NSE: RADIOCITY | BSE: 540366

Value Stock, Under Radar

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9.26 -0.38 (-3.94%)

New 52W Low in past week

211.5K NSE+BSE Volume

NSE 04 Apr, 2025 3:31 PM (IST)

320.1

Market Cap

Below industry Median

0.7

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 -24.16% in the last 3 Months

Music Broadcast Ltd.

25 May 2022

MUSIC BROADCAST LTD.

Hold: Music Broadcast Ltd.

Prabhudas Lilladhar

Music Broadcast Ltd. is trading below all available SMAs

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. has lost -24.16% in the last 3 Months

Music Broadcast Ltd.

25 Oct 2021

Music Broadcast

Hold: Music Broadcast Ltd.

Target

ICICI Securities Limited

...

Music Broadcast Ltd. has lost -24.16% in the last 3 Months

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 -24.16% in the last 3 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 -24.16% in the last 3 Months

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. is trading below all available SMAs

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 -42.09% 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. has lost -50.35% in the last 1 Year

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 -42.09% in the last 6 Months

No results found

Is Music Broadcast Ltd. worth buying?

90 Votes:

Buy 82.22%

Sell 10.0%

Hold 7.78%