SaregamaWeekly Candle
RSI above 60 Daily / Weekly
1 Year Breakout
Earning Candler
Press "Boost" button for Support level and expected level
Saregama is the oldest music label company from India (established 1902, erstwhile "Gramophone Company of India" & then "HMV"). The company is aiming to be a pure-play content company supported by the global consumption boom.
Saregama India Limited
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SAREGAMASaregama India Ltd. (CMP ₹516.00, NSE: SAREGAMA)
The SmartWay Research Desk | 22 July 2026
A Kolkata‑based music and entertainment company, incorporated in 1946. Saregama is India’s oldest music label and a diversified content player, operating across music publishing, film production, television serials, and digital platforms. Its flagship product Carvaan has been a major consumer success.
Promoter Holding (Mar 2026): RP‑Sanjoy Goenka Group — 59.18% stake (no pledges)
FY22–FY26 Snapshot
Revenue Growth: FY26 revenue ₹1,842 Cr vs ₹1,612 Cr in FY25 (+14.3% YoY). → Good
Net Profit: FY26 PAT ₹412 Cr vs ₹362 Cr in FY25 (+13.8% YoY). → Good
Operating Margin: FY26 EBITDA ₹612 Cr, margin 33.2% vs 32.5% last year (+70 bps). → Good
Equity Capital: Stable, face value ₹1. → Good
Dividend Policy: Dividend ₹6.00/share declared for FY26. → Good
Asset Building: Investments in digital music rights, OTT content, and Carvaan upgrades. → Good
Sales: Strong demand from Carvaan devices and digital streaming royalties. → Good
Expense: Content acquisition costs remain high. → Neutral/Good
EPS: FY26 EPS ₹14.25 vs ₹12.50 last year (+14.0%). → Good
Institutional Interest & Ownership Trends (Mar 2026)
Promoter Holding: 59.18% (no pledges)
FII Holding: 12.12%
DII Holding: 18.34%
Retail & Others: 10.36%
Strategic Moves & Innovations
Expansion in digital music licensing and OTT partnerships.
Focus on Carvaan upgrades and new product launches.
Partnerships with global streaming platforms for catalog monetization.
Diversification into film and web series production.
Cash Flow & Balance Sheet Strength
Market cap ~₹9,800 Cr.
Debt‑to‑equity ratio ~0.18 (low leverage).
Book value per share ₹82.40; P/B ~6.3.
EPS (TTM) ₹14.25; P/E ~36.2.
Risk Factors
High P/E ratio ~36.2, indicating premium valuations.
Dependence on music catalog monetization and Carvaan sales.
Exposure to competition in OTT and digital content.
Competition from Tips Industries, Zee Entertainment, and Sun TV.
Investor Takeaway
Saregama has delivered steady FY26 performance, supported by music streaming royalties, Carvaan sales, and digital expansion. With strong promoter backing, dividend payouts, and leadership in music IP, Saregama remains a premium play on India’s entertainment and digital content growth story. At CMP ₹516.00, valuations are moderate to expensive (P/E ~36.2, P/B ~6.3), reflecting growth expectations but also sectoral risks.
Cup & Handle in progress after long term downtrendNSE:SAREGAMA is forming Cup & Handle after long term downtrend.
Good fundamental & recent addition by Promoter is a plus. Long term view is bullish.
Good candidate for long term accumulation.
Note : I am sharing my general view. Not a buy sell recommendation.
Coming out of VCP tightness with decent volumesI am posting after a long time but nevertheless, here we go.
#Saregama is looking really nice as it is coming out of this recent tightness after multiple contractions on the daily chart.
When you put the volume, you could see that there is a decent contraction and finally a breakout with good volumes today.
#This is not a recommendation.
I have entered today @555, lets see how that goes.
Breaking out - Cup n Handle formationSaregama
Double Digit ROE and ROCE
PEG Ration ~ 2
Promoter's stake increased
FII stake increased
DII stake increased
Stable EPS
Technical: After a Bull run the stock went into consolidation and now breaking out on Weekly time frame with large volumes.
Note: Only an analysis not a buy/sell recommendation.
SAREGAMANSE:SAREGAMA
WAIT FOR WEEKLY CLOSE OF CANDLE
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
SAREGAMA:NSE ATH+RBC 3Y-8M BO on DTF/WTF/MTF PositionalSAREGAMA Analysis WTF
TRADE PLAN
ENTRY -580-590
SL -550 DTF CLOSE
TARGET -01-817
Hold For a Year or TGT
Chart Pattern :
SAREGAMA has a clear 3Y-8M RBC&H completed
STOCK has recently broken its ATH of 581 forming a 3Y-8M RBC&H on the DTF/WTF/MTF. Pullback to form a Handle completed.
INDICATORS EMA :
The Price is Currently Trading above 20EMA, and 20EM crossed above 50EMA in DTF in Last Week of Sept. STOCK EMAs are currently aligned in a ascending order 200 to 20 indicating a bullish Trend on DTF/WTF/MTF.
FIBO E :
After the Bounce-back from 50% FIBO/R Level, Price is currently trading near the 50% FIBO/E level of 597 on DTF Impulse uptrend with Bullish ChoCH at 550 on DTF
Volumes: There is a uptrend in Volume on the Weekly Charts for3 Weeks after the BO & Retest..
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk apetite (Exit when price closes 7to8% below your Entry).
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
SWING/POSITIONAL Trade
SAREGAMA1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge. No other thoughts
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
#saregama multi year breakoutcrossed 550 price. can be looked for 20% to 40% upmove
**Disclaimer:** I, Pankaj Karanwal, am not a SEBI registered advisor. The trading ideas and financial information shared by me are purely for educational purposes and should not be taken as investment advice. The accuracy, completeness, and validity of any information on these trades are not guaranteed. All information is provided on an as-is basis. Please do your own research before making any investment decisions. Past performance does not guarantee future results.
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I hope this meets your needs! 😊
SAREGAMA INDIA have Broken and Sustained at Retrestment LevelCompany is almost debt free.
Company has delivered good profit growth of 29.6% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 36.0%
Company’s Operating Revenue for Q4 FY24 stood at Rs 2,631 Mn growing at 29% both on YoY as
well as QoQ basis, with a strong adjusted EBITDA of Rs.864 Mn registering a YoY growth of 40%.
Company delivered a PBT of Rs 760 Mn with a 31% YOY growth.
Company’s Revenue from operations for FY24 stood at Rs 8,030 Mn with a strong adjusted EBITDA
of Rs. 3,029 Mn with a margin of 38%.
Company delivered a PBT of Rs 2,708 Mn with a 34% Margin
and PAT of Rs 1,976 Mn for FY24
Key Operational Highlights:
➢ The company’s strong performance is led by growth in music licensing on account of strong
advertisement revenues driven by its investment in new music and the revenues generated
through the artist management vertical
➢ This quarter saw music release of A.R.Rahman and Diljit Dosanjh’s Chamkila, Ajay Devgn’s
Maidaan, Ram Charan and Kiara Advani’s Game Changer, Yami Gautam’s “Article 370”,
Mohanlal’s Malaikottai Valliban, Diljit Dosanjh single Love Ya, multiple songs by Bhojpuri star
Neelkamal, Pawan Singh and Gujrati’s No.1 singer Rakesh Barot.
➢ During the Quarter, Company released 290 plus Originals and Premium Recreations
across Hindi, Bhojpuri, Gujarati, Punjabi, Tamil, Telugu, Malayalam, Marathi and
Bengali languages. Company also released 2,000 plus derivatives (LoFi, Trap Mix,
Cover, Acoustic etc.) which is driving the popularity and growth of its catalogue.
➢ The other highlight of the quarter was the use of our songs for Shahid Kapoor and Kriti Sanon
starrer 'Teri Baaton Mein Aisa Ulhja Jiya' (Hindi), for Mahesh Babu’s 'Guntur Karam’(Telugu),
for Dulquer Salmaan’s'King of Kotha’ (Malayalam) etc. and by brands like HUL Lux, Meesho,
Junglee Rummy, Andrex etc. in their ad films.
➢ Riding on the success of its Tamil Serial “Ilakkiya”, Company started its Malayalam remake
“Mangalyam Thanthunanena” on Surya Tv. We released “Crushed Season 4” series from Dice
of Pocket Aces on Amazon mini-TV.
➢ In Q4FY24 Yoodlee released Mohanlal starrer “Malaikottai Vaaliban” , Tovino Thomas starrer
“Anweshippin” in Malayalam and Gippy Grewal “Warning 2” in Punjabi.
➢ Digital footprint across Saregama owned and controlled channels touched 239Mn followers
and subscribers across YouTube, Instagram and Facebook.
SAREGAMA INDIA LTD have Broken its Long Retrestment LevelCompany is almost debt free.
Company has delivered good profit growth of 29.6% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 36.0%
Company’s Operating Revenue for Q4 FY24 stood at Rs 2,631 Mn growing at 29% both on YoY as well as QoQ basis, with a strong adjusted EBITDA of Rs.864 Mn registering a YoY growth of 40%.
Company delivered a PBT of Rs 760 Mn with a 31% YOY growth.
Company’s Revenue from operations for FY24 stood at Rs 8,030 Mn with a strong adjusted EBITDA
of Rs. 3,029 Mn with a margin of 38%.
Company delivered a PBT of Rs 2,708 Mn with a 34% Margin
and PAT of Rs 1,976 Mn for FY24
Key Operational Highlights:
➢ The company’s strong performance is led by growth in music licensing on account of strong
advertisement revenues driven by its investment in new music and the revenues generated
through the artist management vertical
➢ This quarter saw music release of A.R.Rahman and Diljit Dosanjh’s Chamkila, Ajay Devgn’s
Maidaan, Ram Charan and Kiara Advani’s Game Changer, Yami Gautam’s “Article 370”,
Mohanlal’s Malaikottai Valliban, Diljit Dosanjh single Love Ya, multiple songs by Bhojpuri star
Neelkamal, Pawan Singh and Gujrati’s No.1 singer Rakesh Barot.
➢ During the Quarter, Company released 290 plus Originals and Premium Recreations
across Hindi, Bhojpuri, Gujarati, Punjabi, Tamil, Telugu, Malayalam, Marathi and
Bengali languages. Company also released 2,000 plus derivatives (LoFi, Trap Mix,
Cover, Acoustic etc.) which is driving the popularity and growth of its catalogue.
➢ The other highlight of the quarter was the use of our songs for Shahid Kapoor and Kriti Sanon
starrer 'Teri Baaton Mein Aisa Ulhja Jiya' (Hindi), for Mahesh Babu’s 'Guntur Karam’(Telugu),
for Dulquer Salmaan’s'King of Kotha’ (Malayalam) etc. and by brands like HUL Lux, Meesho,
Junglee Rummy, Andrex etc. in their ad films.
➢ Riding on the success of its Tamil Serial “Ilakkiya”, Company started its Malayalam remake
“Mangalyam Thanthunanena” on Surya Tv. We released “Crushed Season 4” series from Dice
of Pocket Aces on Amazon mini-TV.
➢ In Q4FY24 Yoodlee released Mohanlal starrer “Malaikottai Vaaliban” , Tovino Thomas starrer
“Anweshippin” in Malayalam and Gippy Grewal “Warning 2” in Punjabi.
➢ Digital footprint across Saregama owned and controlled channels touched 239Mn followers
and subscribers across YouTube, Instagram and Facebook.
SAREGAMA India Ltd must keep in your WatchlistStock Analysis
This is a weekly chart of SAREGAMA India Ltd.
After a significant rally from the COVID-19 crash to December 2021, the stock has been relatively stagnant.
There is huge volume activity today, suggesting potential movement.
Trading Strategy
Watchlist Addition: Keep this stock on your watchlist.
Entry Point: Enter only after a breakout above the 570 level.
Potential Rally: If it breaks out, the stock can potentially rally between 200% to 500%.
Look for unique opportunities and aim for a big rally. Stay vigilant and ready to act!






















