Sarasayya is a 1971 Indian Malayalam film, directed by Thoppil Bhasi and produced by P. V. Sathyam. The film stars Sathyan, Madhu, Sheela and Jayabharathi in the lead roles. The film had musical score by G. Devarajan. It is a sequel to the Malayalam film Ashwamedham of 1967. It won the Kerala State Film Award for Best Film.