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Music Broadcast Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹11.71Undervalued by 100.86%vs CMP ₹5.83

P/E (15.0) × ROE (6.7%) × BV (₹14.20) × DY (2.00%)

Defaults: P/E=15

₹16.17Undervalued by 177.36%vs CMP ₹5.83
MoS: +63.9% (Strong)Confidence: 55/100 (Moderate)Models: All 4: Undervalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹10.1139%Under (+73.4%)
Net Asset ValueAssets₹14.0424%Under (+140.8%)
ROCE CapitalReturns₹39.3720%Under (+575.3%)
Revenue MultipleRevenue₹6.7218%Under (+15.3%)
Consensus (4 models)₹16.17100%Undervalued
Key Drivers: Wide model spread (₹7–₹39) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -13.7% · Defaults: P/E=15

*Investments are subject to market risks

Analyst Summary

Music Broadcast Ltd operates in the Entertainment & Media segment, NSE: RADIOCITY | BSE: 540366, current market price is ₹5.83, market cap is 203 Cr.. At a glance, ROE is 6.74 %, ROCE is 4.90 %, book value is 14.2, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹16.17, which is about 177.4% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹234 Cr versus the prior period change of 2.2%, while latest net profit is about ₹-34 Cr with a prior-period change of -585.7%. The 52-week range shown on this page is 11.5/4.35, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisMusic Broadcast Ltd. is a Public Limited Listed company incorporated on 04/11/1999 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L…

This summary is generated from the stock page data available for Music Broadcast Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

41
Music Broadcast Ltd scores 41/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health41/100 · Moderate
ROCE 4.9% WeakROE 6.7% AverageD/E 9.97 High debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 3.74% MF buyingPromoter holding at 74.1% Stable
Earnings Quality50/100 · Moderate
OPM contracting (10% → 3%) DecliningWorking capital: -53 days (improving) Efficient
Quarterly Momentum25/100 · Weak
Revenue (4Q): -22% YoY DecliningProfit (4Q): -706% YoY Declining
Industry Rank30/100 · Weak
ROCE 4.9% vs industry 16.3% Below peersROE 6.7% vs industry 18.0% Below peers3Y sales CAGR: 12% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 12:38 am

Market Cap 203 Cr.
Current Price 5.83
Intrinsic Value₹16.27
High / Low 11.5/4.35
Stock P/E
Book Value 14.2
Dividend Yield0.00 %
ROCE4.90 %
ROE6.74 %
Face Value 2.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Music Broadcast Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Music Broadcast Ltd 203 Cr. 5.83 11.5/4.35 14.20.00 %4.90 %6.74 % 2.00
Cinerad Communications Ltd 192 Cr. 50.3 102/43.0 25.10.00 %23.1 %38.4 % 10.0
Diksat Transworld Ltd 219 Cr. 125 139/100343 14.10.00 %2.82 %0.24 % 10.0
Channel Nine Entertainment Ltd 242 Cr. 10.4 /1,347 1.350.00 %0.10 %0.57 % 1.00
3rd Rock Multimedia Ltd 153 Cr. /%0.58 %14.3 % 10.0
Industry Average2,553.85 Cr105.57296.2737.280.24%16.32%18.02%6.15

All Competitor Stocks of Music Broadcast Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 54.6751.4153.0352.4460.4462.6359.6054.8365.3854.6749.3237.8446.48
Expenses 45.3345.9945.9646.0650.9552.4250.3651.8054.54100.0748.3843.3338.88
Operating Profit 9.345.427.076.389.4910.219.243.0310.84-45.400.94-5.497.60
OPM % 17.08%10.54%13.33%12.17%15.70%16.30%15.50%5.53%16.58%-83.04%1.91%-14.51%16.35%
Other Income 5.215.175.655.715.815.916.626.496.747.017.026.848.34
Interest 0.532.352.402.472.442.582.832.862.873.033.063.063.05
Depreciation 8.188.178.238.288.428.508.538.638.778.697.087.056.81
Profit before tax 5.840.072.091.344.445.044.50-1.975.94-50.11-2.18-8.766.08
Tax % 29.97%1,200.00%54.55%72.39%42.12%41.07%42.89%1.02%39.39%-24.11%-0.46%-21.46%39.47%
Net Profit 4.09-0.770.940.372.572.972.58-1.993.60-38.03-2.17-6.883.68
EPS in Rs 0.12-0.020.030.010.070.090.07-0.060.10-1.10-0.06-0.200.11

Last Updated: February 4, 2026, 11:02 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 3:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 154201225271298325248128168199229234188
Expenses 112139149180201212191139157176195257231
Operating Profit 426277919711357-11112333-22-42
OPM % 27%31%34%34%33%35%23%-9%7%12%15%-10%-22%
Other Income 3724191516151720232729
Interest 66211915610334101212
Depreciation 15161720262735333333333530
Profit before tax 24474257759629-33-8613-42-55
Tax % 0%0%34%36%31%36%2%-26%-25%43%47%-19%
Net Profit 24472837526228-24-637-34-43
EPS in Rs 0.931.801.051.031.451.780.82-0.70-0.160.100.20-0.98-1.25
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)95.83%-40.43%32.14%40.54%19.23%-54.84%-185.71%75.00%150.00%133.33%-585.71%
Change in YoY Net Profit Growth (%)0.00%-136.26%72.57%8.40%-21.31%-74.07%-130.88%260.71%75.00%-16.67%-719.05%

Music Broadcast Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:-1%
3 Years:12%
TTM:-5%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-555%
Stock Price CAGR
10 Years:%
5 Years:-15%
3 Years:-30%
1 Year:-48%
Return on Equity
10 Years:3%
5 Years:-2%
3 Years:-2%
Last Year:-7%

Last Updated: September 5, 2025, 11:20 am

Balance Sheet

Last Updated: December 10, 2025, 3:07 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 39394257575569696969696969
Reserves -2819168491543548563541534456463429420
Borrowings 128285223150507422231998106126133
Other Liabilities 31555763495334233133424135
Total Liabilities 170398490761699731688657654656681665658
Fixed Assets 3219230312297310309283255233219179170
CWIP 00660000000100
Investments 001527156172208202219220247311332
Other Assets 138379179423246249170172180203213176155
Total Assets 170398490761699731688657654656681665658

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 36656179408649523312717
Cash from Investing Activity + -5-201-60-2113-44324-18-24-16-9
Cash from Financing Activity + -26160-32205-116-40-89-7-7-8-8-7
Net Cash Flow 624-3173-722-72-2-13-0
Free Cash Flow 3362-2225134464452021184
CFO/OP 87%103%92%96%58%92%106%-66%210%136%89%-79%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-86.00-223.00-146.00-59.0047.0039.0035.00-34.00-8.00-75.00-73.00-148.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 149140123110135141156221164121117118
Inventory Days
Days Payable
Cash Conversion Cycle 149140123110135141156221164121117118
Working Capital Days 57436-47-7110745138210140164125-53
ROCE %22%22%19%13%12%14%4%-5%-1%1%3%-5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.05%74.05%74.05%74.05%74.05%74.05%74.05%74.05%74.05%74.05%74.05%74.05%
FIIs 0.00%0.00%0.00%0.04%0.28%0.03%0.03%0.01%0.01%0.00%0.00%0.00%
DIIs 5.06%4.90%1.40%0.00%0.00%0.00%0.00%0.01%0.01%3.75%3.75%3.75%
Public 20.89%21.06%24.55%25.91%25.67%25.92%25.91%25.91%25.93%22.20%22.19%22.21%
No. of Shareholders 32,64632,93334,80643,74253,69852,26751,88151,64151,32951,16850,46049,891

Shareholding Pattern Chart

No. of Shareholders

Music Broadcast Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Franklin India Small Cap Fund 1,892,146 0.17 22.34N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 15Mar 14
FaceValue 10.0010.00
Basic EPS (Rs.) 12.066.36
Diluted EPS (Rs.) 12.066.36
Cash EPS (Rs.) 16.0910.34
Book Value[Excl.RevalReserv]/Share (Rs.) 14.692.66
Book Value[Incl.RevalReserv]/Share (Rs.) 14.692.66
Revenue From Operations / Share (Rs.) 51.6239.63
PBDIT / Share (Rs.) 17.6911.80
PBIT / Share (Rs.) 13.657.82
PBT / Share (Rs.) 12.066.36
Net Profit / Share (Rs.) 12.066.36
NP After MI And SOA / Share (Rs.) 12.066.36
PBDIT Margin (%) 34.2729.77
PBIT Margin (%) 26.4519.72
PBT Margin (%) 23.3616.05
Net Profit Margin (%) 23.3616.05
NP After MI And SOA Margin (%) 23.3616.05
Return on Networth / Equity (%) 82.07239.32
Return on Capital Employeed (%) 15.4326.45
Return On Assets (%) 11.9214.85
Long Term Debt / Equity (X) 4.989.97
Total Debt / Equity (X) 4.989.97
Asset Turnover Ratio (%) 0.710.00
Current Ratio (X) 6.962.06
Quick Ratio (X) 6.962.06
Interest Coverage Ratio (X) 11.088.11
Interest Coverage Ratio (Post Tax) (X) 8.565.38

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Music Broadcast Ltd. is a Public Limited Listed company incorporated on 04/11/1999 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L64200MH1999PLC137729 and registration number is 137729. Currently Company is involved in the business activities of Radio broadcasting. Company's Total Operating Revenue is Rs. 234.48 Cr. and Equity Capital is Rs. 69.14 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Entertainment & Media5th Floor, RNA Corporate Park, Mumbai Maharashtra 400051Contact not found
Management
NamePosition Held
Mr. Madhukar KamathIndependent Non Exe.Chairman
Mr. Rahul GuptaNon Executive Director
Mr. Shailesh GuptaNon Executive Director
Mr. Anuj PuriInd. Non-Executive Director
Ms. Anita NayyarInd. Non-Executive Director
Mr. Ravi SardanaInd. Non-Executive Director
Ms. Divya KaraniInd. Non-Executive Director

FAQ

What is the intrinsic value of Music Broadcast Ltd and is it undervalued?

As of 05 May 2026, Music Broadcast Ltd's intrinsic value is ₹16.17, which is 177.36% higher than the current market price of ₹5.83, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (6.74 %), book value (₹14.2), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Music Broadcast Ltd?

Music Broadcast Ltd is trading at ₹5.83 as of 05 May 2026, with a FY2026-2027 high of ₹11.5 and low of ₹4.35. The stock is currently near its 52-week low. Market cap stands at ₹203 Cr..

How does Music Broadcast Ltd's P/E ratio compare to its industry?

Music Broadcast Ltd has a P/E ratio of , which is below the industry average of 296.27. This is broadly in line with or below the industry average.

Is Music Broadcast Ltd financially healthy?

Key indicators for Music Broadcast Ltd: ROCE of 4.90 % is on the lower side compared to the industry average of 16.32%; ROE of 6.74 % is below ideal levels (industry average: 18.02%). Dividend yield is 0.00 %.

Is Music Broadcast Ltd profitable and how is the profit trend?

Music Broadcast Ltd reported a net profit of ₹-34 Cr in Mar 2025 on revenue of ₹234 Cr. Compared to ₹-6 Cr in Mar 2022, the net profit shows a mixed trend.

Does Music Broadcast Ltd pay dividends?

Music Broadcast Ltd has a dividend yield of 0.00 % at the current price of ₹5.83. The company is currently not paying meaningful dividends.

Last Updated: May 5, 2026, 12:38 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 540366 | NSE: RADIOCITY
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Music Broadcast Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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