BSE:540366

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Music Broadcast

Executive Summary

Music Broadcast Limited owns and operates FM radio stations under the Radio City brand name. More Details


Snowflake Analysis

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.


Market Performance


7 Day Return

22.2%

540366

-0.6%

IN Media

-1.1%

IN Market


1 Year Return

-14.1%

540366

-7.6%

IN Media

-1.4%

IN Market

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.


Shareholder returns

540366IndustryMarket
7 Day22.2%-0.6%-1.1%
30 Day16.0%-7.9%2.0%
90 Day40.8%12.9%6.4%
1 Year-14.1%-14.1%-5.4%-7.6%0.4%-1.4%
3 Year-64.9%-64.9%-57.9%-59.5%-3.9%-8.6%
5 Yearn/a-45.7%-48.3%38.9%28.5%

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

Valuation

Is Music Broadcast undervalued compared to its fair value and its price relative to the market?

1.23x

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).


Next Steps

Future Growth

How is Music Broadcast forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

30.3%

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.


Next Steps

Past Performance

How has Music Broadcast performed over the past 5 years?

-7.0%

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.


Next Steps

Financial Health

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.


Balance Sheet


Next Steps

Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average board tenure


CEO

Ashit Kukian

2.08yrs

Tenure

₹12,978,000

Compensation

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.


Board Members

NamePositionTenureCompensationOwnership
Apurva Purohit
Non-Executive Director6.17yrsno data1.17%
₹ 86.7m
Shailesh Gupta
Non-Executive Director1.75yrsno datano data
Madhukar Kamath
Non-Executive Independent Director3.42yrs₹240.00kno data
Anuj Puri
Non-Executive Independent Director4.42yrs₹300.00kno data
Vijay Tandon
Independent Non-Executive Chairman3.92yrs₹300.00kno data
Rahul Gupta
Non-Executive Director5.08yrsno datano data
Anita Nayyar
Additional Woman Independent Director0.75yr₹50.00kno data

3.9yrs

Average Tenure

54yo

Average Age

Experienced Board: 540366's board of directors are considered experienced (3.9 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Music Broadcast Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Music Broadcast Limited
  • RNA Corporate Park
  • 5th Floor
  • Mumbai
  • Maharashtra
  • 400051
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
540366BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 2017
RADIOCITYNSEI (National Stock Exchange of India)YesEquity SharesININRMar 2017

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 12:46
End of Day Share Price2020/10/29 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.