Music Broadcast Limited (RADIOCITY)

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Music Broadcast Limited (RADIOCITY) · mywealthgrid

About

Music Broadcast Limited operates the Radio City brand in India's Media & Entertainment sector (Consumer Discretionary). The latest quarter (Jun 2026) generated ₹44.54 Cr revenue with a market capitalisation of ₹230.24 Cr; over eight quarters, revenue has ranged from ₹37.84 to ₹65.38 Cr.

Face value: ₹2

Market cap

₹203 Cr

P/E

—

P/B

0.5×

Dividend yield

ROE

-11.3%

ROCE

-9.1%

Debt / equity

OPM

-25.5%

EPS (TTM)

₹-1.2

Book value

₹12.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue contracted 32% from ₹65.38 Cr (Dec 2024) to ₹44.54 Cr (Jun 2026), signalling sustained weakness in the core business.
Profitability is highly volatile: net profit swung from -₹47.96 Cr (Mar 2026) to +₹9.22 Cr (Jun 2026), and operating margins ranged from -116.4% to +20.03% over eight quarters.
Negative ROE of -11.31% shows the company is destroying shareholder capital; verify whether the recent positive quarter signals durable recovery or is cyclical.
Zero FII holding (0%) and small public float (22.2%) may reflect limited investor confidence; verify institutional interest and trading liquidity.

Generated analysis · source review pending

Growth drivers

Jun 2026 quarter reversed a sharp margin collapse: operating margin recovered to +20.03% from -116.4% in Mar 2026, and net profit returned to ₹9.22 Cr — verify if this reflects structural cost control or temporary gains.
Revenue, while down 32% from Dec 2024's peak, has stabilised around ₹44–₹46 Cr in recent quarters (Dec 2025, Jun 2026) — if this floor holds, margin normalisation from lows is plausible.
Digital audio and music consumption trends (podcasts, streaming, audio-first platforms) may create growth avenues for a music and broadcast operator — verify RADIOCITY's position and plans in digital audio.
Advertising cycles: company's margin swings track with likely ad-spend cyclicality — verify whether this quarter's recovery precedes broader media advertising growth.

Generated analysis · source review pending

2,346 historical price candles were omitted because the exchange source has not been verified.

₹5.9-2.2%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+High promoter holding of 74.1% with no pledge

Cons

−Low return on equity of -5.5% (3-yr avg)
−Modest revenue growth of 6.5% a year over the last 5 years
−Weak interest coverage of -4.3×

Research score

Structured signal from quality, growth, valuation and momentum.

40/100

Business quality: 20
Growth: 0
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Prime Focus LimitedPFOCUSPFOCUS	₹23,400 Cr	₹28,341 Cr	₹4,919 Cr	₹1,438 Cr	30.4%	₹116 Cr	6.5%	25.2%	15.4%	-5
Saregama India LimitedSAREGAMASAREGAMA	₹9,539 Cr	₹9,609 Cr	₹1,041 Cr	₹375 Cr	34.2%	₹222 Cr	20.9%	17.1%	12.6%	114
Tips Music LimitedTIPSMUSICTIPSMUSIC	₹8,233 Cr	₹8,233 Cr	₹394 Cr	₹273 Cr	73.4%	₹215 Cr	57.7%	118%	92.3%	-15
Network18 Media & Investments LimitedNETWORK18NETWORK18	₹3,921 Cr	₹7,034 Cr	₹2,169 Cr	₹47 Cr	2.1%	₹-35 Cr	7.3%	-1.2%	3.2%	59
Balaji Telefilms LimitedBALAJITELEBALAJITELE	₹1,098 Cr	₹1,111 Cr	₹378 Cr	₹-30 Cr	-31.2%	₹-21 Cr	-23.6%	-9.7%	-7.7%	306
Entertainment Network (India) LimitedENILENIL	₹445 Cr	₹445 Cr	₹562 Cr	₹46 Cr	8%	₹-8 Cr	-1.3%	-0.8%	-1%	-7
Shemaroo Entertainment LimitedSHEMAROOSHEMAROO	₹331 Cr	₹630 Cr	₹575 Cr	₹-211 Cr	-45.4%	₹-180 Cr	-37.4%	-69.9%	-58.8%	181
Music Broadcast LimitedRADIOCITYRADIOCITY	₹203 Cr	₹203 Cr	₹170 Cr	₹-36 Cr	-25.5%	₹-42 Cr	-30.6%	-9.1%	-11.3%	84
Starbeam Ventures LtdSTARBEAMSTARBEAM	₹59 Cr	₹66 Cr	₹12 Cr	₹8 Cr	68.7%	₹2 Cr	15.4%	3.8%	2.4%	-489
Next Mediaworks LimitedNEXTMEDIANEXTMEDIA	₹24 Cr	₹58 Cr	₹30 Cr	₹-3 Cr	-8.3%	₹64 Cr	177.6%	-12.5%	—	-1
Shalimar Productions LtdSHALPROSHALPRO	₹24 Cr	₹26 Cr	₹3 Cr	₹-0 Cr	-612.5%	₹-1 Cr	-743.8%	-1.2%	-1.2%	54,142
Radaan Mediaworks India LimitedRADAANRADAAN	₹16 Cr	₹31 Cr	₹7 Cr	₹-3 Cr	-76.9%	₹-4 Cr	-88.7%	—	—	-9

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	225	271	298	325	248	128	168	199	229	234	174
	147	180	201	212	191	139	157	176	195	257	219
	78	91	97	113	57	-11	11	23	33	-22	-44
OPM %	34.7%	33.6%	32.6%	34.9%	23.1%	-8.8%	6.6%	11.6%	14.5%	-9.5%	-25.5%
Depreciation	17	20	26	27	35	33	33	33	33	35	28
Interest	21	19	15	6	10	3	3	4	10	12	10
	26	3	19	15	16	15	17	20	23	27	27
Profit before tax	42	57	75	96	29	-33	-8	6	13	-42	-56
Tax	14	20	24	34	1	-9	-2	3	6	-8	-2
Tax %	34.1%	35.7%	31.2%	35.5%	2.5%	-26.2%	-24.6%	43.2%	47%	-18.7%	-4.2%
	28	37	52	62	28	-24	-6	3	7	-34	-53
PAT margin %	12.3%	13.5%	17.3%	19%	11.4%	-19%	-3.4%	1.7%	3%	-14.4%	-30.6%
EPS (₹)	8.5	8.1	9.1	2.2	0.8	-0.7	-0.2	0.1	0.2	-1	-1.5
EPS adjusted (₹)	1.1	1	1.5	1.8	0.8	-0.7	-0.2	0.1	0.2	-1	-1.5
Annual report	—	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	39	57	57	55	69	69	69	69	69	69	69
Reserves	-99	349	401	548	563	541	534	456	463	429	376
Minority interest	142	142	142	—	—	—	—	—	—	—	—
	306	50	50	16	0	0	0	84	92	100	0
	19	163	49	112	56	47	50	48	57	67	51
Total equity & liabilities	407	761	699	731	688	657	654	656	681	665	496
	19	312	297	310	309	283	255	233	206	159	106
CWIP	—	—	—	—	—	—	—	—	13	—	—
Investments	15	183	0	172	208	202	219	220	247	311	250
	374	267	402	249	170	172	180	204	214	196	140
Total assets	407	761	699	731	688	657	654	656	681	665	496

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	34.9%	23.1%	-8.8%	6.6%	11.6%	14.5%	-9.5%	-25.5%
EBIT margin %	26.5%	9%	-34.9%	-12.9%	-4.9%	-0.1%	-24.3%	-41.3%
PAT margin %	19%	11.4%	-19%	-3.4%	1.7%	3%	-14.4%	-30.6%
Working capital
Receivable days	141	156	221	164	121	117	118	112
Inventory days	0	0	0	0	0	0	0	0
Payable days	43	40	32	38	36	53	30	28
NWC days	98	117	189	126	85	64	88	84
Leverage
Current ratio	3.69	10.28	10.78	4.34	4.08	4.13	1.85	7.04
Debt to EBITDA	0.14	0	—	0	3.63	2.76	—	—
Debt to equity	0.03	0	0	0	0.16	0.17	0.2	0
Interest coverage	17.9	4	-9.2	-1.9	2.5	2.3	-2.6	-4.3
Asset turnover	0.44	0.36	0.19	0.26	0.3	0.34	0.35	0.35
Return ratios
Return on assets %	8.4%	4.1%	-3.7%	-0.9%	0.5%	1%	-5.1%	-10.8%
Return on capital employed %	15.9%	6.1%	-4.6%	-0.8%	1.6%	3.6%	-5.2%	-9.1%
Return on equity %	10.2%	4.5%	-4%	-0.9%	0.7%	1.3%	-6.8%	-12%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.05%	74.05%	74.05%	74.05%	74.05%	74.05%	74.05%	74.05%	74.05%	74.05%	74.05%	74.05%
FII	0%	0.04%	0.28%	0.03%	0.03%	0.02%	0.01%	0%	0%	0%	0%	0%
	1.41%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	3.75%	3.75%	3.75%	3.75%	3.75%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	24.54%	25.89%	25.66%	25.91%	25.91%	25.92%	25.93%	22.2%	22.2%	22.2%	22.2%	22.2%
No. of shareholders	—	—	—	—	—	—	—	—	50,460	49,891	48,980	48,290

Promoter holding up 0 percentage points since Sep 2023.

10 deals · 27 Jun 2022 – 25 Mar 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
25 Mar 2025	LRSD SECURITIES PRIVATE LIMITED	Bulk	NSE	Buy	18,31,788	₹10.01	₹1.83 Cr
10 Jan 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	24,66,547	₹20.62	₹5.09 Cr
10 Jan 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	24,66,547	₹20.64	₹5.09 Cr
10 Jan 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	19,65,157	₹20.49	₹4.03 Cr
10 Jan 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	17,06,441	₹20.60	₹3.52 Cr
8 Dec 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	24,11,306	₹18.69	₹4.51 Cr
8 Dec 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	24,11,306	₹18.67	₹4.50 Cr
4 Jan 2023	MIRABILIS INVESTMENT TRUST	Bulk	NSE	Sell	20,22,500	₹26.37	₹5.33 Cr
27 Jun 2022	RSMA ADVISORS PRIVATE LIMITED	Bulk	NSE	Sell	29,15,512	₹22.66	₹6.61 Cr
27 Jun 2022	JAGRAN PRAKASHAN LIMITED	Bulk	NSE	Buy	29,15,512	₹22.66	₹6.61 Cr

1–10 of 10

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Madhukar KamathNon-Executive - Independent Director-Chairperson
Ms. Anita NayyarNon-Executive - Independent Director
Mr. Ravi SardanaNon-Executive - Independent Director
Ms. Divya KaraniNon-Executive - Independent Director
Mr. Shailesh GuptaNon-Executive - Non Independent Director
Mr. Rahul GuptaNon-Executive - Non Independent Director
Mr. Abraham ThomasChief Executive Officer
Mr. Rajiv ShahChief Financial Officer
Ms. Arpita Mehrotra KapoorCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Music Broadcast Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Credit Rating3 Jul 2026

Investor Presentation and earnings call

Jul 2026Transcript AI Summary PPT REC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results22 Jul 2026

1

Face value ₹10 → ₹220 Feb 2019 · ex-date

1

Bonus 1:412 Mar 2020 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

18 announcementsExport CSV

23 Jul 2026, 5:04 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	34.9%	23.1%	-8.8%	6.6%	11.6%	14.5%	-9.5%	-25.5%
EBIT margin %	26.5%	9%	-34.9%	-12.9%	-4.9%	-0.1%	-24.3%	-41.3%
PAT margin %	19%	11.4%	-19%	-3.4%	1.7%	3%	-14.4%	-30.6%
Working capital
Receivable days	141	156	221	164	121	117	118	112
Inventory days	0	0	0	0	0	0	0	0
Payable days	43	40	32	38	36	53	30	28
NWC days	98	117	189	126	85	64	88	84
Leverage
Current ratio	3.69	10.28	10.78	4.34	4.08	4.13	1.85	7.04
Debt to EBITDA	0.14	0	—	0	3.63	2.76	—	—
Debt to equity	0.03	0	0	0	0.16	0.17	0.2	0
Interest coverage	17.9	4	-9.2	-1.9	2.5	2.3	-2.6	-4.3
Asset turnover	0.44	0.36	0.19	0.26	0.3	0.34	0.35	0.35
Return ratios
Return on assets %	8.4%	4.1%	-3.7%	-0.9%	0.5%	1%	-5.1%	-10.8%
Return on capital employed %	15.9%	6.1%	-4.6%	-0.8%	1.6%	3.6%	-5.2%	-9.1%
Return on equity %	10.2%	4.5%	-4%	-0.9%	0.7%	1.3%	-6.8%	-12%

Date	Category	Subject	Filing
23 Jul 2026, 5:04 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
23 Jul 2026, 10:21 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
22 Jul 2026, 5:44 pm	Company Update Investor Presentation	Announcement under Regulation 30 (LODR)-Investor Presentation	PDF
22 Jul 2026, 5:39 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
22 Jul 2026, 5:14 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Un-Audited Financial Results For The First Quarter Ended June 30, 2026	PDF
15 Jul 2026, 3:59 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
10 Jul 2026, 4:44 pm	Board Meeting	Board Meeting Intimation for Un-Audited Financial Results For The Quarter Ended June 30, 2026	PDF
9 Jul 2026, 5:42 pm	Company Update General	Disclosure Under Reg. 30 Of SEBI (LODR) Regulation, 2015	PDF

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	79	40	86	49	5	23	30	27	17	22
	-211	3	-44	32	4	-18	-24	-16	-9	88
	205	-116	-40	-89	-7	-7	-8	-8	-7	-114
Net cash flow	73	-72	2	-7	2	-2	-1	3	-0	-5
Free cash flow	—	35	47	44	5	20	21	18	4	17
CFO / Operating profit %	86.5%	41.3%	75.6%	86.3%	—	206.2%	132.1%	82.4%	—	—

Music Broadcast Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Board meetings1

Stock splits1

Bonus issues1

Announcements

Board meetings1

Stock splits1

Bonus issues1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

1

1

1

1

1

1