Radiowalla Network Ltd
Incorporated in July 2010, Radiowalla Network Ltd is a premicr provider of in-store radio and Digital Out-of-Home (DOOH) advertising solutions[1]
- Market Cap ₹ 43.7 Cr.
- Current Price ₹ 62.0
- High / Low ₹ 129 / 50.0
- Stock P/E 55.3
- Book Value ₹ 28.9
- Dividend Yield 0.00 %
- ROCE 12.9 %
- ROE 6.05 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Debtor days have improved from 92.6 to 72.3 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.0.72 Cr.
* 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 5.77 | 10.49 | 13.98 | 15.27 | 20.49 | 20.89 | |
| 5.49 | 9.77 | 12.45 | 13.28 | 18.81 | 19.22 | |
| Operating Profit | 0.28 | 0.72 | 1.53 | 1.99 | 1.68 | 1.67 |
| OPM % | 4.85% | 6.86% | 10.94% | 13.03% | 8.20% | 7.99% |
| 0.04 | 0.00 | 0.03 | 0.07 | 0.59 | 0.72 | |
| Interest | 0.18 | 0.15 | 0.16 | 0.12 | 0.14 | 0.12 |
| Depreciation | 0.11 | 0.13 | 0.27 | 0.43 | 0.47 | 0.59 |
| Profit before tax | 0.03 | 0.44 | 1.13 | 1.51 | 1.66 | 1.68 |
| Tax % | -266.67% | -6.82% | 5.31% | -4.64% | 53.61% | |
| 0.11 | 0.46 | 1.07 | 1.59 | 0.76 | 0.79 | |
| EPS in Rs | 2.61 | 10.92 | 25.39 | 3.07 | 1.08 | 1.12 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 25% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | -25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -46% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.42 | 0.42 | 0.42 | 5.17 | 7.05 | 7.05 |
| Reserves | 0.12 | 0.58 | 3.62 | 1.50 | 12.74 | 13.29 |
| 1.15 | 0.99 | 1.05 | 0.96 | 1.34 | 1.38 | |
| 4.25 | 4.00 | 3.78 | 2.26 | 3.50 | 4.96 | |
| Total Liabilities | 5.94 | 5.99 | 8.87 | 9.89 | 24.63 | 26.68 |
| 1.70 | 1.64 | 2.44 | 2.83 | 6.99 | 7.36 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 |
| 4.08 | 4.19 | 6.27 | 6.90 | 17.48 | 19.16 | |
| Total Assets | 5.94 | 5.99 | 8.87 | 9.89 | 24.63 | 26.68 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 0.39 | 0.11 | 1.11 | 0.73 | 1.34 | |
| 0.01 | -0.08 | -1.03 | -0.76 | -3.43 | |
| -0.19 | -0.30 | -0.08 | 0.78 | 11.92 | |
| Net Cash Flow | 0.21 | -0.27 | 0.00 | 0.75 | 9.84 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 167.00 | 89.08 | 116.71 | 88.68 | 72.32 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 167.00 | 89.08 | 116.71 | 88.68 | 72.32 |
| Working Capital Days | -80.34 | -11.83 | 52.48 | 77.45 | 59.50 |
| ROCE % | 32.07% | 36.44% | 25.63% | 12.93% |
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
15 November 2025 - H1 FY26 earnings call: revenue INR10.39 crore, ad +20% YoY, ~2,000 new stores, Dubai subsidiary by December.
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Updates
14 November 2025 - Promoter Harvinderjit Singh Bhatia bought 3,200 shares on Nov 14, 2025 for ₹1,88,000; 0.0454% change.
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General Updates
14 November 2025 - Promoter Harvinderjit Bhatia bought 3,200 shares on Nov 14, 2025 for ₹1,88,000 (₹58/₹59.50).
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Press Release
14 November 2025 - Radiowalla signs agreement with Reliance Retail to deploy digital screens in premium stores; reaches ~100 million annual footfalls.
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Analysts/Institutional Investor Meet/Con. Call Updates
13 November 2025 - Audio recording of Nov 12, 2025 earnings call for half-year ended Sep 30, 2025.
Annual reports
Concalls
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Nov 2025Transcript PPT
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Sep 2025TranscriptNotesPPT
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Sep 2025TranscriptNotesPPT
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May 2025Transcript PPT
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Apr 2025TranscriptPPT
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May 2024TranscriptPPT
Business Overview:[1]
RNL is an in-store radio company. It has collaboration with 500+ retailers across 10 countries with 1 Billion Listener and 100+ Advt Campaigns