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Music Broadcast

₹17.1 0.1 | 0.6%

Market Cap ₹590 Cr.

Stock P/E 190.1

P/B 1.1

Current Price ₹17.1

Book Value ₹ 15.3

Face Value 2

52W High ₹25.3

Dividend Yield 0%

52W Low ₹ 10.9

Music Broadcast Research see more...

Overview Inc. Year: 1999Industry: TV Broadcasting & Software Production

Music Broadcast Ltd is an India-based employer, which owns and operates Radio City 91.1 frequency modulation (FM). The Company is working approximately 39 terrestrial radio stations across 12 states. The Company also operates approximately 17 Web-stations thru its digital interface.

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Music Broadcast Share Price

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Quarterly Price

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Music Broadcast Quarterly Results

#(Fig in Cr.) Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Sep 2022 Dec 2022 Mar 2023 Sep 2023 Dec 2023
Net Sales 42 20 42 60 46 49 55 51 52 60
Other Income 2 4 5 4 4 5 5 5 6 6
Total Income 45 24 47 64 50 53 60 57 58 66
Total Expenditure 40 34 37 42 44 45 45 46 46 51
Operating Profit 5 -9 9 22 6 9 15 11 12 15
Interest 1 1 1 1 1 1 1 2 2 2
Depreciation 8 8 8 8 8 8 8 8 8 8
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -4 -18 0 13 -3 0 6 0 1 4
Provision for Tax 0 -5 0 4 -1 0 2 1 1 2
Profit After Tax -4 -13 0 9 -2 0 4 -1 0 3
Adjustments 0 0 0 0 -0 0 0 -0 -0 -0
Profit After Adjustments -4 -13 0 9 -2 0 4 -1 0 3
Adjusted Earnings Per Share -0.1 -0.4 0 0.3 -0.1 0 0.1 -0 0 0.1

Music Broadcast Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 138 154 201 225 271 298 325 248 128 168 199 218
Other Income 2 3 7 15 4 19 16 16 15 17 20 22
Total Income 141 157 208 240 276 318 341 264 143 185 219 241
Total Expenditure 104 112 139 147 180 201 212 191 139 157 176 188
Operating Profit 36 45 69 93 96 116 128 73 4 28 43 53
Interest 5 6 6 21 19 15 6 10 3 3 4 7
Depreciation 20 15 16 17 20 26 27 35 33 33 33 32
Exceptional Income / Expenses 0 0 0 -14 0 0 0 0 0 0 0 0
Profit Before Tax 12 24 47 42 57 75 96 29 -33 -8 6 11
Provision for Tax 0 0 0 14 20 24 34 1 -9 -2 3 6
Profit After Tax 12 24 47 28 37 52 62 28 -24 -6 3 6
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 12 24 47 28 37 52 62 28 -24 -6 3 6
Adjusted Earnings Per Share 0 0 0 0 1 1.5 1.8 0.8 -0.7 -0.2 0.1 0.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 18% -7% -8% 4%
Operating Profit CAGR 54% -16% -18% 2%
PAT CAGR 0% -53% -43% -13%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 52% -11% -18% NA%
ROE Average 1% -1% 2% 18%
ROCE Average 2% -1% 3% 10%

Music Broadcast Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds -14 11 58 127 548 600 603 632 610 604 525
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 118 103 285 233 50 50 16 0 0 0 84
Other Non-Current Liabilities 2 2 7 -14 -6 2 -0 18 2 -0 -4
Total Current Liabilities 65 54 52 126 158 45 126 36 27 35 36
Total Liabilities 171 170 401 472 749 697 744 686 639 638 641
Fixed Assets 42 32 19 230 312 297 310 309 283 255 233
Other Non-Current Assets 35 28 36 114 38 192 20 26 64 231 260
Total Current Assets 94 110 347 127 399 208 414 351 292 153 148
Total Assets 171 170 401 472 749 697 744 686 639 638 641

Music Broadcast Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 8 13 19 43 13 86 13 15 8 10 8
Cash Flow from Operating Activities 34 36 65 61 79 40 86 49 5 23 30
Cash Flow from Investing Activities -2 -5 -201 -60 -211 3 -44 32 4 -18 -24
Cash Flow from Financing Activities -27 -26 160 -32 205 -116 -40 -89 -7 -7 -8
Net Cash Inflow / Outflow 6 6 24 -31 73 -72 2 -7 2 -2 -1
Closing Cash & Cash Equivalent 13 19 43 13 86 13 15 8 10 8 6

Music Broadcast Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0 0 0 0 1.03 1.45 1.78 0.82 -0.7 -0.16 0.1
CEPS(Rs) 1.3 1.64 2.58 1.69 1.58 2.19 2.57 1.82 0.26 0.78 1.05
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 0 0 0 0 15.37 16.82 17.45 18.28 17.64 17.46 15.18
Core EBITDA Margin(%) 24.53 27.48 31.02 34.65 33.62 32.55 33.39 22.26 -8.68 6.44 11.31
EBIT Margin(%) 11.89 19.45 26.52 27.76 28.01 30.24 30.04 15.06 -22.83 -2.88 4.89
Pre Tax Margin(%) 8.42 15.78 23.43 18.59 21 25.22 28.36 11.26 -25.32 -4.42 2.97
PAT Margin (%) 8.42 15.78 23.43 12.25 13.51 17.34 18.3 10.99 -18.69 -3.33 1.69
Cash Profit Margin (%) 22.83 25.82 31.25 19.67 20.76 26.15 26.35 24.54 6.99 15.8 17.76
ROA(%) 6.61 14.28 16.47 6.33 6.01 7.15 8.55 3.94 -3.65 -0.89 0.54
ROE(%) 0 0 138.02 29.88 10.86 9.01 10.24 4.57 -3.9 -0.94 0.61
ROCE(%) 11.68 21.91 21.76 15.98 13.45 13.39 15.25 5.91 -4.76 -0.81 1.65
Receivable days 167.78 150.68 127.15 124.19 106.2 117.54 127.81 164.69 258.83 162.95 126.55
Inventory Days 0 0 0 0 0 0 0 0 0 0 0
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 0 0 0 0 55.76 43.81 26.41 17.95 0 0 108.94
Price/Book(x) 0 0 0 0 3.73 3.78 2.7 0.8 1.33 1.48 0.71
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 1.2 0.86 1.38 1.47 7.1 7.51 5 1.99 6.13 5.14 2.27
EV/Core EBITDA(x) 4.56 2.93 4.03 3.57 20.13 19.23 12.65 6.72 211.64 31.12 10.56
Net Sales Growth(%) 12.99 11.67 30.27 12.27 20.37 9.89 8.87 -23.68 -48.51 32 18.07
EBIT Growth(%) 252.51 82.67 77.67 17.49 21.45 18.67 12.16 -61.78 -176.39 83.33 302.61
PAT Growth(%) 635.44 109.36 93.46 -41.3 32.71 41.08 19.15 -54.22 -185.75 76.43 160.34
EPS Growth(%) 0 0 0 0 -2.23 41.07 22.91 -54.22 -185.75 76.43 160.33
Debt/Equity(x) -10.84 12.07 5.09 2.4 0.27 0.08 0.12 0 0 0 0.16
Current Ratio(x) 1.45 2.02 6.61 1.01 2.53 4.61 3.3 9.75 10.78 4.34 4.08
Quick Ratio(x) 1.45 2.02 6.61 1.01 2.53 4.61 3.3 9.75 10.78 4.34 4.08
Interest Cover(x) 3.42 5.3 8.58 3.03 4 6.02 17.93 3.97 -9.17 -1.87 2.55
Total Debt/Mcap(x) 0 0 0 0 0.07 0.02 0.05 0 0 0 0.22

Music Broadcast Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 74.05 74.05 74.05 74.05 74.05 74.05 74.05 74.05 74.05 74.05
FII 0.14 0.16 0.13 0.14 0.09 0 0 0 0.04 0.28
DII 5.47 5.47 5.47 5.47 5.47 5.06 4.9 1.4 0 0
Public 20.34 20.31 20.35 20.33 20.39 20.88 21.05 24.55 25.9 25.67
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of -1% over the last 3 years.
  • The company has delivered a poor profit growth of -43% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Music Broadcast News

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