Music Broadcast Ltd
Music Broadcast Limited is a subsidiary of Jagran Prakashan Ltd. It runs radio channel Radio City.
Being the first FM radio broadcaster in India and with 19 years of expertise in the radio industry, Radio City is the second largest operator today.
Wide Reach
Music Broadcast currently has 39 stations across 12 states, comprising 62- of the country’s FM population. Radio City reaches out to over 69 million listeners in 34 cities covered by AZ Research 2019 #
Bonus Debentures to non-promoter:
On October 22, 2020, Music Broadcast approved the issue of Bonus Non-Convertible Non-Cumulative Redeemable Preference Shares (NCRPS) to non-promoter shareholders only. The bonus NCPRS shares shall be issued in the ratio 1:10; These bonus NCRPS with a coupon rate of 0.1% will be redeemed at Rs120 per NCRPS on expiry of 36 months from the date of allotment.#
- Market Cap ₹ 843 Cr.
- Current Price ₹ 24.3
- High / Low ₹ 27.5 / 12.2
- Stock P/E
- Book Value ₹ 17.7
- Dividend Yield 0.00 %
- ROCE 4.09 %
- ROE 3.11 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 4.29% over past five years.
- Company has a low return on equity of 6.81% for last 3 years.
- Company has high debtors of 156.47 days.
- Company's cost of borrowing seems high
Peer comparison
Sector: Entertainment Industry: Entertainment / Electronic Media Software
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
75.93 | 75.68 | 80.14 | 87.02 | 81.87 | 69.78 | 62.53 | 69.64 | 45.87 | 14.36 | 30.08 | 40.67 | |
48.57 | 49.62 | 53.58 | 58.42 | 49.90 | 47.41 | 44.02 | 48.07 | 51.17 | 29.61 | 33.12 | 36.51 | |
Operating Profit | 27.36 | 26.06 | 26.56 | 28.60 | 31.97 | 22.37 | 18.51 | 21.57 | -5.30 | -15.25 | -3.04 | 4.16 |
OPM % | 36.03% | 34.43% | 33.14% | 32.87% | 39.05% | 32.06% | 29.60% | 30.97% | -11.55% | -106.20% | -10.11% | 10.23% |
Other Income | 5.40 | 2.42 | 3.60 | 4.46 | 4.61 | 3.29 | 4.99 | 4.16 | 3.87 | 4.73 | 2.92 | 5.02 |
Interest | 3.37 | 1.38 | 1.38 | 1.37 | 1.52 | 2.57 | 2.65 | 2.48 | 2.05 | 0.70 | 0.96 | 0.83 |
Depreciation | 6.67 | 6.74 | 6.70 | 6.76 | 6.91 | 8.59 | 8.67 | 8.90 | 8.63 | 8.51 | 8.28 | 8.24 |
Profit before tax | 22.72 | 20.36 | 22.08 | 24.93 | 28.15 | 14.50 | 12.18 | 14.35 | -12.11 | -19.73 | -9.36 | 0.11 |
Tax % | 28.43% | 33.69% | 39.40% | 34.30% | 34.81% | 41.86% | -51.97% | 29.06% | 26.42% | 29.60% | 30.56% | 36.36% |
Net Profit | 16.26 | 13.50 | 13.38 | 16.38 | 18.35 | 8.43 | 18.51 | 10.18 | -8.91 | -13.89 | -6.49 | 0.07 |
EPS in Rs | 0.46 | 0.38 | 0.38 | 0.47 | 0.53 | 0.24 | 0.54 | 0.29 | -0.26 | -0.40 | -0.19 | 0.00 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
81 | 105 | 122 | 138 | 154 | 201 | 225 | 271 | 298 | 325 | 248 | 131 | |
85 | 87 | 96 | 104 | 112 | 139 | 149 | 180 | 201 | 212 | 191 | 150 | |
Operating Profit | -4 | 18 | 26 | 34 | 42 | 62 | 77 | 91 | 97 | 113 | 57 | -19 |
OPM % | -5% | 17% | 21% | 25% | 27% | 31% | 34% | 34% | 33% | 35% | 23% | -15% |
Other Income | 4 | 22 | 2 | 2 | 3 | 7 | 2 | 4 | 19 | 15 | 16 | 17 |
Interest | 10 | 8 | 7 | 5 | 6 | 6 | 21 | 19 | 15 | 6 | 10 | 5 |
Depreciation | 24 | 25 | 23 | 20 | 15 | 16 | 17 | 20 | 26 | 27 | 35 | 34 |
Profit before tax | -34 | 8 | -2 | 12 | 24 | 47 | 42 | 57 | 75 | 96 | 29 | -41 |
Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 34% | 36% | 31% | 36% | 2% | |
Net Profit | -34 | 8 | -2 | 12 | 24 | 47 | 28 | 37 | 52 | 62 | 28 | -29 |
EPS in Rs | -1.31 | 0.30 | -0.08 | 0.44 | 0.93 | 1.80 | 1.05 | 1.03 | 1.45 | 1.78 | 0.82 | -0.85 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 4% |
3 Years: | -3% |
TTM: | -54% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | -16% |
3 Years: | -19% |
TTM: | -153% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -27% |
1 Year: | 17% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 7% |
Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
39 | 39 | 39 | 39 | 39 | 39 | 42 | 57 | 57 | 55 | 69 | 69 | |
Reserves | -81 | -73 | -66 | -53 | -28 | 19 | 85 | 491 | 543 | 548 | 563 | 544 |
Borrowings | 196 | 191 | 173 | 149 | 128 | 285 | 223 | 150 | 50 | 74 | 22 | 24 |
41 | 40 | 35 | 36 | 31 | 55 | 140 | 63 | 49 | 53 | 34 | 40 | |
Total Liabilities | 195 | 197 | 181 | 171 | 170 | 398 | 490 | 761 | 699 | 731 | 688 | 678 |
102 | 78 | 59 | 42 | 32 | 19 | 230 | 312 | 297 | 310 | 309 | 297 | |
CWIP | 4 | 4 | 2 | 1 | 0 | 0 | 66 | 0 | 0 | 0 | 0 | 0 |
Investments | 1 | 3 | 0 | 0 | 0 | 0 | 15 | 27 | 156 | 172 | 208 | 219 |
88 | 111 | 120 | 127 | 138 | 379 | 179 | 423 | 246 | 249 | 170 | 162 | |
Total Assets | 195 | 197 | 181 | 171 | 170 | 398 | 490 | 761 | 699 | 731 | 688 | 678 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|
21 | 34 | 36 | 65 | 61 | 79 | 40 | 86 | 49 | |||
5 | -2 | -5 | -201 | -60 | -211 | 3 | -44 | 32 | |||
-24 | -27 | -26 | 160 | -32 | 205 | -116 | -40 | -89 | |||
Net Cash Flow | 2 | 6 | 6 | 24 | -31 | 73 | -72 | 2 | -7 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | -1% | 3% | 12% | 22% | 22% | 22% | 14% | 12% | 14% | 4% | |
Debtor Days | 172 | 188 | 186 | 171 | 149 | 140 | 123 | 110 | 135 | 141 | 156 |
Inventory Turnover |
Documents
Add documentRecent announcements
- Announcement under Regulation 30 (LODR)-Scheme of Arrangement 8 Feb
- Announcement under Regulation 30 (LODR)-Scheme of Arrangement 30 Jan
- Announcement under Regulation 30 (LODR)-Newspaper Publication 22 Jan
- Announcement under Regulation 30 (LODR)-Investor Presentation 21 Jan
- Unaudited Financial Results For The Quarter Ended December 31, 2020 21 Jan
View all