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Saregama IndiaNSE:SAREGAMA +1.08%94 Altman Z-Score is 10.13 as of Jul. 18, 2026, which is 38% above its 10-year median of 7.35. GuruFocus rates NSE:SAREGAMA with a GF Score™ of 94/100 and a GF Value™ of ₹524.42 (Fairly Valued). The stock has 11 warning signs investors should review. Among 1,009 Media - Diversified companies, Saregama India ranks better than 93.95% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Good Sign:
Altman Z-score of 10.13 is strong.
Saregama India has a Altman Z-Score of 10.13, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Saregama India's Altman Z-Score or its related term are showing as below:
NSE:SAREGAMA'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.04 Med: 7.35 Max: 19.43
Current: 10.13
During the past 13 years, Saregama India's highest Altman Z-Score was 19.43. The lowest was 2.04. And the median was 7.35.
Saregama India (NSE:SAREGAMA) Altman Z-Score Explanation
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
Saregama India Altman Z-Score Related Terms
Saregama India Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Saregama India's Altman Z-Score 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: Altman Z-Score Comparison
For the Entertainment subindustry, Saregama India's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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 Altman Z-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Saregama India's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Saregama India's Altman Z-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
Saregama India's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
0.1646
+
1.4
*
0
+
3.3
*
0.1247
+
0.6
*
15.1546
+
1.0
*
0.424
=
10.13
* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Saregama India (NSE:SAREGAMA) has a Altman Z-Score of 10.13 as of Jul. 18, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Saregama India and its competitors. This is 38% above median its historical median of 7.35. Over the past decade, Saregama India's Altman Z-Score has ranged from 2.04 to 19.43. According to the industry distribution chart, Saregama India ranks #61 out of 1009 companies in the Media - Diversified industry, placing it in the top 6%.
Is Saregama India's Altman Z-Score too high?
Saregama India's current Altman Z-Score of 10.13 is 38% above median its 10-year median of 7.35. Over the past 10 years, this metric has ranged from a low of 2.04 to a high of 19.43. The Media - Diversified industry median Altman Z-Score is 2.00. Saregama India's value of 10.13 is 406.5% above this industry median. Based on the distribution chart, Saregama India ranks #61 out of 1009 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 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saregama India's Altman Z-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Saregama India ranks #61 out of 1009 companies for Altman Z-Score. This places Saregama India in the top 6% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.00. Saregama India's value of 10.13 is 406.5% above this benchmark. Historically, Saregama India's own Altman Z-Score has ranged from 2.04 to 19.43 over the past decade. While the company's 10-year median is 7.35 vs. the industry median of 2.00, 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 Altman Z-Score for a Media - Diversified company?
The median Altman Z-Score among Media - Diversified companies is 2.00, based on 1,009 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Saregama India's current Altman Z-Score of 10.13 is 406.5% 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 Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Saregama India and its competitors. For the Media - Diversified industry, the median Altman Z-Score is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saregama India's current Altman Z-Score is 10.13, which is 38% above median its own 10-year median of 7.35. 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 ₹524.42, compared to a current price of ₹494.85 — trading 5.6% below its estimated fair value. The current Altman Z-Score is 10.13, which is 38% above median its 10-year median of 7.35 and 406.5% above the Media - Diversified industry median of 2.00. Saregama India's overall GF Score™ is 94/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Saregama India (NSE:SAREGAMA), the current Altman Z-Score is 10.13 as of Jul. 18, 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 ₹494.85 is trading 5.6% below its estimated GF Value™ of ₹524.42.
GuruFocus considers Saregama India to be Fairly Valued.
Key valuation signals for NSE:SAREGAMA:
Altman Z-Score: 10.13 (38% above median its 10-year median of 7.35)
GF Value™: ₹524.42 vs. price of ₹494.85 (5.6% below fair value)
Industry Position: 406.5% above the Media - Diversified median (#61 of 1009)
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.
94GF Score
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