Music Plus

Mumbai, India Founded: 2017 • Age: 9 yrs Listed
Online portal for music news, features, interviews, events, and industry updates.
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About Music Plus

Music Plus is a publicly listed company based in Mumbai (India) founded in 2017. Online portal for music news, features, interviews, events, and industry updates. It operates on a B2C model. The company has 319 employees. Its website musicplus.in draws about 15 thousand monthly visits. Its Indian entity Saregama India Limited reported revenue of ₹1,027 Cr. Music Plus offers products and services including Music News Service, Podcast Service, and Job Listings. Its focus areas include Media and Entertainment, Digital Media, Music News and Industry Updates.

Company details

Music Plus operates as a digital platform delivering news, features, interviews, podcasts, and job listings related to the global and Indian music sectors. It covers artist launches, business developments, and events, with a focus on regions like Mumbai. The site aggregates information on music companies and trends, serving users without bias, while highlighting key industry activities and collaborations.

Operational Areas
Media & Entertainment → Music Tech
Media & Entertainment → Art Market & Retail
Key Metrics
  • Market Cap
    ₹12,278 Cr

    SAREGAMA · NSE

  • Share Price
    ₹631.10

    -0.90% today

  • Revenue
    ₹985 Cr

    FY 2025-26 · -15.9% YoY

  • EBITDA
    ₹328 Cr

    Margin 33.3%

  • Net Profit
    ₹208 Cr

    FY 2025-26 · +15.1% YoY

  • P/E (TTM)
    46.1x

    P/B 6.7x

  • ROE
    13.5%

    ROCE 18.0%

  • Debt / Equity
    0.02

    Interest cover 2.2x

  • Employee Count
    319

Products & Services of Music Plus

Music Plus offers a comprehensive portfolio of products and services, including Music News Service, Podcast Service, and Job Listings.

Music News Service
Digital Content

Delivers updates on music industry news and events

Podcast Service
Audio Content

Offers podcasts on music trends and interviews

Job Listings
Career Services

Provides listings for music industry roles and opportunities

Board of directors of Saregama India Limited (Music Plus)

Saregama India Limited is the primary company behind Music Plus. The board of Saregama India Limited currently have 8 directors; the longest-serving is Sanjiv Goenka, appointed in 1991. 25 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Sanjiv Goenka
DIN 00074796
Director17 Aug 199135 yrs 2 moSaregama India Limited
Preeti Goenka
DIN 05199069
Director27 May 201313 yrs 5 moSaregama India Limited
Vikram Mehra
DIN 03556680
Managing Director27 Oct 201412 yrsSaregama India Limited
Noshir Naval Framjee
DIN 01646640
Director12 Jun 20179 yrs 4 moSaregama India Limited
Avarna Jain
DIN 02106305
Director29 May 20188 yrs 5 moSaregama India Limited
Kusum Dadoo
DIN 06967827
Director01 Nov 20233 yrsSaregama India Limited
Vinod Kumar
DIN 01800577
Director31 Jul 20251 yr 3 moSaregama India Limited
Pratip Chaudhuri
DIN 00915201
Director31 Jul 20251 yr 3 moSaregama India Limited

IPO & Listings of Music Plus

Music Plus is a publicly listed company on the NSE with ticker symbol SAREGAMA in India, operating in the Entertainment sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: SAREGAMA
  • Listed entitySaregama India Limited
  • Exchange sectorEntertainment

Financials of Music Plus

Exchange-reported figures of Saregama India Limited, the listed company behind Music Plus (NSE: SAREGAMA).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹985 Cr
-15.9% YoY
EBITDA
₹328 Cr
+31.5% YoY
Profit After Tax
₹208 Cr
+15.1% YoY
Net Worth
₹1,693 Cr
+6.9% YoY
Total Assets
₹1,812 Cr
+11.4% YoY
Total Debt
₹72.58 Cr
+2578.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue9851,171803737576442521
Revenue growth-15.9%+45.9%+9.0%+27.8%+30.4%-15.3%-
EBITDA32825024722118713060.47
EBITDA margin+33.3%+21.3%+30.7%+30.0%+32.5%+29.4%+11.6%
Profit before tax28427627124820415260.35
Net profit20818018418515211343.95
Net profit margin+21.1%+15.4%+22.9%+25.2%+26.4%+25.5%+8.4%
EPS (₹)10.7410.5910.259.617.9164.5825.21
Balance sheet
Total assets1,8121,6261,6931,3501,386514414
Net worth1,6931,5831,4691,3421,378506399
Total debt72.582.715.430.711.301.109.70
Cash & bank1495445425083241458.99
Net working capital377674811706456187158
Cash flow
Cash from operations10033193.2593.4394.4319079.34
Cash from investing(110)(220)31.83(154)(630)(136)(4.83)
Cash from financing(31.37)(98.73)(84.86)(75.24)677(49.48)(72.47)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue264287260230207241483242
Revenue growth (YoY)+27.5%+19.4%-46.1%-4.9%+0.7%---
Other income4.219.737.4211.4714.2322.6115.7112.53
EBITDA92.1111984.7668.7755.2980.3284.3760.84
EBITDA margin+34.9%+41.5%+32.6%+29.9%+26.7%+33.4%+17.5%+25.2%
Depreciation23.6423.6621.3919.0117.4916.6015.2413.64
Interest2.172.061.261.130.984.710.390.43
Profit before tax70.5110369.5360.1051.0581.6284.4559.30
Tax18.6329.2718.2816.2714.5421.7622.1114.35
Net profit51.8874.1451.2543.8336.5159.8662.3444.95
EPS (₹)2.693.862.672.281.903.113.242.33
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue8211,009759695568434500
Revenue growth-18.7%+33.0%+9.2%+22.3%+30.9%-13.2%-
EBITDA33327025521618612565.46
EBITDA margin+40.6%+26.8%+33.6%+31.1%+32.8%+28.8%+13.1%
Profit before tax29227227524320214565.78
Net profit22120320317015010749.00
Net profit margin+27.0%+20.1%+26.8%+24.4%+26.4%+24.6%+9.8%
EPS (₹)11.1510.5410.539.367.8061.4128.11
Balance sheet
Total assets1,8121,5891,5431,3371,377514423
Net worth1,6921,5751,4621,3321,372510414
Total debt95.230.000.140.711.301.106.80
Cash & bank1225104915053181405.24
Net working capital357634763705453188162
Cash flow
Cash from operations11033910394.1595.8818784.56
Cash from investing(147)(214)(8.44)(153)(632)(138)(10.30)
Cash from financing(5.98)(95.70)(83.32)(75.24)677(46.58)(72.41)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue208238210195177216407213
Revenue growth (YoY)+17.4%+10.4%-48.3%-8.8%+2.5%---
Other income3.546.696.9511.0813.3817.5214.8711.92
Total expenses118118126123120143325149
EBITDA90.5112084.4471.4057.2472.6982.3864.31
EBITDA margin+43.5%+50.4%+40.2%+36.7%+32.3%+33.7%+20.2%+30.1%
Depreciation22.2122.2320.0617.8216.2815.3914.0212.42
Interest1.511.260.480.740.370.180.220.47
Profit before tax70.3310370.8563.9253.9774.6483.0163.34
Tax17.7328.8418.0016.2713.7519.1321.5814.28

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 05 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue264287260230207241483242
Revenue growth (YoY)+27.5%+19.4%-46.1%-4.9%+0.7%---
Other income4.219.737.4211.4714.2322.6115.7112.53
EBITDA92.1111984.7668.7755.2980.3284.3760.84
EBITDA margin+34.9%+41.5%+32.6%+29.9%+26.7%+33.4%+17.5%+25.2%
Depreciation23.6423.6621.3919.0117.4916.6015.2413.64
Interest2.172.061.261.130.984.710.390.43
Profit before tax70.5110369.5360.1051.0581.6284.4559.30
Tax18.6329.2718.2816.2714.5421.7622.1114.35
Net profit51.8874.1451.2543.8336.5159.8662.3444.95
EPS (₹)2.693.862.672.281.903.113.242.33
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue9851,171803737576442521
Revenue growth-15.9%+45.9%+9.0%+27.8%+30.4%-15.3%-
Other income42.8590.4763.6653.6334.8230.8511.23
Total expenses656922556516389312461
Employee cost10910893.1675.0061.9669.5366.62
EBITDA32825024722118713060.47
EBITDA margin+33.3%+21.3%+30.7%+30.0%+32.5%+29.4%+11.6%
Depreciation81.5558.2136.1820.8213.025.614.64
Interest5.445.743.245.714.523.456.71
Profit before tax28427627124820415260.35
Tax77.8671.8373.2363.0351.7838.4416.85
Net profit20818018418515211343.95
Net profit margin+21.1%+15.4%+22.9%+25.2%+26.4%+25.5%+8.4%
EPS (₹)10.7410.5910.259.617.9164.5825.21
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital19.2819.2819.2819.2819.2817.4317.43
Reserves & surplus1,6731,5641,4501,3231,358488381
Shareholders' funds (net worth)1,6931,5831,4691,3421,378506399
Minority interest2.533.383.453.393.233.132.25
Secured loans70.380.001.650.000.000.006.33
Unsecured loans2.202.713.780.711.301.103.37
Total debt72.582.715.430.711.301.109.70
Total liabilities1,8121,6261,6931,3501,386514414
Assets
Gross block1,2841,008830391311246236
Net block1,031835742338278226219
Capital work in progress0.000.005.544.051.751.950.00
Investments37911111823967613775.44
Inventories24324023916410569.1993.64
Sundry debtors17714315914810887.35108
Cash & bank balances1495445425083241458.99
Loans & advances255164164193164105107
Total current assets8251,0911,1041,013701406318
Total current liabilities448417294307245219160
Net working capital377674811706456187158
Total assets1,8121,6261,6931,3501,386514414
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash69.3956.9216.7015311.137.055.00
Net cash from operating activities10033193.2593.4394.4319079.34
Net cash from investing activities(110)(220)31.83(154)(630)(136)(4.83)
Net cash from financing activities(31.37)(98.73)(84.86)(75.24)677(49.48)(72.47)
Net change in cash(41.23)12.4740.22(136)1424.092.04
Closing cash1495445425083241458.99
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-15.9%+45.9%+9.0%+27.8%+30.4%-15.3%-
EBITDA growth+31.5%+1.2%+11.6%+18.1%+43.9%+115.2%-
PBT growth+2.9%+2.0%+9.2%+21.4%+34.6%+151.7%-28.7%
Net income growth+15.1%-2.0%-0.7%+21.7%+35.3%+156.1%-
Revenue CAGR (3Y)+10.2%+26.7%+22.0%+12.2%+1.9%+7.4%+33.6%
EBITDA CAGR (3Y)+14.1%+10.1%+23.8%+54.0%+69.9%+53.1%+85.8%
Profitability & leverage
Net income margin+21.0%+17.4%+24.6%+25.1%+26.5%+25.7%+8.3%
Return on capital employed+18.0%+18.2%+19.5%+20.2%+24.9%+43.4%+19.2%
Return on net worth+13.5%+14.4%+15.3%+14.8%+18.3%+32.5%+14.0%
Debt / equity0.020.000.000.000.000.020.12
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover2.213.001.542.852.602.7712.02
Efficiency & per share
Fixed asset turnover0.951.451.613.073.363.214.06
Inventory turnover4.074.893.985.466.605.435.49
Debtors turnover6.157.765.245.765.914.514.78
EPS (₹)10.7410.5910.259.617.9164.5825.21
Dividend per share (₹)4.504.504.003.003.0020.001.50
Book value per share (₹)82.0476.3770.4463.8665.70230.83169.47
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue208238210195177216407213
Revenue growth (YoY)+17.4%+10.4%-48.3%-8.8%+2.5%---
Other income3.546.696.9511.0813.3817.5214.8711.92
Total expenses118118126123120143325149
EBITDA90.5112084.4471.4057.2472.6982.3864.31
EBITDA margin+43.5%+50.4%+40.2%+36.7%+32.3%+33.7%+20.2%+30.1%
Depreciation22.2122.2320.0617.8216.2815.3914.0212.42
Interest1.511.260.480.740.370.180.220.47
Profit before tax70.3310370.8563.9253.9774.6483.0163.34
Tax17.7328.8418.0016.2713.7519.1321.5814.28
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue8211,009759695568434500
Revenue growth-18.7%+33.0%+9.2%+22.3%+30.9%-13.2%-
Other income38.1055.7258.4353.3133.4129.0711.48
Total expenses488739504479382309435
Employee cost83.7684.4382.4274.0361.0856.8953.44
EBITDA33327025521618612565.46
EBITDA margin+40.6%+26.8%+33.6%+31.1%+32.8%+28.8%+13.1%
Depreciation76.3953.3534.2020.8213.025.404.45
Interest2.850.903.435.714.513.456.71
Profit before tax29227227524320214565.78
Tax76.8668.5272.4562.7051.5738.4316.79
Net profit22120320317015010749.00
Net profit margin+27.0%+20.1%+26.8%+24.4%+26.4%+24.6%+9.8%
EPS (₹)11.1510.5410.539.367.8061.4128.11
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital19.2819.2819.2819.2819.2817.4317.43
Reserves & surplus1,6731,5561,4431,3131,353492396
Shareholders' funds (net worth)1,6921,5751,4621,3321,372510414
Secured loans65.220.000.000.000.000.006.33
Unsecured loans30.010.000.140.711.301.100.47
Total debt95.230.000.140.711.301.106.80
Total liabilities1,8121,5891,5431,3371,377514423
Assets
Gross block931671494391310245235
Net block715532408338278226219
Capital work in progress0.000.005.544.051.751.950.00
Investments71742036822867013580.50
Inventories23423022616210365.4789.07
Sundry debtors14012614415110889.59110
Cash & bank balances1225104915053181405.24
Loans & advances236150150186163104108
Total current assets7321,0161,0101,004691399313
Total current liabilities375382247300238211151
Net working capital357634763705453188162
Total assets1,8121,5891,5431,3371,377514423
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash53.8324.6712.971476.303.301.45
Net cash from operating activities11033910394.1595.8818784.56
Net cash from investing activities(147)(214)(8.44)(153)(632)(138)(10.30)
Net cash from financing activities(5.98)(95.70)(83.32)(75.24)677(46.58)(72.41)
Net change in cash(42.73)29.1611.69(134)1413.001.85
Closing cash1225104915053181405.24
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-18.7%+33.0%+9.2%+22.3%+30.9%-13.2%-
EBITDA growth+23.2%+6.2%+17.7%+16.3%+48.7%+91.3%-
PBT growth+7.4%-1.3%+13.3%+20.4%+38.9%+121.1%-20.0%
Net income growth+8.9%+0.1%+19.6%+13.2%+40.3%+118.4%-
Revenue CAGR (3Y)+5.7%+21.1%+20.5%+11.6%+2.7%+7.9%+33.9%
EBITDA CAGR (3Y)+15.5%+13.3%+26.7%+49.0%+79.3%+54.3%+103.0%
Profitability & leverage
Net income margin+26.2%+20.1%+26.8%+26.0%+26.5%+24.6%+9.8%
Return on capital employed+18.6%+18.7%+21.0%+20.0%+24.6%+40.8%+20.5%
Return on net worth+14.1%+14.4%+15.8%+14.5%+18.1%+29.9%+15.5%
Debt / equity0.030.000.000.000.000.010.11
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover1.110.411.562.922.612.8811.00
Efficiency & per share
Fixed asset turnover1.192.142.292.903.333.183.94
Inventory turnover3.544.433.915.246.745.625.51
Debtors turnover6.197.505.155.375.774.344.48
EPS (₹)11.1510.5410.539.367.8061.4128.11
Dividend per share (₹)4.504.504.003.003.0020.001.50
Book value per share (₹)81.9975.9370.1063.3565.40232.98178.07

Web traffic of Music Plus

The website of Music Plus (musicplus.in) receives about 14.5K visits a month.

  • Monthly visits
    14.5K

    ▲ 40.3% vs previous month

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Frequently Asked Questions about Music Plus

Music Plus was founded in 2017.

Music Plus is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Music Plus has 319 employees.

The primary company behind Music Plus, Saregama India Limited, reported revenue of ₹1,027 Cr for FY 2026, down 16% year on year.

Music Plus operates as a digital platform delivering news, features, interviews, podcasts, and job listings related to the global and Indian music sectors. It covers artist launches, business developments, and events, with a focus on regions like Mumbai. The site aggregates information on music companies and trends, serving users without bias, while highlighting key industry activities and collaborations.

Music Plus offers Music News Service, Podcast Service, and Job Listings.

Yes, Music Plus is publicly traded on NSE under the ticker symbol SAREGAMA.

Music Plus operates through Saregama India Limited.

The legal entities of Music Plus currently have 10 directors, including Avarna Jain, Vikram Mehra, Preeti Goenka and others.

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