Investors in this retail entertainment company have reaped multibagger returns in the last two years!

Investors in this retail entertainment company have reaped multibagger returns in the last two years!

by 5paisa Research Team Last Updated: Dec 13, 2022 - 06:07 pm 27.9k Views
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This company’s share price has appreciated by almost 15 times in the last two years compared to the S&P BSE 500 index, which appreciated by 1.86 times.

Saregama India Ltd, an S&P BSE 500 company, has made it to the list of multibagger companies, becoming investors' favourite. During the last two years, the company’s share price has appreciated by 1479%. In this period, the company’s share price has gone from Rs 26.45 on 15 May 2020 to Rs 417.55 on 18 May 2022. An investment of Rs 1 lakh in this stock two years ago would have turned to Rs 14.79 lakh today.

Saregama India which was earlier known as The Gramophone Company Of India Ltd is India's oldest music label owned by the RP- Sanjiv Goenka Group of companies. Apart from music, Saregama also produces films under the brand name Yoodlee Films and multi-language television content. Saregama also retails a music-based hardware platform called Carvaan. The company is planning to invest up to Rs 750 crore in its music business to achieve a 25-30% revenue growth in the next few years through organic and inorganic routes.

Saregama India is fast transitioning from a retro music catalogue company to an aggressive content creator across music, films and television. Its 3-year-old film production arm, Yoodlee Films, which focuses on digital releases has licensed 10 films to Netflix and three to Hotstar as originals.

For the latest quarter, the company’s net sales jumped 46% on yearly basis and 20% sequentially to the highest quarterly revenue of Rs 180.24 crore. Film & TV segment drove growth, with a record segment revenue of Rs 52.5 crore. A significant increase in operational costs eroded fourth-quarter margins, sequentially, but remained slightly better over Q4FY21. It reported a 29.04% increase in its consolidated net profit to Rs 47.98 crore for the fourth quarter ended March. It had posted a net profit of Rs 37.18 crore in the year-ago period.

The shares of Saregama India closed at Rs 419.85, a decrease of 0.18% from the previous day’s closing price on BSE. The stock has a 52-week high and low of Rs 550.59 and Rs 230.68, respectively on BSE.

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