NSE: RADIOCITY | BSE: 540366

Value Stock, Under Radar

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9.19 -0.07 (-0.76%)

New 52W Low today

146.6K NSE+BSE Volume

NSE 07 Apr, 2025 3:31 PM (IST)

317.7

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 ICICI Securities Limited and published by - Trendlyne research reports.
Item: Music Broadcast Ltd.
Rating: 5
Author: ICICI Securities Limited

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

Music Broadcast Ltd.

24 Oct 2020

Music Broadcast

Buy: Music Broadcast Ltd.

Recommendation Target

ICICI Securities Limited

Music Broadcast Ltd. is trading below all available SMAs

Music Broadcast Ltd.

24 Jul 2020

Music Broadcast

Hold: Music Broadcast Ltd.

ICICI Securities Limited

The radio segment, already under pressure due to macroeconomic slowdown, was hit hard by the Covid-19 led lockdown. Ad spend by corporates/government has almost dried up. While MBL's liquidity position is healthy and ad volume picked up compared to April, we believe a recovery in ad revenue is still one to two quarters away. Hence, we maintain HOLD...

Music Broadcast Ltd. has lost -42.56% in the last 6 Months

Music Broadcast Ltd.

23 Jul 2020

Q1FY21 Result Update - Cost cutting initiatives yielding results - HOLD

Hold: Music Broadcast Ltd.

Target

Prabhudas Lilladhar

As cost cutting initiatives started bearing fruits, MBL's operational performance (EBITDA loss of Rs153mn) was better than our estimates. Total operating cost stood at Rs296mn for the quarter (down 37.5% YoY) translating into monthly run-rate of ~Rs100mn (in-line with the cost optimization guidance of ~Rs100-110mn given in 4QFY20). Further, with 50% of the cost savings having materialized from reduction in fixed cost which is...

Music Broadcast Ltd. has lost -42.56% in the last 6 Months

Music Broadcast Ltd.

26 May 2020

Q4FY20 Result Update - Exceptional loss mars EBITDA - HOLD

Hold: Music Broadcast Ltd.

Prabhudas Lilladhar

Operating cost optimized to Rs100-110mn per month during lockdown. Prelockdown monthly run-rate was Rs160-170mn. We cut our EBITDA estimates by 79%/29% for FY21/FY22 respectively as 1) we expect inventory utilization for 28 legacy/11 batch 1 stations to be at 36%/30% in FY21 and 55%/40% in FY22 respectively since COVID-19 is expected to have an adverse impact on the overall demand environment...

Music Broadcast Ltd. has lost -50.19% in the last 1 Year

Music Broadcast Ltd.

26 May 2020

Music Broadcast

Hold: Music Broadcast Ltd.

Recommendation Target

ICICI Securities Limited

The company indicated that MIB has still not approved the Big FM acquisition and the long stop date has expired, implying that the deal is off the table. They also indicated that post Covid-19, the valuations metrics have...

Music Broadcast Ltd. has lost -50.19% in the last 1 Year

Music Broadcast Ltd.

04 May 2020

Music Broadcast

Buy: Music Broadcast Ltd.

ICICI Securities Limited

We interacted with Music Broadcast (MBL) to gauge the ramifications of Covid-19. MBL witnessed a steep fall in revenues amid the lockdown as ad volumes have dried up both from corporates and government barring few state governments' social message-based ads amid Covid-19 outbreak. We note that MBL already had a distressing year with 9MFY20 revenues and EBITDA decline of 17.8% YoY and 23.1% YoY, respectively, impacted by a steep decline in government as well as other major categories. On the positive side, a third party survey, however, has indicated that daily...

Music Broadcast Ltd. has lost -22.45% in the last 3 Months

Music Broadcast Ltd.

12 Mar 2020

Music Broadcast

Hold: Music Broadcast Ltd.

ICICI Securities Limited

Steep decline in government category leads to revenues drop The company has alluded to weak economic growth for its revenue decline and the same was seen across media segments. Ad volumes were down 20% while realisation were up 3% in 9MFY20. The higher realisations, in our view, are merely owing to a steeper decline in the government category, which are lower yielding. The company indicated that given fiscal stretch, central government category remained muted while non-government ad category has not shown a major improvement in festivities apart from auto...

Music Broadcast Ltd. is trading below all available SMAs

Music Broadcast Ltd.

09 Dec 2019

Music Broadcast Ltd

Buy: Music Broadcast Ltd.

Target

Angel Broking

For 2QFY2020, Music Broadcast Limited (MBL) posted below expectation results both on top-line and bottom-line fronts. MBL's top-line registered a decline of ~22% yoy to `63cr on the back of lower ad spends. Moreover, the company's operating margins contracted by 354bps yoy. On the bottom-line front, MBL reported growth of ~38% yoy to `19cr on

Music Broadcast Ltd. has lost -42.56% in the last 6 Months

Music Broadcast Ltd.

15 Nov 2019

Music Broadcast Ltd

Music Broadcast Ltd.

Angel Broking

Music Broadcast Ltd. has lost -50.19% in the last 1 Year

Music Broadcast Ltd.

11 Nov 2019

Q2FY20 Result Update

Buy: Music Broadcast Ltd.

Target

Prabhudas Lilladhar

We cut our PAT estimates by 37.4%/23.4% for FY20E/21E as 1) national advertisers continue to remain apprehensive due to weak macro-economic environment 2) government, the largest category, is witnessing unprecedented cut/delay in ad spends with no signs of revival at least in the near term and 3) there was no visible uptick in ad volumes in the festive season that just culminated. In the top 15 markets, all categories except for auto and finance have reported a de-growth in ad volumes during 1HFY20. Despite such challenging environment RADIOCIT IN maintained its share of...

Music Broadcast Ltd. is trading below all available SMAs

No results found

Is Music Broadcast Ltd. worth buying?

91 Votes:

Buy 82.42%

Sell 9.89%

Hold 7.69%