Music Broadcast Limited owns and operates FM radio stations under the Radio City brand name. More Details
Flawless balance sheet and overvalued.
Share Price & News
How has Music Broadcast's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 540366's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 540366 underperformed the Indian Media industry which returned -7.6% over the past year.
Return vs Market: 540366 underperformed the Indian Market which returned -1.4% over the past year.
Price Volatility Vs. Market
How volatile is Music Broadcast's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Is Music Broadcast undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: 540366 (₹21.75) is trading above our estimate of fair value (₹7.83)
Significantly Below Fair Value: 540366 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 540366 is unprofitable, so we can't compare its PE Ratio to the IN Media industry average.
PE vs Market: 540366 is unprofitable, so we can't compare its PE Ratio to the Indian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 540366's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 540366 is good value based on its PB Ratio (1.2x) compared to the IN Media industry average (1.4x).
How is Music Broadcast forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Media industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Music Broadcast has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Music Broadcast's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Music Broadcast competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Media industry.
How has Music Broadcast performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 540366 is currently unprofitable.
Growing Profit Margin: 540366 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 540366 is unprofitable, and losses have increased over the past 5 years at a rate of 7% per year.
Accelerating Growth: Unable to compare 540366's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 540366 is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (-29.2%).
Return on Equity
High ROE: 540366 has a negative Return on Equity (-3.12%), as it is currently unprofitable.
How is Music Broadcast's financial position?
Financial Position Analysis
Short Term Liabilities: 540366's short term assets (₹3.0B) exceed its short term liabilities (₹437.5M).
Long Term Liabilities: 540366's short term assets (₹3.0B) exceed its long term liabilities (₹206.0M).
Debt to Equity History and Analysis
Debt Level: 540366 is debt free.
Reducing Debt: 540366 has no debt compared to 5 years ago when its debt to equity ratio was 245.9%.
Debt Coverage: 540366 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 540366 has no debt, therefore coverage of interest payments is not a concern.
What is Music Broadcast current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 540366's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 540366's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 540366's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 540366's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 540366's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Ashit Kukian serves as the Chief Executive Officer of Music Broadcast Limited since September 12, 2018. Mr. Kukian serves as President of Revenue at Times Television. He interacts closely with the Cont ...
CEO Compensation Analysis
Compensation vs Market: Ashit's total compensation ($USD174.91K) is above average for companies of similar size in the Indian market ($USD54.58K).
Compensation vs Earnings: Ashit's compensation has increased whilst the company is unprofitable.
|Non-Executive Director||6.17yrs||no data||1.17% |
|Non-Executive Director||1.75yrs||no data||no data|
|Non-Executive Independent Director||3.42yrs||₹240.00k||no data|
|Non-Executive Independent Director||4.42yrs||₹300.00k||no data|
|Independent Non-Executive Chairman||3.92yrs||₹300.00k||no data|
|Non-Executive Director||5.08yrs||no data||no data|
|Additional Woman Independent Director||0.75yr||₹50.00k||no data|
Experienced Board: 540366's board of directors are considered experienced (3.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 540366 insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Music Broadcast Limited's company bio, employee growth, exchange listings and data sources
- Name: Music Broadcast Limited
- Ticker: 540366
- Exchange: BSE
- Founded: 1999
- Industry: Broadcasting
- Sector: Media
- Market Cap: ₹7.380b
- Shares outstanding: 345.69m
- Website: https://www.radiocity.in
Number of Employees
- Music Broadcast Limited
- RNA Corporate Park
- 5th Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|540366||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Mar 2017|
|RADIOCITY||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Mar 2017|
Music Broadcast Limited owns and operates FM radio stations under the Radio City brand name. Its radio stations deliver film, non-film, devotional, regional, and international music. The company operates 2 ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/29 12:46|
|End of Day Share Price||2020/10/29 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.