Music Broadcast
- Market cap
- ₹ 182 Cr.
- P/E
- 47.9x
- P/B
- 0.42x
- 52-week range
- 4.5 – 8.46
- ROE
- −11%
- ROCE
- −8%
- Dividend yield
- 0%
- Debt / equity
- 0.05
- Sector
- Entertainment
- Industry
- Media & Entertainment
- Listed on
- NSE, BSE
About
Music Broadcast Limited is engaged in the business of operating private frequency modulation (FM) radio stations through the brand name, Radio City. Radio City focuses on offering a one-stop shop for its advertisers by providing integrated solutions, including content production, event intellectual properties (IP), social media, commissioned podcasts, audio stories, influencer marketing, and various others. It is engaged in digital proactive collaborations with brands, such as Samsung, Tiger Balm, Super 4, Lifestyle, Maruti Suzuki-Ertiga, Canara Bank and T-series, among others. The Company provides humor-based IPs Babber Sher, Joke Studio and the IP Love Guru with a concept of love, relationships and romantic endeavors. South Ka Blockbuster, its interactive microsite, provides users with exclusive interviews, unseen photo galleries, interactive celebrity quizzes, and polls about popular South Indian superstars. It has approximately 39 stations in 12 states and one union territory.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Media & Entertainment: 24 companies →Music Broadcast against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)47.9 against a typical 44.4: pricier than most peers (1st = cheapest).15th of 24
- Sales growth−9.7% against a typical +23.9% from a year earlier.15th of 17
- Share price, 3 months−24.4% against a typical −11%.18th of 22
- Size₹ 181.8 Cr. market value against a typical ₹ 90.1 Cr. (1st = largest).9th of 21
Latest announcements
Exchange filings and their impact on the company.
- Loss-making radio operator turns sharply profitable on cost cuts; Rs 15.9 cr H1 profit signals ~Rs 30 cr annual profit ahead.
Music Broadcast reported Q2 FY27 revenue of Rs 41.0 crore, up 8% from last year, with net profit of Rs 6.7 crore versus a Rs 6.9 crore loss a year ago. For the first half, revenue was Rs 85.5 crore with profit of Rs 15.9 crore versus a Rs 9.1 crore loss last year, helped by lower staff costs, other expenses, depreciation and interest after debt reduction. Total equity rose to Rs 461.3 crore at September 2026, signalling a sustained return to profitability if cost discipline holds.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
No up-to-date rating
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Withdrawn | Stable | 2 Jul 2026 |
Every agency has withdrawn its rating.
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 2 Jul 2026 | Withdrawn | was Crisil AA | — | CRISIL | ₹ 255 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 26 Oct 2026 | Financial Results | To consider and approve the Un-audited Financial Results for the second quarter and half year ended September 30, 2026 |
| 22 Jul 2026 | Financial Results | To consider and approve the Un-audited financial results for the quarter ended June 30, 2026 |
| 21 May 2026 | Financial Results | To consider and approve the Audited Financial Results for the financial year ended March 31, 2026 |
| 2 Feb 2026 | Financial Results | To consider and approve the Un-audited Financial Results for the quarter and nine months ended December 31, 2025 |
| 5 Jan 2026 | Dividend/Other business matters | Board Meeting Intimation to consider payment of interim dividend on NCRPS and approval of the redemption of the said NCRPS |
| 29 Oct 2025 | Financial Results | Considering and approving un-audited financial results for the Second Quarter and Half Year ended September 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 52 | 60 | 63 | 60 | 55 | 65 | 55 | 49 | 38 | 46 | 41 | 45 |
| Expenses | 46 | 51 | 52 | 50 | 52 | 55 | 100 | 48 | 43 | 39 | 88 | 36 |
| Operating Profit | 6 | 9 | 10 | 9 | 3 | 11 | −45 | 1 | −5 | 8 | −47 | 8 |
| OPM % | 12.2% | 15.7% | 16.3% | 15.5% | 5.5% | 16.6% | −83% | 1.9% | −14.5% | 16.4% | −116.4% | 18.4% |
| Other Income | 6 | 6 | 6 | 7 | 6 | 7 | 7 | 7 | 7 | 8 | 5 | 8 |
| Interest | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 1 | 0 |
| Depreciation | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 7 | 7 | 7 | 7 | 4 |
| Profit before tax | 1 | 4 | 5 | 5 | −2 | 6 | −50 | −2 | −9 | 6 | −51 | 12 |
| Tax % | 72.4% | 42.1% | 41.1% | 42.9% | 1% | 39.4% | −24.1% | −0.5% | −21.5% | 39.5% | −5.6% | 25.2% |
| Net Profit | 0 | 3 | 3 | 3 | −2 | 4 | −38 | −2 | −7 | 4 | −48 | 9 |
| EPS in Rs | 0.01 | 0.07 | 0.09 | 0.07 | −0.06 | 0.1 | −1.1 | −0.06 | −0.2 | 0.11 | −1.39 | 0.27 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- −3%
- 5 Years
- 6%
- 3 Years
- −4%
- TTM
- −24%
- 10 Years
- —
- 5 Years
- −36%
- 3 Years
- —
- TTM
- −9%
- 10 Years
- —
- 5 Years
- −22%
- 3 Years
- −20%
- TTM
- —
- 10 Years
- 1%
- 5 Years
- −3%
- 3 Years
- −5%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Music Broadcast | ₹ 5.25 | ₹ 182 Cr. | 47.9x | 0.4x | −11% | — |
| Sun Tv Network | ₹ 579.95 | ₹ 22,877 Cr. | 13.2x | 1.6x | 11.9% | 33.2% |
| Zee Entertainment Enterprises | ₹ 65.45 | ₹ 6,287 Cr. | 36.8x | 0.9x | 2.4% | 3.4% |
| DEN Networks | ₹ 24.07 | ₹ 1,157 Cr. | 7.9x | 0.3x | — | 15% |
| New Delhi Television | ₹ 60.65 | ₹ 684 Cr. | — | 7.1x | −345% | −61.2% |
| TV Today Network | ₹ 100.50 | ₹ 600 Cr. | 27.5x | 0.8x | 1.4% | 1.6% |
Management
- Abraham Thomas
- Chief Executive Officer
- Rajiv Shah
- Chief Financial Officer
- Arpita Mehrotra Kapoor
- Compliance Officer, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.