Produces TV serials on commission for broadcasters, web series for OTT platforms, and Hindi films for theatrical release. In FY26, commissioned TV programs made up roughly 76% of revenue, with digital contributing 16.65% and films 7.13%. The TV arm produces shows like Kyunki Saas Bhi Kabhi Bahu Thi 2 and Naagin 7 for broadcast partners, while the digital business builds content for OTT platforms such as Netflix and Amazon on a B2B basis. The films segment carries a 17-movie pipeline over three years, with four releases planned for FY27, of which Bhooth Bangla grossed over ₹240 crores worldwide. The company is also building consumer-facing digital verticals — the Kutingg OTT platform, Balaji Studios content, the AstroGuide astrology app, and the Hoonur talent management business. Production and content costs were ₹265.5 crores in FY26 (125.9% of revenue), which is why the year closed with an EBITDA loss of ₹65.8 crores. Subsidiaries ALT Digital and Marinating Films were merged into the parent effective April 1, 2025, delivering ₹117 crores of GST input credit. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Commissioned TV Programs (76%), Digital (17%), Films (7%). Asset-light, project-based content production across TV, OTT, and films, with consumer digital extensions.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 337 | 593 | 625 | 453 | 211 |
| EBITDA (ex other income) | (122) | (19) | 46 | (14) | (66) |
| margin % | (36.1) | (3.2) | 7.4 | (3.0) | (31.2) |
| Owners' profit | (132) | (37) | 20 | 87 | (49) |
| EPS, as reported (₹) | (13.09) | (3.67) | 1.96 | 8.61 | (4.09) |
| ROE % · ROCE % | (29.9) · (29.0) | (9.3) · (3.9) | 4.5 · 10.1 | 12.9 · (1.0) | (8.0) · (9.9) |
| Debt / equity (x) | 0.10 | 0.25 | 0.18 | 0.01 | 0.02 |
| Cash from operations | (120) | (47) | 66 | 52 | (73) |
| Capex | (3) | (5) | (7) | (4) | (3) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 144 | 93 | 66 | 73 | 49 | 42 | 48 | 240 |
| Profit before tax | 11 | (12) | (11) | (8) | (7) | (32) | (18) | 28 |
| Net profit | 5 | (12) | 94 | (6) | (5) | (25) | (14) | 22 |
| EPS (₹) | 0.56 | (1.16) | 9.07 | (0.48) | (0.40) | (2.04) | (1.17) | 1.84 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Commissioned Programs | 87 | 39.8 |
| Films | 15 | 7.1 |
| Digital | 53 | 24.4 |
| Commission Programs | 63 | 28.7 |
| Total, before eliminations | 219 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAREGAMA INDIA LIMITED | 9,738 | 43.9 | 5.74 | 26.4 | 12.2 | 15.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · Advertisement of 32nd AGM scheduled for September 29, 2026 | compliance | minimal | — | — |
| 5 Sept 2026 · Letter to shareholders with web link for FY2025-26 Annual Report and 32nd AGM notice | compliance | minimal | — | — |
| 5 Sept 2026 · 32nd AGM notice and FY2025-26 annual report submitted | board shareholder meetings | medium | — | — |
| 5 Sept 2026 · Balaji Telefilms 32nd AGM on Sep 29, 2026 via video conferencing; 5 agenda items | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Balaji Telefilms partners YouTube for 5 premium shows, 200 episodes | business updates | medium | — | — |
| 25 Aug 2026 · Balaji Telefilms 32nd AGM Scheduled for September 29, 2026 via Video Conferencing | compliance | minimal | — | — |
| 24 Aug 2026 · 32nd AGM on September 29, 2026; book closure and e-voting dates announced | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Balaji Telefilms 32nd AGM on Sep 29, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Balaji Telefilms Q1 FY27: revenue at 240 cr, PBT 28 cr | compliance | low | — | — |
| 13 Aug 2026 · Balaji Telefilms Q1 FY27: revenue jumps over 3 times, swings to profit | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 17.4 |
| 37.0 |
| TIPS MUSIC LIMITED | 8,441 | 39.3 | 32.47 | — | 83.4 | 110.1 | — | 55.7 |
| NETWORK18 MEDIA & INV LTD | 4,109 | — | 0.82 | 38.0 | 3.1 | (2.8) | (14.7) | 2.3 |
| BALAJI TELEFILMS LIMITED. ◆ | 1,101 | — | 1.77 | — | (8.0) | (10.2) | (6.4) | 12.4 |
| ENTERTAIN NET. IND. LTD. | 482 | — | 0.63 | 6.5 | (1.0) | (3.4) | 15.7 | 15.4 |
| SHEMAROO ENTER. LTD. | 342 | — | 1.28 | — | (81.6) | (106.4) | 13.4 | (0.9) |
| MUSIC BROADCAST LIMITED | 211 | — | 0.47 | — | (12.0) | (11.8) | — | 38.4 |
| GRADIENTE INFOTAINMENT L | 84 | 18.0 | 0.27 | — | 0.9 | 1.3 | — | 10.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 1.8 | 0.8 | 8 of 11 | 30% |
| ROCE | (10.2) | (2.8) | 9 of 13 | 33% |
| ROE | (8.0) | (1.2) | 8 of 13 | 42% |
| Debt / Equity | 0.0 | 0.0 | 8 of 13 | 42% |
| EBITDA margin | 12.4 | 12.4 | 7 of 13 | 50% |
| Revenue growth | 229.9 | (2.8) | 2 of 11 | 90% |
| Profit growth | 476.6 | 56.4 | 3 of 12 | 82% |
| Market cap | 1101 | 211 | 4 of 13 | 75% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
