Is Saregama India the Best Stock in Its Sector? A Look at the Numbers

Saregama India CMP Rs 490 (16 Sep 2026). Market cap Rs 9,324 Cr. ROE 12.23%. P/E 42.16x versus Industry P/E 22.89x.

Updated: 16 Sept 2026 • 1:28 pm

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Is Saregama India the Best Stock in Its Sector? A Look at the Numbers

Quick Answer

Saregama India is one of the names investors compare when screening the Media & Entertainment sector, built on a 12.23% return on equity and a P/E of 42.16x against an Industry P/E of 22.89x. Saregama India Ltd owns one of India's largest music catalogues and produces films and digital content, monetising its library through streaming, licensing and its Carvaan music player brand. Whether Saregama India is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Media & Entertainment sector peers, so you can judge that for yourself.

Is Saregama India the best stock in its sector? The stock trades on the NSE at Rs 490 as of 16 September 2026, within its 52-week range of Rs 307.05 to Rs 574.50. Saregama India Ltd owns one of India's largest music catalogues and produces films and digital content, monetising its library through streaming, licensing and its Carvaan music player brand.

Saregama India sits in the Media & Entertainment sector, and its 12.23% ROE and 42.16x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector's Industry P/E benchmark.

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Table of Contents

About Saregama India

Saregama India Ltd owns one of India's largest music catalogues and produces films and digital content, monetising its library through streaming, licensing and its Carvaan music player brand. At a market capitalisation of Rs 9,324 Cr, it is tracked as part of the Media & Entertainment sector on Univest.

Is Saregama India the Best Stock in Its Sector?

Saregama India makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 12.23% ROE with a 42.16x P/E against the sector's 22.89x Industry P/E. Saregama India's 42.16x P/E is well above the 22.89x Industry P/E and above Zee Entertainment and PVR Inox in this comparison, a premium the market has assigned to its owned-catalogue licensing model over ad or box-office dependent media businesses.

Metric	Saregama India
CMP (NSE)	Rs 490.00
52-Week High / Low	Rs 574.50 / Rs 307.05
Market Cap	Rs 9,324 Cr
P/E (TTM) vs Industry P/E	42.16x vs 22.89x
P/B	5.90
ROE	12.23%
EPS (TTM)	Rs 11.47
Dividend Yield	0.93%
Debt to Equity	0.04

Compare Saregama India Against Other Media & Entertainment Sector Stocks

How Saregama India Compares Against Its Media & Entertainment Sector Peers

The table below sets Saregama India against 2 other Media & Entertainment sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
Saregama India	9,324	42.16	12.23%	0.04
Zee Entertainment Enterprises	7,434	36.86	2.31%	0.02
PVR Inox	11,987	27.01	3.21%	0.92
Peer average (2 companies)	-	31.94	2.76%	0.47

Against this peer set, Saregama India's 12.23% ROE is above the 2.76% peer average, and its P/E of 42.16x runs above the peer average of 31.94x. Saregama India's 42.16x P/E is well above the 22.89x Industry P/E and above Zee Entertainment and PVR Inox in this comparison, a premium the market has assigned to its owned-catalogue licensing model over ad or box-office dependent media businesses.

What Makes Saregama India Worth Watching in Media & Entertainment

Low leverage: A debt to equity ratio of 0.04 is low for a media company investing in content production.
Large owned music catalogue: Owning one of India's largest music libraries gives Saregama a royalty-generating asset base that newer content producers do not have.
Premium to Industry P/E: A 42.16x P/E against a 22.89x Industry P/E reflects a premium for its owned-content, high-margin licensing model over ad-dependent media peers.

Saregama India Valuation: Is It Justified?

Saregama India's 42.16x P/E is well above the 22.89x Industry P/E and above Zee Entertainment and PVR Inox in this comparison, a premium the market has assigned to its owned-catalogue licensing model over ad or box-office dependent media businesses. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.

Also read – Is Bata India the Best Stock in Its Sector? A Look at the Numbers

Download the Univest iOS App or Univest Android App to track Saregama India and other Media & Entertainment sector stocks.

How to Track Saregama India Before You Invest

Before deciding whether Saregama India deserves its label as the best stock in its sector for your own portfolio, compare it directly against Media & Entertainment sector peers using the steps below.

Open the Univest Screener and search for Saregama India to view live price, valuation ratios, and peer comparisons within the Media & Entertainment sector.
Compare its P/E, P/B, and ROE against other Media & Entertainment sector stocks before deciding if the current valuation fits your strategy.
Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

Saregama India earns a place in the best stock in its sector conversation on the strength of a 12.23% ROE and a P/E of 42.16x against a 22.89x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Is Saregama India the best stock in its sector?

Ans. Saregama India has a 12.23% ROE and trades at 42.16x P/E against a 22.89x Industry P/E, and compares above the peer average ROE of 2.76% in this article's named comparison, so the answer depends on what an investor is prioritising.

What is the current share price of Saregama India?

Ans. Saregama India was trading at Rs 490.00 on the NSE as of 16 September 2026, within its 52-week range of Rs 307.05 to Rs 574.50.

What sector does Saregama India belong to?

Ans. Saregama India is classified under the Media & Entertainment sector on Univest.

How does Saregama India compare to its sector peers on P/E?

Ans. Saregama India's P/E of 42.16x is above the 31.94x average of the 2 named peers compared in this article.

What is Saregama India's return on equity?

Ans. Saregama India reported a return on equity of 12.23%, which is above the 2.76% average of its named peers in this comparison.

Should I invest in Saregama India based on its sector position?

Ans. Saregama India's sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.