Music Broadcast Ltd

Music Broadcast Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Music Broadcast Ltd

₹ 8.73 0.58%
20 Jun - close price
radiocity.in BSE: 540366 NSE: RADIOCITY
About

Incorporated in 1999, Music Broadcast
Ltd is in the business of operating Private
FM radio stations through the brand Radio
City[1]

Key Points

Business Overview:[1]
MBL, a part of the Jagran Prakashan Ltd Group, was India's pioneering private FM radio broadcaster. It holds the second-largest market share in radio, estimated at around 20% in FY23. Operating under the Radio City brand, MBL runs FM radio channels and 17 web-based stations across 39 cities in India. Its primary revenue stream is advertising.

Website BSE NSE
  • Market Cap ₹ 302 Cr.
  • Current Price ₹ 8.73
  • High / Low ₹ 17.4 / 8.11
  • Stock P/E
  • Book Value ₹ 14.4
  • Dividend Yield 0.00 %
  • ROCE -4.76 %
  • ROE -6.57 %
  • Face Value ₹ 2.00
Edit ratios

Pros

  • Stock is trading at 0.61 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.10% over past five years.
  • Company has a low return on equity of -1.55% over last 3 years.
  • Earnings include an other income of Rs.26.9 Cr.
  • Working capital days have increased from 211 days to 327 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Media, Entertainment & Publication Entertainment Media & Entertainment

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
46 44 49 55 51 53 52 60 63 60 55 65 55
44 40 45 45 46 46 46 51 52 50 52 55 100
Operating Profit 2 4 4 9 5 7 6 9 10 9 3 11 -45
OPM % 4% 10% 8% 17% 11% 13% 12% 16% 16% 16% 6% 17% -83%
4 4 5 5 5 6 6 6 6 7 6 7 7
Interest 1 1 1 1 2 2 2 2 3 3 3 3 3
Depreciation 8 8 8 8 8 8 8 8 8 9 9 9 9
Profit before tax -3 0 0 6 0 2 1 4 5 4 -2 6 -50
Tax % -23% 0% 27% 30% 1,200% 55% 72% 42% 41% 43% 1% 39% -24%
-2 0 0 4 -1 1 0 3 3 3 -2 4 -38
EPS in Rs -0.06 0.00 0.00 0.12 -0.02 0.03 0.01 0.07 0.09 0.07 -0.06 0.10 -1.10
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
154 201 225 271 298 325 248 128 168 199 229 234
112 139 149 180 201 212 191 139 157 176 195 257
Operating Profit 42 62 77 91 97 113 57 -11 11 23 33 -22
OPM % 27% 31% 34% 34% 33% 35% 23% -9% 7% 12% 15% -10%
3 7 2 4 19 15 16 15 17 20 23 27
Interest 6 6 21 19 15 6 10 3 3 4 10 12
Depreciation 15 16 17 20 26 27 35 33 33 33 33 35
Profit before tax 24 47 42 57 75 96 29 -33 -8 6 13 -42
Tax % 0% 0% 34% 36% 31% 36% 2% -26% -25% 43% 47% -19%
24 47 28 37 52 62 28 -24 -6 3 7 -34
EPS in Rs 0.93 1.80 1.05 1.03 1.45 1.78 0.82 -0.70 -0.16 0.10 0.20 -0.98
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: -1%
3 Years: 12%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -626%
Stock Price CAGR
10 Years: %
5 Years: -13%
3 Years: -26%
1 Year: -47%
Return on Equity
10 Years: 3%
5 Years: -2%
3 Years: -2%
Last Year: -7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 39 39 42 57 57 55 69 69 69 69 69 69
Reserves -28 19 168 491 543 548 563 541 534 456 463 429
128 285 223 150 50 74 22 23 19 98 106 126
31 55 57 63 49 53 34 23 31 33 42 41
Total Liabilities 170 398 490 761 699 731 688 657 654 656 681 665
32 19 230 312 297 310 309 283 255 233 219 179
CWIP 0 0 66 0 0 0 0 0 0 0 1 0
Investments 0 0 15 27 156 172 208 202 219 220 247 311
138 379 179 423 246 249 170 172 180 203 213 176
Total Assets 170 398 490 761 699 731 688 657 654 656 681 665

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
36 65 61 79 40 86 49 5 23 31 27 17
-5 -201 -60 -211 3 -44 32 4 -18 -24 -16 -9
-26 160 -32 205 -116 -40 -89 -7 -7 -8 -8 -7
Net Cash Flow 6 24 -31 73 -72 2 -7 2 -2 -1 3 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 149 140 123 110 135 141 156 221 164 121 117 118
Inventory Days
Days Payable
Cash Conversion Cycle 149 140 123 110 135 141 156 221 164 121 117 118
Working Capital Days 57 436 -9 -71 107 45 144 224 153 174 133 327
ROCE % 22% 22% 19% 13% 12% 14% 4% -5% -1% 1% 3% -5%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.05% 74.05% 74.05% 74.05% 74.05% 74.05% 74.05% 74.05% 74.05% 74.05% 74.05% 74.05%
0.13% 0.14% 0.09% 0.00% 0.00% 0.00% 0.04% 0.28% 0.03% 0.03% 0.01% 0.01%
5.47% 5.47% 5.47% 5.06% 4.90% 1.40% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01%
20.35% 20.34% 20.40% 20.89% 21.06% 24.55% 25.91% 25.67% 25.92% 25.91% 25.91% 25.93%
No. of Shareholders 33,10231,50530,11632,64632,93334,80643,74253,69852,26751,88151,64151,329

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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