Saregama IndiaNSE:SAREGAMA -0.09%93 Operating Margin % is 33.85% as of Mar. 2026, which is 52% above its 10-year median of 22.30. GuruFocus rates NSE:SAREGAMA with a GF Score™ of 93/100 and a GF Value™ of ₹520.49 (Fairly Valued). The stock has 12 warning signs investors should review. Among 1,015 Media - Diversified companies, Saregama India ranks better than 94.38% on this metric.
Saregama India Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -6.9%.
The historical rank and industry rank for Saregama India's Operating Margin % or its related term are showing as below:
NSE:SAREGAMA'
s Operating Margin % Range Over the Past 10 Years
Min: 2.92 Med: 22.3 Max: 32.88
Current: 25.92
NSE:SAREGAMA's Operating Margin % is ranked better than 94.38% of 1015
companies
in the Media - Diversified industry
Industry Median: 2.42
vs NSE:SAREGAMA: 25.92
Saregama India's 5-Year Average Operating Margin % Growth Rate was -6.90% per year.
Saregama India (NSE:SAREGAMA) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Saregama India Operating Margin % Related Terms
Saregama India Operating Margin % Historical Data
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The historical data trend for Saregama India's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:SAREGAMA vs NFLX, DIS, WBD: Operating Margin % Comparison
For the Entertainment subindustry, Saregama India's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Saregama India Operating Margin % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Saregama India's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Saregama India's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Saregama India's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Saregama India (NSE:SAREGAMA) has a Operating Margin % of 33.85% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Saregama India and its competitors. This is 52% above median its historical median of 22.30. Over the past decade, Saregama India's Operating Margin % has ranged from 2.92 to 32.88. According to the industry distribution chart, Saregama India ranks #57 out of 1015 companies in the Media - Diversified industry, placing it in the top 5.6%.
Is Saregama India's Operating Margin % too high?
Saregama India's current Operating Margin % of 33.85% is 52% above median its 10-year median of 22.30. Over the past 10 years, this metric has ranged from a low of 2.92 to a high of 32.88. The Media - Diversified industry median Operating Margin % is 2.42. Saregama India's value of 33.85% is 1298.8% above this industry median. Based on the distribution chart, Saregama India ranks #57 out of 1015 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Saregama India has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saregama India's Operating Margin % compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Saregama India ranks #57 out of 1015 companies for Operating Margin %. This places Saregama India in the top 6% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 2.42. Saregama India's value of 33.85% is 1298.8% above this benchmark. Historically, Saregama India's own Operating Margin % has ranged from 2.92 to 32.88 over the past decade. While the company's 10-year median is 22.30 vs. the industry median of 2.42, Saregama India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Media - Diversified company?
The median Operating Margin % among Media - Diversified companies is 2.42, based on 1,015 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Saregama India's current Operating Margin % of 33.85% is 1298.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Saregama India and its competitors. For the Media - Diversified industry, the median Operating Margin % is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saregama India's current Operating Margin % is 33.85%, which is 52% above median its own 10-year median of 22.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saregama India stock overvalued right now?
Based on GuruFocus' analysis, Saregama India (NSE:SAREGAMA) is currently considered Fairly Valued. The stock's GF Value™ is ₹520.49, compared to a current price of ₹492.35 — trading 5.4% below its estimated fair value. The current Operating Margin % is 33.85%, which is 52% above median its 10-year median of 22.30 and 1298.8% above the Media - Diversified industry median of 2.42. Saregama India's overall GF Score™ is 93/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Saregama India (NSE:SAREGAMA), the current Operating Margin % is 33.85% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Saregama India (NSE:SAREGAMA) Overvalued in 2026?
Based on GuruFocus' analysis, Saregama India stock appears to be undervalued.
The current stock price of ₹492.35 is trading 5.4% below its estimated GF Value™ of ₹520.49.
GuruFocus considers Saregama India to be Fairly Valued.
Key valuation signals for NSE:SAREGAMA:
Operating Margin %: 33.85% (52% above median its 10-year median of 22.30)
GF Value™: ₹520.49 vs. price of ₹492.35 (5.4% below fair value)
Industry Position: 1298.8% above the Media - Diversified median (#57 of 1015)
No single metric tells the full story. See the NSE:SAREGAMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saregama India Ltd is a holding company, which engages in the production and distribution of music, television programs, and movies. It operates through the following segments: Music, Films/TV Serials, and Publication. The Music segment deals with the business of manufacturing and sale of Music storage devices viz. Carvaan, Music Card, etc, and dealing with related music rights. The Films/TV Serials and Event segment engaged in the production and sale/telecast/broadcast of films/TV Serials, pre-recorded programs, organizing live musical events, and dealing in film rights. The Publication segment publishes the weekly current affairs magazine 'OPEN' through its publication business. The firm derives a majority of its revenue from the Music segment.
93GF Score
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