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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

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

Music Broadcast Ltd. Share Price Update

Share PriceValue
Today₹21.06
Previous Day₹21.60

Basic Stock Data of Music Broadcast Ltd

Market Cap 793 Cr.
Current Price 23.0
High / Low25.4/9.55
Stock P/E255
Book Value 15.2
Dividend Yield0.00 %
ROCE1.35 %
ROE0.46 %
Face Value 2.00

Data Source: screener.in

Competitors of Music Broadcast Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
52 Weeks Entertainment Ltd 7.19 Cr. 2.062.26/1.1442.3 4.500.00 %0.56 %0.69 % 10.0
Padmalaya Telefilms Ltd 6.02 Cr. 3.544.45/1.71 9.710.00 %0.72 %0.72 % 10.0
Next Mediaworks Ltd 44.8 Cr. 6.708.86/3.80 11.40.00 %8.90 %% 10.0
Mukta Arts Ltd 194 Cr. 85.899.0/41.6 8.840.00 %3.43 %% 5.00
Raj Television Network Ltd 327 Cr. 63.075.2/37.0248 27.70.00 %3.03 %0.76 % 5.00
Industry Average115.80 Cr32.2258.0612.430.00%3.33%0.43%8.00

Music Broadcast Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales30.0840.6742.4820.4842.0459.8946.0244.1448.6454.6751.4153.0352.44
Expenses33.1236.5139.5833.6837.4742.1144.1339.8844.5845.3345.9945.9646.06
Operating Profit-3.044.162.90-13.204.5717.781.894.264.069.345.427.076.38
OPM %-10.11%10.23%6.83%-64.45%10.87%29.69%4.11%9.65%8.35%17.08%10.54%13.33%12.17%
Other Income2.925.022.263.884.793.884.254.504.835.215.175.655.71
Interest0.960.830.730.680.660.660.650.530.510.532.352.402.47
Depreciation8.288.248.218.198.208.208.168.218.238.188.178.238.28
Profit before tax-9.360.11-3.78-18.190.5012.80-2.670.020.155.840.072.091.34
Tax %30.56%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%
Net Profit-6.490.07-3.87-12.940.299.01-2.060.010.104.09-0.770.940.37
EPS in Rs-0.190.00-0.11-0.370.010.26-0.060.000.000.12-0.020.030.01

Music Broadcast Ltd Quarterly Chart

Music Broadcast Ltd Profit & Loss

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:-8%
3 Years:-7%
TTM:12%
Compounded Profit Growth
10 Years:-14%
5 Years:-44%
3 Years:-49%
TTM:45%
Stock Price CAGR
10 Years:%
5 Years:-12%
3 Years:-3%
1 Year:87%
Return on Equity
10 Years:%
5 Years:1%
3 Years:-2%
Last Year:0%

Music Broadcast Ltd Balance Sheet

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 21343665617940864952330
Cash from Investing Activity 5-2-5-201-60-2113-44324-18-24
Cash from Financing Activity -24-27-26160-32205-116-40-89-7-7-8
Net Cash Flow26624-3173-722-72-2-1

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)
Franklin India Smaller Companies Fund18921460.1617.6

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 of Music Broadcast Ltd Stock

Fair Value: ₹18.19

The stock is overvalued by 20.93% compared to the current price ₹23

*Investments are subject to market risks

Strength and Weakness of Music Broadcast Ltd Stock

StrengthWeakness
  1. The company has higher reserves (321.00 cr) compared to borrowings (0.00 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 is trading at a high valuation with an average P/B ratio of 10.74 and average Dividend Yield of 23.09%.
  2. The stock has a low average ROCE of 9.67%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 122.58, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 151.42, which may not be favorable.

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