Music Broadcast Ltd. (IN:RADIOCITY)
:RADIOCITY
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Music Broadcast Ltd.
(RADIOCITY)
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Rating:62Neutral
Price Target:
₹7.00
▲(5.11% Upside)
Action:Reiterated
Date:04/09/26
The score is driven primarily by mixed financial performance: a strong, low-leverage balance sheet is offset by negative profitability and weakening free cash flow growth. Technicals are moderately constructive in the short-to-medium term but still below the 200-day average with momentum looking stretched. Valuation appears middling based on the provided P/E, with no dividend yield data to add support.
Positive Factors
Balance Sheet Strength
Very low leverage and a high equity ratio provide durable financial flexibility. This cushioning helps the company absorb advertising cycles, fund digital initiatives or content investments without heavy borrowing, and preserves strategic optionality over the next 2-6 months.
Negative Factors
Negative Return on Equity
A negative ROE indicates the company is not generating returns on shareholder capital, eroding equity value. Persisting negative ROE constrains reinvestment, weakens investor confidence and may limit access to growth capital or strategic transactions over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Very low leverage and a high equity ratio provide durable financial flexibility. This cushioning helps the company absorb advertising cycles, fund digital initiatives or content investments without heavy borrowing, and preserves strategic optionality over the next 2-6 months.
Read all positive factors
Music Broadcast Ltd. (RADIOCITY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.15B
Dividend YieldN/A
Average Volume (3M)11.56K
Price to Earnings (P/E)15.8
Beta (1Y)1.05
Revenue Growth-22.33%
EPS Growth-705.84%
CountryIN
Employees479
SectorCommunication Services
Sector Strength97
IndustryBroadcasting
Share Statistics
EPS (TTM)-1.26
Shares Outstanding345,685,640
10 Day Avg. Volume8,394
30 Day Avg. Volume11,561
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.65
Price to Sales (P/S)1.37
P/FCF Ratio72.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Music Broadcast Ltd. Business Overview & Revenue Model
Company Description
Music Broadcast Limited owns and operates FM radio stations under the Radio City brand name. Its radio stations deliver regional, music, and entertainment content. The company operates 28 radio stations in 39 cities in India. It operates the onlin...
How the Company Makes Money
Music Broadcast Ltd. primarily makes money by monetizing its Radio City FM network through advertising-led revenue. Key revenue streams include: (1) On-air advertising sales: selling commercial airtime to national and local advertisers, typically ...
Music Broadcast Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
70
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.07B | 2.34B | 2.29B | 1.99B | 1.68B | 1.28B |
| Gross Profit | 1.21B | 893.60M | 1.05B | 752.19M | 254.15M | 595.00M |
| EBITDA | 163.83M | 126.37M | 562.30M | 427.71M | 278.24M | 36.95M |
| Net Income | -434.75M | -338.37M | 68.44M | 34.40M | -57.01M | -241.89M |
Balance Sheet | ||||||
| Total Assets | 6.58B | 6.65B | 6.81B | 6.56B | 6.54B | 6.57B |
| Cash, Cash Equivalents and Short-Term Investments | 1.77B | 1.53B | 741.08M | 525.58M | 344.01M | 1.85B |
| Total Debt | 1.33B | 1.26B | 1.06B | 983.29M | 194.50M | 234.29M |
| Total Liabilities | 1.68B | 1.67B | 1.49B | 1.31B | 504.71M | 469.06M |
| Stockholders Equity | 4.89B | 4.98B | 5.32B | 5.25B | 6.04B | 6.10B |
Cash Flow | ||||||
| Free Cash Flow | 33.27M | 44.34M | 182.84M | 205.79M | 195.27M | 52.28M |
| Operating Cash Flow | 73.69M | 166.08M | 273.18M | 304.84M | 227.35M | 54.51M |
| Investing Cash Flow | -90.74M | -94.71M | -162.84M | -237.87M | -176.14M | 38.35M |
| Financing Cash Flow | -36.99M | -74.39M | -80.61M | -79.09M | -73.76M | -70.06M |
Music Broadcast Ltd. Technical Analysis
Negative
6.66
Price Trends
5.85
Positive
6.09
Negative
7.02
Negative
Market Momentum
0.03
Positive
47.45
Neutral
60.49
Neutral
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 6.66 is above the 20-day moving average (MA) of 6.10, above the 50-day MA of 5.85, and below the 200-day MA of 7.02, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 47.45 is Neutral, neither overbought nor oversold. The STOCH value of 60.49 is Neutral, 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
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹2.15B | 15.77 | ― | ― | -22.33% | -705.84% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | ₹6.61B | -1,506.21 | ― | 2.22% | -19.31% | -80.89% | |
55 Neutral | ₹5.35B | -21.57 | ― | 1.77% | 3.86% | -166.44% | |
51 Neutral | ₹969.80M | 44.51 | ― | ― | 10.87% | 85.38% | |
51 Neutral | ₹4.85B | 2.64 | ― | ― | 17.38% | 90.66% | |
41 Neutral | ₹278.27M | -9.73 | ― | ― | -92.38% | ― |
* Communication Services Sector Average
IN:RADIOCITY
Music Broadcast Ltd.
6.14
-3.32
-35.10%
IN:BAGFILMS
B.A.G. Films & Media Ltd.
5.09
-1.64
-24.37%
IN:ENIL
Entertainment Network (India) Limited
111.50
-34.98
-23.88%
IN:NEXTMEDIA
Next Mediaworks Limited
4.25
-2.78
-39.54%
IN:TVTODAY
TV Today Network Ltd.
109.60
-63.15
-36.56%
IN:ZEEMEDIA
Zee Media Corp. Ltd.
8.10
-6.40
-44.14%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.