Radaan Mediaworks (I) Ltd. (RADAAN) AI Stock Analysis

• Market Cap: ₹155.44M
• Dividend Yield: N/A
• Average Volume (3M): 4.81K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.18
• Revenue Growth: -79.97%
• EPS Growth: -219.35%
• Country: IN
• Employees: 25
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Entertainment
• EPS (TTM): -0.18
• Shares Outstanding: 54,161,540
• 10 Day Avg. Volume: 4,563
• 30 Day Avg. Volume: 4,812
• PEG Ratio: -0.36
• Price to Book (P/B): -1.78
• Price to Sales (P/S): 0.89
• P/FCF Ratio: 3.89
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: ₹3.00 ▼(-11.76% Downside)
• Action: Reiterated Date: 01/14/26
• Date: Action: Reiterated 01/14/26

The score is held down primarily by high financial risk from negative equity and heavy leverage, despite improving revenue and cash flow. Technicals are neutral-to-weak with a negative MACD and price below the long-term average, and valuation is not supportive due to a negative P/E and no dividend yield data.

Positive Factors

Return to profitability

A return to a small profit and positive operating cash flow indicates the business can generate operating earnings from core activities. Over 2-6 months this improves sustainability, reduces reliance on external funding for production cycles, and creates a foundation for reinvesting in content and rights monetization.

Rising free cash flow

Significant free cash flow growth signals improving cash conversion and internal financing capacity. This bolsters the company’s ability to fund program production, preserve the content library and handle working capital seasonality without immediate external financing, strengthening long-term operational resilience.

Asset-light content production model

A focused content-production and rights-licensing model is inherently scalable and asset-light. Contracted production fees plus licensing create diversified revenue levers and recurring monetization potential from a library, supporting steady long-term cash generation if content demand and distribution persist.

Negative Factors

Negative equity and high leverage

Negative shareholders' equity and extremely high debt-to-equity materially constrain financial flexibility. Over months this increases refinancing and solvency risk, raises borrowing costs, limits ability to invest in new content, and magnifies the impact of any revenue volatility on survival.

Low, volatile margins

Sustained low and uneven margins reduce retained earnings and hinder scale economics. For a content producer this makes it harder to amortize production costs, invest in higher-quality projects, and build reserves, leaving long-term growth sensitive to small revenue or cost shocks.

Limited partner/customer disclosure

Lack of disclosed major customers or platform partnerships creates revenue visibility and concentration uncertainty. This impairs ability to assess contract backlog, negotiating leverage, and recurring revenue stability—structural weaknesses for forecasting and strategic planning over a multi-month horizon.

Radaan Mediaworks (I) Ltd. Business Overview & Revenue Model

Company Description

Radaan Mediaworks India Limited operates in the media and entertainment industry in India. The company is involved in the production of content for tele-serials/films, digital content, web series, events, game shows, etc.; distribution of films; theatrical play activities; and setting up of training courses, such as acting, dance, martial arts, yoga, etc. It produces serials in Tamil, Telugu, Malayalam, Hindi, Gujarati, and Kannada languages. Radaan Mediaworks India Limited was founded in 1994 and is based in Chennai, India.

How the Company Makes Money

RADAAN primarily makes money by producing audiovisual content for television and related distribution channels and monetizing it through contracted production arrangements and exploitation of content rights. Key revenue streams include: (1) Content/Program Production Fees: income earned from producing TV programs/serials for broadcasters or commissioning entities under production agreements (details of contract structure and pricing are null). (2) Licensing/Sale of Content Rights: revenue from licensing, syndicating, or selling broadcast and other exploitation rights for produced content (specific platforms, territories, and duration terms are null). (3) Other Media/Ancillary Income: any additional income that may arise from related media activities (e.g., monetization of library/catalog, remake/format rights, or other ancillary exploitation) is not specifically available and therefore null. Information on significant partnerships, major customers, advertising-led revenue participation, or platform-specific monetization splits is not available and therefore null.

Radaan Mediaworks (I) Ltd. Financial Statement Overview

Summary

Revenue and cash flow trends are improving, with positive operating cash flow and a return to a small profit in 2025. However, profitability remains weak (low EBIT/EBITDA margins) and the balance sheet is a major risk due to negative equity and very high leverage.

Income Statement

The company has shown a consistent increase in revenue over the last few years, indicating positive growth momentum. However, profitability remains a concern with fluctuating and low net profit margins. The company turned a small profit in 2025 after previous losses, but the EBIT and EBITDA margins remain relatively low, signaling ongoing challenges in operational efficiency.

Balance Sheet

The balance sheet reflects significant financial leverage with a negative stockholders' equity, indicating potential financial instability. The debt-to-equity ratio is extremely high, which increases financial risk. This is partially mitigated by an increase in total assets, but the negative equity and high liabilities remain critical issues.

Cash Flow

Cash flow performance has been improving, with positive operating cash flow in the most recent year. The free cash flow has also grown significantly, suggesting better cash management. However, the reliance on financing activities for cash inflow in previous years highlights potential sustainability issues regarding cash generation from operations.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	68.39M	228.71M	213.32M	124.34M	98.94M	93.61M
Gross Profit	7.26M	59.81M	57.54M	43.44M	-20.14M	-25.61M
EBITDA	-12.67M	27.73M	26.40M	7.80M	-21.15M	-45.99M
Net Income	-34.80M	3.28M	-4.51M	-16.89M	-43.42M	-73.90M
Balance Sheet
Total Assets	76.53M	291.90M	385.26M	338.52M	265.14M	287.83M
Cash, Cash Equivalents and Short-Term Investments	2.64M	8.46M	1.50M	2.06M	1.34M	2.35M
Total Debt	133.86M	293.53M	338.89M	340.56M	293.94M	242.96M
Total Liabilities	220.99M	406.12M	502.74M	456.78M	366.48M	345.74M
Stockholders Equity	-144.46M	-114.22M	-117.48M	-118.26M	-101.34M	-57.91M
Cash Flow
Free Cash Flow	-30.63M	52.33M	22.25M	-24.68M	-32.78M	-43.65M
Operating Cash Flow	-28.35M	59.87M	32.20M	-14.79M	-17.58M	-14.11M
Investing Cash Flow	191.98M	-7.54M	-459.00K	-6.82M	-14.79M	-29.54M
Financing Cash Flow	-169.46M	-45.36M	-32.31M	22.33M	31.36M	43.65M

Radaan Mediaworks (I) Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RADAAN, the sentiment is Negative. The current price of 3.4 is above the 20-day moving average (MA) of 2.98, above the 50-day MA of 3.14, and below the 200-day MA of 3.59, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 45.45 is Neutral, neither overbought nor oversold. The STOCH value of 39.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RADAAN.

Radaan Mediaworks (I) Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SAREGAMA	59 Neutral	₹65.56B	32.87	―	2.59%	26.97%	8.03%
BALAJITELE	55 Neutral	₹11.47B	-12.87	―	―	-50.42%	2921.37%
SHEMAROO	45 Neutral	₹2.68B	-1.32	―	―	-2.93%	-50.62%
RADAAN	43 Neutral	₹155.44M	-4.58	―	―	-79.97%	-219.35%
MUKTAARTS	43 Neutral	₹1.11B	-24.35	―	―	-3.03%	6.44%
EROSMEDIA	37 Underperform	₹756.76M	―	―	―	-69.51%	71.68%