Music Broadcast Ltd. (RADIOCITY) AI Stock Analysis

• Market Cap: ₹2.26B
• Dividend Yield: N/A
• Average Volume (3M): 11.56K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.84
• Revenue Growth: -12.75%
• EPS Growth: -809.36%
• Country: IN
• Employees: 479
• Sector: Services
• Sector Strength: N/A
• Industry: Broadcasting
• EPS (TTM): -0.20
• Shares Outstanding: 345,685,640
• 10 Day Avg. Volume: 8,394
• 30 Day Avg. Volume: 11,561
• PEG Ratio: 0.02
• Price to Book (P/B): 0.65
• Price to Sales (P/S): 1.37
• P/FCF Ratio: 72.65
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: ₹7.50 ▲(14.50% Upside)

Music Broadcast Ltd. faces significant challenges, primarily due to its financial performance and technical indicators. The company's profitability issues and negative cash flow growth weigh heavily on its financial score. Technical analysis indicates bearish momentum, with the stock trading below key moving averages and showing oversold conditions. Valuation metrics are also unfavorable, with a negative P/E ratio and no dividend yield. These factors combine to result in a below-average overall stock score.

Positive Factors

Balance Sheet Strength

A strong equity ratio indicates a solid financial foundation, providing stability and resilience against economic fluctuations.

Operational Efficiency

Improved gross profit margins reflect enhanced operational efficiency, which can support long-term profitability and competitive positioning.

Cash Generation Improvement

Better cash generation relative to earnings suggests improved cash flow management, crucial for sustaining operations and funding growth.

Negative Factors

Profitability Challenges

Negative net profit margins highlight ongoing profitability issues, which could hinder reinvestment and shareholder returns over time.

Free Cash Flow Decline

Declining free cash flow limits the company's ability to invest in growth opportunities and manage financial obligations effectively.

Negative Return on Equity

Negative ROE indicates inefficiencies in generating returns for shareholders, which may affect investor confidence and capital attraction.

Music Broadcast Ltd. Business Overview & Revenue Model

Company Description

Music Broadcast Ltd. (RADIOCITY) is a leading player in the Indian radio broadcasting sector, specializing in FM radio services. The company operates multiple radio stations across various cities, offering a diverse range of music genres, entertainment programs, and informative content. With a strong focus on local engagement, RADIOCITY aims to connect with its audience through innovative programming and community-driven initiatives, making it a prominent name in the Indian media landscape.

How the Company Makes Money

Music Broadcast Ltd. generates revenue primarily through advertising sales, which constitutes the majority of its income. Advertisers purchase airtime on the radio stations to reach a targeted audience, and the company designs various advertising packages to accommodate different client needs, including spot advertisements, sponsorships, and branded content. In addition to traditional advertising, RADIOCITY also monetizes its digital platforms through online streaming services and social media engagement, attracting digital advertisers. Partnerships with brands for promotional events and contests further enhance its revenue streams. Additionally, the company may benefit from collaborations with music labels and artists, providing opportunities for exclusive content and promotional activities that can draw in more listeners and advertisers.

Music Broadcast Ltd. Financial Statement Overview

Summary

Music Broadcast Ltd. presents a mixed financial picture. The income statement shows operational efficiency but struggles with profitability, as indicated by negative margins. The balance sheet remains a strong point with low leverage and a high equity ratio, although the company needs to improve its return on equity. Cash flow analysis reveals challenges in free cash flow growth, although there are signs of better cash generation relative to earnings. The company should focus on enhancing profitability and cash flow generation to strengthen its financial position further.

Income Statement

Music Broadcast Ltd. has shown a mixed performance in its income statement. The gross profit margin improved to 57.85% in 2025, indicating better cost management. However, the net profit margin has turned negative at -14.44% in 2025, showing a decline in profitability. Revenue growth rate from 2024 to 2025 is 2.60%, which is modest. The EBIT margin improved significantly to 57.85% in 2025 from a low 1.30% in 2024, but the EBITDA margin saw a sharp decline to 5.39% in 2025. Overall, while there are signs of operational efficiency, profitability remains a concern.

Balance Sheet

The balance sheet of Music Broadcast Ltd. is relatively strong with an equity ratio of 74.83% as of 2025, indicating a solid financial foundation. The debt-to-equity ratio remains low at 0.25, reflecting conservative leverage. However, the return on equity has turned negative at -6.80% in 2025 due to a net loss, suggesting inefficiencies in generating returns for shareholders. Overall, the balance sheet showcases stability with low leverage but highlights the need for improved profitability.

Cash Flow

The cash flow situation for Music Broadcast Ltd. shows some challenges. The free cash flow growth rate from 2024 to 2025 is negative, falling by 74.80%, which may impact future investments. The operating cash flow to net income ratio improved to -0.49 in 2025, indicating better cash generation relative to earnings. The free cash flow to net income ratio is also negative at -0.13, reflecting cash flow challenges. Overall, while there is some improvement in cash flow management, declining free cash flow growth is a concern.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.24B	2.34B	2.29B	1.99B	1.68B	1.28B
Gross Profit	1.18B	893.60M	1.05B	752.19M	254.15M	595.00M
EBITDA	245.49M	126.37M	562.30M	427.71M	278.24M	36.95M
Net Income	-385.90M	-338.37M	68.44M	34.40M	-57.01M	-241.89M
Balance Sheet
Total Assets	0.00	6.65B	6.81B	6.56B	6.54B	6.57B
Cash, Cash Equivalents and Short-Term Investments	1.53B	1.53B	741.08M	525.58M	344.01M	1.85B
Total Debt	0.00	1.26B	1.06B	983.29M	194.50M	234.29M
Total Liabilities	-4.98B	1.67B	1.49B	1.31B	504.71M	469.06M
Stockholders Equity	4.98B	4.98B	5.32B	5.25B	6.04B	6.10B
Cash Flow
Free Cash Flow	0.00	44.34M	182.84M	205.79M	195.27M	52.28M
Operating Cash Flow	0.00	166.08M	273.18M	304.84M	227.35M	54.51M
Investing Cash Flow	0.00	-94.71M	-162.84M	-237.87M	-176.14M	38.35M
Financing Cash Flow	0.00	-74.39M	-80.61M	-79.09M	-73.76M	-70.06M

Music Broadcast Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RADIOCITY, the sentiment is Negative. The current price of 6.55 is below the 20-day moving average (MA) of 6.57, below the 50-day MA of 7.22, and below the 200-day MA of 8.67, indicating a bearish trend. The MACD of -0.19 indicates Negative momentum. The RSI at 43.56 is Neutral, neither overbought nor oversold. The STOCH value of 11.57 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RADIOCITY.

Music Broadcast Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SAMBHAAV	58 Neutral	₹1.85B	-46,600.00	―	―	-4.53%	-100.15%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
RADIOCITY	49 Neutral	₹2.26B	-5.22	―	―	-12.75%	-809.36%
NEXTMEDIA	46 Neutral	₹406.04M	0.60	―	―	-67.89%	―
CINEVISTA	43 Neutral	₹848.91M	-3.57	―	―	37558.79%	-267.29%

Music Broadcast Ltd. Corporate Events

Music Broadcast Ltd. Announces Trading Window Closure

Music Broadcast Limited has announced the closure of its trading window for designated persons and their immediate relatives, effective from October 1, 2025, until 48 hours after the release of its unaudited financial results for the quarter and six months ending September 30, 2025. This move is in compliance with SEBI regulations to prevent insider trading, and during this period, the PAN of designated persons and their relatives will be frozen for trading in the company’s equity shares.