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Music Broadcast Ltd.
(RADIOCITY)
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Rating:49Neutral
Price Target:
₹5.00
▼(-28.47% Downside)
Action:Reiterated
Date:10/25/26
The score is held back primarily by weak profitability and revenue decline, reinforced by bearish technicals (below key moving averages with negative MACD). Offsetting factors include a low-leverage balance sheet and a sharp improvement in operating/free cash flow, but negative earnings and lack of dividend data limit valuation support.
Positive Factors
Low Leverage
Very low leverage gives Music Broadcast greater financial flexibility while profitability is under pressure. A substantial equity base and limited debt burden can reduce financing strain, preserve cash for operations, and support resilience through the next several quarters.
Negative Factors
Revenue Decline
A material revenue contraction weakens the scale benefits of a radio advertising business and can reduce monetization across its network. Continued top-line pressure would limit operating leverage, constrain investment in content and reach, and make a durable earnings recovery harder.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage gives Music Broadcast greater financial flexibility while profitability is under pressure. A substantial equity base and limited debt burden can reduce financing strain, preserve cash for operations, and support resilience through the next several quarters.
Read all positive factors
Music Broadcast Ltd. (RADIOCITY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.90B
Dividend YieldN/A
Average Volume (3M)5.77K
Price to Earnings (P/E)―
Beta (1Y)1.03
Revenue Growth-16.62%
EPS Growth34.76%
CountryIN
Employees334
SectorGeneral
Sector StrengthN/A
IndustryBroadcasting
Share Statistics
EPS (TTM)-0.82
Shares Outstanding345,685,640
10 Day Avg. Volume7,046
30 Day Avg. Volume5,774
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.36
Price to Sales (P/S)0.93
P/FCF Ratio4.38
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
Established in 1999 and headquartered in Mumbai, India, Music Broadcast Limited is responsible for the ownership and operation of FM radio stations across the nation. These stations, operating under the popular Radio City brand, deliver a diverse ...
How the Company Makes Money
Music Broadcast Ltd. primarily generates revenue by selling advertising and sponsorship inventory across its FM radio network and associated platforms. Key revenue streams typically include: (1) On-air advertising spots: Brands pay to run time-bou...
Music Broadcast Ltd. Financial Statement Overview
Summary
Income Statement
33
Negative
Balance Sheet
74
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.73B | 1.74B | 2.34B | 2.29B | 1.99B | 1.68B |
| Gross Profit | 804.43M | 671.65M | 893.60M | 1.05B | 752.19M | 254.15M |
| EBITDA | -37.15M | -176.76M | 126.37M | 562.30M | 427.71M | 278.24M |
| Net Income | -283.65M | -533.24M | -338.37M | 68.44M | 34.40M | -57.01M |
Balance Sheet | ||||||
| Total Assets | 5.10B | 4.96B | 6.65B | 6.81B | 6.56B | 6.54B |
| Cash, Cash Equivalents and Short-Term Investments | 1.40B | 1.02B | 1.53B | 741.08M | 525.58M | 344.01M |
| Total Debt | 168.96M | 236.38M | 1.26B | 1.06B | 983.29M | 194.50M |
| Total Liabilities | 489.14M | 505.76M | 1.67B | 1.49B | 1.31B | 504.71M |
| Stockholders Equity | 4.61B | 4.45B | 4.98B | 5.32B | 5.25B | 6.04B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 368.47M | 44.34M | 182.84M | 205.79M | 195.27M |
| Operating Cash Flow | 0.00 | 418.32M | 166.08M | 273.18M | 304.84M | 227.35M |
| Investing Cash Flow | 0.00 | 645.39M | -94.71M | -162.84M | -237.87M | -176.14M |
| Financing Cash Flow | 0.00 | -1.11B | -74.39M | -80.61M | -79.09M | -73.76M |
Music Broadcast Ltd. Technical Analysis
Negative
6.99
Price Trends
6.05
Negative
6.19
Negative
6.11
Negative
Market Momentum
-0.19
Positive
42.18
Neutral
42.18
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 6.99 is above the 20-day moving average (MA) of 5.67, above the 50-day MA of 6.05, and above the 200-day MA of 6.11, indicating a bearish trend. The MACD of -0.19 indicates Positive momentum. The RSI at 42.18 is Neutral, neither overbought nor oversold. The STOCH value of 42.18 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | ₹832.45M | 12.81 | ― | ― | 13.13% | -33.53% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹3.98B | -47.24 | ― | 2.35% | 2.62% | -171.14% | |
53 Neutral | ₹4.61B | -352.00 | ― | 0.65% | 22.18% | 99.00% | |
52 Neutral | ₹6.02B | 35.37 | ― | 2.97% | -7.90% | -43.74% | |
49 Neutral | ₹1.90B | -6.50 | ― | ― | -16.62% | 34.76% | |
41 Neutral | ₹225.43M | -4.47 | ― | ― | -100.00% | -107.46% |
* General Sector Average
IN:RADIOCITY
Music Broadcast Ltd.
5.31
-2.70
-33.71%
IN:BAGFILMS
B.A.G. Films & Media Ltd.
3.75
-3.25
-46.43%
IN:ENIL
Entertainment Network (India) Limited
83.20
-46.28
-35.74%
IN:NEXTMEDIA
Next Mediaworks Limited
3.33
-3.42
-50.67%
IN:TVTODAY
TV Today Network Ltd.
98.00
-48.25
-32.99%
IN:ZEEMEDIA
Zee Media Corp. Ltd.
6.84
-3.17
-31.67%
Music Broadcast Ltd. Corporate Events
Music Broadcast schedules analyst call on Q2 FY27 results
Oct 21, 2026
Music Broadcast Limited has scheduled an earnings conference call to discuss its financial performance for the second quarter ended September 30, 2026. The call will be held on Tuesday, October 27, 2026, at 12:00 noon India time and will be access...
Music Broadcast sets September 2 virtual AGM, moves to fully digital shareholder engagement
Jul 31, 2026
Music Broadcast Limited has announced that its 27th Annual General Meeting will be held on September 2, 2026, at 1:00 p.m. IST via video conferencing and other audio-visual means, in line with Companies Act and SEBI listing regulations that permit...
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.