Music Broadcast Ltd. (RADIOCITY) AI Stock Analysis

• Market Cap: ₹2.89B
• Dividend Yield: N/A
• Average Volume (3M): 28.59K
• Price to Earnings (P/E): 52.3
• Beta (1Y): 1.19
• Revenue Growth: -4.64%
• EPS Growth: -554.70%
• Country: IN
• Employees: 479
• Sector: Services
• Sector Strength: N/A
• Industry: Broadcasting
• EPS (TTM): -0.06
• Shares Outstanding: 345,685,640
• 10 Day Avg. Volume: 22,836
• 30 Day Avg. Volume: 28,591
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹9.50
• Price Target Upside: 13.77% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 54 Neutral
• Price Target: ₹9.50 ▲(13.77% Upside)

The overall stock score of Music Broadcast Ltd. is primarily influenced by its mixed financial performance and challenging valuation. The company's strong balance sheet with low leverage is offset by profitability concerns and negative free cash flow growth. Technical analysis indicates some short-term positive momentum but lacks strong conviction. The negative P/E ratio is a major detractor, highlighting unprofitability, with no dividend yield to appeal to income-focused investors.

Music Broadcast Ltd. Business Overview & Revenue Model

Company Description

Music Broadcast Ltd., popularly known as Radio City, is a leading radio network in India. It operates under the media and entertainment sector, providing FM radio broadcasting services across several major cities in India. The company offers a mix of music, talk shows, and entertainment content, catering to a diverse audience with a focus on regional languages and local culture.

How the Company Makes Money

Music Broadcast Ltd. generates revenue primarily through advertising sales, which constitute the majority of its income. By leveraging its extensive listener base across multiple cities, the company attracts advertisers seeking to reach a wide and diverse audience. Revenue streams include spot ads, sponsored shows, and branded content. Additionally, strategic partnerships with event organizers and promotional campaigns contribute to its earnings. The company’s ability to engage listeners with localized content and popular music also enhances its attractiveness to advertisers, further boosting its financial performance.

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	2.34B	2.34B	2.29B	1.99B	1.68B	1.28B
Gross Profit	1.36B	1.36B	1.05B	752.19M	254.15M	959.97M
EBITDA	324.57M	126.37M	562.30M	422.76M	278.24M	36.95M
Net Income	-338.37M	-338.37M	68.44M	34.40M	-57.01M	-241.89M
Balance Sheet
Total Assets	6.65B	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	1.26B	1.26B	1.06B	983.29M	194.50M	234.29M
Total Liabilities	1.67B	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: 8.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• 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 8.35 is below the 20-day moving average (MA) of 8.89, below the 50-day MA of 9.04, and below the 200-day MA of 10.67, indicating a bearish trend. The MACD of -0.20 indicates Positive momentum. The RSI at 22.57 is Positive, neither overbought nor oversold. The STOCH value of 8.64 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
Sector *	63 Neutral	kr27.06B	8.15	-7.45%	3.62%	6.12%	-105.14%
RADIOCITY	54 Neutral	₹2.89B	52.27		―	-4.64%	-554.70%
SAMBHAAV	49 Neutral	₹1.27B	377.14		―	-1.16%	-85.54%
CINEVISTA	41 Neutral	₹993.08M	―		―	3385.07%	-363.24%
NEXTMEDIA	39 Underperform	₹420.76M	0.62		―	-45.78%	―