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 58.3
- Book Value ₹ 27.7
- Dividend Yield 0.00 %
- ROCE 13.6 %
- ROE 5.93 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Debtor days have improved from 92.4 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.0.68 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 9.81 | 5.85 | 10.50 | 14.00 | 15.35 | 20.49 | 20.89 | |
| 9.09 | 5.59 | 9.76 | 12.51 | 13.32 | 18.77 | 19.23 | |
| Operating Profit | 0.72 | 0.26 | 0.74 | 1.49 | 2.03 | 1.72 | 1.66 |
| OPM % | 7.34% | 4.44% | 7.05% | 10.64% | 13.22% | 8.39% | 7.95% |
| 0.02 | 0.05 | 0.00 | 0.03 | 0.04 | 0.56 | 0.68 | |
| Interest | 0.31 | 0.18 | 0.15 | 0.16 | 0.17 | 0.21 | 0.11 |
| Depreciation | 0.32 | 0.12 | 0.14 | 0.28 | 0.44 | 0.48 | 0.60 |
| Profit before tax | 0.11 | 0.01 | 0.45 | 1.08 | 1.46 | 1.59 | 1.63 |
| Tax % | 0.00% | -900.00% | -4.44% | 5.56% | -4.79% | 55.97% | |
| 0.11 | 0.10 | 0.47 | 1.02 | 1.54 | 0.70 | 0.74 | |
| EPS in Rs | 2.61 | 2.37 | 11.15 | 24.21 | 2.98 | 0.99 | 1.05 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 25% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 46% |
| 3 Years: | 16% |
| TTM: | -25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -46% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.42 | 0.42 | 0.42 | 0.42 | 5.17 | 7.05 | 7.05 |
| Reserves | -0.99 | -0.53 | -0.06 | 2.93 | 0.78 | 11.96 | 12.47 |
| 0.84 | 1.15 | 0.99 | 1.05 | 0.96 | 1.34 | 1.38 | |
| 4.71 | 4.27 | 3.93 | 3.73 | 2.27 | 3.50 | 4.96 | |
| Total Liabilities | 4.98 | 5.31 | 5.28 | 8.13 | 9.18 | 23.85 | 25.86 |
| 1.46 | 1.74 | 1.68 | 2.46 | 2.85 | 7.01 | 7.37 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 3.52 | 3.57 | 3.60 | 5.67 | 6.33 | 16.84 | 18.49 | |
| Total Assets | 4.98 | 5.31 | 5.28 | 8.13 | 9.18 | 23.85 | 25.86 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 0.15 | 0.35 | 0.10 | 1.11 | 0.76 | 1.38 | |
| -0.03 | 0.01 | -0.08 | -1.03 | -0.79 | -3.45 | |
| -0.15 | -0.13 | -0.30 | -0.08 | 0.78 | 11.91 | |
| Net Cash Flow | -0.03 | 0.22 | -0.28 | 0.00 | 0.75 | 9.84 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 96.37 | 165.97 | 88.99 | 116.54 | 88.22 | 72.32 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 96.37 | 165.97 | 88.99 | 116.54 | 88.22 | 72.32 |
| Working Capital Days | -79.62 | -94.84 | -20.51 | 45.36 | 69.91 | 52.91 |
| ROCE % | 29.01% | 50.21% | 43.13% | 28.82% | 13.65% |
Documents
Announcements
-
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