscription to the right issue of 25,975 equity shares of Rs 10 each as offered by Pocket Aces Pictures. Post-acquisition, shareholding in Pocket Aces has increased to 53.51% from 51.82%.

Saregama India is a RPSG group company owning the largest music archives in India and one of the biggest in the world. The ownership of nearly 50 per cent of all the music ever recorded in India also makes Saregama the most authoritative repository of the country’s musical heritage. Saregama has also expanded into other branches of entertainment - film & series production, live events, and music-based consumer products.

The company’s consolidated net profit decreased 6.65% to Rs 44.90 crore in Q2 FY25 as against Rs 48.10 crore posted in Q2 FY24. revenue from operations surged 40.31% YoY to Rs 241.83 crore during the quarter.

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Saregama India announced that Kumar Ajit, Executive Vice President, Music & Retail of the Company, designated as Senior Management Personnel (SMP) has tendered his resignation with effect from 4th November, 2024 from the said post due to the reasons mentioned in the letter of resignation.

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