Music Broadcast Ltd. (RADIOCITY) AI Stock Analysis

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Music Broadcast Ltd.

(NSE:RADIOCITY)

Select Model

Rating:49Neutral

Price Target:INR 6.00▲(1.18% Upside)

Action:reiterated

Date:10/25/26

The overall score is weighed down most by recent losses, revenue contraction, bearish technical positioning, and a negative P/E ratio. Low leverage and improved cash generation provide meaningful resilience but are insufficient to offset the weak earnings and valuation profile.

Positive Factors

Conservative leverageVery low leverage gives Music Broadcast greater financial resilience and reduces the burden of interest and refinancing obligations. The improved debt-to-equity position preserves flexibility to fund operations, manage downturns, and support future investment even while profitability remains weak.

Negative Factors

Revenue contractionThe material revenue decline signals weaker demand or monetization across the company’s advertising-led business and reduces operating leverage. Continued contraction would make it harder to absorb fixed content and network costs, weakening the durability of future earnings recovery.

Music Broadcast Ltd. (RADIOCITY) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 2.07B
Dividend Yield: ―
Average Volume (3M): 6,459
Price to Earnings (P/E): -7.3
Beta (1Y): 0.94
Revenue Growth: -16.62%
EPS Growth: 34.76%
Country: India
Employees: 334
Sector: General
Sector Strength: 55
Industry: Broadcasting

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 arr...

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-bound...

Music Broadcast Ltd. Financial Statement Overview

Summary

Financial performance is mixed: severe recent revenue and earnings deterioration is offset by a conservative balance sheet and stronger operating and free cash flow. The score reflects the income statement weakness despite balance-sheet resilience and improved cash generation.

Income Statement

38Negative

Balance Sheet

76Positive

Cash Flow

71Positive

Financial statement breakdown
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	368.47M	44.34M	182.84M	205.79M	195.27M
Operating Cash Flow	0	418.32M	166.08M	273.18M	304.84M	227.35M
Investing Cash Flow	0	645.39M	-94.71M	-162.84M	-237.87M	-176.14M
Financing Cash Flow	0	-1.11B	-74.39M	-80.61M	-79.09M	-73.76M

Music Broadcast Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price5.93

Price Trends

50DMA5.84Positive

100DMA6.13Negative

200DMA6.06Negative

Market Momentum

MACD-0.02Negative

RSI60.11Neutral

STOCH50.92Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RADIOCITY, the sentiment is Positive. The current price of 5.93 is above the 20-day moving average (MA) of 5.54, above the 50-day MA of 5.84, and below the 200-day MA of 6.06, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 60.11 is Neutral, neither overbought nor oversold. The STOCH value of 50.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RADIOCITY.

Music Broadcast Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:RADIOCITY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:ENIL	54Neutral	INR 4.00B	-44.08	―	2.36%	-6.56%	-177.15%
IN:ZEEMEDIA	52Neutral	INR 4.75B	-368.00	―	―	22.18%	99.00%
IN:TVTODAY	50Neutral	INR 6.23B	23.20	―	2.87%	-5.08%	32.79%
IN:RADIOCITY	49Neutral	INR 2.03B	-7.30	―	―	-16.62%	34.76%
IN:BAGFILMS	47Neutral	INR 884.75M	12.92	―	―	11.10%	-24.79%
IN:NEXTMEDIA	41Neutral	INR 207.37M	-3.85	―	―	-100.00%	-107.24%

* General Sector Average

Performance Comparison

IN:RADIOCITY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:RADIOCITY	Music Broadcast Ltd.	5.93	-0.90	-13.18%
IN:BAGFILMS	B.A.G. Films & Media Ltd.	4.08	-2.72	-40.00%
IN:ENIL	Entertainment Network (India) Limited	83.00	-46.82	-36.06%
IN:NEXTMEDIA	Next Mediaworks Limited	3.06	-3.44	-52.92%
IN:TVTODAY	TV Today Network Ltd.	103.67	-35.98	-25.76%
IN:ZEEMEDIA	Zee Media Corp. Ltd.	7.36	-2.04	-21.70%

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 accessibl...

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.

Date of analysis: Oct 24, 2026

Music Broadcast Ltd. AI Stock Analysis