Music Broadcast Ltd

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

Music Broadcast Ltd

₹ 12.1 -0.74%
21 Nov 4:00 p.m.
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 ₹ 419 Cr.
  • Current Price ₹ 12.1
  • High / Low ₹ 25.4 / 11.3
  • Stock P/E 68.3
  • Book Value ₹ 15.4
  • Dividend Yield 0.00 %
  • ROCE 3.35 %
  • ROE 1.22 %
  • Face Value ₹ 2.00
Edit ratios

Pros

  • Stock is trading at 0.78 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of -0.03% over last 3 years.
  • Earnings include an other income of Rs.24.8 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.

Peer comparison

Sector: Entertainment Industry: Entertainment / Electronic Media Software

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
42.04 59.89 46.02 44.14 48.64 54.67 51.41 53.03 52.44 60.44 62.63 59.60 54.83
37.47 42.11 44.13 39.88 44.58 45.33 45.99 45.96 46.06 50.95 52.42 50.36 51.80
Operating Profit 4.57 17.78 1.89 4.26 4.06 9.34 5.42 7.07 6.38 9.49 10.21 9.24 3.03
OPM % 10.87% 29.69% 4.11% 9.65% 8.35% 17.08% 10.54% 13.33% 12.17% 15.70% 16.30% 15.50% 5.53%
4.79 3.88 4.25 4.50 4.83 5.21 5.17 5.65 5.71 5.81 5.91 6.62 6.49
Interest 0.66 0.66 0.65 0.53 0.51 0.53 2.35 2.40 2.47 2.44 2.58 2.83 2.86
Depreciation 8.20 8.20 8.16 8.21 8.23 8.18 8.17 8.23 8.28 8.42 8.50 8.53 8.63
Profit before tax 0.50 12.80 -2.67 0.02 0.15 5.84 0.07 2.09 1.34 4.44 5.04 4.50 -1.97
Tax % 40.00% 29.69% -22.85% 0.00% 26.67% 29.97% 1,200.00% 54.55% 72.39% 42.12% 41.07% 42.89% 1.02%
0.29 9.01 -2.06 0.01 0.10 4.09 -0.77 0.94 0.37 2.57 2.97 2.58 -1.99
EPS in Rs 0.01 0.26 -0.06 0.00 0.00 0.12 -0.02 0.03 0.01 0.07 0.09 0.07 -0.06
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
138 154 201 225 271 298 325 248 128 168 199 229 238
104 112 139 149 180 201 212 191 139 157 176 195 206
Operating Profit 34 42 62 77 91 97 113 57 -11 11 23 33 32
OPM % 24% 27% 31% 34% 34% 33% 35% 23% -9% 7% 12% 15% 13%
2 3 7 2 4 19 15 16 15 17 20 23 25
Interest 5 6 6 21 19 15 6 10 3 3 4 10 11
Depreciation 20 15 16 17 20 26 27 35 33 33 33 33 34
Profit before tax 12 24 47 42 57 75 96 29 -33 -8 6 13 12
Tax % 0% 0% 0% 34% 36% 31% 36% 2% -26% -25% 43% 47%
12 24 47 28 37 52 62 28 -24 -6 3 7 6
EPS in Rs 0.44 0.93 1.80 1.05 1.03 1.45 1.78 0.82 -0.70 -0.16 0.10 0.20 0.17
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: -7%
3 Years: 21%
TTM: 12%
Compounded Profit Growth
10 Years: -12%
5 Years: -35%
3 Years: 31%
TTM: 32%
Stock Price CAGR
10 Years: %
5 Years: -13%
3 Years: -20%
1 Year: -20%
Return on Equity
10 Years: 5%
5 Years: 0%
3 Years: 0%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 39 39 39 42 57 57 55 69 69 69 69 69 69
Reserves -53 -28 19 168 491 543 548 563 541 534 456 463 463
149 128 285 223 150 50 74 22 23 19 98 106 123
36 31 55 57 63 49 53 34 23 31 33 42 37
Total Liabilities 171 170 398 490 761 699 731 688 657 654 656 681 692
42 32 19 230 312 297 310 309 283 255 233 219 221
CWIP 1 0 0 66 0 0 0 0 0 0 0 1 0
Investments 0 0 0 15 27 156 172 208 202 219 220 247 305
127 138 379 179 423 246 249 170 172 180 203 213 166
Total Assets 171 170 398 490 761 699 731 688 657 654 656 681 692

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
34 36 65 61 79 40 86 49 5 23 31 27
-2 -5 -201 -60 -211 3 -44 32 4 -18 -24 -16
-27 -26 160 -32 205 -116 -40 -89 -7 -7 -8 -8
Net Cash Flow 6 6 24 -31 73 -72 2 -7 2 -2 -1 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 171 149 140 123 110 135 141 156 221 164 121 117
Inventory Days
Days Payable
Cash Conversion Cycle 171 149 140 123 110 135 141 156 221 164 121 117
Working Capital Days 99 57 436 -9 -71 107 45 144 224 153 174 133
ROCE % 12% 22% 22% 19% 13% 12% 14% 4% -5% -1% 1% 3%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.05% 74.05% 74.05% 74.05% 74.05% 74.05% 74.05% 74.05% 74.05% 74.05% 74.05% 74.05%
0.14% 0.16% 0.13% 0.14% 0.09% 0.00% 0.00% 0.00% 0.04% 0.28% 0.03% 0.03%
5.47% 5.47% 5.47% 5.47% 5.47% 5.06% 4.90% 1.40% 0.00% 0.00% 0.00% 0.00%
20.34% 20.31% 20.35% 20.34% 20.40% 20.89% 21.06% 24.55% 25.91% 25.67% 25.92% 25.91%
No. of Shareholders 34,11133,62033,10231,50530,11632,64632,93334,80643,74253,69852,26751,881

* 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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