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Swing Capital

Music Broadcast Ltd

NSE: RADIOCITY BSE: 540366Media

Incorporated in 1999, Music Broadcast Ltd is in the business of operating Private FM radio stations through the brand Radio City[1]

₹6.1
52W: ₹4.35 — ₹11.5
PE 0 · Book ₹14.2 · -57% vs book
Market Cap₹211 Cr
Stock P/E—Price to Earnings
ROCE4.9%Return on Capital
ROE6.74%Return on Equity
Div. Yield0%Face Value ₹2

Strengths

  • +Stock is trading at 0.43 times its book value
  • +Market value of investments Rs.312 Cr. is more than the Market Cap Rs.212 Cr.

Weaknesses

  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of -1.10% over past five years.
  • −Company has a low return on equity of -1.61% over last 3 years.

Shareholding Pattern

Promoters74.05%
FIIs0%
DIIs3.75%
Public22.2%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.05%74.05%74.05%74.05%74.05%74.05%74.05%74.05%
FIIs0.03%0.03%0.01%▼0.00.01%0%▼0.00%0%0%
DIIs0%0%0.01%▲0.00.01%3.75%▲3.73.75%3.75%3.75%
Public25.92%25.91%▼0.025.91%25.93%▲0.022.2%▼3.722.19%▼0.022.21%▲0.022.2%▼0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales52.4460.4462.6359.654.8365.3854.6749.3237.8446.48
Expenses46.0650.9552.4250.3651.854.54100.0748.3843.3338.88
Operating Profit6.389.4910.219.243.0310.84-45.40.94-5.497.6
OPM %12.17%15.7%16.3%15.5%5.53%16.58%-83.04%1.91%-14.51%16.35%
Net Profit0.372.572.972.58-1.993.6-38.03-2.17-6.883.68
EPS ₹0.010.070.090.07-0.060.1-1.1-0.06-0.20.11

AI Insights

Revenue Trend

TTM revenue at ₹188Cr, down 19.7% YoY. OPM at -22%.

Debt Position

Borrowings at ₹133Cr. Debt-to-equity ratio: 0.32x. Healthy balance sheet.

Institutional Flow

DIIs: 3.75% (-1.15pp change). FIIs: 0% (+0.00pp change). Promoters hold 74.05%.

Margin & Efficiency

ROCE declining from 22% (Mar 2014) to -5% (Mar 2025). Working capital days: -53.

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