Sarasayya is a 1971 Indian Malayalam-language film, directed by Thoppil Bhasi and produced by P. V. Sathyam. The film stars Sathyan, Madhu, Sheela and Jayabharathi. It is a sequel to the Malayalam film Ashwamedham (1967), and an adaptation of Thoppil Bhasi's play of the same name. It won the Kerala State Film Award for Best Film.
The music was composed by G. Devarajan and the lyrics were written by Vayalar Ramavarma.