Multibagger Alert: This media and entertainment company has given blockbuster returns of 280.97% in a year!

Multibagger Alert: This media and entertainment company has given blockbuster returns of 280.97% in a year!

by 5paisa Research Team Last Updated: 2022-02-24T11:49:45+05:30

The share price of the company stood at Rs 1038.15 on February 24, 2021, and since then, it has increased investor wealth by more than three times.

Saregama India announced plans to invest up to Rs 750 crore in its music business. One of the oldest music label companies in India it has given investors stellar returns of 280.97% over the last year.

Snapshot of Q3FY22 result:

In Q3FY22, revenue grew by 12.27% YoY to Rs 150.34 crore from Rs 133.91 crore in Q3FY21. On a sequential basis, the top-line was up by 3.62%. PBIDT (Ex OI) was reported at Rs 54.37 crore, up by 35.89% as compared to the year-ago period and the corresponding margin was reported at 36.16%, expanding by 628 basis points YoY. PAT was reported at Rs 43.54 crore, up by 37.78% from Rs 31.6 crore in the same quarter for the previous fiscal year. The PAT margin stood at 28.96 per cent in Q3FY22 expanding from 23.6% in Q3FY21.

About the company:

Saregama India Limited, an RP Sanjiv Goenka Group company, is India's oldest music label, youngest film studio and multi-langauge TV content producer. The company is aiming to be a pure-play content company supported by the global consumption boom. Steadily, the company expanded its portfolio to include intellectual property rights of over 4000 hours of TV content produced for channels in Hindi, Tamil, Telugu, Kannada, Malayalam and Bengali.

Over the last few decades, the company forayed into retailing music through physical and digital mediums such as CDs, iOS & Android-based apps and USB based thematic music cards.

Recently, Saregama India announced that 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. The fund is only for the music business. This is not going to be used for the company’s films or Carvaan business. 

At 10:48 am on Thursday, the stock of Saregama India Limited was seen trading at Rs 3,955, down by 2.8% or Rs 113.8 per share. The 52-week high of the scrip is recorded at Rs 5487 and the 52-week low at Rs 982.05 on the BSE. 


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