NSE: RADIOCITY | BSE: 540366

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8.75 -0.12 (-1.35%)

49.10% Fall from 52W High

71,599 NSE+BSE Volume

NSE 28 Jul, 2025 12:26 PM (IST)

302.5

Market Cap

Below industry Median

0.6

Beta 1Year

Very Low volatility

Music Broadcast Ltd. share price target and research reports

Name: Latest research reports of Music Broadcast Ltd. authored by Prabhudas Lilladhar and published by - Trendlyne research reports.
Item: Music Broadcast Ltd.
Rating: 3
Author: Prabhudas Lilladhar

Latest analyst research reports with target prices and PDF download for RADIOCITY, BSE:540366 Music Broadcast Ltd.

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Music Broadcast Ltd.

01 Nov 2022

MUSIC BROADCAST LTD.

Hold: Music Broadcast Ltd.

Target

Prabhudas Lilladhar

Music Broadcast Ltd. has lost -24.63% in the last 6 Months

Music Broadcast Ltd.

25 May 2022

MUSIC BROADCAST LTD.

Hold: Music Broadcast Ltd.

Prabhudas Lilladhar

Music Broadcast Ltd. has lost -43.84% in the last 1 Year

Music Broadcast Ltd.

25 Jan 2022

MUSIC BROADCAST LTD.

Hold: Music Broadcast Ltd.

Prabhudas Lilladhar

improvement with inventory utilization of 26%/54%/77% in 1Q/2Q/3Q respectively which is encouraging. We believe MBL has fared well in this challenging environment with 1) volume market share of 22% (up 200bps...

Music Broadcast Ltd. is trading below all available SMAs

Music Broadcast Ltd.

25 Oct 2021

Music Broadcast

Hold: Music Broadcast Ltd.

Target

ICICI Securities Limited

...

Music Broadcast Ltd. has lost -43.84% in the last 1 Year

Music Broadcast Ltd.

22 Oct 2021

Q2FY22 Result Update - Yield recovery still far away - HOLD

Hold: Music Broadcast Ltd.

Prabhudas Lilladhar

comparison, industry ad-volumes were up 49% YoY. We cut our FY23-FY24 EBITDA estimates by ~5% as yields which are at ~4045% discount as compared to pre-COVID levels may take longer to recover. However, ad-volumes in high yield markets have shown signs of improvement (~7-8% shortfall versus pre-COVID benchmark has narrowed a bit) which is encouraging. We believe MBL has fared well in this challenging environment with 1) volume market share of 20% (highest amongst peers) in...

Music Broadcast Ltd. has lost -24.63% in the last 6 Months

Music Broadcast Ltd.

26 Jul 2021

Q1FY22 Result Update - Recovery dependent on yield reclamation - HOLD

Hold: Music Broadcast Ltd.

Prabhudas Lilladhar

comparison, industry ad-volumes were up 67% YoY. While our FY23 EBITDA estimates are broadly intact, we cut our FY22 EBITDA estimates by ~7% as onset of 2nd wave has derailed the recovery process since radio is an AND medium of advertising. Further, ad-volumes in high yield markets are still at suboptimal levels (~7-8% shortfall versus pre-COVID benchmark) which is likely to prolong the recovery. Nonetheless, MBL has fared well in this challenging environment with 1) volume market share of 21%...

Music Broadcast Ltd. has lost -43.84% in the last 1 Year

Music Broadcast Ltd.

22 May 2021

Music Broadcast

Hold: Music Broadcast Ltd.

Recommendation Target

ICICI Securities Limited

Music Broadcast (MBL) reported a subdued set of numbers for Q4FY21. Revenues dipped 7.4% YoY to | 42.5 crore due to continued erosion in yields. The company reported 11% YoY growth in volumes in Q4FY21, with yields lower in major stations by 20-25%. Industry volume increased 4% YoY in the quarter. Reported EBITDA was at | 2.9 crore for the quarter while EBITDA margin was 6.2%, down 300 bps YoY compared to adjusted EBITDA margins for Q4FY20 (EBITDA margin for the base quarter was 9.1% adjusted to one off expenses of | 9.5 crore). Consequently, the company reported...

Music Broadcast Ltd. has lost -24.63% in the last 6 Months

Music Broadcast Ltd.

25 Jan 2021

Music Broadcast

Buy: Music Broadcast Ltd.

Target

ICICI Securities Limited

Music Broadcast (MBL) reported subdued set of numbers for Q3FY21. Revenues dipped sharply by 41.6% YoY to | 40.7 crore on the back of lower ad yield. Reduction in operating costs during the quarter was again a positive. EBITDA was at | 4.2 crore, down 80.7% YoY as operating performance was impacted by lower topline. Consequently, the company...

Music Broadcast Ltd. has lost -24.63% in the last 6 Months

Music Broadcast Ltd.

22 Jan 2021

Q3FY21 Result Update - Volumes recover but yields hold key - HOLD

Hold: Music Broadcast Ltd.

Target

Prabhudas Lilladhar

Management is targeting cost savings of Rs500-550mn in FY21E. Roughly 50% of the savings will be permanent in nature boosting margins by 300 bps. While MBL's revenue of Rs407mn was in-line with our estimates, EBITDA margin of 10.2% surpassed our expectations of 7.5% led by stringent cost control. Total operating cost stood at Rs365mn for the quarter and annualized savings of Rs500-550mn is expected in FY21E. Roughly 50% of the cost savings is expected to be permanent in nature resulting in 300bps margin...

Music Broadcast Ltd. is trading below all available SMAs

Music Broadcast Ltd.

24 Oct 2020

Q2FY21 Result Update - Volumes recover sequentially; yields hold key - HOLD

Hold: Music Broadcast Ltd.

Target

Prabhudas Lilladhar

Board has approved a bonus issue of non-convertible non-cumulative redeemable preference shares (NCRPS) of Rs100 each in the ratio of 1 NCRPS for every 10 equity shares held by non-promoter shareholders. MBL's operational performance (EBITDA loss of Rs30mn) was better than our estimates led by a revenue beat of 20%. Ad-volumes are increasing on a sequential basis with utilization levels in smaller markets almost back to preCOVID levels of ~50-55%. However, metros/tier-1 markets are still lagging...

Music Broadcast Ltd. has lost -24.63% in the last 6 Months

Is Music Broadcast Ltd. worth buying?

93 Votes:

Buy 82.8%

Sell 9.68%

Hold 7.53%