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Last Updated on: 27 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Music Broadcast Ltd

About the Company - Music Broadcast Ltd

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. 168.43 Cr. and Equity Capital is Rs. 69.14 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Entertainment & Media5th Floor, RNA Corporate Park, Mumbai Maharashtra 400051investor@myradiocity.com
http://www.radiocity.in
Management
NamePosition Held
Mr. Vijay TandonChairman
Mr. Rahul GuptaNon Executive Director
Mr. Shailesh GuptaNon Executive Director
Mr. Anuj PuriIndependent Director
Mr. Madhukar KamathIndependent Director
Ms. Anita NayyarIndependent Director
Mr. Ravi SardanaIndependent Director

Basic Stock Data of Music Broadcast Ltd

Last Updated: July 26, 2024, 10:20 pm

Market Cap 538 Cr.
Current Price 15.6
High / Low25.4/11.4
Stock P/E83.7
Book Value 15.4
Dividend Yield0.00 %
ROCE3.35 %
ROE1.22 %
Face Value 2.00
PEG Ratio-2.34

Data Source: screener.in

Competitors of Music Broadcast Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Encash Entertainment Ltd 11.3 Cr. 29.032.0/29.0 21.80.00 %3.74 %3.85 % 10.0
Diksat Transworld Ltd 237 Cr. 135165/120226 14.40.00 %3.33 %4.35 % 10.0
Cyber Media (India) Ltd 47.8 Cr. 30.644.0/15.011.0 2.920.00 %55.8 %% 10.0
Colorchips New Media Ltd 31.8 Cr. 18.742.2/15.4 17.40.00 %2.77 %2.60 % 10.0
City Pulse Multiplex Ltd 116 Cr. 351352/67.3776 2710.00 %2.12 %3.25 % 10.0
Industry Average4,507.48 Cr150.25253.4066.270.19%11.71%12.63%6.17

Music Broadcast Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales40.6742.4820.4842.0459.8946.0244.1448.6454.6751.4153.0352.4460.44
Expenses36.5139.5833.6837.4742.1144.1339.8844.5845.3345.9945.9646.0650.95
Operating Profit4.162.90-13.204.5717.781.894.264.069.345.427.076.389.49
OPM %10.23%6.83%-64.45%10.87%29.69%4.11%9.65%8.35%17.08%10.54%13.33%12.17%15.70%
Other Income5.022.263.884.793.884.254.504.835.215.175.655.715.81
Interest0.830.730.680.660.660.650.530.510.532.352.402.472.44
Depreciation8.248.218.198.208.208.168.218.238.188.178.238.288.42
Profit before tax0.11-3.78-18.190.5012.80-2.670.020.155.840.072.091.344.44
Tax %36.36%-2.38%28.86%40.00%29.69%22.85%0.00%26.67%29.97%1,200.00%54.55%72.39%42.12%
Net Profit0.07-3.87-12.940.299.01-2.060.010.104.09-0.770.940.372.57
EPS in Rs0.00-0.11-0.370.010.26-0.060.000.000.12-0.020.030.010.07

Last Updated: July 10, 2024, 7:54 pm

Music Broadcast Ltd Quarterly Chart

Music Broadcast Ltd Profit & Loss

Last Updated: July 10, 2024, 7:54 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales122138154201225271298325248128168199217
Expenses96104112139149180201212191139157176189
Operating Profit2634426277919711357-11112328
OPM %21%24%27%31%34%34%33%35%23%-9%7%12%13%
Other Income22372419151615172022
Interest756621191561033410
Depreciation23201516172026273533333333
Profit before tax-21224474257759629-33-868
Tax %0%0%0%0%34%36%31%36%2%26%25%43%
Net Profit-21224472837526228-24-633
EPS in Rs-0.080.440.931.801.051.031.451.780.82-0.70-0.160.100.09
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Music Broadcast Ltd Profit & Loss Yearly Chart

Music Broadcast Ltd Growth

Compounded Sales Growth
10 Years:4%
5 Years:-7%
3 Years:21%
TTM:15%
Compounded Profit Growth
10 Years:-12%
5 Years:-34%
3 Years:31%
TTM:166%
Stock Price CAGR
10 Years:%
5 Years:-18%
3 Years:-16%
1 Year:23%
Return on Equity
10 Years:5%
5 Years:0%
3 Years:0%
Last Year:1%

Last Updated: July 25, 2024, 6:00 am

Music Broadcast Ltd Balance Sheet

Last Updated: July 10, 2024, 7:54 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital39393939425757556969696969
Reserves-66-53-2819168491543548563541534456457
Preference Capital000000000000
Borrowings173149128285223150507422231998105
Other Liabilities35363155576349533423313336
Total Liabilities181171170398490761699731688657654656668
Fixed Assets59423219230312297310309283255233226
CWIP21006600000000
Investments00001527156172208202219220227
Other Assets120127138379179423246249170172180203215
Total Assets181171170398490761699731688657654656668

Music Broadcast Ltd Reserves and Borrowings Chart

Music Broadcast Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 34366561794086495233027
Cash from Investing Activity -2-5-201-60-2113-44324-18-24-16
Cash from Financing Activity -27-26160-32205-116-40-89-7-7-8-8
Net Cash Flow6624-3173-722-72-2-13

Music Broadcast Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days186171149140123110135141156221164121
Inventory Days
Days Payable
Cash Conversion Cycle186171149140123110135141156221164121
Working Capital Days1129957436-9-7110745144224153174
ROCE %3%12%22%22%19%13%12%14%4%-5%-1%1%

Music Broadcast Ltd Financial Efficiency Indicators Chart

Music Broadcast Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.05%74.05%74.05%74.05%74.05%74.05%74.05%74.05%74.05%74.05%74.05%74.05%
FIIs0.14%0.15%0.14%0.14%0.16%0.13%0.14%0.09%0.00%0.00%0.00%0.04%
DIIs8.06%5.49%5.47%5.47%5.47%5.47%5.47%5.47%5.06%4.90%1.40%0.00%
Public17.75%20.31%20.34%20.34%20.31%20.35%20.34%20.40%20.89%21.06%24.55%25.91%
No. of Shareholders27,65540,46135,63534,11133,62033,10231,50530,11632,64632,93334,80643,742

Music Broadcast Ltd Shareholding Pattern Chart

No. of Music Broadcast Ltd Shareholders

Music Broadcast Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Franklin India Smaller Companies Fund1,892,1460.1617.61,892,1462024-07-230%

Music Broadcast Ltd ROCE Trend

Music Broadcast Ltd EPS Trend

Music Broadcast Ltd Key Financial Ratios

MonthMar 15Mar 14
FaceValue10.0010.00
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

Music Broadcast Ltd Profitability Ratios (%)

Music Broadcast Ltd Liquidity Ratios

Music Broadcast Ltd Liquidity Ratios (%)

Music Broadcast Ltd Interest Coverage Ratios (%)

Music Broadcast Ltd Valuation Ratios

Fair Value

Fair Value: 16.04

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 2.82% compared to the current price 15.6

Intrinsic Value: 10.31

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 33.91% compared to the current price 15.6

Last 5 Year EPS CAGR: -35.72%

*Investments are subject to market risks

Strength and Weakness of Music Broadcast Ltd Stock

StrengthWeakness
  1. The company has higher reserves (353.75 cr) compared to borrowings (110.58 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (207.23 cr) and profit (27.15 cr) over the years.
  1. The stock has a low average ROCE of 9.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 122.58, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 151.42, which may not be favorable.

FAQ

What is the latest fair value of Music Broadcast Ltd?

The latest fair value of Music Broadcast Ltd is ₹16.04.

What is the Market Cap of Music Broadcast Ltd?

The Market Cap of Music Broadcast Ltd is 538 Cr..

What is the current Stock Price of Music Broadcast Ltd as on 27 July 2024?

The current stock price of Music Broadcast Ltd as on 27 July 2024 is 15.6.

What is the High / Low of Music Broadcast Ltd stocks in FY 2024?

In FY 2024, the High / Low of Music Broadcast Ltd stocks is 25.4/11.4.

What is the Stock P/E of Music Broadcast Ltd?

The Stock P/E of Music Broadcast Ltd is 83.7.

What is the Book Value of Music Broadcast Ltd?

The Book Value of Music Broadcast Ltd is 15.4.

What is the Dividend Yield of Music Broadcast Ltd?

The Dividend Yield of Music Broadcast Ltd is 0.00 %.

What is the ROCE of Music Broadcast Ltd?

The ROCE of Music Broadcast Ltd is 3.35 %.

What is the ROE of Music Broadcast Ltd?

The ROE of Music Broadcast Ltd is 1.22 %.

What is the Face Value of Music Broadcast Ltd?

The Face Value of Music Broadcast Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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