Music Broadcast Ltd.
Snapshot View

24.80 -0.25 ▼-1.0%

05 August 2021, 04:00:00 P.M.
Volume: 97,207

Overview View Details

Sector Media & Entertainment Compare with Sector peers
Industry TV Broadcasting & Software Production Compare with Industry peers
Website http://www.radiocity.in
Financial Indicators
Market Cap 865.94 Cr.
Earnings per share (EPS) -0.67 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-06
Industry PE 34.30 Trailing Twelve Months Ending 2021-06
Book Value / Share 17.26 Trailing Twelve Months Ending 2021-06
Price to Book Value 1.45 Calculated using Price: 25.05
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 34.57 Cr. 345,685,625 Shares
FaceValue 2
Company Profile

Music Broadcast was incorporated as ‘Music Broadcast Private Limited’ on November 4, 1999, at Kolkata as a private limited company under the Companies Act, 1956. The Company was converted into a public limited company pursuant to a resolution of their Shareholders at an extraordinary general meeting held on June 15, 2015 and consequently, the name of Company was changed to Music Broadcast Limited and a fresh certificate of incorporation consequent upon conversion to public limited company was issued by the Registrar of Companies, Mumbai (‘RoC’) on June 25, 2015. Music Broadcast operates as a subsidiary of Jagran Prakashan.

Music Broadcast is the first private FM radio broadcaster in India operates under the brand name ‘Radio City’. Radio City has grown from four cities in 2001 to 37 cities as on February 2017. These radio stations include Bengaluru, Mumbai, Delhi, Chennai, Pune, Hyderabad, Ahmedabad etc. which were existing stations. The company acquired 11 additional radio stations under the Phase III policy i.e. the New Radio City Stations. The New Radio City Stations which have been operationalised are located at Kanpur, Ajmer, Kota, Udaipur, Patiala, Jamshedpur, Nasik, Kolhapur and Madurai.  The company is present in 12 out of the top 15 cities in India by population.

Business area of the company

The company has a sales alliance with ITM Software & Entertainment Private Ltd (ITM) which operates ‘Suno Lemon 91.9 FM’ (Suno Lemon) in Gwalior and Ananda Offset Private Limited (‘AOPL’) which operates ‘Friends 91.9 FM’ (Friends FM) in Kolkata. They also operate their online web radio on web portal www.planetradiocity.com (‘Planet Radio City’), which was launched in 2010. They operate 40 web radio stations through planetradiocity.com in eight languages. The company also has a 'Planet Radio City' mobile app that plays various stations such as 'Radio City Freedom', 'Radio City Electronica', 'Radio City Metal' and 'Radio City Smaran', in various languages, on mobile and other smart devices.

Major events and milestones

  • 2001: The Company won licenses for FM broadcasting in four cities under FM Policy Phase I. 
  • 2005: IVF Trustee Company invests in their Company and attains a majority shareholding.
  • 2006: The Company won licenses for FM broadcasting in 16 cities under FM Policy Phase II.
  • 2010: The Company launched web radio in India.
  • 2014: JPL invested in our Company through Spectrum.
  • 2015: Issue of Listed NCDs and listing on BSE.
  • 2015: ‘CRISIL AA/Stable’ rating of Listed NCDs by CRISIL Limited.
  • 2016: The Company won licenses for FM broadcasting in 11 cities under FM Policy Phase III.
  • 2016: Re-affirmation of ‘CRISIL AA/Stable’ rating of Listed NCDs by CRISIL Limited.
  • 2016: The radio division of Shri Puran Multimedia Limited was transferred to the Company pursuant to the Scheme of Arrangement.

Awards, achievements and certifications

  • 2013- Great Places to Work - Global HR Excellence Awards (Innovative HR Practices).
  • 2013- Great Places to Work - Work Rank 32 in the Top 100 Companies.
  • 2014- Great Places to Work - Rank 25.
  • 2014- Great Places to Work - Reward and Recognition (Rank 3).
  • 2014- Great Places to Work - Work Media (Rank 1).
  • 2014- Great Places to Work - Engaging Frontline Staff (Rank 2).
  • 2014- Great Places to Work - Fairness in Performance Management System (Rank 3).
  • 2014- IRF Awards - Excellence in Radio Awards- Best on Ground/Activation by an FM Station (Radio City Freedom Awards).
  • 2015- IRF Awards - Excellence in Radio Awards- RJ of the Year (Hindi) (RJ Ginnie).
  • 2015- Great Places to Work - Rank 18.
  • 2015- Great Places to Work - Employee Participation and Involvement (Rank 3).
  • 2015- Great Places to Work - Media Industry (Rank 1).
  • 2015- Great Places to Work - Best Companies for Hiring and Welcoming (Rank 2).
  • 2015- Great Places to Work - Fairness in Performance Management System (Rank 1).
  • 2015- Golden Mikes - Best First Time innovation.
  • 2015- Golden Mikes - Most unique programming concept/idea.
  • 2015- Golden Mikes (in respect of Radio Mantra Stations) - Best on-air promotion by a network of station for self - Music ka Nasha.
  • 2015- Golden Mikes - Best on-air Promotion by a single station for Self.
  • 2015- Golden Mikes - Best Use of Radio for a Launch.
  • 2016- Golden Mikes - Best Use of Radio for a Launch.
  • 2016- Golden Mikes - Best Digital / Web Streaming by a Radio/ Network.
  • 2016- Golden Mikes (in respect of Radio Mantra Stations) - Best Radio Media Innovation.
  • 2016- Golden Mikes - Best on Air Promotion by a Network of Radio Stations for Self (Sponsored by a Client).
  • 2016- Golden Mikes (in respect of Radio Mantra Stations) - Best on Air Promotion for a Client (Multiple Station).
  • 2016- Golden Mikes (in respect of Radio Mantra Stations) - Best Public Service Initiative by a Radio Station or a Network of Radio Stations.
  • 2016- Golden Mikes - Best Public Service Initiative by a Radio Station or a Network of Radio Stations (Dil Deke Dekho).
  • 2016- Golden Mikes - Best on Air Promotion by a Single Radio Station for Self (Sponsored by a Client).
  • 2016- Golden Mikes Promotions - Best on Air Promotion for a Client (Multiple Station).
  • 2016- Golden Mikes Effectiveness - Best Use of Radio.
  • 2016- IRF Awards – Excellence in Radio Awards (in respect of Radio Mantra Stations) - Best Media Campaign (Chaar Footiya Dost).
  • 2016- IRF Awards - Excellence in Radio Awards Most Creative Campaign (Chaar Footiya Dost).
  • 2016- IRF Awards - Excellence in Radio Awards Best Interactive Idea (Salaam-E-Ishq).
  • 2016- IRF Awards - Excellence in Radio Awards Best Radio Programme Packaging (Radio City Potugaadu).
  • 2016- IRF Awards - Excellence in Radio Awards Best Radio Promo - In-House (Gujarati) (Masti Ki Paathshsala Contest).
  • 2016- IRF Awards - Excellence in Radio Awards Best Radio Promo - In-House (Tamil) (Radio City VIP Promo).
  • 2016- IRF Awards - Excellence in Radio Awards RJ of the Year (Telugu) (RJ Shiv).
  • 2016- IRF Awards - Excellence in Radio Awards Best Breakfast Programme (Telugu) (Radio City RJ Shiv).
  • 2016- New York Festival Radio Awards - Community service (Abki Baar dedo Akhbaar – Silver).
  • 2016- New York Festival Radio Awards - Community service (Dil Deke Dekho – Bronze).
  • 2016- New York Festival Radio Awards - Best Talk/Interview Special (Suno Na Dilli - Gold).

 

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-1.00%
1 Week
1 Month
-3.50%
3 Month
+7.83%
6 Month
+6.44%
1 Year
+58.47%
2 Year
-30.26%
5 Year
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 138.02 29.88 10.86 9.01 10.24 4.57
Return on Capital Employed (%) 3.06 11.68 21.91 21.76 15.98 13.45 13.39 15.25 5.91
Return on Assets (%) -1.15 6.61 14.28 16.47 6.33 6.01 7.15 8.55 3.94

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds -27 -14 11 58 127 548 600 603 632
Non Curr. Liab. 141 120 105 291 219 43 52 15 18
Curr. Liab. 67 65 54 52 126 158 45 126 36
Minority Int.
Equity & Liab. 181 171 170 401 472 749 697 744 686
Non Curr. Assets 98 77 60 55 344 350 489 330 335
Curr. Assets 83 94 110 347 128 399 208 414 351
Misc. Exp. not W/O
Total Assets 181 171 170 401 472 749 697 744 686

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 122 138 154 201 225 271 298 325 248
Other Income 3 2 3 7 15 4 19 16 16
Total Income 125 141 157 208 240 276 318 341 264
Total Expenditure -96 -104 -112 -139 -147 -180 -201 -212 -191
PBIDT 29 36 45 69 93 96 116 128 73
Interest -7 -5 -6 -6 -21 -19 -15 -6 -10
Depreciation -23 -20 -15 -16 -17 -20 -26 -27 -35
Taxation -14 -20 -24 -34 -1
Exceptional Items -1 -14
PAT -2 12 24 47 28 37 52 62 28

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 21 34 36 65 61 79 40 86 49
Cash Fr. Inv. 5 -2 -5 -201 -60 -211 3 -44 32
Cash Fr. Finan. -24 -27 -26 160 -32 205 -116 -40 -89
Net Change 2 6 6 24 -31 73 -72 2 -7
Cash & Cash Eqvt 8 13 19 43 13 86 13 15 8

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 73.65 73.86 73.94 74.02 74.05 74.05 74.05 74.05 74.05
Public 26.35 26.14 26.06 25.98 25.95 25.95 25.95 25.95 25.95
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Mon, 26 Jul 2021
Announcement under Regulation 30 (LODR)-Credit Rating
Pursuant to Clause 3 of Schedule III Part A Para A read with regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform you that CRISIL has reaffirmed CRISIL AA/Stable rating to the Long term facilities of the Company and CRISIL A1+ rating to the short term facilities of the Company.

The letter received from the CRISIL is attached herewith for your perusal.
Fri, 23 Jul 2021
Newspaper Advertisement Pursuant To Regulation 47 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015
In compliance with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we are enclosing herewith the copy of newspaper advertisement of the financial results for the quarter ended June 30 2021 published in Business Standard (English Newspaper) and Mumbai Lakshadeep (Marathi Newspaper) on July 23 2021 for your reference.

The said newspaper advertisement has also been uploaded on the website of the Company at www.radiocity.in

Kindly take the above on record and oblige.
Thu, 22 Jul 2021
Unaudited Financial Results For The Quarter Ended June 30 2021
This is to inform you that at the meeting of Board of Directors of the Company held today i.e. on Thursday July 22 2021 which commenced at 3.45 p.m. and concluded at 5.45 p.m. the Board has inter-alia approved the Unaudited Financial results for quarter ended June 30 2021 as recommended by Audit Committee of the Company.

The Statutory Auditors have carried out a Limited Review of the unaudited Financial Results for the first quarter ended June 30 2021.

Pursuant to Regulation 33 of Listing Regulations we are enclosing herewith a copy of the Unaudited Financial Results and Limited Review Reports issued by Statutory Auditors of the Company.

Further we are also attaching herewith a copy of Press Release in connection with the Unaudited financial results for quarter ended June 30 2021.

The above information are also being made available at the website of the Company i.e. www.radiocity.in

Technical Scans View Details

Wed, 04 Aug 2021
High Delivery Percentage High Delivery Percentage
Close Crossing Last Month Close From Below Close Crossing Last Month Close From Below
Closing Near 100 SMA Closing Near 100 SMA
Close Crossing 100 SMA From Below Close Crossing 100 SMA From Below
MFI Crossed 20 From Above MFI Crossed 20 From Above

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