Saregama India Share Price Target 2027: Rs 662 Base, Rs 806 Bull and the Risks to Watch

Investors weighing a Saregama India target price for 2027 should start with where the stock sits today. At Rs 634.40 on 11 November 2026, it is 5.5% below its 52-week high of Rs 671.00 and 106.6% above its 52-week low of Rs 307.05. That range spans 119% from low to high, so the entry point matters as much as the Saregama India price forecast itself.

This article builds the Saregama India share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.

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Saregama India Stock Analysis: Company Overview and Key Stats

Saregama India (NSE: SAREGAMA) has a market capitalisation of Rs 12,483 crore. In FY26 it reported revenue of Rs 1,027 crore and net profit of Rs 206.22 crore. The table collects the figures the Saregama India share price target is built on.

Metric	Value
Company	Saregama India
NSE Ticker	SAREGAMA
CMP (11 November 2026)	Rs 634.40
52-Week High	Rs 671.00
52-Week Low	Rs 307.05
Market Cap	Rs 12,483 crore
PE Ratio (TTM)	51.71
Industry PE	25.14
Price to Book	7.30
Return on Equity	13.34%
Debt to Equity	0.01
EPS (TTM)	Rs 12.52
Dividend Yield	0.70%
12-Month Base Target	Rs 662
Bull Case	Rs 806
Downside Risk Level (not a target)	Rs 518

Why Is Saregama India Share Price Target Set at Rs 662 for 2027?

The arithmetic is short. Trailing EPS of Rs 12.52 grown for one year gives a forward EPS estimate of Rs 12.80, and multiplying it by the unchanged PE of 51.71 gives the Rs 662 base-case Saregama India stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Saregama India Target Price: Five Years of Results

Saregama India grew revenue from Rs 611.02 crore in FY22 to Rs 1,027 crore in FY26, a compound annual growth rate of 13.9%. Net profit grew more slowly, from Rs 164.40 crore to Rs 206.22 crore (5.8% a year), which points to margin pressure alongside the sales growth.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	611.02	164.40	8.42	3.00
FY23	790.25	185.05	9.63	3.00
FY24	866.66	197.56	10.27	4.00
FY25	1,229.43	204.24	10.61	4.50
FY26	1,026.88	206.22	10.73	4.50

FY26 revenue growth was -16.5%, slower than the four-year average of 13.9%, and net profit moved up 1.0%. EPS rose from Rs 10.27 in FY24 to Rs 10.73 in FY26. The FY27 outlook for the Saregama India price target depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Saregama India converted 20.1% of FY26 revenue into net profit, against 16.6% in FY25, within a five-year range of 16.6% to 26.9%. EBITDA margin was 36.1% in FY26 versus 27.7% in FY25.

In the September 2026 quarter, revenue was Rs 319.47 crore, up 32.3% from the same quarter a year earlier, while net profit of Rs 64.17 crore was up 46.4%. EBITDA came in at Rs 107.14 crore, up 33.5% year on year. The next quarterly result is the first test of whether the earnings assumption behind the Saregama India stock target holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.01, and shareholders' equity grew from Rs 1,381 crore in FY22 to Rs 1,695 crore in FY26. Operating cash flow in FY26 was Rs 100.01 crore against capital expenditure of Rs 213.97 crore, leaving negative free cash flow of Rs 113.96 crore. In FY25 free cash flow was Rs 169.54 crore, so cash generation has not been steady year to year.

Valuation Check for the Saregama India Stock Target: PE, Price to Book and ROE

At a PE of 51.71 against an industry PE of 25.14, Saregama India trades at a premium to its industry. Price to book is 7.30 on a book value of Rs 88.68 per share, and return on equity is 13.34%. A PE of 51.71 equals an earnings yield of 1.9%, and the FY26 dividend of Rs 4.50 per share gives a yield of 0.70%.

Shareholding Pattern and Institutional Holding

Promoters held 60.84% of Saregama India in September 2026, and promoter holding rose from 59.65% in September 2025 to 60.84% in September 2026. Foreign institutional investors (FII) held 11.88% and domestic institutions (DII) held 9.36%, which puts total institutional holding at 21.24%. FII holding fell from 16.82% in September 2025 to 11.88% in September 2026. Public shareholders own the remaining 17.93%. A meaningful institutional holding adds a layer of research coverage and trading depth.

Saregama India Share Price Targets for the Short Term and 12 Months

Short Term Saregama India Stock Target Levels: Technical Setup

At Rs 634.40 on 11 November 2026, Saregama India trades above its 50-day simple moving average of Rs 517.85 and above its 200-day exponential moving average of Rs 472.37. The 14-day RSI reads 76.4, which is overbought territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 671.00 (52-week high) and the nearest support is Rs 517.85 (50-day simple moving average). A sustained move above Rs 671.00 would improve the short-term setup, while a close below Rs 517.85 would shift attention to the next support.

12 Month Saregama India Target Price for 2027

The 12-month target of Rs 662 means a move of 4.4% up from Rs 634.40 over the next 12 months. It would still leave the stock 1.3% below its 52-week high of Rs 671.00. The upside in the base case is thin, so the thesis here leans on the bull case and on patience. Anyone checking the Saregama India share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.

How EPS Growth and PE Multiple Change the Saregama India Target Price

EPS Growth	PE 41.37	PE 51.71	PE 59.47
0.0% (EPS Rs 12.52)	Rs 518	Rs 647	Rs 745
2.2% (EPS Rs 12.80)	Rs 530	Rs 662	Rs 761
8.2% (EPS Rs 13.55)	Rs 561	Rs 701	Rs 806

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Saregama India price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Saregama India Stock Target in 2027

Bull Case Rs 806

The bull case Saregama India price target needs EPS growth of 8.2%, which lifts forward EPS to Rs 13.55, and a PE multiple that rises 15% to 59.47. That gives Rs 806, 27.0% above the current price and above the 52-week high of Rs 671.00, so the stock would have to set a fresh 52-week high.

Downside Risk Level Rs 518

The downside risk level is not a target. It assumes EPS stays flat at Rs 12.52 and the PE falls 20% to 41.37. That gives Rs 518, 18.3% below the current price and above the 52-week low of Rs 307.05.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	8.2%	59.47	Rs 806	+27.0%
Base Case	2.2%	51.71	Rs 662	+4.4%
Downside Risk	0.0%	41.37	Rs 518	-18.3%

Key Risks to the Saregama India Target Price for 2027

Growth Slowdown Risk for the Saregama India Price Target

Revenue in the September 2026 quarter was up 32.3% year on year, and FY26 revenue growth was -16.5%. If growth slows from here, the EPS estimate behind the Saregama India stock target will need revising.

Liquidity and Size Risk

Saregama India has a market capitalisation of Rs 12,483 crore. Institutional holding is 21.24%, and promoters hold 60.84%. Stocks of this size are usually liquid, though exits can take longer than entries when the market is falling.

Valuation and Margin Risk

Net margin was 20.1% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 51.71 versus an industry PE of 25.14, a de-rating toward the downside-risk PE of 41.37 would cut the price even if earnings hold.

Market and Technical Risk

Technical indicators add short-term risk: the 14-day RSI is 76.4 and the MACD sits above its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time.

How to Invest in Saregama India

Start with the live price and volume. Any Saregama India share price target is only as current as the data behind it, and the data here is as of 11 November 2026, so refresh the Rs 634.40 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Saregama India's PE, ROE, debt and shareholding in one place.

Check Saregama India fundamentals on the Univest Screener

Then compare the three Saregama India target price scenarios with your own view. If you expect EPS growth below 2.2%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Saregama India live price and get daily stock recommendations.

Conclusion

The Saregama India share price target for 2027 is Rs 662 in the base case, with Rs 806 as the bull case. The support for that view is arithmetic you can check: EPS grew 2.2% a year over FY24 to FY26, and the stock trades at a PE of 51.71. The risks are equally concrete, including a PE of 51.71 that sits above the industry PE of 25.14 and a downside scenario that cuts the price 18% if earnings stall. Use these numbers as a framework for judging the Saregama India price target, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Saregama India Share Price Target 2027

What is the Saregama India share price target for 2027?

Ans. The base-case Saregama India share price target for 2027 is Rs 662, which is 4.4% above the price of Rs 634.40 on 11 November 2026. The bull case is Rs 806 and the downside risk level, which is not a target, is Rs 518. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.

What is the Saregama India share price today?

Ans. As of 11 November 2026, 9:53 AM IST, Saregama India (NSE: SAREGAMA) trades at Rs 634.40, down 2.07% on the day. That is 5.5% below the 52-week high of Rs 671.00 and 106.6% above the 52-week low of Rs 307.05. The market capitalisation of Rs 12,483 crore places it among mid-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.

Is Saregama India a buy or sell at the current price?

Ans. The data points both ways. On the positive side, EPS has grown 2.2% a year over FY24 to FY26 and the base case implies 4.4% upside; on the cautious side, the PE of 51.71 sits above the industry PE of 25.14, and the downside risk level of Rs 518 is 18% below the current price. Whether Saregama India fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.

What are the bull case target and downside risk level for Saregama India shares?

Ans. The bull case in the Saregama India share price target for 2027 is Rs 806, which assumes 8.2% EPS growth and a PE of 59.47, a 15% re-rating from today's multiple. That is 27.0% above the current price and above the 52-week high of Rs 671.00, so the stock would have to set a fresh 52-week high. The downside risk level is Rs 518, which assumes flat EPS and a PE of 41.37, 20% lower than today. It sits 18.3% below the current price and above the 52-week low of Rs 307.05, and it marks a risk to watch, not a target.

What are the main risks to the Saregama India price target?

Ans. Four risks matter most for the Saregama India share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. With a market capitalisation of Rs 12,483 crore, the stock is usually liquid, though exits can take longer than entries in a falling market. A fall to the downside-risk PE of 41.37 would cut the price even if earnings hold.

What is the PE ratio of Saregama India and how does it compare with the industry?

Ans. The PE ratio of Saregama India is 51.71, against an industry PE of 25.14, which is a premium to the industry. Price to book is 7.30 and return on equity is 13.34%, and the PE equals an earnings yield of 1.9%. The base case holds the PE unchanged, so the Saregama India share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.

Who owns Saregama India, and what is the promoter holding?

Ans. Promoters held 60.84% of Saregama India in September 2026. FII held 11.88%, DII held 9.36% and the public held 17.93%. Together the two institutional groups hold 21.24%. Shareholding is filed every quarter, so it is worth rechecking after each result.

What were Saregama India's latest quarterly results?

Ans. In the September 2026 quarter, Saregama India reported revenue of Rs 319.47 crore (up 32.3% year on year) and net profit of Rs 64.17 crore (up 46.4%). For comparison, FY26 full-year revenue growth was -16.5% and net profit moved up 1.0%. Each new quarter either supports or weakens the EPS growth of 2.2% assumed in the base case.