Music Broadcast Limited owns and operates FM radio stations under the Radio City brand name.
Excellent 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: RADIOCITY has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: RADIOCITY underperformed the Indian Media industry which returned -18.8% over the past year.
Return vs Market: RADIOCITY underperformed the Indian Market which returned 2.6% 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
1 month ago | Simply Wall StPinning Down Music Broadcast Limited's (NSE:RADIOCITY) P/E Is Difficult Right Now
2 months ago | Simply Wall StDoes Music Broadcast's (NSE:RADIOCITY) Statutory Profit Adequately Reflect Its Underlying Profit?
3 months ago | Simply Wall StHow Does Music Broadcast's (NSE:RADIOCITY) P/E Compare To Its Industry, After The Share Price Drop?
Is Music Broadcast undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RADIOCITY (₹15.6) is trading above our estimate of fair value (₹12.97)
Significantly Below Fair Value: RADIOCITY is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RADIOCITY is poor value based on its PE Ratio (96.1x) compared to the IN Media industry average (11.3x).
PE vs Market: RADIOCITY is poor value based on its PE Ratio (96.1x) compared to the Indian market (13.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RADIOCITY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RADIOCITY is good value based on its PB Ratio (0.9x) compared to the IN Media industry average (1.2x).
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: RADIOCITY has a large one-off loss of ₹66.6M impacting its June 30 2020 financial results.
Growing Profit Margin: RADIOCITY's current net profit margins (3.1%) are lower than last year (17.8%).
Past Earnings Growth Analysis
Earnings Trend: RADIOCITY's earnings have grown by 1.5% per year over the past 5 years.
Accelerating Growth: RADIOCITY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RADIOCITY had negative earnings growth (-89.6%) over the past year, making it difficult to compare to the Media industry average (-5.7%).
Return on Equity
High ROE: RADIOCITY's Return on Equity (0.9%) is considered low.
How is Music Broadcast's financial position?
Financial Position Analysis
Short Term Liabilities: RADIOCITY's short term assets (₹3.5B) exceed its short term liabilities (₹339.3M).
Long Term Liabilities: RADIOCITY's short term assets (₹3.5B) exceed its long term liabilities (₹220.5M).
Debt to Equity History and Analysis
Debt Level: RADIOCITY's debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: RADIOCITY's debt to equity ratio has reduced from 502.1% to 0.4% over the past 5 years.
Debt Coverage: RADIOCITY's debt is well covered by operating cash flow (1910.1%).
Interest Coverage: Insufficient data to determine if RADIOCITY's interest payments on its debt are well covered by EBIT.
What is Music Broadcast current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RADIOCITY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RADIOCITY'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 RADIOCITY's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RADIOCITY'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 RADIOCITY'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 ($USD148.83K) is above average for companies of similar size in the Indian market ($USD49.31K).
Compensation vs Earnings: Ashit's compensation has been consistent with company performance over the past year.
|Non-Executive Director||6yrs||no data||1.9% |
|Non-Executive Director||1.58yrs||no data||no data|
|Non-Executive Independent Director||3.25yrs||₹280.00k||no data|
|Non-Executive Independent Director||4.25yrs||₹240.00k||no data|
|Independent Non-Executive Chairman||3.75yrs||₹400.00k||no data|
|Non-Executive Director||4.92yrs||no data||no data|
|Additional Woman Independent Director||0.58yr||no data||no data|
Experienced Board: RADIOCITY's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RADIOCITY 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: RADIOCITY
- Exchange: NSEI
- Founded: 1999
- Industry: Broadcasting
- Sector: Media
- Market Cap: ₹5.375b
- 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, as well as radio jocke ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/07 13:14|
|End of Day Share Price||2020/08/06 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.